Recent literature on the European debt crisis emphasizes that rising external trade and lending imbalances between the European Monetary Union's (EMU) Northern and Southern member states served as a crucial determinant behind speculative divergence between these two regions. However, these...

Do employers in coordinated market economies (CME's) actively defend the non-liberal, market- constraining institutions upon which their strategic coordination and competitive success depends? This paper revisits the debate over firms' employer preferences with an in-depth examination of...

Regional disparities within the European Union have always been perceived as an impediment to monetary integration. This is why discussions on a joint currency, from their very beginning, were linked to compensatory payments in the form of regional policy payments. Structural assistance to poor...

An effect of the informalization of production and distribution processes affecting the garment industry has been the spread of sweatshops in areas of industrial eclipse. Whilst the proliferation of these economies is usually analyzed as an outcome of sweeping macro trends, such as the...

At the end of the postwar period, the politically shaped configurations of normatively integrated European political economies differed greatly among "social-market" and "liberal market economies." Such differences persist even though the characteristic achievements of social market economies...

Synchronization of national price inflation is the crucial precondition for a well-functioning fixed exchange rate regime. Given the close relationship between wage inflation and price inflation, convergence of price inflation requires the synchronization of wage inflation. Why did the...

Wie entstehen Erfolgskonzentrationen? Während das Winner-take-all-Phänomen bisher als Konzentrationsprozess auf der Nachfrageseite durch massenhaft gleichförmige Kaufentscheidungen der Konsumenten begriffen wurde, sind Bedingungen und Konstellationen auf der Anbieterseite wenig...

How do neoliberal political economies threatened with declining competitiveness and social cohesion manage to remain neoliberal over time? This paper explores mechanisms of neoliberal continuity in Chile and Estonia by extending gradualist approaches to institutional change with the notion of...

In der gegenwärtigen Wirtschafts- und Finanzkrise werden wieder vermehrt Alternativen zum bestehenden Geldsystem diskutiert. Das vorliegende Discussion Paper bietet einen Literaturüberblick zu ausgewählten alternativen Geldkonzepten. Zum einen werden Ansätze der Systemergänzung durch...

Jüngere Studien kritisieren die weitverbreitete Gleichsetzung von Wirtschaftsnationalismus und Protektionismus mit der Begründung, dass auch Marktliberalisierung oft mittels nationalistischer Motive gerechtfertigt wird. Wir ergänzen, dass spiegelbildlich dazu die Befürworter von...