Using both macro- and industry-level data this paper analyses the non-linear effects of financial development and international financial integration on economic growth in Europe. Special attention is devoted to modeling threshold effects with respect to the depth of financial markets as a...

This paper analyzes the monetary policy of Slovenia on the path to euro adoption. Analysis of the exchange rate pass-through effect supports the link between the practice of real exchange rate targeting within the managed float regime and inflationary developments. With a counterfactual policy...