This paper analyses the results of the financial services negotiations under the General Agreement on Trade in Services (GATS) at the World Trade Organization (WTO). It shows that the negotiations have contributed to more stable and transparent policy regimes in many developing and transition...

The paper focuses on the process of liberalization of the electricity market and its functioning in the EU. The European electricity market is in the middle of its transformation from a monopolistic state-owned production and distribution to privatized markets with various competing firms. The...

This paper develops a model of a representative transition economy to explain the stylised facts of output declines and real exchange rate appreciation in the early stages of transformation. These facts can be explained by supply-side shocks, interest rate liberalisation or a reduction in core...

Introduction -- Neutrality, equality, and liberalism / Ronald Dworkin -- Liberalism and law / Mark Sagoff -- How liberal is democracy? / Amy Gutmann -- Taking rights frivolously / Walter Berns -- Toward a liberal foreign policy / Marshall Cohen -- The legacies of new deal liberalism / Theda...