In the European Monetary Union the seigniorage to the member countries is organized in a specific way. On the one hand, the seigniorage generated by the issue of Euro bills is profit of the European Central Bank that is distributed by a determined key. On the other hand, the member countries...

The authors present a constructivist approach for teaching game theory, on the basis, in part, of Axelrod’s research approach. Using the Axelrod tournament multi-user system (ATMUS) software, students create strategies for a repeated prisoner’s dilemma (RPD). Later, these...

The authors present a constructivist approach for teaching game theory, on the basis, in part, of Axelrod's research approach. Using the Axelrod tournament multi-user system (ATMUS) software, students create strategies for a repeated prisoner's dilemma (RPD). Later, these strategies are matched...

Purpose This paper aims to briefly review the literature on interest rate convergence and the European debt crisis with a special focus on the current fiscal problems of some governments in Europe. Design/methodology/approach Relevant empirical papers are identified and reviewed focusing on time...