Drawing on the 2016 update of the IMF's Central Bank Legislation Database, this paper examines differences in central bank legal frameworks before and after the Global Financial Crisis. Examples from select countries show that many central bank laws have undergone changes in objectives,...

The recurrent economic and financial crises expose the state, enterprises, and households to a range of financial risks and negative financial consequences. As a result, governments are seeking the most efficient measures of legal regulation and other measures ensuring financial security in...

Niels Thygesen (born 1934) played for nearly five decades an influential role in the process of economic and monetary integration in Europe. He is especially known as a member of the Delors Committee and as the first Chair of the European Fiscal Board. As part of a research program on collecting...

Jacques van Ypersele de Strihou is a discrete person but well-known in Belgian and international political and economic circles. After an outstanding academic career at the Universities of Namur, Leuven and Louvain and then at Yale in the United States where he gained a PhD, he started out his...

Austerity Fiscal policies versus Development policies in Italy and European Union The debate on economic policy issues underway in Italy and EU shows two different stances: on one hand a support to restrictive budgetary policy, aimed at achieving the balance of government finance, as required by...

This paper investigates the determinants of foreign direct investment (FDI) flows in dynamic econometric model on Pakistan economy data set (1970-2007). VAR, VEC, generalized impulse response functions, Granger causality, forecasting, three stage least square econometric techniques are used in...

The paper provides a comprehensive overview of the historical problems and causes of the crisis, explains the choices available for the peripheral EU countries and the potential consequences, and discusses potential solutions which take into account how the EU operates. The Eurozone still makes...

The economic role and prospects of Central Asia are still not fully appreciated by the world. Over the last 20 years, the countries of the region have made significant progress in their development, and have far-reaching growth prospects. The region’s GDP has been increasing at an average rate...

Russian Abstract: В мире пока не полностью осознаны экономическая роль и перспективы ЦентральнойАзии. Государства региона достигли существенного прогресса в своем...

Programs Cosme (Programme for the Competitiveness of Enterprises and small and medium-sized enterprises) and Horizon 2020 have been introduced officially in 2014. These programs replaced the former Competitiveness and Innovation Programme (CIP) for small and medium enterprises (SMEs) and 7th...