This paper studies two approaches to the Neoliberalism with regard to the state. The first one starts by critically assessing “too much state” from the vintage point of civil society (Michel Foucault, 2008). The second approach begins from Welfare State and considers Neoliberalism as a...

This paper argues that the Federal Reserve’s failure to control inflation during the 1970s was due to constraints imposed by the political environment. Members of the Fed understood that a serious attempt to tackle inflation would be unpopular with the public and would generate opposition from...

Like many countries, Spain has gone through a series of financial crises, both before and after its industrialization. There are many underlying causes for these crises, as well as for the current Spanish downturn. It is worth noting that there are similarities between recessions throughout the...

Most small island economies or microstates have distinctly different characteristics from larger developing economies. They are more open and vulnerable to external and environmental shocks, resulting in high output volatility. Most of them also suffer from locational disadvantages. Although a...

The paper presents the evolution of monetary regimes and monetary reforms in the Soviet Union during the period following the seizure of power in October 1917 until the currency reforms carried out by the Soviet authorities in mid-1924. The studied period gives possibilities for reflection on...

Résumé La monnaie est souvent considérée comme un instrument permettant de projeter pouvoir et influence. L’article retrace l’évolution des rapports de force et des hiérarchies monétaires dans la corne de l’Afrique où se sont mêlés les intérêts français, anglais et italiens en...

The paper aims to synthesize the causes and factors that have given specific shape to the Great Depression in Bulgaria, its manifestation in the country (Part 1), its phases and forms (Part 2), as well as the subsequent structural change and trajectory of the Bulgarian economy and society (Part...

The paper aims to synthesize the causes and factors that have given specific shape to the Great Depression in Bulgaria, its manifestation in the country (Part 1), its phases and forms (Part 2), as well as the subsequent structural change and trajectory of the Bulgarian economy and society (Part...

The history of Europe is riddled with conflict and disagreement between its nations and the present has not managed to erase their traces. The establishment of the European Union, although started as an economic project (EEC), has gained some other dimensions as well: monetary, political and...

Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...