Intro -- Contents -- About the Author -- Acknowledgements -- Foreword -- Chapter 1 Introduction -- 1.1 Introduction -- 1.2 Definitions -- 1.3 Toward the Euro -- 1.4 Diversity in a United Europe -- 1.5 Different Contexts for Enterprise -- Chapter 2 Austria -- 2.1 Introduction -- 2.2 Historical...

Intro -- Contents -- List of Tables and Figures -- Introduction -- I Adjusting to Europe:a Learning Perspective -- 1 Deviant Italy chooses to adjust:the puzzle -- 2 Learning how to adjust: the analytical framework -- 3 Rescued by Europe? The argument in brief -- II The Scene in the...

Central banks around the world try to influence economic activity by altering nominal interest rates which will have an effect on the real rate. However, this is only possible as long as interest rates are above zero. The case of Japan showed that monetary policy was helpless as nominal rates...

This paper quantifies the economic influence that shocks to EMU cohesion, which in turn reflect the incomplete nature of the monetary union, have on the rest of the world. Disentangling euro area stress shocks and global risk aversion shocks based on a combination of sign, magnitude and...

The activities of multinational enterprises (MNEs) have become an increasingly important feature of the euro area economy, affecting output, trade and financial linkages. MNEs contribute to domestic output by maintaining large production facilities, offering high-paid jobs, bringing in new...