The financial crisis that struck the global economy in late 2008 had its origins in excesses in the US housing market. Its reverberations, however, were felt around the world and nowhere more keenly than in Western Europe. While North Atlantic trade links were in relative stasis, the North...

The loss of risk-free status for US Treasuries carries significant implications for cash management and collateral operations, the functioning of market interest rate floors, notions of “risk-free” in accounting, financial and portfolio modeling applications, and likely foreshadows an...

Spanish Abstract: La historiografía de los últimos treinta años ha modificado sustancialmente los conocimientos sobre la historia económica de los tiempos modernos. Los enfoques basados en la “excepcionalidad” del proceso histórico europeo, o el “milagro” económico, o “la vía...

Brexit referendum will impact sooner or later, since the European economies are massively underperforming and UK is chained to them.This referendum is “advisory”, not “binding”.In case of Brexit scenario the strategy should be UK to diversify its international links.World is an Oyster,...

This article argues that bank supervision sits at the center of two foundational tensions in the governance of American finance. The first is the extent to which the financial system is controlled by public actors (i.e., the government) or private actors (i.e., the banks). The second is the...

This article reviews the proximate factors of human welfare since 1870 by discussing two strands of the economic history literature and identifying various key areas for further research. The first strand focuses on level accounting studies that attribute between-country economic inequality to...

An influential literature in early modern economic history uses “distance from” as an instrumental or a control variable. I show that “distance from Wittenberg” and “distance from Mainz,” two prominent instruments for the adoption of Protestantism and printing technology, have...

For Romania, the EU accession and the European symbols – such as the EURO currency – represent both the integration into a strong and efficient economic system, but also the guarantee for real democratic values. Romania has expressed a real and strong attachment for the European Union, its...

English Abstract: Latin notaries are more and more frequently defined as gatekeepers, due to their role in providing preventive legal control (in addition to certifying documents), a role that becomes increasingly important in modern legal systems.However, applying this american term loosely to...