Arbitration, as an alternative to litigation for contract disputes, reduces costs and time. While it has frequently been thought of as a substitute to pretrial bargaining and litigation, in fact, parties may be able to reach a settlement privately while engaged in the arbitration process....

We investigate what amount of risk sharing European countries entering a monetary union can hope to achieve by looking at the regions of Italy and the UK: two countries with very different financial systems and policy regimes. More precisely, we measure the contribution to risk sharing stemming...

The pursuit of economic growth is at the top of every nation's policy agenda at the end of the 20th century. This authoritative and comprehensive book goes beyond the narrowly-based convergence model of economic growth by considering global, national and regional patterns of growth from a...