This article aims to assess the sustainability of fiscal policies in a panel of eight EU New Member States, namely Bulgaria, the Czech Republic, Estonia, Latvia, Lithuania, Poland, the Slovak Republic and Slovenia. First, using panel data unit-root tests, econometric findings show that the...

Portugal was the first country in Europe to join Great Britain in the Gold Standard, in 1854, having abandoned the principle of free gold convertibility in 1891. By elucidating the historical choice of the Gold Standard by the Portuguese authorities, and analysing its macroeconomic behaviour, we...

The main aim of this chapter is to analyse whether recent economic developments in Central and Eastern European countries have been subjected to a typical process of Dutch Disease (DD). We investigate the impact of foreign aid and other external inflows on the economies of these countries...