The paper derives a normative model for partial fiscal equalisation based on a number of axioms and makes special allowance for the existence of a specific fiscal need in the jurisdictions. A simple version of this idealised equalisation scheme relates net contri-butions to the equalisation...

In this paper it has been analysed whether and how the Agency for Territorial Cohesion, just recently established and intended to replace the Department for Development and Cohesion Policies, can fit in the complex system of multilevel governance envisaged as per the Community rules for the...

This paper analyzes disparities among nominal and real exchange rate movements across the Central and Eastern European (CEE) countries from 1991 to 1996. The method of analyzing such processes is to examine whether the differentials of exchange rate changes converge or diverge over time....