The paper first compares the monetary and exchange-rate policies conducted in the CEECs and by one of the neighbouring countries of the United States (Mexico). It is shown that Mexico has implemented reasonably expansionary policies, boosting production while avoiding financial imbalances and...

Les PECO ont en moyenne une situation economique tres differente de celle des pays initiaux de la zone euro. Puisqu'ils sont de faible poids (demographique ou economique), leur entree ne modifiera visiblement la politique monetaire de la zone euro que si les representants des pays a la BCE...

This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...

This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...

The studies cover topics in the conceptualization, classification and stratification of public goods. Also examined are public institutional design, global economic institutions and partnership typologies. Individual papers address the financing, regulatory, organizational and legal aspects...

?At the heart of the differences between Germany and France we find several large industrial sectors: car-making, other transport equipment, electronic equipment and capital goods, metallurgy, and to a lesser extent chemicals. ? In these sectors we find: significantly higher export price...

Countries experiencing excessive inflation can use either a reduction in the growth rate of money supply (disinflation using monetary policy) or a stabilization of the exchange rate (disinflation using the exchange rate policy). In the past, the first choice proved better than the second, which...