We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each...

Any discussion on improving the existing arrangements for assessing and managing financial risks and in particular supervising the relevant institutions will also need to address the question on which institution should be responsible for which task and for which sector of the financial system,...

Multilingualism, one of the major problems in the new reality, is considered to be of crucial importance for the European Union, as multilingualism can be identified as the phenomenon leading to the cultural diversity and protects the disappearance of certain languages, mostly regional and...

In Europe, the languages are like water: mobiles and actives, shapeless and elastics, indispensables but without power. Even if they are subject of discussions between different forces, they are not governing the relations between States. So, one can ask himself the following question: our world...