The paper aims to investigate the research question whether the US 2008 crisis spilled over contagiously to the Baltic States as small open economies. In order to examine the evidence of financial contagion as a systematic component of financial risks in the case of the Baltic States, we employ...

The current financial and economic crisis has highlighted the inadequacy of existing institutional and policy arrangements at the EU level. Even before this crisis, the EU economic growth was low, by international standards, revealing deep structural problems across EU countries, especially in...

The EU budget negotiations for the 2014-2020 period are of great importance as they set political priorities for future years. As a net beneficiary of EU funds, Romania favours an increase in the size of the EU budget. Adopting such a position, however, would make little sense unless the...