This paper considers the joint role of macroeconomic, structural and bank-specific factors in explaining the occurrence of banking problems in the nineteen Eastern European transition countries over the last decade. With data at the individual bank level we show, using a discrete time survival...

This article explores the development of Economic and Monetary Union in Europe from the Second World War through to the end of 2010. It concentrates primarily on the earlier part of the process and contrasts what has been implemented since 1999 with its antecedents and with the prescriptions...

The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international efforts to coordinate and converge on such policies, national policy advice and resolution practices differ. The resolution methods adopted in the Nordic banking crises in the...

Our aim in this paper is to explore three related trends which have emerged in recent years that are contributing to important changes in the way both social welfare and democratic decision making over its form and content interact. These trends are: growing inequality, an increasing devolution...

This paper considers the impact of the developments of the last 20 years on the nature of social models in the EU as categorized by the traditional Anglo-Saxon, Continental, Nordic and Southern regimes. It looks in particular at the impact of enlargement, globalisation and the pressures within...

The purpose of this article is to examine in a non-technical manner the contribution of the hypothesis of rational expectations to the explanation of how people form expectations of the values of economic variables. In particular the article draws conclusions for what the hypothesis may and may...