On the twentieth anniversary of its inception, the euro has yet to expand its role as an international currency. We document this fact with…
The successful fruits of Italian Renaissance patronage were often prominently displayed by the original owners and written up favorably by…
The volume explores the philosophical conflict between German Ordoliberalism and Anglo-Saxon or American pragmatism. This chapter asks…
In this paper we provide a model of Research Joint Venture (RJV), and study the incentives of competing firms to cooperate in product…
This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists…
Two centuries of Greek debt crises highlight the pitfalls of relying on external financing. Since its independence in 1829, the Greek…
It is useful to begin a discussion of the euro crisis by facing up to the problems inherent in monetary union. One possible view is that…
What is the socially optimal level of liquidity in a retirement savings system?
Liquid retirement savings are desirable because liquidity…
In recent years, a widespread consensus has emerged about the necessity of establishing bridges between quantitative and qualitative…
Germans cannot agree to unlimited bailouts of euro members. On the other hand, if they had insisted on the founding principles (fiscal…