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Services – from information technology to research to finance – are now as subject to international trade as goods have been for decades. What are the labor market consequences of the recent surge in services offshoring? While offshoring has traditionally been found to...
Consumer credit has become a topical issue for researchers, regulators and the banking industry in Europe as a result of increasing market integration, regulatory changes and a growing tendency of households to use debt to finance consumption. This study uses a...
Telecommunication markets are characterized by a dynamic development of technology and market structures. The specific features of network-based markets, convergence of previously separate spheres and the complex task of market regulation put traditional theoretical...
During the first two-thirds of the 20th century the themes of sectorial structure and compared performance prevail in Italian economic historiography. In the last part of the century, in contrast, attention is focused on the behavior of single economic actors and their...
Innovation in banking should be directed at improving the infrastructure that fosters efficient financial services and international trade. In this work, innovation theory is used to show how modern payment systems have transformed the technology of banking and...
Methods used for regional development analysis are employed mainly to make forecasts and comparisons. Forecasting models of various types (e.g. econometric models) are usually used for forecasting. Recently, vector-autoregressive models (VAR) have become popular. These...
The creation of a single monetary currency and a single monetary policy in the euro area has faced extraordinary challenges, among them the design of suitable monetary policy instruments. This book evaluates monetary policy instruments of the Eurosystem against a number...
Europe suffers from an inadequate capacity to transform scientific and technolo- cal knowledge into business opportunities […] A strong collective effort will be needed in the area of innovation […] To make any real impact on the unemployment problem and the future of...
Insurance intermediaries can help consumers to economize on information and transaction costs in insurance markets. However, competing intermediaries provide heterogeneous information services, which are difficult to assess by incompletely informed consumers. Conduct...
Do you know where your investments go? How effective and accountable are the resources used in the international development? How can intercultural frictions, governance scandals, or corruption be prevented? Based on a case study the author unveils a gap in the...
Corporate governance has been at the center of interest in the corporate- nance literature for the past decade. The discussion has continuously int- si?ed due to the occurrence of multiple corporate governance failures which have triggered the introduction or further...
Despite an improved analytical knowledge of poverty, a complex multilateral transfer system of official development assistance (ODA), and a list of clearly defined objectives (Millennium Development Goals), poverty reduction in low-income countries remains a great...
The book explores urban dynamics in post-socialist Europe 15 years after the fall of communism.The ‘urban mosaic’ metaphor expresses the complexity, diversity and uniqueness of the processes and spatial outcomes in post-socialist cities.The book examines the urban...
The book presents the descriptive findings and analytical results from the recent representative European Union Company survey of Operating hours, Working times and Employment (EUCOWE) in France, Germany, the Netherlands, Portugal, Spain and the United Kingdom.The...
This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis shows that prospective members of the EMU are likely to pass on some costs of convergence to the current EMU members. The mechanism is an altered...
This book provides a comprehensive understanding of the relationship between Foreign Direct Investment (FDI) and economic growth, with special attention to the countries of Central and Eastern Europe. Within a new semi-endogenous growth model, the book illustrates the...
Negotiations are of increasing importance in highly regulated sectors, particularly in the network industries such as telecommunications and transport. In general, negotiating partners in these markets are not equal with regard to their various sources and instruments...
Markets would not exist without the exchange of information. Information exchange is the initial and most basic phase of every economic transaction, without it, market participants would not trust each other and no trade would take place. This holds for all transactions...
Economic integration in general and Eastern enlargement of the European Union in particular created a wider European single market, thereby stimulating structural adjustment and economic specialization. This study analyzes trade specialization patterns in the enlarged...
rium states but on the development process following an external shock, Kerstin Press adopts a new methodological approach. She develops a theoretic model of clusters, change and adaptation that is based on the N/K model of complex s- tems (Kauffman 1993). Taking the...
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