With the final phase of the European Monetary Union underway, concern has been raised over the regional implications of the European Central Bank (ECB) Monetary Policy. Departing from the standard approach utilized by the ECB, this book provides a comprehensive theoretical framework to explore the ways through which money and monetary policy may affect regions.

Carlos Rodriguez Fuentes, the rising star of Spanish economics, has produced a work of impressive clarity which analyzes the effects of regional monetary policy - with particular reference to European Monetary Union....

This second volume of essays in honour of Vito Tanzi focuses on the importance of fiscal policy on the wholesale economic reforms that are sweeping the advanced, less developed and formally communist countries. Issues analyzed include the role of fiscal and budgetary policies in the process of reform, the impact of privatization on the exchequer and the dilemmas for social policy in times of fiscal austerity. Also considered is the economic paradox of post-socialism and post-dirigisme, namely that an efficient and harmonic move to a decontrolled, liberal market economy involves active state...

This edited collection examines the impact of privatisation and the lessons to be learnt from it for the purpose of regulatory reform. The contributors analyse the benefits and losses of privatisation in a variety of countries from economic, legal and consumer perspectives and address fundamental questions such as whether private ownership necessarily leads to better incentives for management and productivity.
The book contains illustrative case studies of the Australian telecommunications industry, the deregulation of the Swedish taxi and postal industries, Californian telecommunications...

This volume presents an analysis of the economics of futures markets that should be of interest to both specialists in the area and the generalist economist. Through a combination of theoretical investigation and empirical application, three themes are explored: the gains from futures trading and the efforts of emerging markets to reap these benefits; rationality and rival hypotheses of trader behaviour, such as noise trading; and the effect of regulatory tools on price formation. The contributors to the volume bring a wide expertise to bare in an analysis covering topics as significant and...

What is the animating 'spirit' behind what may appear to be the coldly calculating world of markets and business enterprise? Though often mathematically modelled in dry terms, markets can be looked at instead as meaningful domains of human activity. To economists, markets have been seen as nothing but objective 'forces' or allocation 'mechanisms'. This book, however, argues that they can be seen as involving the human spirit, personal expression and moral commitments. It presents the view that markets are not so much things that need to be measured as meanings that need to be narrated and...

Presenting new material and a fresh perspective, Technology, Trade and Growth in OECD Countries, provides a unifying framework for the exploration of the role played by specialisation in economic growth and international competitiveness.

Respected international experts such as Michael Bordo, Larry Sjaastad and Ken Clements are brought together in a wonderfully well researched new book on this most important of topics. This comprehensive, well-written book provides all you need to know about Gold and the Modern World Economy.

As demand for fresh water rises, together with population, water scarcity already features on the national security agenda of many countries. In this book, Dinardevelops a theory to explain solutions to property rights conflicts over shared rivers. Through systematic analysis of available treaty texts, corresponding side-payment and cost-sharing patterns are gleaned. Geographic and economic variables are used to explain recurring property rights outcomes.

Rather than focusing on a specific river or particular geographic region, the book analyzes numerous rivers, dictated by the...

First Published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.

There has been growing discussion about the role that regions play in global processes of innovation and advanced economic activity. Regions have come to be seen as actors, searching for enterprises, investments and new firms. The move towards globalisation and networking has also intensified both the regional concentration in the advanced industrialised countries of Europe and in the US and the orientation of these locations towards global networks. While processes of innovation are increasingly realised globally, they can also take a highly regionalised expression. This book sets the global...