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Edited by Ewald Nowotny, Doris Ritzberger-Grünwald and Helene Schuberth

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Edited by Ewald Nowotny, Doris Ritzberger-Grünwald and Helene Schuberth

Amid formidable challenges, Europe’s future depends not least on the capacity of its economies to converge toward their better performing peers. Dissecting the complexity of cohesion, this book analyzes which dimensions matter most for the smooth functioning of Economic and Monetary Union (EMU) and for the (income) convergence of Central, Eastern and Southeastern European (CESEE) countries. Central bankers, policy-makers and academics discuss how to best advance the catching-up process and look into EU structural and cohesion policies, critically assessing their contribution to economic and social development.
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Bruce A. Blonigen and Thomas J. Prusa

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Bruce A. Blonigen and Thomas J. Prusa

Antidumping trade protection is one of the most frequent and ubiquitous trade policies in the global economy. This review discusses the key reference pieces in the antidumping literature that have critically defined and shaped what we know about this important and unique form of trade protection. The review critically analyzes the literature and discusses its future directions – it is an important research tool not only for new and established scholars in international economics, but also policymakers and legal scholars.
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Bruce A. Blonigen and Thomas J. Prusa

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Bruce A. Blonigen and Thomas J. Prusa

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Alina Mungiu-Pippidi

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Structural Reforms for Growth and Cohesion

Lessons and Challenges for CESEE Countries and a Modern Europe

Edited by Ewald Nowotny, Doris Ritzberger-Grünwald and Helene Schuberth

Effective and well-designed structural reforms are key to shaping Europe’s future in the context of the formidable challenges facing the continent today. This book examines the achievements and failures of past structural policies so that future ones can be adapted to address remaining and newly emerging challenges with greater success. Highlighting the social aspects and distributional effects of reforms that go beyond liberalization and deregulation, the book covers key issues facing future Europe, particularly those arising from technological innovation.
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Roy E. Allen

This chapter provides case studies of the recent US and European financial crises, and shows that China is at risk of a turning point from boom to bust. Also, some new thinking is presented, which explains the continuing occurrence of large-scale financial crises. Key financial variables are shown to be driven more by psychological and social constructs than is commonly understood. Money and wealth can be created, transferred, and destroyed across the global economy independently of the rest of the ‘real’ economy. Also, expanding our understanding of recent crises can be assisted by evolutionary and complex systems approaches, especially ones that privilege the role of interactive knowledge and belief systems. A new political economy of financial crisis is advanced to organize issues and topics related to large-scale financial crises.
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Roy E. Allen

This new edition of Financial Crises and Recession in the Global Economy explores the major financial instabilities and evolutionary trends in the global economy since the 1970s. A learned but accessible book, it is perfect for a broad audience of academics and practitioners but has also been used as a supplementary textbook for courses in international economics, international finance, money and banking, and macroeconomics.