Titlebook: Economic Globalization and Governance; Essays in Honor of J Luís Brites Pereira,Maria Eugénia Mata,Miguel Roch Book 2021 Springer Nature Sw

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NOCT

William W. Cohen,Charles K. Cohen between Portugal and Rothschild that was not tied. By discussing what was not and what might have been, the story offers ways to reflect on what Portugal came to be. On September 27, 1823, the Portuguese Minister of Finance signed a loan contract with B. A. Goldschmidt. I follow this contract and t

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A Conceptual History of Psychophysicsi.e., limits on the fiscal prerogatives of the state, emerged. In Portugal, this manifested itself as a monetary constitution that prevented the use of the kings’ minting rights and a hidden tax, namely the 1261 ., which was presented as a contract. It was a genuine monetary constitution insofar as

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Matrimony

Introduction to Stochastic Processes,tem between 1971 and 1973 was rising US inflation since 1965. It was driven in turn by expansionary fiscal and monetary policies—the elephant in the room. What was kept in the background at the Camp David meeting on August 15, 1971 (when President Richard Nixon closed the US gold window, as well as

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CLAP

https://doi.org/10.1007/978-981-97-4974-4 is the absence of a centralized macroeconomic stabilization function to deal with possible asymmetrical shocks, in addition to the common monetary policy. Indeed, the EMU remains highly vulnerable to shocks without some fiscal risk sharing. To be sure, a centralized fiscal stabilization implies a c

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https://doi.org/10.1007/978-3-031-73596-7a high degree of fiscal discipline. After reviewing the development of the EMU fiscal framework, we argue that transfers dealing with asymmetric shocks are less important than commonly argued. Fiscal discipline is the critical issue. Three stark alternatives exist, a fiscal union, a debt union with

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How Climate Change Impacts Mountainsimits. Drawing on the lessons of the Eurozone crisis and of Brexit, this chapter argues that (treaty-based) variable geometry or differentiated integration in the core European Union (EU) institutions—especially economic and monetary union (EMU)—is not sustainable. EMU has in the meantime become the

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