Volume 44 · May/June 2009 · Number 3

Editorial

• Impact of the Economic Crisis on Climate Change

Forum

• Common Euro Bonds: Necessary, Wise or to be Avoided?

Articles

• Financial Markets and Exchange-rate Regimes in Transition to EMU

• Of Markets, Products and Prices: The Effects of the Euro on European Firms

• Revenue Windfalls and Expenditure Slippages: Disappointing Implementation of the Reformed Stability and Growth Pact

• The Impact of Banking Behaviour on Monetary Strategy in Europe

• The Reform of the EU Budget: Finding New Own Resources

Economic Trends

• Globalisation, Trade, and Growth: A Macroeconomic Perspective

Index

• HWWI Index of World Market Orices of Commodities