Volume 45 · July/August 2010 · Number 4

Editorial

• Will the Stress Tests for Banks Improve the Stability of Financial Markets?

Articles

• “An Ungovernable Anarchy”: The United States’ Response to Depression and Default, 1837-1848

• A New Framework for Fiscal Policy Consolidation in Europe

• Cutting Wages and Employment in the Public Sector: Smarter Fiscal Consolidation Strategies Needed

• Boom and Bust in the Baltic Countries – Lessons to be Learnt

• Trade in Healthcare and Health Insurance Services: WTO/GATS as a Supporting Actor (?)

• Municipalities and Regions in Locational Competition – New Economic Considerations

• Revisiting the ACP-EU Economic Partnership Agreements – The Role of Complementary Trade and Investment Policies

Economic Trends

• Risks of Deflation versus Risks of Excessive Inflation in Europe