Volume 46
November/December 2011 · Number 6

Editorial

• On the Necessity of Separating Investment and Commercial Banking

  Adrian Blundell-Wignall

Forum

• Is the Global Economy on the Brink of Recession?

  Klaus Abberger, Dean Baker, Carmen M. Reinhart, Vincent Reinhart, Vanessa Rossi, Justin Yifu Lin

Articles

• Germany’s Debt Brake: Pulling the EU Out of Its Debt Trap?

  Ognian N. Hishow

• Italy’s Fiscal Crisis

  Georg Erber

• Macroeconomic Adjustment: the Baltic States versus Euro Area Crisis Countries

  Axel Lindner

• How Does European Termination Rate Regulation Impact Mobile Operator Performance?

  Edmond Baranes, Laurent Benzoni, Cuong Hung Vuong

Economic Trends

• Current Account Deficits in Greece, Portugal and Spain – Origins and Consequences

  Berthold Busch, Michael Grömling, Jürgen Matthes