Volume 49 · September/October 2014 · Number 5

Editorial

• The Great Devolution of Powers Bazaar

  Steven Blockmans

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Forum

• Energy Policy: European, National, Regional?

  Ralf Boscheck, Jacques de Jong, Christian Egenhofer, Erik Gawel, Paul Lehmann, Teresa Ribera, Andreas Rüdinger, Sebastian Strunz

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Articles

• The Impact of Global Factors on Stock Market Movements in Emerging Market Economies

  Axel Jochem, Stefan Reitz

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• Spain Between Resignation and Hope

  Oliver Bruttel

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• Discretion and Accountability: An Economic Analysis of the ESMA Judgment and the Meroni Doctrine

  Phedon A. Nicolaides, Nadir Preziosi

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• Inequality and Europe 2020

  Francesco Bogliacino

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Letter from America

• Wealthification in the United States and Europe

  Darrell M. West

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