This volume presents contributions on several hotly-debated issues of international economics: the transmission of exchange rate shocks into internal prices, the deflationary effects of
devaluations, the country-specific determinants of intra-industry trade, and the impact of globalization on the integration of European capital markets. Calibrations of Dynamic General
Equilibrium models quantify two by-products of EU integration: the productive efficiency losses generated by fiscal harmonization and the impact of technological changes on productive growth
during the period 2005-2010. (Series: New Developments in Economic Research - Vol. 5)
