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The Europeans hope that eliminating frictions in U.S.-E.U.
The issue is aggravating longstanding frictions in Europe.
"I can't deny there have been frictions in the working relationships," Mr. Crawford said.
Mr. O'Neill's aggressiveness has led to serious frictions in the Cole bombing case, for example.
Some theories supporting real effects of QE therefore postulate frictions in financial markets such that the private sector cannot completely undo central-bank interventions.
This mix of partner and adversary has caused frictions in recent weeks, with Ms. Aung San Suu Kyi stealing the spotlight during her trips abroad.
"The prize is for work on frictions in markets, which is very important stuff; but Peter, an incredibly profound thinker, has done much, much more.
Brazil's retaliatory fingerprinting of visitors from the United States in response to new American security measures is an indication of longstanding frictions in the relationship.
It sits in a crucible transit location for the insurgency and has for generations been the seat of significant destabilising inter-tribal frictions in Afghan society.
Under conditions of belt-and-pulley power transmission, urban concentration was a means of (1) minimizing the costs of overcoming frictions in transport and communications and (2) maximizing internal economies of scale and external economies of agglomeration.
For Mr Scholes, it is the belief that markets tend to return prices to their efficient equilibrium when they move away from it that gives the EMH its continuing relevance.Economists also began to study "institutional frictions" in markets.
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