This study is essentially an updated version of two earlier texts in this series: Tax Competition in the European Union (ECON 105 of October 1998) and Tax Co-ordination in the European Union (ECON 125 of January 2001). It covers much of the same ground as these studies, but takes into account...

The recent financial crises in Asia, Russia and Latin America have focussed attention on the effectiveness of the world's 'financial architecture'. The freeing of capital movements and the globalisation of markets have boosted economic growth; but also increased instability and systemic risk....

Prospects for the European Union and the Euro Area look sound, but there is a risk of a significant slowdown in the US. Central banks in the European Union should stand ready to offset any deflationary impacts from abroad. The appreciation of the Euro and lower oil prices should help moderate...

The study presents the legal and political framework of the EP's institutional position in the EU's common foreign and security policy and analyses the constitutional role of selected national parliaments in foreign policy.

Die klassische verfassungsrechtliche und politikwissenschaftliche Teilung zwischen gesetzgebender und ausführender Gewalt lässt sich nach Auffassung der empirischen Politikforschung in dieser Reinheit nicht aufrechterhalten, auch wenn sie nach wie vor eine wichtige Säule des gegenwärtigen...

This study looks at the u0080 from a number of different angles. It first examines the theoretical basis for a single currency area in Europe; and then outlines the history of that single currency's creation, from the 'snake' in the 1970s to the introduction of u0080 notes and coins at the...

Everyone believes that they know what an interest rate is. This study, however, examines some of the theoretical and practical complexities: the differences between interest, rent and profit; between nominal and real rates; between long and short rates; and how these interact. It looks, in...

Once the euro is a reality, participating Member States will be unable to alter exchange and interest rates. Nor will there be a large federal budget and significant labour mobility, as in the US. How will they then cope with 'asymmetric shocks' ? This study examines these questions in the light...

In 1992 Nobel Prize-winning economist James Tobin suggested a tax on currency operations 'to throw some sand in the wheels of speculation'. Interest in the proposal has now been re-kindled as governments search for 'a new international financial architecture'. A Tobin Tax would penalise...

Dieser Vermerk wurde für den Initiativbericht u0084Auswirkungen der künftigen Erweiterungen auf die Wirksamkeit der Kohäsionspolitiku0093 angefordert und dient der Auswertung aktueller statistischer Daten. Er enthält verschiedene theoretische Hochrechnungen, so beispielsweise zu den...