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.

The paper is an analysis of recent academic literature and of EP reports on the White Paper on European Governance, recently published by the Commission.

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...

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...