Most regulatory bodies are either powerful or independent. The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are both mdash; at least in theory. This paper argues that in practice, the two boards are less powerful and less independent than...

Remote trading screens allow investors to trade on an exchange without being physically present at the exchange. Europeans have repeatedly urged the United States to facilitate the placement of such screens from European exchanges on American soil. The U.S. Securities and Exchange Commission,...

This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes, and while PTAs are without doubt here to stay, dispensing with a multilateral venue for doing business in trade matters is not a serious option. It is therefore necessary to...

The results of the Fair Trade standardization process, asked by official consumers groups, can be read, at least by two complementary approaches. One can ask, first: “Why social actors have failed and were unable to achieve the consensus for the publication of the Fair Trade official...

The present paper puts forward a method of calculation of Country Risk based on Factor Analysis and applies it to Southern Mediterranean and Central-Eastern European countries. In this work we propose a method for estimating Country Risk using factorial analysis (Factorial Country Risk Index –...

The European Union (EU) has a splendid record concerning enlargement. Judging by the increasing number of EU member countries, enlargement has been the most successful EU policy ever. The economic side of its eastern enlargement is, however, a hybrid bag of effects for the EU’s eastern...

The basic model of the literature on self-enforcing international environmental agreements is a model of autarkic countries. We extend that model by international trade and investigate its impact on the performance of ’Nash’ coalitions and on their stability, in particular, in a general...

This paper discusses the entry of China into the game of foreign finance in Africa. It analyses the scope, destination and sectoral distribution of Chinese financial flows and trade in comparison with Western patterns and trends of aid, foreign direct investment FDI and trade. Chinas foreign aid...

Francúzske prezidentské a parlamentné voľby 2012 zmenili politickú mapu v krajine. Nicolas Sarkozy sa stal len druhým francúzskym prezidentom piatej republiky, ktorému sa nepodarilo obhájiť mandát a podobne ako Valéry Giscard d'Estaing v roku 1981 aj on stratil mandát v prospech...

Vývoj v Iráne po roku 1979 a situácia v regióne postsovietskej Strednej Ázie a prikaspickej oblasti po skončení studenej vojny boli a sú predmetom zvýšeného záujmu medzinárodnej verejnosti. O vysokom destabilizačnom potenciáli, ktorý sa v oblasti nachádza, bolo napísaných...