The consequences of consolidating EU representation at the IMF Executive Board by regrouping the 27 Member States into two EU constituencies, euro area and non-euro area, are discussed. In particular we contrast voting power as proposed by Penrose-Banzhaf (PBI) and Shapley-Shubik (SSI), and...

This paper analyzes the importance of governance of international organizations (IOs) to Swiss policy making in the field of education. The focus is on the Bologna Process driven by the European Commission, and the 'Programme for International Student Assessment' (PISA) of the Organization for...

The burgeoning literature on informal governance has shed new light on the workings of international organizations and the hidden rules of the game. The common thrust of these studies is that informal governance is the result of an implicit agreement among states that, in order to sustain...

In this paper, I show that the European Union (EU) is less than a state, but more than an international organization. Although it possesses some characteristics of both, the European Union is, I argue, a sui generis project: Although the EU wields extensive influence in some policy areas (such...

In this paper, I discuss whether enlargement has been a successful external policy of the European Union (EU). In particular, I evaluate the policy’s success based on its effects on the policies candidate countries have pursued. I argue that the prospect of entering the European Union has...

This article reviews the European Securities and Markets Authority (ESMA) of the European Union. ESMA performed a role in the regulation and supervision of the securities market. ESMA was created to supervise the financial system to enhance financial markets. In crisis management, ESMA focused...

Статья посвящена проблеме отношений России и Европейского Союза. Одним из путей укрепления международных отношений на современном этапе становится...

In a political structure with several power levels, how should regulatory authority in the area of corporate law be efficiently allocated between the different levels ? This question arises amidst a larger debate over the issue of the organization of governmental action when it takes place in a...

In this article, the universalist economic model of homo ?conomicus put down by the presently dominant economics is considered as making sense mainly in the individualist Anglo-American mental, juridical and ethical universe. Therefore the present crisis of the euro can be understood as the...

This article explores the impact of public policy, technological change, and the development of Internet connectivity in EU members. The analysis illustrates that the results of previous empirical literature on the interplay between regulation, competition, and investment depend on the...