This new edition covers each of the current issues concerning the development of the EU – for example, enlargement, EMU, security and defence policy, the Treaty of Nice, the European Charter of Fundamental Rights, Justice and Home Affairs and relations with countries outside Europe....

The Politics and Economics of the European Union is a clear, topical and comprehensive introduction to the aims, institutions and policies of the European Union.

The paper derives maximum likelihood parameter estimators for symmetrically correlated Weiner processes observed at discrete intervals. Such processes arise when pricing and determining Value-at-Risk for portfolio derivatives. Cases of driftless and mean-reverting state variables are considered....