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Begin New Search Topic International Organization Political Geography Europe Content Type Policy Brief

31. The External Policy of the Euro Area: Organizing for Foreign Exchange Intervention

Author:
C. Randall Henning
Publication Date:
06-2006
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Scholarship on European integration has extensively debated the external character of the monetary union. The institutions of exchange rate policymaking bear substantially on the euro area's role in international monetary conflict and cooperation. This working paper examines the institutional arrangements for foreign exchange intervention within the euro area and the policymaking surrounding the market operations of autumn 2000—the only case to date of euro area intervention in currency markets. Drawing on interviews of officials in finance ministries, central banks, European institutions, and international organizations, as well as public sources, the paper specifies the division of labor among the European Central Bank (ECB), Euro group, and other European actors and compares that arrangement with corresponding arrangements in the G-7 partners. It concludes, among other things, that (1) the interinstitutional understanding within the euro area gives substantial latitude to the ECB, greater latitude than held by central banks in its G-7 partners, (2) but the understanding is susceptible to renegotiation over time, and (3) economic divergence within the euro area potentially threatens the ability of the monetary union to act coherently externally.
Topic:
Economics, International Organization, and Political Economy
Political Geography:
Europe

32. Offshoring in Europe-Evidence of a Two-Way Street from Denmark

Author:
Nicolai Laugesen, Jacob Kirkegaard, and Peter Jensen
Publication Date:
06-2006
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Based on a large Danish survey of companies in tradable goods and services sectors, this working paper presents the results of offshoring and its impact on jobs, adding new perspectives to the globalization debate. Globalization entails a cross-border flow of jobs, but contrary to the mainstream media portrayal of globalization, it is not a one-way but a two-way street. In 2002–05 more jobs were created as a result of offshoring of activities into eastern Denmark from companies outside Denmark (i.e., inshored to Denmark) than were eliminated due to off shoring from companies in the Danish region. Overall, the employment effects of both off shoring and in shoring were found to be limited to less than 1 percent of all jobs either lost to offshoring or gained via inshoring. For Denmark, the worries in purely numerical terms regarding the employment effects of globalization seem overly alarmist. However, the trends revealed in the study do pose challenges for low-skilled workers—the group most negatively affected—and for highly skilled specialists, who face pressure to constantly upgrade their skills. Policy implications can be drawn in view of our results to ensure that labor markets are able to meet the demands of globalizing firms.
Topic:
Economics, International Organization, and Political Economy
Political Geography:
Europe

33. Bridging the Public Security Gap: The Role of the Center of Excellence for Stability Police Units (CoESPU) in Contemporary Peace Operations

Author:
Colonel Christine Stark and Michael Dziedzic
Publication Date:
06-2006
Content Type:
Policy Brief
Institution:
United States Institute of Peace
Abstract:
International policing has undergone a profound transformation as a result of the introduction and widespread use of stability police units (SPUs). Since their initial deployment by NATO in Bosnia in 1998, demand for this heavy-duty policing capability has expanded to the point that SPUs now constitute almost half of international police personnel. This growth has been most dramatic in United Nations' missions. As of November 2005, the number of Formed Police Units (FPUs) fielded by the UN stood at 27, accounting for 3105 of its total of 7160 police personnel.
Topic:
International Relations, Security, International Organization, and Peace Studies
Political Geography:
Europe and Bosnia

34. The Real Budget Battle: Une crise peut en cacher une autre

Author:
Richard E. Baldwin
Publication Date:
06-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The failure to reach a budget deal at the June summit may prove a blessing in disguise. The spectacular failure of the European Council to agree the last-minute compromise on the 2007-2013 Financial Perspective generated massively negative media coverage. In the short run, it will create huge difficulties for the EU, but things might have been even worse had they agreed.
Topic:
Economics, International Organization, and Treaties and Agreements
Political Geography:
Europe

35. What Could be Saved from the European Constitution if Ratification Fails? The Problems with a 'Plan B'

Author:
Sebastian Kurpas
Publication Date:
05-2005
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The pressure is on for the defenders of the European Constitution. Although initially it seemed as if referenda would only be problematic in countries that have a reputation for a certain degree of Euroscepticism, now even France and the Netherlands look like unsafe candidates for public approval. While there is still a fair chance that a majority of the French will vote 'yes' when actually at the ballot box, there is an understandable nervousness among prointegrationists. A French 'no' would be the most serious obstacle that any one member state among those holding a referendum could create. In the likely case that other member states besides France then reject the text – possibly for entirely different or even opposing reasons – it would become extremely difficult to 'save' the Constitution in its entirety.
Topic:
Government, International Organization, and Regional Cooperation
Political Geography:
Europe

36. Economic Survey of the Netherlands, 2004

Publication Date:
05-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The economic downturn in the Netherlands, like the boom that preceded it, has been more marked than in most other European countries. This is partly attributable to greater exposure to international trade, especially with the US, and to greater sensitivity to international stock price movements. But there are also some structural policies – pension fund regulation, housing and wage setting institutions – that have undermined economic efficiency and contributed to the amplitude of the cycle. Furthermore there has been a marked deterioration in public finances, part of which is structural. Longer term growth trends too are unfavourable. In view of these developments, the main challenges are to reform those policies that have reduced efficiency and increased volatility, put public finances on a sustainable path, and, most importantly, increase trend growth by increasing both employment and productivity.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy
Political Geography:
Europe and Netherlands

37. Institutionalising the Wider Europe

Author:
Michael Emerson
Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The Wider Europe has become a prominent feature in European foreign policy discourse. The EU's first policy documents on this subject, however, have been thin in substance, mainly seeking to develop more active bilateral relations with countries such as Ukraine and Moldova. At the same time, however, the EU is discussing bilaterally just with Russia a set of common European policy spaces that should be at the heart of a Wider Europe policy. This paper argues that the EU should adopt a systematic approach to defining a complete set of seven common European policy spaces, with multilateral institutional developments to match, thus bringing together the bilateral and multilateral approaches. The overarching institutional mechanism should be through transforming the present very weak 'European Conference' into a seriously structured 'Pan-European Conference', led by a Coordinating Group consisting of the EU, Russia and a few other rotating places for non-EU states, with institutionalised linkages to the Council of Europe and other European multilateral organisations for the specific common policy spaces.
Topic:
International Organization and Regional Cooperation
Political Geography:
Europe and Eastern Europe

38. Reform of Corporate Governance in the EU

Author:
Karel Lannoo and Arman Khachaturyan
Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
This Policy Brief criticis es the European Commission's proposal to mandate compliance with a local corporate governance code and to set minimum criteria for these codes. It argues that the European Commission missed an opportunity to set a European corporate governance code in the mid -1990s, and that much of the proposals are simply reactive to events and new legislation in the US. Europe should have highlighted the strength of its diversity, and emphasised that the basic elements of corporate governance are better controlled in the EU than t hey are in the US, rather than embarking on a complex harmonisation exercise.
Topic:
Government, Human Rights, and International Organization
Political Geography:
Europe

39. Decision-Making and the Constitutional Treaty: Will the IGC discard Giscard?

Author:
Richard Baldwin and Mika Widgren
Publication Date:
08-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The EU's draft Constitutional Treaty proposes the most radical reform of EU institutions ever put forward - more radical than those in the Single European Act, the Maastricht and Nice Treaties combined. Many of the changes have been debated, but little notice has been paid to what is perhaps the most critical reform: the change in the EU's decision-making procedures.
Topic:
Government, Human Rights, and International Organization
Political Geography:
Europe

40. Where is the transatlantic divide in public opinion on climate change issues? Evidence for 1989-2002

Author:
Thomas L. Brewer
Publication Date:
07-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
This paper is based on an analysis of the results of more than 40 public opinion surveys taken during the period from 1989 through 2002; special attention is given to surveys taken during 2000-02. The analysis concludes that approximately two-fifths of the public are seriously concerned about global warming. Another two-fifths are moderately concerned; shifts in the opinions of this moderately concerned group would likely alter the future course of government policies. The other one-fifth of the public does not consider global warming much of a problem, does not worry about it very much or not at all, and does not believe that carbon dioxide emissions are a cause of it. A substantial majority of the US public wants the government to do something about the problem of global warming, and they would like the US to participate in the Kyoto Protocol. Most respondents prefer mandatory rather than voluntary emission reductions by industry. A majority of the public supports US economic assistance to fund mitigation projects in developing countries. Gaps between the US public and US leaders are evident, with the public exhibiting more concern and more support for new policies. The level of US public concern is nearly as high as it is among European publics, where there is also opposition to current US policy.
Topic:
Government, Human Rights, and International Organization
Political Geography:
Europe