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3341. Russian Financial Crisis Assessment 2: August 25, 1998

Author:
Rado Petkov and Rick Petree
Publication Date:
08-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Since our Aug. 20th report, the situation in Russia has developed dramatically. On Friday (Aug. 21st), the lower house of the Russian parliament (the Duma) overwhelmingly called for Yeltsin's resignation and changes in the government and the leadership of the central bank. The Duma also passed a non-binding resolution demanding nationalization of some banks and restriction of foreign participation in domestic capital markets. In response, the RTS index of leading Russian shares fell 5.56% to 81.76 on negligible trading volume of $4.2 million. Central bank head Dubinin announced plans to activate Russia's precious metals reserves (approximately $5 billion of $15.1 billion total foreign exchange reserves) to support the ruble. On Sunday, Aug. 23rd, in an action anticipated in our Aug. 17th report, Yeltsin dismissed Prime Minister Sergei Kiriyenko and installed in his place Viktor Chernomyrdin.
Topic:
Conflict Prevention, Economics, and Government
Political Geography:
Russia, Europe, and Asia

3342. Russian Financial Crisis Assessment 1: August 20, 1998

Author:
Rado Petkov and Rick Petree
Publication Date:
08-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Russian capital markets were already in what George Soros described as a “financial meltdown in . . . its terminal phase” on August 12th. Since then, capital markets have deteriorated significantly in reaction to measures announced by the Russian Government on Monday, Aug. 17th (summarized in Section II below). IEWS is actively evaluating the nature and extent of the crisis and trying to project its likely course.
Topic:
Conflict Prevention, Economics, and Government
Political Geography:
Russia, Europe, and Asia

3343. Building a Composite Polity: Popular Contention in the European Union

Author:
Sidney Tarrow
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
Institute for European Studies at Cornell University
Abstract:
While much research has focussed on the interest group process growing up around the institutions of European union, far less attention has been given to the contentious forms of politics appearing at the base of the process of European integration. Part of the problem lies in models of integration that either focus on single levels of the European Union — states or supranational entities — or on vertical policy networks and domains. But another important part results from the difficulty of systematically analyzing the reactions of ordinary people to EU directives. This paper both reports on a new, computer-assisted method of studying European contentious politics and draws on a case study of recent industrial conflict to demonstrate how supranational actors, national political elites, domestic social actors and the press are beginning to interact to produce a composite — and contentious — European polity.
Topic:
Government
Political Geography:
Europe

3344. Efficiency of the Welfare State

Author:
Pierre Pestieau and Claudine Gouyette
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Institute for European Studies at Cornell University
Abstract:
In general, when the concepts of efficiency and of welfare state are coupled, one first thinks of the effects of the welfare state, notably including the taxes it implies and the benefits it generates, on the efficiency of the economy. This topic has been widely discussed in recent works. One of the main charges addressed to modern welfare states is, indeed, that they would hurt economic performance and international competitiveness. Another charge just as widespread is that they would be inefficient in the provision of social services, and be responsible for the proliferation of transfer programs that are costly and miss their target populations. This charge is thus different from the first one, though not totally unrelated. It concerns the economic efficiency of the welfare state per se, and this is the topic of this paper.
Topic:
Government and Political Economy

3345. Global Banking

Author:
Tom Barry, Martha Honey, and Christian Weller
Publication Date:
05-1998
Content Type:
Policy Brief
Institution:
Foreign Policy In Focus
Abstract:
International banking activities frequently result in financial instability and serious economic downturns as financial markets become more open and deregulated. Competition from multinational banks has reduced the availability of credit to small- and medium-sized enterprises, to low- and middle-income consumers, and to farmers. While economies experience financial instabilities and declining credit, governments are losing the means to protect their domestic markets.
Topic:
Economics, Government, International Organization, and International Trade and Finance

3346. Ideas, Culture and Political Analysis Workshop

Author:
Thomas Risse, Sarah Mendelson, Neil Fligstein, Jan Kubik, Jeffrey T. Checkel, Consuelo Cruz, Kathleen McNamara, Sheri Berman, Frank Dobbin, Mark Blyth, Ken Pollack, George Steinmetz, Daniel Philpott, Gideon Rose, Martha Finnemore, Kathryn Skikkink, Marie Gottschalk, John Kurt Jacobsen, and Anna Seleny
Publication Date:
05-1998
Content Type:
Working Paper
Institution:
Social Science Research Council
Abstract:
The last decade or so has witnessed a resurgence in scholarship employing ideational and cultural factors in the analysis of political life. This scholarship has addressed political phenomena across a variety of national and international settings, with studies of European politics being particularly well represented. For example, the work of scholars like Peter Hall (1993), Peter Katzenstein (1996), Ronald Inglehart (1997), Robert Putnam (1994) and Daniel Jonah Goldhagen (1995) has improved our understandings of European polities, societies and economies. Yet despite a recent rise in interest, ideational and cultural explanations still meet with skepticism in many quarters of the discipline. Some scholars doubt whether non-material factors like ideas or culture have independent causal effects, and others, who accept that such factors might matter, despair of devising viable ways of analyzing their impact on political life.
Topic:
Conflict Resolution, International Relations, Security, Democratization, Economics, Government, Human Rights, International Cooperation, Nationalism, and Politics
Political Geography:
United States, Middle East, France, and Latin America

3347. Rise and Fall: East–West Synchronicity and Indic Exceptionalism Reexamined

Author:
Christopher Chase-Dunn, Thomas D. Hall, and Susan Manning
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
International Studies Association
Abstract:
All world–systems with at least a chiefdom level of political organization exhibit a pattern of the rise and fall of large polities. Among chiefdoms this pattern has been referred to as "cycling". In state–based systems it is known as the rise and fall of empires. And in the modern system it is called the "power cycle" or the "hegemonic sequence." This paper reexamines the question of synchronicities of rise and fall in systems linked only by very long distance prestige goods trade. Earlier research found that increases and decreases in the territorial sizes of empires and the population sizes of cities were highly correlated in East Asia and West Asia/Mediterranean regions from about 600 BCE to 1500 CE. Though data were somewhat scarce for South Asia, it appeared that Indic civilization did not rise and fall in tandem with the East and the West. In this paper we report an improved test of the synchronicity of empire sizes and the different pattern found in India
Topic:
Government
Political Geography:
South Asia and East Asia

3348. Fearful, but not MAD — Modeling the Security Dilemma of Conventional Conflict

Author:
Erik Melander
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
International Studies Association
Abstract:
This paper presents a simple and straightforward model of the security dilemma in settings in which the parties lack secure second–strike capabilities with weapons of mass destruction. The model includes first–strike advantages and incomplete information as to the antagonist's preference ordering. Imperfect information is used to simulate mutual fear of surprise attack.
Topic:
Security, Foreign Policy, and Government

3349. The Growth Of Civil Society And Citizen Input To Foreign Policymaking: The Case Of Korea

Author:
Tong Whan Park
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
International Studies Association
Abstract:
Though a half century has passed since the creation of a modern nation-state, Korea lags far behind Western European nations in the development of a civil society. It may be due to a number of factors, the most important of which could be the different path to modernization Korea has taken and the forced imposition of the nation-state system on a Confucian social structure. As such, the Seoul government's decision-making in general and foreign policymaking in particular have often lacked sensitivity to what the citizens may think and desire.
Topic:
Foreign Policy and Government
Political Geography:
Israel, Korea, and Western Europe

3350. International Capital Mobility and Monetary Politics in the U.S. Congress, 1960–1997

Author:
J. Lawrence Broz
Publication Date:
10-1998
Content Type:
Working Paper
Institution:
Weatherhead Center for International Affairs, Harvard University
Abstract:
Prevailing approaches to the politics of monetary policy in the United States are based on closed economy assumptions, which is appropriate for analyzing the period before about 1980. However, the opening of U.S. and foreign financial markets since the early 1980s has had a profound effect on domestic monetary policy and domestic monetary politics. The major policy effect is that the transmission channels of monetary policy now include the exchange rate. The major political effect is that the exchange rate has become a focus of concern for well-organized industries in the traded goods sector and, by extension, for Congress. This paper presents statistical evidence showing that the forces driving congressional activity on monetary policy have changed dramatically with the international financial integration of the U.S. economy. Exchange rates, as opposed to interest rates, now largely determine congressional attentiveness to monetary policy and the Federal Reserve.
Topic:
Economics, Government, and International Political Economy
Political Geography:
United States