Suchergebnisse

This paper examines the impact of European Integration in the context of globalization on correlations between stock market returns. Furthermore, it looks at the impact of globalization in periods of crisis on stock market correlations of developed nations of Europe, US and Japan. The methodology used is a simple calculation framework based on the correlation coefficient. The results show that stock market integration in Europe has increased substantially in recent years though it is not yet complete. Moreover, stock markets correlation between Europe,Japan and the US is stronger than ever and is likely to continue to grow. This is more noticeable for the NIKKEI index which recently is very clearly affected by the movement in other major markets. Equity portfolios on developed countries cannot be constructed on the basis of a country allocation strategy anymore. ; peer-reviewed

Defence date: 7 June 2008 ; Examining Board: Tanja Boerzel (Free Univ. Berlin), Maurizio Ferrera (Univ. Milano), Adrienne Héritier (EUI/RSCAS), Martin Rhodes (Denver Univ./former EUI) ; This thesis aims to understand how the Open Method of Co-ordination (OMC) has developed at the European level and to explore how, and with what effect, it has influenced the EU Member States. My cases are policy areas, which have been selected on the basis of their salience in Member States. The case of high salience is employment policy and the case of low salience is anti-poverty policy. Regarding the European level, the thesis seeks to identify the main causal factors that determine the development of the OMC. I use an adapted version of the Principal-Agent framework, where the Member States represent the Principal(s) and the European Commission represents the Agent. While most existing literature analyses the OMC at one moment in time, I analyse how the OMC develops through time, where I distinguish between emergence, when it has not been fully established, and evolution, when it has been fully established as a policy coordination instrument. I develop two hypotheses to test Commission-Member State interaction during OMC development during emergence and evolution and two to test if their interaction differs in cases of high and low saliency. My findings show that the Commission has a greater influence during the emergence of the OMC and that the Member States have more influence during the evolution of the OMC. The saliency of a policy issue only minimally influences Member State and Commission interaction in the two cases. For the national level, the thesis seeks to shed some light on how and the extent to which the OMC has been integrated into the domestic contexts of (14) EU Member States. The endeavour is first to draw some general conclusions about how governmental and non-governmental actors in Member States use the OMC. My findings show that it has mainly been used as a policy reporting instrument, but has in some cases also been used for policy development. The aim is secondly to assess the extent to which the general objectives of the OMC have been achieved. My findings show that it does not define core reform programmes in Member States, which is hardly surprising, since the OMC is a soft policy instrument.

The financial crisis has led to a far-reaching redesign of the European regulatory and supervisory framework for financial markets. This book provides students and professionals with a lucid guide to the new regulations and the policy context that led to the changes.

This article is devoted to investigation of the matter of perspectives on implementing European principles of public administration functioning in Ukraine. The relevance of research of this subject is related with the fact that the principles of public administration activity is the foundation, on which activity of all subjects of public administration in Ukraine are built. The article contains performed analysis of European Union rules of Law, as well provisions of current law of Ukraine on this matter. ; peer-reviewed

Purpose: Sustainable, inclusive progress, accompanied by income growth along with higher opportunities, quality of life, and environmental security, should be recognized as the key goal of any society. Moreover, development must necessarily include quality indicators, which reflect the compliance of the created economic environment with people's expectations. Therefore the aim of this research is to create a comprehensive index that combines quantitative and qualitative development indicators and identifies areas that need further attention and research. Design/Methodology/Approach: Unlike commonly accepted method of element by element development assessment, the method for calculating integrated development index for the EU member-states during 2016-2017s has been proposed in the article as well as the scenario forecasting up to 2020. The study is aimed at a hypothesis testing as: despite high income level, the country may experience low life satisfaction. Findings: Based on the analysis, it has been determined that countries with highest rates of human development occupy lower ranks according to the satisfaction with life index. Our comprehensive development index, which integrates human development index, the satisfaction with life and environmental performance index, has allowed us to identify countries that have balanced development of their economic-human-ecological systems. Practical Implications: Trend of decreasing value of the comprehensive development index of almost all EU member countries due to the reduction of their integrate indicators raise doubts. This may mean that EU member states' development will have slower, and subsequently negative dynamics. The results of scenario forecasting have confirmed it, without changing the priority from quantitative indicators to qualitative ones. Originality/Value: The study proves the need to take into account both objective and subjective development indicators in order to improve them and reach the overall goals of the EU. This will strengthen EU's international status ; peer-reviewed

Critical infrastructures (include the body of systems, networks, and assets that are so essential that their continued operation is required to ensure the security of a given nation, its economy, and the public's health and/or safety) are significant for the growth and development of our society, drastically affecting most of the everyday activities as the components of the critical infrastructures are increasingly vulnerable to a dangerous mix of traditional and nontraditional types of threats. Taking into account a significant role of Critical Infrastructure in national and international security maintenance, the article analyses and interprets the policy pillars of Critical Infrastructure concepts in the European Union, NATO as well as in G7 Countries. Particular attention is paid to determining the functional purpose, approaches to the classification of the main components of critical infrastructure (structural content) and characteristics of them. At the end of this article there is suggested a generalized view regarding to the essence of Critical Infrastructure, as well as attention is drawn to the fact that the adopted approaches generally take into account that Critical Infrastructure now rarely exist or function in isolation, rather, they are becoming more tightly coupled, interconnected and interacted that creates a complex multisystem - a system-of-systems. ; Critical infrastructures (include the body of systems, networks, and assets that are so essential that their continued operation is required to ensure the security of a given nation, its economy, and the public's health and/or safety) are significant for the growth and development of our society, drastically affecting most of the everyday activities as the components of the critical infrastructures are increasingly vulnerable to a dangerous mix of traditional and nontraditional types of threats. Taking into account a significant role of Critical Infrastructure in national and international security maintenance, the article analyses and interprets ...

This book provides an analysis of the enlargement of the European Union. Drawing upon such diverse fields as history, sociology, political science and international relations.

The chapter analyses the views expressed by the EP political groups on the future of Europe, taken specifically in the context of the Juncker Commission's White Paper, as well as in the wider sense of their ideological views on the type of 'Europe' they envisage. The chapter focuses on the EP groups to be found in the 2014–19 legislature due to the fact that the principal debate on the future of Europe happened during this period. The chapter focuses on three resolutions adopted in 2017 as well as the EP's reaction to the white paper, and outlines the support for and against 'more' Europe. The chapter concludes by affirming that the largest EP groups remain largely in favour of 'more' Europe but that the EP elections of 2019 may result in a parliament less united on the call for greater integration. ; peer-reviewed

This paper evaluates reforms in the structure of intergovernmental relations in Eastern Europe since the breakup of the Soviet Union, focusing on eight recent EU accession countries: the Czech Republic, Estonia, Hungary Latvia, Lithuania, Poland, Slovakia, and Slovenia. It reviews each country's response to the economic and political upheavals of the immediate post-Soviet era and their gradual convergence on a common "eastern European model" of intergovernmental relations.