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Vom gemeinsamen Markt zur europäischen Unionsbildung: 50 Jahre Römische Verträge ; 1957 - 2007
In: Historische Forschungen
In: Veröffentlichungen 5
World Affairs Online
Gender and migration in 21st century Europe
In: Law and migration
Offers empirically-grounded insights into various issues surrounding gender and migration into and within Europe. This work presents a comprehensive and critical overview of the historical, legal, policy and cultural framework underpinning different types of European migration.
Learning for development
In: Development matters
This text examines learning processes and how they contribute to development. Explaining theories of learning and social learning, it describes the many difficulties individuals and organisations encounter in bringing about change for development.
World Affairs Online
Carbon sinks and climate change: forests in the fight against global warming
In: Advances in ecological economics
"Reforestation and avoiding deforestation are methods of harnessing nature to tackle global warming - the greatest challenge facing humankind. In this book, Colin Hunt deals comprehensively with the present and future role of forests in climate change policy and practice. The author provides signposts for the way ahead in climate change policy and offers practical examples of forestry's role in climate change mitigation in both developed and tropical developing countries. Chapters on measuring carbon in plantations, their biodiversity benefits and potential for biofuel production complement the analysis. He also discusses the potential for forestry in climate change policy in the United States and other countries where policies to limit greenhouse gas emissions have been foreshadowed. The author employs scientific and socio-economic analysis and lays bare the complexity of forestry markets. A review of the workings of carbon markets, based both on the Kyoto Protocol and voluntary participation, provides a foundation from which to explore forestry's role. Emphasis is placed on acknowledging how forests' idiosyncrasies affect the design of markets for sequestered carbon. The realization of forestry's potential in developed countries depends on the depth of cuts in greenhouse gas emissions, together with in-country rules on forestry. An increase in funding for carbon retention in tropical forests is an immediate imperative, but complexities dictate that the sources of finance will likely be dedicated funds rather than carbon markets."--Back cover
Energy security: Europe's new foreign policy challenge
In: Routledge advances in European politics, 53
This book charts the EU?s response to the challenge of energy security with a focus on the foreign policy dimensions and examines how the EU?s approach to energy security is played out in different producer countries and regions.
Debating climate change: pathways through argument to agreement
In: Science in society series
As greenhouse gas emissions continue unabated and contentious voices fill the air, the question gains urgency: How can people with widely varying viewpoints agree to address climate change? Each participant in the debate seems to have a different agenda, from protecting economic growth in developing countries to protecting the energy industry in industrialized countries, from those aghast at the damage done to the Earth to optimists who think we just need to adjust our technological approach. Debating Climate Change sorts through the tangle of arguments surrounding climate change to find paths.
World Affairs Online
Price discovery on traded inflation expectations: does the financial crisis matter?
We analyze contributions of different markets to price discovery on traded inflation expectations and how it changed during the financial crisis. The quicker information is processed on one market and the less one market is disrupted by the financial crisis the more valuable is its information for central banks and market participants. We use a new high frequency data set on inflation-indexed and nominal government bonds as well as inflation swaps to calculate information shares of break-even inflation rates in the euro area and the US. For maturities up to 5 years new information comes from both the swap and the bond markets. For longer maturities the swap market provides less and less information in the euro area. In the US where the market volume of inflation-linked bonds is large the bond market dominates the price discovery process for all maturities. The severe financial crisis that spread out in Autumn 2008 drove a wedge between bond and swap break-even inflation rates in both currencies. Price discovery ceased to take place on the swap market. Disruptions coming from the short-end of the market even separated price formation on both segments for maturities of up to 6 years in the US. Against the backdrop of the most severe financial crisis in decades contributions to price formation concentrated a lot more on the presumably safest financial instrument: government bonds.
BASE
FDI by early movers, followers and latecomers: timing of entry by German firms during transition in the Czech Republic
Theoretical considerations suggest that the option of waiting under conditions of uncertainty affects the relative importance of firm-level productivity and distance-related transaction costs as driving forces of FDI. Yet the timing of FDI has received little attention in the empirical literature on FDI determinants. To help close this gap we analyze FDI decisions by German firms with and without affiliates in the Czech Republic at different stages of transition. We find that FDI entry strongly depends on firm productivity immediately after the political and economic regime change, but less so with diminishing uncertainty. Likewise, distance-related transaction costs discourage FDI by latecomers considerably less than FDI by early movers.
BASE
Asabiyya: re-interpreting value change in globalized societies
This article reflects the renewed interest of economics and the social science discipline in value systems and religion. The World Values Survey provided a data framework of global value change, whose quantitative results led Barro (2004) to analyze the connections between some dimensions of recent sociological religious value research with economic growth. The present essay starts from this methodological position, and links value systems with economic performance in a much wider and macrosociological framework. We further develop the well-known Inglehart and Welzel (2003) map of global values, and develop the idea of Asabiyya (social cohesion), as a counter-model to both Barro and Inglehart and Welzel approaches. A frequently asked question is whether modernization without spiritual values in a globalized world economy and world society possible in the long run? Starting from principal component analysis, it is shown that rather two factors are decisive in understanding global value change: a continuum of traditional versus secular, and a continuum cheating versus active society. Asabiyya in the 21st Century, as a way out from the modernization trap of societies, characterized by large-scale social anomaly, is a high secularism combined with a high active society score, thus avoiding the modernization trap. We show that economic growth in the current world crisis is far more connected with these dimensions. We conclude that not a society based on fear is needed in the first place, but an active society of volunteer social work.
BASE
The East European financial crisis
This paper discusses the global financial crisis of 2008/9 in thirteen countries, the ten new EU members that previously were communist and the three countries of Western former Soviet Union. Their problems were excessive current account deficits and private foreign debt, currency mismatches, and high inflation, while public finances were in good shape. The dominant cause was fixed exchange rates. Many lessons can be drawn from this crisis. A dollar peg makes no sense in this part of the world. The five currency boards in the region have lacked credibility. By contrast, inflation targeting has worked eminently. The euro has proven credible both in the countries that officially adopted it and in the countries that adopted it unilaterally. With the exception of Hungary, all the countries in the region have displayed decent fiscal policies. No government should accept large domestic loans in foreign currency and they can be regulated away. The IMF has successfully returned to the original Washington consensus with relatively few conditions: a reasonable budget balance and a realistic exchange rate policy, while focusing more on bank restructuring. The most controversial issue is the role of the ECB. The ECB should facilitate the accession of willing EU members to the euro by relaxing the ERM II conditions.
BASE