Through a comparison with dispute resolution procedures in NAFTAÕs Side Agreements, this paper demonstrates that three of the ECJÕs most important decisions Ð Van Gend en Loos, Costa v Enel, and Commission v Luxembourg and Belgium Ð should be understood as combining to reorganize general...

As the ECJÕs two most famous decisions, Van Gend en Loos and Costa v. ENEL, which established the direct effect and supremacy of European law, are commemorated on their fiftieth anniversaries, attention has also turned to another of the ECJÕs early decisions. On 13th November 1964, in...

The member states of the European Union obey the obligations of the European treaties in a manner resembling states or provinces under a federal constitution. Existing explanations for this extraordinary obedience to international law should be rejected because they assume, incorrectly, that...

This paper explores issues arising from the recent published inquiries into aspects of British intelligence assessment procedures on WMD threats. Drawing on the Butler and Hutton inquiries, and on interviews with former officials, it concludes that the process by which the Cabinet Office Joint...

The minimum spanning tree concept from physics is used to study the process of market integration for a large group of national stock market indices. We show how the tree grows over time and describe the dynamics of its various characteristics. Over the period studied, 1997-2006, the tree shows...

USAGE is a 500 industry dynamic computable general equilibrium model of the US economy being developed at Monash University in collaboration with the US International Trade Commission. In common with the MONASH model of Australia, USAGE is designed for four modes of analysis: Historical, where...

We examine the dynamics of idiosyncratic risk, market risk and return correlations in European equity markets using weekly observations from 3515 stocks listed in the 12 Euro area stock markets over the period 1974-2004. Similarly to Campbell, Lettau, Malkiel and Xu (2001), we find a rise in...