Why should governments delegate decision-making authority over territorial issues to an international institution? This study argues that governments are motivated to reach territorial solutions to reduce the opportunity costs associated with a festering dispute. The evidence suggests that...

Territorial disputes between governments generate a significant amount of uncertainty for economic actors. Settled boundary agreements produce benefits to economic agents on both sides of the border. These qualities of borders are missed both by realists, who view territorial conflicts in overly...

Over the last decade, international regimes have become a major focus of empirical research and theoretical debate within international relations. This article provides a critical review of this literature. We survey contending definitions of regimes and suggest dimensions along which regimes...

Central bank independence is associated with restrictive monetary choices that can be deflationary within fixed exchange-rate regimes. Because central banks act to counteract domestic inflation, they put a premium on domestic price stability at the expense of international monetary stability....

This paper examines the relationship between the wealth and power of states and their ability to participate fully within the World Trade Organization's system of dispute resolution. Two alternative hypotheses are considered. The power hypothesis predicts that politically weak countries will...

The internationalization and globalization of capital markets greatly complicates the tasks of national financial regulators. It is becoming increasingly difficult, if not impossible, to regulate the activities of banking and securities firms and the broad range of transactions in which they...