The introduction of the Euro has considerably affected the de facto monetary policy autonomy – defined as statistical independence from monetary policy in the key currency areas – in countries outside the European Currency Union. Using a standard open economy framework we argue that de facto...

One of the perennial questions in the scientific study of war is how war affects the economy. The authors examine the influence that the political developments within three war regions had on global financial markets (CAC, Dow Jones, FTSE) from 1990 to 2000. They embed a rational expectation...

We argue that the European currency union (ECU) reduced the de facto monetary policy autonomy of EU countries abstaining from introducing the euro. The large share of imports from euro zone countries renders a close alignment of monetary policy to the interest rate set by the European Central...

To analyze the role of human rights in aid allocation of 21 donor countries. Copyright (c) 2003 by the Southwestern Social Science Association.

While a number of different theoretical models have been advanced to explain why states implement-or, indeed, do not implement-multilateral environmental agreements (MEAs), very little empirical work has been undertaken to validate their predictions. With a view to narrowing this gap, the...

Since its release in the mid-1990s, close to 37 000 facilities have been certified to ISO 14001, the international voluntary standard for environmental management systems. Yet, despite claims that the standard can be readily adapted to very different corporate and geographic settings, its...

It is an important prerequisite of sustainable development that countries are able to raise their environmental standards. Environmentalists are concerned, however, that with enhanced international capital mobility the fear of capital loss might induce countries not to raise standards â a...

This article puts forward a number of arguments why trade openness might promote multilateral environmental cooperation. Most of these arguments are grounded in the substantive self-interest of the trading country. It tests the proposition using a range of proxy variables for general trade...

Economic theorists of international environmental cooperation and regime theorists who focus on the environment ask the same two basic research questions: why does international environmental cooperation emerge in some cases, but not in others, and why is cooperation wide and deep in some cases,...