Since its initiation in July 1988 of the agreement on international bank capital adequacy, the Basle Committee of Supervisors has been working on ways to extend it to cover banks' market risks. There has been a dramatic growth in the volume of these risks during recent years. The European...

AbstractOver the past decade, most OECD countries have begun to reform fundamentally their agricultural policies. Some dispute has emerged over the extent to which policy-making at the international level has triggered these reforms. These disputes raise important theoretical questions about how...

Abstract Analyses of European integration processes are still dominated by the dichotomous debate between intergovernmentalism and supranationalism. Sides are often taken in this debate based on very case-specific empirical findings. An analysis of two cases, European telecommunications and...

AbstractThis paper contributes to the ongoing discussion about the scope for autonomous action of supranational organizations in the European Union, focussing on the European Commission. In the literature, the independence of the Commission is frequently questioned, while the relative autonomy...

Abstract Is corporate tax competition a threat to democracy in the EU? The answer dependscrucially on a positive analysis of the effects of tax competition on national policy autonomy.Most analyses focus on direct effects on corporate tax rates and revenues. Wecontend that this focus is too...

Abstract European state aid control, a part of competition policy, typically follows the logic of negative integration. It significantly constrains the potential for Member States to distort competition by reducing their ability to subsidize industry. In addition, this paper argues, ambiguous...

Abstract In the past, economic integration in Europe was largely compatible with the persistence of different national varieties of capitalism. While product market integration intensified competition, member states could build on and foster their respective comparative advantage. To date, this...