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The Allocation of Power in the Enlarged ECB Governing Council
This study analyses the allocation of power in the Governing Council of the European Central Bank (ECB) as it enlarges to accommodate new members of the economic and monetary union. For this purpose, classical power indices that have their origin in solutions of cooperative games are applied. First, an assessment is made of the effects of enlargement on the voting power of different subgroups of the Governing Council that arise in the wake of the continuous accession process. Second, a systematic comparison is carried out of the status quo role ('one member, one vote') with respect to the voting power of the ECB Executive Board and to the representativeness of European monetary policy, along with the potential for its re-nationalisation.
The Allocation of Power in the Enlarged ECB Governing Council
This study analyses the allocation of power in the Governing Council of the European Central Bank (ECB) as it enlarges to accommodate new members of the economic and monetary union. For this purpose, two classical power indices that have their origin in solutions to co-operative games are applied. First, an assessment is made of the effects of enlargement on the voting power of different subgroups of the Governing Council that arise in the wake of the continuous accession process. Second, a systematic comparison is carried out to the status quo rule ('one member, one vote') with respect to the voting power of the ECB Executive Board and to the representativeness of European monetary policy, along with the potential for its renationalization.
Rethinking the EU Regulatory Strategy for the Internal Energy Market
A key message of this report is that full and effective implementation of proposed legislation will be necessary to ensure a true internal market for energy in the EU, but this alone will not be sufficient. In parallel, more attention must be paid to other, less-prominent fields. The report singles out i) the introduction of incentive-based network regulation and ii) the careful design of principal elements of the wholesale market, i.e. trade of electricity and gas for resale ("wholesale market design and rules"). Moreover, the internal market needs to be buttressed with the consistent application of competition rules across member states to avoid the creation of national champions. The report also argues that a functioning electricity and gas market depends on market-compatible solutions to security of supply and environmental issues and a rethinking of "executive agencies", whose use to date is inhibited by the Meroni doctrine.
EMU at Risk
"This is the seventh annual report issued by the CEPS Macroeconomic Policy Group since it was reconstituted at the start of economic and monetary union in 1999. This distinguished group of economists argues that a combination of slow growth, inadequate policy responses and newly emerging intra-area divergences are putting EMU at risk. Against this background, the MPG recommends that the ECB should downgrade its short-term concern about cyclical economic developments and pursue a monetary policy aimed at preserving the value of the euro in the long-term. Moreover, it urges the core countries to urgently return to fiscal discipline, both in their own interest and to set an example that would allow them to exert pressure on potential soft currency countries to do the same."--CEPS website.
Polish Music
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Political science in motion
What are the main trends in contemporary political science research? This book examines recent developments in political science research. What are the new influences to which the discipline opens itself up? Is political science research converging towards a single model or splitting into different streams? What are the new challenges at the beginning of the 21st century? This collection of essays discusses three interrelated topics: the relationship between political science and the problems of politics, the relationship between political science and other fields of research, and the transformation of the profession. EXTRACT The past, the present and the future of political science have alw...
Więcej niż muzeum
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The Governance of Global Competition
Employs the economics of federalism to create an analytical framework which can be used for comparative analysis of stylised competence allocation rules. This book offers a perspective on international competition policy. It is suitable for economists, legal scientists and competition authorities.
The Dickensian
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Regeln und Verfahren der Entscheidungsfindung innerhalb von Staaten und Staatenverbindungen
Wie welche Entscheidungen von wem nach welchen Regeln und Verfahren in Kollegialorganen von Staaten und Staatenverbindungen zu treffen sind, ist eine sowohl für die Rechtswissenschaft als auch die Politik- und Wirtschaftswissenschaften zentrale Frage. Sie ist trotz ihrer enormen Bedeutung bisher im öffentlichen Recht nicht umfassend untersucht. Diese Lücke will die Autorin u.a. durch die Typisierung und systematische Ordnung von Entscheidungsregeln und -verfahren auf Grundlage einer einheitlichen Terminologie schließen.
