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801. A Primer on the Balance Sheet of the Eurosystem

Author:
Daniel Gros
Publication Date:
02-1999
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The ECB has just published the opening balance sheet for the Eurosystem, which is the official name given to the ECB plus the 11 national central banks of the euro zone. All 15 national central banks are part of the ESCB, but the participation of the four outsiders is purely formal. The balance sheet, which is reproduced at the end of this Commentary, reveals two very interesting facts: During 1998, the national central banks of the euro zone increased their holdings of dollar foreign exchange reserves by the equivalent of about 38 bn euro. This means that they de facto intervened consistently to support the dollar during that year. The ECB starts with huge foreign exchange reserves: 237 bn euro plus gold worth 100 bn euro. This is much more than the amount held by the US Federal Reserve and constitutes a major share of the reserves held by all OECD countries.
Topic:
Economics, International Trade and Finance, and Regional Cooperation
Political Geography:
Europe

802. Russian Federal Budget and the Regions

Author:
Alexei Makushkin
Publication Date:
11-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
In the period of the Soviet rule public finances formed the basis of the national economy and, consequently, were the key factor determining the relationship between the Central power and the regions. Beginning with the proclamation of the sovereignty of the Russian Federation in 1 99 1 the role of the Center and the regions changed. The State has reduced its influence on the national economy, largely due to the reduction of the share of the GDP reallocated through the Central budgetary system. In 1 999 the volume of the budgetary reallocated product made only 14- 1 5% of the total. The relationship between the federal budget and the system of the regional finances became very complicated and oblique. The state economic sector has decreased, power has become decentralized in Russia.
Topic:
Security, Economics, and Regional Cooperation
Political Geography:
Russia, Europe, Asia, and Soviet Union

803. Border and Ethnic Disputes in Russia's Western Borderlands: Crises Averted and Postponed

Publication Date:
05-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
The current crisis in and around Yugoslavia demonstrates the importance of ethnicity as a source of tension and armed conflict in post-Cold War Europe. Unsettled ethnic and border issues have been important characteristics of the European security environment after the collapse of the Soviet Union and have been the cause of much tension on the European continent.
Topic:
Ethnic Conflict and Regional Cooperation
Political Geography:
Russia, Europe, Asia, Soviet Union, and Yugoslavia

804. Chemical Weapons Destruction in Russia: Opportunities for Regional Development, Civil Society and Business

Publication Date:
05-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Lack of funding represents the most important factor behind the slow pace of destruction of the 45,000 tons of stockpiled chemical weapons in Russia, already reportedly 2-5 years behind schedule. Further delays of the process will not only endanger the environmental and health situation around the seven storage sites in Russia but may also severely undermine the Chemical Weapons Convention as a whole and thus have serious global implications.
Topic:
Civil Society, Development, and Regional Cooperation
Political Geography:
Russia, Europe, and Asia

805. Building Subregional Relations In and Around the CIS space: Prospects and Challenges

Publication Date:
03-1999
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
The EastWest Institute (EWI) is currently running a one year project (July 1998-July 1999) project entitled 'Boundaries Without Barriers: The Role of Sub-Regional Relations in the Eurasian Space'. This is part of a highly successful research and policy-oriented project on the role of subregional relations in the new Europe that the EWI has been running since 1996. The project identifies emerging patterns of (principally) intergovernmental relations between groups of states within the OSCE space; assesses the contribution these subregional relations make to comprehensive security building; and promotes greater recognition of subregionalism in the policies and practices of wider international organization.
Topic:
Government and Regional Cooperation
Political Geography:
Europe and Asia

806. Westphalia in Europe as West Failure Abroad?: A Comparative Study of the Fate of the Nation-State in Non-Europe

Author:
Imtiaz Hussain
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Conventionally viewing the state as a black box and focusing almost exclusively on its outward orientation, the Westphalia paradigm, I argue, has outlived its purpose and may even be misleading when applied to the more porous and democratic state today. Rather than measure state viability in terms of power balances abroad, three constituent elements extracted from the Westphalia literature are used to evaluate internal state viability instead: the relationship between nation and the state, the capacities of the state itself, and the state within a collectivity. Whereas the first is operationalized in terms of Buzan's four-fold typology, the second focuses on how two forms of internal divisions have been resolved-between city and country interests over policy-making, and between various classes in society through governmental income redistribution programs-while the third evaluates the propensity of the state to delegate loyalties to any supranational entity in the 1990s. Over 160 sovereign countries are pooled into 5 geographical regions for the analysis. The results strengthen the above argument, and generally portray the exceptionalism of West Europe: It is the global hub of established nation states, even though there are more state nations worldwide whose historical emergence accented internal development over external security considerations; viable states, measured in terms of established democracies, urban preponderance over policy making, and welfare redistribution; and transferring loyalties beyond the state.
Topic:
Conflict Resolution, International Organization, and Regional Cooperation
Political Geography:
Europe and Westphalia

807. Modelling a Multi-Ethnic Society

Author:
Dr. Renata Dwan
Publication Date:
06-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Since 1992-93, the Institute for EastWest Studies (IEWS) has been organizing meetings of a 'Strategy Group for Strengthening Cooperation in Central and Eastern Europe'. The Strategy Group brings together representatives of the Central and Eastern European Associates of the European Union and Ukraine (and Western states and neighbouring countries where appropriate) to discuss the security challenges facing the region. The Strategy Group aims to foster the development of cooperative solutions to the problems facing Central and Eastern Europe. Participants in Strategy Group conferences and workshops come from diverse backgrounds, including governmental representatives, politicians, business people, academics and non- governmental representatives.
Topic:
Development and Regional Cooperation
Political Geography:
Europe, Ukraine, Eastern Europe, and Maryland

808. Subregional Relations in the Southern Tier: Prospects for Development

Publication Date:
05-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Doubts were expressed as to the extent one could define the Caucasus and Central Asia as a single region, particularly for the purposes of exploring the potential for subregional cooperation to develop among its constituent states. External considerations (complex relationship between Russia and the states involved; presence of other outside actors; energy transit perspectives; influence of external conflict, i.e. Afghanistan) may point towards consideration of the Southern Tier as one region. However, internal perspectives, geographical, historical, political and cultural, suggest that treating subregionalism separately in the Caucasus and Central Asia might be a more realistic and potentially fruitful approach.
Topic:
Development, Economics, and Regional Cooperation
Political Geography:
New York, Europe, Eurasia, Eastern Europe, and Maryland

809. Subregional Cooperation and the European Union

Author:
Dr. Renata Dwan
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Since 1992-93, the Institute for EastWest Studies (IEWS) has been organizing meetings of a 'Strategy Group for Strengthening Cooperation in Central and Eastern Europe'. The Strategy Group brings together representatives of the Central and Eastern European Associates of the European Union and Ukraine (and Western states and neighbouring countries where appropriate) to discuss the security challenges facing the region. The Strategy Group aims to foster the development of cooperative solutions to the problems facing Central and Eastern Europe. Participants in Strategy Group conferences and workshops come from diverse backgrounds, including governmental representatives, politicians, business people, academics and non- governmental representatives.
Topic:
International Organization and Regional Cooperation
Political Geography:
Europe and Ukraine

810. Surveying Subregional Relations In and Around the CIS Space

Publication Date:
12-1998
Content Type:
Working Paper
Institution:
EastWest Institute
Abstract:
Signs of emerging alignments between groups of states in and around the CIS space are have become more notable in recent years. The development of subregional relations is an inevitable consequence of the geographical, political and economic changes brought about by the disintegration of the USSR.
Topic:
Security, Government, and Regional Cooperation
Political Geography:
Europe