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611. Serbia After Djindjic: Can Invigorated Reforms Be Sustained?

Author:
Vladimir Matic
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
Public International Law Policy Group
Abstract:
The assassinated prime minister of Serbia, Zoran Djindjic, appears to have won in death much of what he could not achieve in life. His concept of Serbia's way out of the domestic political and economic crisis through reform and membership in a democratic Europe has prevailed over one representing the past; Serbia is finally open to cooperation with the world. But the national consensus he was dreaming about does not yet exist. The prevalence and reach of networks of organized crime and corruption limit prospects for significant further structural change and more serious consolidation of the rule of law. The Serbian people have put aside for the moment their infatuation with radical nationalism rather than exorcising it from their society and intellectual culture. The success of such reform as has been implemented is far from secured. For the time being the joint efforts of the leading pro-democratization parties of Serbia and Montenegro have brought about the beginning of long-postponed changes in the army and initiated far-reaching reforms. This allows continuation of reforms in Serbian services and strengthening of the basic institutions of democracy. If continued, expanded and intensified, this course will take both Serbia and Montenegro irrespective of the final destiny of their Union closer to democracy and to the European Union and the United States.
Topic:
Democratization, Government, and Politics
Political Geography:
United States, Europe, and Serbia

612. The High-Frequency Response of Exchange Rates and Interest Rates to Macroeconomic Announcements

Author:
John H. Rogers, Jonathan H. Wright, Jon Faust, and Shing-Yi B. Wang
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Many recent papers have studied movements in stock, bond, and currency prices over short windows of time around macro announcements. This paper adds to the announcement effects literature in two ways. First, we study the joint announcement effects across a broad range of assets--exchange rates and U.S. and foreign term structures. In order to evaluate whether the joint effects can be reconciled with conventional theory, we interpret the joint movements in light of uncovered interest rate parity or changes in risk premia. For several real macro announcements, we find that a stronger than expected release appreciates the dollar today, but that it must either (i) lower the relative risk premium for holding foreign currency rather than dollars, or (ii) imply considerable future expected dollar depreciation. The latter implies an overshooting behavior akin to that described by Dornbusch (1976). Second, we use a longer span of high frequency data than has been common in announcement work. A longer span of high frequency data contributes to the precision of our estimates and allows us to explore the possibility that the effects of macro surprises on asset prices have varied over time. We find evidence, for example, that PPI releases had a larger effect on U.S. interest rates before about 1992 than subsequently.
Topic:
International Relations, Economics, Government, and International Trade and Finance
Political Geography:
United States

613. Executive Leadership and the Role of “Veto Players” in the United States and Germany

Author:
Ludger Helms
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
In recent comparative works on the constitutional structures of contemporary liberal democracies, the United States and Germany have been grouped together as examples of democratic systems with an exceptionally high degree of “institutional pluralism”. In other typologies both countries have even been classified as “semisovereign democracies”. Whereas such classifications are of some use, especially in the field of public policy research, they fail to pay reasonable attention to the fundamental difference between parliamentary and presidential government that dominated the older literature on comparative political systems. As the comparative assessments offered in this paper suggest, the difference between parliamentary government and presidential government does not only constitute very different conditions of executive leadership in the core executive territory and at the level of executive-legislative relations, but has also a strong impact on the role and performance of the various “veto players” that characterize the political systems of the United States and Germany, and which are at the center of this paper.
Topic:
Government and Politics
Political Geography:
United States, Europe, and Germany

614. The Defense Monitor: Little Room in Politics for the Facts of the Matter

Author:
Philip E. Coyle, Rachel Stohl, Winslow Wheeler, Theresa Hitchens, Victoria Garcia, Colin Robinson, Krista Nelson, and Jeffrey Lewis
Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
Center for Defense Information
Abstract:
Few things are more routinely abused than facts when people in government — any party, any branch — set out to make a decision. I've been reminded of this truth watching the current administration parry revelations that it manipulated “facts” about weapons of mass destruction as a pretext for the war against Iraq that Congress authorized a year ago this past week. But I'd learned it the hard way much earlier. During a 31-year career as an evaluator for the General Accounting Office and a staffer for four different U.S. senators from both parties, I spent a lot of time trying to use facts to influence decisions made by the U.S. government. The facts took a beating all too often.
Topic:
Security, Defense Policy, and Government
Political Geography:
United States and Iraq

615. The Spring 2002 Term of the Mexican Congress

Author:
Jeffrey A. Weldon
Publication Date:
05-2003
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
The spring session of the second year of the 58th Legislature in Mexico, in comparison with most recent years, was more productive than average. Although there were a few major negative incidents, the strained relationship between the executive and legislative branches did not lead to complete paralysis on executive legislation.
Topic:
Government
Political Geography:
United States, Latin America, Central America, and Mexico

616. Cyber Attacks: Missing in Action

Author:
James A. Lewis
Publication Date:
04-2003
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
The first warnings of an “electronic Pearl Harbor” appeared in 1995. 1 They have appeared regularly since then. Before the conflict with Iraq that began in March 2003, there was speculation that the U.S. would experience cyber attacks in retaliation. Since the onset of the war, however, there have been no reported attacks that damaged U.S. infrastructure or affected U.S. military operations in Iraq. Nor have there been any reports of cyber attacks that damaged U.S. infrastructure or affected U.S. military operations since 1996.
Topic:
Security, Government, and Science and Technology
Political Geography:
United States and Iraq

617. Chechnya Weekly: New Questions Arise Over Hostage Rescue Mission

Author:
Lawrence Uzzell
Publication Date:
11-2003
Content Type:
Policy Brief
Institution:
North Caucasus Weekly (formerly Chechnya Weekly), The Jamestown Foundation
Abstract:
Did the U.S. and Russian governments both know that, when Russian commandos stormed Moscow's Dubrovka theater in October of 2002, the Chechen terrorists inside it had already agreed to release several of their hostages, including U.S. citizen Sandy Booker? Booker's fiance, Svetlana Gubareva, says that the answer is Yes. Booker and Gubareva's 13-year-old daughter, Sasha, both died in the tragedy; Gubareva was also taken hostage but survived.
Topic:
Security, Ethnic Conflict, and Government
Political Geography:
Russia, United States, Europe, Asia, and Moscow

618. Chechnya Weekly: Putin Leveling Accusations at US Officials?

Author:
Lawrence Uzzell
Publication Date:
09-2003
Content Type:
Policy Brief
Institution:
North Caucasus Weekly (formerly Chechnya Weekly), The Jamestown Foundation
Abstract:
In a remarkably under reported statement, Russian President Vladimir Putin has apparently accused lower echelon U.S. government officials of meeting with known Chechen terrorists. On September 20, a few days before flying to the United States for his summit meeting with President George W. Bush, Putin met with several U.S. television journalists. Asked about Chechnya, the Russian president gave a long answer that mostly repeated points that he and his spokesmen have made before. But toward the end of his response he said the following (as translated by Chechnya Weekly from the text placed on the official website Kremlin.ru): “The United States has now voted in the Security Council in favor of recognizing several individuals as international terrorists. The State Department has announced that it has included several figures in its list of international terrorists. But unfortunately we know that on the executive level there are continuing attempts at contacts with some people under the pretense that what's happening is only work with the opposition. Even with people who are included on the United Nations list. These people come, say that they are 'political activists' and present them- selves in all sorts of guises. But I assure you, I know about this precisely—they are maintaining connections with their allies in Afghanistan, including those who have gone there from the Northern Caucasus of Russia and who are fighting with arms in their hands against American soldiers. Such absurdities on the working level must be stopped, the sooner the better.”
Topic:
Security, Ethnic Conflict, and Government
Political Geography:
Afghanistan, Russia, United States, Europe, Asia, Chechnya, and North Caucasus

619. Chechnya Weekly: No Evidence of Chechens in Afghanistan

Author:
Lawrence Uzzell
Publication Date:
09-2003
Content Type:
Policy Brief
Institution:
North Caucasus Weekly (formerly Chechnya Weekly), The Jamestown Foundation
Abstract:
Have Chechen separatist guerrillas been fighting against the United States and its allies in places such as Iraq or Afghanistan—and if so, how many have been captured or killed? The U.S. government has been strikingly passive in seeking to learn (or, at least, in publicly disclosing) the answer to that question. Chechnya Weekly began pressing for a precise, concrete answer months ago, but we have yet to get one from the White House, Pentagon, or State Department.
Topic:
Security, Ethnic Conflict, and Government
Political Geography:
Afghanistan, Russia, United States, Iraq, Europe, Asia, and Chechnya

620. Turkey, The United States And Iraq: Continuing Differences

Author:
Baris Omali
Publication Date:
11-2003
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
On October 7, the Turkish Grand National Assembly (TGNA), dominated by the ruling Justice and Development Party (JDP) approved a resolution authorizing the government to send Turkish troops to Iraq. After the 358 to 183 vote, Prime Minister Recep Tayyip Erdogan commented that Turkey had “come to the decision that it can't totally fulfill its duty as a neighbor in this big transformation process of Iraq with only political, humanitarian and economic support, without military contributions.” Although over 60 percent of the Turkish public were opposed to deployment, Erdogan committed his personal prestige and unchallenged authority over JDP parliamentarians to ensure a positive vote in contrast to the parliamentary reverse on March 1.
Topic:
Government and Politics
Political Geography:
United States, Iraq, Turkey, and Middle East