Number of results to display per page
Search Results
42. Contagion: An Empirical Test
- Author:
- Jon Wongswan
- Publication Date:
- 09-2003
- Content Type:
- Working Paper
- Institution:
- Board of Governors of the Federal Reserve System
- Abstract:
- Using the conditional Capital Asset Pricing Model (CAPM), this paper tests for the existence and pattern of contagion and capital market integration in global equity markets. Contagion is defined as significant excess conditional correlation among different countries' asset returns above what could be explained by economic fundamentals (systematic risks). Capital market integration is defined as the situation in which only systematic risks are priced. The paper uses a panel of sixteen countries, divided into three blocs: Asia, Latin America, and Germany-U.K.-U.S., for the period from 1990 through 1999. The results show evidence of contagion and capital market integration. In addition, contagion is found to be a regional phenomenon.
- Topic:
- International Relations, Economics, Globalization, and International Trade and Finance
- Political Geography:
- United States, United Kingdom, Asia, Germany, and Latin America
43. Trans-Atlantic Relations: Challenges and Opportunities
- Author:
- Wolfgang Ischinger
- Publication Date:
- 10-2002
- Content Type:
- Working Paper
- Institution:
- International Institute at University of Wisconsin, Madison
- Abstract:
- I would like to share some observations about German-American relations, about Afghanistan, about Iraq and the war on terrorism, and about power and the global system. Where does Germany stand today? The recent elections in Germany have brought about a number of significant developments.
- Topic:
- International Relations and Security
- Political Geography:
- Afghanistan, United States, America, Europe, and Germany
44. Ties That Bind? The Parapublic Underpinnings of Franco-German Relations as Construction of International Value
- Author:
- Ulrich Krotz
- Publication Date:
- 10-2002
- Content Type:
- Working Paper
- Institution:
- Minda de Gunzburg Center for European Studies, Harvard University
- Abstract:
- Beneath the relations among states, and distinct from the exchanges of an autonomous regional or global civil society, there is another set of international practices which is neither public nor private but parapublic. The Franco-German parapublic underpinnings consist of publicly funded youth and educational exchanges, some two thousand city and regional partnerships, a host of institutes and associations concerned with Franco-German matters, and various other parapublic elements. This institutional reality provides resources, socializes the participants of its programs, and generates social meaning. Simultaneously, parapublic activity faces severe limits. In this paper I clarify the concept of “parapublic underpinnings” of international relations and flesh out their characteristics for the relationship between France and Germany. I then evaluate the effects and limits of this type of activity, and relate this paper's findings and arguments to recent research on transnationalism, Europeanization, and denationalization.
- Topic:
- International Relations, Civil Society, and Education
- Political Geography:
- Europe and Germany
45. Structure as Process:The Regularized Intergovernmentalism of Franco-German Bilateralism
- Author:
- Ulrich Krotz
- Publication Date:
- 10-2002
- Content Type:
- Working Paper
- Institution:
- Minda de Gunzburg Center for European Studies, Harvard University
- Abstract:
- This article systematically scrutinizes the intergovernmental and administrative aspects of Franco-German relations with the 1963 Elysée Treaty at their core. This treaty, together with its various additions and extensions, has defined the basic processes of bilateral interaction between the French and German states. Recurrent tension in Franco-German relations notwithstanding, many observers and participants have viewed France and Germany to be connected particularly closely since the 1960s. This article explores key elements of what it is that links France and Germany. Thereby it clarifies the concept of regularized inter governmentalism, suggests viewing this specific set of international practices from a social-structural perspective, and evaluates the effects and limits of such regularized procedures. Its findings suggest that bilateral structures have complemented and undergirded a broadly multilateral post-World War II world and are likely to continue to do so.
- Topic:
- International Relations, Government, and Treaties and Agreements
- Political Geography:
- Europe and Germany
46. Social Content of the International Sphere: Symbols and Meaning in Franco-German Relations
- Author:
- Ulrich Krotz
- Publication Date:
- 08-2002
- Content Type:
- Working Paper
- Institution:
- Minda de Gunzburg Center for European Studies, Harvard University
- Abstract:
- “The Franco-German friendship is rich in memories and gestures that are at once important and symbolic, and that characterize the exceptional nature of the relationship between our two countries,” reflects former French economics minister and European Commission President Jacques Delors. Such symbolic acts and joint memories are not primarily about cooperation in specific instances. Rather, more generally, they denote what it means to act together. They lend significance to a relationship; they signify what is “at stake,” or what it is “all about.” They are about a deeper and more general social purpose underlying specific instances of cooperation. They are about the value and intrinsic importance that social relations incorporate. Symbols contribute to the institutionalization of social meaning and social purpose in dealing with one another. In this paper I clarify the concept of “predominantly symbolic acts and practices among states,” systematically explore such acts for the bilateral Franco-German relationship between the late 1950s and the mid-1990s, and scrutinize the specific meaning and effects that these practices have helped to generate and perpetuate.
- Topic:
- International Relations, Government, and Treaties and Agreements
- Political Geography:
- Europe and Germany
47. National Role Conceptions and Foreign Policies:France and Germany Compared
- Author:
- Ulrich Krotz
- Publication Date:
- 05-2002
- Content Type:
- Working Paper
- Institution:
- Minda de Gunzburg Center for European Studies, Harvard University
- Abstract:
- In spite of domestic and international political changes, French and German foreign policies have displayed high degrees of continuity between the late 1950s and the mid-1990s. Over the same time period, the directions of the two states' foreign policies have also continued to differ from each other. Why do states similar in many respects often part ways in what they want and do? This article argues that the French and German national role conceptions (NRCs) account for both of these continuities. NRCs are domestically shared understandings regarding the proper role and purpose of one's own state as a social collectivity in the international arena. As internal reference systems, they affect national interests and foreign policies. This article reestablishes the NRC concept, empirically codes it for France and Germany for the time period under consideration, and demonstrates comparatively how different NRCs lead to varying interests and policies across the major policy areas in security, defense, and armament.
- Topic:
- International Relations, Foreign Policy, and Politics
- Political Geography:
- Europe, France, and Germany
48. Redefining Sovereignty . The Use of Force After the End of the Cold War. New Options, Lawful and Legitimate?
- Publication Date:
- 11-2000
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- The conference was organised by the Institute for International Affairs (IAI) with the support of the Centre for High Defence Studies (CASD), the German Marshall Fund of the United States, the NATO Office for Information and Press and the Thyssen Foundation. It was held in Rome, at the Centre for High Defence Studies, on 24 and 25 November 2000.
- Topic:
- International Relations, Security, NATO, Cold War, Human Rights, and Peace Studies
- Political Geography:
- United States, Germany, and Rome
49. European Integration and Franco-German Relations: Erbreindschaft or Engrenage?
- Author:
- Imtiaz Hussain
- Publication Date:
- 01-1998
- Content Type:
- Working Paper
- Institution:
- Centro de Investigación y Docencia Económicas
- Abstract:
- Given the historical depth of Franco-German enmity, or erbfeindschaft, how have integrative efforts in West Europe been shaped by this rivalry? Three sets of tensions are identified in addressing that question: the theoretical tussle to explain West European integration; the explosive historical relationship between the two countries; and their cooperative, complementary relationship in European Community policy-making. For analytical purposes, two hypotheses connect these sources of tension in the multifaceted, complicated subject matter of Franco-German relations. These are that when the Cold War was in full fury, both countries found cooperation a far superior strategy than discord; and when the Cold War ended, disagreements increased without eliminating cooperation . Both are tested through a comparative study of agricultural and monetary policies of the Community, and prefaced by a rapid historical riffle of the ups and downs in that bilateral relationship. The conclusion is drawn that the Community interlocked the two countries in such a way as to make disengagement costly in spite of increasing divergences, and that this engrenage was possible because of the Cold War context.
- Topic:
- International Relations, Cold War, and International Cooperation
- Political Geography:
- Europe, Germany, and Maryland
50. Structural Liberalism:The Nature and Sources of Postwar Western Political Order
- Author:
- G. John Ikenberry and Daniel Deudney
- Publication Date:
- 05-1996
- Content Type:
- Working Paper
- Institution:
- Christopher H. Browne Center for International Politics, University of Pennsylvania
- Abstract:
- The end of the Cold War has triggered new debates about international relations theory. Most of the attention has been focused on explaining the end of the Cold War. Equally important, however, this epochal development raises new questions about the impact of forty years of East-West rivalry on the relations among the Western liberal democracies. This issue is not simply of passing historical interest because it bears on our expectations about the future trajectory of relations among the great powers in the West. Will the end of the Cold War lead to the decline of cooperative relations among the Western liberal democracies? Will major Western political institutions, such as NATO and the U.S.-Japanese alliance, fall apart? Will "semi-sovereign" Germany and Japan revert to traditional great power status? Will the United States return to its traditional isolationist posture? Our answers to these questions depend upon the sources of Western order: was the Cold War the primary cause of Western solidarity or does the West have a distinctive and robust political order that predated and paralleled the Cold War?
- Topic:
- International Relations, Government, and Politics
- Political Geography:
- United States, Japan, Europe, and Germany