Die Europäische Fiskalunion Gedanken zur Entwicklung der Eurozone

2012 ◽  
Vol 13 (3) ◽  
pp. 137-178 ◽  
Author(s):  
Hans-Werner Sinn
Keyword(s):  
United States ◽  
Capital Markets ◽  
The United States ◽  
Printing Press ◽  
Capital Flight ◽  
Free Access ◽  
Budget Constraints ◽  
Fiscal Union ◽  
The Real ◽  
The Us

AbstractThis paper argues that the European fiscal union and the measures of the ECB constitute a policy of excessively loose budget constraints in the Eurozone. They will slow down or hold back the real devaluation necessary for the southern countries to regain competitiveness and continue to cause capital flight as long as the printing press underbids the capital markets. The paper shows that Europe has the choice between two models: (i) free access to Target credits and eurobonds and (ii) the US model, with annual Target debt redemption and self-liability for any funds borrowed in the market. It suggests creating the United States of Europe following the US model as closely as possible.

scholarly journals Interdependence of stock exchange indices from leading capital markets: USA, Germany and Japan Stock Market

Bizinfo Blace ◽  
2021 ◽  
Vol 12 (1) ◽  
pp. 15-28
Author(s):  
Milena Marjanović ◽  
Ivan Mihailović ◽  
Ognjen Dimitrijević
Keyword(s):  
United States ◽  
Financial Markets ◽  
Capital Markets ◽  
Stock Exchange ◽  
Impulse Response Function ◽  
The United States ◽  
Causality Test ◽  
Vector Autoregressive ◽  
Equilibrium Relationship ◽  
The Us

In the context of globalization, due to the accelerated process of economic integration of countries and financial markets, the interdependence of the world's leading financial markets is more than obvious. This paper investigates the interdependence of stock exchange indices from leading capital markets in the world: USA, European Union and Asia. Our intention is to determine the direction of causality between the observed capital markets, as well as whether and in what way shocks in one market are transmitted to other markets. Research methodology includes stationarity testing, the existence of cointegration, the application of the Vector Autoregressive Model (VAR) which is complemented by the Granger causality test and the Impulse Response Function (IRF) analysis. The results of the research are as follows. Johansen's cointegration test showed that there is no long-term equilibrium relationship between the observed markets, while Granger's test showed that there is mutual causality between the capital markets of Germany and the United States. As for the Japanese index, previous events in Germany and the United States are statistically significant, but previous events on the Tokyo Stock Exchange cannot explain movements in Germany and the United States. According to the results of the IRF analysis, shocks that may occur in the US market have an almost identical impact on all observed markets. On the other hand, disturbances on the Japanese market are not transmitted to the German and American market, i.e. remain in Japan.

scholarly journals Granice rzeczywiste i symboliczne. Przypadek Portoryko.

2020 ◽  
Author(s):  
Anna Kaganiec-Kamieńska
Keyword(s):  
United States ◽  
Puerto Rico ◽  
Puerto Rican ◽  
Main Part ◽  
The United States ◽  
The Real ◽  
The Us ◽  
Puerto Rican Diaspora

Borders and Boundaries, Real and Symbolic: The Case of Puerto RicoThe aim of this article is to outline the real and symbolic borders and boundaries, of geographical, political, cultural and racial nature, in the history and present of Puerto Rico, and their role in shaping and transforming the Puerto Rican identity. The main part of the article focuses on the borders and boundaries between Puerto Rico and the United States. The second part looks at the lines dividing the population in the island and the Puerto Rican diaspora in the US. Granice rzeczywiste i symboliczne. Przypadek PortorykoCelem artykułu jest zarysowanie rzeczywistych i symbolicznych granic, geograficznych, politycznych, rasowych i kulturowych, wpisujących się w historię i współczesność Portoryko oraz ich roli w kształtowaniu się i przekształcaniu tożsamości portorykańskiej. Główna część artykułu skupia się na granicach biegnących między Portoryko a Stanami Zjednoczonymi. W drugiej części wskazano linie podziału powstałe między mieszkańcami wyspy a diasporą portorykańską w USA.

The Future of Spanglish: Global or Tribal?

2014 ◽  
Vol 13 (1-2) ◽  
pp. 261-266 ◽  
Author(s):  
Patricia Bazán-Figueras ◽  
Salvador J. Figueras
Keyword(s):  
United States ◽  
Oral Communication ◽  
The United States ◽  
Spanish Speakers ◽  
Heritage Speakers ◽  
The Real ◽  
Cultural Aspects ◽  
The Us ◽  
American Society ◽  
Real Academia

Abstract Research revolves around the socio-political, linguistic, and cultural aspects of “Spanglish” while considering its future in American society. A speech modality used by many Hispanics in the United States, Spanglish mixes grammatical and lexical elements from both English and Spanish and is primarily used in oral communication. The announcement by the Real Academia Española (RAE) to include Estadounidismos (a term coined by the RAE for referring to words used primarily, if not exclusively, in the US by Spanish speakers which are now part of the recognized lexicon) in its upcoming dictionary in 2014 shocked many. Furthermore, it has also placed Spanglish in the center of yet another controversy, as it presents heritage speakers with an opportunity to decide whether or not to remain fragmented or united.

China-US maritime conflict would do global damage

2021 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Content Type ◽  
The Real ◽  
The Us ◽  
Territorial Claims ◽  
Strait Of Malacca ◽  
Real Danger ◽  
Freedom Of Navigation

Significance This is misleading. The real danger arises from China’s intent to supplant the US Navy’s regional dominance and to saturate the region with a Chinese presence in support of Beijing’s territorial claims, and Washington’s resistance to this. Peaceful transit of seaborne trade depends on strategic restraint by both sides and the avoidance of unmanaged escalation. Impacts US freedom of navigation operations are the most likely flashpoint. The United States would probably not need to block the Strait of Malacca; it has more effective ways to blockade Chinese shipping. A conflict resulting in US victory would probably require a permanently elevated US naval presence in the region.

American sealers, the United States Navy, and the Falklands 1830–32

Polar Record ◽  
1992 ◽  
Vol 28 (166) ◽  
pp. 219-228
Author(s):  
Barry M. Gough
Keyword(s):  
United States ◽  
State Department ◽  
The United States ◽  
The State ◽  
Free Access ◽  
Andrew Jackson ◽  
The Us ◽  
Us Government ◽  
Unrestricted Access ◽  
Active Rule

ABSTRACTBy the early 1830s, American sealers expected free access to the waters and harbours of the Falkland Islands, an active rule over which had not been recognized by the United States. The US government, in the form of President Andrew Jackson and the State Department, adhered to a policy of freedom of the seas, and therefore backed the rights of American sealers to unrestricted access in the South Atlantic. After three sealing ships were impounded by the Argentinian authorities in the Falklands in 1831, the US Navy sloop Lexington, under the command of Captain Silas Duncan, destroyed the island group's capital at Puerto Soledad, and, with it, the Argentine military defences. The State Department informed the Argentine govermcnt that it had no claims, historic or actual, to the Falklands. The American policy of not recognizing the Argentine claims, which continued for half a century, did not interfere with British designs. In 1832–33 the British government issued orders for the Admiralty to send a warship to re-establish British control of the Falklands.

Part II The Transatlantic Dialogue, 5 Cultivating the US Overseas Market

2021 ◽  
Author(s):  
Jordan Cally
Keyword(s):  
United States ◽  
Capital Markets ◽  
Turning Point ◽  
The United States ◽  
International Markets ◽  
Securities And Exchange Commission ◽  
International Capital ◽  
International Capital Markets ◽  
The Third ◽  
The Us

This chapter details how the United States introduced a trio of regulatory initiatives which represented a turning point in international capital markets. The growing significance of international markets could no longer be ignored nor left to the regulatory hinterlands. The first two initiatives, Regulation S and Rule 144A (under the US 1933 Act), have become standard features of virtually all international capital raisings. Although very different in conception and operation, they are fraternal twins, both responses to a 1987 United States Securities and Exchange Commission (SEC) report on internationalization. They were considered and adopted by the SEC on the same day in April of 1990. The third initiative, the creation of a Multijurisdictional Disclosure System (MJDS) between Canada and the United States, is a younger sibling, conceived in the same flurry of interest in international markets, but making its appearance a year later.

scholarly journals Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks

2012 ◽  
Vol 4 (2) ◽  
pp. 95-114 ◽  
Author(s):  
James Feyrer ◽  
Jay Shambaugh
Keyword(s):  
United States ◽  
Current Account ◽  
Capital Markets ◽  
The United States ◽  
Domestic Investment ◽  
Exogenous Shocks ◽  
The Us ◽  
Private Savings ◽  
Fiscal Shocks

This paper examines the effect of exogenous shocks to savings on world capital markets. Exogenous tax increases in the United States (from Romer and Romer 2010) are only partially offset by changes in domestic private savings, and only a small amount is absorbed by increased domestic investment (contra Feldstein and Horioka 1980). Almost half the change in taxes is transmitted abroad through a change in the US current account. Other countries experience decreases in current accounts and increases in investment in response to exogenous US tax increases. We cannot reject symmetric responses across countries with different currency regimes and levels of development. (JEL E21, E22, E23, E62, F32, F42)

The United States and the Iranian Nuclear Programme

2018 ◽  
Author(s):  
Steven Hurst
Keyword(s):  
United States ◽  
Decision Making ◽  
Domestic Politics ◽  
The United States ◽  
Nixon Administration ◽  
Comprehensive Plan ◽  
The Us ◽  
Nuclear Issue ◽  
The Relationship

The United States, Iran and the Bomb provides the first comprehensive analysis of the US-Iranian nuclear relationship from its origins through to the signing of the Joint Comprehensive Plan of Action (JCPOA) in 2015. Starting with the Nixon administration in the 1970s, it analyses the policies of successive US administrations toward the Iranian nuclear programme. Emphasizing the centrality of domestic politics to decision-making on both sides, it offers both an explanation of the evolution of the relationship and a critique of successive US administrations' efforts to halt the Iranian nuclear programme, with neither coercive measures nor inducements effectively applied. The book further argues that factional politics inside Iran played a crucial role in Iranian nuclear decision-making and that American policy tended to reinforce the position of Iranian hardliners and undermine that of those who were prepared to compromise on the nuclear issue. In the final chapter it demonstrates how President Obama's alterations to American strategy, accompanied by shifts in Iranian domestic politics, finally brought about the signing of the JCPOA in 2015.

‘To see oursels as ithers see us’: Reflections on Scottish Independence from the United States

2014 ◽  
Vol 23 (3) ◽  
pp. 381-388 ◽  
Author(s):  
Euan Hague ◽  
Alan Mackie
Keyword(s):  
United States ◽  
The United States ◽  
The Us ◽  
Scottish Independence ◽  
The Uk ◽  
Scottish Diaspora

The United States media have given rather little attention to the question of the Scottish referendum despite important economic, political and military links between the US and the UK/Scotland. For some in the US a ‘no’ vote would be greeted with relief given these ties: for others, a ‘yes’ vote would be acclaimed as an underdog escaping England's imperium, a narrative clearly echoing America's own founding story. This article explores commentary in the US press and media as well as reporting evidence from on-going interviews with the Scottish diaspora in the US. It concludes that there is as complex a picture of the 2014 referendum in the United States as there is in Scotland.

Palestine Unbound

2018 ◽  
Vol 47 (3) ◽  
pp. 130-134
Keyword(s):  
United States ◽  
Human Rights ◽  
Task Force ◽  
The United States ◽  
Donald Trump ◽  
Tel Aviv ◽  
The Us ◽  
Intention To Move ◽  
Arab Israeli Conflict ◽  
The U.S

This section, updated regularly on the blog Palestine Square, covers popular conversations related to the Palestinians and the Arab-Israeli conflict during the quarter 16 November 2017 to 15 February 2018: #JerusalemIstheCapitalofPalestine went viral after U.S. president Donald Trump recognized Jerusalem as the capital of Israel and announced his intention to move the U.S. embassy there from Tel Aviv. The arrest of Palestinian teenager Ahed Tamimi for slapping an Israeli soldier also prompted a viral campaign under the hashtag #FreeAhed. A smaller campaign protested the exclusion of Palestinian human rights from the agenda of the annual Creating Change conference organized by the US-based National LGBTQ Task Force in Washington. And, UNRWA publicized its emergency funding appeal, following the decision of the United States to slash funding to the organization, with the hashtag #DignityIsPriceless.

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