How the European Union does not work: national bargaining success in the Council of Ministers

We know surprisingly little about whether the content of European Union legislation reflects the preferences of some Member States more than others. The few studies that have examined national bargaining success rates for EU legislation have conceptual and methodological weaknesses. To redress these problems I use a salience-weighted measure to gauge the relative success of Member States in translating their national preferences into legislation, and test two plausible, competing hypotheses about how the EU works: that no state consistently achieves more of what it really wants than any other, and that large Member States tend to beat small ones. Neither hypothesis receives empirical support. Not only do states differ far more significantly in their respective levels of bargaining success than previously recognised, but some of the smaller states are the ones that do especially well. The paper‟s main contribution -- demonstrating that the EU does not work as most people think it does -- sets the stage for new research questions, both positive and normative. In the last section I make a tentative start answering two of the most important: which factors explain the surprising empirical results, and whether differential national bargaining success might undermine the legitimacy of the integration process.

The impact of Basel III on European banks business models

O acordo Basel III representa, em diversos aspectos, uma verdadeira mudança no paradigma regulatório. Este trabalho examina uma amostra composta por 81 bancos europeus para detectar até que ponto o impacto do Basel III é já perceptível em modelos de negócios alternativos. Descobre-se que os ajustes nos modelos de negócios causados pelo Basel III são mínimos, enquanto que as principais mudanças entre 2010 e 2013 deveram-se a outros factores exógenos, como por exemplo a crise da dívida soberana europeia. Devido à longa observação e aos períodos de transição, as maiores mudanças nos modelos de negócios como consequência do Basel III estarão ainda para acontecer.

Nota de la Secretaría sobre la elección de nuevos miembros del Consejo Directivo del Instituto Latinoamericano de Planificación Económica y Social = Note by the Secretariat on the election of new members of the Governing Council of the Latin American Institute for Economic and Social Planning

Incluye Bibliografía

Note by the Secretariat (Request by the Ministry of Foreign Affairs of France, on behalf of the Regional Council of Martinique for admission as an associate member of ECLAC)

Spanish version available

Establecimiento de relaciones entre la Comisión y el Consejo Intergubernamental de Países Exportadores de Cobre = Establishment of relations between the Commission and the Intergovernmental Council of Copper Exporting Countries

Incluye Bibliografía

Exposición del Sr. Enrique V. Iglesias, Secretario Ejecutivo de la Comisión Económica para América Latina en la VIII Reunión Ordinaria del Consejo Latinoamericano del Sistema Económico Latinoamericano (SELA) = Statement by the Executive Secretary of the Economic Commission for Latin America, Mr. Enrique V. Iglesias, at the Eighth Regular Session of the Latin American Council of the Latin American Economic System (SELA)

En su exposición el Sr. Iglesias se refiere a la gran crisis de los años ochenta y reflexiona sobre las políticas antirrecesivas: la colaboración internacional y la cooperación regional; y sobre el nuevo enfoque del desarrollo latinoamericano.