Journal articles on the topic 'United States. National Monetary Commission'

Aside from the United Kingdom, which is withdrawing from the European Union, only Denmark has the option of staying outside the single European currency area. All other member states which have not adopted euro as their currency have the right and obligations to do so under the Treaty of Accession. The condition to join the Eurozone is to meet all five nominal Maastricht convergence criteria and to ensure compliance of national legislation with acquis communautaire, or the EU legal order. What poses special difficulties to candidate countries is the fiscal criterion relating to the maximum allowed budget deficit. If it’s not met, the European Commission launches the Excessive Deficit Procedure, EDP. Currently, this procedure is in place for France, Spain and the United Kingdom. In 2015, EDP for Poland was lifted, but there is no certainty it won’t be imposed again at the end of the decade due to the risk of exceeding once more the threshold of public sector deficit, which stands at 3 percent GDP. It is to be expected that in the 2020s the European Monetary Union will be joined by all the countries that are still using their national currencies, including Denmark, and that the EU will be extended to include new member states, enlarging the euro area, too. Although the issue is not absolutely certain, it needs to be assumed that euro will overcome the present difficulties and come out stronger, though the economically unjustified euroskepticism of some countries, especially Poland, is not helping.

To join the Eurozone (EZ), a candidate country has to fulfil five nominal Maastricht convergence criteria and ensure compliance of national legislation with the acquis communautaire. With this regard special difficulties pose the fiscal criterion relating to the maximum allowed budget deficit of 3 per cent of GDP. If it is not met, the European Commission launches the Excessive Deficit Procedure. Currently, such formula applies to France, Spain and the United Kingdom. Although the issue is not absolutely certain, one can assume that euro will weather the present difficulties and will come out stronger, though the economically unjustified Euro scepticism of some countries is not helping. It may be expected that in the 2020s the European Monetary Union will be joined by all countries that are still using their national currencies and that the EU will be extended to include new member states, enlarging the euro area further. In this article authors are discussing the issue whether Poland will join the EZ in the coming years, considering the challenges of meeting all Maastricht criteria, on the one hand, and the reluctance of the government to give up the national currency, on the other. A mixed method combining the results of qualitative and quantitative research has been used to empirically verify the research question presented.

The United Nations Economic Commission for Africa (2016) calls for resources for the implementation of the Action Plan for Accelerated Industrial Development in Africa, and states that: “Industrialization is essential for African countries as a means of increasing income, creating jobs, developing value-added activities and diversifying economies”. The United Nations Development Program (UNDP), the African Development Bank (AFDB), and the Organization for Cooperation and Economics Development (OCED, 2014, p. 16) explain the benefits to African countries’ participation in Global Value Chains (GVC) to industrialize without having to implement all stages of the chain. They add that the acquisition of new production capacities can allow countries and companies to move upmarket, which is to say to increase their share of value added in a GVC. But the opposite is the case, at least in some countries like Burkina Faso. We are witnessing a “specialization of primary products (cotton and non-monetary gold), to the detriment of manufacturing industry with high potential for multiplier effects on local economies” National Plan for Economic and Social Development of Burkina Faso (PNDES, 2017, p.12). Cusolito and al. (2016) mention that overcoming a series of obstacles (such as bad policies and governance, insufficient technology and skills) is the way to actively participate in GVCs. Yet OPEN it is these same obstacles that have always prevented the industrialization of Sub-Saharan Africa (excluding South Africa). The results show that the Global Value Chains (GVC) contribute to the creation of added value in developing countries what has an effect on industrialization

The paper provides a comparative analysis of methodological approaches to poverty measuring in the Russian Federation and in the global perspective in the current situation on the following key aspects: methods of poverty measuring in official statistics, problems in defining and measuring subjective poverty in different countries. Through the empirical qualitative research we analyzed a wide base of official data and reports of the United Nations Economic Commission for Europe (UNECE), the Eurasian Economic Commission (EEC), the Interstate Statistical Committee of the Commonwealth of Independent States (CIS STAT), the Federal State Statistics Service, and subsequently analytically interpreted them. According to the results of the study, it was concluded that different countries use various methods of measuring the level of poverty and criteria for its assessment. This situation does not relate to the analytical needs of the society, government authorities and scientists. The Guide of UNECE was developed in order to ensure international comparability and accessibility of poverty indicators. The Guide substantiates the indicators and identifies the needs for appropriate baseline data for measuring poverty, and offers methodological recommendations for national statistical services. The multidimensional measurement of poverty is currently relevant. This approach allows to take into account not only monetary indicators, but also other aspects of people’s life, such as health, living conditions, education, involvement in economic and social relations, etc. The study of the methodological features of poverty measuring in Russia revealed the need for a more detailed development of poverty indicators. At present, the Federal State Statistics Service is adopting new measures in order to include the Indices of Material Deprivation and Poverty and Social Exclusion Risk into the national list of indexes of Sustainable Development Goals. In addition, currently the transition to new methodological and practical approaches to Population Income Survey is being carried out.

The article considers the experience of the United States in the management of garbage waste, including biosolids (BO) of animals. It provides an understanding of deposit and waste management processes as a timely example of the integration of science into the environmental and economic process and presents the policy of the US government in the field of spent biological waste management, as well as efforts at recycling through composting, disposal and other methods. A national strategy for converting BW into various types of energy and the cost-effectiveness of environmental measures is considered using the example of the USA, presented by such authors and researchers as Gasanov M. A., Kolotov K. A., Demidenko K. A., Podgornaya E. A., Kadnikova O. V. and others. At the end of 2015, 71 incinerators (MSZs) were operating in 20 US states, more than 20% of which are concentrated in the state of Florida. The installed capacity of power generation systems at such MSZs is 2.3 GW, which corresponds to < 1% of the installed capacity of US energy facilities. Almost all of the country's MSZs were built before 1995, and only one plant was commissioned in 2015 - West Palm Beach-2, with a capacity of 95 MW. According to the consulting and consulting company Frost & Sullivan, by 2020 the volume of the US digital transformation technology market in the field of biosolids management in monetary terms increased to $3.6 billion, compared to $3.3 billion in 2017. At the same time, the average annual growth rate of this market is expected to be 2.74% by 2030.

The World Trade Center Attack or 9/11 tragedy has awakened the international community, particularly the United States (US) to sharpen its foreign policy in facing security threats coming from ‘weak states’. One of the most prominent weak states examples that pose a grave threat to other countries are the Northern Triangle Countries of Central America that referred to Guatemala, Honduras, and El Salvador. Hence, this paper will discuss the rationale behind US initiatives in dealing with security threats in El Salvador as one of the Northern Triangle Countries. In analyzing the case, the writers will use the weak state concept and national interest concept. The result of this paper finds that El Salvador corresponds to the elements of a weak state and further poses security threats by giving rise to transnational criminal organizations, drug trafficking, and migrant problems in which overcoming those security threats has become US vital national interest. However, we also find that although decreasing security threats and strengthening El Salvador government capacity is highly correlated, strengthening El Salvador governance through the providence of aid and assistance is actually classified as US important national interest. Keywords: Security threats; Northern Triangle; weak state; El Salvador; national interest REFERENCES Ambrus, Steven. “Guatemala: The Crisis of Rule of Law and a Weak Party System.” Ideas Matter, January 28, 2019. https://blogs.iadb.org/ideas-matter/en/guatemala-the-crisis-of-rule-of-law-and-a-weak-party-system/. Andrade, Laura. Transparency In El Salvador. 1st ed. 1. El Salvador: University Institute for Public Opinion, Asmann, Parker. “El Salvador Citizens Say Gangs, Not Government 'Rule' the Country.” InSight Crime, August 19, 2020. https://insightcrime.org/news/brief/el-salvador-citizens-say-gangs-not- government-rules-country/. Accessed July 11, 2021. Art, Robert J. A. Grand Strategy for America. 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Accessed July 11,2021. Insight Crime. “Central America Regional Security Initiative (CARSI)." InSight Crime, October 18,2011, https://insightcrime.org/uncategorized/central-america-regional-security-initiative/. Accessed July 11, 2021 “Income Held by Top 20 Percent in El Salvador.” Statista, July 5, 2021.https://www.statista.com/statistics/1075313/el-salvador-income-inequality/. International Monetary Fund. “El Salvador: Selected Issues.” IMF Staff Country Reports 16, no. 206 (2016): 1. https://doi.org/10.5089/9781498342346.002. Interpol "El Salvador." El Salvador, n.d.,https://www.interpol.int/en/Who-we-are/Member-countries/Americas/EL-SALVADOR. Accessed July 11, 2021. “Key Issues AFFECTING Youth in El Salvador - OCDE.” Key Issues affecting Youth in El Salvador - OCDE. Accessed August 8, 2021.https://www.oecd.org/fr/pays/elsalvador/youth-issues-in-el-salvador.htm. Lakhani, Nina. “Gang Violence in El Salvador Fuelling Country's Child Migration Crisis.” The Guardian. 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Accessed July 11, 2021. Meyer, Peter J., and Ribando Clare Seelke. Central America Regional Security Initiative: Background and Policy Issues for Congress. Washington, D.C.: Library of Congress, Congressional Research Service, 2014. Michaels, Peter S. Lawless Intervention: United States Foreign Policy in El Salvador and Nicaragua, 6, 7, no. 2 (January 5, 1987). https://doi.org/https://core.ac.uk/download/pdf/71463263.pdf. OSAC. “El Salvador 2020 Crime & Safety Report,” https://www.osac.gov/Content/Report/b4884604- 977e-49c7-9e4a-1855725d032e. Days on July 9, 2021. “Overview.” World Bank. Accessed August 4, 2021. https://www.worldbank.org/en/country/elsalvador/overview. Patrick, Stewart. “Weak States and Global Threats: Assessing Evidence of Spillovers.” SSRN Electronic Journal, 2006, 1–31. https://doi.org/10.2139/ssrn.984057. Published by Teresa Romero, and Jul 5. “Gini Coefficient: Wealth Inequality in El Salvador.” Statista,July 5, 2021.https://www.statista.com/statistics/983230/income-distribution-gini-coefficient-el-salvador/. “Remarks by President Obama after Meeting with Central American Presidents.” National Archives and Records Administration. National Archives and Records Administration. Accessed August 8, 2021. https://obamawhitehouse.archives.gov/the-press-office/2014/07/25/remarks-president-obama-after-meeting-central-american-presidents. Riney, Lt Col Thomas J. “How Is MS-13 a Threat to US National Security? .” AIR WAR COLLEGE AIR UNIVERSITY , February 12, 2009. https://apps.dtic.mil/sti/pdfs/ADA540139.pdf. Rivera, Mauricio. “Drugs, Crime, and NONSTATE Actors in Latin America: Latin American Politics and Society.” Cambridge Core. Cambridge University Press, October 12, 2020. https://www.cambridge.org/core/journals/latin-american-politics-and-society/article/abs/drugs-crime-and-nonstate-actors-in-latin-america/67CF0B66AB8673D0C50F2F99AC93A1B7. Schneider, Mark. “Where Are the Northern Triangle Countries Headed? And What Is U.S. Policy?” Center for Strategic and International Studies (CSIS), July 9, 2021. https://www.csis.org/analysis/where-are-northern-triangle-countries-headed-and-what-us-policy. Seelke, Clare Ribando. “CRS Report for Congress.” El Salvador: Political, Economic, and Social Conditions and U.S. Relations, November 18, 2008. https://doi.org/https://www.refworld.org/pdfid/4951ec75e.pdf. Silva Avalos, Hector. “Corruption in El Salvador: Politicians, Police, and Transportistas.” SSRN, April 2, 2014. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2419174. Sleinan, Julett Pineda. “Salvadoran Court: Ex-President and Wife Guilty of Illicit Enrichment.” OCCRP. 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In the process of active globalization, an important task of the economic agenda of any country is to ensure mutual comparability of statistical indicators. This can be achieved through the implementation of internationally approved methodologies and modern standards. The System of National Accounts is at the top of the economic pyramid. The implementation of SNA 2008 was envisaged by the Association Agreement with the European Union. In 2008, the United Nations, European Commission, International Monetary Fund, World Bank and the Organization for Economic Co-operation and Development jointly released The System of National Accounts, 2008 (2008 SNA). This update better reflects the changing economic landscape and the advances in methodological research, data sources and compilation methods and provides clarification on a number of issues not clearly stated in the 1993 SNA. Timely, relevant and comprehensive national account information is a significant intellectual asset for any country, and serves important functions. Like any asset the national accounts depreciate with time. Therefore, periodic new investments are crucial, to ensure that they continue to provide high quality services to their users. Implementing 2008 SNA improved the relevance of a country’s national accounts information. In the new version of SNA, changes were introduced in various directions: updates in calculation methods, improvement of data sources, introduction of an international approach to the coverage of the economy and other methodological changes, which include the introduction of new classifications, the use of the accrual method for taxes, a change in the base period (instead of 2010, the base period 2015 is used instead of the period) and many others. Updated calculation methods were introduced in the following direction: Changes in the Financial Intermediation Services Indirectly Measured (FISIM); Improving the calculation of Imputed Rent of Own Occupied Dwellings; Capitalization of costs related to Research and Development (R&D) and others. The factor of improving the data source should also be emphasized. In this regard, it is worth noting: updating the structure of intermediate consumption on the basis of a special surveys; Special survey conducted in various sectors of economy, such as agriculture, construction, hotels and restaurants and ect. Other methodological changes include also the use of new classifications, change of the base year (2015 instead of 2010). During the implementation of new standards and methodologies, many countries face a number of challenges. In many ways, national accounts data represent an important part of a country's economic history. Of course, it is more acceptable for users to have a continuous and consistent time series, which simplifies its use in economic modeling. However, as already mentioned, this process is associated with certain difficulties, among which access to historical rows of updated data sources is noteworthy. In such cases, they need to develop models that put new concepts and methodologies into historical perspective. In order to harmonize with the indicators of the previous period, Georgia has recalculated the historical data series since 2010. The introduction of the new methodology and the above-mentioned updates caused changes in the total volume of GDP. During the implementation of new methodologies and standards, and therefore the recalculation of historical dynamic series, another important challenge is to inform users about all changes and how each change affected the main macroeconomic indicators. At the same time, users should understand that the change of methodologies and their implementation in practice is an ongoing process by which the country strives to comply with international standards. This is vitally necessary to ensure continuity of the country's integration into the world economic system and future sustainable development. Keywords: The System of National Accounts 2008, Financial Intermediate Service Indirectly Measured (FISIM), Non-observed economy, Research and Development (R&D).

The International Boundary Commission (IBC) is a permanent organization established by bilateral treaty to maintain an effective land and water boundary between Canada and the United States. It exercises regulatory powers under treaty and statute relating to boundary vista protection and transboundary construction. There have been boundary anomalies and ambiguous boundary descriptions. The peaceful resolution of several boundary disputes and uncertainties by the Commission has contributed to the preservation of national sovereignty. Its activities can be likened to those of an insurance underwriter.

As reflected in the April 2006 issue of the Financial History Review, monetary historians remain divided over the central features of the US monetary union and their contribution to US economic development. In that issue – which focused on the monetary union formed by the Constitution and early federal monetary legislation – Ronald Michener and Robert E. Wright focused on the creation of a uniform unit of account defined in terms of specie. The establishment of a uniform unit of account ‘simplified domestic and international transactions’ compared with the colonial period when ‘[e]conomic calculations across regions were complicated by the fact that people had to reckon with different units of account, without the aid of electronic calculators’. By contrast, Richard Sylla emphasised the role the Bank of the United States played in reducing the costs and risks of clearing and settling interregional payments. An institution, like the Bank, that operated on a national scale was particularly important in the United States because of the limited geographical scope of state bank operations. The Bank's notes and deposits became a truly national monetary standard, and the Bank helped to maintain the value of state bank notes, the principal means of cash payment in the antebellum economy, by enforcing par redemption.

This paper seeks to identify the problems, challenges, and the implications of introducing a common currency 'ECO' in West Africa on the economies within the sub region. Specifically, the study focuses on the mandates of trade, the Customs, Immigration and Monetary and Payment Commission under the institution of the economic order of West Africa States. The augmented gravity model of Rose (1999), Alesina (2000), and Barro and Tenreyro (2002) was used to estimate the effects of monetary union on trade. The result shows that the performance so far of member countries as at the end of 2002 in meeting the convergence criteria revealed that it was inadequate to support the launching of the monetary union in 2004. The study concludes that though the introduction of a single currency will foster trade within the West-African sub-region, most countries have difficulty meeting the convergence criteria that will foster smooth take off of the project. It therefore recommends that the implementation of the single currency and common monetary policy in West Africa should be a gradual process as most countries within the sub-region are not politically mature, let alone to meet the convergence criteria.

The United States' monetary policy is a monetary policy that the world economy, including Indonesia, pays attention to and is wary of. Along with high inflation rates, the United States Central Bank The Federal Reserve (The Fed) tightened monetary policy more to maintain stability. This research is a descriptive qualitative research type. The purpose of this research is to find out how the policy of Bank Indonesia towards the increase in the Fed. Through the explanation in this research, it is found that Bank Indonesia makes monetary and financial sector policies as well as maintains macroeconomic and financial system stability and encourages national economic recovery.

Much of the human research conducted in the United States or by U.S. researchers is regulated by the Common Rule. The Common Rule reflects the decision of 17 federal agencies, including the Department of Health and Human Services (whose regulations appear at 45CFR46), to require that investigators follow the same rules for conducting human research. (The Food and Drug Administration [FDA] has its own rules (at 21CFR50 and 21CFR56), though there is significant overlap with the Common Rule.) Many of the obligations delineated in the Common Rule can be traced back to the work of the National Commission for the Protection of Human Subjects of Biomedical and Behavioral Research (hereafter the National Commission). The National Commission was appointed in 1974 as part of the National Research Act (P.L. 93-348) in response to revelations about serious abuses involving human subjects, most notably the Tuskegee/United States Public Health Service Syphilis Study.

Inflation targeting is the monetary strategy of all EU member states; whether in the euro area, the two euro-outs, Sweden and the United Kingdom. The latter are now faced with two alternatives to achieve price stability: either remain outside the euro area or join it as full-fledged members. This paper examines this policy choice starting from the views of Knut Wicksell, who considered it in his 1920s analysis of an international monetary system based on price level targeting. Price stability could be achieved either within every country by maintaining flexible exchange rates or jointly on a global scale through a system of fixed exchange rates, that is through a monetary union. To him this was a choice between two ‘evils’: fluctuating price levels in the member states of a global monetary union while the average price level is maintained constant versus fluctuating exchange rates in the absence of a monetary union. To Wicksell, the choice of the proper route towards price stability was less complicated than today because he analysed it solely in monetary terms. The current choice for Sweden and the United Kingdom involves other crucial dimensions, such as the existence of nominal rigidities, and the politics of domestically issued money. Political aspects concerning the euro will be the ultimate determinants of the future monetary path for both countries.

ABSTRACTThe Anglo-Irish Treaty of 1921 provided monetary independence to the newly established Irish Free State. The existing historiography views Irish monetary and banking policy post-independence as following British precedent in terms of the structure and design of state monetary institutions. However, this article considers how Professor Henry Parker-Willis's experience of establishing the United States (US) Federal Reserve system in 1913 had a direct impact on his work as chair of the Irish banking commission in 1926. This research highlights that Parker-Willis played a significantly more important role in formulating the Irish Currency Act 1927 than is currently recognized. It further identifies that Parker-Willis's design for a wholly independent, non-political Irish currency commission was primarily based on his disillusionment with the political interference then evident in the management of the Federal Reserve system. This article, therefore, challenges the dominant view that Irish monetary institution building in the 1920s automatically followed British precedent, but rather identifies the direct influence of US monetary structures on the development of Irish institutions. This is an internationalist dimension not recognized in the existing historiography.

Two recent failures of the U.S. intelligence system have led to the creation of high-level investigative commissions. The failure to prevent the terrorist attacks of 9/11 prompted the creation of the National Commission on Terrorist Attacks Upon the United States (2004), or 9/11 Commission.The mistaken belief that Saddam Hussein had retained weapons of mass destruction prompted the creation of the Commission on the Intelligence Capabilities of the United States Regarding Weapons of Mass Destruction (2005), or the WMD Commission. In this paper, we use insights from organizational economics to analyze the principal organizational issues these commissions have raised in the ongoing discussion about how to prevent intelligence failures.

Purpose When sectoral shocks hit a large, regionally heterogeneous economy, it is likely that regions with sectoral specialization will be affected in different ways. In these cases, it might be optimal for the country to decentralize the currency into a number of regional currencies, thus allowing for differentiated monetary policy. The paper aims to discuss these issues. Design/methodology/approach The author explicates the potential benefits and costs to decentralization. The author also highlights characteristics that should be satisfied in order to consider multiple currencies. This paper uses a theoretical and empirical model to test if the USA contains regional optimal currency areas. The author tests five potential divisions of the states into monetary subunions. Findings One of these divisions is proven to result in higher welfare (a 2 percent increase) than the status quo national monetary union. Thus, the USA is not an optimal currency area, and monetary decentralization could be a feasible and welfare-improving option for future policy. Originality/value There have been no previous studies of monetary divisions. Given the importance of fiscal decentralization, it is important to also understand the implications of monetary decentralization.

In South Korea, specific work procedures have not been established to activate the alternative dispute resolution before and after labor disputes in the relief procedure. In particular, there is no special law that can uniformly and consistently apply the alternative solutions to labor disputes, and the subjects, procedures, and contents of the application are scattered in the Trade Union and Labor Relations Adjustment Act or the Labor Relations Commission Act. Nevertheless, the Labor Relations Commission actively participates from the collective bargaining stage, or the local labor commission leads the cooperation from the local governments to deploy the experts of alternative dispute resolution from the community. Therefore, in order for South Korea to actively introduce and revitalize the methods of alternative dispute resolution in labor cases, it is firstly necessary to establish the legal bases, procedures, and contents for the alternative dispute resolution. Therefore, this paper aims to derive implications after examining the ADR procedure in the case of unfair labor practices and employment discrimination in the United States. Firstly, the ADR procedure in the United States provides the legal basis in accordance with the Administrative Dispute Resolution Act of 1996, a federal law. Specifically, the ADR procedures and contents of unfair labor practices and employment discrimination cases can be found through the Federal Code of Regulations. Secondly, the agency conducts the ADR procedures according to the work in charge of each agency. In other words, it means that the division of labor by agency is possible depending on the task in charge. Thirdly, the timing of the commencement for the ADR procedure is possible even before applications for unfair labor practices and employment discrimination relief are received. In other words, the ADR procedure may proceed at any stage before and after the issuing for relief. Fourthly, the ADR procedures are based on spontaneity, neutrality, confidentiality, and enforceability. Therefore, either party may withdraw the ADR at any time, and is left at the sole discretion of the party, without incurring any charges or expenses. Fifthly, the National Labor Relations Board has signed the agreement with the Equal Employment Opportunity Commission to provide mediators, while the Equal Employment Opportunity Commission uses not only internal mediators but also external contract mediators. Sixthly, the Employment Equality Opportunity Commission enters into the universal mediation agreement with employers. In other words, the Employment Equality Opportunity Commission encourages employers to enter into the universal mediation agreement to utilize the mediation at the regional, local, or national level. Seventhly, the National Labor Relations Board's ADR reconciliation and withdrawal rate and the Equal Employment Opportunity Commission's adjustment resolution rate exceed 70%, so its effectiveness is excellent.

A convertible US-dollar monetary union was the least controversial component of the US financial revolution of the early 1790s. Although the fiat paper currencies of the colonies before 1776 sometimes worked reasonably well, the founders had good reasons for the constitutional ban on their continuance by US states. The ban, a surrender of states' sovereignty over money, at the time proved to be relatively uncontroversial for two reasons. One is that the financial revolution lightened the fiscal burdens of states by assuming their debts and making them part of the national debt. The other is that states quickly learned that chartering banks could accomplish virtually all of the legitimate purposes of state fiat money issues, and possessed additional economic and political advantages.

The paper is devoted to the study of anti-Russian sanctions imposed by the United States of America and foreign states and international organizations that have joined them, as well as the analysis of measures aimed at countering unfriendly actions undertaken against the monetary system of the Russian Federation. The paper examines the historical aspects of the anti-Russian policy of Western countries, analyzes provisions of regulatory legal acts and other official documents adopted by the United States and the countries of the European Union, aimed at destabilizing payment and currency relations in Russia. The authors investigate the counter-sanctions policy and measures aimed at ensuring the stability of the Russian monetary system in general and the national payment system in particular. It is concluded that the use of the dollar and the euro as a weapon of sanctions war, the practice of confiscating reserves and assets of countries pursuing policies that do not correspond to the interests of the United States and dependent states, restricting access of financial institutions of “rogue countries” to American and European financial resources, disconnecting credit institutions from SWIFT, and other sanctions inevitably lead to the formation of a parallel international financial system, of which a fundamentally new international monetary system will become a part.

Tony Atkinson’s death at the beginning of 2017 deprived economics of one of its leading contributors to research on public economics, inequality, poverty and the welfare state. This article focuses on his last official role, as Chair of the World Bank Commission on Global Poverty. The report of the Commission – already referred to as the Atkinson Commission – proposes a new approach to measuring and monitoring the global poverty reduction targets established as part of the Sustainable Development Goals agreed by the United Nations in 2015. Atkinson developed the framework and provided the academic impetus to the work of the Commission and wrote much of its report, assisted by comments provided by an Advisory Board of eminent experts in the field and a smaller working group of selected members. The article describes some of the main features of the report’s 21 recommendations, focusing on the measurement of poverty in both monetary and non-monetary dimensions and its attempt to draw together national and global efforts to measure and reduce poverty in all its forms. It concludes with a discussion of the implications of the new approach for Australia, which like many other developed countries has so far failed to engage actively with the debate over addressing extreme global poverty. JEL Codes: D63, I32

The author of the article has made an attempt to analyze the consequences of the monetary methods in regulating the national economy in order to contain the inflation processes, exampled by the leading capitalistic countries (the United States and the United Kingdom in the 1970–1980’s). The article shows some vital aspects for the economy of any state. The additional measures of containment the inflation processes of the non-monetary character but able to influence on this situation without any negative consequences for the real economic sector, are being formulated.

ABSTRACTIn the United States, civil common carrier telecommunications are provided by private companies, not by any agency of the government. Regulation of these services and spectrum management oversight is provided by the Federal Communications Commission (FCC), an agency of the government. Government telecommunications are operated by individual agencies, e.g. the Department of Defense, under the overall regulation of the Office of Spectrum Management of the National Telecommunications and Information Administration (NTIA), a government body separate from the FCC. In bands shared by the civil and government sectors, liaison and coordination is effected between the FCC and the NTIA.

Free trade is part of neo-liberal economics, which is centred on the free market principles of limited government regulation and private sector competition. Free trade focuses on the elimination of trade barriers and tariffs. In Canada, the movement toward free trade began in 1985 with the Royal Commission on the Economic Union and Development Prospects for Canada, which encouraged free trade between the United States and Canada, and concluded with the 1988 federal election that sealed Canada’s fate within economic union with the United States. This article will combine a Neo-Marxist and Political Process Theory framework to address how during the period from 1985 to 1988, Canadian social movements adopted innovative tactics and mobilized against free trade to gain greater influence over trade policy. Keywords: free trade; social movements; Canada; United States; Auto Pact; United Steel Workers; Canadian Auto Workers, National Action Committee on the Status of Women; Council of Canadians; Macdonald Commission

On the eve of the presidential inauguration, the U.S. health system faces rising costs of care, growing numbers of uninsured, wide variations in quality of care, and mounting public dissatisfaction. Despite spending more on health care than any other country, a recent Commonwealth Fund Commission on a High Performance Health Care System National Scorecard reports that the United States is lagging far behind other major industrialized countries — all of which provide universal health insurance — in five key domains: healthy lives, access, quality, equity, and efficiency. U.S. national performance is well below benchmarks of top performance set by other countries or high performing states, hospitals, or health plans within the United States, with broad disparities in experience depending on geographic location, income, race/ethnicity, and insurance coverage. National leadership is required to manage the growing health care crisis in the United States and improve care for all Americans.

The COVID-19 pandemic has had a significant influence on the economies of many different nations in the world. When the economy suffers a severe blow, monetary policy should help it get back on its feet. Building the home market and maximizing industrial allocation is now especially crucial because the COVID-19 outbreaks have made it difficult for countries to conduct normal commercial exchanges. The COVID-19 also exhibits the traits of persistent global epidemics. Every new outbreak of the disease has a detrimental effect on the economy and severely undermines consumer confidence. National monetary policy from the world's major central banks was quicker, broader, moreover, the response to the economic and financial crisis of COVID-19 was more broad than the one to the global financial crisis of 2008. The response of three major nations, including the United States, the United Kingdom, and China, to the COVID-19 will be critically analyzed in this paper. However, there are many potential threats to the government's easing of monetary policy to keep the economy stable while stopping the spread of the pandemic, which means that persistently low interest rates are no longer a sustainable option. Therefore, balancing the financial chaos and social problems caused by monetary policy is the key to ensure the sustainable development of the country.

The paper examines the range of currency and exchange rate regimes choices facing small countries living next to large currency blocs, such as the euro area and the United States. It draws on Canada's successful experience in the 1990s with a flexible exchange rate and explicit inflation targets to argue that such a monetary rule may be the appropriate policy alternative for small countries in this situation such as the United Kingdom or Norway, that are unwilling to surrender their national currency or their monetary independence for economic or political reasons. Because the Canadian economy is more dependent on the production of natural resource products than the economy of its major trading partner, the United States, Canada's flexible exchange rate plays a valuable role in helping to stabilise the Canadian economy in the face of global shocks to natural resource prices.

The author describes the specific features of public policy process at the European Unionlevel and its differences related to policy-making at national level. He underlines, amongother things that the policy agenda in the European Union is being shaped differently.At the national level the agenda is under greater influence of politicians who are closelyinterconnected with voters. At the European Union level the technocratic (not directlyelected) European Commission has a monopoly of legislative initiative. Furthermore, atthe European level feasibility studies – as an element of the pre-decision stage in publicpolicy-making – tend to be ignored. In nation-states we can see such analyses as a resultof competition taking place between those who rule and their political opposition. Atthe European Union level it is not the case. The author points out that these mechanisms would have been beneficial for the EU member states. They would have haltedthe implementation of decisions which ran the excessive risk. He has also in mind thedecision related to the introduction of the monetary union. In his opinion, this decisionwas made without a proper feasibility analysis (costs and profits). Basically, the decisionon a common currency was made on political rather than substantive grounds. A largenumber of experts were against the idea as they perceived serious risks involved in it.The supporters of greater European integration ignored the fact that the monetary uniondeprived nation-states of many factors that affected the economic development in a positive way. The point is that they were under influence of “total optimism” expecting only good results of the monetary union. The mechanisms of crisis management, including exitscenario from the monetary union, or methods of supporting those members who needfinancial aid, have not been even created. Furthermore, the evaluation of the monetaryunion was not properly carried out as it was based on the assessment of the process (forexample, smooth introduction of euro notes and coins or phasing out of the nationalcurrencies in 2002) and not of its results

Antitrust law in the United States—framed in the Sherman, Clayton, and Federal Trade Commission (FTC) acts and their subsequent amendments—establishes a policy toward industrial concentration and business practices that sets the United States apart from other industrial democracies. In Europe and Japan, large-scale industry has been perceived as a national and international asset and, while particular abuses may be condemned at the government's discretion, emotional antibigness rhetoric and statutory prohibition of monopolistic practices are largely absent.

Monetary policy stands as a pivotal instrument for macroeconomic management, pivotal in stabilizing economies, fostering growth, and mitigating inflationary pressures. In the wake of global financial upheavals, the efficacy and adaptability of monetary policy have garnered heightened scrutiny. The United States, boasting the world's largest economy, and the Federal Reserve, a stalwart among central banks, wield profound influence on global financial dynamics via their policy decisions. Each action taken by the Federal Reserve reverberates across borders, profoundly impacting numerous nations. Amidst global financial turmoil, the Federal Reserve's role assumes paramount significance. These crises inflict profound repercussions on both national economies and individual livelihoods. This paper endeavors to delve into the historical influence of United States monetary policy and the Federal Reserve on global financial crises, scrutinizing their interventions and assessing their efficacy. By tracing their impact across different epochs, this study aims to provide insights into the mechanisms through which monetary policy shapes the trajectory of global financial crises, shedding light on avenues for improvement and resilience-building measures.

Abstract More than 2,000 international criminal trials were conducted at the end of World War II in addition to those held by the International Military Tribunals (IMTs) at Nuremburg and Tokyo. Fifteen national tribunals conducted these trials in conjunction with an international war crimes commission established by these same states in October 1943 under the name, The United Nations Commission for the Investigation of War Crimes, that soon became the United Nations War Crimes Commission (UNWCC). The extensive work of the UNWCC and these tribunals serves as a source of customary international criminal law that relates directly to the current work of the International Criminal Court and the ad hoc tribunals in operation since the 1990s.

In 1981, in response to growing concerns that the United States was falling behind the rest of the world educationally, the federal Secretary of Education created a national commission on excellence in education. This commission was charged with gathering data about the status of U.S. education compared to the rest of the developed world and to define the problems which would have to be faced to successfully pursue the course of excellence in education.

ABSTRACT The IMF’s recent loan to Brazil is the best seen as a mechanism of political control rather than economic assistance, except in a very unsustainable short run. Thus hard choices between the priorities of Brazil’s working population and those of international creditors cannot be avoided. This essay explores policy options, and goes on to suggest that while the financial sector is certain to dominate American policy discussion in these matters, it would be wiser to view the larger national economic interest of the United States as aligned with those who advocate stable and sustainable national development in Brazil.

The United States Federal Communications Commission delivered to Congress a national broadband plan in 2010. The purpose of this article is to analyze key economic arguments involving the development of the broadband plan addressing open network and competition issues, to make recommendations to the Commission in its formulation of federal policy as to positions that make the most economic sense, and to indicate recent economic and legal developments in broadband markets since publication of the broadband plan. One critical issue prior to the development of the broadband plan and subsequent to its publication is the competitiveness of the Internet Service Provider market. There is emerging evidence that, at least with respect to very high-speed broadband markets, a cable monopoly may be looming. The authors continue to predict with confidence that technological innovations are likely to make many opposing legal arguments obsolete in the near future.

In the past century, the international monetary system has undergone obvious changes, from the domination of the British pound to the domination of the US dollar, and then to the emergence and strengthening of "de-dollarization", which is also in line with the trend of The Times of economic multi-polarization, and the multi-polarization of the monetary system has become the trend of history. However, whether in foreign exchange reserves, international trade pricing and settlement, or due to the strong comprehensive national strength of the United States, it can be said that the US dollar will remain stable for a long time, and the international monetary system will remain relatively stable. How to maintain the stability and development of the national economy in emerging economies under the transformation of the old and new monetary systems, and how to develop the international monetary system will be an important proposition of the times.

GNP growth in the major seven economies continues to decline from the cyclical peak reached in 1988. The latest national accounts statistics show that all major seven economies are now growing more slowly than they did last year, with the United States, United Kingdom and Canada in recession. This slowdown in activity appears to have been caused primarily by the tightening of monetary policy that occurred between 1988 and 1990. Short-term interest rates rose by 4.4 percentage points in Germany between 1987 and 1990, by 3 percentage points in Japan between 1987 and 1990, and by 2.2 per cent in the United States between 1987 and 1989.

The impact of renewables on the energy markets–falling wholesale electricity prices and lower investment stability–are apparently creating a shortage of energy project financing, which in future could lead to power supply shortages. Governments have responded by introducing payments for capacity, alongside payments for energy being sold. The increasing use of capacity mechanisms (CMs) in the EU has created tensions between the European Commission, which encourages cross-country cooperation, and Member States that favour backup solutions such as capacity markets and strategic reserves. We seek to trace the influence of the European Commission on national capacity markets as well as learning between Member States. Focusing on the United Kingdom, France and Poland, the analysis shows that energy security concerns have been given more emphasis than the functioning of markets by Member States. Policy developments have primarily been domestically driven, but the European Commission has managed to impose certain elements, most importantly a uniform methodology to assess future supply security, as well as specific requirements for national capacity markets: interconnectors to neighbouring countries, demand side responses and continuous revision of CMs. Learning from other Member States’ experiences also play a role in policy decisions.

In his papers during the lead up to the birth of the European Monetary Union, Obstfeld considered whether the countries forming the EMU were sufficiently similar to survive a single monetary policy--and more importantly, whether they had the capacity to adjust to asymmetric shocks given a single monetary and exchange rate policy. The convention at the time was to take the United States as the baseline for a smoothly functioning currency union. We document the evolution of the literature on regional labor market adjustment within the United States, expanding on stylized facts illustrating how stratification in local labor market outcomes appears far more persistent today than 30 years ago in the context of what Obstfeld and Peri (1998) call non-adjustment in unemployment rates. We then extend the currency union literature by adding an additional consideration: differences in regional cyclical sensitivity. Using measures of cyclicality and Obstfeld-Peri-type non-adjustment, we explore the characteristics of places that can get left behind when local labor markets respond differently to national shocks and discuss implications for policy.

The open skies court judgments of the European Court of Justice relate to legal action brought by the European Commission seeking a declaration against eight member States which had signed bilateral air services agreements with the United States. The contention of the Commission was that the defendant Member States were in flagrance of their duty and obligations under Articles 10, and 43 in particular of the EC Treaty and that, according to EC law, only the Commission was competent, on behalf of its Member States, to conduct negotiations and to enter into agreements pertaining to market access and other related commercial aviation issues. While the Court refused to draw the inference that only the Commission could conduct negotiations and enter into agreements in the manner claimed, it brought to bear one clear principle in its judgments, that the traditional national ownership and control clauses of the bilateral agreements in question clearly eroded Articles 10 and 438 of the EC Treaty. It was the view of the Court that the clauses in question permitted the foreign party, i.e. the United States, to withdraw, suspend or limit operating licences or technical authorisation of an airline designated by the European States that were parties to the action if a substantial part of the ownership or effective control was not vested in that State or its nationals. These decisions may have far reaching consequences for the manner in which future competition laws and frameworks within the European Union may unfold. This article examines implications and possible scenarios in that context.

The Commission on Sustainable Development (CSD), the intergovernmental body set up to review the implementation of Agenda 21, is in more than one way crucial for the future development of the United Nations system. The Commission is the first organisation within the United Nations system which institutionally links environment and development. In these policy areas, two integration processes can be distinguished. First, environment and development initiatives have to be taken into account in all other areas of policy and law-making, including such important fields as foreign policy and national and international security. Secondly, the interests of actors on the global stage, including states, intergovernmental and non-governmental organisations, are becoming more and more interrelated and convergent.

The 2012 World Leisure Congress (hosted by the World Leisure Organization) took place in Rimini, Italy, from September 30 to October 3. The World Leisure Organization currently has 12 global commissions on various topics (eg, children and youth, leisure education, tourism and the environment, and women and gender), which is focused on having global interactions and discussions related to the three main objectives of research, information dissemination, and advocacy.1 The purpose of this article is to summarize the World Leisure Commission on Accessibility and Inclusion academic labor related to the topic of global therapeutic recreation. To this end, the question at hand for this global commission to discuss was as follows: Is the United States National Council for Therapeutic Recreation Certification (NCTRC) an appropriate credentialing framework for professionals in different countries who are dedicated to working with people with disabilities/special needs in the area of accessibility, inclusion, and therapeutic recreation? The purpose of this article is to share, to the wider United States therapeutic recreation profession, responses and thoughts of members of the global therapeutic recreation commission.

The third of three episodes in a major natural experiment in monetary policy that started more than 80 years ago is just now coming to an end. The experiment consists in observing the effect on the economy and the stock market of the monetary policies followed during and after three very similar periods of rapid economic growth in response to rapid technological change: the booms of the 1920s in the United States, the 1980s in Japan and the 1990s in the United States. In this experiment, the quantity of money is the counterpart of the experimenter's input. The performance of the economy and the level of the stock market are the counterpart of the experimenter's output. The results of this natural experiment are clear, at least for major ups and downs: what happens to the quantity of money has a determinative effect on what happens to national income and to stock prices. The results strongly support Anna Schwartz's and my 1963 conjecture about the role of monetary policy in the Great Contraction. They also support the view that monetary policy deserves much credit for the mildness of the recession that followed the collapse of the U.S. boom in late 2000.

During the ongoing COVID-19 pandemic, which is widely regarded as one of the most significant crises in human history, both China and the United States, being prominent global economies, implemented fiscal and monetary policies that were tailored to their own national contexts. Due to the substantial scale of their governmental structures and economic systems, conducting a comparative analysis of policy efficacy between these two nations has evolved into a multifaceted subject within the field of economics. The research aims to conduct a comparative analysis of the behavior and effectiveness of macro-stimulative fiscal policies in China and the United States, specifically focusing on their linkage with the monetary policies issued by the respective central banks. The primary objective is to examine how these policies contribute to the enhancement of economic vitality in both nations. In addition to analyzing the effectiveness of these policies, this study will investigate the adverse effects of these policies on the economies of the two countries.

The author discusses recent developments and ongoing issues related to regulatory authorities, contracts and pipeline matters affecting the gas industry in California, in comparison to elsewhere in the United States and Canada. Included is a review of some of the more important decisions of the Federal Energy Regulatory Commission, the California Public Utilities Commission and the National Energy Board. This paper is solely the work of the author. The views expressed herein do not necessarily represent the views of the author's firm or any client of that firm.

This special issue of the Financial History Review contributes to the vast literature on the political economy of monetary unions. Inspired by the recent events in Europe, it reaches back in history to consider an earlier experiment in forming a monetary (as well as economic and political) union. In this historical case the pivotal event was the ratification of the United States Constitution in 1788, two centuries before the Maastricht Treaty. Between formal independence in 1781 and the implementation of the Constitution reforms in 1789, the fledgling country was organised politically into a loose confederation of thirteen, virtually sovereign states. Despite the nominal powers granted to the national government under the Articles of Confederation, it lacked the direct means to collect taxes and to enforce its policies. Consequently, during this brief period, state governments could and did pursue their own economic and monetary policies.

The article considers the prospects of Ukraine’s cooperation with the Intergovernmental Oceanographic Commission of UNESCO in the scope of the forthcoming United Nations Decade of Ocean Science for Sustainable Development. According to the resolution adopted on the 72nd Session of the UN General Assembly, the Decade is to begin on January 1, 2021 and take place within the existing structures and available resources. The purpose of the Decade is to implement the objectives of the Sustainable Development Goals, namely “Conserve and sustainably use the oceans, seas and marine resources for sustainable development”. The Intergovernmental Oceanographic Commission of UNESCO (IOC), maintained by Member States, facilitates international cooperation and the coordination of programs to deepen knowledge about the nature and resources of the oceans and coastal areas. The IOC is currently finalizing draft implementation plan for the Decade (2021—2030) in consultation with Member States, specialized agencies, funds, programs and bodies of the United Nations, as well as other intergovernmental organizations, nongovernmental organizations and relevant stakeholders with the aim to identify specific objectives, crosscutting issues and key Decade`s themes. Ukraine’s membership in the IOC UNESCO is strategically focused on expanding international cooperation of domestic scientific and educational institutions by ensuring their participation in the program activities of the organization. There should be only one national coordinating body for liaison with the Commission within each IOC member state. Unfortunately, in Ukraine there is no such legitimate coordinating body today. Considering the intergovernmental character of the Commission, this officially designated body is governmental by nature and relies on institutional basis as well as answers directly to a ministry. Therefore, in accordance with the requirements of the IOC UNESCO it is necessary to establish the Interdepartmental National Oceanographic Commission as a national coordinating body in Ukraine that will determine one or two coordinators, a professional national correspondent in the relevant IOC field, as well as representatives of intergovernmental programs and thematic groups.

In the current international monetary system, the adjustment mechanism does not work properly to eliminate the excessive surpluses/deficits on the current accounts of the major countries that participate in international trade. Consequently, the adjustment changes do not take place in an evolutionary way, through market changes or decisions taken by the national authorities. They are the result of crises that reflect the unfavourable macroeconomic situation in different countries. The article explains the functioning of the adjustment mechanism in the contemporary international monetary system and the circumstances in which significant imbalances emerge at the global (US–China) level. Increasing external imbalances are an immanent systemic feature of the contemporary international monetary system. The lack of an adjustment mechanism in this system leads to the potentially cyclical emergence of such imbalances and their correction by crises. Thus, the current post‑crisis period may only be a stage before the next period of growing imbalances. The remedy for this threat lies in correcting the existing principles of the system.

We use daily short-term interbank interest rates of France, the United Kingdom, and the United States to examine the dynamic links of international monetary markets from 2004 to 2009. Results from vector error-correction models and smooth-transition error-correction models show strong evidence of nonlinear and heterogeneous causalities between the three interest rates. We also find that changes in the U.S. interest rate deviations from the long-run equilibrium led those in France and in the United Kingdom by one to two days. Finally, the national interest rate nexus appears to converge in nonlinear fashion toward a steady state because it is subject to structural change beyond a certain rate threshold. Our findings have important implications for the actions of leading central banks (ECB, Bank of England, and U.S. Fed) because the joint behavior of short-term interest rates can be viewed as an indicator of the degree of central banks' policy interdependence.

UNESCO is the only United Nations (UN) agency to have a global network of national cooperating bodies known as National Commissions. The National Commissions are part of the overall constitutional architecture of the organization as it was conceived by its founders. Presently, National Commissions operate in all Member States of UNESCO. They constitute a truly global family which includes a vast network of stakeholders, partners and experts. They offer a comparative advantage to the organisation within the United Nations system. Article VII (1) of the UNESCO Constitution stipulates that “Each Member State shall make such arrangements as suit its particular conditions for the purpose of associating its principal bodies interested in educational, scientific and cultural matters with the work of the organisation, preferably by the formation of a National Commission broadly representative of the government and such bodies” (UNESCO 2020:15). Thus, it is the constitutional obligation of each Member State to set up a National cooperating body (National Commission) or make such institutional arrangements whose principal objective is facilitating involvement of various government Ministries, Organisations and Agencies (MOAs), institutions, universities, NGOs and individuals in the work of the Organisation. While the realisation of UNESCO’s goals is primarily entrusted in governments, the National Commissions are expected to function as an indispensable platform where national interests, ideas and cultures are represented and interact. This review describes the contribution of the Malawi National Commission for UNESCO to strengthening communication and information capacities in Malawi to fill a perceived gap in information among some stakeholders both within and outside Malawi.