Israel,the Arab Spring,and the unfolding regional order in the Middle East: a strategic assessment

Since 2011, geo-strategic interactions have exerted pressure on various political communities. In particular, uncertainty over the foreign policy intentions of new leadership elites and the nature of the unfolding regional security system in the Middle East have impacted the strategic questions Israel must answer: how can Israel rationally assess the new environment? What foreign policy approach would best serve Israel’s distinct national interests? Using insights from the levels-of-analysis framework and from the realist theory of International Relations, this article aims to explore Israel’s reading of recent regional developments and its attitudes and behaviours towards the attendant and emerging strategic challenges. The analysis reveals that the Arab Spring uprisings exacerbated the already anarchic Middle East environment, aggravating mistrust and antagonism in Israel. The urgency of the attraction of protectionism and militarism in Israel was an expression of the realist approach to Israel’s primary strategic consolidation. With time, the regional dynamic has evolved into a more predictable—but still complex—structure than it was during its early phase (2010–2013). Although there have been signs of potential regional political eruptions, other developments have promoted continuity in the Middle East, which plays to Israel’s strategic advantage.     

Who’s afraid of an EU tax and why?—revenue system preferences in the European Parliament

The current revenue system of the EU is still structured like that of an organization based on intergovernmental cooperation, although the EU is already far advanced in legislative and political integration. This antagonism gives reason to discuss whether or not the EU should be granted an autonomous tax source. Our contribution to this debate explores the factors which shape the acceptance of the EU tax option among European policy makers. A self-conducted survey among Members of the European Parliament (MEPs), which resulted in a response of some 150 of the representatives, offers us a unique database. Concerning MEPs’ revenue system preferences, our findings confirm an important impact of party ideology and individual characteristics while they indicate that country-specific factors also contribute to understand the attitudes towards an EU tax. In the light of our findings the status quo bias in the revenue system of the EU can be attributed to the persistent importance of national interests with respect to tax policy.

Renewing IMF surveillance: Transparency, accountability, and independence

In this paper, we present a vision for IMF surveillance that seeks to produce a more accountable, transparent, and independent surveillance process. First, to make surveillance more focused, the IMF’s assessment should be principles-based; that is, the Fund should assess the overall coherence of exchange rate, monetary, fiscal and financial policies, with a view to analyzing their effects on external stability. Second, the IMF should have a governance structure that increases incentives to support candid, transparent assessments of surveillance. In practice, this entails a different role for the Executive Board: the Board will set out the Fund’s strategic framework for surveillance; the Managing Director and the staff will conduct surveillance. These reforms clarify the roles and responsibilities of the IMF and its member countries in the surveillance process. Also, our proposed reforms aim at making surveillance more even-handed and objective. We believe that this principles-based approach can bolster the credibility and legitimacy of surveillance, giving the Fund greater influence on the economic policies of members.

United we stand: Constituency homogeneity and comparative party polarization

We argue that party polarization is a function of parties' distances, their internal homogeneity, and their relative sizes. While existing measures in political science incorporate the first and last feature, party homogeneity is typically neglected. Since virtually all polarization measures in one way or another incorporate distance, we suggest a simple way to adjust distance measures for party homogeneity. We then examine levels and trends of polarization in nine OECD countries using a newly collected data-set which includes left–right party positions based on both expert and mass surveys.     

The Governance of Blockchain Financial Networks

Since the emergence of the virtual currency Bitcoin in 2009, a new, Internet‐based way of recording entitlements and enforcing rights has increasingly captured the interest of businesses and governments. The technology is commonly called ‘blockchain’ and is often associated with a closely related phenomenon, the ‘smart contract’. The market is now exploring ways of using these concepts for financial assets, such as securities, fiat money and derivative contracts. This article develops a conceptual framework for the governance of blockchain‐based networks in financial markets. It constructs a vision of how financial regulation and private law should set the boundaries of this new technology in order to protect market participants and societies at large, while at the same time allowing the necessary room for innovation.     

The flip side of power

Public Choice - In random voting, the committee chair, whose vote decides in the case of a draw, is more often decisive than ordinary voters. Therefore, in the power indices literature, the...     

Firm performance and privatization in Ukraine

Investigating the effects of privatization in transition countries is the focus of a large body of current research. Generally, privatization stimulates private sector development, attracts foreign direct investment, fosters competition and contributes to the formation of stock markets. In addition, privatization may improve individual enterprises’ performance. This paper investigates the impact of privatization on Ukrainian firms’ productivity. The empirical research is based on a sample of 466 Ukrainian joint-stock enterprises for the period of 1997–1999. Estimation results indicate that privatization positively influences labor productivity, sales and profitability, but also that these effects diminish over time.

Cable ties used as tool in homicide: relevance of the DNA analysis

An investigation of strangulation tools often reveals DNA of the victim. In some cases, DNA of the suspect can also be demonstrated, even in strangulation tools with a smooth surface like cables. The authors report a case of strangulation of two victims with cable ties. In addition, several used and unused cable ties were found at the crime scene. The DNA analysis detected DNA of the victims, but also genomic and mitochondrial DNA of various other persons not knowingly involved in the crime. Experiments with unused cable ties revealed that even a single handling of a cable tie may leave DNA traces. An enquiry of the companies selling cable ties showed that the cable ties are manually handled, so that foreign DNA must always be expected.