This paper uses a novel variant of identification through hetroscedacity to estimate spillovers across U.S., Euro area, Japanese, and UK government bond and equity markets in a vector autoregression. The results suggest that U.S. financial shocks reverberate around the world much more strongly than shocks from other regions, including the Euro area, while inward spillovers to the U.S. from elsewhere are minimal. There is also evidence of two-way spillovers between the UK and Euro area financial markets and spillovers from Europe to Japan. The results also suggest that the uncertainty about the direction of causality of contemporaneous correlations—an issue that other techniques cannot tackle—is the dominant source of uncertainty in the estimated impulse response functions.

Global Ireland offers a concise synthesis of globalization's dramatic impact on Ireland. In the past fifteen years, Ireland has transformed from a sleepy and depressed European backwater to the 'emerald tiger', a country with a booming economy based on knowledge and high-tech industries. Not long ago it was one of the poorest and most traditional countries in Europe, yet now it is one of the wealthiest and most cosmopolitan. Using a number of case studies of Ireland's transition, Tom Inglis explains what this means for traditional Irish culture and society, and offers an incisive social portrait of globalizing Ireland. Concise, descriptive, interdisciplinary and theoretically informed, this volume is an ideal introduction to Ireland.

Today most executives and managers need to have an international business and cross-cultural perspective. Global Competence includes 50 training activities and self-development exercises to prepare your personnel for international assignments, and develop better understanding of cross-cultural communication. Compiled by a team of experts from around the world, these ready-to-use activities have been tested and refined for a wide variety of international businesses and organizations. They are ideal for both preparing people to work, market, negotiate, and otherwise do business with people in Asia, Latin America, and Europe and to prepare foreign nationals for working in the U.S.

The Global Carbon Cycle and Climate Change: Scaling Ecological Energetics from Organism to the Biosphere, Second Edition examines the global carbon cycle and energy balance of the biosphere, following carbon and energy through increasingly complex levels of metabolism—from cells to ecosystems. Utilizing scientific explanations, analyses of ecosystem functions, extensive references, and cutting-edge examples of energy flow in ecosystems, this is an essential resource to aid in understanding the scientific basis of the role of ecological systems in climate change. Includes new chapters on dynamic properties of the global carbon cycle, climate models and projections, and managing carbon in the global biogeochemical cycle. - Addresses the scientific principles governing carbon fluxes at successive hierarchical levels of organization, from cells to the biosphere - Illustrates - through data and diagrams - the complex processes by which carbon moves in the global biogeochemical cycle - Provides new information on tipping points for climate change and why there are climate deniers

This book is the first systematic scientific study of global quasi-legislation. Taking public opinion and multilateral agreements as the international equivalent to national election and passing laws on the national scale, and extending nation-state concepts to a global society, it analyzes citizens' preferences and the state's willingness to enter into 120 multilateral treaties. After identifying the links as a first step toward conceptualizing quasi-legislative global politics, the book examines how each of the 193 states manifests quasi-legislative behavior by factor-analyzing six instrumental variables such as treaty participation index and six policy domains of multilateral treaties, including peace and trade. It then discusses global change between 1989 and 2008, and conceptually and empirically examines the three theories of global politics that originated during that period: the theory of power transition, theory of civilizational clash and theory of global legislative politics. Lastly, it proposes a theory of global legislative politics. Shedding fresh light on the transformative nature of multilateral treaties, this book attracts researchers and students in political philosophy, international law and international relations as well as practitioners and journalists. Inoguchi and Le have developed a genuinely original perspective on world politics, one that opens up a new research agenda for thinking about state and global actors simultaneously.-- Anne-Marie Slaughter, Bert G. Kerstetter '66 University Professor Emerita of Politics and International Affairs, Princeton University This is one of those books that warrant a global readership given its emphasis on the implied trust that we invest in public institutions as viewed from an interdisciplinary perspective. -- Richard J. Estes, Professor of Social Policy & Practice, University of Pennsylvania, Philadelphia, Pennsylvania This book is innovative and distinctive in carving out a new way to look at “global legislative politics.” I do not know of anything that compares in this interesting and novel niche of international relations analysis.-- William R. Thompson, Distinguished Professor and Rogers Chair of Political Science Emeritus, Indiana University

Leading academics and senior policy makers provide an international perspective on the changing role of the US Federal Reserve System.