Destabilizing effects of exchange-rate escape clauses [PDF]
Abstract This paper studies policy rules with escape clauses, analyzing as an example fixed exchange rate systems that allow member countries the freedom to realign in periods of stress. While well-designed, escape-clause rules can raise society's welfare in principle, limited credibility makes it difficult to implement such rules in practice. An EMS-
Maurice Obstfeld
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Enforcement, Private Political Pressure and the GATT/WTO Escape Clause [PDF]
We consider the design and implementation of international trade agreements when: (i) negotiations are undertaken and commitments made in the presence of uncertainty about future political pressures; (ii) governments possess private information about political pressures at the time that the agreement is actually implemented; and (iii) negotiated ...
Bagwell, Kyle, Staiger, Robert W.
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Escape from Noun Complement Clauses in Avatime
This paper discusses the status of island phenomena in Avatime, an endangered Kwa language of Ghana. We focus on clausal adjuncts, specifically noun complement clauses (NCCs). We show that while standard adjuncts are strong islands in Avatime, NCCs allow
Travis Major, Harold Torrence
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The application of the European Union fiscal rules in the COVID-19 pandemic crisis [PDF]
The paper examines the application of the European Union fiscal rules in the conditions of disturbances caused by the COVID-19 pandemic. Faced with a severe economic crisis, the European Union (EU) institutions for the first time activated a "general ...
Golubović Srđan
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The Impact of Intentional Breach of Contract on the Validity of Exemption Clauses (A Comparative Study in Civil Law, Common Law, and Islamic Legal Systems, with Emphasis on Judicial Practices and Jurisprudential Foundations) [PDF]
Failure to perform contractual obligations may be unintentional or intentional. Intentional breach represents the most severe form of contract violation, consequently leading to unique consequences not applicable in cases of unintentional breaches, among
Ebrahim Abdipour Fard, Rohollah Rezayi
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Scope of application of the generał rule in the Rome II Regulation
The purpose of the paper is to determine the scope of application of Article 4(1), which con- stitutes the general rule of the Rome II Regulation concerning the law applicable to non- contractual obligations.
Magdalena Wasylkowska-Michór
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Mjerodavno pravo za pomorske privilegije i države otvorenog upisnika
The nationality of ships as a point of contact to determine the applicable law for maritime liens has lost its importance, due, among other things, to the widespread use of open registries.
Irena Nišević
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Discussing EU Policies and Mechanisms towards the COVID-19 Pandemic Crisis: A Case Study of Greece
This paper discusses the effectiveness of EU economic measures towards the pandemic crisis in the case of Greece. As the pandemic crisis was an exogenous and symmetric crisis, EU member states decided to take supply and demand side measures to tackle ...
Nikolaos Apostolopoulos +2 more
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This article examines the rules for determining an objectively applicable law, namely habitual place of work and the engaging place of business and escape clause according to Rome I Regulation.
Justinas Usonis, Augustina Martinėlytė
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Superlative QP “Hyper-Raising” in dialectal Spanish: the role of dormant Edge Features
In this paper I deal with a particular relative-clause superlative construction attested in Spanish dialects like Canariense (Bosque & Brucart 1991) and Puerto Rican (Rohena-Madrazo 2007), among others.
Luis Ángel Sáez del Álamo
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