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The dynamic links between stock market indices are analyzed in a GARCH-M framework, using daily data from France, Germany, Italy and the USA. It is shown that indices in the periods before and after the introduction of the Euro as a single currency display a very distinct behaviour. Consistent with the literature, in the earlier period price changes are found to have an impact the next day on other markets. In the latter period this type of co-movement disappeared within Europe. Feedback trading has been shown to induce (negative) autocorrelation in national stock markets. In this paper an international version of the feedback trading model is used to illustrate that the lead-lag relationships across countries and the strength of these links depend on the currency regime. [ABSTRACT FROM AUTHOR]

Regional financial arrangements and monetary integration in East Asia and Europe have made considerable progress in recent years. This paper discusses whether governments in both regions, Japan and Germany as the most advanced regional economies in particular, can use the new dynamics as levers to raise their status vis-à-vis the United States. It will be argued that activities are defensive rather than offensive, aiming at protecting the respective region from financial risk. Japan, in particular, would find it difficult to raise its status vis-à-vis the United States significantly by promoting regional financial and monetary integration, principal reasons being actor heterogeneity, the role of China, hesitation to bear burden and risk, and the historical legacy of a bank-oriented system. [ABSTRACT FROM AUTHOR]

Objective: The objective of this study was to explore the evolution footprints of simulated driving research in the past 20 years through rigorous and systematic bibliometric analysis, to provide insights regarding when and where the research was performed and by whom and how the mainstream content evolved over the years.Methods: The analysis began with data retrieval in Web of Science with defined search terms related to simulated driving. BibExcel and CiteSpace were employed to conduct the performance analysis and co-citation network analysis; that is, probe of the performance of institutes, journals, authors, and research hotspots.Results: A total of 3,766 documents were filtered out and presented an exponential growth from 1997 to 2016. The United States contributed the most publications as well as international collaborations followed by Germany and China. In addition, several universities in The Netherlands and the United States dominated the list of contributing institutes. The leading journals were in transportation and ergonomics. The leading researchers were also recognized among the 8,721 contributing authors, such as J. D. Lee, D. L. Fisher, J. H. Kim, and K. A. Brookhuis. Finally, the co-citation analysis illuminated the evolution of simulated driving research that covered the following topics roughly in chronological order: task-induced stress, drivers with neurological disorders, alertness and sleepiness while driving, trust toward driving assistance systems, driver distraction, the effect of drug use, the validity of simulators, and automated driving.Conclusions: This article employed bibliometric tools to probe the contributing countries, institutes, journals, authors, and mainstream hotspots of simulated driving research in the past 20 years. A systematic bibliometric analysis of this field will help researchers realize the panorama of global simulated driving and establish future research directions. [ABSTRACT FROM AUTHOR]

This article ponders the future of NATO after the collapse of European communism. NATO leaders have thought of seven reasons to stay in business, even though the communist threat has crumbled. NATO members indeed have a good reason for being pleased--the epic change in Europe's political and military landscape. More tacitly, NATO also served to fetter West German military might. For political and military reasons, the United States should remain closely allied and militarily present in Europe, and NATO guarantees that coupling. In the meantime, NATO should actively participate in building the European security community, although, in the process, it will lose importance as the Soviet Union turns into a political partner and as CSCE institutions progressively assume more of NATO's current functions.

In this article, the characteristics of five test review models are described. The five models are the US review system at the Buros Center for Testing, the German Test Review System of the Committee on Tests, the Brazilian System for the Evaluation of Psychological Tests, the European EFPA Review Model, and the Dutch COTAN Evaluation System for Test Quality. For each model, a short description of the review procedure, the content of the model, and the format of publication is given. A comparison between the models shows that they differ on most of these procedural, content-related, and format aspects, although there is general agreement with respect to the qualities of a test that have to be reviewed. The strengths and weaknesses of each approach are discussed. Special attention is given to differences with respect to content, which should be addressed in the future. [ABSTRACT FROM PUBLISHER]

The article provides information from various aspects of the field of international serials and electronic resource management. Abstracts for several research articles are included on topics such as scholarly electronic books (e-books) and open source data in academic publishing. Additionally, awards and grants presented by the American Library Association (ALA) in 2011 are highlighted along with notes on the reorganization of the United Kingdom Serials Group (UKSG). Brief information regarding the 2012 conference for the UKSG and a list of online resources related to serials librarians are also included.

The article dicusses the conditions, obstacles and prospects for a modernisation partnership with Russia as a way to improve European security and relations between Russia and the West in general, including Russia's NATO membership. [ABSTRACT FROM AUTHOR]

The article examines the reactions of selected European states to the US-performed 'reset' in relations with Russia and explores the ways in which they have been adapting to the new set-up. The article is divided into three parts: after the discussion of the substantive continuity and limited change in US foreign and security policy (USFSP), the multilateral and bilateral dimensions of USFSP procedure are examined through John Ruggie's theoretical observations. The second part of the article deals with implications of the USFSP for Central-Eastern European countries. This part begins with a discussion of Russian attempts to wheedle Europe into embracing its plans for new European security architecture. The next section sheds light on the unexpected process of strategic realignment of the region (USA/NATO/EU/CSDP) and simultaneous transformation of the special relationship with the USA into 'normal life'. The third part of the article tackles the implications of heightened US-Russian bilateralism for Germany. Authors' findings, many of them based on conducted elite interviews, suggest the contrary process, namely Germany's strengthened multilateral commitment to the EU and specifically to European Security and Defence Policy, limiting the bilateral option to energy trade with Russia. What follows are concluding remarks. [ABSTRACT FROM AUTHOR]

We study affiliations for the countries of the European Economic and Monetary Union (EMU) with Germany and the USA, using various business cycle measures derived from quarterly real GDP. These measures are Hodrick-Prescott and Baxter-King filtered series and annual growth rates. By using rolling contemporaneous and maximum (over a short lead/lag interval) correlations, we document increasing correlations of EMU countries with Germany, with these typically being largest during the 1990s. We also document a strong leading role for the USA in relation to these countries in the period since 1993, thereby correcting the fallacy that the European business cycle was disjointed from the USA for most of the 1990s. [ABSTRACT FROM AUTHOR]

The article presents a research on the future of conventional warfare and United States military strategy. It suggests that the U.S. is undergoing a shift in strategic orientation to a degree not seen since the end of World War II. It mentions that the dissolution of the Warsaw Pact, the pending withdrawal of Soviet armies from Eastern Europe, the unification of Germany, and the breaking up of the Soviet Union have shifted the mission of the U.S. military. It reports that the U.S. has long relied on the power of deterrent credibility of its nuclear arsenal to permit an expansion of strategic commitments beyond U.S. military capabilities. A historical overview regarding the role of the U.S. in conventional warfare and military strategy is also presented.