Browsing by Subject "International organizations"

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    The second international: the impact of domestic factors on international organization dysfunction
    (Sage Publications Ltd., 2014) Cinar, M. U.; Cinar K.
    This article explores the role of domestic factors in international organization dysfunction, exemplified by the failure of the Second International to agree on a common stance and policy for the prevention of the First World War. Focusing on the French and cof these socialist parties. It concludes that these domestic differences were the source of discrepancy and lack of orchestrated action among the members of the Second International. As a result of these differences, the Second International failed to coordinate and produce a binding resolution that would commit its members to a uniform action against war, hence culminating in international organization dysfunction. © 2013 The Authors. © 2013 Political Studies Association.
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    Time-varying long range dependence in market returns of FEAS members
    (Elsevier, 2013) Sensoy, A.
    We study the time-varying efficiency of nineteen members of the Federation of Euro-Asian Stock Exchanges (FEAS - an international organization comprising the main stock exchanges in Eastern Europe, the Middle East and Central Asia) by generalized Hurst exponent analysis of daily data with a rolling window technique. The study covers the six years of time period between January 2007 and December 2012. The results reveal that all FEAS members exhibit different degrees of long range dependence varying over time. We present an efficiency ranking of these members that provides guidance for investors and portfolio managers. Results show that the least inefficient market is Turkey followed by Romania while the most inefficient markets are Iran, Mongolia, Serbia and Macedonia. Throughout the considered time period, Turkey's stable Hurst exponent around 0.5 differs from others and shows characteristics of a developed financial market. For the federation members, strong positive relationship between efficiency and market liquidity is revealed. In the light of this fact, alternatives are suggested to improve market efficiency.