12,454 research outputs found

    The Use and Abuse of Special-Purpose Entities in Public Finance

    Get PDF
    States increasingly are raising financing indirectly through special-purpose entities (SPEs), variously referred to as authorities, special authorities, or public authorities. Notwithstanding their long history and increasingly widespread use, relatively little is known or has been written about these entities. This article examines state SPEs and their functions, comparing them to SPEs used in corporate finance. States, even more than corporations, use these entities to reduce financial transparency and avoid public scrutiny, seriously threatening the integrity of public finance. The article analyzes how regulation could be designed in order to control that threat while maintaining the legitimate financing benefits provided by these state entities

    Constitutional Analogies in the International Legal System

    Get PDF
    This Article explores issues at the frontier of international law and constitutional law. It considers five key structural and systemic challenges that the international legal system now faces: (1) decentralization and disaggregation; (2) normative and institutional hierarchies; (3) compliance and enforcement; (4) exit and escape; and (5) democracy and legitimacy. Each of these issues raises questions of governance, institutional design, and allocation of authority paralleling the questions that domestic legal systems have answered in constitutional terms. For each of these issues, I survey the international legal landscape and consider the salience of potential analogies to domestic constitutions, drawing upon and extending the writings of international legal scholars and international relations theorists. I also offer some preliminary thoughts about why some treaties and institutions, but not others, more readily lend themselves to analysis in constitutional terms. And I distinguish those legal and political issues that may generate useful insights for scholars studying the growing intersections of international and constitutional law from other areas that may be more resistant to constitutional analogies

    Montana v. Wyoming: Sprinklers, Irrigation Water Use Efficiency and the Doctrine of Recapture

    Get PDF
    In 2007, Montana filed an original action with the United States Supreme Court asserting that certain water uses in Wyoming violated the Yellowstone River Compact (“Compact”). The litigation was triggered by severe drought in the basin between 2000 and 2006, during which period there was inadequate water available for Montana appropriators in the Tongue River and Powder River sub-basins. Montana raised four primary issues: irrigation of new acreage in Wyoming; new and expanded storage facilities; new groundwater pumping, especially associated with coalbed methane development; and increased consumption of water due to improved irrigation efficiency on existing irrigated acreage. In 2011, the U.S. Supreme Court decided the first substantive issue in this litigation: “Is a switch to more efficient irrigation with less return flow within the extent of Wyoming’s pre-1950 users’ existing appropriative rights, or is it an improper enlargement of that right to the detriment of Montana’s pre-1950 water users?” The Court held that such improvements are permitted under the Compact. This Article takes a careful look at this decision. It begins with an introduction to the physical setting, focusing on the Tongue and Powder sub-basins within the Yellowstone basin. It discusses Montana’s arguments why the Compact precludes improved irrigation efficiency that increases consumption and the Special Master’s rejection of those arguments. Next, the Article looks at the U.S. Supreme Court’s opinion. Finally, it offers some observations triggered by this litigation, critiques the doctrine of recapture in western water law, and supports the Court’s embrace of water use efficiency over protection of the status quo. We begin with a look at the Yellowstone River basin

    Reframing Kurtz’s Painting: Colonial Legacies and Minority Rights in Ethnically Divided Societies

    Get PDF
    Minority rights constitute some of the most normatively and economically important human rights. Although the political science and legal literatures have proffered a number of constitutional and institutional design solutions to address the protection of minority rights, these solutions are characterized by a noticeable neglect of, and lack of sensitivity to, historical processes. This Article addresses that gap in the literature by developing a causal argument that explains diverging practices of minority rights protections as functions of colonial governments’ variegated institutional practices with respect to particular ethnic groups. Specifically, this Article argues that in instances where colonial governments politicize and institutionalize ethnic hegemony in the pre-independence period, an institutional legacy is created that leads to lower levels of minority rights protections. Conversely, a uniform treatment and depoliticization of ethnicity prior to independence ultimately minimizes ethnic cleavages post-independence and consequently causes higher levels of minority rights protections. Through a highly structured comparative historical analysis of Botswana and Ghana, this Article builds on a new and exciting research agenda that focuses on the role of long-term historio-structural and institutional influences on human rights performance and makes important empirical contributions by eschewing traditional methodologies that focus on single case studies that are largely descriptive in their analyses. Ultimately, this Article highlights both the strength of a historical approach to understanding current variations in minority rights protections and the varied institutional responses within a specific colonial government

    Language of Lullabies: The Russification and De-Russification of the Baltic States

    Get PDF
    This article argues that the laws for promotion of the national languages are a legitimate means for the Baltic states to establish their cultural independence from Russia and the former Soviet Union

    Spacetime Defects: von K\'arm\'an vortex street like configurations

    Get PDF
    A special arrangement of spinning strings with dislocations similar to a von K\'arm\'an vortex street is studied. We numerically solve the geodesic equations for the special case of a test particle moving along twoinfinite rows of pure dislocations and also discuss the case of pure spinning defects.Comment: 9 pages, 2figures, CQG in pres

    Parity realization in Vector-like theories from Fermion Bilinears

    Full text link
    We reconsider in this paper the old aim of trying to understand if the observed realization of discrete symmetries as Parity or CP in the QCD vacuum can be satisfied from first principles. We show how under the appropriate assumptions implicitely done by Vafa and Witten in their old paper on parity realization in vector-like theories, all parity and CP odd operators constructed from fermion bilinears of the form ψˉO~ψ\bar\psi\tilde O\psi should take a vanishing vacuum expectation value in a vector-like theory with N degenerate flavours (N>1). In our analysis the Vafa-Witten theorem on the impossibility to break spontaneously the flavour symmetry in a vector-like theory plays a fundamental role.Comment: 12 pages, no figures To be published in JHE
    • 

    corecore