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International trade can be severely disrupted by failures in international logistics processes. Therefore, an understanding of international logistics risk is imperative for the smooth operation of international trade, systematically studying the causes, responsible parties, and possible consequences of international logistics risk. On this basis, international logistics risk is classified from the perspective of the consequences caused by logistics risk, combined with the influencing factors and types of risk, establishing the index system and evaluation model of international logistics risk; Fuzzy Comprehensive Evaluation (FCE) and Analytic Hierarchy Process (AHP) methods were used to evaluate international logistics risk, and the international logistics risk in the international trade of the Regional Comprehensive Economic Partnership (RCEP) is also discussed. The results show that generally, international logistics risks are mainly logistics loss risk, logistics cost risk, and logistics timeliness risk. The logistics risks in the transaction with RCEP mainly include logistics loss risk, logistics cost risk, logistics timeliness risk, environmental risk, and logistics information risk. The risk causes include five risks: general causes, accidents, bankruptcy or ultra vires of logistics companies, customs clearance problems, and cargo characteristics. By establishing the international logistics risk measurement index system, it can hopefully play a preventive and guiding role in the research of international logistics risk assessment and the international logistics risk management of RCEP enterprises. Full article

This article studies the hidden blemishes of two benchmark rulings of the European Court of Justice (ECJ). In 2015 and 2018, the ECJ approved two unconventional monetary instruments, among others ‘Outright Monetary Transactions’ and the ‘Public Sector Purchase Program’. Yet, there is a vigorous debate about both monetary operations in law and economics. In this interdisciplinary article, we address law and economic arguments in order to elucidate insights to the legal community. In particular, we elaborate on the legal implications of a variety of concerning issues such as public policy interference, effect on wealth redistribution, erosion of democratic legitimacy and lack of effectiveness of monetary policy. These topics remain disregarded in the ECJ rulings. Consequently, the verdicts do not identify the economic boundaries of the European Central Bank’s mandate appropriately. Full article