EU-China Collaboration in the Reform of the International Monetary
... The global financial crisis initiated in the United States in 2008 has raised doubts about the efficiency of the current dollar-led international monetary system (IMS). Two main structural theories have been put forward to explain the crisis, each with their respective reform solutions. On the one h ...
... The global financial crisis initiated in the United States in 2008 has raised doubts about the efficiency of the current dollar-led international monetary system (IMS). Two main structural theories have been put forward to explain the crisis, each with their respective reform solutions. On the one h ...
1 The `New Economics` and Policies for Financial Stability Philip
... and markets that are potential recipients of liquidity support in times of stress should be monitored and regulated” (p. 3). So the focus seems to be on systemic financial stability. All these changes, IMF (op. cit.) argues, “should be done in a way that preserves central bank independence” (p. 4). ...
... and markets that are potential recipients of liquidity support in times of stress should be monitored and regulated” (p. 3). So the focus seems to be on systemic financial stability. All these changes, IMF (op. cit.) argues, “should be done in a way that preserves central bank independence” (p. 4). ...
International Economics: Feenstra/Taylor 2/e
... macroeconomic policies, whether to pay (or not pay) their debts, and so on. • To gain a deeper understanding of the global macroeconomy, economists study policies, and also consider the broader context or rules and norms, or regimes in which policy choices are made. • At the broadest level, research ...
... macroeconomic policies, whether to pay (or not pay) their debts, and so on. • To gain a deeper understanding of the global macroeconomy, economists study policies, and also consider the broader context or rules and norms, or regimes in which policy choices are made. • At the broadest level, research ...
Newsletter for the Members of the AMA Global Marketing Special
... healthcare-related technology services being offered by the private sector. Despite Indian government spending 4.1% of GDP on healthcare, 70% of this spending is private, which effectively reduces the government spending to about 1% of GDP. The impact of such low government spending on BOP consumers ...
... healthcare-related technology services being offered by the private sector. Despite Indian government spending 4.1% of GDP on healthcare, 70% of this spending is private, which effectively reduces the government spending to about 1% of GDP. The impact of such low government spending on BOP consumers ...
Déjà vu? The Greek crisis experience, the 2010s versus the 1930s
... trust on the part of the social groups who have been called on to make sacrifices blocks any attempt for structural reform. It is well-known to historians that these attitudes are passed down through the generations and become embedded in societies and form their culture. However, a sudden and unex ...
... trust on the part of the social groups who have been called on to make sacrifices blocks any attempt for structural reform. It is well-known to historians that these attitudes are passed down through the generations and become embedded in societies and form their culture. However, a sudden and unex ...
NBER WORKING PAPER SERIES HISTORICAL PERSPECTIVE ON GLOBAL IMBALANCES Michael D. Bordo
... 1870-1914. It was characterized by a rapid global buildup of external assets and liabilities and also of long-standing current account imbalances comparable to today’s experience. The fifty years before World War I saw massive net private flows of capital from the core countries of Western Europe t ...
... 1870-1914. It was characterized by a rapid global buildup of external assets and liabilities and also of long-standing current account imbalances comparable to today’s experience. The fifty years before World War I saw massive net private flows of capital from the core countries of Western Europe t ...
1 treatment of china as a non-market economy
... 1994. Through this provision, WTO Members explicitly recognize that non-market economy countries may need to be treated differently to market economies in antidumping cases. This provision dates from the 1954-55 Review Session of the GATT and has its origins in the consideration of issues relating t ...
... 1994. Through this provision, WTO Members explicitly recognize that non-market economy countries may need to be treated differently to market economies in antidumping cases. This provision dates from the 1954-55 Review Session of the GATT and has its origins in the consideration of issues relating t ...
Will Asian Mercantilism Meet its
... for both: the savings glut in much of the world. I will then turn to the global picture of savings and investment, thereby identifying the principal surplus regions. It will turn out that declining investment rates are more important than rising savings as an explanation for the surplus. Keynes woul ...
... for both: the savings glut in much of the world. I will then turn to the global picture of savings and investment, thereby identifying the principal surplus regions. It will turn out that declining investment rates are more important than rising savings as an explanation for the surplus. Keynes woul ...
The Role of Government in the American Economy
... Determine the way resources will be allocated through public sector Why are they important? ...
... Determine the way resources will be allocated through public sector Why are they important? ...
Mechanisms of Financial Crises in Growth and Collapse
... The transfer of income and assets from the real economy to the financial economy is the most important long-run effect of a financial crisis. If these imbalances are not addressed by making big investments in the real economy, any recovery – in that case by definition weak – will be driven by deman ...
... The transfer of income and assets from the real economy to the financial economy is the most important long-run effect of a financial crisis. If these imbalances are not addressed by making big investments in the real economy, any recovery – in that case by definition weak – will be driven by deman ...
Political Markets
... Determine the way resources will be allocated through public sector Why are they important? ...
... Determine the way resources will be allocated through public sector Why are they important? ...
Real GDP Growth – US - Economics & Country Risk
... U.S. and global economic expansions are underway; economic growth will strengthen in the months ahead. South America, Japan, and Europe are experiencing systemic challenges, slowing their economic recoveries. Widening current account imbalances will lead to more dollar depreciation. This will help C ...
... U.S. and global economic expansions are underway; economic growth will strengthen in the months ahead. South America, Japan, and Europe are experiencing systemic challenges, slowing their economic recoveries. Widening current account imbalances will lead to more dollar depreciation. This will help C ...
“Austerity” Failed in Greece: Testing the Validity of Macro
... region, Germany, saw its economy contract by 0.6 percent. The United Kingdom, despite not being in the Eurozone, only barely escaped having the developed world’s first-ever triple-dip recession [3].” This report emphasized that the front-loaded austerity policy had only triggered recessions, without ...
... region, Germany, saw its economy contract by 0.6 percent. The United Kingdom, despite not being in the Eurozone, only barely escaped having the developed world’s first-ever triple-dip recession [3].” This report emphasized that the front-loaded austerity policy had only triggered recessions, without ...
PDF Download
... borrow. This could be the case, for instance, if co-ordination problems among international investors long in short term debt issued by a country lead to liquidity runs similar to bank runs. When markets co-ordinate on an equilibrium characterised by a run, the debtor country is forced to come up qu ...
... borrow. This could be the case, for instance, if co-ordination problems among international investors long in short term debt issued by a country lead to liquidity runs similar to bank runs. When markets co-ordinate on an equilibrium characterised by a run, the debtor country is forced to come up qu ...
The Theory of Monetary Degradation as the Development of Post
... inside liabilities of industrial sector (ñnon-paymentsò in the broad sense) - also rapidly grew and displaced ñfull-fledgedò bank credit money. These processes have played special role in Russia (as regards other countries with transition economies, that I cannot make any valid conclusions because o ...
... inside liabilities of industrial sector (ñnon-paymentsò in the broad sense) - also rapidly grew and displaced ñfull-fledgedò bank credit money. These processes have played special role in Russia (as regards other countries with transition economies, that I cannot make any valid conclusions because o ...
1. Evaluating austerity in overcoming economic
... investment. Governments fund their budget deficits through government bonds; When national economies are sound, markets face a low risk factor and have trust in the credit ability of the respective government, rendering government bond yields low. This automatically implies that the government borro ...
... investment. Governments fund their budget deficits through government bonds; When national economies are sound, markets face a low risk factor and have trust in the credit ability of the respective government, rendering government bond yields low. This automatically implies that the government borro ...
While there has been considerable work critical of the East... actually anticipated the East Asian debacle of 1997-98 (e.g. see... I005
... Thus, though there is some evidence that foreign capital inflows may have adversely affected the domestic savings rate indirectly, foreign capital inflows generally supplemented, rather than substituted for domestic savings (see Wong with Jomo 1999). It is difficult to be conclusive on this point as ...
... Thus, though there is some evidence that foreign capital inflows may have adversely affected the domestic savings rate indirectly, foreign capital inflows generally supplemented, rather than substituted for domestic savings (see Wong with Jomo 1999). It is difficult to be conclusive on this point as ...
International Flow of Goods and Services Page 1 of 3
... the more sophisticated aggregate demand/aggregate supply model, there’s some notion of spending somewhere. We start with consumer spending. It’s an upward-sloping line that has here an intersect representing autonomous spending, and the slope of this consumption function is the marginal propensity t ...
... the more sophisticated aggregate demand/aggregate supply model, there’s some notion of spending somewhere. We start with consumer spending. It’s an upward-sloping line that has here an intersect representing autonomous spending, and the slope of this consumption function is the marginal propensity t ...
Measuring Globalization: Economic Reversals, Forward Momentum
... Global flows of portfolio capital also dropped significantly when stock market losses in countries such as the United States, Germany, and Brazil erased wealth and Argentina' s slow-motion economic meltdown made investors more risk averse. As funds dried up, the U.S. stock market saw its worst three ...
... Global flows of portfolio capital also dropped significantly when stock market losses in countries such as the United States, Germany, and Brazil erased wealth and Argentina' s slow-motion economic meltdown made investors more risk averse. As funds dried up, the U.S. stock market saw its worst three ...
1 Dynamics of the Global Economy
... corporations seeking cheap labor and production, tax advantages and a rapidly growing market. About 70 percent of the foreign affiliates of transnational corporations (TNCs) located in developing countries are in China. The China option—the “China price”—is being used by global corporations to drive ...
... corporations seeking cheap labor and production, tax advantages and a rapidly growing market. About 70 percent of the foreign affiliates of transnational corporations (TNCs) located in developing countries are in China. The China option—the “China price”—is being used by global corporations to drive ...
S0800399_en.pdf
... the global south has promoted and enabled the proliferation of survival and profit-making activities that involve the migration and trafficking of people. To some extent these are older processes, which used to be national or regional and today can operate at global scales. The same infrastructure, ...
... the global south has promoted and enabled the proliferation of survival and profit-making activities that involve the migration and trafficking of people. To some extent these are older processes, which used to be national or regional and today can operate at global scales. The same infrastructure, ...
Varieties of Capitalism in Light of the Euro Crisis
... formation and cooperative employer-employee relations, often underpinned by works councils, improves quality control and promotes incremental innovation. As a result, many of these countries have developed comparative advantages in medium and high technology products that have remained relatively im ...
... formation and cooperative employer-employee relations, often underpinned by works councils, improves quality control and promotes incremental innovation. As a result, many of these countries have developed comparative advantages in medium and high technology products that have remained relatively im ...
Making Sense of the Great Divergence. The Limits and Challenges
... was the first area to develop modern, rational institutions: a modern state-system, a modern bureaucracy, an efficient military apparatus while also promoting individual property rights, and a more or less efficient and ‘free’ market economy. Within this framework, strong arguments have been made fo ...
... was the first area to develop modern, rational institutions: a modern state-system, a modern bureaucracy, an efficient military apparatus while also promoting individual property rights, and a more or less efficient and ‘free’ market economy. Within this framework, strong arguments have been made fo ...
Aalborg Universitet Muchie, Mammo; Liu, Ju; Baskaran, Angathevar
... economies in the world due to factors such as judicial mix of policies of economic liberalisation and protection, and the process of globalisation driven by the information and communication technologies (ICT) revolution, which brought closer the national economies across the globe as never before. ...
... economies in the world due to factors such as judicial mix of policies of economic liberalisation and protection, and the process of globalisation driven by the information and communication technologies (ICT) revolution, which brought closer the national economies across the globe as never before. ...
1AC – NIB Aff
... Rasmus 12 (Jack, Jack Rasmus Ph.D in Political Economy and currently teaches economics and politics at St. Mary’s College and Santa Clara University in California is the author of the just-released book, "Obama's Economy: Recovery for the Few," Thursday, 05 January 2012, Economic Predictions for 201 ...
... Rasmus 12 (Jack, Jack Rasmus Ph.D in Political Economy and currently teaches economics and politics at St. Mary’s College and Santa Clara University in California is the author of the just-released book, "Obama's Economy: Recovery for the Few," Thursday, 05 January 2012, Economic Predictions for 201 ...
Nouriel Roubini
Nouriel Roubini (born March 29, 1958) is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm.The child of Iranian Jews, he was born in Turkey and grew up in Italy. After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a practising economist at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early research focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who in 2009 became Treasury Secretary.