Global Weekly - Aberdeen Asset Management
... US markets rise for a third straight week. Asian markets rose in tandem with US markets. China’s foreign direct investment shrank 3.2% year-on-year in the first half of 2005 to US$28.6bn, suggesting that capital inflows may be levelling off. Meanwhile, inflation for 2005 was revised down from 3.9% t ...
... US markets rise for a third straight week. Asian markets rose in tandem with US markets. China’s foreign direct investment shrank 3.2% year-on-year in the first half of 2005 to US$28.6bn, suggesting that capital inflows may be levelling off. Meanwhile, inflation for 2005 was revised down from 3.9% t ...
Current Issues in Economics
... Warning: New wave of authors selling „snake oil” of neomarxist of class struggle interpretation or „going back to old good days” ideas as gold standard. ...
... Warning: New wave of authors selling „snake oil” of neomarxist of class struggle interpretation or „going back to old good days” ideas as gold standard. ...
Can Europe Prosper Without the Common Currency?
... policies towards internal equilibrium, such policies can only succeed if the relaxation of external discipline on the political system does no reignite the distributional struggles that characterized the Great Inflation of the 1970s. Put differently, though adherence to a common currency has proven ...
... policies towards internal equilibrium, such policies can only succeed if the relaxation of external discipline on the political system does no reignite the distributional struggles that characterized the Great Inflation of the 1970s. Put differently, though adherence to a common currency has proven ...
A Global Legal Entity Identifier for Financial Markets: FSB Report to
... as protocols and methods for how local systems can connect to the COU. The COU is proposed to be created as a legal entity in the form of a not for profit foundation 2 that would rely on broad industry participation, expertise and knowledge to identify and develop the most technologically, financial ...
... as protocols and methods for how local systems can connect to the COU. The COU is proposed to be created as a legal entity in the form of a not for profit foundation 2 that would rely on broad industry participation, expertise and knowledge to identify and develop the most technologically, financial ...
New Keynesian and New Classical Approaches to Fiscal Policy
... nothing at all. No crowding out, no adjustment in prices. People simply increase their savings to match the increase in government spending. So there you have it, the new classical view, a world in which people are rational and forward looking and a world in which wages and prices can adjust freely ...
... nothing at all. No crowding out, no adjustment in prices. People simply increase their savings to match the increase in government spending. So there you have it, the new classical view, a world in which people are rational and forward looking and a world in which wages and prices can adjust freely ...
National Asset-Liability Management Europe Symposium
... 1997 and Russia in 1998. The insufficient volume of external safety nets as well as the underdeveloped nature of financial markets in EMEs made financial crises unavoidable. In addition, inability to implement countercyclical policies made EMEs suffer from larger damaging effects of financial crise ...
... 1997 and Russia in 1998. The insufficient volume of external safety nets as well as the underdeveloped nature of financial markets in EMEs made financial crises unavoidable. In addition, inability to implement countercyclical policies made EMEs suffer from larger damaging effects of financial crise ...
The Subprime Crisis - The University of Texas at Dallas
... ABSTRACT: This article offers an analysis of the causes of the subprime crisis, explaining that it is not an isolated incident and that we should concentrate our attention on the Fed’s monetary policy and pressures on the banking system received from the U.S. government for flexible lending. It also ...
... ABSTRACT: This article offers an analysis of the causes of the subprime crisis, explaining that it is not an isolated incident and that we should concentrate our attention on the Fed’s monetary policy and pressures on the banking system received from the U.S. government for flexible lending. It also ...
ILO response to globalization and the global crisis
... The rise and consolidation of neo-liberalism • One of the underlying factors behind the resurgence of neo-liberalism in the late 1970s was the scourge of rising inflation and problems with the sustained balance of payments (Margaret Thatcher in UK, and Ronald Reagan in the US). • The Washington Cons ...
... The rise and consolidation of neo-liberalism • One of the underlying factors behind the resurgence of neo-liberalism in the late 1970s was the scourge of rising inflation and problems with the sustained balance of payments (Margaret Thatcher in UK, and Ronald Reagan in the US). • The Washington Cons ...
What Monetary Policy Can and Cannot Do
... It is the outcome of myriad individual saving and investment decisions, themselves predicated on factors subject to numerous fluctuations, such as changes in stock market wealth, perceived business opportunities, and fiscal policy. As a practical matter, the equilibrium interest rate may turn out to ...
... It is the outcome of myriad individual saving and investment decisions, themselves predicated on factors subject to numerous fluctuations, such as changes in stock market wealth, perceived business opportunities, and fiscal policy. As a practical matter, the equilibrium interest rate may turn out to ...
M. Singer – Economic developments globally and in Europe
... Debt crisis in euro area • Some countries were living “beyond their means” before crisis (Greece in long term!) • Others (e.g. Spain, Ireland) were living within their means, but 1) bank bailouts, 2) demand stimulus during crisis, and 3) recession then worsened their fiscal situation significantly ...
... Debt crisis in euro area • Some countries were living “beyond their means” before crisis (Greece in long term!) • Others (e.g. Spain, Ireland) were living within their means, but 1) bank bailouts, 2) demand stimulus during crisis, and 3) recession then worsened their fiscal situation significantly ...
Market Outlook & Farm Policy
... As part of grant-funded projects U.S. agencies (USDA, Dept. of Energy, EPA…) International agencies (OECD, FAO, agencies in ...
... As part of grant-funded projects U.S. agencies (USDA, Dept. of Energy, EPA…) International agencies (OECD, FAO, agencies in ...
Global Financial Crisis: Japan’s Experience and Policy Response Takafumi Sato
... within the country. The current financial stress in Japan stems mainly from the collapse of the housing and securitization markets in the United States, among others. In contrast, the crisis in the 1990s was the result of an endogenous shock, since Japanese financial firms had been deeply involved i ...
... within the country. The current financial stress in Japan stems mainly from the collapse of the housing and securitization markets in the United States, among others. In contrast, the crisis in the 1990s was the result of an endogenous shock, since Japanese financial firms had been deeply involved i ...
Macro Exam Summer 2005
... • Under floating exchange rates the balance of payments will balance in the sense that the sum of the current account and cap account will be zero: Curr +cap=0 • So if there is a current account deficit there must be a cap account surplus (inflow) • This must be the case because there is a free mark ...
... • Under floating exchange rates the balance of payments will balance in the sense that the sum of the current account and cap account will be zero: Curr +cap=0 • So if there is a current account deficit there must be a cap account surplus (inflow) • This must be the case because there is a free mark ...
PDF Download
... crude oil. The global financial crisis has led to a slowdown of growth across the world’s economies, The scenario is not too different in Ghana. The resulting in a lower demand for commodities, espetotal export revenue free on board (fob) rose by cially oil. The transmission of the impact can be alm ...
... crude oil. The global financial crisis has led to a slowdown of growth across the world’s economies, The scenario is not too different in Ghana. The resulting in a lower demand for commodities, espetotal export revenue free on board (fob) rose by cially oil. The transmission of the impact can be alm ...
china`s macroeconomic imbalances
... generating trade surpluses and accumulating foreign exchange reserves. Under these conditions, if there were not a sufficiently large economy being able and willing to absorb the surpluses from the rest of the world, the attempts by many countries to generate surpluses or reduce deficits would lead ...
... generating trade surpluses and accumulating foreign exchange reserves. Under these conditions, if there were not a sufficiently large economy being able and willing to absorb the surpluses from the rest of the world, the attempts by many countries to generate surpluses or reduce deficits would lead ...
MarketSavvy-Full Program
... (1) Sessions in Financial Markets will allow participants to gain the core fundamentals to be able to follow the international trading markets (2) In People in the Markets sessions focus more on the individuals who are currently in positions of power and how they may influence the business environme ...
... (1) Sessions in Financial Markets will allow participants to gain the core fundamentals to be able to follow the international trading markets (2) In People in the Markets sessions focus more on the individuals who are currently in positions of power and how they may influence the business environme ...
Federal Reserve Press Release
... Information received since the Committee met in December suggests that the economy has weakened further. Industrial production, housing starts, and employment have continued to decline steeply, as consumers and businesses have cut back spending. Furthermore, global demand appears to be slowing signi ...
... Information received since the Committee met in December suggests that the economy has weakened further. Industrial production, housing starts, and employment have continued to decline steeply, as consumers and businesses have cut back spending. Furthermore, global demand appears to be slowing signi ...
Current Issues
... 2. Mainstream economists oppose requirements to balance the budget annually because it would require actions that would intensify the business cycle, such as raising taxes and cutting spending during recession and the opposite during booms. They support discretionary fiscal policy to combat recessio ...
... 2. Mainstream economists oppose requirements to balance the budget annually because it would require actions that would intensify the business cycle, such as raising taxes and cutting spending during recession and the opposite during booms. They support discretionary fiscal policy to combat recessio ...
Who is responsible for the financial crisis? by Brigitte Unger
... part of the banks that caused the crisis: “The salient feature of the current financial crisis is that it was not caused by some external shock like OPEC raising the price of oil (. . .) . The crisis was generated by the financial system itself.” (Soros quoted in Skidelsky, 2008). Banks have been no ...
... part of the banks that caused the crisis: “The salient feature of the current financial crisis is that it was not caused by some external shock like OPEC raising the price of oil (. . .) . The crisis was generated by the financial system itself.” (Soros quoted in Skidelsky, 2008). Banks have been no ...
VGF Emerging Markets Growth I, L.P.
... Since 2008, CEE/CIS PE firms have invested more funds than they raised (graph shows net funds raised/invested) ...
... Since 2008, CEE/CIS PE firms have invested more funds than they raised (graph shows net funds raised/invested) ...
Double-Dip Recession: Previous Experience and Current Prospect
... Concern is rising that the United States may be about to experience a “double-dip” recession. A double-dip or W-shaped recession occurs when the economy emerges from a recession, has a short period of growth, but then falls back into recession. This prospect raises policy questions about the current ...
... Concern is rising that the United States may be about to experience a “double-dip” recession. A double-dip or W-shaped recession occurs when the economy emerges from a recession, has a short period of growth, but then falls back into recession. This prospect raises policy questions about the current ...
Breaking point
... in more detail on this in the second part of this month’s Market Commentary. But this much can serve now as an appetiser, as it were: global growth is weakening. The currency devaluations being seen only lead to a redistribution of growth; they do not create new wealth – quite the contrary. And the ...
... in more detail on this in the second part of this month’s Market Commentary. But this much can serve now as an appetiser, as it were: global growth is weakening. The currency devaluations being seen only lead to a redistribution of growth; they do not create new wealth – quite the contrary. And the ...
The Global Economic Crisis, The Green New Deal, and The No
... always relative, partial, and provisional structural coherence (and, so, institutional complementarities) of given regime are secured; • … externalize material and social costs of securing such coherence beyond spatial, temporal, and social boundaries of fix by displacing them elsewhere and/or defer ...
... always relative, partial, and provisional structural coherence (and, so, institutional complementarities) of given regime are secured; • … externalize material and social costs of securing such coherence beyond spatial, temporal, and social boundaries of fix by displacing them elsewhere and/or defer ...
통화완화정책
... • Modern macroeconomists worried about the prices of goods and services, but neglected the prices of assets. This was partly because they had too much faith in financial markets. • “Bags of wheat are more important than stacks of bonds.” Finance is a veil, obscuring what really matters. In many macr ...
... • Modern macroeconomists worried about the prices of goods and services, but neglected the prices of assets. This was partly because they had too much faith in financial markets. • “Bags of wheat are more important than stacks of bonds.” Finance is a veil, obscuring what really matters. In many macr ...
155291_155291 - espace@Curtin
... question is raised in this paper as to what the record of socioeconomic performance has been under neoliberal governance and whether there is in motion a movement towards a post-neoliberal social structure of accumulation (SSA) or mode of regulation (MOR). The question of a new and effective SSA or ...
... question is raised in this paper as to what the record of socioeconomic performance has been under neoliberal governance and whether there is in motion a movement towards a post-neoliberal social structure of accumulation (SSA) or mode of regulation (MOR). The question of a new and effective SSA or ...
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.