
Whence Reform? A Critique of the Stiglitz Perspective
... reform process. Furthermore, Stiglitz contrasts two models of transition. On the one hand, he says, is China, where institutional reform has been gradual, building on already existing solutions, and economic growth has been rapid. On the other, there is Central Europe (CE) and the former Soviet Unio ...
... reform process. Furthermore, Stiglitz contrasts two models of transition. On the one hand, he says, is China, where institutional reform has been gradual, building on already existing solutions, and economic growth has been rapid. On the other, there is Central Europe (CE) and the former Soviet Unio ...
I Mark Weisbrot
... borrowing by Korean companies that set the stage for the panicked withdrawal. When the Asian crisis began, the government of Japan tried to set up an Asian Monetary Fund to stabilize the region’s currencies and obtained commitments from China, Taiwan, Hong Kong, Singapore, and other countries, for $ ...
... borrowing by Korean companies that set the stage for the panicked withdrawal. When the Asian crisis began, the government of Japan tried to set up an Asian Monetary Fund to stabilize the region’s currencies and obtained commitments from China, Taiwan, Hong Kong, Singapore, and other countries, for $ ...
Governor's Statement No. 12 October 11, 2013 U
... possibility of volatile capital flows that could be associated with Japan’s greater easing policies are important risks to the global recovery. Additional challenges could come from the eventual withdrawal of quantitative easing and from fiscal imbalances in advanced economies. Donors’ aid to the po ...
... possibility of volatile capital flows that could be associated with Japan’s greater easing policies are important risks to the global recovery. Additional challenges could come from the eventual withdrawal of quantitative easing and from fiscal imbalances in advanced economies. Donors’ aid to the po ...
FRBSF E L
... Asia and Latin America experienced sharp capital flow reversals. However, the distribution of these capital movements was not uniform. Patterns of capital outflows appeared to be related to a country’s macroeconomic fundamentals. Those in turn reflected to some degree the policies a country pursued ...
... Asia and Latin America experienced sharp capital flow reversals. However, the distribution of these capital movements was not uniform. Patterns of capital outflows appeared to be related to a country’s macroeconomic fundamentals. Those in turn reflected to some degree the policies a country pursued ...
On emerging markets decoupling and growth convergence
... in well-founded, long-term economic trends. Emerging markets (EM) advocates often argue that emerging economies have become more resilient to global shocks, due to globalisation-induced diversification in the sources of economic growth or structural changes and policy improvements (Economist, 2009). ...
... in well-founded, long-term economic trends. Emerging markets (EM) advocates often argue that emerging economies have become more resilient to global shocks, due to globalisation-induced diversification in the sources of economic growth or structural changes and policy improvements (Economist, 2009). ...
O poder corporativo mundial
... It is natural and healthy that we all have great concern in not inventing fiendish plots and evil conspiracies. But seeing how the activities in the main economic sectors are reduced to few extremely powerful companies at the top, we cannot continue to think that we are dealing with economic groups ...
... It is natural and healthy that we all have great concern in not inventing fiendish plots and evil conspiracies. But seeing how the activities in the main economic sectors are reduced to few extremely powerful companies at the top, we cannot continue to think that we are dealing with economic groups ...
Effects of Neoliberal Reforms on Small
... state’s historical heavy role in the coffee sector. Within this context, Watson and Achinelli (2008, p. 225) deduce that in “attempt to mitigate socio-economic constraints, [small-scale farmers] often inadvertently become enmeshed in a cycle of increased coffee production, land degradation, and pov ...
... state’s historical heavy role in the coffee sector. Within this context, Watson and Achinelli (2008, p. 225) deduce that in “attempt to mitigate socio-economic constraints, [small-scale farmers] often inadvertently become enmeshed in a cycle of increased coffee production, land degradation, and pov ...
Research agenda on exogenous shocks
... Ghana Senegal Tanzania Mali Uganda Benin Mozambique Zambia Madagascar ...
... Ghana Senegal Tanzania Mali Uganda Benin Mozambique Zambia Madagascar ...
Macroeconomic Issues and Vulnerabilities in the Global
... • The strength of the U.S. in the 1990s relative to Euro, Yen and other currencies led to a large a growing current account deficit in the US as the US lost competitiveness • After 2000, the US current account deficit worsened further as the fiscal deficits mushroomed (“twin deficits”) and as the pr ...
... • The strength of the U.S. in the 1990s relative to Euro, Yen and other currencies led to a large a growing current account deficit in the US as the US lost competitiveness • After 2000, the US current account deficit worsened further as the fiscal deficits mushroomed (“twin deficits”) and as the pr ...
ANALYTICAL SUMMARY Javier MARTÍNEZ PEINADO “The
... “Economic Development and Intellectual Capital: An International Study” Revista de Economía Mundial 29, 2011, pp. 211-236 In this paper we study relationships between economic development and the national level of intellectual capital. To measure the intellectual capital of nations we have used a mo ...
... “Economic Development and Intellectual Capital: An International Study” Revista de Economía Mundial 29, 2011, pp. 211-236 In this paper we study relationships between economic development and the national level of intellectual capital. To measure the intellectual capital of nations we have used a mo ...
P6466 - iii Template - Insurance Information Institute
... share of global nonlife premiums remained very high at nearly 86%--accounting for nearly $1.5 trillion in premiums. The financial crisis and sluggish recovery in the major insurance markets will accelerate the expansion of the emerging market sector ...
... share of global nonlife premiums remained very high at nearly 86%--accounting for nearly $1.5 trillion in premiums. The financial crisis and sluggish recovery in the major insurance markets will accelerate the expansion of the emerging market sector ...
Global Financial Crisis and Regional M.İbrahim Turhan Deputy Governor
... • Macroprudential measures to restrict domestic credit and domestic demand while keeping the short term interest rate differentials as low as possible. • The monetary policy stance in this framework is determined not only by policy rates, but also other the policy instruments. ...
... • Macroprudential measures to restrict domestic credit and domestic demand while keeping the short term interest rate differentials as low as possible. • The monetary policy stance in this framework is determined not only by policy rates, but also other the policy instruments. ...
What`s next for the Eurozone
... sovereign debt would most likely entail a swap of bonds for new ones with maturity extensions, and very possibly the imposition of haircuts on bondholders, as the CDS market is forecasting. As noted earlier, current CDS valuation suggests a high probability of a 25% haircut within the next few years ...
... sovereign debt would most likely entail a swap of bonds for new ones with maturity extensions, and very possibly the imposition of haircuts on bondholders, as the CDS market is forecasting. As noted earlier, current CDS valuation suggests a high probability of a 25% haircut within the next few years ...
International Workshop on 'Macroeconomic Management and Financial Regulation in Core... the Periphery', organised by CAFRAL, Levy Economics Institute & IDEAs,...
... Jan Kregel (Levy Economics Institute) started by highlighting the panic response of monetary policies in the time of crisis. He began with the case of Japan. This was during the Reagan era when tax cuts were imposed to boost the US economy along with a contradictory monetary policy of regulated mone ...
... Jan Kregel (Levy Economics Institute) started by highlighting the panic response of monetary policies in the time of crisis. He began with the case of Japan. This was during the Reagan era when tax cuts were imposed to boost the US economy along with a contradictory monetary policy of regulated mone ...
TURKEY 2001-2004: IMF Strangulation, Tightening Debt Trap, and Lopsided Recovery
... I will organize my observations under five sections. First, I provide a broad overview of the recent macroeconomic developments in Turkey. Then I report and study data on Turkish debt dynamics and on the intricacies of the IMF program. In section three I study the evolution of the key macroeconomic ...
... I will organize my observations under five sections. First, I provide a broad overview of the recent macroeconomic developments in Turkey. Then I report and study data on Turkish debt dynamics and on the intricacies of the IMF program. In section three I study the evolution of the key macroeconomic ...
The future of the Eurozone: Right and Wrong Turns on the Way Ahead"
... • More stable revenue basis • Advanced economies have highly integrated financial markets, especially inside a monetary union • No government of an advanced economy has defaulted/ restructured since World War II ...
... • More stable revenue basis • Advanced economies have highly integrated financial markets, especially inside a monetary union • No government of an advanced economy has defaulted/ restructured since World War II ...
Business, Knowledge, and Global Growth
... Recent economic research confirms the intuitive prediction that wellfunctioning financial systems lead directly to economic growth. One influential paper found that countries with advanced financial systems are particularly good places for industries that need a lot of external financing. My own res ...
... Recent economic research confirms the intuitive prediction that wellfunctioning financial systems lead directly to economic growth. One influential paper found that countries with advanced financial systems are particularly good places for industries that need a lot of external financing. My own res ...
The rediscovery of networks, past and present – An
... Competing with other economies and adapting foreign institutional forms: hybridization Diagram 5 – Hybridization and endometabolism, two factors of institutional change: the joint evolution of American and Japanese trajectories Henry Ford’s ...
... Competing with other economies and adapting foreign institutional forms: hybridization Diagram 5 – Hybridization and endometabolism, two factors of institutional change: the joint evolution of American and Japanese trajectories Henry Ford’s ...
Diapositiva 1 - University of Verona
... It's financial aid given by governments and other agencies to support the economic, environmental, social and political development of developing countries. It is distinguished from humanitarian aid by focusing on alleviating poverty in the long term, rather than a short term response. It is the com ...
... It's financial aid given by governments and other agencies to support the economic, environmental, social and political development of developing countries. It is distinguished from humanitarian aid by focusing on alleviating poverty in the long term, rather than a short term response. It is the com ...
David Goldsbrough
... -Case studies of Mozambique, Rwanda, and Zambia -A review of different approaches to “protecting” priority expenditures ...
... -Case studies of Mozambique, Rwanda, and Zambia -A review of different approaches to “protecting” priority expenditures ...
THE IMPACT AND LESSONS OF THE 2008 GLOBAL FINANCIAL CRISIS TO ZIMBABWE
... The global financial crisis that had its epicenter in the USA has had widespread ripple effects across the world with varying impacts from country to country. 1The crisis that followed after the burst of the housing bubble in the USA has generally destabilized not only the Developed economies but th ...
... The global financial crisis that had its epicenter in the USA has had widespread ripple effects across the world with varying impacts from country to country. 1The crisis that followed after the burst of the housing bubble in the USA has generally destabilized not only the Developed economies but th ...
Corporate Finance Lessons from the East Asian Crisis
... Implications What are the implications of these financial indicator levels for recent Asian corporate performance? A partial picture emerges from research papers now coming out of investment banks. This research shows that corporations suffered significant damage as a result of high debt-equity rati ...
... Implications What are the implications of these financial indicator levels for recent Asian corporate performance? A partial picture emerges from research papers now coming out of investment banks. This research shows that corporations suffered significant damage as a result of high debt-equity rati ...
foreign exchange risk and diversification
... a member country would face a debt crisis. • In early 2010 they should have viewed Greece as a good opportunity to set a precedent for moral hazard: – The fault egregiously lay with Greece itself. • Unlike Ireland or Spain, which had done much right. ...
... a member country would face a debt crisis. • In early 2010 they should have viewed Greece as a good opportunity to set a precedent for moral hazard: – The fault egregiously lay with Greece itself. • Unlike Ireland or Spain, which had done much right. ...
Timothy Boobier Grazia Manisera Steffy Ndjotong
... assets as part of a foreign exchange reserves management strategy to maintain their exchange rate pegs, so as to maintain competitive exports (and to avoid repeat of 1997). ◦ Chinese undervaluation of the renminbi is a case in ...
... assets as part of a foreign exchange reserves management strategy to maintain their exchange rate pegs, so as to maintain competitive exports (and to avoid repeat of 1997). ◦ Chinese undervaluation of the renminbi is a case in ...