Download or read book Devaluation Debacle and Aftermath written by Lawrence Jay White and published by . This book was released on 1964 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Devaluation Debacle Introspects Retrospects and Prospects written by M. R. Hazaray and published by . This book was released on 1966 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Devaluation Debacle written by M. R. Hazaray and published by . This book was released on 1966 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Global Capitalist Crisis and Its Aftermath written by Berch Berberoglu and published by Routledge. This book was released on 2016-12-05 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a team of experts on the contemporary global capitalist political economy who are able to shed light on the inner workings of global capitalism and the capitalist globalization process that has led to the growth and development of capitalism from the national to the global level, this groundbreaking volume provides critical analyses of the causes and consequences of the Great Recession of 2008-2009. Through a careful examination of the origin, development and aftermath of the catastrophic economic crisis from which the world is still trying to recover, editor Berch Berberoglu and his colleagues demonstrate that those most responsible for the economic collapse are the ones least affected by its devastating impact felt most severely by working people around the world. Ultimately, this book argues that it is only through the systematic restructuring of the world economy by the working class that society will be able to prevent the boom and bust cycle of global capitalist crises and usher in a more egalitarian socialist economy and society.
Download or read book Latin American Macroeconomic Reforms written by José Antonio González and published by University of Chicago Press. This book was released on 2010-04-15 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to macroeconomic reforms, and this book brings together prominent economists and policymakers to assess a decade of such policy shifts, highlighting both the many success stories and the areas in which further work is needed. Contributors offer both case studies of individual countries and regional overviews, covering monetary, financial, and fiscal policy. Contributors also work to identify future concerns and erect clear signposts for future reforms. For instance, now that inflation rates have been stabilized, one suggested "second stage" monetary reform would be to focus on reducing rates from high to low single digits. Financial sector reforms, it is suggested, should center on improving regulation and supervision. And, contributors argue, since fiscal stability has already been achieved in most countries, new fiscal reforms need to concentrate on institutionalizing fiscal discipline, improving the efficiency and equity of tax collection, and modifying institutional arrangements to deal with increasingly decentralized federal systems. The analysis and commentary in this volume-authored not only by academic observers but by key Latin American policymakers with decades of firsthand experience-will prove important to anyone with an interest in the future of Latin American's continuing economic development and reform. Contributors to this volume: José Antonio González, Stanford University Anne O. Krueger, International Monetary Fund Vittorio Corbo, Pontifical Catholic University, Chile Klaus Schmidt-Hebbel, Central Bank of Chile Alejandro Werner, Bank of Mexico Márcio G. P. Garcia, Pontifical Catholic University, Rio Tatiana Didier, World Bank Gustavo H. B. Franco, former president, Central Bank of Brazil Francisco Gil Díaz, Minister of the Treasury, Mexico Roberto Zahler, former governor, Central Bank of Chile Ricardo J. Caballero, Massachusetts Institute of Technology Philip L. Brock, University of Washington Stephen Haber, Stanford University Pablo E. Guidotti, Universidad Torcuato Di Tella, Buenos Aires Vito Tanzi, International Monetary Fund Enrique Dávila, Ministry of Finance, Mexico Santiago Levy, Mexican Social Security Institute Ricardo Fenochietto, private consultant, Buenos Aires Rogério L. F. Werneck, Pontifical Catholic University, Rio Carola Pessino, Universidad Torcuato di Tella, Buenos Aires Michael Michaely, Hebrew University of Jerusalem
Download or read book The Decline of Sterling written by Catherine R. Schenk and published by Cambridge University Press. This book was released on 2010-05-27 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demise of sterling as an international currency was widely predicted after 1945, but the process took thirty years to complete. Why was this demise so prolonged? Traditional explanations emphasize British efforts to prolong sterling's role because it increased the capacity to borrow, enhanced prestige, or supported London as a centre for international finance. This book challenges this view by arguing that sterling's international role was prolonged by the weakness of the international monetary system and by collective global interest in its continuation. Using the archives of Britain's partners in Europe, the USA and the Commonwealth, Catherine Schenk shows how the UK was able to convince other governments that sterling's international role was critical for the stability of the international economy and thereby attract considerable support to manage its retreat. This revised view has important implications for current debates over the future of the US dollar as an international currency.
Download or read book Guaranteed to Fail written by Viral V. Acharya and published by Princeton University Press. This book was released on 2011-03-14 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why America's public-private mortgage giants threaten the world economy—and what to do about it The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets.
Download or read book Canada s International Trade written by Bruce W. Wilkinson and published by . This book was released on 1968 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Introduction: Our approach to this study is as follows. In Chapter 2 we consider Canadian merchandise trade in relation to other current-account items and to gross national expenditure. Chapter 3 examines the changes in commodity composition and sources of imports as well as the changes in composition and destintation of exports. We devote Chapter 4 to a consideration of a limited number of short-run influences on Canadian trade patterns, whereas in the following chapter the factor-endowment characteristics of trade in manufacture are examined. In Chapters 6, 7, and 8 we assess the relative significance of several long-run determinants of manufactured exports and imports and summarize a number of major conclusions of this study.
Download or read book The Age of Oversupply written by Daniel Alpert and published by Penguin. This book was released on 2014-08-26 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments and central banks across the developed world have tried every policy tool imaginable, yet our economies remain sluggish or worse. How did we get here, and how can we compete and prosper once more? Daniel Alpert argues that a global labor glut, excess productive capacity, and a rising ocean of cheap capital have kept the Western economies mired in underemployment and anemic growth. We failed to anticipate the impact of the torrent of labor and capital unleashed by formerly socialist economies. Many policymakers miss the connection between global oversupply and the lack of domestic investment and growth. But Alpert shows how they are intertwined and offers a bold, fresh approach to fixing our economic woes. Twitter: @DanielAlpert
Download or read book Unexpected Outcomes written by Carol Wise and published by Brookings Institution Press. This book was released on 2015-03-10 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume documents and explains the remarkable resilience of emerging market nations in East Asia and Latin America when faced with the global financial crisis in 2008-2009. Their quick bounceback from the crisis marked a radical departure from the past, such as when the 1982 debt shocks produced a decade-long recession in Latin America or when the Asian financial crisis dramatically slowed those economies in the late 1990s. Why? This volume suggests that these countries' resistance to the initial financial contagion is a tribute to financial-sector reforms undertaken over the past two decades. The rebound itself was a trade-led phenomenon, favoring the countries that had gone the farthest with macroeconomic restructuring and trade reform. Old labels used to describe "neoliberal versus developmentalist" strategies do not accurately capture the foundations of this recovery. These authors argue that policy learning and institutional reforms adopted in response to previous crises prompted policymakers to combine state and market approaches in effectively coping with the global financial crisis. The nations studied include Korea, China, India, Mexico, Argentina, and Brazil, accompanied by Latin American and Asian regional analyses that bring other emerging markets such as Chile and Peru into the picture. The substantial differences among the nations make their shared success even more remarkable and worthy of investigation. And although 2012 saw slowed growth in some emerging market nations, the authors argue this selective slowing suggests the need for deeper structural reforms in some countries, China and India in particular.
Download or read book White Heat written by Dominic Sandbrook and published by Abacus. This book was released on 2015-02-05 with total page 741 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'An active pleasure to read' Mail on Sunday Harold Wilson's famous reference to 'white heat' captured the optimistic spirit of a society in the midst of breathtaking change. From the gaudy pleasures of Swinging London to the tragic bloodshed in Northern Ireland, from the intrigues of Westminster to the drama of the World Cup, British life seemed to have taken on a dramatic new momentum. The memories, images and colourful personalities of those heady times still resonate today: mop-tops and mini-skirts, strikes and demonstrations, Carnaby Street and Kings Road, Harold Wilson and Edward Heath, Mary Quant and Jean Shrimpton, Enoch Powell and Mary Whitehouse, Marianne Faithfull and Mick Jagger. In this wonderfully rich and readable historical narrative, Dominic Sandbrook looks behind the myths of the Swinging Sixties to unearth the contradictions of a society caught between optimism and decline.
Download or read book The Political Economy of the East Asian Crisis and Its Aftermath written by Arvid John Lukauskas and published by Edward Elgar Publishing. This book was released on 2001 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists from the US, the World Bank, the International Monetary Fund, and a few other countries--none Asian--assess the causes and consequences of the East Asian crisis of 1997-98, focusing especially on the interplay of economic and political forces. In eight papers and a summary of a roundtable discussion, primarily from a March 1999 conference at Columbia University, they consider such aspects as the anatomy of the emerging market disease, the politics of moral hazard, the US role in the long Asian crisis of 1990-2000, and from higher risk to risk aversion and the danger of protectionism. Annotation copyrighted by Book News Inc., Portland, OR
Download or read book The Dollar Trap written by Eswar S. Prasad and published by Princeton University Press. This book was released on 2015-08-25 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.
Download or read book Expropriation and Aftermath written by Ewell E. Murphy and published by . This book was released on 1984 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book East Asia written by Yongnian Zheng and published by World Scientific. This book was released on 2013 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of the book is to provide readers with an understanding of the important and emerging political, economic and social trends and challenges in East Asia in the coming years.There is urgency to conduct such a review of the state of East Asian affairs as the international and regional environments seemed to be headed towards greater uncertainty. At the international level, the European Union (EU) continues to grapple with its debt crisis with no clear resolution in sight. On the other side of the Atlantic, the US is gearing up for its presidential and congressional elections that will take place towards the end of 2012. The outcome of these elections would have implications for America''s relations with countries in East Asia, particularly China. Already, in the run-up to these elections, potential candidates have whipped up anti-China sentiments or even called for tough anti-China measures to appeal their respective constituencies.More significantly, with the relative decline of the US and EU, increasing doubts have been raised concerning the values and beliefs that have undergird the US and individual European countries'' political system and institutions since World War Two. China''s current stellar economic growth in the midst of the sputtering performance of the US and the EU economies have lent increasing legitimacy to the attractiveness of China''s model that combines strong authoritarian leadership with the vibrancy of a market economy. Managing a rising China and a declining US and the EU will have an impact, whether big or small, on the countries in Asia.Also, in East Asia, a number of countries have either undergone or are going to undergo major elections that have elected or will elect a new leadership to take over the helm, with possible implications for policy adjustments or possibly even policy changes in these countries. China is gearing up for its crucial leadership transition at the 18th Party Congress, while Taiwan has held its presidential election; Hong Kong has elected its Chief Executive and will hold the Legislative Council elections, while the two OC KoreasOCO will be adjusting to the post-Kim Jong-il uncertainty. Japan, too is still trying to recover from the triple disasters (tsunami, earthquakes and the radioactivity fallout) with the current Noda administration still trying to figure a way out to revitalize the Japanese economy."
Download or read book Constructing Democratic Governance written by Jorge I. Domínguez and published by JHU Press. This book was released on 1996 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Constructing Democratic Governance, Jorge I. Dominguez and Abraham F. Lowenthal bring together a distinguished group of scholars to assess how well democracy has been working in this volatile part of the world. The authors find that serious problems still plague these new democracies. Many of these problems are related to the political institutions, including political parties, the civil service, and the justice system. Part I introduces broad thematic surveys of such key issues as the role of the left, conservatism, inequality, and indigenous peoples. Part II reviews the South American nations. Part III focuses on Mexico, Central America, and the Caribbean, including Cuba. In Part IV, the volume editors draw conclusions about the problems and prospects for stable democracies in Latin America. In addition to the complete hardcover edition, Constructing Democratic Governance is available in three paperback volumes, each containing the introduction and conclusion from the complete edition and organized for convenient course use.
Download or read book Far Eastern Economic Review written by and published by . This book was released on 1985 with total page 1266 pages. Available in PDF, EPUB and Kindle. Book excerpt:
