Download or read book Friedman Redux written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 2014-08-08 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Milton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that they do. We argue that this is because they use composite (or aggregate) exchange rate regime classifications, which often mask very heterogeneous bilateral relationships between countries. Constructing a novel dataset of bilateral exchange rate regimes that differentiates by the degree of exchange rate flexibility, as well as by direct and indirect exchange rate relationships, for 181 countries over 1980–2011, we find a significant and empirically robust relationship between exchange rate flexibility and the speed of external adjustment. Our results are supported by several “natural experiments” of exogenous changes in bilateral exchange rate regimes.
Download or read book Friedman Redux written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 2014-08-08 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Milton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that they do. We argue that this is because they use composite (or aggregate) exchange rate regime classifications, which often mask very heterogeneous bilateral relationships between countries. Constructing a novel dataset of bilateral exchange rate regimes that differentiates by the degree of exchange rate flexibility, as well as by direct and indirect exchange rate relationships, for 181 countries over 1980–2011, we find a significant and empirically robust relationship between exchange rate flexibility and the speed of external adjustment. Our results are supported by several “natural experiments” of exogenous changes in bilateral exchange rate regimes.
Download or read book McKenzie Barber Redux written by Dwight E. Foster and published by AuthorHouse. This book was released on 2008-08-26 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: MeKenzie Barber Redux is the story of a reunion of McKenzie Barber (an acquired consulting firm) and Robson Barber (the acquiring firm.) It has been five years following the 1992 merger vote held at the Boca Mirage Club. The merger resulted in capsized careers for many McKenzie Barber Partners and advancements for a select few. John Grunwaldyt, the protagonist, has been a casualty. Since the merger he has been in the Litigation "Penalty Box" flopped in the backwaters of the merged firm's Chemical Industries Practice, left his wife and moved in with a lady named Amanda, a media communications consultant, and his career is in limbo short of vesting in the firm's retirement plan. One of the youngest partner admissions in the history of the firm at age 28, his golden boy career, appears to have landed in a permanent ditch. He is summoned to the office of Dr. Gilbert Ranglinger, Vice Chairman-Human Resources for Robson Barber for an early morning meeting. Dr.Ranglinger's nickname in the corridors of Robson Barber is "Dr. Death". Grunwaldyt assumes he has been summoned to commence termination discussions. Instead Dr. Death proposes that Grunwaldyt organize a Reunion for the McKenzie Barber Partners. He is given the choice, organize the reunion or begin termination discussions. Jon Grunwaldyt begins an odyssey that confronts his past, faces the options of a cloudy future, and leads to a confrontation in the final fork in his career road, a McKenzie Barber Alumni Reunion at the resort hotel called Boca Mirage.
Download or read book Focus On 100 Most Popular American Agnostics written by Wikipedia contributors and published by e-artnow sro. This book was released on with total page 2268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rediscovering Political Economy written by Joseph Postell and published by Lexington Books. This book was released on 2011-08-16 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent economic crisis in the United States has highlighted a crisis of understanding. In this volume, Bradley C. S. Watson and Joseph Postell bring together some of America's most eminent thinkers on political economy—an increasingly overlooked field wherein political ideas and economic theories mutually inform each other. Only through a restoration of political economy can we reconnect economics to the human good. Economics as a discipline deals with the production and distribution of goods and services. Yet the study of economics can-indeed must—be employed in our striving for the best possible political order and way of life. Economic thinkers and political actors need once again to consider how the Constitution and basic principles of our government might give direction and discipline to our thinking about economic theories, and to the economic policies we choose to implement. The contributors are experts in economic history, and the history of economic ideas. They address basic themes of political economy, theoretical and practical: from the relationship between natural law and economics, to how our Founding Fathers approached economics, to questions of banking and monetary policy. Their insights will serve as trusty guides to future generations, as well as to our own.
Download or read book Adaptive Efficiency During the Great Recession written by Robert Fritzsch and published by Springer. This book was released on 2019-07-30 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert Fritzsch provides an institutional economic analysis of the Great Recession. The author shows that institutions matter as determinants of crisis resilience - however in a different way than predicted by the prominent theories of Olson (1982) and North, Wallis, Weingast (2009), as the crisis was most severe in developed countries with democratic political institutions, rule of law and restrained regulations. The empirical results support theoretical predictions only within the sub-group of developed countries, where rule of law and restrained regulations show a positive association with crisis resilience.
Download or read book Accountability Transparency and Democracy in the Functioning of Bretton Woods Institutions written by Elena Sciso and published by Springer. This book was released on 2017-07-04 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the strengths and weaknesses – in terms of transparency and compliance with the democratic principle – of Bretton Woods Institutions, considering the most important innovations from the original framework achieved through the introduction of independent accountability and complaint mechanisms (the Inspection Panel and Independent Evaluation Office), but also due to relevant reforms in the internal governance of the International Monetary Fund and the new financial assistance tools. One of its main focuses is on evaluating the socio-economic impact of conditionality in the countries requiring financial assistance, acknowledging the need to strengthen social protection policies in the adjustment programs. In addition, emphasis is given to the effects of the “constitutionalization” of the Washington Consensus in the European Union, with the establishment of the so-called “Berlin-Brussels-Frankfurt Consensus.”
Download or read book A New Look at the Determinants of Growth in Asian Countries written by Mr.Manuk Ghazanchyan and published by International Monetary Fund. This book was released on 2015-09-03 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the drivers of growth in Asian countries, with focus on the role of investment, the exchange rate regime, financial risk, and capital account openness. We use a panel data set of a sample of Asian countries over the period 1980 to 2012. Our results indicate that private and public investments are strong drivers of growth, while more limited evidence is found that reduced financial risk and higher foreign direct investment support growth. The exchange rate regime does not appear to be a strongly significant determinant of growth, but some specifications suggest that more flexible regimes are beneficial in this respect. Financial crises have a stronger dampening effect on growth in countries with more open capital accounts.
Download or read book Switzerland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-06-27 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues
Download or read book World Economic Outlook October 2014 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2014-10-07 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pace of recovery has disappointed in recent years, and downside risks have increased, including from heightened geopolitical tensions. These increased risks make it a priority to raise actual and potential growth. In a number of economies, an increase in public infrastructure investment can also provide support to demand and help boost potential output. And in advanced economies as well as emerging and developing economies there is a general, urgent need for structural reforms to strengthen growth potential or make growth more sustainable. The four individual chapters examine the overall global outlook, the prospects for individual countries and regions, the benefits of increased public infrastructure investment in terms of raising output, and the extent to which global imbalances have narrowed significantly since their peak in 2006.
Download or read book Regulating Capital Flows at Both Ends written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 2014-10-17 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient countries, as was originally advocated by John Maynard Keynes and Harry Dexter White. To this end, we use data on bilateral cross-border bank flows from 31 source to 76 recipient (advanced and emerging market) countries over 1995–2012, and combine this information with a new and comprehensive dataset on various outflow and inflow related capital controls and prudential measures in these countries. Our findings suggest that CARs at either end can significantly influence the volume of cross-border bank flows, with restrictions at both ends associated with a larger reduction in flows. We also find evidence of cross-border spillovers whereby inflow restrictions imposed by countries are associated with larger flows to other countries. These findings suggest a useful scope for policy coordination between source and recipient countries, as well as among recipient countries, to better manage potentially disruptive flows.
Download or read book IMF Research Bulletin December 2014 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-09-15 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The December 2015 IMF Research Bulletin features a sampling of key research from the IMF. The Research Summaries in this issue look at “The Impact of Deflation and Lowflation on Fiscal Aggregates (Nicolas End, Sampawende J.-A. Tapsoba, Gilbert Terrier, and Renaud Duplay); and “Oil Exporters at the Crossroads: It Is High Time to Diversify” (Reda Cherif and Fuad Hasanov). Mahvash Saeed Qureshi provides an overview of the fifth Lindau Meeting in Economics in “Meeting the Nobel Giants.” In the Q&A column on “Seven Questions on Financial Frictions and the Sources of the Business Cycle, Marzie Taheri Sanjani looks at the driving forces of the business cycle and macroeconomic models. The top-viewed articles in 2014 from the IMF Economic Review are highlighted, along with recent IMF Working Papers, Staff Discussion Notes, and IMF publications.
Download or read book Comfort in Floating Taking Stock of Twenty Years of Freely Floating Exchange Rate in Chile written by Elías Albagli and published by International Monetary Fund. This book was released on 2020-06-19 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chile offers an example of a country that has overcome the fear of floating by reducing balance sheet mismatches, enhancing financial market development, as well as improving monetary, fiscal, and political institutions, and strengthening policy credibility. Under the floating regime, Chile’s economic adjustment to external shocks appears significantly improved, and its exchange rate pass-through has substantially declined. Our results reinforce the case that moving to a clear and credible floating regime can be associated with a reduction in the fear of floating via economic transformation (like smaller balance sheet mismatches, a larger hedging market, and a lower exchange rate pass-through).
Download or read book Neoliberalism 2 0 Regulating and Financing Globalizing Markets written by L. Nijs and published by Springer. This book was released on 2016-01-26 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's increasingly globalized environment, many economic fundamentals need to be reconsidered in order to regain stability in the global marketplace. One such consideration is the failing dynamics of the international tax infrastructure. Neoliberalism 2.0 brings a 21st century assessment of the Pigovian taxes, considering a completely new calibration of the international tax systems, inspired by the historically developed Pigovian tax model. The book considers the impact neoliberalism had and will have on regulatory infrastructure, democracy in an era of globalization and reduced legitimation of the national state. The Pigovian model brings home the often forgotten relationship between taxation (as a part of the regulatory sphere), macro-economics, and the political-philosophical context in which law and economics emerge. The model also takes into account the phenomena of globalization and financialization and is tested using the financial sector as an example. This book addresses the many challenges a Pigovian shift would imply for the sovereign and its national economies. Neoliberalism 2.0 demonstrates the ability to design a paradigm-changing alternative to the current tax infrastructure, while taking into account a low economic growth environment of the future, the implications of globalization and the changing relationship between citizens and their state.
Download or read book The Analyst s Desire written by Mitchell Wilson and published by Bloomsbury Publishing USA. This book was released on 2020-07-09 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mitchell Wilson explores the fundamental role that lack and desire play in psychoanalytic interpretation by using a comparative method that engages different psychoanalytic traditions: Lacanian, Bionian, Kleinian, Contemporary Freudian. Investigating crucial questions Wilson asks: What is the nature of the psychoanalytic process? How are desire and counter-transference linked? What is the relationship between desire, analytic action, and psychoanalytic ethics?
Download or read book New York Magazine written by and published by . This book was released on 1989-10-23 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York magazine was born in 1968 after a run as an insert of the New York Herald Tribune and quickly made a place for itself as the trusted resource for readers across the country. With award-winning writing and photography covering everything from politics and food to theater and fashion, the magazine's consistent mission has been to reflect back to its audience the energy and excitement of the city itself, while celebrating New York as both a place and an idea.
Download or read book Liberty and Equality in Political Economy written by Nicholas Capaldi and published by Edward Elgar Publishing. This book was released on 2016-05-27 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liberty and Equality in Political Economy is an evolutionary account of the ongoing debate between two narratives: Locke and liberty versus Rousseau and equality. Within this book, Nicholas Capaldi and Gordon Lloyd view these authors and their texts as parts of a conversation, therefore highlighting a new perspective on the texts themselves.
