Download or read book Regional Trading Blocs in the World Economic System written by Jeffrey A. Frankel and published by Peterson Institute. This book was released on 1997 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers trends from 1957 to 1995.

Download or read book How Much Do National Borders Matter written by John F. Helliwell and published by Brookings Institution Press. This book was released on 2000-06-27 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely believed that globalization has proceeded to the point where international economic linkages are as strong as those within nations. Struck by research suggesting that this perception is dramatically mistaken, John Helliwell spent three years assessing the evidence. The results are reported in this book, the latest in Brookings' Integrating National Economies series. It provides the most systematic measurements yet available of the relative importance of global and national economic ties. The original finding, based on a gravity model of trade flows, was that 1988 trade linkages between Canadian provinces were twenty times as dense as those between Canadian provinces and U.S. states of similar size and distance. A much longer and more detailed body of data is used to expand and explain these findings. Data for trade within and among OECD and some developing countries are used to show that the Canadian-U.S. results are applicable to other countries. Helliwell then surveys and extends the evidence relating to price linkages, capital mobility, migration, and knowledge spillovers, finding in all cases very large border effects. The evidence offers a challenge to economists, policymakers, and citizens to explain why national economies have so much staying power, and to consider whether this is a good or bad thing. Helliwell argues that since large and small industrial economies have similar levels of income, there are likely to be diminishing returns from increases in globalization beyond levels sufficient to permit the ready exploitation of comparative advantages in trade, and relatively easy access to knowledge developed elsewhere.

Download or read book Scotland Analysis Macroeconomic and Fiscal Performance Cm 8694 written by Great Britain: H.M. Treasury and published by The Stationery Office. This book was released on 2013-09-03 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: In September 2014 people in Scotland will take one of the most important decisions in the history of Scotland and the whole of the United Kingdom (UK) - whether to stay in the UK, or leave it and become a new, separate and independent state. In advance of the referendum, the UK Government will ensure through the Scotland analysis programme that the debate is properly informed by analysis, and that the facts crucial to considering Scotland's future are set out. This paper sets out the role of economic and fiscal integration in shaping Scotland's economic performance as part of the UK and describes some of the potential economic and fiscal consequences of independence. It follows the fourth paper in the Scotland analysis series, Scotland analysis: Business and microeconomic framework, which sets out how the UK's domestic market is a key part of Scotland's successful business environment

Download or read book Debating Scotland written by Michael Keating and published by Oxford University Press. This book was released on 2017-01-19 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 18 September 2014, Scotland held a referendum on the question: Should Scotland be an independent country? This is a most unusual event in modern democracies and engaged the political class, civil society, and the general public to an unprecedented degree, leading to an 85 per cent turnout in the final vote. This was an occasion to debate not just the narrow constitutional issue but the future of the nation, including the economy, social welfare, defence and security, and Scotland's place in Europe and the world. Debating Scotland comes from a team of researchers who observed the debates from close-up and engaged with both sides, with the media and with the public in analyzing the issues, while remaining neutral on the independence question. The book examines the main issues at stake, how they were presented, and how they evolved over the course of the campaign. The editors and contributing authors explore the ways both independence and union were framed, the economic issues, the currency, welfare, defence and security, the European Union, and how the example of small independent states was used. The volume concludes with an analysis of voter responses, based upon original survey research, which demonstrates how perceptions of risk and uncertainty on the main issues played a key role in the outcome.

Download or read book Emerging Economies and Multinational Enterprises written by Laszlo Tihanyi and published by Emerald Group Publishing. This book was released on 2015-06-25 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 28 of the Advances in International Management focuses on the opportunities and challenges for multinational enterprises that consider emerging economies and their destinations. It provides a forum for thought-provoking idea and empirical research, and is ideal for researchers and doctoral students whose work touches emerging markets.

Download or read book International Regional Economic Integration and the Development of China s Borderland Economies written by Shuanglu Liang and published by Springer Nature. This book was released on with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Scotland analysis written by Great Britain: H.M. Treasury and published by Stationery Office. This book was released on 2013-05-20 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second Scotland analysis paper, Currency and monetary policy, explained that the currency and macroeconomic framework that operates across the UK would not be able to continue between two separate states. In the event of a vote for independence, there would be further consequences for the financial sector and for its customers which are analysed in the current paper. The most profound implication is that independence would create two separate financial jurisdictions: the continuing UK and a new, independent Scotland, which would require its own legal and regulatory framework. The competitiveness of Scotland's financial sector is aided by its location within the UK. Industry and international bodies view the UK as a strong tax and regulatory regime, building customers' and partner organisations' trust in UK financial firms. Being part of the UK helps support the Scottish financial services sector, which generates employment not just in financial services firms, but in the professional and other services that support the sector. Location in a larger economy also helps to reduce firms' cost of borrowing because markets perceive these firms as less of a risk. If Scotland became independent, this position would be called into question: The Scottish banking sector would be exceptionally large compared to the size of an independent Scotland's economy, making it more vulnerable to financial shocks than it is as part of the larger UK. There could be questions about an independent Scotland's ability to stabilise its banking system in the event of a future financial crisis

Download or read book The Industrial Organization of Banking written by David VanHoose and published by Springer Nature. This book was released on 2022-11-14 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an evaluation of the industrial organization of banking with a focus on the interrelationship among bank behavior, market structure, and regulation. It addresses a wide range of public policy topics, including bank competition and risk, international banking, antitrust issues, and capital regulation. New to this edition, which has been updated throughout, is a broadened consideration of alternative theories of competition among banks, which includes discussions of such issues as the implications of large increases in bank reserve holdings in recent years, effects of nonprice competition through quality rivalry, analysis of mixed market structures involving both large and small banks, and international interactions of banks and policymakers. The intent of the book is to serve as a learning tool and reference for graduate students, academics, bankers, and policymakers seeking to better understand the industrial organization of the banking sector and the effects of banking regulations.

Download or read book Economics Advances in Research and Application 2013 Edition written by and published by ScholarlyEditions. This book was released on 2013-06-21 with total page 843 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics—Advances in Research and Application: 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Tariffs. The editors have built Economics—Advances in Research and Application: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Tariffs in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Economics—Advances in Research and Application: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.

Download or read book Macroprudential Policies in Southeastern Europe written by Dilyana Dimova and published by International Monetary Fund. This book was released on 2016-02-15 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a detailed account of the rich set of macroprudential measures taken in four Southeastern European countries—Bulgaria, Croatia, Romania, and Serbia—during their synchronized boom and bust cycles in 2003–12, and assesses their effectiveness. We find that only strong measures helped contain domestic credit growth, the share of foreigncurrency- denominated loans provided by the domestic banking sector, or the domestic banking sector’s reliance on foreign borrowing during the boom years. We also find that circumvention via direct external borrowing often fully offset the effectiveness of these strict measures, and thatmeasures taken during the bust had no discernible impact. We conclude that (i) proper calibration of macroprudential measures is of the essence; (ii) only strong, broad-based macroprudential measures can contain credit booms; (iii) econometric studies of macroprudential policy effectiveness should focus on measures rather than on instruments (i.e. classes of measures) and in so doing allow for possible non-linear and state-contingent effects.

Download or read book World Economic Outlook October 2017 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2017-10-10 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global upswing in economic activity is strengthening. Global growth, which in 2016 was the weakest since the global financial crisis at 3.2 percent, is projected to rise to 3.6 percent in 2017 and to 3.7 percent in 2018. The growth forecasts for both 2017 and 2018 are 0.1 percentage point stronger compared with projections earlier this year. Broad-based upward revisions in the euro area, Japan, emerging Asia, emerging Europe, and Russia—where growth outcomes in the first half of 2017 were better than expected—more than offset downward revisions for the United States and the United Kingdom. But the recovery is not complete: while the baseline outlook is strengthening, growth remains weak in many countries, and inflation is below target in most advanced economies. Commodity exporters, especially of fuel, are particularly hard hit as their adjustment to a sharp step down in foreign earnings continues. And while short-term risks are broadly balanced, medium-term risks are still tilted to the downside. The welcome cyclical pickup in global activity thus provides an ideal window of opportunity to tackle the key policy challenges—namely to boost potential output while ensuring its benefits are broadly shared, and to build resilience against downside risks. A renewed multilateral effort is also needed to tackle the common challenges of an integrated global economy.

Download or read book Canada written by Harvey Lazar and published by IIGR, Queen's University. This book was released on 1999-02 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Financial Stability Report April 2015 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2015-04-15 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current report finds that, despite an improvement in economic prospects in some key advanced economies, new challenges to global financial stability have arisen. The global financial system is being buffeted by a series of changes, including lower oil prices and, in some cases, diverging growth patterns and monetary policies. Expectations for rising U.S. policy rates sparked a significant appreciation of the U.S. dollar, while long term bond yields in many advanced economies have decreased—and have turned negative for almost a third of euro area sovereign bonds—on disinflation concerns and the prospect of continued monetary accommodation. Emerging markets are caught in these global cross currents, with some oil exporters and other facing new stability challenges, while others have gained more policy space as a result of lower fuel prices and reduced inflationary pressures. The report also examines changes in international banking since the global financial crisis and finds that these changes are likely to promote more stable bank lending in host countries. Finally, the report finds that the asset management industry needs to strengthen its oversight framework to address financial stability risks from incentive problems between end-investors and portfolio managers and the risk of runs due to liquidity mismatches.

Download or read book Risk and Foreign Direct Investment written by C. White and published by Springer. This book was released on 2006-01-25 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incorporating an accurate measure of risk is important to the appraisal of an international investment. This book examines and recommends how decisions on international investment projects are made. Critiquing and integrating existing theory, it shows how risk can be incorporated into the present value formula produce a clear decision rule.

Download or read book Globalization and Well being written by John F. Helliwell and published by UBC Press. This book was released on 2002 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Researchers and policy-makers are taking a new look at public policies to find broader grounds for assessing their economic and social impacts on individuals, families, communities, and nations. This book introduces this new research on social capital and well-being and applies it to key issues facing individuals and governments in the age of globalization. John Helliwell first looks at the latest evidence about the extent to which globalization has altered the scope and salience of nation-states. He then deals with the implications for both domestic and international policies. Throughout the book, the author emphasizes well-being as an explicit focus for research and for public policies. He argues that, whatever one thinks of globalization, there is ample scope for countries like Canada to not only retain their distinctive qualities but also to have independent national and international policies. Globalization and Well-Being is essential reading for all those trying to think their way through the welter of conflicting assertions about what is left for national policies in today's world. It will be of special interest to those thinking about whether Canada should focus on its North American linkages or on building bridges to the broader international community.

Download or read book World 3 0 written by Pankaj Ghemawat and published by Harvard Business Review Press. This book was released on 2011-04-26 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the financial crisis of 2008, many of us have had to reexamine our beliefs about markets and globalization. How integrated should economies really be? How much regulation is right? Many people fuse these two dimensions of choice into one, either favoring both globalization and deregulation—or opposing both of them. It doesn’t have to be that way. In World 3.0, award-winning author and economist Pankaj Ghemawat reveals the folly in both of these responses. He calls for a third worldview—one in which both regulation and cross-border integration coexist and complement one another. Ghemawat starts by exposing common assumptions about globalization to hard data, proving that the world is not nearly as globalized as we think. And he explains why the potential gains from further integration are much larger than even pro globalizers tend to believe. He then tackles market failures and fears—job losses, environmental degradation, macroeconomic volatility, and trade and capital imbalances—that opponents of globalization often invoke. Drawing on compelling data, he shows that increased globalization can actually alleviate some of these problems. Finally, Ghemawat describes how a wide range of players—businesses, policy makers, citizens, media—can help open up flows of ideas, people, and goods across borders, but in ways that maximize the benefits and minimize the potential side effects. World 3.0 dispels powerfully entrenched—but incorrect—assumptions about globalization. Provocative and bold, this new book explains how people around the world can secure their collective prosperity through new approaches to cross-border integration. Ghemawat’s thinking will surprise and move you—no matter where you stand on globalization.

Download or read book International Economics and Confusing Politics written by David Robertson and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume must be read and recommended to the policy makers of developed and developing countries alike. Global Business Review In a world in which noisy anti-globalization groups get huge media attention, it is refreshing to read this more-measured analysis of the interface between international economics and politics, and of the positive role institutions such as the WTO can play to improve our lot. Kym Anderson, The World Bank, US David Robertson is an expert guide on the intricacies of international trade politics, the WTO, and so-called civil society. This valuable book incisively cuts through the rhetoric surrounding international trade and should be read by all who care about the future of the world trading system. Douglas A. Irwin, Dartmouth College, US This book is an amazing and unusual piece of scholarship. It reviews with equal candour the activities of industry groups, NGOs and the multilateral organisations, giving readers an understanding of where the debate about globalisation is taking the world economy. Peter J. Lloyd, University of Melbourne, Australia This is a carefully crafted, well balanced and eminently readable monograph. It bravely tackles some of the critical, yet controversial, issues of contemporary international political economy. The author pulls no punches, and, as a consequence, his analysis and policy recommendations are particularly pertinent and refreshing. John H. Dunning, University of Reading, UK and Rutgers University, US The great historic lesson of the second half of the 20th century was that opening national economies to international trade and flows of capital, knowledge and enterprise boosts prosperity and liberty. Yet, in recent decades promoters of Green and other single issues have turned against openness. In this book, David Robertson draws on his wide practical experience and academic knowledge to unmask the follies, and warn of the damages from protectionism. Wolfgang Kasper, University of New South Wales, Australia David Robertson supplies a definitive account the definitive account of the economics and politics of global commerce. His book is impressively informed about the vicissitudes of international trade and rests on extraordinary knowledge of the treaties and institutions that have governed its perilous course through recent decades. Unusually in a work of such learning, the author openly confronts the enemies of free trade. He exposes the self-interest of international lawyers and NGOs when they attempt to restrict trade and his analyses of failings in the EU and UN are hard to refute. International Economics and Confusing Politics is a signal resource for anyone concerned with the management of the global economy. Eric Jones, Melbourne Business School, Australia and Netherlands Institute of Advanced Study The IMF, the World Bank and GATT/WTO have had to adapt to changing circumstances in the past 60 years as they guided the world economy to growing interdependence and prosperity. Now they face several simultaneous challenges. In this book, David Robertson discusses the rise of new economic players, including proliferating NGOs, self-promoting UN agencies and emerging economies (such as Brazil, China and India), which call into question the management of G7 governments. This volume assesses the future of international economic relations as economic imbalances are exacerbated by these developments and by changing international alliances. The author also considers the interests of small developing countries, which are acting collectively to seek a place at the table , as well as more preferential treatment. International socialism has re-invented itself as participatory democracy , which is employed by civil society to challenge inter-governmental agencies. The future of international economic integration will depend on how these developments affect trade, finance, aid and development policies. Providing a review of international economic relations