Author : Clare Allcard
Publisher : W. W. Norton & Company
Page : 308 pages
File Size : 42,36 MB
Release : 1997
Category : Science
ISBN : 9780393315967
In 1974 Clare Allcard and her husband Edward, with their baby daughter, took up residence on their 69-foot former Baltic trader, in which they continue to cruise around the world. From her own experience, Allcard shares with others who would like to try sea livingwhether for a week or a lifetimehow to predict a squall, navigate customs, earn money as you go, cope with health issues, gut and dry fish, stretch your fresh water supply, and many other tips. Photos.
Author : Compiled by the British Library of Political and Economic Science
Publisher : Psychology Press
Page : 644 pages
File Size : 21,79 MB
Release : 1999-12-16
Category : Business & Economics
ISBN : 9780415221054
Renowned for its international coverage and rigorous selection procedures, this series provides the most comprehensive and scholarly bibliographic service available in the social sciences. Arranged by topic and indexed by author, subject and place-name, each bibliography lists and annotates the most important works published in its field during the year of 1997, including hard-to-locate journal articles. Each volume also includes a complete list of the periodicals consulted.
Author : Guillermo A. Calvo
Publisher : MIT Press
Page : 572 pages
File Size : 45,2 MB
Release : 2004
Category : Business & Economics
ISBN : 9780262532600
Essays by leading economists and scholars reflecting on Mundell's broad influence on modern open-economy macroeconomics.
Author : Philip Lawton Brock
Publisher : World Bank Publications
Page : 40 pages
File Size : 17,83 MB
Release : 1998
Category : Asset-liability management
ISBN :
October 1998 Three principles that should govern the safety net for a country's financial system, altering bank behavior and deepening financial intermediation by shifting some risk to the government. Well-designed bank safety nets should alter bank behavior and deepen financial intermediation by shifting some risk to the government. It is often said that the best safety net for a financial system is one that makes market participants behave as if the safety net did not exist. Brock examines issues associated with safety nets for financial systems in small open economies such as those in Latin America. He stresses three principles that should guide the design and operations of a financial system safety net: * Safety nets should strengthen rather than supplant private capital, monitoring, and closure mechanisms. The presence of asymmetric information gives borrowers, bankers, and depositors incentives to voluntarily impose capital requirements, monitoring arrangements, and contractual provisions for the closure or recapitalization of firms and banks. Government regulations or safety net provisions should be designed to work in harmony with the incentives private agents already face. * Safety nets must take into account both aggregate risk and idiosyncratic risk. In particular, good safety nets must be designed to take into account large but infrequent macroeconomic shocks as well as to encourage prudential bank behavior during normal times. * Safety net design should be grounded in the historical and institutional framework of any given country. Safety nets evolve over time and must allow for problems that have existed for a long time-but must also take into account current political pressures and today's generally higher expectations about the government's ability to insure the financial system against aggregate shocks. This paper-a product of Finance, Development Research Group-is part of a larger effort in the group to study the role of incentives in finance. The author may be contacted at [email protected].
Author : The World Bank
Publisher : World Bank Publications
Page : 162 pages
File Size : 41,82 MB
Release : 2014-02-05
Category : Capital movements
ISBN : 1464802017
High-income economies appear to be finally turning the corner, contributing to a projected acceleration in global growth from 2.4 percent in 2013 to 3.2 percent this year, 3.4 percent in 2015, and 3.5 percent in 2016. Overall, growth in developing countries is projected to pick up modestly from 4.8 percent in 2013 to 5.3 percent this year, 5.5 percent in 2015, and 5.7 percent in 2016. In the baseline, the withdrawal of quantitative easing (and its effect on the long end of U.S. interest rates) is assumed to follow a relatively slow orderly trajectory. If, however, the taper is met with an abrupt market adjustment, capital inflows could weaken sharply?placing renewed stress on vulnerable developing economies. In a scenario where long-term interest rates rise rapidly by 100 basis points, capital inflows could decline by as much as 50 percent for several quarters.
Author : Dexu He
Publisher : World Scientific
Page : 338 pages
File Size : 35,41 MB
Release : 2016-09-29
Category : Business & Economics
ISBN : 9813109076
Triggered by the US subprime mortgage crisis in 2007, the Financial Tsunami is the most serious global financial crisis since the Great Depression. This book studies financial stability in terms of its determining factors, causal mechanisms and institutional requirements. It aims at understanding how to construct a mechanism for maintaining long-term financial stability.The book focuses on economic analysis of the understanding what China can and should do to safeguard its economic and financial stability. In its assessment and discussion of financial stability in China, this book takes full account of China's specific conditions and constructs an index system for the country. It also reflects on the country's monetary policy, government functions and behavior, fluctuations in real estate prices, and financial security network design.The book contributes to better understanding of financial stability in transition economies. It proposes a systematic solution to financial instability in China and strategies for building a mechanism to maintain financial stability in the country.
Author : Edward M. Graham
Publisher : Springer Science & Business Media
Page : 342 pages
File Size : 39,71 MB
Release : 2005-12-03
Category : Political Science
ISBN : 3540290478
Edward M. Graham, Nina Oding and Paul J. J. Welfens Eastern Europe and the former Soviet Union have achieved sustained economic growth in first half of the new decade in the 2V^ century. EU ac cession countries which have joined the EU have benefited mainly from high capital inflows, a reduced risk premium - with shadow effects of this already occurring in the years before explicit membership - and growing trade. While system transformation has undermined trade between Eastern Europe and Russia for several years there are medium prospects for grow ing trade in the whole of Europe. Russia's case, however, is different from the EU accession countries as a major driving force of economic dynamics is the oil and gas sector which has considerable backward and forward linkages. At the same time this sector apparently is politically quite sensi tive. The Transatlantic Transformation and Economic Development Re search Group has organized several workshops within a major interna tional research project. The project is devoted to analyzing the internatio nalization of the Russian economy and the associated changes in major policy fields. This book contains the revised analytical papers from the St. Petersburg conference in 2003 when the city celebrated its 300 year anniversary. We are very grateful to the Leontief Center for excellent organization of the conference. The paper by Paul J. J.
Author : Reuven Glick
Publisher : Cambridge University Press
Page : 494 pages
File Size : 46,82 MB
Release : 2001-04-23
Category : Business & Economics
ISBN : 9780521800204
The essays in this volume analyze causes of financial crises in emerging markets and different policy responses.
Author : David Hudson
Publisher : Routledge
Page : 453 pages
File Size : 13,58 MB
Release : 2014-11-27
Category : Social Science
ISBN : 1134612788
The question of money, how to provide it, and how to acquire it where needed is axiomatic to development. The realities of global poverty and the inequalities between the ‘haves’ and the ‘have-nots’ are clear and well documented, and the gaps between world’s richest and the world’s poorest are ever-increasing. But, even though funding development is assumed to be key, the relationship between finance and development is contested and complex. This book explores the variety of relationships between finance and development, offering a broad and critical understanding of these connections and perspectives. It breaks finance down into its various aspects, with separate chapters on aid, debt, equity, microfinance and remittances. Throughout the text, finance is presented as a double-edged sword: while it is a vital tool towards poverty reduction, helping to fund development, more critical approaches remind us of the ways in which finance can hinder development. It contains a range of case studies throughout to illustrate finance in practice, including, UK aid to India, debt in Zambia, Apple’s investment in China, microfinance in Mexico, government bond issues in Chile, and financial crisis in East Asia. The text develops and explores a number of themes throughout, such as the relationship between public and private sources of finance and debates about direct funding versus the allocation of credit through commercial financial markets. The book also explores finance and development interactions at various levels, from the global structure of finance through to local and everyday practices. Global Finance and Development offers a critical understanding of the nature of finance and development. This book encourages the reader to see financial processes as embedded within the broader structure of social relationships. Finance is defined and demonstrated to be money and credit, but also, crucially, the social relationships and institutions that enable the creation and distribution of credit and the consequences thereof. This valuable text is essential reading for all those concerned with poverty, inequality and development.
Author : Mr.Suman S Basu
Publisher : International Monetary Fund
Page : 42 pages
File Size : 19,73 MB
Release : 2017-12-15
Category : Business & Economics
ISBN : 1484333640
This paper summarizes a suite of early warning models to assess the probabilities of growth, fiscal, and financial crises in advanced economies and emerging markets. We estimate separate signal-extraction models for each type of crisis and sample of countries, and we use our results to generate “histories of vulnerabilities” for countries, regions, and the world. For the global financial crisis, our models report that vulnerabilities in advanced economies were rooted in the bursting of leveraged bubbles, while vulnerabilities in emerging markets stemmed from lengthy booms in credit and asset prices combined with growing weaknesses in the corporate and external sectors.
