Contingent States

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Contingent States

Author : William A. Callahan
Publisher : U of Minnesota Press
Page : 340 pages
File Size : 54,8 Mb
Release : 2004
Category : Political Science
ISBN : 0816644004

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Contingent States by William A. Callahan Pdf

In the 1990s, Greater China became the subject of debate as the site of either the danger of the “China threat” or the promise of Confucian capitalism. William A. Callahan argues that Greater China presents challenges not only to economic and political order but also to international relations theory. In fact, Greater China, though absent from geopolitical maps and international law, is very much present in economic and cultural exchange and exemplifies the contingent state of international politics. Callahan deconstructs the mainstream geopolitical and political-economic understandings of Greater China, tracing its emergence through an ethnographic analysis of four political “problems” in East Asia: the South China Sea disputes, Sino-Korean relations, the return of Hong Kong, and cross-straits relations. Callahan shows how bureaucrats, outlaws, tycoons, academics, workers, politicians, and hooligans alike produce Greater China through networks of relations in local, national, regional, global, and transnational space. Finally, Contingent States reveals how each of the “problems” provoked theoretical innovations that depart from standard conceptions of sovereignty, democracy, and the nation-state.William A. Callahan is senior lecturer of international politics and deputy director of the Center for Contemporary Chinese Studies at the University of Durham, England, and the author of Imagining Democracy: Reading “The Events of May” in Thailand and Pollwatching, Elections, and Civil Society in Southeast Asia.

William L. Rowe on Philosophy of Religion

Author : William L. Rowe,Nick Trakakis
Publisher : Routledge
Page : 462 pages
File Size : 48,8 Mb
Release : 2017-05-15
Category : Religion
ISBN : 9781351872812

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William L. Rowe on Philosophy of Religion by William L. Rowe,Nick Trakakis Pdf

William Rowe is one of the leading thinkers in contemporary philosophy of religion. Although he is best known for his contributions to the problem of evil, he has produced innovative and influential work across a wide array of subjects at the interface between philosophy and religion. He has, for example, written extensively on the existentialist theologian, Paul Tillich, on the challenging problem of divine freedom, and on the traditional arguments in support of the existence of God. His work in these areas is distinguished by its clarity, rigour, originality, and sensitivity towards the claims of his theistic opponents. Indeed, Rowe's work has played a pivotal role in the remarkable revival of analytic philosophy of religion since the 1970s. The present collection brings together for the first time Rowe's most significant contributions to the philosophy of religion. This diverse but representative selection of Rowe's writings will provide students, professional scholars as well as general readers with stimulating and accessible discussions on such topics as the philosophical theology of Paul Tillich, the problem of evil, divine freedom, arguments for the existence of God, religious experience, life after death, and religious pluralism.

Optimal State Contingent Sovereign Debt Instruments

Author : Mr. Alejandro D Guerson
Publisher : International Monetary Fund
Page : 31 pages
File Size : 47,8 Mb
Release : 2021-09-10
Category : Business & Economics
ISBN : 9781513595917

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Optimal State Contingent Sovereign Debt Instruments by Mr. Alejandro D Guerson Pdf

This paper shows that the optimal sovereign lending contract is state-contingent when a government can default. It provides a theoretical basis for the specification of optimal state-contingent debt instruments (SCDIs) in countries subject to large shocks that can be observed and verified by all parties involved, such as natural disasters or global pandemics. The result is obtained as the endogenous solution to a contracting problem under time-inconsistency when a government cannot credibly commit to honor debt service obligations in all possible states of nature. It is shown that rational investors optimally offer SCDIs that include additional financing when the default constraint is binding, keeping the debtor engaged in the contractual relationship and avoiding asset loss. The debtor benefits because the contract implies net-positive financing when facing a large shock, increasing concurrent welfare, while maintaining access to financing in the future for consumption smoothing at the same terms as with precommitment. SCDIs require maintaining debt at a low level compared to the precommitment case, and also a fiscal consolidation when triggered to contain the increase in debt. Extension of the time inconsistency problem to add the taxation of capital returns shows that the optimal physical capital investment is also state-contingent.

Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt

Author : Mr. Francisco Roch,Francisco Roldán
Publisher : International Monetary Fund
Page : 38 pages
File Size : 47,9 Mb
Release : 2021-03-12
Category : Business & Economics
ISBN : 9781513572635

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Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt by Mr. Francisco Roch,Francisco Roldán Pdf

We analyze how concerns for model misspecification on the part of international lenders affect the desirability of issuing state-contingent debt instruments in a standard sovereign default model à la Eaton and Gersovitz (1981). We show that for the commonly used threshold state-contingent bond structure (e.g., the GDP-linked bond issued by Argentina in 2005), the model with robustness generates ambiguity premia in bond spreads that can explain most of what the literature has labeled as novelty premium. While the government would be better off with this bond when facing rational expectations lenders, this additional source of premia leads to welfare losses when facing robust lenders. Finally, we characterize the optimal design of the state-contingent bond and show how it varies with the level of robustness. Our findings rationalize the little use of these instruments in practice and shed light on their optimal design.

An Account of the Receipts and Expenditures of the United States. 1791-

Author : United States. Department of the Treasury
Publisher : Unknown
Page : 554 pages
File Size : 44,8 Mb
Release : 1893
Category : Finance
ISBN : OSU:32435063602296

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An Account of the Receipts and Expenditures of the United States. 1791- by United States. Department of the Treasury Pdf

The Budget of the United States Government

Author : United States. Bureau of the Budget
Publisher : Unknown
Page : 1518 pages
File Size : 43,9 Mb
Release : 1955
Category : Budget
ISBN : UOM:39015035605248

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The Budget of the United States Government by United States. Bureau of the Budget Pdf

House documents

Author : Anonim
Publisher : Unknown
Page : 1120 pages
File Size : 52,8 Mb
Release : 1884
Category : Electronic
ISBN : BSB:BSB11683040

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House documents by Anonim Pdf

American State Papers

Author : United States. Congress
Publisher : Unknown
Page : 872 pages
File Size : 55,9 Mb
Release : 1834
Category : Archives
ISBN : PSU:000064374406

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American State Papers by United States. Congress Pdf

class I. Foreign relations. 6 v. 1st Cong.-20th Cong., 1st sess., April 30, 1789-May 24, 1828.--class II. Indian affairs. 2 v. 1st Cong.-19th Cong., May 25, 1789-March 1, 1827.--class III. Finance. 5 v. 1st Cong.-20th Cong., 1st sess., April 11, 1789-May 16, 1828.--class IV. Commerce and navigation. 2 v. 1st Cong.-17th Cong., April 13, 1789-Feb. 25, 1823.--Class V. Military affairs. 7 v. 1st Cong.-25th Cong., 2d sess., Aug. 10, 1789-March 1, 1838.--class VI. Naval affairs. 4 v. 3d Cong.-24th Cong., 1st sess., Jan 20, 1794-June 15, 1836.--class VII. Postoffice department. 1 v. 1st Cong., 2d sess.-22d Cong., Jan. 22, 1790-Feb. 21, 1833.--class VIII. Public lands. 8 v. 1st Cong.-24th Cong., July 1, 1790-Feb. 28, 1837.--class IX. Claims. 1 v. 1st Cong., 2d sess.-17th Cong., Feb. 5, 1790-March 3, 1823.--class X. Miscellaneous. 2 v. 1st Cong.-17th Cong., April 17, 1789-March 3, 1823.

Foreign Relations of the United States

Author : United States. Dept. of State
Publisher : Unknown
Page : 1240 pages
File Size : 40,9 Mb
Release : 1956
Category : China
ISBN : UIUC:30112057275775

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Foreign Relations of the United States by United States. Dept. of State Pdf

Biennial Report of the Auditor of State

Author : Arkansas. Auditor of State
Publisher : Unknown
Page : 264 pages
File Size : 45,8 Mb
Release : 1898
Category : Finance
ISBN : OSU:32435051144863

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Biennial Report of the Auditor of State by Arkansas. Auditor of State Pdf

Reports for 1836-1854/56 found in the Journals of the House of the General Assembly of the State of Arkansas, 1836-1856.