Curbing The Boom Bust Cycle

Author : John Williamson
Publisher : Columbia University Press
Page : 144 pages
File Size : 46,6 Mb
Release : 2005-07-30
Category : Business & Economics
ISBN : 9780881324693

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Curbing The Boom-Bust Cycle by John Williamson Pdf

International investors poured vast sums of money into East Asian and Latin American countries during the mid-1990s, when the emerging market boom was at its peak. Then Thailand stumbled and panic seized the markets, and boom gave way to bust. Investors suffered large financial losses, while Asian countries suddenly experienced large capital outflows and the macroeconomic pressures these wrought plunged countries that had been growing rapidly ("miraculously") into crisis. Much the same had happened in Latin America when the debt crisis broke in 1982. This book investigates what can be done to make the international capital market a constructive force in promoting development in emerging markets. John Williamson concludes that the problem of cyclicality that has undermined the value of international borrowing cannot be tackled just, or even mainly, from the supply side, but will require actions on the part of both creditors and debtors.

Author : John Williamson
Publisher : Unknown
Page : 18 pages
File Size : 51,8 Mb
Release : 2002
Category : Capital market
ISBN : 9291901253

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Proposals for Curbing the Boom-bust Cycle in the Supply of Capital to Emerging Markets by John Williamson Pdf

Author : C. Fred Bergsten
Publisher : Peterson Institute
Page : 257 pages
File Size : 40,5 Mb
Release : 2012-03-15
Category : Business & Economics
ISBN : 9780881326635

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Global Economics in Extraordinary Times by C. Fred Bergsten Pdf

Over the course of five decades, John Williamson has published an extraordinary number of books, articles, and other pieces on topics ranging from international monetary economics to development policy and bridging scholarly literature and policy debates. This book provides an overview and insight into Williamson's work. It includes contributions from the editors, Stanley Fischer, Edwin M. Truman, Paul De Grauwe, Yuemei Ji, Marcus Miller, Avinash Persaud, Stephany Griffith-Jones, Dagmar Hertova, Olivier Jeanne, Shankar Acharya, Jose Antonio Ocampo, and an essay by John Williamson on designing economic policy.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 60 pages
File Size : 51,6 Mb
Release : 2005-12-01
Category : Business & Economics
ISBN : 9781451954050

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Finance & Development, December 2005 by International Monetary Fund. External Relations Dept. Pdf

This paper reviews the resurgence of Latin America. The paper highlights that much of the region has witnessed a swift and robust recovery from the successive financial crises of 2001–02. Within two years, the region’s economic growth reached 5.6 percent in 2004, a 24-year high. Growth rates of about 4 percent in 2005 and 33⁄4 percent projected for 2006 are well above historical averages. Mexico and South American countries have gained, in particular, from the surge in fuel, food, and metals prices, and have generally been able to exploit these opportunities by expanding production.

Author : R. Ffrench-Davis,S. Griffith-Jones
Publisher : Springer
Page : 340 pages
File Size : 40,7 Mb
Release : 2003-10-23
Category : Business & Economics
ISBN : 9781403990099

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From Capital Surges to Drought by R. Ffrench-Davis,S. Griffith-Jones Pdf

This book analyzes the new trends in capital flows to emerging markets since the Asian crisis, their determinants and policy implications. It explains why such flows have declined so dramatically in recent years, emphasising both structural and cyclical factors. Senior bankers, regulators, and well-known academics explain the behaviour of different players. The book breaks new ground by showing in detail how such behaviour has contributed to the decline of flows and their volatility. The book suggests what coping mechanisms developing countries could adopt to deal with crisis situations; what measures should be taken at the national and international levels to make recipient countries less vulnerable to international financial instability; how such instability can be reduced; and what can be done on the source countries to encourage larger more stable capital flows to developing countries.

Author : Augustine H. H. Tan
Publisher : World Scientific
Page : 379 pages
File Size : 45,5 Mb
Release : 2002
Category : Business & Economics
ISBN : 9789812381330

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Monetary and Financial Management in Asia in the 21st Century by Augustine H. H. Tan Pdf

This volume contains papers presented at the 25th FAEA Annual Conference, held in Singapore in September 2000.

Author : Saw Swee-Hock,Sheng Lijun,Chin Kin Wah
Publisher : Institute of Southeast Asian Studies
Page : 375 pages
File Size : 45,5 Mb
Release : 2005
Category : Political Science
ISBN : 9789812303424

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ASEAN-China Relations by Saw Swee-Hock,Sheng Lijun,Chin Kin Wah Pdf

The past decade has witnessed rapid development in ASEAN-China relations. Both sides now have more in common than before, though differences still exist. ASEAN and China have established a promising strategic partnership ensuring peace, stability, co-operation as well as prosperity for the region. New challenges will, however, continue to emerge to test the resolve of the partnership. This book examines some of the areas of convergence and divergence and the possible trajectories o...

Author : Fred Harrison
Publisher : Shepheard-Walwyn
Page : 208 pages
File Size : 48,7 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9780856833120

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Boom Bust by Fred Harrison Pdf

Not employment or inflation as argued during the Great Depression and years of Reaganomics, the mechanism that drives the business cycle is proven to be the housing and property market in this analysis of the instability of financial markets. The consequences of how neoclassical economics ignores the importance of land are presented in a discussion of the dot-com crash. Agricultural, industrial, and commercial property and the housing market are examined to suggest that policymakers must revise their treatment of land in economic decisions to avoid the next economic crash, predicted for 2010.

Author : Martín Uribe,Stephanie Schmitt-Grohé
Publisher : Princeton University Press
Page : 646 pages
File Size : 40,5 Mb
Release : 2017-04-04
Category : Business & Economics
ISBN : 9780691158778

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Open Economy Macroeconomics by Martín Uribe,Stephanie Schmitt-Grohé Pdf

A cutting-edge graduate-level textbook on the macroeconomics of international trade Combining theoretical models and data in ways unimaginable just a few years ago, open economy macroeconomics has experienced enormous growth over the past several decades. This rigorous and self-contained textbook brings graduate students, scholars, and policymakers to the research frontier and provides the tools and context necessary for new research and policy proposals. Martín Uribe and Stephanie Schmitt-Grohé factor in the discipline's latest developments, including major theoretical advances in incorporating financial and nominal frictions into microfounded dynamic models of the open economy, the availability of macro- and microdata for emerging and developed countries, and a revolution in the tools available to simulate and estimate dynamic stochastic models. The authors begin with a canonical general equilibrium model of an open economy and then build levels of complexity through the coverage of important topics such as international business-cycle analysis, financial frictions as drivers and transmitters of business cycles and global crises, sovereign default, pecuniary externalities, involuntary unemployment, optimal macroprudential policy, and the role of nominal rigidities in shaping optimal exchange-rate policy. Based on courses taught at several universities, Open Economy Macroeconomics is an essential resource for students, researchers, and practitioners. Detailed exploration of international business-cycle analysis Coverage of financial frictions as drivers and transmitters of business cycles and global crises Extensive investigation of nominal rigidities and their role in shaping optimal exchange-rate policy Other topics include fixed exchange-rate regimes, involuntary unemployment, optimal macroprudential policy, and sovereign default and debt sustainability Chapters include exercises and replication codes

Author : P. Arestis,L. de Paula,Luiz Fernando de Paula
Publisher : Springer
Page : 221 pages
File Size : 51,6 Mb
Release : 2008-07-24
Category : Business & Economics
ISBN : 9780230227743

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Financial Liberalization and Economic Performance in Emerging Countries by P. Arestis,L. de Paula,Luiz Fernando de Paula Pdf

This book discusses the relationship between financial liberalization, financial deepening and economic performance from both a theoretical and a policy perspective, comparing several 'big' emerging countries: Argentina, Brazil, China, India, Russia, South Africa and India, amongst others.

Author : Jeffrey M. Chwieroth
Publisher : Princeton University Press
Page : 332 pages
File Size : 47,7 Mb
Release : 2009-12-14
Category : Business & Economics
ISBN : 9781400833825

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Capital Ideas by Jeffrey M. Chwieroth Pdf

The right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rules providing this right have not changed significantly since the IMF was founded in 1945. But informally, among the staff inside the IMF, these controls became heresy in the 1980s and 1990s, prompting critics to accuse the IMF of indiscriminately encouraging the liberalization of controls and precipitating a wave of financial crises in emerging markets in the late 1990s. In Capital Ideas, Jeffrey Chwieroth explores the inner workings of the IMF to understand how its staff's thinking about capital controls changed so radically. In doing so, he also provides an important case study of how international organizations work and evolve. Drawing on original survey and archival research, extensive interviews, and scholarship from economics, politics, and sociology, Chwieroth traces the evolution of the IMF's approach to capital controls from the 1940s through spring 2009 and the first stages of the subprime credit crisis. He shows that IMF staff vigorously debated the legitimacy of capital controls and that these internal debates eventually changed the organization's behavior--despite the lack of major rule changes. He also shows that the IMF exercised a significant amount of autonomy despite the influence of member states. Normative and behavioral changes in international organizations, Chwieroth concludes, are driven not just by new rules but also by the evolving makeup, beliefs, debates, and strategic agency of their staffs.

Author : Joseph Stiglitz,José Antonio Ocampo,Shari Spiegel,Ricardo Ffrench-Davis,Deepak Nayyar
Publisher : OUP Oxford
Page : 352 pages
File Size : 47,9 Mb
Release : 2006-08-31
Category : Business & Economics
ISBN : 9780191647796

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Stability with Growth by Joseph Stiglitz,José Antonio Ocampo,Shari Spiegel,Ricardo Ffrench-Davis,Deepak Nayyar Pdf

There is growing dissatisfaction with the economic policies advocated by the IMF and other international financial institutions - policies that have often resulted in stagnating growth, crises, and recessions for client countries. This book presents an alternative to "Washington Consensus" neo-liberal economic policies by showing that both macro-economic and liberalization policy must be sensitive to the particular circumstances of developing countries. One-size-fits-all policy prescriptions are likely to fail given the vast differences between countries. This book discusses how alternative approaches to economic policy can better serve developing countries both in ordinary times and in times of crisis.

Author : Eckhard Hein,Daniel Detzer,Nina Dodig
Publisher : Edward Elgar Publishing
Page : 392 pages
File Size : 45,7 Mb
Release : 2015-04-30
Category : Business & Economics
ISBN : 9781784715076

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The Demise of Finance-dominated Capitalism by Eckhard Hein,Daniel Detzer,Nina Dodig Pdf

This book provides an overview of different theoretical perspectives on the long-run transition towards finance-dominated capitalism, on the implications for macroeconomic and financial stability, and ultimately on the recent global financial and econo

Author : Ross P. Buckley
Publisher : Kluwer Law International B.V.
Page : 218 pages
File Size : 49,9 Mb
Release : 2009-01-01
Category : Law
ISBN : 9789041128683

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International Financial System by Ross P. Buckley Pdf

Provides deep analyses of some of the devastating financial crises of the last quarter-centures by showing how such factors as the origins and destinations of loans, bank behaviour, bad timing, ignorance of history, trade regimes, capital flight, and corruption coalesce under certain circumstances to trigger a financial crash.

Author : Mariano Turzi
Publisher : Springer
Page : 154 pages
File Size : 45,9 Mb
Release : 2016-11-15
Category : Political Science
ISBN : 9783319459462

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The Political Economy of Agricultural Booms by Mariano Turzi Pdf

This book offers an in-depth analysis of the political economy of soybean production in Brazil, Argentina and Paraguay, by identifying the dominant private and public actors and control mechanisms that have given rise to a corporate-driven, vertically integrated system of regionalized agricultural production in the Southern Cone of South America. The current agricultural boom surrounding soybean production has been aided by aggressive new agro-technologies, including biotechnology, leading to massive organizational changes in the agricultural sector and a significant rise in the power of special interest groups and corporations. Despite having similar initial production conditions, the pattern of economic activity surrounding soybean production in Brazil, Argentina and Paraguay, continues to be largely determined by the needs of the multinational corporations involved, rather than national considerations of comparative advantage. The author uses these findings to argue that the new international model of agricultural production empowers chemical and trading multinational companies over national governments.