Friedman Redux

Author : Mr.Atish R. Ghosh,MissMahvash Qureshi,Mr.Charalambos G. Tsangarides
Publisher : International Monetary Fund
Page : 43 pages
File Size : 40,5 Mb
Release : 2014-08-08
Category : Business & Economics
ISBN : 9781498359245

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Friedman Redux by Mr.Atish R. Ghosh,MissMahvash Qureshi,Mr.Charalambos G. Tsangarides Pdf

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.

Author : Dwight E. Foster
Publisher : AuthorHouse
Page : 502 pages
File Size : 49,8 Mb
Release : 2008-08-26
Category : Fiction
ISBN : 9781452042794

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McKenzie Barber Redux by Dwight E. Foster Pdf

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.

Author : Wikipedia contributors
Publisher : e-artnow sro
Page : 2268 pages
File Size : 44,6 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 8210379456XXX

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Focus On: 100 Most Popular American Agnostics by Wikipedia contributors Pdf

Author : Joseph Postell,Bradley C. S. Watson
Publisher : Lexington Books
Page : 274 pages
File Size : 51,8 Mb
Release : 2011-08-16
Category : Political Science
ISBN : 9780739166611

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Rediscovering Political Economy by Joseph Postell,Bradley C. S. Watson Pdf

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.

Author : Robert Fritzsch
Publisher : Springer
Page : 379 pages
File Size : 48,5 Mb
Release : 2019-07-30
Category : Political Science
ISBN : 9783658274092

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Adaptive Efficiency During the Great Recession by Robert Fritzsch Pdf

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.

Author : Elena Sciso
Publisher : Springer
Page : 262 pages
File Size : 48,7 Mb
Release : 2017-07-04
Category : Law
ISBN : 9783319578552

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Accountability, Transparency and Democracy in the Functioning of Bretton Woods Institutions by Elena Sciso Pdf

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.”

Author : Mr.Manuk Ghazanchyan,Ms.Janet Gale Stotsky,Qianqian Zhang
Publisher : International Monetary Fund
Page : 33 pages
File Size : 46,6 Mb
Release : 2015-09-03
Category : Business & Economics
ISBN : 9781513524535

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A New Look at the Determinants of Growth in Asian Countries by Mr.Manuk Ghazanchyan,Ms.Janet Gale Stotsky,Qianqian Zhang Pdf

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.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 40 pages
File Size : 55,6 Mb
Release : 2019-06-27
Category : Business & Economics
ISBN : 9781498322201

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Switzerland by International Monetary Fund. European Dept. Pdf

Selected Issues

Author : Mr.Atish R. Ghosh,MissMahvash Qureshi,Naotaka Sugawara
Publisher : International Monetary Fund
Page : 46 pages
File Size : 52,5 Mb
Release : 2014-10-17
Category : Business & Economics
ISBN : 9781498358743

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Regulating Capital Flows at Both Ends by Mr.Atish R. Ghosh,MissMahvash Qureshi,Naotaka Sugawara Pdf

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.

Author : Elías Albagli,Mauricio Calani,Metodij Hadzi-Vaskov,Mario Marcel,Mr.Luca A Ricci
Publisher : International Monetary Fund
Page : 48 pages
File Size : 53,7 Mb
Release : 2020-06-19
Category : Business & Economics
ISBN : 9781513547718

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Comfort in Floating: Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile by Elías Albagli,Mauricio Calani,Metodij Hadzi-Vaskov,Mario Marcel,Mr.Luca A Ricci Pdf

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).

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 17 pages
File Size : 44,6 Mb
Release : 2014-12-15
Category : Business & Economics
ISBN : 9781498388450

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IMF Research Bulletin, December 2014 by International Monetary Fund Pdf

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.

Author : Mitchell Wilson
Publisher : Bloomsbury Publishing USA
Page : 264 pages
File Size : 48,5 Mb
Release : 2020-07-09
Category : Literary Criticism
ISBN : 9781501328060

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The Analyst’s Desire by Mitchell Wilson Pdf

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?

Author : Nicholas Capaldi,Gordon Lloyd
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 55,7 Mb
Release : 2016-05-27
Category : Business & Economics
ISBN : 9781784712532

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Liberty and Equality in Political Economy by Nicholas Capaldi,Gordon Lloyd Pdf

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.

Author : United Nations Economic Commission for Latin America and the Caribbean
Publisher : United Nations
Page : 190 pages
File Size : 49,6 Mb
Release : 2017-10-23
Category : Political Science
ISBN : 9789210585873

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CEPAL Review No.121, April 2017 by United Nations Economic Commission for Latin America and the Caribbean Pdf

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of reforms and transfer of technology. Written in English and Spanish (Revista De La Cepal), each tri-annual issue brings you approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

Author : Anonim
Publisher : Unknown
Page : 918 pages
File Size : 44,7 Mb
Release : 1982
Category : Medicine
ISBN : UIUC:30112065974260

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Cumulated Index Medicus by Anonim Pdf