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Author : Adam Hanieh
Publisher : Cambridge University Press
Page : 315 pages
File Size : 47,8 Mb
Release : 2018-09-13
Category : Business & Economics
ISBN : 9781108429146
An original and empirically grounded analysis of the Gulf monarchies and their role in shaping the political economy of the Middle East.
Author : Jens Forssbaeck,Lars Oxelheim
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 43,5 Mb
Release : 2003
Category : Europe
ISBN : 1843764458
The dramatic evolution of financial markets in the 1980s and 1990s, accompanied by increasing institutional integration between nations (most notably in the EU), have fostered a widespread belief that governments - particularly those of small economies - have essentially lost the power to pursue sovereign, independent economic policies. At the same time, it is widely assumed that the loss of monetary-policy control is a major opportunity cost for a country adopting a rigid exchange-rate regime or, in the European context, for countries joining the EMU. This book sheds light on these arguments by examining the relationship between the international integration of domestic money markets and the degree of monetary-policy independence in eleven small, open economies in Europe. The authors address these important issues in the context of a broad-based historical analysis of market formation and growth, exchange-rate policies and deregulation. They find that political motives, in conjunction with competitive forces, path dependence and institutional factors, are a major determinant of market development. Moreover, they reveal that credible commitment to a stability goal is a far more reliable predictor of monetary-policy autonomy than the adoption of a specific exchange-rate regime. This accessible investigation of the relationship between domestic money-market development, international financial integration and the monetary-policy options available to small, open economies will be welcomed by students and researchers of macroeconomics, financial economics and political economy. The extensive empirical research and original conclusions will also be of interest and benefit to corporate decisionmakers, bankers, policymakers and regulators.
Author : Jens Forssbaeck (author)
Publisher : Unknown
Page : 390 pages
File Size : 53,8 Mb
Release : 2024-06-14
Category : Electronic
ISBN : 1843164450
Author : William Bernhard,David Leblang
Publisher : Cambridge University Press
Page : 237 pages
File Size : 41,7 Mb
Release : 2006-07-24
Category : Political Science
ISBN : 9781107320994
The authors examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Where these events have less predictable outcomes, market returns are depressed and volatility increases. In contrast, where market actors can forecast the result, returns do not exhibit any unusual behavior. Further, political expectations condition how markets respond to the political process. When news causes market actors to update their political beliefs, market actors reallocate their portfolios, and overall market behavior changes. To measure political information, Professors Bernhard and Leblang employ sophisticated models of the political process. They draw on a variety of models of market behavior, including the efficient markets hypothesis, capital asset pricing model, and arbitrage pricing theory, to trace the impact of political events on currency, stock, and bond markets. The analysis will appeal to academics, graduate students, and advanced undergraduates across political science, economics, and finance.
Author : George Bragues
Publisher : Springer
Page : 320 pages
File Size : 51,8 Mb
Release : 2016-11-11
Category : Political Science
ISBN : 9781137569400
This book offers a comprehensive analysis of the ways that politics and financial markets impact one another. In this relationship, politics is the ultimate controlling force. The kinds and prices of financial instruments that get traded and the individuals and institutions that get to trade them, not to mention the rules under which everyone trades, are all matters decisively influenced by an array of political variables - sometimes for the better, but all too often for the worse. The fault for this political skewing of the markets chiefly lies with democracy. Through its commitment to equality and its inclination towards fiscal profligacy, democracy hinders the markets from acting as a greater force for social good. To fix this skewing of finance, democracy’s troubling tendencies must be squarely faced and curbed by a return to its monetary roots. Democracy must reinstall gold at the monetary foundations of our financial markets.
Author : Benn Steil,Manuel Hinds
Publisher : Yale University Press
Page : 301 pages
File Size : 49,5 Mb
Release : 2009-04-01
Category : Business & Economics
ISBN : 9780300156140
Winner of the 2010 Hayek Book Prize given by the Manhattan Institute "Money, Markets and Sovereignty is a surprisingly easy read, given the complicated issues covered. In it, Mr. Steil and Mr. Hinds consistently challenge today's statist nostrums."—Doug Bandow, The Washington Times In this keenly argued book, Benn Steil and Manuel Hinds offer the most powerful defense of economic liberalism since F. A. Hayek published The Road to Serfdom more than sixty years ago. The authors present a fascinating intellectual history of monetary nationalism from the ancient world to the present and explore why, in its modern incarnation, it represents the single greatest threat to globalization. Steil and Hinds describe the current state of international economic relations as both unusual and precarious. Eras of economic protectionism have historically coincided with monetary nationalism, while eras of liberal trade have been accompanied by a universal monetary standard. But today, the authors show, an unprecedentedly liberal global trade regime operates side by side with the most extreme doctrine of monetary nationalism ever contrived—a situation bound to trigger periodic crises. Steil and Hinds call for a revival of the political and economic thinking that underlay earlier great periods of globalization, thinking that is increasingly under threat by more recent ideas about what sovereignty means.
Author : Tamir Agmon
Publisher : Free Press
Page : 120 pages
File Size : 47,7 Mb
Release : 1985
Category : Business & Economics
ISBN : STANFORD:36105037868242
Author : Emilios Avgouleas
Publisher : Cambridge University Press
Page : 501 pages
File Size : 46,7 Mb
Release : 2012-04-26
Category : Business & Economics
ISBN : 9780521762663
Analyses governance structures for international finance, evaluates current regulatory reforms and proposes a new governance system for global financial markets.
Author : Ton Notermans
Publisher : Cambridge University Press
Page : 326 pages
File Size : 50,6 Mb
Release : 2000-04-13
Category : Business & Economics
ISBN : 9780521633390
This book, first published in 2000, provides in-depth explanations behind the successes and failures of the economic policies of social democratic governments.
Author : John Zysman
Publisher : Cornell University Press
Page : 364 pages
File Size : 43,5 Mb
Release : 1983
Category : Business & Economics
ISBN : 0801492521
Zysman demonstrates that there is a direct relationship between a nation's financial system and its government's ability to restart the growth engine.
Author : Ewald Engelen,Ismail Ertürk,Julie Froud,Sukhdev Johal,Adam Leaver,Mick Moran,Adriana Nilsson,Karel Williams
Publisher : OUP Oxford
Page : 296 pages
File Size : 46,7 Mb
Release : 2011-09-29
Category : Political Science
ISBN : 9780191620355
What is the relationship between the financial system and politics? In a democratic system, what kind of control should elected governments have over the financial markets? What policies should be implemented to regulate them? What is the role played by different elites - financial, technocratic, and political - in the operation and regulation of the financial system? And what role should citizens, investors, and savers play? These are some of the questions addressed in this challenging analysis of the particular features of the contemporary capitalist economy in Britain, the USA, and Western Europe. The authors argue that the causes of the financial crisis lay in the bricolage and innovation in financial markets, resulting in long chains and circuits of transactions and instruments that enabled bankers to earn fees, but which did not sufficiently take into account system risk, uncertainty, and unintended consequences. In the wake of the crisis, the authors argue that social scientists, governments, and citizens need to re-engage with the political dimensions of financial markets. This book offers a controversial and accessible exploration of the disorders of our financial capitalism and its justifications. With an innovative emphasis on the economically 'undisclosed' and the political 'mystifying', it combines technical understanding of finance, cultural analysis, and al political account of interests and institutions.
Author : Michael J. Sandel
Publisher : Farrar, Straus and Giroux
Page : 256 pages
File Size : 51,8 Mb
Release : 2012-04-24
Category : Philosophy
ISBN : 9781429942584
Should we pay children to read books or to get good grades? Should we allow corporations to pay for the right to pollute the atmosphere? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars? Auctioning admission to elite universities? Selling citizenship to immigrants willing to pay? In What Money Can't Buy, Michael J. Sandel takes on one of the biggest ethical questions of our time: Is there something wrong with a world in which everything is for sale? If so, how can we prevent market values from reaching into spheres of life where they don't belong? What are the moral limits of markets? In recent decades, market values have crowded out nonmarket norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, Sandel argues, we have drifted from having a market economy to being a market society. Is this where we want to be?In his New York Times bestseller Justice, Sandel showed himself to be a master at illuminating, with clarity and verve, the hard moral questions we confront in our everyday lives. Now, in What Money Can't Buy, he provokes an essential discussion that we, in our market-driven age, need to have: What is the proper role of markets in a democratic society—and how can we protect the moral and civic goods that markets don't honor and that money can't buy?
Author : Ilias Alami
Publisher : Routledge
Page : 236 pages
File Size : 54,8 Mb
Release : 2019-12-09
Category : Business & Economics
ISBN : 9781000769005
This book provides a comprehensive investigation of the messy and crisis-ridden relationship between the operations of capitalist finance, global capital flows, and state power in emerging markets. The politics, drivers of emergence, and diversity of these myriad forms of state power are explored in light of the positionality of emerging markets within the network of space and power relations that characterises contemporary global finance. The book develops a multi-disciplinary perspective and combines insights from Marxist political economy, post-Keynesian economics, economic geography, and postcolonial and feminist International Political Economy. Alami comprehensively reviews the theories, histories, and geographies of cross-border finance management, and develops a conceptual framework which allows unpacking the complex entanglement of constraint and opportunities, of growing integration and tight discipline, that cross-border finance represents for emerging markets. Extensive fieldwork research provides an in-depth comparative critical interrogation of the policies and regulations deployed in Brazil and South Africa. This volume will be especially useful to those researching and working in the areas of international political economy, contemporary geographies of money and finance, and critical development studies. It should also prove of interest to policy makers, practitioners, and activists concerned with the relation between finance and development in emerging markets and beyond.
Author : Gregory Gleason
Publisher : Routledge
Page : 224 pages
File Size : 48,5 Mb
Release : 2003-12-08
Category : Business & Economics
ISBN : 9781134479887
Over a decade after national independence, it is apparent that the contrasting development strategies adopted by the five new governments of Central Asia have led to significantly different outcomes. This well-written and timely book analyses how the development strategies of these countries have affected their transition from communist governance.
Author : Martin H. Wolfson,Gerald A. Epstein
Publisher : OUP USA
Page : 785 pages
File Size : 49,9 Mb
Release : 2013-02-21
Category : Political Science
ISBN : 9780199757237
The Great Financial Crisis that began in 2007-2008 reminds us with devastating force that financial instability and crises are endemic to capitalist economies. This Handbook describes the theoretical, institutional, and historical factors that can help us understand the forces that create financial crises.