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Ruling Capital

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Book Series: Cornell Studies in Money ISBN: 9780801453113 9780801454615 9780801454608 Year: Language: English
Publisher: Cornell University Press Grant: Knowledge Unlatched - 101475
Subject: Economics
Added to DOAB on : 2018-01-25 11:01:48
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Abstract

In Ruling Capital, Kevin P. Gallagher demonstrates how several emerging market and developing countries (EMDs) managed to reregulate cross-border financial flows in the wake of the global financial crisis, despite the political and economic difficulty of doing so at the national level. Gallagher also shows that some EMDs, particularly the BRICS coalition, were able to maintain or expand their sovereignty to regulate cross-border finance under global economic governance institutions. Gallagher combines econometric analysis with in-depth interviews with officials and interest groups in select emerging markets and policymakers at the International Monetary Fund, the World Trade Organization, and the G-20 to explain key characteristics of the global economy.

Keywords

Economics --- finance --- monetary policy --- IMF --- WTO

Interest-Rate Rules in a New Keynesian Framework with Investment

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Book Series: Schriften zur Wirtschaftstheorie und Wirtschaftspolitik ISBN: 9783631611289 Year: Pages: 162 Language: English
Publisher: Peter Lang International Academic Publishing Group
Subject: Economics --- Political Science
Added to DOAB on : 2019-01-15 13:33:00
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The last decades have witnessed major progress in both monetary policy theory and practice, with broad academic consensus on the desirability of monetary policy rules and ongoing research on their exact specification. Typically, the analysis is carried out in a New Keynesian framework with nominal rigidities and constant capital stock. The latter represents a constraint that this study seeks to overcome by introducing a model with investment and capital adjustment costs. The work assesses different interest-rate rule specifications with respect to the target variables included, based on two criteria: determinacy of rational-expectations equilibrium and convergence to steady state after a shock. The study concludes that rules with both an inflation and an output gap target ensure a unique rational-expectations equilibrium and a less distressful adjustment of the economy after the occurrence of shocks.

Brexit and the Future of EU Politics

Authors: --- --- --- --- et al.
Book Series: European Constitutional Law Network-Series ISBN: 9783748903246 Year: Volume: 10 Pages: 278 DOI: https://doi.org/10.5771/9783748903246 Language: English
Publisher: Nomos Verlagsgesellschaft mbH & Co. KG
Subject: Political Science --- Law
Added to DOAB on : 2019-10-25 11:38:02
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So wie das Ende des Brexit-Prozesses weiterhin nicht absehbar bleibt, sind die Folgen des Austritts des UK aus der EU – mit oder ohne Abkommen – kaum abzumessen. Dieser Band versucht eine Zwischenbilanz, von Grundfragen zur Souveränität, um deren Wiedergewinnung es den Brexitern zu gehen scheint, über Modelle differenzierter Integration und den Grundrechtsschutz bis hin zur Demokratie, die in mancherlei Weise auf die Probe gestellt wird. Wie ist der Binnenmarkt betroffen, wie die vom EuGH vielleicht zu weitgehend etablierten sozialen Rechte, wie die Kontrolle der Einwanderung in das UK? – Dem ist Teil II des Sammelbandes gewidmet. Der letzte Teil betrifft mit der Währungs- und Finanzpolitik sowie der Gemeinsamen Außen- und Sicherheitspolitik Bereiche, die nur begrenzt der supranationalen Disziplin unterliegen und wo das UK gleichwohl eine wichtige Rolle spielt und auch künftig spielen könnte. Vieles stellt sich heute anders dar, als man vor dem Referendum von 2016 erwartet hätte.

Currency Crisis

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ISBN: 9783039215782 9783039215799 Year: Pages: 126 DOI: 10.3390/books978-3-03921-579-9 Language: English
Publisher: MDPI - Multidisciplinary Digital Publishing Institute
Subject: Economics
Added to DOAB on : 2019-12-09 11:49:15
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Financial crises are nothing new in the annals of history of the capitalistic path of economic development; indeed, they are part of business cycle. The theoretical basis for this is well entrenched in the concept of ‘Keynesian Cross’. Tales of crises date back centuries, but have taken a new turn as the race for more globalization goes on, which involves liberalizing trade and opening up the financial sector. This has made many nations vulnerable to crises that are likely to be repeated, perhaps frequently. Based on recent experience, warning signs can be seen in the dollar-centric exchange rate, which is the mainstay for the stability of the current global financial system. To a careful observer, there is clearly fatigue in the system.

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