Author: Institut für Empirische Wirtschaftsforschung (Osnabrück).
Publisher:
ISBN:
Category :
Languages : de
Pages :
Book Description
Beiträge des Instituts für Empirische Wirtschaftsforschung, Fachbereich Wirtschaftswissenschaften der Universität Osnabrück
Author: Institut für Empirische Wirtschaftsforschung (Osnabrück).
Publisher:
ISBN:
Category :
Languages : de
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : de
Pages :
Book Description
Beiträge des Fachbereichs Wirtschaftswissenschaften der Universität Osnabrück
Author: Universität. Fachbereich Wirtschaftswissenschaften
Publisher:
ISBN:
Category :
Languages : de
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : de
Pages :
Book Description
Data Analysis and Statistical Inference
Author: Siegfried Schach
Publisher:
ISBN:
Category : Mathematical statistics
Languages : en
Pages : 612
Book Description
Publisher:
ISBN:
Category : Mathematical statistics
Languages : en
Pages : 612
Book Description
Bibliographie der Wirtschaftswissenschaften
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 946
Book Description
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 946
Book Description
Bibliographie der Staats-und Wirtschaftswissenschaften
Author:
Publisher:
ISBN:
Category : Classification
Languages : en
Pages : 916
Book Description
Publisher:
ISBN:
Category : Classification
Languages : en
Pages : 916
Book Description
German Americana
Author: Christoph Strupp
Publisher:
ISBN:
Category : Authors, German
Languages : en
Pages : 1652
Book Description
A comprehensive bibliography of books and scholarship on the United States produced in German-speaking countries from 1956-2005.
Publisher:
ISBN:
Category : Authors, German
Languages : en
Pages : 1652
Book Description
A comprehensive bibliography of books and scholarship on the United States produced in German-speaking countries from 1956-2005.
Wissenschaftliche Zeitschrift der Humboldt-Universität zu Berlin
Author:
Publisher:
ISBN:
Category : Humanities
Languages : de
Pages : 588
Book Description
Publisher:
ISBN:
Category : Humanities
Languages : de
Pages : 588
Book Description
Beiträge des Instituts für Empirische Wirtschaftsforschung
Author: Institut für Empirische Wirtschaftsforschung
Publisher:
ISBN:
Category :
Languages : de
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : de
Pages :
Book Description
Boom-bust Cycles and Financial Liberalization
Author: Aaron Tornell
Publisher: MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 206
Book Description
Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth. The volatility that has hit many middle-income countries (MICs) after liberalizing their financial markets has prompted critics to call for new policies to stabilize these boom-bust cycles. But, as Aaron Tornell and Frank Westermann point out in this book, over the last two decades most of the developing countries that have experienced lending booms and busts have also exhibited the fastest growth among MICs. Countries with more stable credit growth, by contrast, have exhibited, on average, lower growth rates. Factors that contribute to financial fragility thus appear, paradoxically, to be a source of long-run growth as well. Tornell and Westermann analyze boom-bust cycles in the developing world and discuss how these cycles are generated by credit market imperfections. They explain why the financial liberalization that allows countries to overcome imperfections impeding rapid growth also generates the financial fragility that leads to greater volatility and occasional crises. The conceptual framework they present illustrates this linkage and allows Tornell and Westermann to address normative questions regarding liberalization policies.The authors also characterize key macroeconomic regularities observed across MICs, showing that credit markets play a key role not only in boom-bust episodes but in the strong "credit channel" observed during tranquil times. A theoretical framework is then presented that explains how credit market imperfections can account for these empirical patterns. Finally, Tornell and Westermann provide microeconomic evidence on the credit market imperfections that drive the results of the theoretical framework, finding that asymmetries between tradables and nontradables are key to understanding the patterns in MIC data.
Publisher: MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 206
Book Description
Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth. The volatility that has hit many middle-income countries (MICs) after liberalizing their financial markets has prompted critics to call for new policies to stabilize these boom-bust cycles. But, as Aaron Tornell and Frank Westermann point out in this book, over the last two decades most of the developing countries that have experienced lending booms and busts have also exhibited the fastest growth among MICs. Countries with more stable credit growth, by contrast, have exhibited, on average, lower growth rates. Factors that contribute to financial fragility thus appear, paradoxically, to be a source of long-run growth as well. Tornell and Westermann analyze boom-bust cycles in the developing world and discuss how these cycles are generated by credit market imperfections. They explain why the financial liberalization that allows countries to overcome imperfections impeding rapid growth also generates the financial fragility that leads to greater volatility and occasional crises. The conceptual framework they present illustrates this linkage and allows Tornell and Westermann to address normative questions regarding liberalization policies.The authors also characterize key macroeconomic regularities observed across MICs, showing that credit markets play a key role not only in boom-bust episodes but in the strong "credit channel" observed during tranquil times. A theoretical framework is then presented that explains how credit market imperfections can account for these empirical patterns. Finally, Tornell and Westermann provide microeconomic evidence on the credit market imperfections that drive the results of the theoretical framework, finding that asymmetries between tradables and nontradables are key to understanding the patterns in MIC data.
Capital as Power
Author: Jonathan Nitzan
Publisher: Routledge
ISBN: 1134022298
Category : Political Science
Languages : en
Pages : 853
Book Description
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.
Publisher: Routledge
ISBN: 1134022298
Category : Political Science
Languages : en
Pages : 853
Book Description
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.