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Author: D'Maris Coffman
Publisher: Cambridge University Press
ISBN: 1107435048
Category : Business & Economics
Languages : en
Pages : 301
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Book Description
Financial capitalism emerged in a recognisably modern form in late seventeenth- and eighteenth-century Great Britain. Following the seminal work of Douglass C. North and Barry R. Weingast (1989), many scholars have concluded that the 'credible commitment' that was provided by parliamentary backing of government as a result of the Glorious Revolution of 1688 provided the key institutional underpinning on which modern public finances depend. In this book, a specially commissioned group of historians and economists examine and challenge the North and Weingast thesis to show that multiple commitment mechanisms were necessary to convince public creditors that sovereign debt constituted a relatively accessible, safe and liquid investment vehicle. Questioning Credible Commitment provides academics and practitioners with a broader understanding of the origins of financial capitalism, and, with its focus on theoretical and policy frameworks, shows the significance of the debate to current macroeconomic policy making.
Author: D'Maris Coffman
Publisher: Cambridge University Press
ISBN: 1107435048
Category : Business & Economics
Languages : en
Pages : 301
Get Book Here
Book Description
Financial capitalism emerged in a recognisably modern form in late seventeenth- and eighteenth-century Great Britain. Following the seminal work of Douglass C. North and Barry R. Weingast (1989), many scholars have concluded that the 'credible commitment' that was provided by parliamentary backing of government as a result of the Glorious Revolution of 1688 provided the key institutional underpinning on which modern public finances depend. In this book, a specially commissioned group of historians and economists examine and challenge the North and Weingast thesis to show that multiple commitment mechanisms were necessary to convince public creditors that sovereign debt constituted a relatively accessible, safe and liquid investment vehicle. Questioning Credible Commitment provides academics and practitioners with a broader understanding of the origins of financial capitalism, and, with its focus on theoretical and policy frameworks, shows the significance of the debate to current macroeconomic policy making.
Author: Stephen Haber
Publisher: Cambridge University Press
ISBN: 9780521820677
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a private good), and share the resulting rents with the group of asset holders who are integrated into the government. Focusing on Mexico, this book explains how the property rights system was constructed during the Porfirio Díaz dictatorship (1876-1911) and then explores how this property rights system either survived, or was reconstructed. The result is an analytic economic history of Mexico under both stability and instability, and a generalizable framework about the interaction of political and economic institutions.
Author: Marlies Glasius
Publisher: Routledge
ISBN: 1134315678
Category : Law
Languages : en
Pages : 177
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Book Description
A universal criminal court : the emergence of an idea -- The global civil society campaign -- The victory : the independent prosecutor -- The defeat : no universal jurisdiction -- The controversy : gender and forced pregnancy -- The missed chance : banning weapons -- A global civil society achievement : why rejoice?
Author: Oliver E. Williamson
Publisher:
ISBN:
Category :
Languages : en
Pages : 114
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Book Description
Author: Thomas C. Schelling
Publisher: Harvard University Press
ISBN: 9780674840317
Category : History
Languages : en
Pages : 332
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Book Description
Analyzes the nature of international disagreements and conflict resolution in terms of game theory and non-zero-sum games.
Author: Eric Mark Patashnik
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 730
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Book Description
Author: D'Maris Coffman
Publisher: Cambridge University Press
ISBN: 1107039010
Category : Business & Economics
Languages : en
Pages : 301
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Book Description
An interdisciplinary examination of credible commitment to fiscal responsibility and its relevance to current macroeconomic policy making.
Author: Daryl G. Press
Publisher: Cornell University Press
ISBN: 9780801474156
Category : History
Languages : en
Pages : 244
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Book Description
"Daryl G. Press uses historical evidence to answer two crucial questions: When a country backs down in a crisis, does its credibility suffer? How do leaders assess their adversaries' credibility? Press illuminates the decision-making processes behind events such as the crises in Europe that preceded World War II, the superpower showdowns over Berlin in the 1950s and 60s, and the Cuban Missile Crisis."--Page 4 of cover.
Author: Anjali Kaushlesh Dayal
Publisher: Cambridge University Press
ISBN: 1108843220
Category : Political Science
Languages : en
Pages : 225
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Book Description
Even when they don't want peace, combatants seek out UN peacemaking for its unique tactical, material, and symbolic benefits.
Author: Philip Keefer
Publisher: World Bank Publications
ISBN:
Category : Armed Conflict
Languages : en
Pages : 29
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Book Description
This paper suggests a new factor that makes civil war more likely: the inability of political actors to make credible promises to broad segments of society. Lacking this ability, both elected and unelected governments pursue public policies that leave citizens less well-off and more prone to revolt. At the same time, these actors have a reduced ability to build an anti-insurgency capacity in the first place, since they are less able to prevent anti-insurgents from themselves mounting coups. But while reducing the risk of conflict overall, increasing credibility can, over some range, worsen the effects of natural resources and ethnic fragmentation on civil war. Empirical tests using various measures of political credibility support these conclusions.
