Author: International Monetary Fund. Communications Department
Publisher: International Monetary Fund
ISBN: 1498316522
Category : Business & Economics
Languages : en
Pages : 64
Book Description
This issue of Finance & Development presents success and works of IMF in the past 75 years since its formation. The IMF’s financial firepower must be increased substantially, particularly in a world of relatively free capital flows. If the world of cooperative globalization is to survive and the IMF is to maintain its role within it, a great deal must change. Some of these changes are within the IMF’s control. The most important challenges for the IMF of tomorrow are, however, those created by the changing world. Global cooperation is needed to reap the benefits and avoid the pitfalls of cross-border capital flows. Cross-border capital flows are neither an unmitigated blessing nor an undoubted curse. Used judiciously, they can be beneficial to recipient countries, making up deficiencies in the availability of long-term risk capital and reducing gaps in local corporate governance. Many emerging market economies have understood that they should build foreign exchange reserves. The IMF model suggests that fluctuations in the exchange rate are the main reason for fluctuations in corporate liquidity in receiving countries.
Finance & Development, June 2019
Author: International Monetary Fund. Communications Department
Publisher: International Monetary Fund
ISBN: 1498316522
Category : Business & Economics
Languages : en
Pages : 64
Book Description
This issue of Finance & Development presents success and works of IMF in the past 75 years since its formation. The IMF’s financial firepower must be increased substantially, particularly in a world of relatively free capital flows. If the world of cooperative globalization is to survive and the IMF is to maintain its role within it, a great deal must change. Some of these changes are within the IMF’s control. The most important challenges for the IMF of tomorrow are, however, those created by the changing world. Global cooperation is needed to reap the benefits and avoid the pitfalls of cross-border capital flows. Cross-border capital flows are neither an unmitigated blessing nor an undoubted curse. Used judiciously, they can be beneficial to recipient countries, making up deficiencies in the availability of long-term risk capital and reducing gaps in local corporate governance. Many emerging market economies have understood that they should build foreign exchange reserves. The IMF model suggests that fluctuations in the exchange rate are the main reason for fluctuations in corporate liquidity in receiving countries.
Publisher: International Monetary Fund
ISBN: 1498316522
Category : Business & Economics
Languages : en
Pages : 64
Book Description
This issue of Finance & Development presents success and works of IMF in the past 75 years since its formation. The IMF’s financial firepower must be increased substantially, particularly in a world of relatively free capital flows. If the world of cooperative globalization is to survive and the IMF is to maintain its role within it, a great deal must change. Some of these changes are within the IMF’s control. The most important challenges for the IMF of tomorrow are, however, those created by the changing world. Global cooperation is needed to reap the benefits and avoid the pitfalls of cross-border capital flows. Cross-border capital flows are neither an unmitigated blessing nor an undoubted curse. Used judiciously, they can be beneficial to recipient countries, making up deficiencies in the availability of long-term risk capital and reducing gaps in local corporate governance. Many emerging market economies have understood that they should build foreign exchange reserves. The IMF model suggests that fluctuations in the exchange rate are the main reason for fluctuations in corporate liquidity in receiving countries.
The Political Economy of Financial Development in Malaysia
Author: Lena Rethel
Publisher: Routledge
ISBN: 0429650027
Category : Business & Economics
Languages : en
Pages : 135
Book Description
Current inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and financialisation and how has it played out in the Malaysian context? And more generally: how can a country like Malaysia become significantly more financially developed, yet fail to emancipate the financial system from political control; a core element of the financial development discourse? To unravel the complexities of this puzzle, this book subjects the history and contemporary practices of financial policymaking in Malaysia to scrutiny. It argues that to understand financial development in Malaysia, its progress and reversals, it is important to conceptualise it as a political, rather than a merely technical process. In so doing, the book echoes a more profound concern in the political economy literature, namely the evolving relationship between states and markets, and the supposed retreat or reassertion of the state at a time of increasing (financial) globalisation. The book can generate further insights into the evolving role of the state with regard to broader processes of development and marketisation, as they relate specifically to finance.
Publisher: Routledge
ISBN: 0429650027
Category : Business & Economics
Languages : en
Pages : 135
Book Description
Current inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and financialisation and how has it played out in the Malaysian context? And more generally: how can a country like Malaysia become significantly more financially developed, yet fail to emancipate the financial system from political control; a core element of the financial development discourse? To unravel the complexities of this puzzle, this book subjects the history and contemporary practices of financial policymaking in Malaysia to scrutiny. It argues that to understand financial development in Malaysia, its progress and reversals, it is important to conceptualise it as a political, rather than a merely technical process. In so doing, the book echoes a more profound concern in the political economy literature, namely the evolving relationship between states and markets, and the supposed retreat or reassertion of the state at a time of increasing (financial) globalisation. The book can generate further insights into the evolving role of the state with regard to broader processes of development and marketisation, as they relate specifically to finance.
Inclusive Financial Development
Author: Ahmad, Ahmad H.
Publisher: Edward Elgar Publishing
ISBN: 1800376383
Category : Business & Economics
Languages : en
Pages : 352
Book Description
Inclusive Financial Development provides theoretical and empirical analyses of the nature of financial inclusion. The contributing authors explore the impediments to inclusion that exist around the world, the macro and stability implications, and the regulation dimension.
Publisher: Edward Elgar Publishing
ISBN: 1800376383
Category : Business & Economics
Languages : en
Pages : 352
Book Description
Inclusive Financial Development provides theoretical and empirical analyses of the nature of financial inclusion. The contributing authors explore the impediments to inclusion that exist around the world, the macro and stability implications, and the regulation dimension.
Corporate Finance and Financial Development
Author: Shame Mugova
Publisher: Springer Nature
ISBN: 3031049802
Category : Business & Economics
Languages : en
Pages : 216
Book Description
This book addresses key issues in corporate finance and explores them from financial development and financial stability perspectives in emerging markets. Emerging economies are susceptible to rapidly changing financial sectors and products as well as financial upheavals. In this light, the growing interdependence of states and capital markets, and the risk of crises have an impact on the financing of firms. The chapters in this book highlight how companies and policies in emerging markets are affected and deal with the current post-crisis world. By combining academic and industry insights, the critical issues in corporate finance, financial development, and the preparedness of emerging markets are explored.
Publisher: Springer Nature
ISBN: 3031049802
Category : Business & Economics
Languages : en
Pages : 216
Book Description
This book addresses key issues in corporate finance and explores them from financial development and financial stability perspectives in emerging markets. Emerging economies are susceptible to rapidly changing financial sectors and products as well as financial upheavals. In this light, the growing interdependence of states and capital markets, and the risk of crises have an impact on the financing of firms. The chapters in this book highlight how companies and policies in emerging markets are affected and deal with the current post-crisis world. By combining academic and industry insights, the critical issues in corporate finance, financial development, and the preparedness of emerging markets are explored.
Public-Private Partnerships, Capital Infrastructure Project Investments and Infrastructure Finance
Author: Jane Beckett-Camarata
Publisher: Emerald Group Publishing
ISBN: 183909656X
Category : Political Science
Languages : en
Pages : 280
Book Description
Through the introduction of a new lens through which to view infrastructure finance policy, this book analyses the role of Public Private Partnerships within the context of long-term capital investment and improvement planning, and as a critical aspect of effective long-term capital infrastructure finance policy.
Publisher: Emerald Group Publishing
ISBN: 183909656X
Category : Political Science
Languages : en
Pages : 280
Book Description
Through the introduction of a new lens through which to view infrastructure finance policy, this book analyses the role of Public Private Partnerships within the context of long-term capital investment and improvement planning, and as a critical aspect of effective long-term capital infrastructure finance policy.
Finance and Sustainable Development
Author: Magdalena Ziolo
Publisher: Routledge
ISBN: 1000332063
Category : Business & Economics
Languages : en
Pages : 291
Book Description
There are many studies confirming the relationship between financial systems and economic development, but there are few which examine the degree to which financial systems a) impact the quality of information, b) influence sound corporate governance, c) ensure effective mechanisms of risk management, d) mobilize savings and f) facilitate trade. In the context of sustainability, there should also be a line of inquiry into how a particular financial system influences the assurance and implementation of sustainable development principles and goals. This book delivers a methodological approach to designing and assessing sustainable financial systems. It provides an original contribution by prioritizing ESG factors in the decision-making process of financial institutions and identifying their impact on sustainable financial systems. The author argues that to achieve financial stability, it is necessary to have in place mechanisms designed to prevent financial problems from becoming systemic and/or threatening the stability of the financial and economic system, while maintaining (or not undermining) the economy’s ability to sustain growth and perform its other functions. The book primarily takes a simulation and experimental approach. It is the first book to take such a comprehensive look at sustainable financial systems as opposed to sustainable finance in general. It will appeal to academics, students and researchers in the fields of economics, finance and banking, business, management and political and social sciences.
Publisher: Routledge
ISBN: 1000332063
Category : Business & Economics
Languages : en
Pages : 291
Book Description
There are many studies confirming the relationship between financial systems and economic development, but there are few which examine the degree to which financial systems a) impact the quality of information, b) influence sound corporate governance, c) ensure effective mechanisms of risk management, d) mobilize savings and f) facilitate trade. In the context of sustainability, there should also be a line of inquiry into how a particular financial system influences the assurance and implementation of sustainable development principles and goals. This book delivers a methodological approach to designing and assessing sustainable financial systems. It provides an original contribution by prioritizing ESG factors in the decision-making process of financial institutions and identifying their impact on sustainable financial systems. The author argues that to achieve financial stability, it is necessary to have in place mechanisms designed to prevent financial problems from becoming systemic and/or threatening the stability of the financial and economic system, while maintaining (or not undermining) the economy’s ability to sustain growth and perform its other functions. The book primarily takes a simulation and experimental approach. It is the first book to take such a comprehensive look at sustainable financial systems as opposed to sustainable finance in general. It will appeal to academics, students and researchers in the fields of economics, finance and banking, business, management and political and social sciences.
Glimpses of Utopia
Author: Jess Scully
Publisher: Pantera Press
ISBN: 1925700771
Category : Political Science
Languages : en
Pages : 451
Book Description
It's hard to be excited about the future right now. Climate change is accelerating; inequality is growing; politics is polarised; institutions designed to protect us are strained; technology is disrupting the world of work. We need to upgrade the operating systems of our society. Jess Scully asks, What can we do? The answer is: plenty! All over the world, people are refusing the business-as-usual mindset and putting humans back into the civic equation, reimagining work and care, finance and government, urban planning and communication, to make them better and fairer for all. Meet the care workers reclaiming control in India and Lebanon, the people turning slums into safe havens in Kenya and Bangladesh, and champions of people-powered digital democracy in Iceland and Taiwan. There are radical bankers funding renewable energy in the USA and architects redesigning real estate in Australia, new payment systems in Italy and the Philippines that keep money in local communities, and innovators redesigning taxation to cut pollution and incentivise creative solutions. Glimpses of Utopia is a call for optimism. Humans everywhere are rising up to confront our challenges with creativity, resilience and compassion. Harnessing technology and imagination, we can reshape our world to be fair and sustainable. This book shows us how.
Publisher: Pantera Press
ISBN: 1925700771
Category : Political Science
Languages : en
Pages : 451
Book Description
It's hard to be excited about the future right now. Climate change is accelerating; inequality is growing; politics is polarised; institutions designed to protect us are strained; technology is disrupting the world of work. We need to upgrade the operating systems of our society. Jess Scully asks, What can we do? The answer is: plenty! All over the world, people are refusing the business-as-usual mindset and putting humans back into the civic equation, reimagining work and care, finance and government, urban planning and communication, to make them better and fairer for all. Meet the care workers reclaiming control in India and Lebanon, the people turning slums into safe havens in Kenya and Bangladesh, and champions of people-powered digital democracy in Iceland and Taiwan. There are radical bankers funding renewable energy in the USA and architects redesigning real estate in Australia, new payment systems in Italy and the Philippines that keep money in local communities, and innovators redesigning taxation to cut pollution and incentivise creative solutions. Glimpses of Utopia is a call for optimism. Humans everywhere are rising up to confront our challenges with creativity, resilience and compassion. Harnessing technology and imagination, we can reshape our world to be fair and sustainable. This book shows us how.
The Economic Government of the World
Author: Martin Daunton
Publisher: Farrar, Straus and Giroux
ISBN: 0374611777
Category : Business & Economics
Languages : en
Pages : 726
Book Description
Foreign Affairs Best Books of the Year (2023) An epic history of the people and institutions that have built the global economy since the Great Depression. In this vivid landmark history, the distinguished economic historian Martin Daunton pulls back the curtain on the institutions and individuals who have created and managed the global economy over the last ninety years, revealing how and why one economic order breaks down and another is built. During the Great Depression, trade and currency warfare led to the rise of economic nationalism—a retreat from globalization that culminated in war. From World War II came a new, liberal economic order. Squarely reflecting the interests of the West in the Cold War, liberalism faced collapse in the 1970s and was succeeded by neoliberalism, financialization, and hyper-globalization. Now, as leading nations are tackling the fallout from Covid-19 and threats of inflation, food insecurity, and climate change, Daunton calls for a return to a more just and equitable form of globalization. Western imperial powers have overwhelmingly determined the structures of world economic government, often advancing their own self-interests and leading to ruinous resource extraction, debt, poverty, and political and social instability in the Global South. He argues that while our current economic system is built upon the politics of and between the world’s biggest economies, a future of global recovery—and the reduction of economic inequality—requires the development of multilateral institutions. Dramatic and revelatory, The Economic Government of the World offers a powerful analysis of the origins of our current global crises and a path toward a fairer international order.
Publisher: Farrar, Straus and Giroux
ISBN: 0374611777
Category : Business & Economics
Languages : en
Pages : 726
Book Description
Foreign Affairs Best Books of the Year (2023) An epic history of the people and institutions that have built the global economy since the Great Depression. In this vivid landmark history, the distinguished economic historian Martin Daunton pulls back the curtain on the institutions and individuals who have created and managed the global economy over the last ninety years, revealing how and why one economic order breaks down and another is built. During the Great Depression, trade and currency warfare led to the rise of economic nationalism—a retreat from globalization that culminated in war. From World War II came a new, liberal economic order. Squarely reflecting the interests of the West in the Cold War, liberalism faced collapse in the 1970s and was succeeded by neoliberalism, financialization, and hyper-globalization. Now, as leading nations are tackling the fallout from Covid-19 and threats of inflation, food insecurity, and climate change, Daunton calls for a return to a more just and equitable form of globalization. Western imperial powers have overwhelmingly determined the structures of world economic government, often advancing their own self-interests and leading to ruinous resource extraction, debt, poverty, and political and social instability in the Global South. He argues that while our current economic system is built upon the politics of and between the world’s biggest economies, a future of global recovery—and the reduction of economic inequality—requires the development of multilateral institutions. Dramatic and revelatory, The Economic Government of the World offers a powerful analysis of the origins of our current global crises and a path toward a fairer international order.
Cryptocurrency Regulation
Author: Immaculate Dadiso Motsi-Omoijiade
Publisher: Routledge
ISBN: 1000594602
Category : Business & Economics
Languages : en
Pages : 122
Book Description
This work argues that current cryptocurrency regulation, particularly in the areas of enforcement and compliance, is inadequate. It proposes reflexive regulation as an alternative approach. This book provides strategies for a reflexive regulation approach to cryptocurrencies, developed through the identification of the internal self-regulatory mechanisms of the cryptocurrency system. Apportioning blame for current problems to the regulators’ failure to take into account the inherent technical features of cryptocurrencies, the work promotes reflexive regulation in which the law acts at a subsystem-specific level to install, correct, and redefine democratic self-regulatory mechanisms. It provides strategies for this approach, developed through the identification of the internal self-regulatory mechanisms of the cryptocurrency system. These are identified as imbedded in the technical functionality of computer code and consensus-based distributive governance mechanisms respectively. In addition to providing a technical, historical and legal overview of cryptocurrencies, the book concludes by providing recommendations aimed at redirecting code and consensus towards achieving regulatory goals. In this way, it draws from the theory of reflexive law, in order to provide both a substantive and jurisprudential perspective on the regulation of cryptocurrencies and to illustrate how Financial Technology (Fintech) regulation can only be effective once regulators consider both the ‘Fin’ and the ‘tech’ in their regulatory approaches. The book will be of interest to researchers, academics and policy-makers working in the areas of Financial Regulation and Jurisprudence, Financial Crime, Banking Regulation, Information Systems, and Information Technology.
Publisher: Routledge
ISBN: 1000594602
Category : Business & Economics
Languages : en
Pages : 122
Book Description
This work argues that current cryptocurrency regulation, particularly in the areas of enforcement and compliance, is inadequate. It proposes reflexive regulation as an alternative approach. This book provides strategies for a reflexive regulation approach to cryptocurrencies, developed through the identification of the internal self-regulatory mechanisms of the cryptocurrency system. Apportioning blame for current problems to the regulators’ failure to take into account the inherent technical features of cryptocurrencies, the work promotes reflexive regulation in which the law acts at a subsystem-specific level to install, correct, and redefine democratic self-regulatory mechanisms. It provides strategies for this approach, developed through the identification of the internal self-regulatory mechanisms of the cryptocurrency system. These are identified as imbedded in the technical functionality of computer code and consensus-based distributive governance mechanisms respectively. In addition to providing a technical, historical and legal overview of cryptocurrencies, the book concludes by providing recommendations aimed at redirecting code and consensus towards achieving regulatory goals. In this way, it draws from the theory of reflexive law, in order to provide both a substantive and jurisprudential perspective on the regulation of cryptocurrencies and to illustrate how Financial Technology (Fintech) regulation can only be effective once regulators consider both the ‘Fin’ and the ‘tech’ in their regulatory approaches. The book will be of interest to researchers, academics and policy-makers working in the areas of Financial Regulation and Jurisprudence, Financial Crime, Banking Regulation, Information Systems, and Information Technology.
Green finance as a critical lever for delivering sustainable agrifood systems – A global landscape study
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
ISBN: 9251380856
Category : Social Science
Languages : en
Pages : 108
Book Description
The global landscape study on ‘Green finance as a critical lever for delivering sustainable agrifood system’ is an inclusive commentary on the current status of green finance to agrifood sector in the global south and its support system. This document provides evidence that the current green finance trends favour the development of the clean energy industry, whereas smallholder agriculture has not had the same success. Financing the agrifood sector in a “business as usual” mode is not a sufficient condition to mitigate the risks emanated from a range of climatic shocks and unprecedented events impacting the global food value chains. Sustainable financing mechanisms through innovative instruments and business practices are potential solutions and green finance emerges as the way forward to shift the focus from economic profit creation to the generation of stakeholder’s value (economic, environmental, and social governance). The document presents an excellent opportunity that can help elicit ongoing initiatives, application mechanisms, and significant issues to build global narratives about developing an inclusive approach to green finance services for the agrifood sector.
Publisher: Food & Agriculture Org.
ISBN: 9251380856
Category : Social Science
Languages : en
Pages : 108
Book Description
The global landscape study on ‘Green finance as a critical lever for delivering sustainable agrifood system’ is an inclusive commentary on the current status of green finance to agrifood sector in the global south and its support system. This document provides evidence that the current green finance trends favour the development of the clean energy industry, whereas smallholder agriculture has not had the same success. Financing the agrifood sector in a “business as usual” mode is not a sufficient condition to mitigate the risks emanated from a range of climatic shocks and unprecedented events impacting the global food value chains. Sustainable financing mechanisms through innovative instruments and business practices are potential solutions and green finance emerges as the way forward to shift the focus from economic profit creation to the generation of stakeholder’s value (economic, environmental, and social governance). The document presents an excellent opportunity that can help elicit ongoing initiatives, application mechanisms, and significant issues to build global narratives about developing an inclusive approach to green finance services for the agrifood sector.