Straining at the Anchor

Straining at the Anchor PDF Author: Gerardo della Paolera
Publisher: University of Chicago Press
ISBN: 0226645584
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
The "Argentine disappointment"—why Argentina persistently failed to achieve sustained economic stability during the twentieth century—is an issue that has mystified scholars for decades. In Straining the Anchor, Gerardo della Paolera and Alan M. Taylor provide many of the missing links that help explain this important historical episode. Written chronologically, this book follows the various fluctuations of the Argentine economy from its postrevolutionary volatility to a period of unprecedented prosperity to a dramatic decline from which the country has never fully recovered. The authors examine in depth the solutions that Argentina has tried to implement such as the Caja de Conversión, the nation's first currency board which favored a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted. With many countries now using—or seriously contemplating—monetary arrangements similar to Argentina's, this important and persuasive study maps out one of history's most interesting monetary experiments to show what works and what doesn't.

Straining at the Anchor

Straining at the Anchor PDF Author: Gerardo della Paolera
Publisher: University of Chicago Press
ISBN: 0226645584
Category : Business & Economics
Languages : en
Pages : 296

Get Book Here

Book Description
The "Argentine disappointment"—why Argentina persistently failed to achieve sustained economic stability during the twentieth century—is an issue that has mystified scholars for decades. In Straining the Anchor, Gerardo della Paolera and Alan M. Taylor provide many of the missing links that help explain this important historical episode. Written chronologically, this book follows the various fluctuations of the Argentine economy from its postrevolutionary volatility to a period of unprecedented prosperity to a dramatic decline from which the country has never fully recovered. The authors examine in depth the solutions that Argentina has tried to implement such as the Caja de Conversión, the nation's first currency board which favored a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted. With many countries now using—or seriously contemplating—monetary arrangements similar to Argentina's, this important and persuasive study maps out one of history's most interesting monetary experiments to show what works and what doesn't.

Inflation Expectations

Inflation Expectations PDF Author: Peter J. N. Sinclair
Publisher: Routledge
ISBN: 1135179778
Category : Business & Economics
Languages : en
Pages : 402

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Book Description
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

Economy of Words

Economy of Words PDF Author: Douglas R. Holmes
Publisher: University of Chicago Press
ISBN: 022608776X
Category : Social Science
Languages : en
Pages : 278

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Book Description
Markets are artifacts of language—so Douglas R. Holmes argues in this deeply researched look at central banks and the people who run them. Working at the intersection of anthropology, linguistics, and economics, he shows how central bankers have been engaging in communicative experiments that predate the financial crisis and continue to be refined amid its unfolding turmoil—experiments that do not merely describe the economy, but actually create its distinctive features. Holmes examines the New York District Branch of the Federal Reserve, the European Central Bank, Deutsche Bundesbank, and the Bank of England, among others, and shows how officials there have created a new monetary regime that relies on collaboration with the public to achieve the ends of monetary policy. Central bankers, Holmes argues, have shifted the conceptual anchor of monetary affairs away from standards such as gold or fixed exchange rates and toward an evolving relationship with the public, one rooted in sentiments and expectations. Going behind closed doors to reveal the intellectual world of central banks,Economy of Words offers provocative new insights into the way our economic circumstances are conceptualized and ultimately managed.

Designing Central Bank Digital Currencies

Designing Central Bank Digital Currencies PDF Author: Mr.Itai Agur
Publisher: International Monetary Fund
ISBN: 1513519883
Category : Business & Economics
Languages : en
Pages : 38

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Book Description
We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their preferences over anonymity and security; and where network effects make the convenience of payment instruments dependent on the number of their users. CBDC can be designed with attributes similar to cash or deposits, and can be interest-bearing: a CBDC that closely competes with deposits depresses bank credit and output, while a cash-like CBDC may lead to the disappearance of cash. Then, the optimal CBDC design trades off bank intermediation against the social value of maintaining diverse payment instruments. When network effects matter, an interest-bearing CBDC alleviates the central bank's tradeoff.

Being Adopted

Being Adopted PDF Author: David M. Brodzinsky
Publisher: Anchor
ISBN: 0385414269
Category : Family & Relationships
Languages : en
Pages : 230

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Book Description
Like Passages, this groundbreaking book uses the poignant, powerful voices of adoptees and adoptive parents to explore the experience of adoption and its lifelong effects. A major work, filled with astute analysis and moving truths.

Anchored

Anchored PDF Author: Mort Crim
Publisher: Beaufort Books
ISBN: 0825308240
Category : Biography & Autobiography
Languages : en
Pages : 356

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Book Description
HONORED AS A NOTABLE 100 BOOK IN THE 2021 SHELF UNBOUND BEST INDIE BOOK COMPETITION Mort Crim has reported on major conflicts around the world for more than four decades and was a major inspiration for Will Ferrell's performance in the movie Anchorman. Crim's memoir takes readers behind the camera to show what life was like when the local anchorman was as revered as the professional athlete, and just as overpaid. It was a glamorous life, working alongside some of journalism's legends, like Walter Cronkite, David Brinkley, Dan Rather, and Ted Koppel. The son of an evangelical minister in a conservative church, Crim suffered his first crisis of faith at the age of 15. Despite nagging questions, Crim eventually followed his father's path into ministry. But the more he delved into the Bible, the more his faith was shaken. Unable to defend things he wasn't sure of from the pulpit, Crim left the ministry for a career in journalism, determined to pursue truth. After a four-year stint in the Air Force, he earned his master's degree in journalism from Northwestern University, and by the age of 30, had made it to New York—the epicenter of his profession. As a national correspondent for ABC, Crim anchored the network's top-rated morning radio show and covered America's newly-developing manned space program. When Neil Armstrong took that first step on the moon, it was Crim's voice that described the historic event for millions around the world. At the urging of Walter Cronkite, Crim moved from network radio into the heady world of television news. At KYW in Philadelphia, Mort Crim was paired with the late Jessica Savitch, and their anchor team spawned the idea for Will Ferrell's Anchorman movies. Crim's journey for truth will resonate with anyone raised in a cocoon of certainty that they felt compelled to question.

Currency Unions

Currency Unions PDF Author: Alberto Alesina
Publisher: Hoover Institution Press
ISBN: 0817928464
Category : Business & Economics
Languages : en
Pages : 99

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Book Description
Currency Unions reviews the traditional case for flexible exchange rates and "countercyclical"—that is, expansionary during recessions and contractionary in booms—monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks. The book also looks at the pitfalls of flexible exchange rates—and why fixed rates, particularly full dollarization—might be a more sensible choice for some emerging-market countries. The contributors also detail the factors that determine the optimal sizes of currency unions, explain how currency union greatly expands the volume of international trade among its members, and examine the recent implementation of dollarization in Ecuador.

The Anchor Book of New American Short Stories

The Anchor Book of New American Short Stories PDF Author: Ben Marcus
Publisher: Anchor
ISBN: 0307428133
Category : Fiction
Languages : en
Pages : 540

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Book Description
“In twenty-nine separate but ingenious ways, these stories seek permanent residence within a reader. They strive to become an emotional or intellectual cargo that might accompany us wherever, or however, we go. . . . If we are made by what we read, if language truly builds people into what they are, how they think, the depth with which they feel, then these stories are, to me, premium material for that construction project. You could build a civilization with them.” —Ben Marcus, from the Introduction Award-winning author of Notable American Women Ben Marcus brings us this engaging and comprehensive collection of short stories that explore the stylistic variety of the medium in America today. Sea Oak by George Saunders Everything Ravaged, Everything Burned by Wells Tower Do Not Disturb by A.M. Homes The Girl in the Flammable Skirt by Aimee Bender The Caretaker by Anthony Doerr The Old Dictionary by Lydia Davis The Father’s Blessing by Mary Caponegro The Life and Work of Alphonse Kauders by Aleksandar Hemon People Shouldn’t Have to be the Ones to Tell You by Gary Lutz Histories of the Undead by Kate Braverman When Mr. Pirzada Came to Dine by Jhumpa Lahiri Down the Road by Stephen Dixon X Number of Possibilities by Joanna Scott Tiny, Smiling Daddy by Mary Gaitskill Brief Interviews with Hideous Men by David Foster Wallace The Sound Gun by Matthew Derby Short Talks by Anne Carson Field Events by Rick Bass Scarliotti and the Sinkhole by Padgett Powell

The Encyclopedia of Money

The Encyclopedia of Money PDF Author: Larry Allen
Publisher: Bloomsbury Publishing USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 663

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Book Description
A comprehensive introductory resource with entries covering the development of money and the functions and dysfunctions of the monetary and financial system. The original edition of The Encyclopedia of Money won widespread acclaim for explaining the function—and dysfunction—of the financial system in a language any reader could understand. Now a decade later, with a more globally integrated, market-oriented world, and with consumers trying to make sense of subprime mortgages, credit default swaps, and bank stress tests, the Encyclopedia returns in an expanded new edition. From the development of metal and paper currency to the ongoing global economic crisis, the rigorously updated The Encyclopedia of Money, Second Edition is the most authoritative, comprehensive resource on the fundamentals of money and finance available. Its 350 alphabetically organized entries—85 completely new to this edition—help readers make sense of a wide range of events, policies, and regulations by explaining their historical, political, and theoretical contexts. The new edition focuses most intently on the last two decades, highlighting the connections between the onrush of globalization, the surging stock market, and various monetary and fiscal crises of the 1990s, as well as developments, scandals, and pocketbook issues making headlines today.

The Anchor Book of Modern Arabic Fiction

The Anchor Book of Modern Arabic Fiction PDF Author: Denys Johnson-Davies
Publisher: Anchor
ISBN: 0307481484
Category : Fiction
Languages : en
Pages : 508

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Book Description
This dazzling anthology features the work of seventy-nine outstanding writers from all over the Arab-speaking world, from Morocco in the west to Iraq in the east, Syria in the north to Sudan in the south. Edited by Denys Johnson-Davies, called by Edward Said “the leading Arabic-to-English translator of our time,” this treasury of Arab voices is diverse in styles and concerns, but united by a common language. It spans the full history of modern Arabic literature, from its roots in western cultural influence at the end of the nineteenth century to the present-day flowering of Naguib Mahfouz’s literary sons and daughters. Among the Egyptian writers who laid the foundation for the Arabic literary renaissance are the great Tawfik al-Hakim; the short story pioneer Mahmoud Teymour; and Yusuf Idris, who embraced Egypt’s vibrant spoken vernacular. An excerpt from the Sudanese writer Tayeb Salih’s novel Season of Migration to the North, one of the Arab world’s finest, appears alongside the Libyan writer Ibrahim al-Koni’s tales of the Tuaregs of North Africa, the Iraqi writer Mohamed Khudayir’s masterly story “Clocks Like Horses,” and the work of such women writers as Lebanon’s Hanan al-Shaykh and Morocco’s Leila Abouzeid.