Institutional Conflicts and Complementarities

Institutional Conflicts and Complementarities PDF Author: Robert Franzese
Publisher: Springer Science & Business Media
ISBN: 147574062X
Category : Business & Economics
Languages : en
Pages : 276

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Book Description
This important collection presents an authoritative selection of papers on "Institutional Conflicts and Complementarities" This publication is intent on building bridges between economics and the other social sciences. The focus is on the interaction between monetary policy and wage bargaining institutions in European Monetary Union (EMU). Institutional Conflicts and Complementarities is written by acknowledged experts in their field. The outcome is a broad analysis of the interactions of labour market actors and central banks. The volume addresses the recent changes in EMU. An important theoretical, empirical, and policy-relevant conclusion that emerges from Institutional Conflicts and Complementarities is that even perfectly credible monetary conservatism has long-term real effects, even in equilibrium models with fully rational expectations.

Institutional Conflicts and Complementarities

Institutional Conflicts and Complementarities PDF Author: Robert Franzese
Publisher: Springer Science & Business Media
ISBN: 147574062X
Category : Business & Economics
Languages : en
Pages : 276

Get Book Here

Book Description
This important collection presents an authoritative selection of papers on "Institutional Conflicts and Complementarities" This publication is intent on building bridges between economics and the other social sciences. The focus is on the interaction between monetary policy and wage bargaining institutions in European Monetary Union (EMU). Institutional Conflicts and Complementarities is written by acknowledged experts in their field. The outcome is a broad analysis of the interactions of labour market actors and central banks. The volume addresses the recent changes in EMU. An important theoretical, empirical, and policy-relevant conclusion that emerges from Institutional Conflicts and Complementarities is that even perfectly credible monetary conservatism has long-term real effects, even in equilibrium models with fully rational expectations.

Political Power and Corporate Control

Political Power and Corporate Control PDF Author: Peter A. Gourevitch
Publisher: Princeton University Press
ISBN: 1400837014
Category : Business & Economics
Languages : en
Pages : 365

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Book Description
Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.

Varieties of Capitalism

Varieties of Capitalism PDF Author: Peter A. Hall
Publisher: Oxford University Press
ISBN: 0199247749
Category : Business & Economics
Languages : en
Pages : 557

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Book Description
Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

The Origins of Nonliberal Capitalism

The Origins of Nonliberal Capitalism PDF Author: Wolfgang Streeck
Publisher: Cornell University Press
ISBN: 9780801489839
Category : Business & Economics
Languages : en
Pages : 290

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Book Description
"In The Origins of Nonliberal Capitalism, German sociologists and American and Japanese political scientists draw extensively on the work of economists and historians from their home countries, as well as from the United Kingdom and France. The contributors analyze the historical origins of nonliberal capitalism in Germany and Japan from two perspectives: the emergence and survival of a capitalism that does not assume liberal ideas and ideology; and the causes of difference between the systems of Germany and Japan. They also outline the requirements for internally coherent national models of an embedded capitalist economy."--BOOK JACKET.

The New Global Rulers

The New Global Rulers PDF Author: Tim Büthe
Publisher: Princeton University Press
ISBN: 0691157979
Category : Political Science
Languages : en
Pages : 320

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Book Description
Global private regulations—who wins, who loses, and why Over the past two decades, governments have delegated extensive regulatory authority to international private-sector organizations. This internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets, but also by the realization that government regulators often lack the expertise and resources to deal with increasingly complex and urgent regulatory tasks. The New Global Rulers examines who writes the rules in international private organizations, as well as who wins, who loses--and why. Tim Büthe and Walter Mattli examine three powerful global private regulators: the International Accounting Standards Board, which develops financial reporting rules used by corporations in more than a hundred countries; and the International Organization for Standardization and the International Electrotechnical Commission, which account for 85 percent of all international product standards. Büthe and Mattli offer both a new framework for understanding global private regulation and detailed empirical analyses of such regulation based on multi-country, multi-industry business surveys. They find that global rule making by technical experts is highly political, and that even though rule making has shifted to the international level, domestic institutions remain crucial. Influence in this form of global private governance is not a function of the economic power of states, but of the ability of domestic standard-setters to provide timely information and speak with a single voice. Büthe and Mattli show how domestic institutions' abilities differ, particularly between the two main standardization players, the United States and Europe.

Institutions in Economics

Institutions in Economics PDF Author: Malcolm Rutherford
Publisher: Cambridge University Press
ISBN: 9780521574471
Category : Business & Economics
Languages : en
Pages : 244

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Book Description
This book examines and compares the 'old' institutionalism of Veblen, Mitchell, Commons, and Ayres, with the 'new' institutionalism developed from neoclassical and Austrian sources.

Beyond Varieties of Capitalism

Beyond Varieties of Capitalism PDF Author: Bob Hancké
Publisher: Oxford University Press
ISBN: 0199206481
Category : Business & Economics
Languages : en
Pages : 455

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Book Description
This edited work critically analyses developments in European Political Economy and their effects on the continental European economies. Leading political economists from Europe and the United States consider how the influential 'Varieties of Capitalism' approach can help us understand these challenges.

The Oxford Handbook of Comparative Institutional Analysis

The Oxford Handbook of Comparative Institutional Analysis PDF Author: Glenn Morgan
Publisher: OUP Oxford
ISBN: 0191613630
Category : Business & Economics
Languages : en
Pages : 1487

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Book Description
It is increasingly accepted that 'institutions matter' for economic organization and outcomes. The last decade has seen significant expansion in research examining how institutional contexts affect the nature and behaviour of firms, the operation of markets, and economic outcomes. Yet 'institutions' conceal a multitude of issues and perspectives. Much of this research has been comparative, and followed different models such as 'varieties of capitalism', 'national business systems', and 'social systems of production'. This Handbook explores these issues, perspectives, and models, with the leading scholars in the area contributing chapters to provide a central reference point for academics, scholars, and students.

Business Systems and Organizational Capabilities

Business Systems and Organizational Capabilities PDF Author: Richard Whitley
Publisher: Oxford University Press, USA
ISBN: 0199205175
Category : Business & Economics
Languages : en
Pages : 405

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Book Description
Whitley is one of the leading exponents of the 'business systems' approach which analyses the different character and organisation of firms in different national settings. Here he summarises his approach and links it to the capabilities and strategies of firms.

Institutional Change and Globalization

Institutional Change and Globalization PDF Author: John L. Campbell
Publisher: Princeton University Press
ISBN: 9780691089218
Category : Business & Economics
Languages : en
Pages : 268

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Book Description
This book is about some of the most important problems confronting social scientists who study institutions and institutional change. It is also about globalization, particularly the frequent claim that globalization is transforming national political and economic institutions as never before.