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Author: David E. Spiro
Publisher: Cornell University Press
ISBN: 1501711970
Category : Political Science
Languages : en
Pages : 195
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Book Description
Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
Author: David E. Spiro
Publisher: Cornell University Press
ISBN: 1501711970
Category : Political Science
Languages : en
Pages : 195
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Book Description
Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
Author:
Publisher: DIANE Publishing Inc.
ISBN:
Category :
Languages : en
Pages : 24
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Book Description
Author: Thomas M. Leonard
Publisher: Taylor & Francis
ISBN: 9780415976640
Category : Social Science
Languages : en
Pages : 720
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Book Description
These crochet jackets from Coats & Clark let you change your wardrobe whenever you change your mood. Is it a day for quick decisions and getting things done? Toss on Confident, a button-down coat with a hem that cruises below the hip. If being Serene is more your thing, then mix a playful puff stitch with shades of green to create a jacket as peaceful as a forest retreat. Hunting for a way to buck the trends? The Bold jacket is camo-inspired, but it won t let you get lost in a crowd. Romantic is a cropped hoodie that hugs your shoulders and frames your face with soft bobbles. 4 jackets to crochet: Confident by Angel Rhett (sizes 8, 10, 12) ; Serene and Romantic, both by Ann E. Smith (sizes S, M, L, XL) ; and Bold by Kathleen Sams (sizes S, M, L) .
Author: United States. Congress. House. Committee on Science and Technology. Subcommittee on Domestic and International Scientific Planning, Analysis, and Cooperation
Publisher:
ISBN:
Category : Technology transfer
Languages : en
Pages : 480
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Book Description
Author: S. Y. Lo
Publisher:
ISBN:
Category : Diffusion of innovations
Languages : en
Pages : 336
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Book Description
Author: Peter Choynowski
Publisher: DIANE Publishing
ISBN: 1437900542
Category : Technology & Engineering
Languages : en
Pages : 26
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Book Description
The measurement of willingness to pay for electricity relies critically on a reliable estimate of the demand for electricity function. Empirical work tends to assume that the demand for electricity has no satiation point. Many electricity demand models assume a constant price elasticity, which implies infinite demand at low prices. This report proposes a plausible functional form for the demand of electricity. The proposed functional form is consistent with two properties of electricity demand functions for households & firms, namely, the negative relationships between price & quantity, & the finiteness of demand at zero price. The report also demonstrates that this functional form of the demand function leads to easily estimable economic benefits of electricity.
Author: William E. James
Publisher: Univ of Wisconsin Press
ISBN: 9780299117849
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
While the world's attention has been focused on the spectacular economic success of Japan and Korea, the less developed countries of Asia have often been neglected. Asian Development closes the gap. In nontechnical style and with minimal mathematics, it presents an in-depth perspective on the economic development of fourteen countries in East, Southeast, and South Asia. Asian Development is mainly a story of success. Though some problems remain, Asian countries have shown remarkable resilience in responding to sharp changes in the international economy--oil shocks, world recession and inflation, exchange-rate and interest-rate fluctuations, and rapid technological change. The authors conclude that their ability to adjust to changing external conditions is closely related to intelligent governmental policies. Looking back they comment: "In the past, growth of the United States and Japan pulled up the growth rates of the smaller economies in the region." Looking forward, they predict: "In the future, increasingly it will be the growth of the Asian developing countries that acts as a catalyst to growth in the more advanced economies."
Author: Ernesto M. Pernia
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 46
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Book Description
Author: Ahmed Banafe
Publisher: Springer
ISBN: 331955218X
Category : Business & Economics
Languages : en
Pages : 341
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Book Description
This book sheds new light on the critical importance of the Saudi Arabian Monetary Agency (SAMA), a remarkably successful central bank that is a model for developing oil exporters worldwide. As a "swing producer", Saudi Arabia has traditionally stepped in to make up for oil supply shortfalls in other OPEC countries, or to scale back their own production when overabundance might lead to a price crash. Since 2014, Saudi Arabia has changed its policy in response to the rise of American shale oil, in search of a long-term strategy that will, once again, help balance supply and demand at a steady price. In its informal dual role of central bank and sovereign wealth fund, SAMA must navigate the paradoxes faced by monoline oil producing countries: the need for diversification vs. dependence on oil-based revenue; the loss of foreign exchange reserves that follows oil-financed government spending; the unreliability of revenue from oil; the challenges of using a Western model for supervising Shariah-compliant banks; and the need to have a balancing mix of oil and financial assets. As SAMA (now the Saudi Arabian Monetary Authority) reassesses its role in 2017, this history and guide to current policy issues will prove invaluable for policymakers in oil producing economies looking to apply lessons from the past as they plan for the future.
Author: Francisco de Assis Portela Veloso
Publisher:
ISBN:
Category : Automobile industry and trade
Languages : en
Pages : 62
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Book Description
