Author: Mr.Sergio L. Schmukler
Publisher: International Monetary Fund
ISBN: 1451845286
Category : Business & Economics
Languages : en
Pages : 61
Get Book Here
Book Description
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock market prices. Our results indicate that financial liberalization is followed by more pronounced boom-bust cycles in the short run. However, financial liberalization leads to more stable markets in the long run. Finally, we analyze the sequencing of liberalization and institutional reforms to understand the contrasting short- and long-run effects of liberalization.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498344658
Category : Business & Economics
Languages : en
Pages : 257
Get Book Here
Book Description
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Author: Beth A. Simmons
Publisher: Princeton University Press
ISBN: 0691210128
Category : Political Science
Languages : en
Pages : 348
Get Book Here
Book Description
In this work Beth Simmons presents a fresh view of why governments decided to abide by or defect from the gold standard during the 1920s and 1930s. Previous studies of the spread of the Great Depression have emphasized "tit-for-tat" currency and tariff manipulation and a subsequent cycle of destructive competition. Simmons, on the other hand, analyzes the influence of domestic politics on national responses to the international economy. In so doing, she powerfully confirms that different political regimes choose different economic adjustment strategies.
Author: Marvin Zonis
Publisher: Agate Publishing
ISBN: 1932841598
Category : Business & Economics
Languages : en
Pages : 386
Get Book Here
Book Description
Globalization Hype Has Obscured a Few Basic Truths-that political stability and economic growth are usually determined on the local level, and that they're most affected by local institutions, local leadership, and other such factors. Risk Rules shows that globalization (and events like the recent overthrow of long-time leaders in Egypt and Tunis; the global recession triggered by the U.S. credit crisis in 2008; and the wars in Iraq and Afghanistan) makes understanding the political economies of different countries more important than ever. This book analyzes the fifteen main principles of how countries work, providing a powerful, intuitive framework for understanding international developments. Doing globalization right means understanding local economic, cultural, and political realties. This truth holds for companies, policymakers, small investors, voters, and everyone whose lives and finances are affected by distant world events. Book jacket.
Author: Mario Morroni
Publisher: Edward Elgar Publishing
ISBN: 1848446128
Category : Business & Economics
Languages : en
Pages : 257
Get Book Here
Book Description
In this reputable book Professor Morroni has constructed an insightful framework of three decisive factors for organizational coordination: capabilities, transaction, scale-scope. Based on these, he has knitted a splendid tapestry of theoretical and empirical information. This collection must be a standard for the theory of the firm. Yuji Aruka, Chuo University, Japan Organisations, networks and firms are three of the most dynamic areas of economic research. This timely book synthesises these areas in order to analyse emergent phenomena such as spatial clustering, outsourcing, relational complexity and radical technological innovation. A combination of authoritative literature reviews, novel theoretical developments and interesting case study applications makes this book essential reading for both new and established scholars in the field. Mark Casson, University of Reading, UK In recent years, applied studies have shown widespread, profound and increasing heterogeneity across firms in terms of their strategy, organization arrangement and performance. This book investigates the diversity of business firms, offering a picture of the different organizational settings they adopt in their endeavour to cope with increasing competitive pressure. The book addresses critical theoretical issues surrounding corporate governance, organizational design and cooperative relations among firms. Moreover, it provides new evidence on the various forms of outsourcing that are playing an increasingly important role as a consequence of globalization. The contributions collected in this book stress the emergence of a trend towards a reorganization of production that can enhance the transmission, development and maintenance of knowledge in order to sustain long-run competitive advantage. Providing original and pertinent empirical evidence, this book will attract interest from scholars and postgraduate students studying the economics and organization of the firm. It will also be of value to managers who wish to understand new developments in the organizational settings of business firms with particular reference to corporate governance, organizational design, cooperative relations, outsourcing and de-localization.
Author: N. Gregory Mankiw
Publisher: Macmillan
ISBN: 9780716759287
Category : Business & Economics
Languages : en
Pages : 642
Get Book Here
Book Description
The #1 bestselling intermediate macroeconomics book, Mankiw's masterful text covers the field as accessibly and concisely as possible, in a way that emphasizes the relevance of both macroeconomics's classical roots and its current practice. Featuring the latest data, new case studies, and a number of significant content updates, the new Sixth Edition takes the Mankiw legacy even further.
Author: Ralph L. Kliem
Publisher: CRC Press
ISBN: 1482251833
Category : Business & Economics
Languages : en
Pages : 216
Get Book Here
Book Description
Lean is a set of disciplines that can result in tremendous savings and profitability for companies. It can significantly reduce cycle times and increase customer satisfaction. Lean, however, must be applied efficiently and effectively to achieve optimum results. This book discusses project management concepts, tools, and techniques as they apply to
Author: Onno de Beaufort Wijnholds
Publisher: Springer
ISBN: 1137471360
Category : Business & Economics
Languages : en
Pages : 303
Get Book Here
Book Description
The book examines the problems that Nixon faced during his presidential term, focusing on economics but the role of politics is also highlighted. The convergence of the gold-dollar crises, oil crises and Watergate imbroglio posed a unique political and economic threat to global stability.
Author: Mr.Douglas Laxton
Publisher: International Monetary Fund
ISBN: 1455201464
Category : Business & Economics
Languages : en
Pages : 35
Get Book Here
Book Description
The paper evaluates the costs and benefits of fiscal consolidation using simulations based on the IMFs global DSGE model GIMF. Over the longer run, well-targeted permanent reductions in budget deficits lead to a considerable increase in both the growth rate and the level of output. The gains may be enhanced by shifting some of the tax burden from incomes to consumption. In the short run, credibility plays a crucial role in determining the size of initial output loses. Global current account imbalances would be significantly reduced if budget consolidation was larger in countries with current account deficits.
Author: Alan M. Jacobs
Publisher: Cambridge University Press
ISBN: 1139496115
Category : Political Science
Languages : en
Pages : 323
Get Book Here
Book Description
In Governing for the Long Term, Alan M. Jacobs investigates the conditions under which elected governments invest in long-term social benefits at short-term social cost. Jacobs contends that, along the path to adoption, investment-oriented policies must surmount three distinct hurdles to future-oriented state action: a problem of electoral risk, rooted in the scarcity of voter attention; a problem of prediction, deriving from the complexity of long-term policy effects; and a problem of institutional capacity, arising from interest groups' preferences for distributive gains over intertemporal bargains. Testing this argument through a four-country historical analysis of pension policymaking, the book illuminates crucial differences between the causal logics of distributive and intertemporal politics and makes a case for bringing trade-offs over time to the center of the study of policymaking.
