Author: Mr.Sergio L. Schmukler
Publisher: International Monetary Fund
ISBN: 1451845286
Category : Business & Economics
Languages : en
Pages : 61
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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: Marika Santoro
Publisher: International Monetary Fund
ISBN: 1513537636
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
In this paper, I study the potential economic impact of the 2015-18 structural reform agenda in Chile, using the IMF dynamic general equilibrium model (GIMF). I find that the agenda has the potential to significantly increase Chile’s long-run GDP, although it may have some negative effects in the short term. Ensuring a smooth transition to a higher productive potential depends on three key dimensions: the credibility of the reforms, their effectiveness in closing structural gaps, and their speed of implementation. Badly designed reforms that remove only a very small fraction of the existing structural gaps, at a slow speed, and with little credibility, can greatly reduce the positive impact of the reform agenda on GDP.
Author: Bill Pierce
Publisher: Rodale
ISBN: 1609618025
Category : Sports & Recreation
Languages : en
Pages : 322
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Book Description
Advises on how to run faster by running less, providing a variety of training programs tailored to qualifying times for the Boston Marathon and an overview of the 3PLUS2 program aimed at improving endurance.
Author: Dawn Dahlby
Publisher: Greenleaf Book Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 222
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Book Description
You deserve a healthy relationship with your wealth. What does it mean to be truly wealthy? It's not about just having money in the bank. It's about living a "WELLthy life," where you create your own unique balance between earning and spending, saving and giving, work and play. A wealth-building plan for a WELLthy life supports a meaning-filled lifestyle aligned with your purpose, happiness, and self-worth. In Live WELLthy, Dawn Dahlby encourages you to build a roadmap for your own WELLthy life by providing helpful insights, examples from her practice and her own life, and useful prompts and exercises. You will come away from Live WELLthy inspired and ready to live your best life, a WELLthy life. Dawn Dahlby is a CERTIFIED FINANCIAL PLANNERTM with over 20 years of experience, the country’s first Behavioral Financial Advisor, the founder and president of multi-million-dollar advisory firm Relevé Financial Group, and the creator of the Live WELLthy™ education and financial planning platform, a proprietary process that helps people identify what they want out of life and gives them proven tools to build wealth to help them get there.
Author: Freek Vermeulen
Publisher: Harvard Business Press
ISBN: 1633696839
Category : Business & Economics
Languages : en
Pages : 178
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Book Description
Could some "best practices" be...bad? Have you ever wondered why most newspapers are so large? Or why management consultants work such long hours? Or why hotels still insist on having check-in desks? Ask anyone in these industries, and their answer will be the same: "That’s the way we’ve always done it." "Best practices" may be widespread, but that doesn't mean they're effective. In many instances the opposite is true: best practices can be outdated, harmful, and a hindrance to innovation. These bad practices are all too common in organizations, and managers and executives can be blind to their pernicious effects. Since they've worked in the past, or have been adopted with success by other firms, their purpose or effectiveness is rarely questioned. As a consequence, these practices spread and persist. In Breaking Bad Habits, Freek Vermeulen, a strategist with a keen eye for the absurd, offers the tools to identify these practices and rid them from your organization. And, most of all, he presents a compelling case for how eliminating popular but outworn ideas, processes, and strategies can create new opportunities for innovation and growth. Brimming with examples of norm-defying organizations in an eclectic range of industries--including IVF clinics, hotels, newspapers, and a famous London theater--Breaking Bad Habits will make you rethink your long-held beliefs about industry norms while encouraging you to reinvigorate your business by breaking out of the status quo.
Author: Faruk Ulgen
Publisher: Taylor & Francis
ISBN: 1317301633
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over economic decisions and policies since the 1980s laid down the conditions of the development process of emerging market economies. Numerous crises experienced thereafter gave rise to flourishing work on the links between financialization and economic development. Several decades of observations and lessons can now be integrated into economic and econometric models to give more sophisticated and multivariable approaches to financial development with respect to growth and development issues. In the markets-based and private-enterprise dominated world economy, two conditions for a successful growth-enhancing financial evolution can at least be brought fore: macroeconomic stability and consistent supervision. But even after the 2007-2008 global crisis, economists do not agree on the meaning of those conditions. For liberal and equilibrium-market economists, good finance and supervision mean market-friendly structures while for institutionalists, post-Keynesian and Marxist economists, good finance and supervision must lie in collectively designed and managed public structures. Drawing heavily on the tumultuous crises of the 1990s-2000s, this book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.
Author: Marvin Zonis
Publisher: Agate Publishing
ISBN: 1932841598
Category : Business & Economics
Languages : en
Pages : 386
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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: Carl Davidson
Publisher: Princeton University Press
ISBN: 0691125597
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
While most standard economic models of international trade assume full employment, Carl Davidson and Steven Matusz have argued over the past two decades that this reliance on full-employment modeling is misleading and ill-equipped to tackle many important trade-related questions. This book brings together the authors' pioneering work in creating models that more accurately reflect the real-world connections between international trade and labor markets. The material collected here presents the theoretical and empirical foundations of equilibrium unemployment modeling, which the authors and their collaborators developed to give researchers and policymakers a more realistic picture of how international trade affects labor markets, and of how transnational differences in labor markets affect international trade. They address the shortcomings of standard models, describe the empirics that underlie equilibrium unemployment models, and illustrate how these new models can yield vital insights into the relationship between international trade and employment. This volume also includes an indispensable general introduction as well as concise section introductions that put the authors' work in context and reveal the thinking behind their ideas. Economists are only now realizing just how important these ideas are, making this book essential reading for researchers and students.
Author: William Scarth
Publisher: Edward Elgar Publishing
ISBN: 1781953899
Category : Business & Economics
Languages : en
Pages : 337
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Book Description
øThis important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics _ New Classical and Keynesian _ and examines the work of economists who have drawn on principles from both traditions to form a new, integr
Author: John Loxley
Publisher: Routledge
ISBN: 0429712197
Category : Social Science
Languages : en
Pages : 217
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Book Description
One of the most important and controversial challenges feeing the international financial and trading system is the need for developing countries to meet their high and rapidly growing external debt obligations and foreign exchange requirements. Developing countries have suffered major shocks in the form of global recession, high real interest rates, weakened terms of trade, and rising protectionism against their exports. The International Monetary Fund, the World Bank, Western central banks, and private financial institutions are seeking to avoid a collapse of the international financial system, and developing countries are seeking to grow through increased trade and access to external financing. Yet the fragility of current international trade and monetary systems seriously threatens the achievement of both sets of objectives. Professor Loxley integrates the structural adjustment experience of Third World countries with the policies, practices, and relationships of external financial agents in his discussion of options for reforming policy and of the limitations inherent in implementing these reforms.
