Financial Stability, Economic Growth, and the Role of Law

Financial Stability, Economic Growth, and the Role of Law PDF Author: Douglas W. Arner
Publisher: Cambridge University Press
ISBN: 113946454X
Category : Law
Languages : en
Pages : 331

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Book Description
Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries, and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of both the international financial architecture and individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role.

Financial Stability, Economic Growth, and the Role of Law

Financial Stability, Economic Growth, and the Role of Law PDF Author: Douglas W. Arner
Publisher: Cambridge University Press
ISBN: 113946454X
Category : Law
Languages : en
Pages : 331

Get Book Here

Book Description
Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries, and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of both the international financial architecture and individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role.

Stability with Growth

Stability with Growth PDF Author: Joseph Stiglitz
Publisher: OUP Oxford
ISBN: 019153711X
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
There is growing dissatisfaction with the economic policies advocated by the IMF and other international financial institutions - policies that have often resulted in stagnating growth, crises, and recessions for client countries. This book presents an alternative to "Washington Consensus" neo-liberal economic policies by showing that both macro-economic and liberalization policy must be sensitive to the particular circumstances of developing countries. One-size-fits-all policy prescriptions are likely to fail given the vast differences between countries. This book discusses how alternative approaches to economic policy can better serve developing countries both in ordinary times and in times of crisis.

Prosperity and Depression

Prosperity and Depression PDF Author: Gottfried Haberler
Publisher: Ludwig von Mises Institute
ISBN: 1610163540
Category : Business cycles
Languages : en
Pages : 558

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Book Description


The Political Dimension of Economic Growth

The Political Dimension of Economic Growth PDF Author: Silvio Borner
Publisher: Springer
ISBN: 1349262846
Category : Political Science
Languages : en
Pages : 403

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Book Description
The state and its institutions are crucial for economic development: for better and for worse. This insight informs this important, up-to-date and authoritative survey of new trends in growth economics and the widely divergent economic performance of developing countries - for example, between Latin America and South-east Asia - which seemed to be similarly placed just a generation ago. The decisive role of the political dimension in economic growth seems clear but there are many challenges to be met in getting an analytical handle on the precise determinants and in testing empirically for this. This is the challenge taken up by the international team of contributors.

The Stability and Growth Pact

The Stability and Growth Pact PDF Author: A. Brunila
Publisher: Springer
ISBN: 0230629261
Category : Business & Economics
Languages : en
Pages : 446

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Book Description
The Stability and Growth Pact (SGP) encompasses the legislative text and political resolutions regulating fiscal policy and public finances in EMU. The contributions in this volume analyse the institutional, legal, theoretical and empirical aspects of the SGP, examine its development and evaluate its main implications. The authors include academic economists, who provide insightful analysis, and policy makers who have contributed to the shaping of the pact and have a direct responsibility for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.

The Limits to Growth

The Limits to Growth PDF Author: Donella H. Meadows
Publisher: Universe Pub
ISBN: 9780876632222
Category : Economic development.
Languages : en
Pages : 0

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Book Description
Examines the factors which limit human economic and population growth and outlines the steps necessary for achieving a balance between population and production. Bibliogs

The Growth of Political Stability in England 1675–1725

The Growth of Political Stability in England 1675–1725 PDF Author: J H Plumb
Publisher: Springer
ISBN: 1349035408
Category : History
Languages : en
Pages : 222

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Book Description


Fiscal Adjustment for Stability and Growth

Fiscal Adjustment for Stability and Growth PDF Author: Mr.James Daniel
Publisher: International Monetary Fund
ISBN: 9781589065130
Category : Business & Economics
Languages : en
Pages : 80

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Book Description
The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.

Inflation Stabilization

Inflation Stabilization PDF Author: World Institute for Development Economics Research
Publisher: MIT Press
ISBN: 9780262022798
Category : Business & Economics
Languages : en
Pages : 452

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Book Description
Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia, Brazil, and Israel in 1985-86, and discusses the possibility of such a program in Mexico. It documents the initial steps in stabilization as well as the reasons for failure.As architects of the programs, several of the authors are in key positions to assess which aspects were critical in getting the programs accepted and where to look for difficulties and failures. In Israel, inflation was halted without recession. The challenge to policy makers today is in shifting from stabilization to the revival of sustained growth. This experience is described fully by Michael Bruno and Sylvia Piterman, who examine the critical issue of exchange rates, and by Alex Cukierman, who uses modeling to analyze the interaction of money, wages, prices, and activity under rational expectations that take the government's policy objectives into account.Endemic inflation and a sudden increase in external debt burden Argentina's economy, raising the wider issues of high inflation economies and stabilization that are discussed in the chapter by José Luis Machinea and that by Guido Di Tella and Alfredo Canavese.Eduardo Modiano and Mario Simonsen take up issues of wages in Brazil, particularly the problem of finding an equitable way to deal with a wage freeze; Simonsen develops an ambitious game theoretic rationalization of incomes policy as a coordinating device for imperfectly competitive economies. Bolivia did reach hyperinflation (price increases of more than 50 percent each month) before stabilizing. Juan Antonio Morales shows how stabilizing the exchange rate, in an economy where all pricing was already geared to the dollar, achieved stabilization without a wage or price freeze. And Francisco Gil Diaz asks whether an incomes-policy based program could work to control ever increasing inflation in Mexico.

The Case Against Capital Controls for Balance of Payments Reasons

The Case Against Capital Controls for Balance of Payments Reasons PDF Author: Gottfried Haberler
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 30

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Book Description