Exchange and Interest Rate Channels During a Deflationary Era
| Author | : Aaron Mehrotra |
| Publisher | : |
| Total Pages | : 64 |
| Release | : 2005 |
| Genre | : Deflation (Finance) |
| ISBN | : |
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The Political Economy Of Exchange Rate Regimesevidence From Hong Kong And Taiwan
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The Emergence of ETFs in Asia-Pacific
| Author | : Adam Marszk |
| Publisher | : Springer |
| Total Pages | : 231 |
| Release | : 2019-03-28 |
| Genre | : Business & Economics |
| ISBN | : 3030127524 |
This book is dedicated to examining Exchange-Traded Funds (ETFs) market in the Asia-Pacific region between 2004 and 2017. It offers a broad examination of the attributes and development of the ETF markets. The book presents a new approach to ETF markets modeling that uses innovation diffusion model. In addition, it explores the empirical links between ETFs and Information and Communication Technologies (ICTs). The book also compares ETFs and competing investment options. This book should appeal to both academics and practitioners as it includes detailed descriptions of the ETF markets and prepared projections regarding their future development. As the Asia-Pacific region plays a significant role in the global economy, this book should be useful for international readers beyond this area. The Emergence of ETFs in Asia-Pacific begins with an overview of the Asia-Pacific economies, focusing on their importance for the global economy and their features. Next, the book introduces an analytical framework. It explains major features of ETFs (such as their creation, distribution, and trading) and key categories, which facilitates profound understanding of the book merit even for readers with little knowledge about ETFs. The following chapter explores the role of ICTs in economy and society identifying channels of their impact on financial markets. It discusses how ICTs foster dynamic spread of financial innovations (including ETFs) across financial markets. Next, the book examines the ETF market's development in different countries in the Asia-Pacific region, by analyzing their level of development in terms of turnover. In this part it also provides brief characteristics of all markets, including their structures and categories of ETFs in various countries. Consecutive part of the book is dedicated to reports on the process of ICTs growing penetration across Asia-Pacific countries, showing the changes observed during recent years. It then continues the empirical analysis of the ETF markets in the Asia-Pacific region by attempting to trace the links between the development of ETF markets and ICT penetration during the period 2004-2017. As complementary material, a methodological annex is included showing major analytical techniques used throughout the research.
Incentives to Pander
| Author | : Nathan M. Jensen |
| Publisher | : Cambridge University Press |
| Total Pages | : 271 |
| Release | : 2018-03-15 |
| Genre | : Political Science |
| ISBN | : 1108311423 |
Policies targeting individual companies for economic development incentives, such as tax holidays and abatements, are generally seen as inefficient, economically costly, and distortionary. Despite this evidence, politicians still choose to use these policies to claim credit for attracting investment. Thus, while fiscal incentives are economically inefficient, they pose an effective pandering strategy for politicians. Using original surveys of voters in the United States, Canada and the United Kingdom, as well as data on incentive use by politicians in the US, Vietnam and Russia, this book provides compelling evidence for the use of fiscal incentives for political gain and shows how such pandering appears to be associated with growing economic inequality. As national and subnational governments surrender valuable tax revenue to attract businesses in the vain hope of long-term economic growth, they are left with fiscal shortfalls that have been filled through regressive sales taxes, police fines and penalties, and cuts to public education.
Rural Financial Markets in Developing Countries
| Author | : Von Pischke, J. D. |
| Publisher | : Johns Hopkins University Press |
| Total Pages | : 464 |
| Release | : 1983 |
| Genre | : Business & Economics |
| ISBN | : |
Until recently the use of agricultural credit as a developmental tool seemed clear and straightforward. Most concerned people believed that increases in the volume of cheap credit were necessary to boost agricultural production, and that the rural poor could be brought into the mainstream of development through supervised credit programs. It seemed that certain ideal types of rural credit institutions offered the promise of meeting farmers' credit needs, and that experience in the industrialized countries with cooperatives and specialized agricultural finance institutions could be effectively transplanted to low-income countries. This collection of readings highlights facets of rural financial markets that have often been neglected in discussions of agricultural credit in developing countries. It moves beyond a narrow concern with the simple provision of credit to a broad consideration of the performance of rural financial markets and of ways to improve the quality and range of financial services for low-income farmers. It reflects new thinking on the design, administration, evaluation and policy framework of rural finance and credit programs in developing countries.
Handbook of Social Policy Evaluation
| Author | : Bent Greve |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 574 |
| Release | : 2017-03-31 |
| Genre | : Social policy |
| ISBN | : 1785363247 |
This Handbook uses methodologies and cases to discover how and when to evaluate social policy, and looks at the possible impacts of evaluation on social policy decisions. The contributors present a detailed analysis on how to conduct social policy evaluation, how to be aware of pitfalls and dilemmas and how to use evidence effectively.
Unemployment Fluctuations and Stabilization Policies
| Author | : Jordi Gali |
| Publisher | : MIT Press |
| Total Pages | : 119 |
| Release | : 2024-12-10 |
| Genre | : Business & Economics |
| ISBN | : 0262553821 |
A new approach for introducing unemployment into the New Keynesian framework. The past fifteen years have witnessed the rise of the New Keynesian model as a framework of reference for the analysis of fluctuations and stabilization policies. That framework, which combines the rigor and internal consistency of dynamic general equilibrium models with such typically Keynesian assumptions as monopolistic competition and nominal rigidities, makes possible a meaningful, welfare-based analysis of the effects of monetary policy rules. But the conspicuous absence of unemployment from the standard New Keynesian model has given rise to both criticism and attempts to rectify this anomaly. In this book, Jordi Galí, one of the major contributors to the New Keynesian literature, offers a new approach to introducing unemployment into that framework. Galí's approach involves a reinterpretation of the labor market in the standard New Keynesian model with staggered wage setting (rather than a modification or extension of the model, as has been proposed by others). The resulting framework preserves the convenience of the representative household paradigm and allows one to determine the equilibrium levels of employment, the labor force, and hence the unemployment rate conditional on the monetary policy in place. Galí develops the basic model, embedding it in a standard New Keynesian framework with staggered price and wage setting; revisits the relationship between economic fluctuations and efficiency through the lens of the new model, developing a measure of the output gap; and analyzes the relation between unemployment and the design of monetary policy.
The Buddha's Wizards
| Author | : Thomas Nathan Patton |
| Publisher | : Columbia University Press |
| Total Pages | : 207 |
| Release | : 2018-10-16 |
| Genre | : Religion |
| ISBN | : 0231547374 |
Wizards with magical powers to heal the sick, possess the bodies of their followers, and defend their tradition against outside threats are far from the typical picture of Buddhism. Yet belief in wizard-saints who protect their devotees and intervene in the world is widespread among Burmese Buddhists. The Buddha’s Wizards is a historically informed ethnographic study that explores the supernatural landscape of Buddhism in Myanmar to explain the persistence of wizardry as a form of lived religion in the modern era. Thomas Nathan Patton explains the world of wizards, spells, and supernatural powers in terms of both the broader social, political, and religious context and the intimate roles that wizards play in people’s everyday lives. He draws on affect theory, material and visual culture, long-term participant observation, and the testimonies of the devout to show how devotees perceive the protective power of wizard-saints. Patton considers beliefs and practices associated with wizards to be forms of defending Buddhist traditions from colonial and state power and culturally sanctioned responses to restrictive gender roles. The book also offers a new lens on the political struggles and social transformations that have taken place in Myanmar in recent years. Featuring close attention to the voices of individual wizard devotees and the wizards themselves, The Buddha’s Wizards provides a striking new look at a little-known aspect of Buddhist belief that helps expand our ways of thinking about the daily experience of lived religious practices.
How Does Foreign Direct Investment Affect Economic Growth
| Author | : Mr.Eduardo Borensztein |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 1994-09-01 |
| Genre | : Business & Economics |
| ISBN | : 1451853270 |
We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. Our results suggest that FDI is an important vehicle for the transfer of technology, contributing relatively more to growth than domestic investment. However, the higher productivity of FDI holds only when the host country has a minimum threshold stock of human capital. In addition, FDI has the effect of increasing total investment in the economy more than one for one, which suggests the predominance of complementarity effects with domestic firms.
Global Cities and Climate Change
| Author | : Taedong Lee |
| Publisher | : Routledge |
| Total Pages | : 276 |
| Release | : 2014-08-21 |
| Genre | : Political Science |
| ISBN | : 1317815599 |
Cities have led the way to combat climate change by planning and implementing climate mitigation and adaptation policies. These local efforts go beyond national boundaries. Cities are forming transnational networks to enhance their understandings and practices for climate policies. In contrast to national governments that have numerous obstacles to cope with global climate change in the international and national level, cities have become significant international actors in the field of international relations and environmental governance. Global Cities and Climate Change examines the translocal relations of cities that have made an international effort to collectively tackle climate change. Compared to state-centric terms, international or trans-national relations, trans-local relations look at policies, politics, and interactions of local governments in the globalized world. Using multi-methods such as multi-level analysis, comparative case studies, regression analysis and network analysis, Taedong Lee illustrates why some cities participated in transnational climate networks for cities; under what conditions cities internationally cooperate with other cities, with which cities; and which factors influence climate policy performance. An essential read to all those who wish to understand the driving factors for local governments’ engagement in global climate governance from a theoretical as well as practical point of view. Lee makes a valuable contribution to the fields of international relations, environmental policies, and urban studies.
