International economics Books
Emerald Publishing Limited Quantitative Analysis of Social and Financial
Book SynopsisThis 30th volume of the International Symposia in Economic Theory and Econometrics explores the latest social and financial developments across Asian markets. Chapters cover a range of topics such as the impact of COVID-19 related events in Southeast Asia along the determinants of capital structure before and during the pandemic; the influence of new distribution concepts on macro and micro economic levels; as well as the effects of long-term cross-currency basis swaps on government bonds. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as real earnings impact and the effects of public policy. Together, Quantitative Analysis of Social and Financial Market Development is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.Table of ContentsChapter 1. Effect of Related Party Transaction and Political Connection on Real Earnings Management: Study on Manufacturing Companies Listed in Indonesia Stock Exchange; Agustin Palupi and Lusia Tania Aurelia Chapter 2. Exchange Rate Volatility and Tourist Arrivals from ASEAN to Malaysia; Eliza Nor, Tajul Ariffin Masron, and Hu Xiang Chapter 3. The Impact of Long-Term Cross-Currency Basis Swap on Japanese Government Bonds: Analysis of Different Non-traditional Monetary Policy Regimes ; Takayasu Ito Chapter 4. The Impact of COVID-19-Related Events on Indonesian Composite and Sectoral Index; Muhammad Hasan Ghazali and Taufik Faturohman Chapter 5. Customer Satisfaction of E-Wallet User: An Adoption of Information System Success Model; Fariq Rahadiyan Chalik and Taufik Faturohman Chapter 6. Stable Financial Performance as the Antecedent of ESG Activity and Firm Value Relationship: An Evidence from Indonesia; Yavida Nurim, Nung Harjanto, Paulina I. Prabawati, and Nur R. Wijaya Chapter 7. An Initial Study of Knowledge Sharing Policies in Higher Education; Lina Anatan Chapter 8. An Empirical Analysis of Firm-specific Determinants of Capital Structure Before and During COVID-19 Pandemic: Evidence from Listed Hotels, Restaurants, and Tourism Entities on the Indonesia Stock Exchange; Taufik Faturohman and Rashifa Qanita Noviandy Chapter 9. Modern Concepts of Distribution of Knowledge and Their Influence on the Process of Diffusion of Innovations on Macro and Micro Levels of Economy; Mikhailov Fedor Borisovich, Miasnikov Dmitrii Alekseevich, and Fakhrutdinov Bulat Ildarovich Chapter 10. Are Unhappy People More Likely to Be Religious? Evidence from Chinese Rural Elderly; Liying Xia, Jianbo Zhang, and Xuelin Ma
£73.99
Edward Elgar Publishing Ltd Central Banks and Supervisory Architecture in
Book SynopsisCOVID-19 and other recent crises have proved the need to review the state-of-play and implement robust institutional frameworks in the complex, heterogenous and decentralised European supervisory architecture. This insightful book outlines what can be done to innovate the current set-up in the face of pressing issues such as climate change, BigTech and crypto assets.Revisiting the debate on financial sector oversight in Europe, a range of highly acclaimed international academics and influential policymakers discuss the scope of institutional arrangements. Chapters examine how the architecture of European financial supervision currently works, analysing the trends in banking supervision design and the influence that recent financial and economic crises have exerted. Providing a rare insight into the role that central banks play in the supervisory set-up, their accountability and democratic legitimacy, the book also considers the ways that macro- and micro-prudential and monetary policies interact. Gleaning lessons from the FinTech revolution and the COVID-19 crisis, the book ultimately concludes by seeking a path for optimal architecture for European financial supervision.With invaluable industry insights, this cutting-edge book will prove vital to academics in the field of financial economics and financial regulation, alongside policymakers looking to transform their current supervisory architecture.Trade Review‘This volume provides a comprehensive and indispensable opportunity to take stock of the achievements and challenges of European banking supervision after the momentous reforms of the early 2010s, and on the related debates about financial supervisory architecture. While the complexity may at times appear dizzying, it is an important story whose policy lessons have relevance well beyond the boundaries of the euro area and European Union.’ -- Nicolas Véron, Bruegel, Belgium and the Peterson Institute for International Economics, USTable of ContentsContents: 1 Introduction to Central Banks and Supervisory Architecture in Europe 1 Robert Holzmann and Fernando Restoy PART I TRENDS IN EUROPEAN BANKING SUPERVISION DESIGN 2 The puzzle of Europe’s banking union: progress and missing pieces 14 Thorsten Beck 3 Supervisory architecture in the EU: where should we go from here? 21 Fernando Restoy 4 The architecture of supervision and prudential policy 34 Angela Maddaloni and Alessandro Scopelliti 5 Trends in European banking supervision design: is there a path to an optimal architecture for financial supervision in the EU? 49 Luís Silva Morais PART II THE ROLE OF CENTRAL BANKS (I): ASPECTS OF MONETARY AND MACROPRUDENTIAL POLICY INTERACTION 6 Can macroprudential tools ensure financial stability? 62 Anne Epaulard 7 The interaction of monetary and financial tasks in different central bank structures 71 Aerdt Houben, Jan Kakes and Annelie Petersen 8 Monetary and macroprudential policies: a troubled marriage 83 Phurichai Rungcharoenkitkul 9 The architecture of macroprudential policy: delegation and coordination 96 Charles Bean 10 Governance of financial sector policies in an era of climate change 108 Daniel C. Hardy PART III THE ROLE OF CENTRAL BANKS (II): MICROPRUDENTIAL SUPERVISION AND FINANCIAL STABILITY 11 Entrusting central banks with microprudential supervision: implications for financial stability 122 Anca Maria Podpiera 12 Is this time different? Synergies between ECB’s tasks 135 Karin Hobelsberger, Christoffer Kok and Francesco Paolo Mongelli 13 Money, supervision, and financial stability: a money-credit constitution entrusted to independent but constrained central banks 156 Paul Tucker 14 Politicians, central banks and macroprudential supervision 170 Donato Masciandaro PART IV THE FINTECH REVOLUTION: IMPLICATIONS FOR OPTIMAL SUPERVISORY ARCHITECTURE 15 Regulating and supervising BigTech in finance 181 José Manuel González-Páramo 16 The emerging autonomy–stability choice for stablecoins 194 Maarten R. C. van Oordt PART V LESSONS FROM THE COVID-19 CRISIS FOR THE OPTIMAL SUPERVISORY ARCHITECTURE 17 Some lessons from COVID-19 for the EU financial framework 206 Ignazio Angeloni 18 Central banks as emergency actors: implications for governance arrangements 218 David Archer Index
£94.05
Emerald Publishing Limited Current Problems of the World Economy and
Book SynopsisVolume 42 of Research in Economic Anthropology focuses on systemic coverage, critical rethinking, and scientific analysis of the current problems facing the world economy and international trade aiming to provide a scientific basis for learning from the COVID-19 pandemic for the global economy and international trade. Current Problems of the World Economy and International Trade begins by reflecting the impact of the COVID-19 pandemic and the ensuing crisis for the global economy and international trade. The volume then reveals the prospects for the post-pandemic recovery of the world economy and the crisis management of international trade. Throughout, there are case studies from various countries, in particular the experience of China, Pakistan, Russia, Spain, Germany, Turkey, Kazakhstan, Kyrgyzstan, India, and the OECD. Current Problems of the World Economy and International Trade reveals the determinants of competitiveness and drivers of economic growth of individual countries provides useful applied advice on post-crisis recovery and the development of the world economy and international trade in the post-pandemic period.Table of ContentsPart I. Impact of the COVID-19 pandemic and crisis on the global economy and international trade Paper 1. International Trade In The Era Of Neo-Globalization: Disintegration Vs Digital Partnership; Elena G. Popkova Paper 2. China’s Position In The Global Automotive Production And Exports, 2018-2020; Natalia A. Volgina and Yuanlong Wang Paper 3. Impact Of Covid-19 Pandemic On China-Pakistan Economic Relations Under Belt And Road Initiative; Irina N. Belova, Elena A. Egorycheva, and Filipp D. Belov Paper 4. The Influence Of Establishing Free Trade Zone On Sino-Russian Agricultural Cooperation-Taking Heilongjiang Free Trade Zone As An Example; Irina N. Belova, Yining Cheng, and Xizhe Wang Paper 5. Impact Of The Covid-19 Pandemic On The Electronic Industry In Russia; Galina V. Gavlovskaya and Azat N. Khakimov Paper 6. Comparative Analysis Of The Economic Crisis At The Beginning Of XX Centuty And XXI Century In Russia And Spain; Sergei B. Zainullin, Oscar Alvarez-Gila, Olga A. Zainullin, and Mikel Gómez-Gastiasoro Paper 7. The Effects On Globalization: A Comparative Analysis For German And Turkish Economy; Diana M. Madiyarova, Eylul S. Kosel, and Nurselen Tamer Paper 8. Study Of The Impact Of Non-Tariff Measures Of Russia, Kazakhstan And Kyrgyzstan On The Import Of Goods In Mutual Trade With The EAEU Member Countries; Diana M. Madiyarova and Maxim V. Terletskiy Paper 9. Actual Problems Of Illegal Mining In Peru: Prospects And Challenges; Irina V. Karzanova and Sandra Diana Aliaga Cordova Paper 10. Belt And Road Initiative And China’s Economic Challenges; Liudmila V. Shkvarya and Hailing Yu Paper 11. Socio-Economic Impact Of The Covid-19 Pandemic On OECD Countries; Evgeniya K. Karpunina, Larisa V. Moskovtceva, Olga V. Zabelina, Natalia N. Zubareva, and Anna V. Tsykora Paper 12. “New Normal”: Example Of India; Yulia A. Konovalova Part II. Prospects for post-pandemic recovery of the world economy and crisis management of international trade Paper 13. Covid 19 And Global Economic Outlook; Maria V. Petrovskaya, Vladimir Z. Chaplyuk, Raju Mohammad Kamrul Alam, Md. Nazmul Hossain, and Ahmad S. Al Humssi Paper 14. EAEU Balancing Hydropower Capacity Issues In Terms Of Global Pandemic Consequences; Inna V. Andronova, Vladislav V. Kuzmin,and David Celetti Paper 15. Forming The New Industrial Core Of Russian Industry: Problems And Perspectives; Olga V. Brizhak and Oleg N. Tolstobokov Paper 16. EAEU And BRICS: State And Prospects Of Cooperation; Saadat M. Assanseitova, Erlan K. Abil, and Saida A. Makhatova Paper 17. Drivers Of E-Learning Market: Case Of China; Khanifa V. Tyrkba, Ravil R. Asmyatullin, and Elizaveta I. Ruzina Paper 18. The Global Industrial Robotics Market: Development Trends And Volume Forecast; Marina S. Reshetnikova and Irina A. Pugacheva Paper 19. Monetary Policy Of The EAEU Countries: Instruments And Results Of Implementation; Zhanna G. Golodova and Pavel A. Smirnov Paper 20. Export Potential Of Small And Medium Enterprises Of Kazakhstan: Analysis Of Regional Opportunities; Diana M. Madiyarova and Aibol A. Argyngazinov Paper 21. Improving The Formation Of Financial Statements In Accordance With International Standards As The Most Important Instrument For International Economic Integration; Tatyana Y. Druzhilovskaya, Emilia S. Druzhilovskaya, Tatyana V. Stozharova, Evgeniya V. Vilkova, and Irina P. Denisova Paper 22. Sites Of States With A Dynamically Developing Socio-Political Structure And Economy: Analyzing Forms And Methods Of Obtaining Competitive Advantages Of Transnational (Global) Companies; Anastasia A. Sozinova and Olesya A. Meteleva
£83.99
Emerald Publishing Limited Indian Tourism: Diaspora Perspectives
Book SynopsisIndian Tourism brings together leading experts from all over the world to assess the challenges and opportunities of the tourism sector in India and its correlation to the country’s economic performance and prospects. Comparing current Indian tourism practices and performance with other global destinations enables a fascinating critical analysis of India's tourism sector in past and future national contexts. Establishing Indian Tourism in relation to global practices, as well as reviewing the research on the nation’s tourism industry, authors also examine tourism products and experiences in the Indian context, including wellness tourism, cultural tourism, rural tourism, and dark tourism. The work is concluded by charting the way forward for Indian tourism performance, examining issues including converging responsible tourism with SMART destinations, climate change and India, and making India a safe destination.Table of ContentsPart A: Introduction Chapter 1. Indian Tourism and Hospitality, the FTAs, Domestic Tourism, GDP and Tourism Promotion; Shaheed Khan and Freeda Maria Swarna M Chapter 2. Indian Tourism and the World; Toney K Thomas Chapter 3. Indian Tourism: A Review of Research on Indian Tourism and Hospitality; Pinaz Tiwari and Nimit Chowdhary Part B: Niche Tourism Products: Case Studies Chapter 4. Wellness Tourism Sector in India: A Critical Perspective; Bindiya Dutt Chapter 5. Gastronomic Tourism in India – A Transaction Cost Perspective; Amit Sharma Chapter 6. Role of Vlogs in Promoting Gastronomic Tourism in India Post COVID-19; Ankita Ghosh and Swathi Ravichandran Chapter 7. Urban Tourism in Mumbai: A Critical Analysis; Anya Deikmann Chapter 8. Rethinking Urban Heritage Tourism Practices in India: Critical Perspectives From Europe; Shraddha Bhatawadekar and Mrinal Pande Chapter 9. Acknowledging the Shades of Grey: The Past, Present and Future of Dark Tourism in India; Nitasha Sharma Chapter 10. Rural Tourism in India – A Perspective on the Role of Rural Middle Class in Engendering the Experience Economy; Gunjan Saxena Chapter 11. The Responsible Imperative for Incredible India: An Approach to Adopting Responsible Tourism as a National Policy; Suman Billa Part C: Contemporary Issues and the COVID-19 Pandemic Chapter 12. The ‘Smart’ Recalibration of Indian Tourism; Sowmya Venkat-Kishore Chapter 13. Tourism in India and the Impact of Weather and Climate; Anil Padhra Chapter 14. Making India a Safe Destination; Jung Ha Kim Chapter 15. Disaster, Pandemics and Tourism: Strategies for Local Economic Revival; Pooja Biswas Rambhakta and Ekta Chauhan Chapter 16. Revitalizing Indian Tourism: What Does India Need to Become a Top Tourism Destination? Lessons Learned From the COVID-19 Crisis; Jacques Bulchand-Gidumal
£70.29
Emerald Publishing Limited Advances in Pacific Basin Business, Economics and
Book SynopsisAdvances in Pacific Basin Business, Economics and Finance (APBBEF) is an annual series designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries. All articles published are reviewed and recommended by at least two members of the editorial board. Topics of interest include, but are not limited to, the following: 1. Policy and management on financial markets and financial institutions; 2. Options, futures, and other derivatives markets; 3. Corporate finance and investment decisions; 4. Insurance and risk management; 5. Accounting, auditing, and taxation; 6. Real esate econimics, finance and regulations; 7. Artificial intelligence and new technology in finance; 8. Monetary and foreign exchange policy; 9. Income, employment, and education; 10. Other economic policies among the Pacific Rim countries. APBBEF is indexed in ABI/INFORM, EconLit, EBSCO, ProQuest, ResearchGate, and Google Scholar. Manuscript submission: mtyu@nycu.edu.tw.Table of ContentsChapter 1. Distance Matters: Evidence from Firms’ Financial Misconduct; Haoyu Gao, Ruixiang Jiang, Wei Liu, Junbo Wang, and Chunchi Wu Chapter 2. Great Ratios and Inflation Targeting: Small Open versus Small Semi-Open Economies; Wen-Ya Chang, Hsueh-Fang Tsai, and Juin-Jen Chang Chapter 3. Disposition Effect and Contrarian/Momentum Behavior of Stock Traders; Hsiang-Hsi Liu, Pi-Hsia Hung, and Tzu-Hu Huang Chapter 4. Pricing Wastes for Financing Sustainable Circularity in Case of Data Deficiency: Mattress Recycling as an Example; Chih-Yu Ting, Chung-Huang Huang, and Allen H. Hu Chapter 5. Impacts of Macroeconomic News Announcements on Corporate Bond Market; Ruixiang Jiang, Bo Wang, Chunchi Wu, and Yue Zhang Chapter 6. Economic Policy Uncertainty, Bank Capital Adequacy, and Bank Profitability; Leese L. Mendy, Sheng-Yung Yang, and Wei-Zhong Shi Chapter 7. Impacts of Operational Risks and Corporate Governance on Corporate Bond Yield Spreads; Hui-Chu Shu, Jung-Hsien Chang, Chia-Fen Tsai, and Cheng-Wen Yang Chapter 8. Does the Spatial Mismatch between Land Supply and Demand Intensify the Spatial Divergence of Human Capital?; Jia Wang and Wei-Chiao Huang Chapter 9. Bank Systemic Risk in Southeast Asian Economies; Xiaodan Li, Edward M.H. Lin, and Min-Teh Yu Chapter 10. Does Directors and Officers Liability Insurance Matter for Stock-Price Synchronicity?; Bin-Hsien Lo, Lon-Fon Shieh, Yi-Cheng Shih, and Min-Der Hsieh Chapter 11. Board capital and corporate innovation; Anh Le and I-Ju Chen Chapter 12. Effect of the Tradeoff Between Compensation and Corporate Social Responsibility on Taiwanese Multinational Corporations; Jui-Chuan Della Chang, Zhi-Yuan Feng, Wen-Gine Wang, and Fang-Chi Tsao
£100.00
Emerald Publishing Limited Essays in Honour of Fabio Canova
Book SynopsisBoth parts of Volume 44 of Advances in Econometrics pay tribute to Fabio Canova for his major contributions to economics over the last four decades. Throughout his long and distinguished career, Canova’s research has achieved both a prolific publication record and provided stellar research to the profession. His colleagues, co-authors and PhD students wish to express their deep gratitude to Fabio for his intellectual leadership and guidance, whilst showcasing the extensive advances in knowledge and theory made available by Canova for professionals in the field. Advances in Econometrics publishes original scholarly econometrics papers with the intention of expanding the use of developed and emerging econometric techniques by disseminating ideas on the theory and practice of econometrics throughout the empirical economic, business and social science literature. Annual volume themes, selected by the Series Editors, are their interpretation of important new methods and techniques emerging in economics, statistics and the social sciences.Table of ContentsIntroduction; Juan J. Dolado, Luca Gambetti and Christian Matthes Chapter 1. Real-Time Real Economic Activity: Entering and Exiting the Pandemic Recession of 2020; Francis X. Diebold Chapter 2. State Correlation and Forecasting: A Bayesian Approach Using Unobserved Components Models; Luis Uzeda Chapter 3. On Identification Issues in Business-Cycle Accounting Models; Pedro Brinca, Nikolay Iskrev, and Francesca Loria Chapter 4. The Effect of News Shocks and Monetary Policy; Luca Gambetti, Christoph Görtz, Dimitris Korobilis, John D. Tsoukalas, and Francesco Zanetti Chapter 5. Statistical Identification of Economic Shocks by Signs in Structural Vector Autoregression; Markku Lanne and Jani Luoto Chapter 6. Skewed SVARs: Tracking the Structural Sources of Macroeconomic Tail Risks; Carlos Montes-Galdón and Eva Ortega
£72.99
Emerald Publishing Limited Essays in Honour of Fabio Canova
Book SynopsisBoth parts of Volume 44 of Advances in Econometrics pay tribute to Fabio Canova for his major contributions to economics over the last four decades. Throughout his long and distinguished career, Canova’s research has achieved both a prolific publication record and provided stellar research to the profession. His colleagues, co-authors and PhD students wish to express their deep gratitude to Fabio for his intellectual leadership and guidance, whilst showcasing the extensive advances in knowledge and theory made available by Canova for professionals in the field. Advances in Econometrics publishes original scholarly econometrics papers with the intention of expanding the use of developed and emerging econometric techniques by disseminating ideas on the theory and practice of econometrics throughout the empirical economic, business and social science literature. Annual volume themes, selected by the Series Editors, are their interpretation of important new methods and techniques emerging in economics, statistics and the social sciences.Table of ContentsChapter 1. Tests for Random Coefficient Variation in Vector Autoregressive Models; Dante Amengual, Gabriele Fiorentini, Gabriele, and Enrique Sentana Chapter 2. Monetary Policy across Space and Time; Laura Liu, Christian Matthes, and Katerina Petrova Chapter 3. Heterogeneous Switching in FAVAR Models; Pierre Guérin and Danilo Leiva-León Chapter 4. Business cycles in the EU: A Comprehensive Comparison across Methods; Dmitrij Celov and Mariarosaria Comunale. Chapter 5. Understanding International Interest Rates Co-movement; Michael Chin, Ferre De Graeve, Thomai Filippeli, and Konstantinos Theodoridis
£78.99
Edward Elgar Publishing Ltd China and the West
Book SynopsisThis volume presents thirteen chapters prepared by senior researchers and former policy makers on key policy issues confronting China and the West. They focus on the role of the state in economic development, trade issues and the part played by innovation, digitalization and leadership.In a challenging and rapidly changing world, the book aims to provide not only authoritative analyses and perspectives, but to stimulate further thinking and debates about the common future. Each chapter is in the form of a short policy brief.China and the West is aimed for policy makers, business leaders, academics and students.Trade Review'A timely and thought-provoking evaluation of the key policy dilemmas in China and the West. This edited volume, with contributions from leading academics, advances our understanding of topics as diverse as ''murky'' protection, sustainability, artificial intelligence, and local government evaluation.' -- Saul Estrin, London School of Economics, UKTable of ContentsContents: 1 Introduction 1 Jan Svejnar and Justin Yifu Lin PART I RECENT POLICIES AND PERFORMANCE 2 Path to prosperity: China’s transition to market economy in the last four decades 5 Justin Yifu Lin 3 China’s performance and prospects in the world economy 14 Jan Svejnar 4 The role of the state in economic growth 20 Jacob Lew 5 Reflections on the global financial crisis: a comparison of US and China policies 29 Frank Song 6 Policies for structural reform in China: domestic rebalancing for strong sustainable and inclusive growth within and beyond China 39 Ehtisham Ahmad, Isabella Neuweg, Nicholas Stern and Chunping Xie PART II TRADE, TENSIONS AND DIVISION OF LABOR 7 The potential for cooperation and competition in international trade: recent trade growth and driving factors – a perspective on current global trade tensions 60 Robert Koopman 8 Overview of China–US Economic Disputes in 2018 69 Feng Lu 9 The metabolic nature of changing world order 93 Ping Chen 10 India and China in the context of rising trade tensions in the global economy 112 Arvind Panagariya PART III DIGITALIZATION AND LEADERSHIP 11 The role of innovation and the digital economy: new opportunities and challenges for Chinese, US and European economic policy 120 Edmund Phelps 12 The digitalisation of Europe’s economy 125 Debora Revoltella, Philipp Brutscher and Tessa Bending 13 Prospects for China’s drive for innovation: From the perspective of demographics 135 Jianzhang Liang 14 Evaluation of local leaders in China 148 Chong-En Bai and Eric Maskin Index
£21.80
Edward Elgar Publishing Ltd Financialisation: Measurement, Driving Forces and
Book SynopsisThis timely book explores the measurement and consequences of financialisation, as well as its driving forces, to take a fresh look at reconciling the twin concepts of financialisation and financial development. Imad Moosa provides a critical review of these two separate strands – the individual measures of economic development and financialisation – on the grounds that they are inadequate to represent a multi-dimensional process.Introducing a new composite measure encompassing the means of payment and asset ownership as well as conventional indicators, Moosa expertly investigates the economic, political and social consequences of financialisation. Identifying the driving forces of financialisation, he concludes that there is a requirement to reverse the current trend using more than just legislation and regulation to secure a sound and stable economy. This innovative book will be a fascinating and informative read for academics and research students of financial economics, regulation and economic sociology. Policy makers and politicians engaged in financial regulation will find the suggested insights into achieving future financial stability thought-provoking.Trade Review‘People in the finance industry have long advocated the benefits of financialisation. However, the detrimental effects that the other productive sectors in an economy wither away are often overlooked. This book presents the ugly and detrimental consequences of financialisation – something that is rarely discussed in the financial world. For any person interested in finance, this book is essential reading.’ -- George Tawadros, Winona State University, US‘With the ongoing decline of neoliberalism and the massive economic inequality it has produced, this highly accessible book is absolutely timely. It is compulsory reading for policy makers and all those demanding more government control over the running of economies and a reduction in the burgeoning artificial practice of making money out of money.’ -- Greg Bailey, La Trobe University, Australia‘Imad A. Moosa comprehensively addresses the “financialisation” literature and financialisation in practice – its history, incidence, causes and effects, ranging over grand narrative to fine detail, commanding technical and discursive contributions, and the economic and the social. It is a compelling starting point for anyone concerned with the defining characteristic of our age.’ -- Ben Fine, SOAS, University of London, UKTable of ContentsContents: Preface 1. Conceptual issues and preliminary observations 2. Financial development: concept and measurement 3. The economic effects of financial development 4. From financial development to financialisation 5. The driving forces of financialisation 6. Financialisation, neoliberalism and globalisation 7. Financialisation, financial instability and financial crises 8. The economic effects of financialisation 9. The political and social effects of financialisation 10. Epilogue References Index
£90.00
Edward Elgar Publishing Ltd Financial Crises and Recession in the Global
Book SynopsisIn this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money and the real economy, Allen explains how key financial variables are driven more by psychological and social constructs than is commonly understood and discusses how monetary wealth transfers in the context of what he terms ‘US money mercantilism’ have favored the US dollar ‘core’ of the global system. Chapters go on to explore the continuing globalization of financial markets, including further innovations in information-processing technology, government deregulation, new uses and forms of money, and emerging financial products and markets. Allen elaborates on the political economy of financial crises and further advances his human ecology economics framework to help guide research and policymaking in the future. Explaining why large-scale financial instabilities occur and how they might be better managed and avoided, this thoroughly revised fifth edition will be an essential resource for students and scholars of international economics, macroeconomics, international finance, and international political economy. Its critical insights on how the international system continues to evolve will also help inform policymakers’ responses to financial crises.Table of ContentsContents: Preface Introduction to Financial Crises and Recession in the Global Economy 1 Financial globalization since the 1970s 2 Financial instabilities and trends in the 1980s 3 Financial instabilities and trends in the 1990s 4 The 2007– crisis, common patterns and new thinking 5 A human ecology economics (HEE) framework for the analysis of financial instability and capital accumulation 6 The 2020– pandemic and beyond: summary and conclusions References Index
£90.25
Edward Elgar Publishing Ltd Financial Crises and Recession in the Global
Book SynopsisIn this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money and the real economy, Allen explains how key financial variables are driven more by psychological and social constructs than is commonly understood and discusses how monetary wealth transfers in the context of what he terms ‘US money mercantilism’ have favored the US dollar ‘core’ of the global system. Chapters go on to explore the continuing globalization of financial markets, including further innovations in information-processing technology, government deregulation, new uses and forms of money, and emerging financial products and markets. Allen elaborates on the political economy of financial crises and further advances his human ecology economics framework to help guide research and policymaking in the future. Explaining why large-scale financial instabilities occur and how they might be better managed and avoided, this thoroughly revised fifth edition will be an essential resource for students and scholars of international economics, macroeconomics, international finance, and international political economy. Its critical insights on how the international system continues to evolve will also help inform policymakers’ responses to financial crises.Table of ContentsContents: Preface Introduction to Financial Crises and Recession in the Global Economy 1 Financial globalization since the 1970s 2 Financial instabilities and trends in the 1980s 3 Financial instabilities and trends in the 1990s 4 The 2007– crisis, common patterns and new thinking 5 A human ecology economics (HEE) framework for the analysis of financial instability and capital accumulation 6 The 2020– pandemic and beyond: summary and conclusions References Index
£27.50
Emerald Publishing Limited The Emerald Handbook on Cryptoassets: Investment
Book SynopsisBitcoin’s introduction as the first cryptoasset in 2009 ushered in a new era, generating much interest, excitement, and growth. A cryptoasset is a digital asset using blockchain technology to regulate the generation of new units and verify and secure transactions. Besides cryptocurrencies, other major cryptoassets are security tokens and utility tokens. Cryptoassets are attractive to investors because of potentially high returns and diversification benefits. However, investors entering this market face substantial challenges like the low quality of information, high price volatility, a lack of academically defensible valuation models, and regulatory uncertainty. This book spans the gamut from theoretical to practical while offering the right balance of detailed and user-friendly coverage. It consists of five parts: (1) the cryptoasset landscape, (2) types of cryptoassets, (3) cryptoassets as investment opportunities, (4) trading, reporting, and technical aspects, and (5) other cryptoasset issues. The book skillfully blends scholars' and practitioners' contributions into a single review of critical topics and issues about cryptoassets. The contributors' varied backgrounds ensure different perspectives and a rich interplay of ideas. The book reflects the latest research and offers a guide to understanding cryptoassets and their role in investment portfolios.Table of ContentsPart I. The Cryptoasset Landscape Chapter 1. Cryptoassts: An Overview; H. Kent Baker, Hugo Benedetti, Ehsan Nikbakht, and Sean Stein Smith Chapter 2. The Cryptoasset Auditing and Accounting Landscape; Sean Stein Smith Chapter 3. The Crypto Investing Landscape; John Ward Part II. Types of Cryptoassets Chapter 4. Cryptocurrencies; Lennart Ante Chapter 5. Security Tokens; Paul P. Momtaz Chapter 6. Utility Tokens; Hugo Benedetti, Luis A. Abarzúa, and Christian Caceres Chapter 7. Stablecoins; Ingo Fiedler and Lennart Ante Chapter 8. Tokenized Assets and Securities; Hugo Benedetti and Gabriel Rodriguez-Garcia Part III. Cryptoassets as Investment Opportunities Chapter 9. A Comparative Review of Cryptoasset Products; Kristin M. Kalish, Kerem Proulx, and Andrew C. Spieler Chapter 10. Decentralized Finance; Kiran Pandian, Daniel Pfeiffer, and Samson Qian Chapter 11. Blockchain and Crypto Exchange-Traded Funds; Philip C. Sookram Chapter 12. Approaches to Cryptocurrency Valuation; Arman Eshraghi Chapter 13. Cryptoassets in a Portfolio Context; Robinpreet Dhillon and Ehsan Nikbakht Chapter 14. Protection of Portfolios and Financial Consumers from Cryptoasset Frauds; Ibrahim E. Sancak Part IV. Trading, Reporting, and Technical Aspects Chapter 15. General Institutional Considerations of Blockchain and Emerging Applications; Peter C. Earle and David M. Waugh Chapter 16. Custody, Provenance, and Reporting of Blockchain and Cryptoassets; Rocher Cyrus Chapter 17. Tokenized and Non-tokenized Assets: Legal Considerations; Brett Cotler Chapter 18. The Underlying Technology for Cryptoassets; Alevtina Dubovitskaya Ackerer and Damien Ackerer Chapter 19. Central Bank Digital Currencies: Opening Pandora’s Box or Paving the Future of Money; Dimitrios Salampasis, Patrick Schueffel, Russell Dominic, and Duncan Cameron Part V. Other Cryptoasset Issues Chapter 20. Trade Settlements; Hugo Benedetti, Ehsan Nikbakht, and Giga Zukhubaia Chapter 21. A Closer Look into Decentralized Finance; Hugo Benedetti and Sebastián Labbé Chapter 22. Cryptocurrency Exchanges and the Future of Cryptoassets; Antonio Brasse and Samuel Hyun
£118.75
Emerald Publishing Limited Advances in Pacific Basin Business Economics and
Book SynopsisAdvances in Pacific Basin Business, Economics and Finance (APBBEF) is a peer-reviewed journal published by Emerald Publishing and is designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries.
£105.00
Emerald Publishing Limited Overlapping Generations: Methods, Models and
Book SynopsisThe 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark contrast to the more dominant neoclassical growth model, which is based on the assumption that real economies are populated by a finite number of dynastic families. Despite the greater realism of the former model and the inherent implausibility of the assumptions underlying the growth model, the growth model has become dominant. The authors here explore the co-evolution of the two models to shed light on why this happened, spanning the entire post-WWII era.Trade ReviewThis book is a real tour de force in clarity and tremendous scope. It should be on the reading list for all advanced economics graduate students. -- Jess Benhabib, Paulette Goddard Professor of Political Economy in the Faculty of Arts and Science at New York UniversityThis book is a monumental work, an important contribution to economics -- Karl Shell, Robert Julius Thorne Professor of Economics Emeritus, Cornell University. Founding Editor, Journal of Economic TheoryTable of ContentsIntroduction. Introduction Chapter 1. Origins of the Workhorse Models Chapter 2. OLG – The Next Generations, 1960-1970 Chapter 3. Expectations and the Neutrality of Money c. 1972: From OLG to SOLG Chapter 4. Infinite Lived Agents: Dynasty, 1970-1980 Chapter 5. OLG and Money, 1970-1980 Chapter 6. OLG and Theory, 1970-1980 Chapter 7. Boomers Chapter 8. Gen X and Beyond: 1995-2015 Chapter 9. The Ascendance of ILA and the Future of Macro Chapter 10. Morphology of OLG Models and Methods in Comparative Perspective Chapter 11. Summary and Conclusion
£85.50
Emerald Publishing Limited Essays in Honor of Joon Y. Park: Econometric
Book SynopsisVolumes 45a and 45b of Advances in Econometrics honor Joon Y. Park, Wisnewsky Professor of Human Studies and Professor of Economics at Indiana University. Professor Park has made numerous and substantive contributions to the field of econometrics since beginning his academic career in the mid-1980s and has held positions at Cornell University, University of Toronto, Seoul National University, Rice University, Texas A&M University, and Sungkyunkwan University. This first volume, Essays in Honor of Joon Y. Park: Econometric Theory, features contributions to econometric theory related to Professor Park’s analysis of time series and particularly related to the research of the first two or so decades of his career.Table of ContentsIntroduction; Yoosoon Chang, Sokbae Lee, and J. Isaac Miller Part I: Nonstationarity, Unit Roots, and Fractional Noise Chapter 1. Discrete Fourier Transforms of Fractional Processes with Econometric Applications; Peter C.B. Phillips Chapter 2. Asymptotic Properties of the Least Squares Estimator in Local to Unity Processes with Fractional Gaussian Noise; Xiaohu Wang, Weilin Xiao, and Jun Yu Chapter 3. Powerful Self-Normalizing Tests for Stationarity Against the Alternative of a Unit Root; Uwe Hassler and Mehdi Hosseinkouchack Chapter 4. A sequential Test for a Unit Root in Monitoring a p-th Order Autoregressive Process; Kohtaro Hitomi, Keiji Nagai, Yoshihiko Nishiyama, and Junfan Tao Part II: Nonlinearity Chapter 5. Functional-Coefficient Cointegrating Regression with Endogeneity; Han-Ying Liang, Yu Shen, and Qiying Wang Chapter 6. A Specification Test Based on Convolution-Type Distribution Function Estimates for Non-Linear Autoregressive Processes; Kun Ho Kim, Kira L. Koul, and Jiwoong Kim Chapter 7. Transformation Models with Cointegrated and Deterministically Trending Regressors; Yingqian Lin and Yundong Tu Chapter 8. Minimax Risk in Estimating Kink Threshold and Testing Continuity; Javier Hidalgo, Heejun Lee, Jungyoon Lee, and Myung Hwan Seo Part III: Inference and Prediction using Models with Trending Series Chapter 9. Semiparametric Independence Tests Between Two Infinite-Order Cointegrated series; Chafik Bouhaddioui, Jean-Marie Dufour, and Masaya Takano Chapter 10. Inference in Conditional Vector Error-Correction Models with a Small Signal-To-Noise Ratio; Nikolay Gospodinov, Alex Maynard, and Elena Pesavento Chapter 11. Some Extensions of Asymptotic F and t Theory in Nonstationary Regressions; Yixiao Sun Chapter 12. Non-Stationary Parametric Single-Index Predictive Models: Simulation and Empirical Studies; Ying Zhou, Hsein Kew, and Jiti Gao Chapter 13. Best Linear Prediction in Cointegrated Systems; Yun-Yeong Kim
£105.00
Emerald Publishing Limited Essays in Honor of Joon Y. Park: Econometric
Book SynopsisVolumes 45a and 45b of Advances in Econometrics honor Professor Joon Y. Park, who has made numerous and substantive contributions to the field of econometrics over a career spanning four decades since the 1980s and counting. This second volume, Essays in Honor of Joon Y. Park: Econometric Methodology in Empirical Applications, focuses on econometric applications related, some closely and some very loosely, to Professor Park’s more recent work before concluding with a retrospective summarizing four decades of Advances in Econometrics.Table of ContentsIntroduction Part I: Macroeconometrics Chapter 1. Aggregate output measurement: A common trend approach; Martín Almuzara, Gabriele Fiorentini, and Enrique Sentana Chapter 2. Markov switching rationality; Florens Odendahl, Barbara Rossi, and Tatevik Sekhposyan Chapter 3. The econometrics of oil market VAR models; Lutz Kilian and Xiaoqing Zhou Part II: Financial Econometrics Chapter 4. Quantile impulse response analysis with applications in macroeconomics and finance; Whayoung Jung and Ji Hyung Lee Chapter 5. Risk neutral density estimation with a functional linear model; Marine Carrasco and Idriss Tsafack Chapter 6. Estimating diffusion models of interest rates at the Zero Lower Bound: From the Great Depression to the Great Recession and beyond; Lealand Morin Chapter 7. A market crash or tail risk? Heavy tails and asymmetry of returns in the Chinese stock market; Zheyu Xing and Rustam Ibragimov Part III: Pandemic, Climate, and Disaster Chapter 8. Predicting crashes in oil price during the COVID-19 pandemic with mixed causal-noncausal models; Alain Hecq and Elisa Voisin Chapter 9. Depth-weighted forecast combination: Application to COVID-19 cases; Yoonseok Lee and Donggyu Sul Chapter 10. Identification of beliefs in the presence of disaster risk and misspecification; Saraswata Chaudhuri, Eric Renault, and Oscar Wahlstrom Chapter 11. A new model for agricultural land use modelling and prediction in England using spatially high-resolution data; Namhyun Kim, Patrick Wongsa-art, and Ian J. Bateman Chapter 12. Local climate sensitivity: What can time series of distributions reveal about spatial heterogeneity of climate change?; J. Isaac Miller Part IV: Microeconometrics and Panel Data Chapter 13. Maximum likelihood estimation of dynamic panel data models with interactive effects: Quasi-differencing over time or across individuals?; Chang Hsiao and Qiankun Zhou Chapter 14. Informational content of factor structures in simultaneous binary response models; Shakeeb Khan, Arnaud Maurel, and Yichong Zhang Part V: Retrospective Chapter 15. Forty years of Advances in Econometrics; Asli Ogunc and Randall C. Campbell
£110.00
Emerald Publishing Advances in Pacific Basin Business Economics and
Book SynopsisAdvances in Pacific Basin Business, Economics and Finance (APBBEF) is a series designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries. All articles published are peer-reviewed and recommended by one editorial board member. Topics of interest include, but are not limited to, the following:1. Policy and management on financial markets and financial institutions;2. Options, futures, and other derivatives markets;3. Corporate finance and investment decisions;4. Insurance and risk management;5. Accounting, auditing, and taxation;6. Artificial intelligence and new technology in finance;7. ESG and sustainability;8. Income, employment, and education;9. Monetary and foreign exchange policy;10. Other economic policies among the Pacific Rim countries.APBBEF is indexed in ABI/INFORM, EconLit, EBSCO, ProQuest, ResearchGate, and Google Scholar. Manuscript submission: Please use an
£99.75
Emerald Publishing Contemporary Issues in International Trade
Book SynopsisReaching beyond the usual terrain of economic engagement, this edited collection confronts critical issues to demand urgent analytical attention and a harnessing of the economic potential at stake.
£80.75
Emerald Publishing Limited Sustainability Development through Green
Book SynopsisOur economies currently encourage excessive consumerism, weakening social ties, and depleting natural resources. Unfortunately, this is just the way economies have been developing. However, it is neither inevitable nor necessary. It takes a fresh economic vision to address these issues: a Green Economy. The concept of a green economy does not supplant sustainable development but instead places a fresh emphasis on a region''s economy, investments pertaining to infrastructure, job and skill needs, and favourable social and environmental consequences.Sustainability Development through Green Economics examines sustainable finance, green tourism, green marketing as a tributary towards sustainable development. The multidisciplinary chapters traverse the power of economic as well as financial policy, green investment, green insurance as well as green infrastructural development to ensure sustainable development.Contemporary Studies in Economic and Financial Analy
£100.00
Emerald Publishing Limited Smart Cities and Circular Economy
Book SynopsisIn a world grappling with resource depletion and environmental degradation, this work empowers readers to foster sustainable urban environments, while promoting a deeper understanding of the intricate relationship between new technologies and cutting-edge economic theory.A major highlight is the presentation of a diverse range of real-world best practices. These case studies of successful integrations of Smart Cities and a Circular Economies identify the key factors that contribute to their triumph. The takeaways equip policymakers and urban planners with practical solutions for addressing the challenges of sustainable urban developments. From policy and regulatory hurdles to technological advancements, financing and investment opportunities to collaboration and stakeholder engagement, the authors offer valuable guidance for leaders and decision makers seeking to surmount barriers to integration.In sum, Smart Cities and Circular Economy is a timely, indispensa
£80.75
Emerald Publishing Limited Advances in Pacific Basin Business, Economics and
Book SynopsisAdvances in Pacific Basin Business, Economics, and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, accounting and management among Pacific Rim countries. All articles published have been reviewed and recommended by at least two members of the editorial board. Topics of interest include, but are not limited to, the following: Policies and Regulations on financial markets and financial institutions; Options, futures and other derivatives markets; Corporate finance and investment decisions; Fixed-Income securities and portfolio management; Insurance and risk management; Accounting, auditing and taxation; Marketing, management, and business strategies; Interdisciplinary issues on supply chain, finance, and marketing; Monetary and foreign exchange policy; Income, employment, and other economic policies among the Pacific Rim countries Table of ContentsChapter 1. Divergent Opinion, Trading Information and Stock Price Co-movements; Lin Chen, Junbo Wang, Chunchi Wun and Hongquan Zhu Chapter 2. Assessing Asset Tail Risk with Artificial Intelligence: The Application of Artificial Neural Network; Ying L. Becker, Lin Guo, and Odilbek Nurmamatov Chapter 3. Option Pricing with Markov Switching Stochastic Volatility Models; Yiying Cheng Chapter 4. Further Evidence of Momentum in Corporate Bond Returns; Hai Lin, Xinyuan Stacie Tao, Junbo Wang, and Chunchi Wu Chapter 5. The Causes and Consequences of Stock Pledging by Controlling Shareholders: The Case of Taiwan; Alan T. Wang and Anlin Chen Chapter 6. Japanese SEOs before the Lost Decade: a Revisit of the Long-Run Stock Performance; Peter Dadalt, Sirapat Polwitoon and Ali Zadeh Chapter 7. Firm Characteristics and Capital Structure: Evidence from ASEAN Economies; Chin Chia Liang, Yuwen Liu, Carol Troy, and Wen Wen Chen Chapter 8. Impact of Oversubscription Ratio and Trading Volume on IPO First Three-day Initial Return; Hon-Wei Leow and Wee-Yeap Lau Chapter 9. Does Participating in Physical Activities Raise Starting Salaries of Female College Graduates? Evidence from an Asian Society; Shih-Yung Chiu Chapter 10. On Market Property Right, Its Cost Components and Economic Significance; Fanhua Zeng. Yangfen Wu, and Wei-chiao Huang Chapter 11. The Spillover Effect of the US-China Trade War on Taiwan’s Economy; Peter C.Y. Chow
£94.99
Atlantic Books The Curse of Bigness: How Corporate Giants Came
Book Synopsis'Timely and important.' -- Joseph E. Stiglitz 'Tim Wu helps shape an urgent new global conversation.' -- Shoshana ZuboffWe're three decades into a global experiment: what happens when the major nations of the world weaken their control on the size and power of corporate giants and allow unrestricted expansion?In The Curse of Bigness, Tim Wu exposes the threats monopolies pose to economic stability and social freedom around the world. Aided by the globalization of commerce and finance, in recent years we have seen takeovers galore that make a mockery of the ideals of competition and economic freedom. Such is the 'curse of bigness': stifled entrepreneurship, stalled productivity, dominant tech giants like Facebook and Google, and fewer choices for consumers. Urgent and persuasive, this bold manifesto argues that we need to rediscover the anti-monopoly traditions that brought great peace and prosperity in the past.Trade ReviewShort and sharp... an excellent primer for anyone who wants to understand why corporate wealth and power have grown so concentrated... and why that might be a problem for democracy. * Financial Times *Admirably concise and punchy. * The Times *Mr. Wu writes with elegance, conviction, knowledge - and certitude. * Wall Street Journal *Timely and important... Wu makes an urgent and persuasive case. * Joseph E. Stiglitz *With The Curse of Bigness Tim Wu helps shape an urgent new global conversation on market democracy, reviving the critical role of governments in curbing corporate power. * Shoshana Zuboff, author of The Age of Surveillance Capitalism *Original, provocative and stimulating. * Timothy Garton Ash *As Tim Wu argues in The Curse of Bigness, global economic concentration is now at levels unseen in more than a century - since the early days of industrial capitalism... Wu manages to make this brisk and impressively readable overview of the subject vivid and compelling. * Washington Post *It's a big idea for a little book, but Wu knows how to keep everything concise and contained. The Curse of Bigness moves nimbly through the thicket, embracing the boons of being small. * New York Times *Tim Wu has pulled off an incredible feat - he's written a short, compelling book on antitrust... Persuasive and brilliantly written, the book is especially timely given the rise of trillion-dollar tech companies. * Publishers Weekly *Sweeping in scope, The Curse of Bigness is probably the best popular account of the history of American antitrust law and policy. It captures the stakes in the battle for antitrust - and it cuts to the heart of one of the central questions of our time: can democracy survive? * New Republic *Tim Wu writes books that make a big impact. * Guardian *Table of Contents0: Introduction 1: Where Our Path Has Led 2: The Lost Lessons of the Second World War 3: The Anti-Monopoly Tradition 4: Peak Anti-Monopoly 5: The Tech Explosion of the 1980s and 1990s 6: Neoliberalism's Triumph 7: The Problem of Global Monopoly 8: The Rise of the Tech Giants 9: Conclusion: Breaking Up Global Economic Power
£9.49
Edward Elgar Publishing Ltd Governing Finance in Europe: A Centralisation of
Book SynopsisHow do regulatory structures evolve in EU financial governance? Incorporating insights from a variety of disciplines, Governing Finance in Europe provides a comprehensive framework to investigate the dynamics leading to centralisation, decentralisation and fragmentation in EU financial regulation. Offering a comprehensive and generalizable theoretical account of regulatory centralisation, this book combines theoretical approaches from political science, law, sociology and economics to trace centralisation in EU financial governance. Contributors build on a rich political science and legal literature and offer empirical analyses of major EU legislative packages in financial regulation, including the Markets in Financial Instruments Directive II (MiFID II) and Capital Markets Union (CMU). This book systematically identifies and examines the forces and counter-forces on regulatory centralisation. It also offers conjectures as to who benefits from the regulation and how decision-makers are held politically and legally accountable. Featuring contributions from internationally renowned scholars, this book is key reading for academics working in finance and financial policies, particularly those investigating European politics, regulation and regional integration. It will also be of interest to practitioners and policymakers, as chapters provide unique insights into the real-world implications of financial regulation. Contributors include: F. Bulfone, J. Ganderson, A. Héritier, J. Karremans, H. Marjosola, M.G. Schoeller, A. Smolenska, M. StrandTrade Review'To what extent do we see a centralisation of rule-making on finance at the European Union level? This edited book of six chapters, and a substantial introduction and conclusion offers an intelligently organised, concise and well-argued answer to this question. In doing so, this collection makes an important contribution to the small but growing literature on European financial market integration. The editors bring together insightful analyses of the main institutional, political, economic and technological factors shaping European Union legislation on finance. The chapters examine how European legislation relates to international agreements, transatlantic coordination with the United States, the relationship between public and private regulation and the impact of technological innovation on regulatory structure. Without exception, the authors provide excellent analyses based on a good range of empirical evidence. Through a number of hypotheses, the editors clarify strong lines of argumentation on rule-making centralisation that are tested in the chapters of the book and are critically considered in Professor Héritier's superbly written conclusion.' --David Howarth, University of Luxembourg'Governing Finance in Europe: A Centralisation of Rulemaking? tackles in a sophisticated and comprehensive way key issues in the governance of finance - why the centralisation, decentralisation or fragmentation of rulemaking occur and with what effects. In a truly interdisciplinary fashion, this edited volume masterfully brings together the perspectives of political scientists, law scholars, economists, and sociologists.' --Lucia Quaglia, University of Bologna, ItalyTable of ContentsContents: 1 Governing Finance in Europe: A Centralisation of Rule-making? Adrienne Héritier and Magnus G. Schoeller VERTICAL RESEARCH PERSPECTIVE: EUROPEAN LEGISLATION IN THE CONTEXT OF INTERNATIONAL AGREEMENTS 2 MiFID II between European rule-making and national market surveillance: The case of high-frequency-trading Johannes Karremans and Magnus G. Schoeller 3 The internal and external centralisation of Capital Markets Union regulatory structures: the case of Central Counterparties Fabio Bulfone and Agnieszka Smolenska 4 The choice of instrument in EU legislation: Mapping the system of governance under MiFID II and MiFIR Magnus Strand HORIZONTAL INTERNATIONAL PERSPECTIVE: RIVAL FINANCIAL REGULATORY POWERS 5 Sharing global regulatory space: transatlantic coordination of the G20 OTC derivatives reforms Heikki Marjosola HYBRID GOVERNANCE PERSPECTIVE: PUBLIC AND PRIVATE REGULATION 6 The emergence of transnational hybrid governance: how private risks trigger public intervention Johannes Karremans and Adrienne Héritier TECHNOLOGICAL INNOVATION PERSPECTIVE 7 The impacts of technological innovation on regulatory structure: Fintech in post-crisis Europe Agnieszka Smolenska, Joseph Ganderson and Adrienne Héritier 8 Governing Finance in Europe: Discussion and Conclusion Adrienne Héritier Index
£94.00
Edward Elgar Publishing Ltd Research Handbook on Economic Sanctions
Book SynopsisPeter van Bergeijk brings together 40 leading experts from all continents to analyze state-of-the-art data covering the sharp increase in (smart) sanctions in the last decade. Original chapters provide detailed analyses on the determinants of sanction success and failure, complemented with innovative research on the impact of sanctions.This timely Research Handbook provides both a thorough discussion of methodology as well as evidence-based policy advice on the efficient application of boycotts, embargoes, and targeted sanctions, including trade, travel and financial sanctions. The use of case studies from Cuba, Iran, North Korea and Russia illustrate developments and demonstrate new methods, including stochastic frontier analysis, comparative quantitative analysis and meta-analysis.Providing crucial information, this Research Handbook will be an excellent resource for academic researchers in international political economy and international relations as well as policy makers within national and global institutions. It will also provide obligatory reading for students also studying within these fields.Trade Review‘The Handbook is an exemplary interdisciplinary work in an area that remains at the heart of economic relations among states where the mechanical tool of statecraft constitutes a form of politics among nations. The authors and editor dissects the major policy approaches and empirical data available on economic sanctions to show how new knowledge and sanctions can be better appreciated. The Handbook on Economic Sanctions thus provides a vivid insight into an area in international policy that will support further research from a variety of fields.’ -- P. Sean Morris, Global Trade & Customs Journal‘Sanctions have become an ubiquitous and increasingly powerful tool of statecraft. With contributions from elite international sanctions experts, this Research Handbook examines data and analytical methods for gauging the haphazard impact of sanctions on trade, investment, and finance; reducing humanitarian costs and collateral damage to third countries; and assessing whether and how foreign economic coercion can promote policy change in the targeted regime. This compendium is an invaluable resource for ongoing sanctions research and a go-to guide for officials constructing and applying new sanctions policies.’ -- Jeffrey J. Schott, Peterson Institute for International Economics, US‘This Research Handbook is a thorough and well-organized volume on economic sanctions. It is a timely publication in view of significant changes in US policy and the increasing use of smart sanctions. Bringing together leading authors on sanctions from international economics, international relations and international law, the book provides an in-depth and well-balanced analysis of the strengths and weaknesses of economic sanctions and the role they may usefully play in the future.’ -- Peter Van den Bossche, World Trade Institute, SwitzerlandTable of ContentsContents: 1 Introduction to the Research Handbook on Economic Sanctions 1 Peter A.G. van Bergeijk PART I THE VALUE OF LARGE-N DATA SOURCES 2 Economic sanctions in the twenty-first century 26 Gary Clyde Hufbauer and Euijin Jung 3 The Threat and Imposition of Economic Sanctions data project: a retrospective 44 T. Clifton Morgan, Navin A. Bapat, and Yoshiharu Kobayashi 4 The Global Sanctions Data Base (GSDB): an update that includes the years of the Trump presidency 62 Aleksandra Kirilakha, Gabriel J. Felbermayr, Constantinos Syropoulos, Erdal Yalcin, and Yoto V. Yotov 5 UN targeted sanctions: historical development and current challenges 107 Thomas J. Biersteker and Zuzana Hudáková 6 Publication bias of economic sanctions research: a meta-analysis of the impact of trade linkage, duration and prior relations on sanctions success 125 Binyam A. Demena, Alemayehu S. Reta, Gabriela Benalcazar Jativa, Patrick B. Kimararungu, and Peter A.G. van Bergeijk PART II SANCTION MECHANISMS 7 The public choice approach to international sanctions: retrospect and prospect 152 Dennis Halcoussis, William H. Kaempfer, and Anton D. Lowenberg 8 Making sanctions work: promoting compliance, punishing violations, and discouraging sanctions busting 167 Bryan R. Early 9 Economic sanctions and political stability and violence in target countries 187 Dursun Peksen 10 The internal opposition effect of international sanctions: insights from a qualitative comparative analysis 202 Julia Grauvogel 11 Secondary sanctions mechanism revisited: the case of US sanctions against North Korea 223 Baran Han 12 Researching firms and sanctions: theoretical and methodological considerations 238 Michal Onderco and Reinout A. van der Veer PART III APPEARANCES OF SANCTIONS 13 Imposing sanctions versus posing in sanctioners’ clothes: the EU sanctions against Russia and the Russian counter-sanctions 249 Matěj Bělín and Jan Hanousek 14 Trade preference suspensions as economic sanctions 264 Clara Portela 15 Economic sanctions and the WTO 280 Maarten Smeets 16 Negative and positive sanctions 297 Raul Caruso 17 Economic sanctions within the Graph Model for Conflict Resolution 309 Bader A. Sabtan, D. Marc Kilgour, and Rami Kinsara PART IV INTENDED AND UNINTENDED IMPACTS 18 The impact of sanctions on the banking system: new evidence from Iran 330 Sajjad Faraji Dizaji 19 Tourism and sanctions 351 C. Michael Hall and Siamak Seyfi 20 FDI and sanctions 369 Irina Mirkina 21 In and out of the penalty box: U.S. sanctions and their effects on international trade 388 Tristan Kohl 22 Timing the Impact of sanctions on trade 411 Mian Dai, Gabriel Felbermayr, Aleksandra Kirilakha Constantinos Syropoulos, Erdal Yalcin, and Yoto V. Yotov 23 Sanctioned to starve? The impact of economic sanctions on food security in targeted states 438 Sylvanus Kwaku Afesorgbor Index 467
£207.10
Edward Elgar Publishing Ltd Rethinking Wealth and Taxes: Inequality,
Book SynopsisTaxes on the wealthy are a topic sure to incite venomous rants from both right-wing and left-wing ideologues. The topic attracts conflicting interpretations and policy recommendations, and generates proposals for tax reform that consume political debate. All this activity takes place against an opaque backdrop of empirical evidence dealing with the distribution of wealth and income, and tax avoidance and tax evasion by corporations and wealthy individuals. Rethinking Wealth and Taxes explores these problems and considers the possibilities for increasing taxes on wealth to address the increasingly unequal distribution of wealth, and income. Concerned with exploring the implications of globalization for government revenue policy and increasing inequality in wealth and income, it identifies the connection between ongoing inequality and the ability of the wealthy to avoid income taxes by exploiting differential treatment of capital income and wage income. The author explores the various ways in which the emergence of globalization has impacted the traditional national model of raising income tax revenue. He then offers policy recommendations that shift government revenue sources to taxes that are difficult for the wealthy to avoid and that better capture the goals of vertical and horizontal tax equity. This book will appeal to those directly involved in industry and public policy and may be used in university courses at all levels in public finance, financial economics, actuarial science and management. It will also be of interest to research libraries, individuals working in government and readers in the general public curious about topics such as 'the one percent'.Trade Review'An excellent book offering comprehensive discussions on the roots and policy issues of wealth inequality! The book ably demonstrates that, due to limitations in available wealth measures and the failure to account for globalization, wealth inequality is likely more than reported. Real challenges to the practical implementation of taxation schemes to capture gains in wealth and income are identified. I will surely use it as a reading assignment for my students.' --Donald Lien, University of Texas at San Antonio, US'If you want to understand the complicated relation between wealth, income and taxes this is the book to read. In a profound and impartial presentation Poitras argues that alleviating increases in wealth and income inequality raises complicated economic, political and ethical issues that reach to the heart of how the modern, globalized capitalist economy functions.' --Eduardo Schwartz, University of California, Los Angeles, US, Simon Fraser University, Canada and National Bureau of Economic Research, US'There is little doubt that taxing wealth is a controversial issue. There is also little doubt that there are many aspects of wealth taxation that are not well understood. By providing a broad perspective on the history of wealth taxation, together with an insightful analysis of recent research of wealth taxation, this book is an essential source for understanding the current debate on taxing wealth.' --James Alm, National Tax Association and Tulane University, USTable of ContentsContents: Introduction: Wealth and Taxes Part I The Wealthy and State Revenue Generation 1. Defining Wealth and Taxes on the Wealthy 2. Raising Government Revenue 3. State Revenue from Antiquity to the Modern Income Tax Part II Rethinking Taxation of the Wealthy 4. Public Economics of Taxing the Wealthy 5. Taxing the Wealthy across Jurisdictions 6. Reforming Taxes on Equity Capital References Index
£98.80
Edward Elgar Publishing Ltd Deglobalization 2.0: Trade and Openness During
Book SynopsisThe rapid integration of global governments, businesses and capital has faced a dramatic and often hostile backlash in recent years. As populist agendas worldwide gain momentum, Deglobalization 2.0 explores the key drivers of reactionary movements. From the 'Make America Great Again' movement in the US, to Continental European populism, Peter van Bergeijk explains the critical catalysts of anti-globalization sentiment. Through a historical lens, this book draws out similarities and differences between contemporary developments and the economic crises of the 1930s, offering a unique understanding of the political and economic drivers of deglobalization. Focusing on wealth inequality, social uncertainty and international competition for economic supremacy, van Bergeijk examines and offers answers for the lacunae in the globalization debate. Provocative, insightful and accessible, this book confronts the deglobalization issue as a matter of real urgency and is thus vital reading for policy makers and managers working in international affairs and economic relations. It also offers guidance for academics in international economics and relations moving into the uncharted territory of deglobalization processes.Trade Review'This is an insightful and thought-provoking book that ranges widely in its analysis of deglobalization. All students of the international economy should read the latest work of this well-respected economist.' --Andrew K. Rose, University of California, Berkeley, USTable of ContentsContents: Preface 1. Spoilers 2. Setting the stage 3. Deglobalization is not new! 4. What drives deglobalization? 5. Is deglobalization good or bad? 6. The future of deglobalization References Index
£27.50
Edward Elgar Publishing Ltd 30 Years of Transition in Europe: Looking Back
Book SynopsisThis thought-provoking book investigates the political and economic transformation that has taken place over the past three decades in Central, Eastern and Southeastern Europe (CESEE) since the fall of the Iron Curtain. Through an examination of both the successes and shortcomings of post communist reform and the challenges ahead for the region, it explores the topical issues of economic transition and integration, highlighting important lessons to be learned. Featuring contributions from both top academics and experienced policymakers, 30 Years of Transition in Europe first discusses the process of transition in CESEE from a historical perspective, analysing the impacts of differing approaches on economic and monetary policy, the role of central banks and the speed of reform in various countries of the region. Chapters also compare CESEE transformations to emerging economies in Asia, and examine contemporary concerns around financial and monetary stability, as well as exploring the long-term determinants of economic growth such as digitalization, climate change and demographic trends. Economists, central bankers, and policymakers in the banking sector and other international financial organizations will find this book an enlightening read. It will also be useful for academics in economics and politics with a particular interest in emerging European economies and European integration.Trade Review‘I highly recommend the scholars and observers of contemporary world to take a look at this book, not in a pick-and-match manner by chapters, but the volume as a whole.’ -- Tom Hashimoto, Eurasian Geography and EconomicsTable of ContentsContents: Preface PART I A historic transformation: heterogeneity in CESEE in a changing global context 1 Looking back on 30 years of transition – and looking 30 years ahead Robert Holzmann 2 1989: the year of the great ambivalence Anton Pelinka 3 The price of unity: the transformation of Germany and Eastern Europe after 1989 Philipp Ther PART II A central banker’s view on monetary policy during transition 4 Monetary policy challenges during transition: the case of Serbia Jorgovanka Tabaković and Ana Ivković 5 Monetary milestones of the past 30 years: the Czech National Bank’s view Jiří Rusnok 6 Croatia – from hyperinflation to the road to the euro area Boris Vujčić and Katja Gattin Turkalj PART III Modes of transition: the impact of different economic policy approaches 7 Ten lessons from thirty years of post-communist economic transformation Anders Åslund 8 The impact of different transition patterns and approaches on economic development in EU-CEE11, Russia and Ukraine Marina Gruševaja 9 Central, Eastern and Southeastern Europe’s reunion with Europe Andrzej Sławiński PART IV Lessons from three decades of catching-up in Asia 10 Catching-up in Central and Eastern Europe and East Asia – commonalities and differences Michael A. Landesmann 11 Chinese multinationals in East Central Europe: structural, institutional or political considerations? Ágnes Szunomár PART V Challenges for CESEE’s near future: monetary and financial stability 12 Did macroprudential policies play a role in stabilizing the credit and capital flow cycle in CESEE? Markus Eller, Helene Schuberth and Lukas Vashold 13 30 years of monetary and exchange rate regimes in Central and Eastern Europe: what has changed, and what is next? Johannes Wiegand PART VI The future of CESEE: the impact of megatrends 14 At the start of a new leadership of the European Commission and the European Central Bank: where is the place of Central and Eastern Europe? Martin Selmayr 15 Will the EU overcome the East-West divide? Ada Ámon 16 Demographic change in Central, Eastern and Southeastern Europe: trends, determinants and challenges Tomáš Sobotka and Alexia Fürnkranz-Prskawetz 17 The demographic challenge of Eastern Europe and potential policy options Mario Holzner Index
£100.00
Sabi Shepherd Ltd Cryptocurrency Trading: Strategies & Techniques
Book Synopsis
£23.99
Sabi Shepherd Ltd Cryptocurrency Trading & Investing: 2 manuscripts
Book Synopsis
£30.70
Verso Books The Fall and Rise of American Finance: from J.P.
Book SynopsisThe Fall and Rise of American Finance traces the collapse and reconstitution of American financial power from the disintegration of robber baron J. P. Morgan's vast empire to the rise of finance behemoth BlackRock. Contrary to what is taken for common sense by figures from Hillary Clinton to Bernie Sanders, Maher and Aquanno insist that financialization did not imply the hollowing out of the "real" economy or the retreat of the state. Rather, it served to intensify competitive discipline to maximize efficiency, profits, and the exploitation of labor-with the support of an increasingly authoritarian state.Trade ReviewWorthy heirs to their teacher, the great Leo Panitch, Maher and Aquanno sketch an alternative history of the last century that every critical scholar of finance must now engage and contend with. -- Quinn Slobodian, author of Crack-Up CapitalismA groundbreaking historical work with vital implications for theory and politics. The Fall and Rise of American Finance changes our vision of the present-and the future. -- Clara E. Mattei, author of The Capital Order Critical political economists tend to separate finance and 'the real economy,' seeing the former as parasitic on the latter. But what if finance has always been there and has always been the mechanism that disciplined capitalism as a whole? Maher and Aquanno explore this alternative reading of financialization. It is a compelling and convincing account. -- Mark Blyth, Professor of International Economics at Brown UniversityTable of ContentsPreface1: The Latest Phase of American Capitalist DevelopmentThe Fall and Rise of American FinanceA New Picture of FinancializationRethinking Finance and the Corporation2: Classical Finance Capital and the Modern StateFinancial Capital and Industrial CapitalFrom Bank Capital to Finance CapitalFinance Capital and CompetitionState Power, Class Power, and Crisis3: Managerialism and the New Deal StateRemaking Capitalist FinanceThe New Industrial OrderClass Struggle and the Crisis of Managerialism4: Neoliberalism and Financial HegemonyThe Financialization of the Non-Financial CorporationAsset-Based Accumulation and Market-Based FinanceFinancialization and Authoritarian StatismThe 2008 Crisis and the Question of Decline5: The New Finance Capital and the Risk StateCrisis Management and the Risk StateThe Rise of the Big ThreeThe New Finance CapitalPrivate Equity, Hedge Funds, and Finance Capital6: Crises, Contradictions, and PossibilitiesThe Statization of Market-Based FinanceThe Macroeconomic Policy of Finance CapitalThe False Promise of Universal OwnershipDemocratizing FinanceNotesIndex
£17.99
Emerald Publishing Limited Refugee Crises and Third-World Economies:
Book SynopsisThe global political economy is currently in the midst of a refugee crisis, one that is complex and that remains poorly researched and under-theorized within both economics and political science. There is little understanding of the many diverse political, economic and geographical situations that led to it, and refugees are all too often included in the category of forced migrants. Refugee Crisis and Third-World Economies provides a much-needed corrective to such blind spots and oversimplifications. The ten chapters written by eminent scholars offer a unique interdisciplinary investigation into the complicated ramifications of the refugee crisis. It identifies the major socio-political factors that create refugee crises, including political instability, unemployment, a lack of GDP growth, and a lack of medical facilities. It offers unique insights into the crisis’s economic impact on asylum countries. It discusses how relevant states, UN agencies, NGOs, and refugees themselves can work together to improve the lot of refugees. And perhaps most importantly, it provides detailed empirical investigations into specific refugee groups and their struggle for legal assistance, socio-political recognition, and personal stability. For its theoretical rigor and granular empirical insights, this book is essential reading for both researchers and policymakers working on refugee crises worldwide.Table of ContentsSection I: Theoretical Framework of Refugee Crisis Chapter 1: Why Refugee Generates? An Empirical Perspective; Sourav Kumar Das, Kishor Naskar and Chandra Sekhar Sahu Chapter 2: Eco-political Stability and Refugee Crisis: Some Queries; Tonmoy Chatterjee Section II: Climate Refugees Chapter 3: Environmental Refugees: A Humanitarian Crisis in India and Bangladesh; Nidhi Chowdhary Chapter 4: Problems of Refugee and the Climate Change; Debesh Bhowmik Section III: Refugee Crisis and Economical Concern Chapter 5: Global Refugee Crisis: A Quantitative Approach with Focus on Major Producing and Hosting Countries; Arundhati Bhattacharya Chapter 6: Impact of Refugees on Host Developing Countries; Bhajan Chandra Barman Section IV: Major Refugee Crisis in India Chapter 7: A Socio-economic Study of the Choedhelling Tibetan Settlement in Miao; Arunachal Pradesh. Sabina Yasmin Chapter 8: An Insight into the Immediate Crisis of Ecological Refugees: A Retrospective Study on Tehri Dam Project; Chhatradhar Das and Raunak Das Chapter 9: Chakma Refugees in Arunachal Pradesh: Their Inclusion and Setback; Kallol Debnath and Kunal Debnath Chapter 10: Life of the Afghan Refugee Women in Delhi Region: Highlighting Their Miserable Conditions and Possible Legal Assistance; Shusneha Sarkar
£74.09
Emerald Publishing Limited The World Economic Forum and Transnational
Book SynopsisIn recent years new political actors, drawing on innovative sources of power and legitimacy, have become increasingly influential in world politics. Traditional international politics is being supplemented by non-state actors, organizations, and networks. The World Economic Forum and Transnational Networking presents an informative investigation of the WEF as a political actor and important part of transnational civil society. Drawing upon extensive original research, Friesen analyzes the surprising role the WEF has played in international processes such as the campaign for the cancellation of third world debt, a campaign which culminated in the adoption of the Multilateral Debt Relief Initiative at the G8 in 2005. Her findings provoke even wider questions about the role and influence of other non-state organizations and about transnational politics, questions that are particularly pressing at a time when the norms and formal institutional structures of the liberal international order appear to be eroding. Theoretically rigorous, empirically sound, and engagingly written, this book is essential reading not only for researchers and students within international political economy, but also for practitioners within transnational organizations and transnational civil society campaigns.Table of ContentsChapter 1. Introduction Chapter 2. Organization and Activities Chapter 3. How the World Economic Forum became a Transnational Political Actor Chapter 4. Transnational Politics in Practice Chapter 5. Conclusion
£43.69
Emerald Publishing Limited Beyond Confrontation: Globalists, Nationalists
Book SynopsisReactions to the Coronavirus pandemic have escalated the pre-existing tensions between the US and China and among different Western nations. Confrontations between political globalists and mercantilist nationalists - between supporters of the rules-based international order and proponents of overt protectionism - are fueling ever-stronger international resentments. Coupling argumentative rigor with a pragmatic, plainspoken approach, Phil Mullan charts out a novel, democratic way past dangerous and self-defeating confrontations towards a future of open international collaboration based on popular participation within nation states. With its clear-eyed assessment of the opportunities and challenges of a more interconnected world - an assessment in which the economic internationalisation underpinning globalisation theories is neither romanticised nor vilified - Beyond Confrontation sets a judicious tone for the big geopolitical themes of our times.Trade Review'Beyond Confrontation comes at a time of maximum potential confrontation that has been made even more critical by the arrival of Covid-19. Essential reading for every political leader.' -- Brian Caplen, Editor“A fresh perspective on renewed international political and economic tensions. Accessible for the general reader as well as academics and students." -- Vanessa Pupavac“Mullan's democratic internationalism offers a pragmatic solution for international collaboration in the post-coronavirus economy.” -- Salvatore Babones, Associate Professor'Mullan’s book is a road-map to the future, a calm reminder to scholars of international relations and practitioners alike that what continues to drive world affairs is the relationship between nations that are both sovereign and democratic.' -- Professor Bill Durodie, Chair of International Relations,"It’s not unusual nowadays to find writers warning of the danger of rising global tensions. What marks out Mullan’s contribution, however, is a demystifying historical analysis which identifies the underlying sources of conflict, and offers an optimistic and forward-looking vision. It makes for a refreshing contrast to the prevailing fatalism. Beyond Confrontation is an important and urgent book that should be widely read—not least by policy-makers and political leaders of all stripes." -- Professor Philip Hammond, * London South Bank University *Table of ContentsIntroduction: Global times Part 1: A world of rules Chapter 1: Making the rules-based international order Chapter 2: Globalism against politics Chapter 3: The anti-democratic roots of neoliberalism Chapter 4: From post-war order to disorder Part 2: Myths about trade Chapter 5: The obsession with trade Chapter 6: Trade becomes weaponised Chapter 7: Free trade illusions Chapter 8: The rise and rise of protectionism Part 3: Internationalism starts at home Chapter 9: Internationalisation: sustaining atrophy Chapter 10: The battle starts at home Chapter 11: Internationalism, national sovereignty and democracy
£20.99
Anthem Press Brazil’s International Ethanol Strategy: Lula’s
Book SynopsisUnder the governments of Lula da Silva and Dilma Rousseff, Brazil aimed at creating a global market for ethanol as a green transport fuel, and ethanol diplomacy became a signature component of Brazil’s international insertion at the time. This study examines Brazil’s international ethanol strategy and creates a comprehensive overview of the theoretical and practical approaches that Brazil undertook to promote ethanol as a tool to achieve energy security and combat climate change in a framework of South-South cooperation.Trade Review“Brazil’s International Ethanol Strategy provides an excellent case study of the ways international diplomacy overlaps with energy markets in the twenty-first century. By exploring how Brazil tried to build a global market for ethanol — and how this process required multilateral engagements with countries in the global North and South — Fröhlich shows how countries like Brazil attempt to build their foreign influence through diverse and innovative diplomatic strategies.” — Dr. Jeff Garmany, School of Social and Political Sciences, University of Melbourne, Australia.“In the last 40 years Brazil has successfully implemented a complex, multimillion and safe ethanol (and biofuel) industry. The use of ethanol in light vehicles saves Brazil from the oil shocks, the oil prices volatility and will save the country from climate change. It is worth nothing that other economies have been interested in how Brazil did that! And that's what Mr Fröhlich has been studying and brings light on in this book.” — Fernanda Delgado, Professor and Strategic Advisor at FGV Energia, BrazilTable of ContentsList of Illustrations; Preface; Acknowledgements; List of Abbreviations; Introduction; 1. Theoretical Framework; 2. Methodology; 3. Literature Review; 4. The Brazil–US Ethanol Relationship; 5. The Brazil–Mozambique Ethanol Relationship; 6. Brazil’s Multilateral Ethanol Diplomacy; 7. Summary and Outlook; Appendix; References; Index.
£72.00
Anthem Press The BRICS and the Financing Mechanisms They
Book SynopsisThe book provides an assessment of BRICS cooperation, focusing on the new financing mechanisms created by the BRICS, the monetary fund and the development bank. It is shown that Brazil, Russia, India and China, joined later by South Africa, share common traits that led them to cooperate in the reform of the international financial architecture, especially the G20 and the IMF. After 2012, in light of the difficulty of having advanced countries agree to move from “tinkering at the margins” to fundamental reform of the Bretton Woods institutions, the BRICS decided to establish their own monetary fund, named the BRICS Contingent Reserve Arrangement (CRA), and their own development bank, named the New Development Bank (NDB). The book describes the difficult negotiations among the BRICS between 2012 and 2014. Some of these difficulties revealed the weaknesses that would lead the CRA and the NDB to make slow progress in the first years of their existence. The book provides an overview of the strong points and weaknesses of the initial phase of these financing mechanisms. It ends with a discussion of the future of the BRICS, highlighting that joint action by the five countries is likely to remain an important feature of the international landscape in the decades to come.Trade Review“Nogueira's book is a fascinating insider's account of how the BRICS coalesced as a new geopolitical force in a post-Bretton Woods world and founded two new international financial institutions. The details of how the five countries negotiated among each other is an invaluable resource for current policymakers and future historians alike.” — Dr. Chris Humphrey is senior research associate at the Overseas Development Institute and senior scientist at the ETH Center for Development and CooperationTable of ContentsA Brief Note; 1. Introduction; 2. The BRICS Come Together; 3. Contingent Reserve Arrangement—CRA, the Monetary Fund of the BRICS; 4. The New Development Bank—NDB, Origins and Negotiations; 5. Whither the BRICS? Final Considerations; References; Index of Names.
£63.00
Anthem Press Causes and Consequences of Global Migration
Book SynopsisMigration has been a key feature of several far-reaching political events that have shaken the western world in recent years. How western countries handle issues of how to regulate immigration appears critical for their future development. Many agree on this, but at the same time think they know too little about these issues. This book has been written for those who want to find out more about why people migrate and what the consequences are of their doing so. It looks at what motives drive people to migrate and at migrants’ economic outcomes in their destination countries. It describes the state of knowledge about the economic and social consequences of migration for the communities that receive the migrants. And it discusses what scope there is in the west for increasing the level of control over migration.Trade Review“By exploiting the most relevant literature in social and economic sciences, Joakim Ruist has produced a thoughtful and comprehensive reference book for anyone wishing to gain more insight into the migration debate. A must-read to enlighten our judgments and reflections.” — Anthony Edo, Researcher in economics, CEPII, ParisTable of ContentsList of Figures; List of Tables; 1. What and Why; 2. 180 Years of Migration; 3. Who Migrate?; 4. Migrants’ Incomes in Receiving Countries; 5. Economic Consequences in Receiving Countries; 6. Consequences for Social Cohesion; 7. Consequences for Poorer Sending Countries; 8. Future Migration; References; Index.
£23.75
Anthem Press The Lure of Economic Nationalism
Book SynopsisThe Lure of Economic Nationalism addresses the continued appeal of economic nationalism. It places economic nationalism in both historical and contemporary contexts, from mercantilism and the writings of Friedrich List to Brexit in the United Kingdom and the Trump Administration in the United States. It also considers the alternative to economic nationalism in the form of a rules-based, multilateral trading system and the World Trade Organization. The book argues that going beyond zero-sum outcomes is better suited to address current problems, including rising tides of ethnonationalism in many countries and pandemics. The book is written in an accessible manner and draws deeply from research in economics and political science. It will be of interest to policymakers, economists, political scientists and the informed public.
£23.75
Edward Elgar Publishing Ltd Industrial Competitiveness in East-Central Europe
Book SynopsisWill the manufacturing industry in east-central Europe survive when the host countries join the European Union? This controversial book challenges the assumption, made by the European Commission, that industries in transitional economies should have little difficulty establishing and maintaining a competitive position after entry into the European Union.The analysis focuses on Hungary, Poland, the Czech Republic, Slovakia and the former east Germany. Issues discussed include: changes in economic structures, the transformation of enterprises and financial restructuring levels of competitiveness in the countries, the region and internationally industrial policy in the region levels and nature of investment limits and sources of growth integration into western Europe dangers of over-hasty harmonization of macroeconomic conditions with the European Union The authors conclude that although the basic structures of a market economy are firmly established, the transition has not encouraged the development of more advanced industrial activities. They strongly suggest that there should be an active policy framework, based on international experience, specifically geared towards improving the international competitiveness of industry in east-central Europe.Trade Review'On the whole, it is an excellent book. Very useful for Indian policymakers, analysts, and industries.' -- Y.S. Rajan, Journal of Scientific and Industrial Research'The studies included in this volume are rich not only in relevant statistics and overviews of recent trends, but also in important insights and far-reaching conclusions. This work is undoubtedly an important contribution to our understanding of post-communist transformation, and provides guidance for thinking about the future. Policymakers at national and EU levels thus should also consider the book as a valuable source for shaping policies for sustainable growth in Central-Eastern Europe.' -- Zoltan Antal-Mokos, Journal for East European Management StudiesTable of ContentsContents: Preface 1. The Tigers of Tomorrow? Structural Change and Economic Growth in East-Central Europe 2. Competitiveness in East-Central Europe 3. The Macroeconomics of Structural Transformation 4. Financing Enterprise Restructuring 5. Investment and Restructuring 6. Towards a Competitiveness Policy in Slovakia 7. The Transformation of Czech Enterprises 8. Innovation and the East German Transformation 9. Are the Transformations Complete?
£95.00
Edward Elgar Publishing Ltd The German State Banks: Global Players in the
Book SynopsisThe German state banks - or Landesbanks - are not only some of the largest banks in Germany but are also a dominant force in the international banking sector. These state-owned banks enjoy special privileges and government support which have made them major players in the global arena of banking and finance.Protected by the German taxpayer's seemingly bottomless pockets in the form of state warranties, Landesbanks are able to take part in financing some of the largest projects in the world. They occupy nearly fifty per cent of the top places in both Moody's and Standard and Poor's international rankings. Professor Sinn critically scrutinizes the privileges of the German Landesbanks and questions the justification of government intervention in the banking sector. He predicts that European integration and the introduction of the euro will lead to a fierce take-over battle between Europe's banks. He argues that, given the state warranties, it seems likely that the German Landesbanks will be among the winners in this battle and concludes that the German public banking system has grown far larger than is appropriate for a market economy.This timely book addresses issues of concern for European bankers and policymakers alike. It will also be of interest to students and scholars of financial economics, European integration and money and banking.Table of ContentsContents: Preface 1. European Integration and the Landesbanks 2. The Government in the German Banking System 3. The Competitive Advantages of the Public Banks 4. Is Government Intervention in the Banking Sector Justified? – Irrelevant Arguments 5. Should the Government Insure Banks? 6. A Plea for the Reform of the Capital Market
£90.00
Edward Elgar Publishing Ltd Economic Policy in the European Union: Current
Book SynopsisEconomic Policy in the European Union analyses the key issues confronting Europe as we enter the 21st century. It focuses mainly on the transition problems linked with the creation of European Monetary Union as well as more specific issues such as social, labour, environmental and science and technology policy.It addresses major questions, including: is it true that the disappearance of exchange risks will benefit trade and growth? can the EMU function if integration is not speeded up in other areas? will the EMU enhance internal cohesion? is the creation of a single currency a popularly accepted idea in the member states? The authors also examine some more specific issues including European Work Councils, the possibility of coordinated environmental policy within the European Union, employment rights and technological collaboration.This topical book will be welcomed by those scholars, students and policymakers interested in some of the most important issues currently faced by Europe.Trade Review'This book is a very good consideration of the uncertainties and difficulties involved in the intervention of EU institutions in Europe.' -- Dominique Redor, ECSA ReviewTable of ContentsContents: 1. Introduction and Outline Part I: General Policy Issues of the Single Market, the EMU and Beyond 2. Exchange Rate Variability, International Trade and the Single Currency Debate 3. EMU and the Need of Further Economic Integration 4. EMU and the Cohesion Process 5. The European Union and Regional Convergence in Spain 6. Hofstede’s Cultural Dimensions and the Psychological Perspective on European Countries Awaiting the Euro 7. Towards a Monetary Model for the Euro/USD Exchange Rate 8. Historical Lessons from Trade Flows During the Benelux and EEC Periods Part II: Public Policy Issues 9. The Impact of the RTD Policy of the EU on Technological Collaboration 10. European Works Councils 11. Flexible Labour Markets and Employment Rights in the EU 12. The International Co-ordination of Environmental Policy from an EU Perspective 13. Services of General Interest Index
£105.00
Edward Elgar Publishing Ltd The Mixed Blessing of Financial Inflows:
Book SynopsisThe successful macroeconomic stabilization in Central and Eastern European countries has encouraged inflows of foreign capital badly needed to promote economic development. Strikingly, these countries have found capital inflows in their various forms to be a mixed blessing, threatening the macroeconomic balance that they have recently achieved. These countries have learned that it is not easy to continue to attract foreign capital and simultaneously to reduce its adverse effects on inflation, the exchange rate and the current account, and to contain disturbances resulting from reversals of the flows. This book investigates recent experiences in Central and Eastern Europe and contrasts it with that of Latin America and East Asia, and suggests appropriate policies and lessons to be learned. The authors conclude that many features of, and policy dilemmas faced by, formerly centrally planned economies in Europe are similar to those in other emerging economies. However, certain unique characteristics such as data limitations and the fragility of the banking and financial systems, compound the problems faced by policy makers in Central and Eastern Europe.This book will prove invaluable to policymakers and scholars interested in and responsible for international finance in transition economies.Trade Review'. . . an excellent piece of comparative economic policy analysis of individual countries in Asia, Latin America, and Eastern Europe facing similar, but not identical, problems. . . . This book provides a first comparative analysis of financial inflows for transition economies. The problem will be a continuing one and the lessons to be gained from these country studies are important for economists both in the policy making and academic communities. Each study provides a solid foundation for future research on the individual countries or the region as a whole.' -- David M. Kemme, Journal of Comparative EconomicsTable of ContentsContents: Introduction Part I: The Background: Capital Inflow Episodes and Their Lessons in Asia and Latin America 1. Macroeconomic Policy Issues Raised by Capital Inflows 2. Sustainable and Excessive Current Account Deficits 3. Capital Inflows to Asia: The Role of Monetary Policy 4. The Effectiveness of Capital Controls: Theory and Evidence from Chile Part II: Recent Experience in More Advanced Transition Countries 5. Capital Inflows to Hungary and Accompanying Policy Responses, 1995–1996 6. Financial Inflows to Poland, 1990–1996 7. Capital Inflows to the Baltic States, 1992–1996 8. Financial Flows to a Small Open Economy: The Case of Slovenia Summary Index
£105.00
Edward Elgar Publishing Ltd Explaining Prices in the Global Economy: A
Book SynopsisThis ground-breaking book addresses the problem of price disparities across countries and, for the first time, uses market structures as the central focus. The author also addresses the effects of trade barriers, input-output relations and economies of scale, factors often ignored by other studies, to determine what causes prices to vary across countries.A post-Keynesian markup pricing model incorporating market power, intermediate inputs and productivity differences is developed and tested using regression analysis. New data on sectoral price levels in Japan and the Republic of Korea and data on GDP and investment price levels for a large number of countries are used. The empirical evidence shows that wages, labor productivity, market power and economies of scale are the most important variables for the explanation of differing price levels across countries. The author finds little evidence for the importance of policy-induced trade barriers and competition policy in explaining this.This book will be useful for scholars of post-Keynesian economics and international economics.Table of ContentsContents: Preface 1. Introduction Part I: Theory 2. Structural Explanations for Price Levels 3. A Post-Keynesian Markup Pricing Model 4. Productivity in an Input–Output Framework 5. The Determinants of the Markup 6. Economies of Scale 7. International Trade Part II: Empirical Evidence 8. From Model to Data to Testing 9. Evidence on Price Levels by Sector in Japan and the Republic of Korea 10. Evidence on Price Levels of GDP 11. Evidence on Price Levels of Investment 12. Conclusions and Implications Appendices References Index
£95.00
Edward Elgar Publishing Ltd Currency Crises, Monetary Union and the Conduct
Book SynopsisCurrency Crises, Monetary Union and the Conduct of Monetary Policy is a book of debate and analysis by some of the world's most eminent economists, on problems relating to the international monetary system, economic growth and monetary policy.This highly readable book features contributions from illustrious scholars including four Nobel laureates in economics - Milton Friedman, Franco Modigliani, Paul A. Samuelson and James Tobin. They hold a lively discussion on the impact of monetary policy on economic growth, unemployment and inflation, in both developing and developed countries. The authors also examine the effects of European Monetary Union on the international monetary system and whether this union will survive to include more than just a few founding countries. In addition, the assembled experts investigate the conditions that lead to currency crises in developing countries and propose policies that can be used to combat such crises. This impressive volume is a lightly-edited chronicle of a vigorous debate among leading economists, and contains an introduction that puts the discussions in context.This accessible and thought-provoking volume will be of interest to specialists in international monetary economics, and to undergraduate and graduate students, and members of the general public who seek a clearer understanding of current economic issues and solutions to economic problems.Table of ContentsForeword by Robert A. Mundell, Winner of the 1999 Nobel Prize in Economics Contents: Foreword 1. Introduction 2. Problems of the US Economy 3. Taxation, Employment and the Federal Reserve 4. European Monetary Union, the Dollar and the International Monetary System 5. The Outlook for Economic Growth in the Developed World 6. The Monetary Crisis in Mexico 7. Policies to Combat Monetary Crises in Developing Countries 8. A Poll and Closing Remarks 9. The Lord Robbins Memorial Lecture: European Monetary Union: What can we Learn from the United States? Index
£90.00
Edward Elgar Publishing Ltd The Global Integration of Europe and East Asia:
Book SynopsisThe financial turmoil of the late 1990s resulted partly from an excessive dependency between countries and regions. This important and timely new book examines the growing interdependency between Europe and East Asia and provides suggestions to prevent financial crises in the future.Special attention is given to the contributions of international trade and investment to deeper regional and global integration, and particular emphasis is placed on major issues such as: the organization of multinationals and the relationship between exports and foreign direct investment Asian and European firms as global actors and the role of trade in the integration of the two regions the changing patterns of East Asian economies as host and home countries for direct investment In conclusion the authors argue that more emphasis should be placed on direct investment rather than speculative inflows. This will create a more stable environment for the contribution of foreign capital to the growth of East Asian economies, and reduce both dependency between regions and the risk of financial instability in the future.The Global Integration of Europe and East Asia will be welcomed by those working in the fields of international economics and business, European and Asian Studies and the globalization of the world economy.Table of ContentsContents: 1. Introduction Part I: Global Actors: Multinational Firms in International Trade and Investment 2. Foreign Direct Investment, Export Performance and the Impact on Home Employment 3. An Empirical Analysis of Japanese Multinational Corporate Strategies in Europe, Asia and North America 4. Upgrading Endogenous Production Capabilities in Less-developed Countries 5. Total or Partial Sharing of Risks Part II: Trade, Investment and Regional Integration in Europe and Asia 6. Regional Integration and Intra-Industry Trade 7. Trade and Competitiveness in the European Union 8. Economic Growth of ASEAN in the Context of East Asian Development 9. Were Asian Emerging Currencies Misaligned? Part III: Foreign Direct Investment and the Global Integration 10. Foreign Direct Investment in East Asia 11. The Emergence of Korean Multinational Enterprises in European Manufacturing 12. International Human Resource Management Mechanism of Korean Foreign Direct Investment 13. Foreign Direct Investment in Banking Index
£110.00
Edward Elgar Publishing Ltd Structural Reform in Open Economies: A Road to
Book SynopsisThis insightful book focuses on the economic consequences of structural reform policies in the economies at the cutting edge of reform: Denmark, The Netherlands, New Zealand and Norway. The contributors examine policies aimed at improving the underlying path of growth, employment and saving-investment balances of the economy and apply state of the art methods to measure and model structural reforms. They examine the areas of competition policy, regulation of entry barriers, non-tariff trade barriers and employment protection rules as well as the quality of education and training, the efficiency of various public sector agencies and labour supply effects of care for children and the elderly. Special attention is paid to two 'success stories': New Zealand's 'Kiwi-model' and the Dutch 'Polder-model'. The book provides a welcome addition to the scarce evidence on both the costs and the benefits of structural reform and identifies the policy problems and the analytical issues at stake.This book will be indispensable to policymakers and academics with an interest in structural reform and macroeconomic policy.Table of ContentsContents: Preface 1. Structural Reform: The Issues Part I: Experiences with Structural Reform 2. Reform and Experience in New Zealand 3. The Policy Experience of Structural Reform in the Netherlands 4. Structural Reform in the Netherlands and New Zealand: Two Roads to Success? Part II: Modelling Structural Reform 5. Gains from Improved Sectoral Efficiency in Norway 6. A Dynamic CGE Analysis of the Danish 1993 Tax Reform Act Part III: Measuring Structural Reform 7. A Miracle or Not? Recent Trends in the Growth Performance of the Dutch Economy 8. Productivity, Wage Moderation, and Specificity in Factor Inputs Index
£95.00
Edward Elgar Publishing Ltd Stock Markets, Speculative Bubbles and Economic
Book SynopsisThis book sheds new light on the role of speculative bubbles in the stock market and argues that, provided they are sustainable, bubbles may in fact have a positive effect on the market.In many developed countries, speculative bubbles in stock markets seem to have emerged as a persistent phenomenon. This book offers new perspectives on the role bubbles play in recent economic development. The author refutes the traditional argument that speculative bubbles necessarily increase instability or develop at the expense of real activities. He argues that, when profitable investment projects are scarce, bubbles on the stock market may provide additional investment opportunities with the potential to increase aggregate profits and to improve economic welfare. However, he allows that this potentially positive effect can only occur if bubbles are sustainable and do not burst. Highly sophisticated financial systems are needed in order to allow for positive effects to develop or, as recent experience in Asia has shown, the destabilizing effects will outweigh the potential benefits.The book takes a groundbreaking view on speculative bubbles and will be invaluable to academics and practitioners with an interest in financial economics.Trade Review'. . . Binswanger does a superb job in explaining the relationship between the financial sector and the real economy. The book is excellent reading for advanced courses and researchers in financial and monetary macroeconomics.' -- E. Ahmed, Journal of Economics / Zeitschrift fur Nationalokonomie'The book is impressive by its broad sweep through a large area of the financial economics literature, and the fact that a coherent and extensive model is developed and some of its implications are tested on US data. . . . the book is very worthwhile in that it successfully reviews and integrates a broad swathe of the finance literature, builds a coherent set of models and stories to support it and applies some of the more recent techniques from time-series econometrics to test the model's implications. . . . I would recommend it to readers seeking an accessible review yet particular interpretation of this area of the literature and to students looking for a contemporary example of the process of modelling and related empirics.' -- D.E. Allen, Economic Record'This book integrates economic theory and financial markets, with extensive empirical verification that provides much food for thought. . . . gives a more reasoned economic approach to current markets than can be found in the more popular texts. . .' -- Edmund A. Mennis, Business Economics'A well-crafted book combining strong theoretical analysis with empirical verification, in an attempt to shed light on an important new economic phenomenon.' -- Paul de Grauwe, University of Leuven, Belgium'An interesting and challenging contribution that contrasts the existing literature on the real foundations of financial markets in a refreshing way.' -- Heinz Zimmermann, University of St Gallen, SwitzerlandTable of ContentsContents: Preface Introduction Part I: Important Aspects of Money and Finance in Modern Economies 1. Finance and the Real Economy – The Variety of Keynesian and Non-Keynesian Perspectives in Recent Research 2. Endogenous Money Creation and its Economic Implications 3. The Finance Process on a Macroeconomic Level from a Flow Perspective: A New Interpretation of Hoarding Part II: The Stock Market and Speculative Bubbles: Theoretical Background 4. The Role of Speculation in Economics 5. Do Bubbles Enhance Dynamic Efficiency? 6. Explaining Persistent Deviations from Fundamental Values on the Stock Market: Dynamic Extensions of the Noise Trader Model Part III: The Stock Market and Speculative Bubbles: Empirical Evidence 7. The 1980s Merger Wave, Speculative Bubbles, and the Shift to Debt: Leveraged Restructuring Transactions as Stock Price Boosters 8. Investment Activity, Profits and the Stock Market in the US Economy: Some Lessons from the Flow of Funds Data 9. Stock Returns and Real Activity: Is there Still a Connection? Part IV: Conclusion 10. Towards a Sustainable Bubble Economy? References Index
£126.00
Edward Elgar Publishing Ltd Reconciling Trade and the Environment: Lessons
Book SynopsisThe link between trade and the environment has focused on two broad issues: how changing trade regimes have affected the environment and how stricter environmental regulations have affected trade. The answers are of particular importance to developing and transition countries where the relationship between trade and the environment has a major impact. This unique book, based on eleven case studies undertaken by research institutes in developing countries with the support of UNCTAD and UNDP, provides detailed empirical evidence from Brazil, China, Colombia, Costa Rica, India, Malaysia, The Philippines, Poland, Thailand, Turkey and Zimbabwe. The central questions addressed are: has the international programme of trade liberalization affected the environment negatively? are stricter environmental regulations in both developed and developing countries having an effect on exports and imports and how can these effects be addressed? what impacts, if any, result from differences in environmental standards between richer and poorer countries? what impacts have multilateral environmental agreements had on trade flows between developed and developing countries what impacts are firms' voluntary measures to protect the environment having on the export flows from developing and transition countries? The book provides a wealth of information and shows a wide difference of outcomes from country to country, allowing the authors to draw an interesting set of conclusions. It will be useful for students and researchers in environmental and international economics and will be essential reading for policymakers in government and non-governmental organizations.Trade Review'The main contribution of the volume by Jha et al is the wealth of empirical material presented on the case study countries. Until this book was published, there was little material available on the impact of trade on the environment of specific developing countries.' -- Rhys Jenkins, Journal of Development Studies'This book provides a very useful and welcome contribution to the understanding of the dynamic relationship between liberalized trade and environmental protection.' -- Edith Brown Weiss, EnvironmentTable of ContentsContents: Foreword 1. Overview and Lessons Learnt 2. Environmental Policy, Market Access and Competitiveness: The Experience of Developing Countries 3. Policy Instruments in Multilateral Environmental Agreements: Experience of Developing Countries 4. Brazil 5. China 6. Colombia 7. Costa Rica 8. India 9. Malaysia 10. The Philippines 11. Poland 12. Thailand 13. Turkey 14. Zimbabwe 15. Conclusions and Guidelines for Further Work Index
£126.00
Edward Elgar Publishing Ltd Trade and the Environment: Selected Essays of
Book SynopsisAlistair Ulph has made a major contribution to the literature on trade-environment issues. This impressive book gathers together a selection of his most influential papers covering the last eight years, paying special attention to strategic environmental policy and its implications.The book addresses the often expressed concern that globalization and trade may have a detrimental effect on the environment. Drawing on the tools of modern trade theory, Alistair Ulph argues that even if governments seek to use their environmental policies to secure strategic trade advantages, this need not imply they will necessarily set too weak environmental policies and regulations. The extent to which governments set these environmental policies to secure competitive trade advantage is also examined.Environmental and trade economists, policy advisors to national governments and international trade and environment agencies, will find this book of immense value in understanding the links between trade and environment policies.Table of ContentsContents: Introduction Part I: The Issues – and An Overview Part II: Strategic Environmental Policy Part III: Strategic Environmental Policy and Plant Location Part IV: Policy Implications Index
£111.00
