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Author: Barry Eichengreen Publisher: Cambridge University Press ISBN: 1009367587 Category : Business & Economics Languages : en Pages : 443
Book Description
Central banks were not always as ubiquitous as they are today. Their functions were circumscribed, their mandates ambiguous, and their allegiances once divided. The inter-war period saw the establishment of twenty-eight new central banks – most in what are now called emerging markets and developing economies. The Emergence of the Modern Central Bank and Global Cooperation provides a new account of their experience, explaining how these new institutions were established and how doctrinal knowledge was transferred. Combining synthetic analysis with national case studies, this book shows how institutional design and monetary practice were shaped by international organizations and leading central banks, which attached conditions to stabilization loans and dispatched 'money doctors.' It highlights how many of these arrangements fell through when central bank independence and the gold standard collapsed.
Author: Simon Hinrichsen Publisher: ISBN: 1009343939 Category : Business & Economics Languages : en Pages : 242
Book Description
War reparations have been large and small, repaid and defaulted on, but the consequences have almost always been significant. Ever since Keynes made his case against German reparations in The Economic Consequences of the Peace, the effects of transfer payments have been hotly debated. When Nations Can't Default tells the history of war reparations and their consequences by combining history, political economy, and open economy macroeconomics. It visits often forgotten episodes and tells the story of how reparations were mostly repaid - and when they were not. Analysing fifteen episodes of war reparations, this book argues that reparations are unlike other sovereign debt because repayment is enforced by military and political force, making it a senior liability of the state.
Author: Carl-L. Holtfrerich Publisher: Routledge ISBN: 1351890778 Category : History Languages : en Pages : 243
Book Description
The twentieth century has seen the rise of modern central banking. At its close, it is also witnessing the first steps in the decline of the role of some of the most famous of these institutions. In this volume, some of the world’s best known specialists examine the process whereby central banks emerged and asserted themselves within the economic and political spheres of their respective countries. Although the theory and the political economy that presided over their creation did not show great divergence across borders, a considerable institutional variety was nevertheless the result. Among the many factors responsible for this diversity, attention is drawn here not only to the idiosyncrasies of domestic financial systems and to the occurrence of political shocks with major monetary repercussions, such as wars, but also to the peculiarities of each economy and of the political and social climate reigning at the time when central banks were created or formalized. The twelve essays cover European, Asian and American experiences and many of them use a comparative approach.
Author: R. P. Barston Publisher: Routledge ISBN: 1351270079 Category : Political Science Languages : en Pages : 512
Book Description
Contemporary, thoughtful and extensively illustrated, Modern Diplomacy examines a broad range of current diplomatic practice. This leading and widely used book - now in its fifth edition - equips students with a detailed analysis of important international issues that reflect and impact upon diplomacy and its relations. The subject is brought to life through case studies and examples which highlight the working of contemporary diplomacy within the international political arena. Organised around five broad topic areas, including the nature of diplomacy, diplomatic methods, negotiation, the operation of diplomacy in specific areas and international conflict, the book covers all major topic areas of contemporary diplomacy. New features for this edition: Developments in diplomatic practice Strategies in diplomacy International trade, geopolitics and agreements Diplomacy of new regional organisations and groupings Developing country diplomacy Non-traditional diplomacy New concepts – parallel and counter diplomacy New case studies include: the Paris Climate Agreement, Brexit, international finance and trade agreements, and the UN security forces. Modern Diplomacy is essential reading for students and practitioners of international relations, foreign policy, international law, international political economy, international economics, the Foreign Services Institutes and the National Diplomatic Academies.
Author: Onno de Beaufort Wijnholds Publisher: Springer Nature ISBN: 3030400417 Category : Business & Economics Languages : en Pages : 312
Book Description
Central banks are major players in today’s economic and financial policy-making. While respected for their technical acumen and their pivotal role in defusing the global financial crisis, they are at the same time mistrusted by others and considered to be too powerful. In order to contribute to a better understanding of the why, what and how of central banking, this book traces the progress of central banks from modest beginnings, including financing wars, to the powerful institutions they have become. It describes the evolution of the Bank of England to a fully-fledged central bank, the very different route taken by the Federal Reserve and, much later, by the European Central Bank. The gold standard, floating exchange rates, and the battle against inflation are covered in depth, alongside a review of modern monetary policy and central banks’ role in maintaining financial stability. Throughout the book, the ups and downs of central banks’ relationship vis-a-vis their governments are a recurring theme, even surmising that reigning in the independence of central banks risks inflicting serious damage to economic and financial stability. Uncovering the challenges that the money masters may face in an uncertain future, this book will be of interest to academics, researchers, and practitioners in central banking, finance, and economics at large.
Author: Richard L. Kugler Publisher: NDU Press ISBN: 0160890829 Category : Political Science Languages : en Pages : 130
Book Description
NOTE: NO FURTHER DISCOUNT FOR THIS PRINT PRODUCT- OVERSTOCK SALE -- Significantly reduced list price The U.S. Government has recently issued seven major studies that together put forth a comprehensive blueprint for major global changes in U.S. national security strategy, defense plans, and diplomacy. These seven studies are brought together in this illuminating book, which portrays their individual contents and complex interrelationships and evaluates their strengths and shortfalls. It argues that while these studies are well-written, cogently argued, and articulate many valuable innovations for the Department of Defense, Department of State, and other government agencies, all of them leave lingering, controversial issues that require further thinking and analysis as future U.S. national security policy evolves in a changing and dangerous world. For all readers, this book offers a quick, readable way to grasp and critique the many changes now sweeping over the new U.S. approach to global security affairs."
Author: Ms. Adina Popescu Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 43
Book Description
Central banks around the world are increasingly exploring central bank digital currencies (CBDCs). This paper investigates the possible impacts of cross-border CBDCs on capital flows and financial stability in a simple open economy extension of a classical model of bank runs, augmented with the presence of a credible foreign central bank, which issues an account-based interest bearing CBDC available to nonresidents. The paper finds that the presence of a foreign CBDC which acts as an international safe asset may increase the risk of financial disintermediation in the domestic banking sector, which can be accompanied by higher and more volatile capital flows.
Author: Barry J. Eichengreen Publisher: NBER Series on Long-term Factors in Economic Development ISBN: 9780195101133 Category : Business & Economics Languages : en Pages : 484
Book Description
This book offers a reassessment of the international monetary problems that led to the global economic crisis of the 1930s. The author shows how policies, in conjunction with the imbalances created by World War I, gave rise to the global crisis of the 1930s.
Author: Reza Gharoie Ahangar Publisher: BoD – Books on Demand ISBN: 1839629657 Category : Business & Economics Languages : en Pages : 184
Book Description
Investment and portfolio strategies are some of the most exciting topics in finance. This book presents the most up-to-date topics and techniques in finance to facilitate the investment process for researchers and investors in selecting appropriate investment strategies with the emergence of new issues and concepts in financial areas. This book contains nine chapters divided into three sections: The first section, “Investment and Portfolio Strategies,” discusses different investment strategies in portfolio selection. The second section, “Behavioral Finance and Investment Decisions,” examines the application of behavioral finance in investment decisions. The last section, “Emerging New Trends in Finance,” includes some new and interesting finance topics that can depict our vision for the future arena of finance.
Author: Barry Eichengreen
Author: Barry Eichengreen
Author: Barry Eichengreen
Author: Simon Hinrichsen
Author: Carl-L. Holtfrerich
Author: R. P. Barston
Author: Onno de Beaufort Wijnholds
Author: Richard L. Kugler
Author: Ms. Adina Popescu
Author: Barry J. Eichengreen
Author: Reza Gharoie Ahangar