This book offers a comprehensive analysis of the problems that the current working of capital markets are generating on both developed and developing economies.
Starting with an overview of Modigliani's life, the authors explain and assess his influential theories, including his theory of the life-cycle hypothesis of saving; the famous Modigliani-Miller theorem in corporate finance; stabilisation policy; econometric model building and forecasting, and his legacy and influence on contemporary economics.
Although economists have long pointed to the aggregate gains from increased economic integration, the popular perception of globalization is much more pessimistic.
This book provides an original and wide-ranging analysis of the impact of Economic and Monetary Union (EMU) on economic governance in the EU and in several key Member States within and outside the Euro area.
This book, based upon a large-scale research project, examines alternative types of exchange rate policies being pursued and the changing nature of exchange rate policy during the transition process in four countries, Slovenia, Bulgaria, Poland and the Czech Republic.
The relation between structural reform and macroeconomic policy underlies the widespread perception that the large European economies have under-performed in the past decade in comparison both with their own standards and with the contemporaneous performance of the United States.
After the crisis in emerging market economies in the mid-late 1990s, the adoption of internationally recognised standards, or codes of good practice, was seen as a way to help strengthen the international financial system.
This volume examines the process by which Keynes' message got interpreted and re-interpreted and thus separated into a Left and a Right political-economic stream.
The fusion of know-how and capital from Hong Kong and Taiwan with the substantial labour resources on China has led to the emergence of a dynamic economy of 'Greater China' rivalling the USA, the European Union and Japan.
The logic behind European monetary cooperation and integration can only be understood through an examination of French efforts to maximise their monetary power in relation to Germany and America.
This book has been written as a practical guide for finance markets professionals to explain US monetary policy and to make forecasts of future interest rate levels.
The Guangdong province is the forerunner of China's economic reform, it has developed rapidly in the last twenty years since opening up its economy to the outside world.
The authors present a comprehensive and timely discussion of economic capital and financial risk management for financial services firms and conglomerates.
Globalization and National Economic Welfare makes an original, powerful and timely contribution to a highly topical issue that affects all countries by showing why globalization is unsustainable in the long term without fundamental changes in existing attitudes and institutions.
PPP is one of the most widely researched areas in international finance and one of the most controversial in the theory of exchange rate determination.
This book explores the disastrous economic consequences of pseudo lending for pseudo reforms that occurred when the IMF, as a representative of the West, pretended to aid the transition economy of post-communist Russia through stabilization while the Russian government promised reforms.
Emerging from ten years of post-bubble recession, the Japanese business and economic system will need to enter a period of radical restructuring in order to return to the growth of former years and maintain its influential position in the development of new technologies.
This book focuses on the latest developments in the Asia-Pacific community in terms of how deregulation and privatization are bringing more risk to energy companies.
Treating the market economy as a complex adaptive system offers a better explanation of how it works than does the mechanical analogy of neoclassical equilibrium theory.
The Political Economy of Regionalism: The Case of Southern Africa challenges prevailing wisdom, showing how ruling political elites and 'big business' join forces with certain external actors in order to promote market integration and economic globalization, boost regimes, and to satisfy group-specific and even personal interests.
This book makes the case that economies are complex systems and in response to this, develops a unique dynamic nonequilibrium process analysis of macroeconomics.
Much critical attention has been given in recent years to market and credit risks, which have a significant effect on corporate and financial operations and must be understood and managed with care.
Motivated by the proliferation of fiscal consolidation episodes in the advent of Monetary Union, this book explains the causes and consequences of fiscal policy in Europe, using theory and empirical evidence from the last four decades.
Since the 1997 Asian financial crisis, East Asia has implemented a number of initiatives designed to strengthen monetary and financial cooperation, bolstering the region's resilience to economic and financial vulnerabilities.
