Hong Kong's laissez-faire tradition has crippled attempts to transform it into a more knowledge-intensive economy and this is a lesson with wide applicability.
The 2008 financial crisis poses three fundamental questions for economists and policy makers; understanding the origins of the crisis, understanding the consequences of this crisis for the world economy, and finally understanding why the 2008 financial crisis is not as serious as the 1929 crisis.
Public sector organizations are about to enter one of the most challenging environments they have ever had to face as they bear much of the cost of the credit crunch.
The book describes the birth and growth of financial institutions and stock exchanges in Scandinavia and Finland from 1656 to 2010, including their banking crises and the history of banking regulation.
This book proposes new methods to build optimal portfolios and to analyze market liquidity and volatility under market microstructure effects, as well as new financial risk measures using parametric and non-parametric techniques.
The book presents arguments against the taxpayers'-funded bailing out of failed financial institutions, and puts forward suggestions to circumvent the TBTF problem, including some preventive measures.
This collection of conference papers presents a contemporary insight into key trends impacting on the global financial sector post crisis and highlights new policy and research areas affecting banks and other financial institutions.
Microfinance institutions (MFIs) provide a public good; if MFIs create and deepen markets where none existed before, there may be a case for public support.
This book provides a systematic account of financial crisis in the developing world by exploring how Minsky's theory may be extended to countries at early stages of financial development, going beyond the parameters of the established 'emerging market crisis' literature.
This book aims to showcase and advance recent debates over the extent to which undergraduate macroeconomics teaching models adequately reflect the latest developments in the field.
This book provides an in-depth analysis of neo-liberal and progressive economic reforms and policies implemented in Chile since the Pinochet dictatorship.
This book modifies the existing economic theory of health analysis by integrating the issues and principles of moral philosophy in an extended framework.
This study examines the manner in which Gunnar Myrdal's intellectual style left an impact on the shaping of Sweden's welfare state, on race relations in the United States, on post-World War Two economic cooperation in Europe, and on the analysis of Third World economic development.
This volume offers a comprehensive treatment of the development of Keynes's economic ideas in the General Theory of Employment, Interest and Money , using archival material, the historical record of the economics of Keynes's time and place and the scholarship available on Keynes's biography and philosophy.
This book discusses ways to improve macroeconomic policy in the context of the various macroeconomic problems of the past two decades, with the chapters having been written at various times over that period.
Given the propensity of the world financial system to crisis, this book explores the radical alternative put forward by Islamic (and Western) theories of non-interest banking.
This book provides a comprehensive overview and some economic analysis of China's economic reform experiences, particularly those since the late 1980s.
The leading researchers from central banks and universities around the world debate issues central to the performance of Divisia monetary aggregates both in theory and in practice.
Improving Banking Supervision shows how greater market discipline can be used to help improve the quality of banks and their management in a world of increasing complexity, size and innovation.
Banking, Capital Markets and Corporate Governance explores the fragility of the banking system, corporate governance, and the increasing securitization of corporate finance.
Happiness is a private matter and individual pursuit; however, public policy does have an important role and can contribute much through various enabling means.
Beginning with the key changes brought about in the economy by advanced technology and organisational and institutional innovations, the author elucidates their impact on industrial systems, accumulation, firms and the processes of European integration.
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.