Описание: This book uniquely explores the role and governance mechanism of central banks by applying new institutional economics (NIE). Simultaneously, the book tests the analytical viability of NIE when applied to an organization that has both public and private characteristics. Special attention is paid to the Bank of Japan (BOJ) based on the author’s 30 years of work experience and “participant observation” there, touching upon discussion of central bank independence. The book argues that central bank independence cannot be defended solely by law, and a mechanism to eliminate requests from politicians needs to be embedded within the governance structure. The book also provides a comparative analysis between the BOJ and central banks in Europe and the USA. In reviewing the global financial crisis of 2008–2009, it suggests possible measures based on behavioral economics and public choice theory. These theory-based analyses provide useful insights when considering matters such as whether a central bank should issue electronic money or the European system of central banks could be established in Asia.
Описание: Gravitational waves, predicted by Einstein`s general theory of relativity, have now been observed by the LIGO and Virgo detectors, heralding an exciting new era of multimessenger astrophysics. IAU S338 explores how space-time and electromagnetic messengers can be correlated, to help us understand many high-energy astrophysical phenomena.
Автор: John Cullen Gruesser Название: Edgar Allan Poe and His Nineteenth-Century American Counterparts ISBN: 1501366688 ISBN-13(EAN): 9781501366680 Издательство: Bloomsbury Academic Рейтинг: Цена: 5226.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Winner of the 2019 Patrick F. Quinn Award for the best book on Poe (awarded by the Poe Studies Association)Edgar Allan Poe and His Nineteenth-Century American Counterparts addresses Poe’s connections with, critical assessments of, borrowings from, and effect on his literary peers. It situates Poe within his own time and place, paying particular attention to his interactions with, and impact on, figures such as Nathaniel Hawthorne, Walt Whitman, Herman Melville, Mark Twain, Harriet Jacobs, and Pauline Hopkins. John Cullen Gruesser rebuts myths that continue to cling to Poe, demonstrates Poe’s ability to transform themes he encountered in the works of his literary contemporaries into great literature, and establishes the profound influence of Poe’s invention of detective fiction on nineteenth-century American writers.
Описание: After Pearl Harbor, German, Italian and Japanese diplomats, along with their staffs and families, were relocated to two lavish but isolated resorts in Appalachia, where the State Department insisted they be treated as distinguished guests. As the war progressed, other Axis envoys were similarly detained. (The Japanese ambassador to Germany was captured by U.S. soldiers in Europe and held in a small hotel in rural Pennsylvania, while the War Department argued for treating him as a war criminal and the local population decried his luxurious accommodations.)Informants were recruited, attempts at espionage and escape were foiled, diplomats complained and squabbled endlessly, babies were born and townspeople made threats, while newspapers published outlandish exposes of wild parties.Based on government documents, the recollections of detainees and hotel staff and contemporary newspaper accounts, this book is the first to focus on the day-to-day lives of the nearly 1,000 detainees during their six-month confinement.
Описание: The first decade of the 21st Century has been disastrous for financial institutions, derivatives and risk management. Counterparty credit risk has become the key element of financial risk management, highlighted by the bankruptcy of the investment bank Lehman Brothers and failure of other high profile institutions such as Bear Sterns, AIG, Fannie Mae and Freddie Mac. The sudden realisation of extensive counterparty risks has severely compromised the health of global financial markets. Counterparty risk is now a key problem for all financial institutions. This book explains the emergence of counterparty risk during the recent credit crisis. The quantification of firm-wide credit exposure for trading desks and businesses is discussed alongside risk mitigation methods such as netting and collateral management (margining) and central counterparties. Banks and other financial institutions have been recently developing their capabilities for pricing counterparty risk and these elements are considered in detail via a characterisation of credit value adjustment (CVA). The implications of an institution valuing their own default via debt value adjustment (DVA) and funding costs (FVA) are also considered at length. Portfolio management and hedging of CVA are described in full. Wrong-way counterparty risks are addressed in detail in relation to interest rate, foreign exchange, commodity and credit derivative products. Regulatory capital for counterparty risk, including the recent Basel III requirements for CVA VAR is discussed. The management of counterparty risk within an institution by a CVA desk is also discussed in detail. Finally, the design and benefits of central clearing, a recent development to attempt to control the rapid growth of counterparty risk, is considered. Hedging aspects, together with the associated instruments such as credit defaults swaps (CDSs) and contingent CDS (CCDS) are described in full. This book is unique in being practically focused but also covering the more technical aspects. It is an invaluable complete reference guide for any market practitioner, policy maker, academic or student with any responsibility or interest within the area of counterparty credit risk and CVA.
Vast and diverse, Brooklyn is often portrayed in literature as a place of traditional community values and face-to-face relations, distinct from anonymous, capital-driven Manhattan. Brooklyn Fictions discovers what such representations of the New York borough can teach us about diversity and the individual, the local and the global.
Combining analysis of popular texts such as Sister Souljah's The Coldest Winter Ever with more canonical novels such as Jonathan Lethem's The Fortress of Solitude, this study draws on the work of a variety of theorists on community and globalization and uses Brooklyn as a case study for an exploration of the complex relationship between romantic ideals of community and global economic forces. With cites often depicted as sites of conflict and fear, this is a crucial contribution to our understanding of the contemporary urban community and the ethical issues involved in conceptualizing and portraying it in literature.
Vast and diverse, Brooklyn is often portrayed in literature as a place of traditional community values and face-to-face relations, distinct from anonymous, capital-driven Manhattan. Brooklyn Fictions discovers what such representations of the New York borough can teach us about diversity and the individual, the local and the global.
Combining analysis of popular texts such as Sister Souljah's The Coldest Winter Ever with more canonical novels such as Jonathan Lethem's The Fortress of Solitude, this study draws on the work of a variety of theorists on community and globalization and uses Brooklyn as a case study for an exploration of the complex relationship between romantic ideals of community and global economic forces. With cites often depicted as sites of conflict and fear, this is a crucial contribution to our understanding of the contemporary urban community and the ethical issues involved in conceptualizing and portraying it in literature.
Описание: This book examines the ways in which sporting institutions are engaged with the local community in projects that target youth, health or social engagement, and have accidentally and informally become governance mechanisms.
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