What explains Eurozone member-states' divergent exposure to Europe's sovereign debt crisis? Deviating from current fiscal and financial views, From Convergence to Crisis focuses on labor markets in a narrative that distinguishes the winners from the losers in the euro crisis. Alison Johnston argues that Europe's monetary union was structured in a way that advantaged the corporatist labor markets of its northern economies in external trade and financial lending. Northern Europe’s distinct economic advantage lay not with its fiscal capabilities, which were not that different from those of southern Eurozone countries, but with its wage-setting institutions. Through highly coordinated collective bargaining, the euro North persistently undercut the inflation performance of southern trading partners, destining them to a perpetual cycle of competitive decline and external borrowing. While northern Europe’s corporatist labor markets were always low inflation performers, monetary union ultimately made their wage-setting institutions toxic for the South.The euro’s institutional predecessor, the European Monetary System, included economic and institutional mechanisms that facilitated macroeconomic adjustment and convergence between the common currency’s corporatist and noncorporatist economies. Combining cross-national statistical analysis with detailed qualitative case studies of Denmark, Germany, Italy, Ireland, the Netherlands, and Spain, Johnston reveals that monetary union’s removal of these mechanisms allowed external imbalances between these two blocs to grow unchecked, underpinning the crisis in which Europe currently finds itself. Rather than achieving the EU’s goal of an ever-closer union, the common currency produced a monetary environment that destabilized the economic integration of its diverse labor markets.
Автор: Amitava Sarkar Название: Functional Instability or Paradigm Shift? ISBN: 8132217543 ISBN-13(EAN): 9788132217541 Издательство: Springer Рейтинг: Цена: 14673.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The study investigates the working of the Indian stock market in recent years and attempts to look for functional instability, if any, embedded in the stock market. The global stock market is having its influence on Indian stock market.
Автор: Pinstrup-Andersen, Per Название: Food Price Policy in an Era of Market Instability ISBN: 0198788835 ISBN-13(EAN): 9780198788836 Издательство: Oxford Academ Рейтинг: Цена: 6097.00 р. Наличие на складе: Поставка под заказ.
Описание: Food price volatility is one of the major challenges facing current and future global food systems. This book analyses how and why governments responded as they did to the global food crisis of 2007-09 and what their decisions can teach us about policy interventions.
Автор: George McKenzie; Stephen Thomas Название: Financial Instability and the International Debt Problem ISBN: 1349217328 ISBN-13(EAN): 9781349217328 Издательство: Springer Рейтинг: Цена: 8384.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The authors argue clearly and convincingly in this book that the debt crisis which has plagued the world economy for the past ten years is due to the inherent fragility of financial markets.
Описание: This Palgrave Pivot contextualizes Henry George as an important and uniquely American figure in the fields of economics and political economy, with special emphasis on the frontier and innovation. This book discusses George’s concept of rent as the result of economic progress, explains George’s argument that the rise in rents caused by economic progress in turn generates inequality and poverty, and examines the relevance of these ideas in today’s financialized global economy. This book adds to the very necessary discussion of whether our current financial industry is a benefit or a drain on human economic well-being.
Описание: From 1716 to 1845 Scottish banks were among the most dynamic and resilient in Europe, effectively absorbing economic shocks that rocked markets in London and on the continent. Tyler Beck Goodspeed explains the paradox that Scotland`s banking system achieved this success without the regulations Adam Smith considered necessary for economic stability.
Автор: S. McBride; L. Dobuzinskis; Marjorie Griffin Cohen Название: Global Instability ISBN: 1402009461 ISBN-13(EAN): 9781402009464 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Presents a series of papers that address the political consequences of globalization for states and their populations, while exploring the issue of alternatives to the model of globalization. They also talk about the challenges posed by globalization, including currency instability in an environment of financial deregulation.
Автор: Jill M. Hendrickson Название: Regulation and Instability in U.S. Commercial Banking ISBN: 1349327816 ISBN-13(EAN): 9781349327812 Издательство: Springer Рейтинг: Цена: 11179.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The historical response to bank crises has always been more regulation. A pattern emerges that some may find surprising: regulation often contributes to bank instability. It suppresses competition and effective response to market changes and encourages bankers to take on additional risk. This book offers a valuable history lesson for policy makers.
Автор: Zgheib Philippe W. Название: Impacts of Political Instability on Economics in the MENA Region ISBN: 152259535X ISBN-13(EAN): 9781522595359 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 18810.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: "This book addresses the political Instability and its effects on the economics of the MENA countries. It also covers economic growth, brain drain, capital controls, corruption, economic reform, economic shocks, uncertainty, vulnerability, economics inequality, FDI flows, corruption, financial crises, terrorism, stock market crashes/crises, poverty, sustainability, and tourism"--
Автор: Carlin, Wendy; Soskice, David Название: Macroeconomics: Institutions, Instability and the Financial System ISBN: 0199655790 ISBN-13(EAN): 9780199655793 Издательство: Oxford Academ Рейтинг: Цена: 12354.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Carlin and Soskice integrate the financial system with a model of the macro-economy. In doing this, they take account of the gaps in the mainstream model exposed by the financial crisis and the Eurozone crisis. This equips the reader with a realistic modelling framework to analyse the economy both in crisis times and in periods of stability.
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