New Structural Financial Economics: A Framework for Rethinking the Role of Finance in Serving the Real Economy, Jiajun Xu, Justin Yifu Lin, Yilin Zhang, Zirong Yang
Описание: This Element proposes an alternative framework for rethinking the role of finance in serving the real economy from the perspective of New Structural Financial Economics. It challenges the conventional wisdom that developing countries should take the financial structure of developed countries as the benchmark and financial structure does not matter in spurring long-run economic development. As a sub-discipline of New Structural Economics, New Structural Financial Economics has three tenets. First, examining the appropriate financial structure should take an economy's factor endowment structure as the starting point of analysis, which identifies its latent comparative advantage. Second, the appropriate financial structure is determined by the financing needs of the prevailing production structure. Third, a government should provide development financing to address market failures, and make tailored financial regulations in line with the characteristics of specific financial arrangements. This title is also available as Open Access on Cambridge Core.
Название: Measuring the Real Size of the World Economy ISBN: 0821397281 ISBN-13(EAN): 9780821397282 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 7346.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The International Comparison Program (ICP) is a global statistical initiative to collect comparative price data to estimate Purchasing Power Parities (PPPs) of the currencies of the world’s economies. PPPs are a form of exchange rate between currencies that is based on price comparisons for every country with more than 1,000 goods and services. The ICP has become not only the largest international statistical program in the world, but also the most complex. The first coordinated attempt to produce purchasing power parities was carried out from 1967 to 1970 and was based on 10 countries. In the years leading up to 2005, six rounds of the ICP were conducted, each with more countries and improved methodology, with the 2005 ICP including 146 countries. The lessons learned from previous ICP rounds led to the development of several significantly new and improved methods for the 2005 ICP. The subsequent analysis of the 2005 data set the stage for additional improvements to the 2011 ICP.<br><br>This volume provides a comprehensive review of the statistical theory and methods underlying the estimation of PPPs and real expenditures, the choices made for the 2005 ICP round, and the lessons learned that led to improvements in the 2011 ICP. Disclosing the theory, concepts, and methods underlying estimates enhances the transparency of the 2011 ICP process. This allows interested stakeholders and users to fully understand the strengths, limitations, and assumptions underlying the estimates. This volume also contains several chapters about uses of the data from the 2005 ICP. These uses are significant because they expand the boundaries of the needs served by the ICP to encompass poverty estimation and analysis of the global economic situation.<br><br>Worldwide, no other statistical programme requires so much cooperation among national, regional, and international organisations. The ICP greatly depends on the overwhelming support received from national statistical offices. They assume the effort of and responsibility for providing the prices and other measures underlying all components of the gross domestic product and breaking it down into sub-aggregates.
Автор: J. Robertson Название: Power and Politics After Financial Crises ISBN: 1349354740 ISBN-13(EAN): 9781349354740 Издательство: Springer Рейтинг: Цена: 11179.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Foreign exploitation of economic crises in the developing world has been a central claim of neoliberal critics. This important and recurring international theme is the subject of closer scrutiny in this new collection, where contributors offer competing interpretations of the interaction between international and domestic forces after crises.
Автор: Rym Ayadi Название: Banking Business Models ISBN: 3030022471 ISBN-13(EAN): 9783030022471 Издательство: Springer Рейтинг: Цена: 11878.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is a result of several years of research to provide readers with a novel and comprehensive analysis on business models in banking, essential to understanding bank businesses pre- and post- financial crisis and how they evolve in the financial system. This book will provide depositors, creditors, credit rating agencies, investors, regulators, supervisors, and other market participants with a comprehensive analytical framework and analysis to better understand the nature of risk attached to the bank business models and its contribution to systemic risk throughout the economic cycle. The book will also guide post-graduate students and researchers delving into this topic.
Описание: <p>Economic development is a process of continuous technological innovation and structural transformation. Development thinking is inherently tied to the quest for sustainable growth strategies. This book provides a neoclassical approach for studying the determinants of economic structure and its transformation and draws new insights for development policy. The market is the basic mechanism for effective resource allocation at each level of development. However, economic development as a dynamic process entails structural changes, including industrial upgrading and diversification and corresponding improvements in hard and soft infrastructure. Such upgrading and improvements require co-ordination and go hand in hand with large externalities to firms' transaction costs and returns to capital investment. Thus, in addition to an effective market mechanism, the government should play an active role in facilitating structural changes. The book provides empirical evidence in support of this framework as well as concrete advice to development practitioners.</p>
Автор: Nauro F. Campos, Paul De Grauwe, Yuemei Ji Название: Economic Growth and Structural Reforms in Europe ISBN: 1108479111 ISBN-13(EAN): 9781108479110 Издательство: Cambridge Academ Рейтинг: Цена: 20434.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Written for policy makers as well as economists, this book focuses on the question of how structural reform programmes have been affecting growth, employment, investment, inequality and external imbalances in European countries. It includes a new theoretical framework, new data, new empirical methodologies and detailed case studies.
Название: Rethinking finance in the face of new challenges ISBN: 1801177899 ISBN-13(EAN): 9781801177894 Издательство: Emerald Рейтинг: Цена: 16262.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Rethinking Finance in the Face of New Challenges provides an overview of the new research perspectives devoted to financial activity, reconsidering the opposition between orthodox and heterodox schools of finance.
Описание: MSMEs are an important engine of economic growth and development due to their large share in total employment and their participation in production value chains and trade. However, they are often disadvantaged due to their small operational size and lack of financial resources, skills/knowledge, and outreach. These disadvantages are associated with: poor access to markets; low bargaining power with customers and suppliers leading to low product prices, high costs and lower profits; weak organizational capacities and low-skilled human resources; inadequate institutional support and networking; and difficulty accessing finance. With regard to the last point, governments and related agencies have devised mechanisms in recent decades to facilitate improved flows of finance to MSMEs, but many challenges remain. As this publication addresses, MSMEs are particularly vulnerable to the socio-economic crisis caused by the COVID-19 pandemic, as well as the policy responses enacted, and they require supportive policy measures from state agencies to cope. Indeed, the virus has helped expose those vulnerabilities, as MSMEs typically lack the additional resilience that comes from operating at scale, nor do they have diversified business models that make it easier to pivot. Yet the virus itself did not actually cause the unprecedented economic downturn; rather, governments strategically shut down their economies in order to battle the virus more effectively, rightly placing public health above economic well-being. The resulting economic crisis has thus been deliberately induced by policy-makers – a somewhat new phenomenon.
Автор: Harrison, David Название: Price and Financial Stability ISBN: 0367590654 ISBN-13(EAN): 9780367590659 Издательство: Taylor&Francis Рейтинг: Цена: 6736.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Автор: Abd Rabou, Ahmed Название: Benchmarking Islamic Finance ISBN: 0367546477 ISBN-13(EAN): 9780367546472 Издательство: Taylor&Francis Рейтинг: Цена: 6123.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The book maintains that the Islamic financial system neither depends on LIBOR / EURIBOR nor is affected by the non-existence of them. The title thus, offers an alternative benchmarking solution for Islamic financial system as to its criteria, model, formula and technical know-how within the ambit of Maqasid al-Shari`ah.
The Asian financial crisis of 1997–1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financial liberalization was meant to spell the end of strategic industry policy and the state-directed "policy lending" it involved. Yet, largely unremarked by analysts, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries.Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change.
Автор: Olteanu Название: Access to Justice in Microfinance ISBN: 3319953230 ISBN-13(EAN): 9783319953236 Издательство: Springer Рейтинг: Цена: 11179.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book analyzes the whole path to justice: from the decision to enter the path to justice until justice is achieved and applies a mixed-methods approach using quantitative and qualitative data. It deliberately takes the consumer’s perspective and, beyond the scope of existing studies, does not only take into account the existence of mechanisms and forums to claim justice, but their appropriateness for vulnerable target groups. The book sheds more light on microfinance and other vulnerable clients who, due to existing barriers, cannot access grievance, redress or complaint mechanisms. Eliminating these access barriers would cater to the achievement of the 16th Sustainable Development Goal by increasing vulnerable consumers’ Access to Justice. This book will be of interest to academics researching access to justice, researchers focusing on consumer protection issues in developing countries, and practitioners working in financial inclusion.
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