Theoretical And Policy Oriented Aspects Of The External Debt Economics
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Theoretical And Policy Oriented Aspects Of The External Debt Economics
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Author : Chris Czerkawski
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Theoretical And Policy Oriented Aspects Of The External Debt Economics written by Chris Czerkawski and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The past approach to the international debt crisis has been traditionally based on conventional banking principle in which debt had to be paid back in fuH and in time. International lending was a function of the perceived credit standing of debtor country and the return on investment (ROI). If debtor country run into difficulties and had problems with service payments - it was generally assumed that the debt-related expenditures were mismanaged. With economic stability and firm financial rules - the debt crisis was supposed to disappear after application of appropriate adjustment measures. However in the world of inconsistent lending criteria greater uncertainty and increased volatility of expectations - the problem has continued to get worse. At the beginning of the 1990s a number of countries are more indebted than at any other time in the past. Until mid 1980s extern al debt economics has been rather a disembodied concept for most economists and business leaders. The main reason for this neglect of one of the most important macroeconomic categories was difficulty of distinguishing terminologically and methodologically the domestic determinants of national expenditures from the external ones. Then there were conceptual problems in distinguishing the functional determinants of macroeconomic liquidity from external and domestic determinants of macro-economic solvency. Moreover many studies of the debt crisis were one-sided. Usually debt was seen as a 'white-black' phenomenon with debtor countries accusing creditor countries for causing the crisis and vice versa.
Theoretical And Policy Oriented Aspects Of The External Debt Economics
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Author : Chris Czerkawski
language : en
Publisher:
Release Date : 1991-10-23
Theoretical And Policy Oriented Aspects Of The External Debt Economics written by Chris Czerkawski and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-10-23 with categories.
Foundations Of European Central Bank Policy
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Author : Wolfgang Gebauer
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09
Foundations Of European Central Bank Policy written by Wolfgang Gebauer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-09 with Business & Economics categories.
European central bank policy is already taking place today in an informal way. It comprises, in short, European exchange rate management and interest rate policy decisions within and without the European Monetary System (EMS). A focal point of such policy actions are the money market operating targets of European Central Banks. Those central bank policies appear to be dominated, however, by the Deutsche Bundesbank. This has caused recurring critical discussion of European asymmetries and German leadership in monetary stabilization pOlicies, before and after the EMS turbulences of September 1992. However, it should be pointed out that German dominance has increasingly evolved in a cooperative way, ever since the Committee of European Central Bank Governors began to meet regularly in 1964; the Basle-Nyborg accord of 1987 formed a further stage of cooperative efforts within the EMS. Presently, a small group of countries (including Benelux and Austria) generally follows, after prior 'concertation', German monetary policy patterns. In this narrow sense, there exists a European central bank policy within a "Deutsche-Mark-Zone". In a broader sense, European central bank policy is shaped, after proper consultation, by monetary cooperation between the larger EMS countries, but once again dominantly influenced by Germany; recent problems of highjnterest rates in France and elsewhere due to (relative) restrictive German monetary pOlicies are striking examples. German monetary dominance, in the narrow or broad sense, obviously creates, in the long-run, an untenable situation in the eyes of European partner countries.
Economic Aspects Of German Unification
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Author : Paul J.J. Welfens
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-11-27
Economic Aspects Of German Unification written by Paul J.J. Welfens and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-27 with Political Science categories.
German unification is changing central Europe, the EC and international economic and political relations. Prosperous West Germany with its "social market economy" has absorbed the socialist GDR which is facing a complex systemic tranformation process. This volume analyzes the causes, developments, and processes that are associated with German unification. The merger of the two Germanies provides a unique laboratory like example of institutional and economic changes against which established economic theoreis and economic policy concepts can be tested. German unification raises, of course, many new questions for Grmany itself, Europe, and the whole international community. Will the enlarged Germany become a new economic giant in Europe and can the FRG maintain stability and prosperity? What macroeconomic and structural problems are faced by the new Germany and what are the effects for trade, investment, and growth in Germany`s partner countries? Will East Germany catch up with the West and can this process serve as a model forEastern Europe? What are the views of Poland and the USSR, and what implications arise for Western Europe and the United States? Finally, how isthe triangular relationship between the U.S., the EC, and Japan affected, and how does this affect the United States` ability to organize economic cooperation with Japan, Germany, and other leading economies?
International Bibliography Of Economics
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Author : British Library of Political and Economic Science
language : en
Publisher: Psychology Press
Release Date : 1993
International Bibliography Of Economics written by British Library of Political and Economic Science and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
Theoretical And Applied Studies On Turkish Economy Vol I
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Author : Selim Adem HATIRLI
language : en
Publisher: IJOPEC PUBLICATION
Release Date : 2020-07-20
Theoretical And Applied Studies On Turkish Economy Vol I written by Selim Adem HATIRLI and has been published by IJOPEC PUBLICATION this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-20 with Business & Economics categories.
The book, entitled “Theoretical and Applied Studies on Turkish Economy, Vol I”, aims to make contributions both to academic world, namely to the literature of economics and to real world through the formation of national economic policies in various aspects. The book is designed to examine Turkish economy from different perspectives and to contribute to the enhancement of competitiveness. For this aim, 46 scholars, 3 editors and the precious employees of IJOPEC Publications came together and published this book. In all chapters, current issues are tried to be examined through state-of-the-art econometric approaches and rigorous analysis. Like any other books, the process was toilsome and demanding but the aim is divine: to contribute to the literature and to Turkish economy. Although tiring, subsequent volumes of the examination of Turkish economy is planned to be published in the future.Consequently, any academician, or practitioner who is interested in Turkish economy and its connections with global economy would benefit from the book.
Commodity Tax Harmonization In The European Community
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Author : Andreas Haufler
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Commodity Tax Harmonization In The European Community written by Andreas Haufler and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The book is concerned with the main issues that arise for general commodity taxation in the internal market: the choice of a new international tax principle and the question of tax rate harmonization. The book provides a thorough discussion of these issues and evaluates the choices made by the European Community from a welfare-theoretic perspective by comparing them to feasible alternatives. The discussion integrates a large number of recent theoretical and policy-oriented contributions which have so far not been collected and summarized in a single volume. Special features of the book are that (a) the analysis combines elements of international trade theory and public finance, two economic disciplines which are rarely integrated; (b) a dual general equilibrium framework is used throughout the analysis, (c) a second-best setting is consistently employed, incorporating relevant policy constraints and integrating conflicting arguments in a single analytical framework, (d) part of the theoretical analysis is supplemented by a computable general equilibrium approach. The book shows that well-known international trademodels can be extended to model alternative principles for taxing international trade but also international differences in preferences for public goods and different views of government behavior - issues which are directly relevant for the discussion of tax rateharmonization but are rarely treated in an analytical way.
Spatial Search
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Author : Gunther Maier
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Spatial Search written by Gunther Maier and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Two areas have fascinated me for a long time. One is the micro economic theory of consumer behavior, the other one the role of space in economic processes. Usually, the two don't go together very well. In more advanced versions of microeconomic consumer theory its economic actor may face uncertainty, have to allocate resources over time, or have to take into ac count the characteristics of products, but rarely deals with space. He/she inhabits a spaceless point economy. Regional Science, on the other hand, describes and analyzes the spatial structure and development of the econ omy, but either ignores individual decision making altogether or treats it in a rather simplistic way. In this book I try to bring together these two areas of interest of mine. I do this by use of the microeconomic concept of search and placing it in an explicit spatial context. The result, in my opinion, is a theoretical concept with fascinating implications, a broad set of potential implications, and numerous interesting research questions. After reading this book, where I layout the basic idea of spatial search, describe its elements, and discuss some of its implications, I hope the reader will share this opinion. There are still plenty of unanswered research questions in this part of economic theory. Hopefully, this book will stimulate more work along these lines.
Dynamic Factor Demand In A Rationing Context
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Author : Werner Smolny
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Dynamic Factor Demand In A Rationing Context written by Werner Smolny and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
A macroeconomic disequilibrium model is developed for the Federal Republic of Germany. Starting with a microeconomic model of firm's behaviour, the optimal dynamic adjustment of employment and investment is derived. The model of the firm is complemented by an explicite aggregation procedure which allows to derive macroeconomic relations. The model is estimated with macroeconomic data for the Federal Republic of Germany. An important feature is the consistent introduction of dynamic adjustment into a model of the firm. A new method is the particular approach of a delayed adjustment of employment and investment. The estimation results show significant underutilizations of labour and capital and indicate the importance of supply constraints for imports and exports. As the most prominent result, they reveal the importance of the slow adjustment of employment and investment for the macroeconomic situation in Germany and especially for the persistence of high unemployment in the eighties.
The Political Economy Of Transformation
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Author : Hans-Jürgen Wagener
language : de
Publisher: Springer-Verlag
Release Date : 2013-12-11
The Political Economy Of Transformation written by Hans-Jürgen Wagener and has been published by Springer-Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-11 with Business & Economics categories.
This book analyzes the political-economic implications of system transformation as experienced now in Central and Eastern Europe and in China. The whole societal organization being in motion and economic activitybeing in a deep recession, political leaders will find it extremely difficult to secure consensus and support for redesigning institutions, and stabilizing and restructuring activity. The ensuing process is certainly not one of optimal control, but has rather evolutionary characteristics leading constantly to paradoxes and dilemmas. The first part of the book discusses different paradigms within which the complex process of transformation could fruitfully be analyzed. Democratic theory, bargaining theory, efficiency theory, institutionalism - all contribute to the understanding of the complex phenomena. Keytopics of the second part are among others: policy aspects of privatization, adjustment of fiscal system and policy, industrialrestructuring, the different case of China. The book illustrates that the first euphoria of planning the transition to markets was rather naive, analytically and politically. Transformation is not only an economic puzzle, not even in the first place. It is very much of a sociopolitical problem andhas to be treated as such. The book can be used as a reader or as background literature in corresponding course.