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Financing European Local Government
First Published in 1993. This is the second of two collections devoted to the question of local government in Europe. This volume deals with the financing of local (including, where applicable, state, provincial, and regional) governments in western Europe. The eight sections bring together an unusually large number of country studies in one volume: France, Germany, Great Britain, Italy, The Netherlands, four Nordic countries - Denmark, Finland, Norway, Sweden, - and Spain, as well as a comprehensive survey of grant systems in western Europe. The studies reflect the diversity of both the inherited finance systems and, despite a general trend of greater fiscal pressure in the 1980s, some diversity of the changes in the levels of financial discretion between countries.
Reforming the Governance of the Financial Sector
This volume argues that good governance is crucial to the success of any regulatory regime, and explores how better governance of the financial sector can be achieved.
Financial Markets and the Macroeconomy
The financial instability and its spillover to the real sector have become a great challenge to macro-economic theory. The book takes a Keynesian theoretical perspective, representing an attempt to revive what Keynes stressed in his General Theory, namely the role of the financial market in macroeconomic outcomes. Although this book is inspired and motivated by the Asian currency and financial crises in the years 1997-8 and the experiences of the currently evolving U.S. financial disruptions, it also focuses on reviving a modeling tradition that provides a theoretical framework that throws light on recent financial market episodes and disturbances and their macroeconomic effects. It brings t...
The New Governance of Welfare States in the United States and Europe
Until recently, studies of changes in the welfare state have tended to focus on transformations in the nature of social policies and their level of generosity. The New Governance of Welfare States in the United States and Europe concentrates on an often overlooked dimension: territorial and governance transformations. Employing detailed case studies and more than seventy-five interviews, Mariely López-Santana captures how a variety of postindustrial countries across both sides of the Atlantic have transformed the postwar organization of their labor market policy settings through decentralization, centralization, and delegation reforms. These changes have in turn changed the role of national and subnational levels of government, as well as nongovernmental actors, in the organization, management, and provision of labor market policies and services. López-Santana's multidisciplinary, comparative, and multilevel approach to welfare state change is an original and important step forward in our understanding of welfare reforms enacted since the mid-1990s.
The Lender of Last Resort
The capacity of national central banks to 'step in' and bail out an economy is one which has proved to be vitally important over the years. This collection from Wood and Capie brings together important literature for the first time in book form.
Central Banking, Asset Prices and Financial Fragility
In this book Tymoigne argues that financial stability should be the sole goal of central banks and suggests an alternative to the inflation targeting framework showing how interest-rate policy can help to solve some of the problems faced by central bankers.
Economic Incentives and Environmental Policies
This book contains a collection of papers on economic incentives and environmental policies which result from the authors' joint research work in the program `Environment, Science and Society', conducted under the auspices of the European Science Foundation, with whose cooperation the book has been published. The work concentrates on the scientific and methodological aspects of the development, implementation and evaluation of economic instruments at a national level. The research is both theoretical and empirical. At a theoretical level attention is given to the dynamics of instrument choice in various political and economic contexts, and to the means for evaluating economic instruments in terms of their effectiveness and efficiency. At an empirical level the research seeks to investigate the performance of economic instruments in reality and to explore options for new approaches on the interface between technology, economy and the environment. A subject index complements this first volume in the ESF `Environment, Science and Society' series.
Money, Uncertainty and Time
This excellent new book from one of the brightest young economists, Giuseppe Fontana, involves a compendium of issues surrounding uncertainty, money and time. Fontana shines a post Keynesian light onto statements and claims made by well-known neo-classical authors and as such leaves readers with an interesting and informative book to be read and re-read by all those scholars and students involved with monetary economics.
Local Public Finance in Europe
'...the book contains a good deal of useful information about local government finance in Europe.' - John Fender, Local Government Studies '...I would like to thank you for publishing the great book Local Public Finance in Europe. It is a rare source of institutional information and also great insights on the subject.' - Andrey Timofeev, Georgia State University, US 'In respect of the hard budget constraint imposed by the stability pact for Maastricht...and the fact that European central governments can no longer bail out sub-federal obligations for more than 3% deficit to GNP annually and 60% debt to GDP...the volume edited by B. Dafflon is important and highly welcome.... Insofar, it repre...
Cultures of Expertise in Global Currency Markets
Notwithstanding financial crises, global foreign exchange markets have undergone a tremendous growth during the last two decades. Foreign exchange (FX) is often thought of as a site where economic actors exchange currencies for buying foreign goods or selling goods in foreign countries, but the FX markets are better understood as financial spheres, dominated by speculative actors. A key question is how this huge global speculative sphere has developed, and what maintains it. Thus far, global currency markets have been largely neglected by the new approaches to finance, and until now no study has existed to chart the interplay of their structural evolution and their shape as knowledge spheres...
