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Bismarck's Institutions
  • Language: en
  • Pages: 308

Bismarck's Institutions

The decline in birth rates in advanced economies is not a new phenomenon. Between 1880 and 1900 birth rates dropped from 5.5 children per woman to 2.5 children per woman. A further decline from 2.5 to 1.5 or even 1.3 children took much longer - about 80 years. One of the most apparent causes is, however, widely ignored. Beatrice Scheubel tries to fill this gap. According to the so-called Social Security Hypothesis, insurance against the risks of life (i.e. poverty for all sorts of reasons, in particular, age) by the state crowds out all types of private insurance. One of the (vast) different possibilities to privately insure oneself against poverty is having children. That is why it should not be surprising to witness falling birth rates given the sheer magnitude of the welfare state. In this book, Beatrice Scheubel analyses the effects of the first comprehensive system of social security, which was introduced between 1883 and 1891 in Germany.

Casino Capitalism
  • Language: en
  • Pages: 401

Casino Capitalism

An English translation of Professor Sinn's title, Kasino-Kapitalismus, that provides an account of the origins of the recent financial crisis. The volume examines the causes of the crisis, points out the flaws in the economic rescue packages, and presents a master plan for the reform of financial markets

The Global Financial Cycle: Quantities Versus Prices
  • Language: en
  • Pages: 36

The Global Financial Cycle: Quantities Versus Prices

We quantify the importance of the Global Financial Cycle (GFCy) in domestic credit and various local asset prices and compare it with that in capital flows. Using 2000-2021 data for 76 economies and a simple methodology, we find that each respective series’ common factor and conventional US GFCy-drivers together typically explain about 30 percent of the variation in domestic credit, up to 40 percent in stock market returns, about 60 percent in house prices, and more than 75 percent in interest rates and government bond spreads. These median estimates much exceed the 25 percent for capital flows. Our findings help to put the existing literature into context and have important implications for economic and financial stability policies, notably for the usage of quantity tools (e.g., FX interventions) that impact asset prices.

A Political Theology of the Bureaucratic State
  • Language: en
  • Pages: 173

A Political Theology of the Bureaucratic State

Liberal democracies of the twenty-first century face the continuing economic tensions of globalization and the various populist political responses. In A Political Theology of the Bureaucratic State, Steven T. Lane argues that a deeper problem exists underneath the neoliberal system of contemporary democratic capitalism—the bureaucratic state and the ways it deploys its sovereignty. Yet these problems have received little attention from Christian political thinkers in the fields of ethics or political theology. By bringing thinkers from across the academic disciplines, from political philosophy and economics to biblical interpretation and public policy, and using modern case-studies related to public health and welfare state, Lane address the foundational issues affecting liberal democracies and the claims to power they make against their citizens.

Demographic Change in Germany
  • Language: en
  • Pages: 223

Demographic Change in Germany

This book provides an up-to-date summary of the consequences of demographic aging for labor markets, financial markets, economic growth, social security schemes and public finances in Germany, essentially reflecting the present state of knowledge in any of these areas. All contributions are written by leading experts in their fields and are based on results that emerge at the forefront of current research.

An Economic History of the First German Unification
  • Language: en
  • Pages: 391

An Economic History of the First German Unification

There is a striking chronological parallel between Germany’s transition from a post-Malthusian regime to modern economic growth and the formation of a modern nation-state between the late 1860s and the early 1880s, which culminated in the events of 1871.The central question of this book is whether and how such state formation did in fact contribute to economic development. Twenty chapters written by leading experts in their respective fields deal with various aspects of the book’s main question. Together, they identify three channels by which national unification contributed to Germany’s economic development: (1) Creation of a nation-state completed a process of institutional Unificati...

Macro-financial Stability Policy In A Globalised World: Lessons From International Experience - Selected Papers From The Asian Monetary Policy Forum 2021 Special Edition And Mas-bis Conference
  • Language: en
  • Pages: 724

Macro-financial Stability Policy In A Globalised World: Lessons From International Experience - Selected Papers From The Asian Monetary Policy Forum 2021 Special Edition And Mas-bis Conference

Since at least the Great Financial Crisis, authorities around the world have increasingly relied on macroprudential policy to help secure financial stability and complement monetary policy as an integral element of a broader macro-financial stability framework. In today's interconnected global financial system, policy actions taken by the major advanced economies can have spillovers on the rest of the world through their impact on capital flows and exchange rates, potentially generating vulnerabilities across borders. Conversely, in emerging market economies, macroprudential policy as well as foreign exchange intervention and/or capital flow management policy can help mitigate the correspond...

Chapters of European Economic History
  • Language: en
  • Pages: 181

Chapters of European Economic History

The Chapters of European Economic History describe key moments in the economic development of the European continent and its offshoots. Starting with antiquity through the Middle Ages, it continues with the economic impact of the Age of Exploration and the Reformation. The Agricultural and Industrial Revolutions or Liberal Movements are analysed against the background of the ever increasing influence of European states on economic affairs around the globe. Europe was the continent to establish colonies in large areas of the world shaping their production, trade, and investment patterns. The author describes two waves of globalisation with the first one starting around 1830 and being centred ...

Irregular Immigration
  • Language: en
  • Pages: 208

Irregular Immigration

  • Type: Book
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  • Published: 2015-02-18
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  • Publisher: Mohr Siebeck

Irregular immigration is at the forefront of the political and public debate in the European Union. Images of desperate people arriving at the southern shores of the EU regularly dominate the media coverage. In this book, Steffen Minter focuses on the coordination problems between EU Member States in dealing with immigrants and refugees entering the EU. The author demonstrates that the enforcement of the external EU border constitutes a public good as long as irregular immigrants have the possibility to move on between member states once they have entered EU territory. In this scenario he analyzes the interaction between border enforcement and immigration amnesties from an economic point of view. Furthermore, he introduces a mechanism to implement financial burden sharing between Member States, so that an efficient level of border enforcement can be achieved.

Economics and Ageing
  • Language: en
  • Pages: 599

Economics and Ageing

This upper level textbook provides a coherent introduction to the economic implications of individual and population ageing. Placing economic considerations into a wider social sciences context, this is ideal reading not only for advanced undergraduate and masters students in health economics and economics of ageing, but policy makers, professionals and practitioners in gerontology, sociology, health-related sciences, and social care. This volume introduces topics in labour economics, including the economic implications of ageing workforces. It covers pension economics and pension systems with their macroeconomic and distributive effects, and the question of risk. Finally, it describes macroeconomic consequences of ageing populations on aggregate saving, inflation, international trade, and financial markets.