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The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.
Central banks are supposed to stabilize markets, yet decades of mounting central bank power have seen wave after wave of financial crisis. Leon Wansleben offers novel explanations for the rise of central banks and the problematic implications of their finance-dependent policies.
Sustainable Finance and Climate Change explores the legal and regulatory framework that governs the transition to a carbon free economy, looking in particular at the regulation of the financial sector and corporate liability for climate change and biodiversity loss. In addition it looks at the effect on general corporate law, environmental law, central bank law, as well as litigation and arbitration.
Since 2005, Angela Merkel has transformed not only the way Germans see themselves but also the way that politicians worldwide, male and female, perceive women in power. The East German daughter of a Protestant pastor, this physicist-turned-politician has deployed her life experiences to cultivate a unique set of leadership skills. Her pragmatic, data-driven, and future-oriented approach to politics - grounded in a commitment to democratic pluralism, human rights, and personal responsibility - has produced extraordinary paradigm shifts in many national policies in the wake of major crises. As the first English-language scholarly book to provide an in-depth account of her career and influence, Becoming Madam Chancellor examines Merkel's achievements across six key policy domains, contextualizes these within broader German history before and after reunification, and uncovers the personal and political factors that have contributed to Chancellor Merkel's hard-earned status as the world's most powerful woman.
One of the key elements in Brazil ́s foreign policy is his challenge to the distribution of power on the international level. The current system of world governance is considered unfavorable to developing countries and unfavorable to Brazilian interests. Hence Brazil's efforts with developing countries and its BRICS partners to work together to replace hegemony and unilateralism with a greater democratization of world governance.
Il governo di Mario Draghi sembra la definitiva consacrazione del primato degli esecutivi tecnici su quelli politici. Eppure, non più di tre anni fa le elezioni ci consegnarono la vittoria dei movimenti e dei partiti populisti e anti-sistema. Quel momento è definitivamente tramontato? Ne discutono alcuni fra i massimi politologi italiani.
Das deutsche Wirtschaftsmodell ist unausgewogen und hochgradig riskant. Der Grund: Die starke Abhängigkeit von der Droge Exportismus. Andreas Nölke zeigt die aktuellen Gefahren der Exportlastigkeit der deutschen Wirtschaft und liefert ein fulminantes Plädoyer für ein neues Wirtschaftsmodell, das nachhaltiger, stabiler und im globalen Kontext ausgewogener balanciert ist.
How creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes reader...
While no member of the public could have missed the Greek crisis, it has been represented only by the refraction in journalism of the views of politicians, economists and international bureaucrats. The voice of artists, “the antennae of the race”, has been so far unheard. In specially commissioned essays by major Greek writers and critics which appear for the first time in any language, the reader of this book will find new insights into the crisis, its causes and its wider ramifications. It will interest not only students of Greece, but anyone concerned with the highly topical and intertwined issues of nationalism, historical memory, otherness, migration, and xenophobia. By being simultaneously a reflection on and a reflection of a society in deep crisis, this book also offers a model for future studies.
After the financial crisis, what important lessons can we learn from fiscal policy? This book provides an answer to this question.