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Currency Conflicts on the International Scene
There has been discussion of ‘currency wars’ for a number of years. The longest-running recent issue has been the persistent US current account deficit and the matching surpluses elsewhere in the world, particularly China. These ‘global imbalances’ surfaced before 2000, and look set to continue for many years more, with little sign of the US deficit or Chinese surplus closing, despite some movement in the real exchange rate. The issue is wider than this. In 2011 Japan took steps to limit the rise of the yen. There was concerted action by several central banks after the major earthquake in north-east Japan on 11th March 2011, and late in October 2011 Japan took unilateral action to pr...
Economics
Retaining Stiglitz's neat integration of microeconomics and macroeconomics, Driffill emphasizes policy themes so that students get a sound grasp of real world issues. Major modifications have been made so that recent developments in monetary policy, such as the emergence of the Euro or the appointment of the Monetary Policy Committee of the Bank of England are fully covered. Growth, unemployment and European policy issues are all comprehensively presented.
The Workers of Nations
The international economy is a key factor shaping relations between employers, unions and governments in the world's advanced industrial societies. This study reports how globalization affects the contemporary workplace and how workplace policies can make
Counting Islam
This book explains why Islamist parties have dominated the politics of Egypt for the better part of fifty years. Analyzing Islamist electoral performance and behavior before and after the 2011 revolution that unseated former dictator Hosni Mubarak, this book argues that Islamists win elections not because Egyptians are fundamentalists, but because these parties have more organizational resources to call on than their secular rivals.
Macroeconomic Theory
This graduate textbook is a "primer" in macroeconomics. It starts with essential undergraduate macroeconomics and develops in a simple and rigorous manner the central topics of modern macroeconomic theory including rational expectations, growth, business cycles, money, unemployment, government policy, and the macroeconomics of nonclearing markets. The emphasis throughout the book is on both foundations and presenting the simplest model for each topic that will deliver the relevant answers. The first two chapters recall the main workhorses of undergraduate macroeconomics: the Solow-Swan growth model, the Keynesian IS-LM model, and the Phillips curve. The next chapters present four fundamental...
Suspect Others
This ethnography considers how spirit mediums interactively create self-knowledge out of interpersonal suspicion in the racially and religious diverse Caribbean country of Suriname.
Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation
Addresses the implications of private equity for the governance of corporations, the capital markets in which they operate and the professionals who provide corporate advisory services. Justin O'Brien from Charles Sturt University.
Financial Market Bubbles and Crashes, Second Edition
Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, and equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and can also be defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.
Thirty Years of Economic Policy
Over the last 30 years, Economic Policy has strived to produce policy relevant and rigorous analyses of the economic challenges of the time. This volume brings together a number of key articles which have been highly influential, shaping thinking among academic economists and policymakers.
Militants or Partisans
The exceptional experiences of South Korea and Taiwan in combining high growth and liberal democracy in a relatively short and similar timetable have brought scholarly attention to their economic and political transformations. This new work looks specifically at the operation of workers and unions in the decades since labor-repressive authoritarian rule ended, bringing Taiwan, in particular, into the literature on comparative labor politics. South Korean labor unions are commonly described as militant and confrontational, for they often take to the streets in raucous protest. Taiwanese unions are seen as moderate and practical, primarily working through formal political processes to lobby their agendas. In exploring how and why these post-democratization states have come to breed such different types of labor politics, Yoonkyung Lee traces the roots of their differences to how unions and political parties operated under authoritarianism, and points to ways in which those legacies continue to be perpetuated. By pairing two cases with many similarities, Lee persuasively uncovers factors that explain the significant variation at play.
