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Crafting Consensus offers a new theory of committee decision making and provides a rich understanding of modern-day central banking by studying central banks' communication with the public. Using extensive empirical analysis, Nicole Baerg explains how central bank transparency depends on the configuration of central bank committee members' preferences and the institutional rules governing how committee members set policy. The book shows that monetary policy committees comprised of bankers with opposing inflation preferences communicate more precisely and that precise communication then has positive economic effects.
Taking an interdisciplinary approach, An Introduction to Global Studies presents readers with a solid introduction to the complex, interconnected forces and issues confronting today's globalized world. Introduces readers to major theories, key terms, concepts, and notable theorists Equips readers with the basic knowledge and conceptual tools necessary for thinking critically about the complex issues facing the global community Includes a variety of supplemental features to facilitate learning and enhance readers' understanding of the material
China has shifted its foreign policy from one that avoided engagement in international organizations to one that is now embracing them. These moves present a new challenge to international relations theory. How will the global community be affected by the engagement of this massive global power with international institutions? This new study explores why China has chosen to abandon its previous doctrine of institutional isolation and details how it is currently unable to balance American power unilaterally and details an indirect path to greater power. In addition, it includes the first major analysis of the Shanghai Cooperation Organization, comprising China, Russia and most of Central Asia...
This book seeks to fill knowledge gaps on migration, remittances and diaspora in Africa.
Since the early 1990s there has been an explosion of preferential trade agreements between North and South. Arguing that this is based on competition for investment opportunities rather than free trade, Mark Manger offers a new perspective on the roles of the state and corporations in changing patterns of international trade.
In recent decades, we have seen an explosion in expectations for greater accountability of public policymaking. But, as accountability has increased, trust in governments and politicians has fallen. By focusing on the heart of public accountability--the reason-giving by policymakers for their policy decisions (i.e. deliberative accountability)--this work offers an empirical route for understanding why more accountability may not always deliver more public trust. The focus is on the British Parliament, where both the Treasury Select Committee and the House of Lords Economic Affairs Committee hold hearings on monetary policy, financial stability, and fiscal policy. The intent in these hearings...
Remittances sent by African migrants have become an important source of external finance for countries in the Sub-Saharan African region. In many African countries, these flows are larger than foreign direct investment and portfolio debt and equity flows. In some cases, they are similar in size to official aid from multilateral and bilateral donors. Remittance markets in Africa, however, remain less developed than other regions. The share of informal or unrecorded remittances is among the highest for Sub-Saharan African countries. Remittance costs tend to be significantly higher in Africa both for sending remittances from outside the region and for within-Africa (South-South) remittance corr...
This book examines traditional balance of power theory from a political-economic perspective, using historical examples, to draw out distinctions between the liberal and realist approach and how this affects grand strategy. The realist view of the balance of power theory includes implicit assumptions that economic assets can be turned quickly into power, and that states always respond to threats quickly and only with a view to the 'short-run'. These assumptions drive many of the expectations generated from traditional balance-of-power theory, discouraging realists from looking at domestic sources of power, which in turn undermined their ability to frame strategic decisions properly. By think...
How the Muslim Brotherhood rose to power in Egypt, and what it means for the Islamic world Following the Arab Spring, the Muslim Brotherhood achieved a level of influence previously unimaginable. Yet the implications of the Brotherhood's rise and dramatic fall for the future of democratic governance, peace, and stability in the region are disputed and remain open to debate. Drawing on more than one hundred in-depth interviews as well as Arabic-language sources never before accessed by Western researchers, Carrie Rosefsky Wickham traces the evolution of the Muslim Brotherhood in Egypt from its founding in 1928 to the fall of Hosni Mubarak and the watershed elections of 2011-2012. Highlighting elements of movement continuity and change, Wickham demonstrates that shifts in Islamist worldviews, goals, and strategies are not the result of a single strand of cause and effect, and provides a systematic, fine-grained account of Islamist group evolution in Egypt and the wider Arab world. In a new afterword, Wickham discusses what has happened in Egypt since Muhammad Morsi was ousted and the Muslim Brotherhood fell from power.