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Environment
Looks at the problems facing Europe's environment, and suggests ways in which readers can act to protect their environment.
Do Markets Underprice Natural-resource Commodities?
Not systematically, except for the environmental externalities associated with the production and use of natural- resource commodities - especially mineral commodities, which cause the most pollution.
Economic Valuation and the Natural World
Economic valuation can help improve decisions about protecting the environment . By inputing values to unpriced goods, it can make public choices more cost-efficient and thus allow limited public income to be optimally spent.
The Baltic States
Since the end of the Cold War there has been an increased interest in the Baltics. The Baltic States brings together three titles, Estonia, Latvia and Lithuania, to provide a comprehensive and analytical guide integrating history, political science, economic development and contemporary events into one account. Since gaining their independence, each country has developed at its own pace with its own agenda and facing its own obstacles. The authors examine the tensions accompanying a post-communist return to Europe after the long years of separation and how each country has responded to the demands of becoming a modern European state. Estonia was the first of the former Soviet republics to enter membership negotiations with the European Union in 1988 and is a potential candidate for the next round of EU expansion in 2004. Lithuania and Latvia have also expressed their desire for future membership of NATO and the EU.
International Economic Law and Monetary Measures
The 20072010 global financial crisis re-opened the debate on the reform of the international monetary and financial system. This well-argued book demonstrates the strategic role of international economic law (IEL) in ensuring international monetary stability and global financial stability. After discussing the current allocation of powers among IEL institutions, Annamaria Viterbo focuses on monetary measures: exchange restrictions, capital controls and exchange rate manipulations. These three fundamental topics are then examined through the lens of a multi-layered methodology, adopting perspectives from international monetary law, trade law and investment law. The author evaluates how the ho...
Market Discipline Across Countries and Industries
Leading academics and policymakers address the theory of market discipline and consider evidence across different industries and countries. The effectiveness of market discipline -- the strong built-in incentives that encourage banks and financial systems to operate soundly and efficiently -- commands much attention today, particularly in light of recent accounting scandals. As government discipline, in the form of regulation, seems to grows less effective as the banking industry and financial markets grow more complex, the role of market discipline becomes increasingly important. In this collection, which grew out of a conference cosponsored by the Federal Reserve Bank of Chicago and the Ba...
IMF Staff papers, Volume 42 No. 3
This paper analyzes long-term exchange rate modeling. The paper reviews the literature that tests for a unit root in real exchange rates and the closely related work on testing for a unit root in the residual from a regression of the nominal exchange rate on relative prices. It argues that the balance of evidence is supportive of the existence of some form of long-term exchange rate relationship. The paper highlights that the form of this relationship, however, does not accord exactly with a traditional representation of the long-term exchange rate.
Toxic Releases by Manufacturing
Would free trade result in greater and more rapid environmental degradation for developing countries? Less protection of their domestic industrial chemical industries would reduce the pollution-intensity of their manufacturing sector - but merely relocating firms that emit globally damaging toxins clearly misses the point.
