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Originally printed in German in 1993, this updated and revised version has been translated into English. Lots of new photos and updated data were added to the text as Gerlach traces the beginnings of the Amish movement in Switzerland, their development and contribution to agriculture in Europe, and their spread throughout Europe as well as their eventual decline. A short portion covers the Amish in North America. This is the most comprehensive book on the Amish in Europe. (401pp. color illus. index. Masthof Press, 2013.)
This volume brings together various analytical studies the IMF staff has undertaken on the Japanese economy, focusing on two areas of particular interest for both longer-term economic performance and recent cyclical developments. The first is Japan's saving behavior, the second is the remarkable swing in asset prices that occurred in the late 1980s and early 1990s.
"This book is an attempt to establish a link between the known Anabaptist families in Switzerland and Germany in the 1600's and 1700's and the Anabaptist families who arrived in Pennsylvania between 1709 and 1776"--Forward (Vol. 1)
Historians have traditionally studied late medieval education backward – through the eyes of religious and political reformers critical of that which preceded them. This has led to significant distortions. Histories written from this perspective, tend to overemphasize the novelty of early modern educational reforms at the expense of evident continuities, and focus on conflict between ecclesiastical and lay authorities rather than cooperation. This book focuses instead, on the medieval experience of education through a detailed reconstruction of the educational landscape of late medieval Regensburg. The resulting picture provides new insights into the relationship between civic authorities and ecclesiastical institutions, the role of education in social and economic mobility, and the connections between local communities and broader European educational structures.
2011 Updated Reprint. Updated Annually. Starting and Operating Business in Africa Handbook
This paper offers Algeria's recent experience with macroeconomic stabilization and systemic transformation from a centrally planned to a market economy. The analyses focuses on the period since 1994 when Algeria embarked on a comprehensive reform program that has benefitted from IMF support, first through a one-year Stand-by Arrangement, and from May 1995, through a three-year arrangement under the Extended Fund Facility. To better understand this experience, this paper provides some background information on Algeria's political history and economic developments during the period preceding the Stand-By arrangement.
The program of budget restraint and reduction of the quasi-fiscal losses, supported by the IMF's Stand-By Arrangement, was successful in bringing domestic demand down to sustainable levels, lowering inflation, and narrowing the current account deficit. The stabilization effort was supported by the fiscal policy. A sensitivity analysis is used to assess banking sector vulnerabilities. The Deposit Guarantee Fund (DGF) is operating satisfactorily but will need to strengthen its resources considerably to provide a sufficient level of support. The insurance sector is small and underdeveloped.
The financial system remains vulnerable to weak governance in smaller banks and also to weaknesses in banks’ balance sheets. Banking is characterized by high real interest rates, large spreads, and a limited appetite for lending. Stress tests indicate that the banking system is relatively resilient to the direct effects of individual shocks, with credit risk having the greatest impact. Deficiencies in the framework for banks’ liquidity management are developmental in nature but need to be addressed to avoid systemic problems.
In this book prominent academics and central bankers explore the framework for securing financial stability in a changing environment. The papers focus in particular on the following crucial issues for central banks and regulatory institutions around the world: (i) the implications of recent changes in the financial system worldwide for financial stability; (ii) an optimal design of prudential policy; and (iii) the relationship between the two ultimate goals of central banks - price stability and financial stability.