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The public debt crisis in Europe has shaken the confidence not just in the Euro, but in the European model. Aging and uneconomical Europeans are being squeezed between innovative Americans and efficient Asians, it is said. With debt and demographics dragging down them down, one hears that European economies will not grow much unless radically new ways are discovered. The end of complacency in Europe is a good thing, but this loss of confidence could be dangerous. The danger is that in a rush to rejuvenate growth, the attractive attributes of the European development model could be abandoned along with the weak. In fact, the European growth model has many strong points and enviable accomplish...
"The Global Financial Crisis and the following period of 'secular stagnation' have raised questions about the state of modern economics and macroeconomics in particular. This has had repercussions for social sciences that deal with economic issues. In particular in the fields of International Political Economy (IPE) and Comparative Political Economy (CPE) there is rising interest in non-mainstream macroeconomic theories (Blyth and Matthijs 2017, Baccaro and Pontussen 2016). In CPE there is a recognition that the field has in the past decades increasingly shifted to institutional and microeconomic questions and disregarded Keynesian considerations of macroeconomic instability and problems of fallacies of composition (Schwartz and Tranoy 2019). The purpose of this chapter is to give an overview of post-Keynesian economics (PKE) as a non-mainstream macroeconomic theory"--
This paper presents a detailed account of the rich set of macroprudential measures taken in four Southeastern European countries—Bulgaria, Croatia, Romania, and Serbia—during their synchronized boom and bust cycles in 2003–12, and assesses their effectiveness. We find that only strong measures helped contain domestic credit growth, the share of foreigncurrency- denominated loans provided by the domestic banking sector, or the domestic banking sector’s reliance on foreign borrowing during the boom years. We also find that circumvention via direct external borrowing often fully offset the effectiveness of these strict measures, and thatmeasures taken during the bust had no discernible impact. We conclude that (i) proper calibration of macroprudential measures is of the essence; (ii) only strong, broad-based macroprudential measures can contain credit booms; (iii) econometric studies of macroprudential policy effectiveness should focus on measures rather than on instruments (i.e. classes of measures) and in so doing allow for possible non-linear and state-contingent effects.
I can say with absolute certainty that, everybody enjoys watching movies, cinema, films and television. But few, if any, know how a film is made: a film has inbuilt special effects or 'tricks'to make it appealing to audiences. MOVING CAMERAS AND LIVING MOVIES reveals to you ALL about films & Filmmaking; it is a hard and tasking enterprise involving tens of thousands of workers and millions of investment dollars. After reading MOVING CAMERAS...your love for movies will triple. Movie technicians and camera gurus have a license to mould, alter, and manipulate the screen to produce or induce rain, sunlight, snow, fire, or fly any object in space in defiance of gravity or even cause 'accidents'or 'raise' the dead to life. Learn the fascinating, exciting world of film, actresses, actors, fashion, and fictional entities.
Master the art of building analytical models using R About This Book Load, wrangle, and analyze your data using the world's most powerful statistical programming language Build and customize publication-quality visualizations of powerful and stunning R graphs Develop key skills and techniques with R to create and customize data mining algorithms Use R to optimize your trading strategy and build up your own risk management system Discover how to build machine learning algorithms, prepare data, and dig deep into data prediction techniques with R Who This Book Is For This course is for data scientist or quantitative analyst who are looking at learning R and take advantage of its powerful analyt...
This book is intended for those who want to learn how to use R's capabilities to build models in quantitative finance at a more advanced level. If you wish to perfectly take up the rhythm of the chapters, you need to be at an intermediate level in quantitative finance and you also need to have a reasonable knowledge of R.
A tribute to Elisabeth Wild's kaleidoscopic and vibrant collages, with contributions that frame the importance of this singular artist's work and life. This beautifully designed monograph exhibits Elisabeth Wild's kaleidoscopic and vibrant collages. Using cutouts of commercial imagery from glossy magazines, Wild composes a dimensionless reality that is witty yet menacing, ancient yet immortal. Imagining figures that are structural and anatomical, her work presents a shimmering dream logic. Wooden totems and stone altars, woven rugs, and precious stones are the cosmic architectural inhabitants that unveil the artist's fantasies. Along with Wild's collages, this volume includes contributions b...
These guidelines are intended to assist countries in strengthening their policy frameworks for reserve management so that they can become more resilient to shocks that may originate from global financial markets or within the domestic financial system. The guidelines have been developed as part of a broader IMF work program to help strengthen international financial architecture, to promote policies and practices that contribute to stability and transparency in the financial sector, and to reduce external vulnerabilities of member countries.
Dictionary of Minangkabau with definitions in French and Indonesian.