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Financial crises

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Opportunistic politicians maximize the probability of reelection and rents from office holding. Can it be optimal from their point of view to delegate policy choices to independent bureaucracies? The answer is yes: politicians will delegate some policy tasks, though in general not those that would be socially optimal to delegate. In particular, politicians tend not to delegate coalition forming redistributive policies and policies that create large rents or effective campaign contributions. Instead they prefer to delegate risky policies to shift risk (and blame) on bureaucracies.

Financial crises.

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Are financial crises embedded in IT? Can gender studies offer insights into financial reporting? Feminist theories and Science and Technology Studies (STS) can enrich a critique of financial crises in capitalism as the author argues their critical, political economic approaches to communication can help in understanding because they historicize technology and economy and how these are materially embedded. Current literature has neglected finance and capital's gendered aspect - even - the ideology of a 'crisis'. This book develops four themes: women as resources in financial markets and as producers of values; gender ideology and unequal distribution; machine production and distribution of financial information and the varied actuality of markets. Working with case histories of tulipmania, microcredit, Wall Street reporting and the role of 'screens', Bubbles and Machines argues that rather than calling financial crises human-made or inevitable they should be recognized as technological.

Financial crises.

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This paper studies sharp reductions in current account deficits and large exchange rate depreciations in low- and middle-income countries. It examines which factors help predict the occurrence of a reversal or a currency crisis, and how these events affect macroeconomic performance. It finds that both domestic factors, such as the low reserves, and external factors, such as unfavorable terms of trade and high interest rates in industrial countries, trigger reversals and currency crises. The two types of events are, however, distinct; indeed, current account imbalances are not sharply reduced in the years following a currency crisis. Economic performance around these events is also quite different. An exchange rate crash is associated with a fall in output growth and a recovery thereafter, while for reversal events there is no systematic evidence of a growth slowdown.

Currency crises.

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The massive disruptions caused by climate change, the Covid-19 Pandemic, war, and ever-rising inequalities have presented the world with challenges across social and economic life, health and education, policy, politics, and community life. Compassion is a central Buddhist value and practice but is also essential to our survival. Defined as feeling genuine concern about the suffering of others and, critically, coupled with a commitment to attempt to alleviate or prevent it. The desire and commitment to help are what differentiates compassion from similar emotions like empathy and sympathy. Compassion demands the courage to turn toward suffering with clarity and skilful means.　 Hence, we have the Buddhist recognition that compassion is inseparable from wisdom, in the analogy of the two wings. This book is titled, Cultivating Compassion: Going Beyond Crises as it is rooted in this perspective while presenting different approaches which aim to advance our understanding of the questions and dilemmas posed by the current global crises and the cultivation of compassion.

Financial crises.