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This book provides essential legal information on state secession in an innovative manner: unlike conventional approaches, which invariably focus on whether there is a right to secession, here the discussion centers on how secessionist conflicts can be effectively resolved. To that end, the book not only reveals the inadequacy of the current international legal framework, but also carefully considers how relevant actors can work to improve the legal system. In short, it argues that secessionists and non-secessionists should conclude an agreement to reconcile their conflicting rights to self-determination, while external actors should do their utmost to ensure the success of these efforts. Positive external involvement requires external actors to refrain from the use of force and to participate more rationally in secessionist conflicts. Given its subject matter, the book will appeal to a broad readership, including students and researchers in international law, international relations and ethnic studies, as well as enthusiasts in these fields.
International relations. --- Philosophy of law. --- Sources and Subjects of International Law, International Organizations. --- Human Rights. --- International Relations. --- Philosophy of Law. --- Coexistence --- Foreign affairs --- Foreign policy --- Foreign relations --- Global governance --- Interdependence of nations --- International affairs --- Peaceful coexistence --- World order --- National security --- Sovereignty --- World politics --- International law. --- Human rights. --- Political science. --- Administration --- Civil government --- Commonwealth, The --- Government --- Political theory --- Political thought --- Politics --- Science, Political --- Social sciences --- State, The --- Basic rights --- Civil rights (International law) --- Human rights --- Rights, Human --- Rights of man --- Human security --- Transitional justice --- Truth commissions --- Law of nations --- Nations, Law of --- Public international law --- Law --- Law and legislation
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This book provides essential legal information on state secession in an innovative manner: unlike conventional approaches, which invariably focus on whether there is a right to secession, here the discussion centers on how secessionist conflicts can be effectively resolved. To that end, the book not only reveals the inadequacy of the current international legal framework, but also carefully considers how relevant actors can work to improve the legal system. In short, it argues that secessionists and non-secessionists should conclude an agreement to reconcile their conflicting rights to self-determination, while external actors should do their utmost to ensure the success of these efforts. Positive external involvement requires external actors to refrain from the use of force and to participate more rationally in secessionist conflicts. Given its subject matter, the book will appeal to a broad readership, including students and researchers in international law, international relations and ethnic studies, as well as enthusiasts in these fields.
International relations. Foreign policy --- Legal theory and methods. Philosophy of law --- International law --- Human rights --- mensenrechten --- filosofie --- recht --- internationaal recht --- internationale organisaties --- internationale betrekkingen
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Secession. --- Sécession --- Sovereignty. --- Souveraineté --- Self-determination, National. --- Droit des peuples à disposer d'eux-mêmes --- International law --- Droit international --- International relations. --- Relations internationales --- Human rights --- Droits de l'homme (Droit international)
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This paper examines whether the coordinated use of macroprudential policies can help lessen the incidence of banking crises. It is well-known that rapid domestic credit growth and house price growth positively influence the chances of a banking crisis. As well, a crisis in other countries with high trade and financial linkages raises the crisis probability. However, whether such “contagion effects” can operate to reduce crisis probabilities when highly linked countries execute macroprudential policies together has not been fully explored. A dataset documenting countries’ use of macroprudential tools suggests that a “coordinated” implementation of macroprudential policies across highly-linked countries can help to stem the risks of widespread banking crises, although this positive effect may take some time to materialize.
Banks and Banking --- Macroeconomics --- Money and Monetary Policy --- Real Estate --- Financial Aspects of Economic Integration --- International Policy Coordination and Transmission --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Housing Supply and Markets --- Financial Markets and the Macroeconomy --- Financial Crises --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Property & real estate --- Economic & financial crises & disasters --- Monetary economics --- Housing prices --- Banking crises --- Credit --- Macroprudential policy --- Macroprudential policy instruments --- Prices --- Financial crises --- Money --- Financial sector policy and analysis --- Housing --- Economic policy --- Switzerland
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This study expands the empirical specification of Cerra and Saxena (2008), and allows short-term output growth regimes to be determined by globalization. Relying on a non-linear dynamic panel representation, it reconciles the earlier results in the literature regarding the two opposite narratives of the effects of globalization on output growth. Countries experience higher growth, on average, the more open and integrated they are into the world. However, once they reach a certain globalization threshold (endogenously estimated), countries may also experience a new normal, persistently lower short-term output growth following a financial crisis. The benefits, as well as vulnerabilities, accrue earlier in the globalization process for low- and middle-income countries. To solely reap the globalization benefits on growth, sound policies should be in place to mitigate the negative effects stemming from increased vulnerabilities brought by globalization.
Banks and Banking --- Finance: General --- Financial Risk Management --- Macroeconomics --- Globalization --- International Finance: General --- Economic Growth of Open Economies --- Globalization: Macroeconomic Impacts --- Globalization: Finance --- Globalization: General --- Financial Crises --- Macroeconomics: Production --- General Financial Markets: General (includes Measurement and Data) --- Economic & financial crises & disasters --- Finance --- Production growth --- Financial crises --- Banking crises --- Stock markets --- Production --- Financial markets --- Economic theory --- Stock exchanges --- United States
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China’s high national savings rate—one of the highest in the world—is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one-child policy and the transformation of the social safety net and job security that occured during the transition from planned to market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic changes will put downward pressure on savings. Policy efforts in strengthening the social safety net and reducing income inequality are also needed to reduce savings further and boost consumption.
Saving and investment --- Demography --- Income distribution --- Historical demography --- Social sciences --- Population --- Vital statistics --- Macroeconomics --- Public Finance --- Macroeconomics: Consumption --- Saving --- Wealth --- Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Social Security and Public Pensions --- Aggregate Factor Income Distribution --- National Government Expenditures and Welfare Programs --- Personal Income, Wealth, and Their Distributions --- Public finance & taxation --- Income --- Social assistance spending --- Consumption --- Income inequality --- Disposable income --- National accounts --- Expenditure --- Expenditures, Public --- Economics --- National income --- China, People's Republic of
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