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Germany in an interconnected world economy
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ISBN: 1616354240 1475522495 1475516711 1475582390 1299591159 9781299591158 9781475516715 9781475582390 9781616354244 9781475522495 Year: 2013 Publisher: Washington, D.C.

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Germany has been a central player in discussions on the future architecture of Europe, and has been called on to play a larger role in supporting global and, especially, European recovery from the financial crisis that triggered the Great Recession. This book focuses on the possible economic role of Germany and shows that the quantitative effects of a German fiscal stimulus would be small on the heavily indebted euro area periphery countries that most need the boost. The book finds that Germany itself faces a growth challenge and that efforts to raise its own growth potential are important for Germany, and that more rapid growth of domestic demand will more powerfully stimulate European economic growth through its expanded demand for imports.

Keywords

Business & Economics --- Economic History --- Economic development --- Germany --- Economic conditions. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Financial crises --- Economic conditions --- Foreign economic relations. --- E-books --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- 331.30 --- DE / Germany - Duitsland - Allemagne --- Economische toestand --- Exports and Imports --- Labor --- Macroeconomics --- Public Finance --- Production and Operations Management --- Current Account Adjustment --- Short-term Capital Movements --- Macroeconomics: Production --- Externalities --- Demand and Supply of Labor: General --- Unemployment: Models, Duration, Incidence, and Job Search --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Labour --- income economics --- International economics --- Public finance & taxation --- Currency --- Foreign exchange --- Spillovers --- Labor markets --- Productivity --- Total factor productivity --- Current account --- Financial sector policy and analysis --- Production --- Industrial productivity --- Balance of payments --- International finance --- Labor market --- Economic theory --- Income economics


Book
From Bear Stearns to Anglo Irish : How Eurozone Sovereign Spreads Related to Financial Sector Vulnerability
Author:
ISBN: 145191685X 1451872550 1282843230 1451986254 9786612843235 1462311377 Year: 2009 Publisher: Washington, D.C. : International Monetary Fund,

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This paper attempts to explain the recent rise and differentiation of sovereign spreads across the countries of the eurozone. Following the onset of the subprime crisis in July 2007, spreads rose but mainly on account of common global factors. The rescue of Bear Stearns in March 2008 marked a turning point. Countries thereafter were increasingly differentiated. Sovereign spreads of a eurozone country tended to rise when the prospects of its domestic financial sector worsened. It appears, therefore, that the rescue of Bear Stearns created a link between financial sector vulnerabilities and a larger contingent liability on public finances. Following the failure of Lehman Brothers, spreads also rose faster for countries with higher ratios of public debt-to-GDP. These transitional dynamics appear to have concluded with the nationalization of Anglo Irish: sovereign spreads throughout the eurozone jumped, with the jump emphasizing the differentiation by financial sector vulnerability and public debt levels. The results imply that, to varying degrees, countries may have moved to a new regime of weak economic outlook, financial sector fragilities, and strains on public finances.


Book
Euro tragedy : a drama in nine acts
Author:
ISBN: 9780199351381 9780199351398 9780199351404 9780190056322 0199351384 Year: 2018 Publisher: New York, N.Y. Oxford University Press

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EuroTragedy, listed by both Foreign Affairs and The Financial Times as one of the best books of 2018, is an authoritative history of the Eurozone from its origins in the post-World II era to the ongoing crisis that has wracked it since the 2008 financial crisis. It shows how the European push for integration was based on illusions and pursued in the face of warnings that the pursuit of unity was based on weak foundations. This updated paperback edition features coverage of the most important events that have occurred since the publication of the original hardcover edition.

Keywords

European Union --- History. --- Europe --- Economic conditions --- Economic integration --- 334.151.20 --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Internationale financiën --- International finance --- 336.7 --- 339.7 --- 336.7 Geldwezen. Kredietwezen. Bankwezen. Financien. Monetaire econonomie. Beurswezen --- Geldwezen. Kredietwezen. Bankwezen. Financien. Monetaire econonomie. Beurswezen --- 339.7 Internationale financien. Buitenlands betalingsverkeer --(z.o {336}) --- Internationale financien. Buitenlands betalingsverkeer --(z.o {336}) --- monetaire crisis --- monetaire beleid --- bank --- Europa --- Eiropa --- Ευρώπη --- Ewropa --- Euroopa --- Eurooppa --- Европа --- Európa --- hEorpa --- Evropa --- țări europene --- Europese landen --- země Evropy --- Euroopa riigid --- evropské státy --- países europeus --- evropské země --- европски земји --- European countries --- europæiske lande --- ευρωπαϊκές χώρες --- país europeo --- Euroopan maat --- paesi europei --- nazioni europee --- európske krajiny --- país de Europa --- európai országok --- Europos šalys --- pays européens --- státy Evropy --- Europese staten --- vende europiane --- europäische Länder --- europeiska länder --- banka --- bancă --- банка --- banca --- pankki --- bankas --- banc --- pank --- τράπεζα --- banque --- Bank --- обала --- banco --- bankë --- istituto bancario --- institiúid bhaincéireachta --- crise monétaire --- krizë monetare --- crisi monetaria --- měnová krize --- valuuttakriisi --- crisis monetaria --- monetarna kriza --- denarna kriza --- monetáris válság --- menová kríza --- valutakrise --- valūtas krīze --- парична криза --- criză monetară --- pinigų krizė --- Währungskrise --- crise monetária --- valutakris --- valuutakriis --- kryzys walutowy --- νομισματική κρίση --- kriżi monetarja --- monetary crisis --- монетарна криза --- géarchéim airgeadra --- kriżi finanzjarja --- krize měny --- crise financière --- finanční krize --- criză financiară --- finanšu krīze --- géarchéim airgeadais --- rahanduskriis --- nemzetközi pénzügyi válság --- Schuldenkrise --- crise financeira --- monetær krise --- rahoituskriisi --- finančná kríza --- crisi finanziaria --- krizë financiare --- finansiell kris --- currency crisis --- finančna kriza --- finanskris --- finantskriis --- kryzys finansowy --- financial crisis --- финансијска криза --- internationale Finanzkrise --- pénzügyi válság --- меѓународна финансиска криза --- валутна криза --- financiële crisis --- crisis financiera --- mezinárodní finanční krize --- финансиска криза --- χρηματοοικονομική κρίση --- должничка криза --- finanskrise --- krize finančního systému --- криза на финансискиот систем --- Finanzkrise --- финансова криза --- finansinė krizė --- History --- An Eoraip --- géarchéim airgeadaíochta --- E-books --- Europe - Economic integration - History --- Europe - Economic conditions - 1945 --- -E-books


Book
What is An Emerging Market?
Author:
ISBN: 1462362974 145273707X 128211025X 1451904266 9786613803146 Year: 2004 Publisher: Washington, D.C. : International Monetary Fund,

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As developing economies become richer, they seek to contract with the global economy in increasingly complex ways. Dealing with that complexity often implies the need to renegotiate contracts. However, such recontracting is viewed with concern, particularly by market participants. At the same time, iron-clad commitments to abstain from recontracting are untenable. Sovereign debt experts have long dealt with this dilemma. This paper argues that the acute trade-off between commitment and flexibility is not unique to sovereign debt. Instead, it is the defining characteristic of an emerging market. Examples of World Bank guarantees on behalf of sovereign governments to private lenders, exchange rate regimes, and international bond contracts, highlight the evolution from commitment to flexibility. Early interaction with international markets typically benefits from strong transaction-specific commitment. However, the goal is to grow out of transactional commitments to achieve commitment through credible institutions. Institutional commitment allows the benefits of flexibility, with the country's "word" acting as the necessary assurance to behave responsibly.


Book
Eurotragedy : a drama in nine acts
Author:
ISBN: 0190873728 0199351392 0199351406 0199351384 9780199351381 Year: 2018 Publisher: New York, NY : Oxford University Press,

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In May 1950, five years after the second of two catastrophic wars, European nations began building a magnificent structure of institutional cooperation and open trade borders to secure peace and prosperity. Then, in 1969, they took an astonishingly ill-advised leap towards a single currency-requiring a single monetary policy for vastly divergent economies. This was economic folly, critics untiringly warned. Worse, it carried the seeds of political division. Europe's leaders went forward unheeding, and in January 1999, the tragedy of the euro began. This vivid and compelling chronicle describes how the euro improbably emerged through a narrow historical window as a flawed compromise wrapped in a false pro-European rhetoric of peace and unity.


Book
Eurotragedy : a drama in nine acts
Author:
Year: 2018 Publisher: New York: Oxford university press,

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The promise of the European pursuit of ever closer union created tremendous optimism that conflict was the past and harmony would be the future. The enthusiasm for economic integration and monetary union, through the Euro, enhanced the confidence that differences among countries could be overcome. In this dynamic and incisive overview of the European project from its beginnings, Ashoka Mody convincingly demonstrates that the tensions and flaws of the European project were both baked-in and foreseen from the beginning. He focuses on personalities whose ambitious and relentless push for integration led them to choose facts and analysis consistent with their visions and to dismiss warnings of turbulence. They thus laid the seeds for disappointment. Mody examines key moments when contradictions were papered-over, compromising the integrity of integration. And throughout he shows how political and economic leaders believed the stories they told themselves about the inevitability of a united Europe as a foundation of peace, prosperity, and democratic ideals, even in the face of warnings from the earliest stages that while the political pillars seemed strong, the economic foundations were weak. Mody compellingly shows how monetary union impaired European integration rather than enhancing it. European countries have always has vastly different economic conditions, and the common currency increased divergences rather than smoothing them, as many analysts warned at the time. The economic, financial, and political pathologies of the euro were there from the beginning, even if the global economic boom hid them. With political and economic elites benefitting, they could ignore the growing the discontent of those who suffered and the growing antipathy to the European project in national heartlands. When crisis inevitably hit, leaders denied, delayed, and took half-measures that only further alienated people. And if once the inability to deliver on the economic promise caused the political handicaps to worsen, now the political splintering is making it harder to mount an economic response.

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Book
Role of Information in Driving FDI Flows
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Year: 2003 Publisher: National Bureau of Economic Research

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Book
Macroeconomic Policies and Poverty
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ISBN: 1135994536 Year: 2006 Publisher: Taylor & Francis

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Infrastructure delivery : private initiative and the public good
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ISBN: 0821335200 Year: 1996 Publisher: Washington, D.C. World Bank

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Infrastructure strategies in East Asia: the untold story
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ISBN: 0821340271 Year: 1997 Publisher: Washington, D.C. World Bank

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