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1. |
Record Nr. |
UNINA9910967123203321 |
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Autore |
Mendoza Enrique |
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Titolo |
Are Asset Price Guarantees Useful for Preventing Sudden Stops?A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff / / Enrique Mendoza, Ceyhun Bora Durdu |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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9786613830630 |
9781462337705 |
1462337708 |
9781452708782 |
1452708789 |
9781283518185 |
128351818X |
9781451908695 |
1451908695 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (42 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Economic policy |
Globalization |
Asset prices |
Capital movements |
Consumption |
Deflation |
Economics |
Exports and Imports |
Finance |
Finance: General |
Financial Instruments |
Financial risk management |
General Financial Markets: Government Policy and Regulation |
Inflation |
Institutional Investors |
International economics |
International Investment |
Investment & securities |
Investments: Stocks |
Long-term Capital Movements |
Macroeconomics |
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Macroeconomics: Consumption |
Moral hazard |
Non-bank Financial Institutions |
Pension Funds |
Price Level |
Prices |
Saving |
Stocks |
Sudden stops |
Wealth |
Mexico |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. A MODEL OF GLOBALIZATION HAZARD AND PRICE GUARANTEES""; ""III. CHARACTERIZING THE GLOBALIZATION HAZARD-MORAL HAZARD TRADEOFF""; ""IV. QUANTITATIVE ANALYSIS""; ""V. NORMATIVE IMPLICATIONS AND SENSITIVITY ANALYSIS""; ""VI. CONCLUSIONS""; ""REFERENCES"" |
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Sommario/riassunto |
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An implication of the "globalization hazard" hypothesis is that sudden stops could be prevented by offering foreign investors price guarantees on emerging markets assets. These guarantees create a tradeoff, however, because they weaken globalization hazard by creating international moral hazard. We study this tradeoff using an equilibrium asset-pricing model. Without guarantees, margin calls and trading costs cause Sudden Stops driven by Fisher's debt-deflation process. Price guarantees prevent this deflation by propping up foreign asset demand, but their effectiveness and welfare implications depend critically on the price elasticity of foreign demand and on making the guarantees contingent on debt levels. |
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2. |
Record Nr. |
UNINA9910946916303321 |
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Autore |
Ellis Jim |
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Titolo |
Mythologies of Outer Space |
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Pubbl/distr/stampa |
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Calgary : , : University of Calgary Press, , 2025 |
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©2024 |
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ISBN |
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1-77385-589-1 |
1-77385-590-5 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (216 pages) |
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Collana |
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Calgary Institute for the Humanities Series ; ; v.4 |
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Altri autori (Persone) |
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Soggetti |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di contenuto |
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Frontmatter -- Contents -- Acknowledgements -- Introduction -- How we let the moon die, & why it isn’t dead -- Imaginary voyages to the moon: lucian & his legacy -- Lucian’s voyage to the moon -- Space is part of the land: reconsidering the relationships between astronomy research, outer space exploration & colonialism -- Fifty years at the rothney -- Life in a parallel universe: the biocene -- “A kind of continuous conceptual drunkenness”? -- Science fiction that might have been, or the outer spaces of the gibson collection of speculative fiction -- Stellar Sequence -- In conversation with naomi potter -- Galaxy Series -- David Hoffos: On outer & inner space -- The book of the damned -- Afterword -- Appendix: UN moon treaty, “agreement governing the activities of states on the moon & other celestial bodies” (december 5, 1979) -- Contributors |
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Sommario/riassunto |
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Every culture and society has read stories in the night sky. From the careful attention of astronomers across all times and all parts of the world to the search for alien life, the stories found in the shapes of constellations to the expansive imaginings of science fiction, there has always been life up there, at the very least, for our imaginations. Mythologies of Outer Space brings together academics and artists to explore diverse imaginings of outer space. It examines questions that, in a world where outer space is increasingly accessible, are no longer only science fiction. Is outer space terra nullius, open for settlement? |
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What if there is life beyond earth? Will we repeat the mistakes of the colonial age on other planets? Should parts of outer space be protected, like nature reserves? What about resource extraction? Do celestial bodies, like the moon, have rights? Astronaut Robert Thirsk, Mi’kmaw astronomer Hilding Neilson, digital humanities scholar Chris Pak, and outer space archaeologist Alice Gorman, among others, are joined by artists including David Hoffos and Dianne Bos, literary scholars, art critics, scientists, and a poet to explore how humanity thinks about outer space in this joyful, curious book. |
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