04966nam 2200469 450 991013623780332120170814190526.00-19-060578-20-19-060950-80-19-060577-4(CKB)3710000000915854(StDuBDS)EDZ0001584887(MiAaPQ)EBC4721650(PPN)229855237(EXLCZ)99371000000091585420161102h20172017 uy| 0engur|||||||||||rdacontentrdacontentrdamediardacarrierBrother, can you spare a billion? the United States, the IMF, and the international lender of last resort /Daniel McDowell, Maxwell School of Citizenship and Public Affairs, Syracuse UniversityNew York, NY :Oxford University Press,2016.1 online resource illustrations (black and white)0-19-093634-7 0-19-060576-6 Includes bibliographical references and index.Machine generated contents note: -- Table of Contents -- Table of Figures -- Table of Tables -- Preface -- List of Abbreviations -- CHAPTER 1 - Introduction -- 1. THE PUZZLE -- 2. THE ARGUMENT -- 3. PLAN OF THE BOOK and FINDINGS -- CHAPTER 2 - The ILLR in Theory and Practice -- 1. AN INTERNATIONAL LLR: A BRIEF HISTORY OF A CONCEPT -- 1.1 The ILLR and the Hegemon -- 1.2 The ILLR and the IMF -- 2. THE IMF'S LIMITATIONS AS ILLR -- 2.1. The Problem of Unresponsiveness -- 2.2. The Problem of Resource Insufficiency -- 3. THE UNITED STATES' ILLR MECHANISMS -- 3.1. The Mechanics of Currency Swaps -- 3.2. Speed and Independence -- 3.3. Lending Capacity -- 3.4. Division of Labor -- 4. CONCLUSIONS -- CHAPTER 3 - The United States Invents its Own ILLR, 1961-1962 -- 1. MORE DOLLARS, MORE PROBLEMS -- 1.1 From Dollar Gap to Dollar Glut -- 1.2. Two Threats: The "Gold Drain" and Speculation -- 2. IN SEARCH OF AN ILLR -- 2.1. The General Arrangements to Borrow -- 3. AN ALTERNATIVE ILLR: CENTRAL BANK CURRENCY SWAPS -- 3.1. The Fed's Novel Idea -- 3.2. Who Needs the IMF? -- 3.3. How the Swap Lines Protected U.S. Interests -- 3.4. Why did Europe Cooperate? -- 4. CONCLUSIONS -- CHAPTER 4 - The Exchange Stabilization Fund and the IMF in the 1980s and 1990s -- 1. THE EXCHANGE STABILIZATION FUND -- 2. 1980s: GLOBAL BANKING AND THE DEBT CRISIS -- 2.1. The IMF's "Concerted Lending" Strategy and the Problem of Unresponsiveness -- 2.2. The ESF and "Bridge Loans": Correcting for the Problem of IMF Unresponsiveness -- 3. 1990s: PORTFOLIO FLOWS AND CAPITAL ACCOUNT CRISES -- 3.1. Capital Account Crises and IMF Resource Insufficiency -- 3.2. The ESF and Supplemental Loans: Correcting for the Problem of IMF Resource Insufficiency -- 4. CONCLUSIONS -- CHAPTER 5 - Who's In, Who's Out, and Why? Selecting Whom to Bailout, 1983-1999 -- 1. U.S. FINANCIAL INTERESTS AND ESF BAILOUT SELECTION -- 2. AN EMPIRICAL MODEL OF ESF BAILOUT SELECTION -- 3. RESULTS -- 4. CONCLUSIONS -- CHAPTER 6 - U.S. International Bailouts in the 1980s and 1990s -- 1. CASE SELECTION -- 2. THE CASES -- 2.1. Mexico, Brazil and Argentina, 1982-1983 -- 2.2. Argentina, 1984 -- 2.3. Poland, 1989 -- 2.4. Mexico, 1995 -- 2.5. Thailand, 1997 -- 2.6. Indonesia and South Korea, 1997 -- 2.7. Declining Use: The ESF is Put Out to Pasture -- 3. CONCLUSIONS -- CHAPTER 7 - The United States as ILLR during the Great Panic of 2008-2009 -- 1. BACKGROUND: "A NOVEL ASPECT" OF THE GREAT PANIC OF 2008 -- 2. U.S. FINANCIAL INTERESTS AND THE FED'S ILLR ACTIONS -- 3. AN EMPIRICAL MODEL OF FED SWAP LINE SELECTION -- 4. THE INTEREST RATE THREAT AND THE FED'S ILLR ACTIONS -- 5. TRANSCRIPT ANALYSIS OF FOMC MEETINGS -- 5.1 The Initiation of the Swap Lines and the TAF, August 2007 - December 2007 -- 5.2 Incremental Expansion of Liquidity Facilities, March 2008 - August 2008 -- 5.3. Rapid Growth of the Swap Program: September 15, 2008 - October 28, 2008 -- 5.4. Swap Lines for Four Emerging Markets: October 29, 2008 -- 6. CONCLUSIONS -- CHAPTER 8 - Conclusions -- 1. CONTRIBUTIONS -- 2. THE FUTURE OF THE UNITED STATES AS ILLR -- 3. POLICY IMPLICATIONS -- 4. FINAL THOUGHTS -- BIBLIOGRAPHY -- APPENDIX.'Brother, Can You Spare a Billion?' explores how and why the US has regularly acted, often alongside the IMF, as an international lender of last resort by selectively bailing out foreign economies in crisis. Daniel McDowell highlights the unique role that the US has played in stabilizing the world economy from the 1960s through 2008.Loans, ForeignUnited StatesLoans, Foreign338.9173POL011000POL024000POL011020bisacshMcDowell Daniel1185056MiAaPQMiAaPQMiAaPQBOOK9910136237803321Brother, can you spare a billion2747602UNINA04101nam 2200541z 450 991027088620332120230816214832.01-119-10648-61-119-10645-11-119-10647-8(CKB)4330000000008561(Au-PeEL)EBL5309259(CaPaEBR)ebr11517993(OCoLC)1011557605(CaSebORM)9781119106494(MiAaPQ)EBC5309259(JP-MeL)3000132099(EXLCZ)99433000000000856120230705d2018 ||| || engurcnu||||||||rdacontentrdamediardacarrierFlexibility and real estate valuation under uncertainty a practical guide for developers /David Geltner, Richard de NeufvilleFirst edition.Hoboken, New Jersey:Wiley Blackwell,2018.1 online resource (258 pages)1-119-10649-4 Includes bibliographical references and index.Provides a revolutionary conceptual framework and practical tools to quantify uncertainty and recognize the value of flexibility in real estate development This book takes a practical "engineering" approach to the valuation of options and flexibility in real estate. It presents simple simulation models built in universal spreadsheet software such as Microsoft Excel®. These realistically reflect the varying and erratic sources of uncertainty and price dynamics that uniquely characterize real estate. The text covers new analytic procedures that are valuable for existing properties and enable a new, more profitable perspective on the planning, design, operation, and evaluation of large-scale, multi-phase development projects. The book thereby aims to significantly improve valuation and investment decision making. Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers is presented at 3 levels. First, it introduces and explains the concepts underlying the approach at a basic level accessible to non-technical and non-specialized readers. Its introductory and concluding chapters present the important “big picture” implications of the analysis for economics and valuation and for project design and investment decision making. At a second level, the book presents a framework, a roadmap for the prospective analyst. It describes the practical tools in detail, taking care to go through the elements of the approach step-by-step for clarity and easy reference. The third level includes more technical details and specific models. An Appendix discusses the technical details of real estate price dynamics. Associated web pages provide electronic spreadsheet templates for the models used as examples in the book. Some features of the book include: •    Concepts and tools that are simple and accessible to a broad audience of practitioners; •    An approach relevant for all development projects; •    Complementarity with the author's Commercial Real Estate Analysis & Investments—the most-cited real estate investments textbook on the market. Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers is for everyone studying or concerned with the implementation of large-scale or multi-phase real estate development projects, as well as property investment and valuation more generally.880-03/$1Real propertyValuation880-04/$1Real estate development880-05/$1Real estate investmentReal propertyValuation.Real estate developmentReal estate investment333.33/2673.99njb/09338.12njb/09333.332njb/09Geltner David1951-1378588De Neufville Richard1939-JP-MeLBOOK9910270886203321Flexibility and real estate valuation under uncertainty3417291UNINA