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The Asian financial crisis : crisis, reform and recovery / / Shalendra D. Sharma
| The Asian financial crisis : crisis, reform and recovery / / Shalendra D. Sharma |
| Autore | Sharma Shalendra D. <1958-> |
| Pubbl/distr/stampa | Manchester University Press, 2003 |
| Descrizione fisica | 1 online resource (400 pages) : figures, tables (black and white); digital, PDF file(s) |
| Disciplina | 330.95/0429 |
| Soggetto topico | Financial crises - Asia |
| Soggetto non controllato |
g7
finance g8 financial asian Chaebol Currency Exchange rate International Monetary Fund Thailand |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910287936703321 |
Sharma Shalendra D. <1958->
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| Manchester University Press, 2003 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Heavenly merchandize [[electronic resource] ] : how religion shaped commerce in Puritan America / / Mark Valeri
| Heavenly merchandize [[electronic resource] ] : how religion shaped commerce in Puritan America / / Mark Valeri |
| Autore | Valeri Mark R |
| Edizione | [Core Textbook] |
| Pubbl/distr/stampa | Princeton, : Princeton University Press, c2010 |
| Descrizione fisica | 1 online resource (354 p.) |
| Disciplina | 261.8/5097409032 |
| Soggetto topico |
Puritans - Doctrines - History - 17th century
Puritans - Doctrines - History - 18th century Puritans - Influence Business - Religious aspects - Christianity |
| Soggetto non controllato |
A Model of Christian Charity
American Antiquarian Society American Enlightenment Anne Hutchinson Antinomian Controversy Antinomianism Apologetics Atlantic World Bill of credit Boyle Lectures Brattle Street (Cambridge, Massachusetts) Calvinism Censure Charles Chauncy Christian Identity Christian fundamentalism Christian socialism Commodity Cotton Mather Creditor Currency Act Currency Customer Daniel Defoe Debtor Deism Divine right of kings Economics Economy and Society Edward Hutchinson (captain) England Excommunication Fraud Geneva Bible God Heinrich Bullinger Heresy Increase Mather Jeremiad John Calvin John Coggeshall John Colet John Wheelwright John Winthrop Joseph Addison Joseph Dudley Joshua Scottow King Philip's War Lecture Loyalty Massachusetts Historical Society Max Weber Mercantilism Merchant Moral economy Nathaniel Ward Navigation Acts New England Nicholas Barbon Old South Church Old South On Religion Peter Bulkley Peter Pelham Piety Political economy Poor relief Popular sovereignty Protestant work ethic Protestantism Public expenditure Puritans Religion Robert Cushman Samuel Sewall Samuel Willard Secularism Secularization Sensibility Simon Bradstreet Slavery Society of Jesus South Sea Company Tax The Protestant Ethic and the Spirit of Capitalism The Wealth and Poverty of Nations Theology Thomas Hooker Thomas Mun Thomas Sprat Treatise Usury Warfare Wealth William Ames William Petty William Phips William Pynchon William Whiston Workhouse |
| ISBN |
1-282-56920-1
9786612569203 1-4008-3499-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Frontmatter -- Contents -- Illustrations -- Preface -- Introduction. Heavenly Merchandize -- CHAPTER ONE. Robert Keayne's Gift -- CHAPTER TWO. Robert Keayne's Trials -- CHAPTER THREE. John Hull's Accounts -- CHAPTER FOUR. Samuel Sewall's Windows -- CHAPTER FIVE. Hugh Hall's Scheme -- EPILOGUE. Religious Revival -- Notes -- Index |
| Record Nr. | UNINA-9910781158303321 |
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Valeri Mark R
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| Princeton, : Princeton University Press, c2010 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Hyperinflation, currency board, and bust : the case of Argentina / / Jutta Maute
| Hyperinflation, currency board, and bust : the case of Argentina / / Jutta Maute |
| Autore | Maute Jutta |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Bern, : Peter Lang International Academic Publishing Group, 2018 |
| Descrizione fisica | 1 online resource (289 pages) : illustrations, charts; digital, PDF file(s) |
| Disciplina | 658.40809892 |
| Collana | Hohenheimer volkswirtschaftliche Schriften |
| Soggetto topico |
Currency boards - Argentina
Monetary policy - Argentina Currency question - Argentina |
| Soggetto non controllato |
Argentina
Argentinien Board Bust Case Currency Currency Board Fixed Exchange Rates Geschichte 1980-2002 Hyperinflation IMF Inflation IWF Konvertierbarkeit Maute Währung Washington Consensus Wechselkurs |
| ISBN | 3-631-75447-7 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- FIGURES -- ABBREVIATIONS AND ACRONYMS -- ACKNOWLEDGEMENTS -- 1 INTRODUCTION -- 2 ARGENTINA'S STABILISATION CHALLENGE -- 2.1 PRECEDING STABILISATION ATTEMPTS SINCE THE DAYS OF PERÓN -- 2.2 HIGH AND HYPERINFLATION IN ARGENTINA IN THE 1980s -- 2.2.1 Rising Money Stock -- 2.2.2 Government Finance -- 2.2.2.1 Inflationary Bias of Governments -- 2.2.2.2 Debt Structure -- 2.2.2.3 Are Budget Deficits a Cause or a Consequence of Inflation? -- 2.2.2.4 Erosion of Tax System -- 2.2.2.5 Lack of Structured Budgeting Process -- 2.2.2.6 Inflation Tax -- 2.2.3 Monetary Regime -- 2.2.3.1 Monetary Constitution -- 2.2.3.2 Monetary Policy -- 2.2.4 Inflation Expectations -- 2.2.5 Symptoms of High Inflation -- 2.2.5.1 Decreasing Demand for Real Money Stock -- 2.2.5.2 Currency Substitution -- 2.2.5.3 Undervaluation as a Consequence of Currency Substitution -- 2.2.5.4 Acceleration and Variability of Inflation -- 2.2.5.5 Real Price and Wage Variability -- 2.2.5.6 Distortion and Excess Variability of Relative Prices -- 2.2.5.7 Contracting Strategies -- 2.2.5.8 Disappearance of Markets -- 2.2.5.9 Economic Performance -- 2.2.5.10 External Trade -- 2.2.5.11 Distributional Effects of High Inflation -- 2.2.6 From High to Hyperinflation -- 2.3 OPTIONS FOR STABILISATION IN THE BEGINNING 1990s -- 2.3.1 Political Feasibility of Reforms -- 2.3.2 Shape of Reforms Ending Hyperinflation -- 2.3.2.1 Monetary and Fiscal Reform -- 2.3.2.2 External Anchor: Fixing the Exchange Rate -- 2.3.3 Argentina's Choice -- 3 STABILISATION VIA CURRENCY BOARD -- 3.1 THE CURRENCY BOARD IDEA -- 3.1.1 The Term -- 3.1.2 The Concept -- 3.1.3 Currency Board vs. Other Fixed Exchange Rate Arrangements -- 3.1.4 Currency Board vs. Central Bank -- 3.1.5 Excursus: Doctrinal History and the Currency Board Idea -- 3.1.5.1 Doctrinal Positions: Mercantilist vs. Classical Views.
3.1.5.2 The Bullionist and Banking-Currency Controversies -- The Early 19th Century Bullionist Controversy -- The 1840s Banking-Currency Controversy -- Findings with Hindsight -- 3.1.5.3 The Currency Board and Classical Monetary Theory -- 3.1.5.4 From Colonial to Present-Day Currency Boards -- Rationale of Colonial Currency Boards -- Currency Boards Since 1849 -- 3.2 THE SPECIFICS AND FUNCTIONING OF A CURRENCY BOARD -- 3.2.1 Constitutional Elements of a Currency Board -- 3.2.1.1 Anchor Currency -- 3.2.1.2 Fixed Exchange Rate -- 3.2.1.3 Full Convertibility -- 3.2.1.4 Conduct of Monetary Policy -- Control of Private Money Creation -- Clearing and Day-to-Day Monetary Operations -- Lender of Last Resort Function -- 3.2.1.5 Conduct of Fiscal Policy -- 3.2.1.6 Institutional Preconditions -- 3.2.2 Strengths and Weaknesses of a Currency Board -- 3.2.2.1 Strengths of a Currency Board -- Simplicity and Transparency -- Credibility -- Currency Stability -- Interest Rate Convergence -- Financial Intermediation -- 3.2.2.2 Weaknesses of a Currency Board -- Nominal Exchange Rate Rigidity and Exchange Rate Misalignments -- Financial Fragility in the Absence of a Lender of Last Resort -- Loss of Other Central Bank Functions -- Constraints on Fiscal Policy -- 3.2.3 Considerations for Adopting a Currency Board -- 3.2.3.1 When is a Currency Board an Appropriate Choice? -- 3.2.3.2 Implementation of a Currency Board -- 3.2.4 Duration and Termination of a Currency Board -- 3.2.4.1 Currency Board: Permanent or Transitional Arrangement? -- 3.2.4.2 Exit Options -- Built-in Escape Clauses -- Depreciation -- Appreciation -- Switch to a Floating Exchange Rate -- Switch in the Peg -- 3.2.5 Dual Currency Boards: An Extended Proposal for Currency Stability -- 4 THE ARGENTINE CURRENCY BOARD ARRANGEMENT -- 4.1 FEATURES AND IMPLEMENTATION OF THE ARGENTINE CBA -- 4.1.1 The Legal Fixing. 4.1.1.1 The Convertibility Law -- 4.1.1.2 The New Central Bank Law -- 4.1.2 Assessment of the Argentine CBA's Configuration -- 4.1.2.1 Orthodox and Non-Orthodox Elements -- 4.1.2.2 The Choice of the Anchor and the Rate -- 4.1.2.3 Suboptimal Currency Area -- 4.2 THE STABILISATION TRACK DURING THE 1990s -- 4.2.1 The Early 1990s' Economic Reforms -- 4.2.1.1 Further Reforms Shaping the Monetary Frame -- 4.2.1.2 Brady Restructuring -- 4.2.1.3 Tax Reforms -- 4.2.1.4 Federal Fiscal Relations -- 4.2.1.5 Privatisation and Deregulation -- 4.2.1.6 Financial Sector Reform -- 4.2.1.7 Social Security Reform -- 4.2.1.8 Labour Market Reforms -- 4.2.1.9 Trade Liberalisation -- 4.2.2 The Early 1990s' Economic Performance: 1991-1994 -- 4.2.2.1 Monetary and Financial Development -- 4.2.2.2 Economic Activity -- 4.2.2.3 Fiscal Development -- 4.2.2.4 Unemployment and Income Distribution -- 4.2.3 Coping with the Tequila Crisis: 1995 -- 4.2.3.1 The Tequila Effect -- 4.2.3.2 Currency and Bank Run -- 4.2.3.3 Managing the Crisis -- 4.2.3.4 Financial Sector Reforms in the Wake of Tequila -- 4.2.3.5 Fiscal Adjustment Following Tequila -- 4.2.4 The Second Expansionary Phase after Tequila: 1996-1998 -- 4.2.5 The Late 1990s' Recession: 1999-2001 -- 4.2.5.1 The Asian, Russian, and Brazilian Crises -- 4.2.5.2 More Adverse External Shocks -- 4.2.5.3 Recession cum Deflation -- 4.2.5.4 Real Appreciation of the Peso -- 4.2.5.5 Fiscal Atrophy -- 4.2.5.6 Limited Financial Sector Robustness -- 4.2.5.7 Further Labour Market Reforms -- 4.2.6 The Run Up to the Collapse: 2001 -- 4.2.6.1 Meddling with the CBA -- 4.2.6.2 Emission of Quasi-Monies -- 4.2.6.3 Social and Political Overflow, and the End of the CBA -- 4.2.7 A Sketch of the Post-Collapse -- 5 WHAT WENT WRONG? -- 5.1 THE MAIN SUSPECTS -- 5.1.1 Fiscal Imbalance -- 5.1.1.1 Persistent Budget Deficits -- 5.1.1.2 Total Indebtedness. 5.1.2 Overvalued Exchange Rate -- 5.1.2.1 Real Appreciation before 1998 -- 5.1.2.2 The Real Exchange Rate after 1998 -- 5.1.3 Sudden Stop -- 5.1.3.1 Leveraged Argentina -- 5.1.3.2 Debt Sustainability -- 5.1.3.3 The Sudden Stop in the Region -- 5.1.4 Shock Exacerbation within MERCOSUR -- 5.1.4.1 1994-1998: Fixed Here, Fixed plus Sterilisation There -- 5.1.4.2 1999-2001: Fixed Here, Floating plus Sterilisation There -- 5.1.4.3 Exposed within MERCOSUR -- 5.1.5 Institutional Defects -- 5.1.5.1 Insufficient Labour Market Reforms -- 5.1.5.2 Insufficient Diversification of Production -- 5.1.5.3 Banking Sector Reforms Impaired -- 5.1.5.4 Other Deficient Reforms -- 5.1.6 Politics -- 5.1.7 The IMF -- 5.1.7.1 The IMF and the CBA -- 5.1.7.2 Outline of the IMF's Engagement 1991-2001 -- 5.1.7.3 The Role of the IMF during 1991 to 2000 -- 5.1.7.4 The Role of the IMF in the Crisis -- 5.1.7.5 The Fund's Responsibilities -- 5.1.8 The Washington Consensus -- 5.1.9 The Currency Board Itself -- 5.2 TAKING STOCK -- 5.2.1 Vulnerability -- 5.2.2 Triggers -- 5.3 MISSED OPPORTUNITIES? -- 5.3.1 Soft Exit during 1993/1994 -- 5.3.2 Soft Exit during the Second Expansionary Phase -- 5.3.3 Hard Exit after the External Shocks of the Late Nineties -- 5.3.4 Exit towards Full Dollarisation until 1999 -- 5.3.5 Dollarisation in the Midst of Crisis -- 6 CONCLUSION -- Some Lessons -- Argentina's New Challenge -- BIBLIOGRAPHY -- STATISTICAL APPENDIX -- Macro Indicators -- Financial and Banking Indicators -- Fiscal Indicators -- Distribution and Poverty Indicators -- Selected Data. |
| Record Nr. | UNINA-9910297043003321 |
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Maute Jutta
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| Bern, : Peter Lang International Academic Publishing Group, 2018 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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The stability of currency boards / / Kai Stukenbrock
| The stability of currency boards / / Kai Stukenbrock |
| Autore | Stukenbrock Kai |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Bern, : Peter Lang International Academic Publishing Group, 2018 |
| Descrizione fisica | 1 online resource (237 pages) : illustrations, charts; digital, PDF file(s) |
| Disciplina | 332.46 |
| Collana | CeGE-Schriften |
| Soggetto topico | Currency boards |
| Soggetto non controllato |
Argentina
Boards Currency Currency Board Currency Crisis Estonia Exchange Rate Foreign-Currency Debt Hong Kong Lithuania Stabilitätspolitik Stability Stukenbrock |
| ISBN | 3-631-75699-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- List of Figures -- List of Tables -- List of Abbreviations -- List of Variables -- 1 Introduction -- 2 Currency Boards-An Overview -- 2.1 Basic Features of a Currency Board -- 2.1.1 Definition of a Currency Board -- 2.1.2 Currency Boards vs Central Banks -- 2.1.3 Flexibility in Design -- 2.2 Currency Board Characteristics -- 2.2.1 Credibility and Macroeconomic Stability -- 2.2.2 The Adjustment Process and Market Flexibility -- 2.2.3 Anchor Currency Selection-A Theory of Optimum Currency Areas Perspective -- 2.2.4 Monetary Policy, Lender of Last Resort Support, and Financial Fragility -- 2.2.5 Fiscal Policy -- 2.3 Conclusion -- 3 Past and Present Currency Boards -- 3.1 History of Currency Boards -- 3.1.1 General Overview -- 3.1.2 Foundations -- 3.1.3 The First Currency Boards (1849-1912) -- 3.1.4 The West African Currency Board (1913) -- 3.1.5 The Peak and Decline of the Currency Board System (1913-1974) -- 3.2 Hong Kong (1983) -- 3.2.1 Lead-Up to the Currency Board -- 3.2.2 Currency Board Design -- 3.2.3 Currency Board Performance -- 3.3 Argentina (1991-2002) -- 3.3.1 Lead-Up to the Currency Board -- 3.3.2 Currency Board Design -- 3.3.3 The Early Years of the Currency Board and the Tequila Crisis -- 3.3.4 The Late Years and Currency Board Exit -- 3.4 Estonia (1992) and Lithuania (1994) -- 3.4.1 Lead-Up to the Currency Boards -- 3.4.2 Currency Boards Design -- 3.4.3 Currency Boards Performance -- 3.4.4 Accession to the European Union and the European Monetary Union -- 3.5 Bulgaria (1997) -- 3.5.1 Lead-Up to the Currency Board -- 3.5.2 Currency Board Design -- 3.5.3 Currency Board Performance -- 3.6 Summary -- 4 Stability and Instability of Currency Boards-a Theoretical Analysis -- 4.1 Models of Currency Crises -- 4.1.1 First and Second Generation Currency Crises Models -- 4.1.2 Critique of Second Generation Crises Models.
4.1.3 Classification of the Currency Board Crises Model -- 4.2 The Standard Model -- 4.2.1 Model Outline -- 4.2.2 Discretionary Exchange Rate Policy -- 4.2.3 Fixed Exchange Rate and Time-Inconsistency -- 4.2.4 Political Cost of Devaluation and Incomplete Information -- 4.2.5 Possible Equilibria -- 4.2.5.1 FC equilibrium -- 4.2.5.2 ZC equilibrium -- 4.2.5.3 PC equilibria -- 4.2.5.4 Graphical Representation and Multiple Equilibria -- 4.2.5.5 Model Parameters and Types of Equilibria -- 4.2.6 Inter-temporal Linkages and Dynamic Effects -- 4.2.7 Stability of the Currency Board -- 4.2.7.1 Gains from Increased Credibility -- 4.2.7.2 Destabilization through Unemployment -- 4.2.7.3 Destabilization through a Sequence of PC Equilibria -- 4.2.7.4 Employment-Decreasing Shocks -- 4.2.7.5 Conclusion -- 4.2.8 Loss from Exit -- 4.3 The Model with Debt -- 4.3.1 Possible Effects of Foreign-Currency Debt on the Model Economy -- 4.3.2 Unemployment -- 4.3.3 Discretionary and Fixed Exchange Rate Policy -- 4.3.4 Model Equilibria -- 4.3.5 Graphical Representation and Interpretation of the Modified Model -- 4.3.6 Model Dynamics and Resilience to Shocks -- 4.3.7 Loss from Exit and Conclusion -- 5 Conclusion -- 5.1 Currency Board Selection -- 5.2 Currency Board Stability -- 5.3 The Risks -- 5.4 Outlook -- Appendices -- A Currency Boards 1849-2002 Overview -- B Currency Board Design Features -- C Derivation of Equations -- C.1 The Standard Model -- C.1.1 Derivation of Devaluation and Loss Equations (4.6) and (4.7) -- C.1.2 Proof that (4.9) Greater than (4.11) -- C.1.3 Difference Loss Fixed and Loss Discretionary Exchange Rate -- C.1.4 Derivation of Equation (4.19), Expected Devaluation -- C.1.5 Derivation of Unemployment Equation (4.24) -- C.1.6 Derivation of Unemployment Equation (4.28) -- C.1.7 Derivation of critical value for c (4.30). |
| Record Nr. | UNINA-9910297038203321 |
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Stukenbrock Kai
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| Bern, : Peter Lang International Academic Publishing Group, 2018 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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