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The European financial crisis : debt, growth, and economic policy / / Robert Godby
| The European financial crisis : debt, growth, and economic policy / / Robert Godby |
| Autore | Godby Robert |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014 |
| Descrizione fisica | 1 online resource (238 p.) |
| Disciplina | 330.94 |
| Collana | Economics collection |
| Soggetto topico | Financial crises - Europe |
| Soggetto genere / forma | Electronic books. |
| Soggetto non controllato |
European debt crisis
European politics European Union EU European integration sovereign debt currency union monetary policy fiscal policy EU institutions debt crisis timeline the Euro Greek debt crisis macroeconomics recession banking union Eurozone bailouts currency risk bond risk financial uncertainty central bank policy central bank independence Germany ECB European Central Bank IMF International Monetary Fund the troika European unemployment |
| ISBN | 1-60649-707-3 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Acknowledgements -- Part I. Introduction: understanding the problem. Why is this so hard? -- 1. Introduction: where there's smoke, there's fire -- Part II. The imperfect architecture of the Eurozone -- 2. The flawed governmental architecture of the Eurozone -- 3. The flawed economic architecture of the Eurozone -- 4. The flawed sociopolitical architecture of the Eurozone -- Part III. Evolution of the Euro crisis -- 5. Flight of the bumblebee: precrisis structural imbalances and their influence in the Eurozone -- 6. Misperception of European risk, market reactions, and policy response: a timeline of the Euro crisis -- Part IV. Moving forward -- 7. Where are we now? -- 8. What happens next? -- 9. From forest fires to bumblebees and hammers and nails, lessons from the Euro crisis -- Notes -- References -- About the author -- Index. |
| Record Nr. | UNINA-9910453514503321 |
Godby Robert
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| New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The European financial crisis : debt, growth, and economic policy / / Robert Godby
| The European financial crisis : debt, growth, and economic policy / / Robert Godby |
| Autore | Godby Robert |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014 |
| Descrizione fisica | 1 online resource (238 p.) |
| Disciplina | 330.94 |
| Collana | Economics collection |
| Soggetto topico | Financial crises - Europe |
| Soggetto non controllato |
European debt crisis
European politics European Union EU European integration sovereign debt currency union monetary policy fiscal policy EU institutions debt crisis timeline the Euro Greek debt crisis macroeconomics recession banking union Eurozone bailouts currency risk bond risk financial uncertainty central bank policy central bank independence Germany ECB European Central Bank IMF International Monetary Fund the troika European unemployment |
| ISBN | 1-60649-707-3 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Acknowledgements -- Part I. Introduction: understanding the problem. Why is this so hard? -- 1. Introduction: where there's smoke, there's fire -- Part II. The imperfect architecture of the Eurozone -- 2. The flawed governmental architecture of the Eurozone -- 3. The flawed economic architecture of the Eurozone -- 4. The flawed sociopolitical architecture of the Eurozone -- Part III. Evolution of the Euro crisis -- 5. Flight of the bumblebee: precrisis structural imbalances and their influence in the Eurozone -- 6. Misperception of European risk, market reactions, and policy response: a timeline of the Euro crisis -- Part IV. Moving forward -- 7. Where are we now? -- 8. What happens next? -- 9. From forest fires to bumblebees and hammers and nails, lessons from the Euro crisis -- Notes -- References -- About the author -- Index. |
| Record Nr. | UNINA-9910790849003321 |
|
Godby Robert
|
||
| New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The European financial crisis : debt, growth, and economic policy / / Robert Godby
| The European financial crisis : debt, growth, and economic policy / / Robert Godby |
| Autore | Godby Robert |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014 |
| Descrizione fisica | 1 online resource (238 p.) |
| Disciplina | 330.94 |
| Collana | Economics collection |
| Soggetto topico | Financial crises - Europe |
| Soggetto non controllato |
European debt crisis
European politics European Union EU European integration sovereign debt currency union monetary policy fiscal policy EU institutions debt crisis timeline the Euro Greek debt crisis macroeconomics recession banking union Eurozone bailouts currency risk bond risk financial uncertainty central bank policy central bank independence Germany ECB European Central Bank IMF International Monetary Fund the troika European unemployment |
| ISBN | 1-60649-707-3 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Acknowledgements -- Part I. Introduction: understanding the problem. Why is this so hard? -- 1. Introduction: where there's smoke, there's fire -- Part II. The imperfect architecture of the Eurozone -- 2. The flawed governmental architecture of the Eurozone -- 3. The flawed economic architecture of the Eurozone -- 4. The flawed sociopolitical architecture of the Eurozone -- Part III. Evolution of the Euro crisis -- 5. Flight of the bumblebee: precrisis structural imbalances and their influence in the Eurozone -- 6. Misperception of European risk, market reactions, and policy response: a timeline of the Euro crisis -- Part IV. Moving forward -- 7. Where are we now? -- 8. What happens next? -- 9. From forest fires to bumblebees and hammers and nails, lessons from the Euro crisis -- Notes -- References -- About the author -- Index. |
| Record Nr. | UNINA-9910820970603321 |
|
Godby Robert
|
||
| New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
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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This time is different [[electronic resource] ] : eight centuries of financial folly / / Carmen M. Reinhart, Kenneth S. Rogoff
| This time is different [[electronic resource] ] : eight centuries of financial folly / / Carmen M. Reinhart, Kenneth S. Rogoff |
| Autore | Reinhart Carmen M |
| Pubbl/distr/stampa | Princeton, N.J., : Princeton Univ. P., 2009 |
| Descrizione fisica | 1 online resource (xlv, 463 p.) : ill |
| Disciplina | 338.542 |
| Altri autori (Persone) | RogoffKenneth S |
| Soggetto topico |
Business cycles
Fiscal policy Financial crises |
| Soggetto non controllato |
Ben Bernanke
Big Five Crises Big Six Crises Charles Kindleberger GDF GDP growth GFD IMF Inside Job International Monetary Fund League of Nations Manias, Panics and Crashes Margin Call Second Great Contraction The Big Short Too Big to Fail World Bank bailouts baking crises banking panic banking reforms capital mobility central banks contagion credit cycles currency crashes currency debasements debt crises debt cycles debt defaults debt intolerance debt defaults deflation domestic creditors domestic debt domestic default economic downturn equity exchange rate crises external default financial combustion financial crisis great contraction of the 1930s high inflation inflation crises inflation tax medieval currency crisis medieval currency debasements multilateral lending public debt sovereign default sovereign external debt crises sovereign lending sovereign risk stock markets subprime crisis subprime mortgage |
| ISBN |
9781400831722 (e-book)
9780691142166 (hbk.) |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | PREAMBLE: SOME INITIAL INTUITIONS ON FINANCIAL FRAGILITY AND THE FICKLE NATURE OF CONFIDENCE -- PART I. Financial Crises: An Operational Primer -- PART II. Sovereign External Debt Crises -- PART III. The Forgotten History of Domestic Debt and Default -- PART IV. Banking Crises, Inflation, and Currency Crashes -- PART V. The U.S. Subprime Meltdown and the Second Great Contraction -- PART VI. What Have We Learned? -- DATA APPENDIXES -- NOTES -- REFERENCES -- NAME INDEX -- SUBJECT INDEX. |
| Record Nr. | UNINA-9910792808203321 |
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Reinhart Carmen M
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| Princeton, N.J., : Princeton Univ. P., 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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