national differences in political economy summary

... January 2003 and March 2005, the interest rate on the main refinancing operations was reduced by 75 basis points in all. The (minimum) interest rate on main refinancing operations was lowered from ... financing sources 22 According to standard consumer theory, decisions of spending (and saving) depend on households income and wealth. The measures of financial wealth of households in national ... even in the degree of integration of euro area bank interest rates: this is the argument of the next sections. 4. The determinants of national differences in euro area bank interest rates Having...

Ngày tải lên: 29/03/2014, 13:20

... state-owned) ROA Earnings Net income/Total average assets NINI_REV Earnings Net interest income/Total revenues (Total revenues = Net interest income + Non interest income (before deducting non interest costs)) LOANS_BORRO WING Liquidity ... 80% and 100%. In terms of number of nonbank financial institutions, our coverage is 4.0% in Indonesia, 81% in Korea, 54.9% in Malaysia, 27.5% in Thailand and 5.3% in the Philippines. In terms of ... generation of financial early warning systems aimed to build screening devices to help in scheduling bank examinations by flagging as early as possible those institutions in (or approaching) financial...

Ngày tải lên: 18/10/2013, 08:15

... then gains independence from the king and his court, and plays a role as a balance against the king’s power. Furthermore, instead of betraying the interest of their country to the court in the ... difference, which is, in turn, divided into their income and their employers’ income. Both incomes are used for purchasing domestic goods that have already been produced. The remaining goods are exported ... with Lindsay’s will show a clearer contrast. Lindsay, sharing some ideas with the anonymous author, had a confidence in the growth of the Scottish industries, linen manufacturing and fisheries in...

Ngày tải lên: 19/02/2014, 15:20

... Association, consisting of seven clubs, was formed in 1880; Mullen, p.36. 5 Cited in Blainey, 1990, p. 87. Italics in the original. 6 Cited in Anne Mancini and GM Hibbins (eds), Running With the Ball: ... and Sydney in particular became two of the world’s wealthiest cities, and since that time Australia has used its strength in the pastoral and mining indus- tries to develop an internationally ... Union in 1886. 51 International tours began in 1884 and in 1899 Australia witnessed the first official rugby union test match against Great Britain. Phillips notes that victories against the...

Ngày tải lên: 24/03/2014, 02:21

... (UK) IFC International Finance Corporation (World Bank Group) IFI(s) international financial institution(s) IFU Industrialiseringsfonden for Udviklingslandene (Danish Industrialisation Fund) IMF International ... finance institutions (DFIs). Bearing this in mind, the book examines the proposition that the political economy of development and development finance builds a process in which poverty is, in ... by examining the mystified institutions of the global concessional financing system (see also Gélinas 2003) and the narratives in political economy which explain what they do. It examines obscure...

Ngày tải lên: 20/06/2014, 20:20

... responded by extending available liquidity, beginning in 1997 with the launch of the Emergency Financing Mechanism (faster response in return for more regular scrutiny), which was followed in 1998 by ... according to Porter and Wood, ‘effectively issue directives to the IMF and other international financial institutions’, by ‘announcing priority initiatives in their communiqués’ (2002: 244, cited in ... Germain (2002: 21) summarises that following the Asian crisis, the G7/8 were looking to build a New International Financial Architecture (NIFA) to include more countries in decision- making,...

Ngày tải lên: 20/06/2014, 20:20

... nationalist constituency. However, ideological project aside, in actual working markets, including those for international finance, varying institutional forms take place, there is limited information, and arbitrary and qualitative decisions ... strategies seek to mitigate. International financial institutions count on ‘conditional convergence’ while inhibiting the required conditions from materialising. Interna- tional institutions urge state ... Keynes famously noted ‘interesting things happen at the edges’, so we must now look at these markets for finance further. Notes 1. ‘Right to Food’ is contained in the International Covenant on...

Ngày tải lên: 20/06/2014, 20:20

... rather than looking at computer figures. So I think there is a lot of, in this business of investing in developing countries, there is an awful lot of experience, that comes in. (Interview, London, ... bank, providing an insurance for convertibility in an ‘IFC-led and -syndi- cated “liquidity backstop” feature’, and by so doing contributed to greater integration and cross-provisioning in the international ... power in the political economy of development. MONEY AND POWER [62] Bracking_05_cha04.qxd 12/02/2009 10:55 Page 62 business cultures in their management of risk, in addition to financial instruments...

Ngày tải lên: 20/06/2014, 20:20

... involvement in financial companies in- country, and becoming instead a private equity emerging markets ‘fund of funds’, choosing to place its own funds in other fund management companies, principally Actis, ... subsidy to notionally ‘free trade’ internationally is quite astounding, helping to explain why poorer countries find it so difficult to join the exporting club. Yet ECAs in the most part have no developmental ... 2000 to 5 per cent in 2005. This, however, did not stop a new joint venture, ‘Aureos Capital’, formed in 2001, from finding new investments in African agribusiness, the food industry and other sectors...

Ngày tải lên: 20/06/2014, 20:20

... existing, and a further twelve remained negative in 2005, with seven not recording. In other words, there was considerable disinvestment of ‘free-floating’ portfolio holdings within Africa in both ... ‘human devel- opment index’ (HDI) for 2007–08, the lowest ranking 24 countries were in Africa, and of the lowest 50, 38 were African. In 2005, incom- ing private investment was in single figures or ... market failures in international trade and finance, particularly adverse selection and moral hazard in interna- tional credit and insurance’ (Mellor and Masters 1991: 505), thus, in conventional...

Ngày tải lên: 20/06/2014, 20:20

... in regard to PSD instruments since it organises into a multiplicity of industry-based lobby groups. The result of these national influences at an international level shows up in differences in holdings ... British, as illustrated in Table 6.3. Mean- while, Japan, a more recent major power in the international economy and with less historic influence in international financial and trading affairs, spent ... Scandinavian engineering firms and French and German firms whose employees are increasingly multilingual (ibid.). The multilateral organisations can thus be seen as the intermediaries in an institutionalised...

Ngày tải lên: 20/06/2014, 20:20

... Spanish investments abroad. Corvinus State-owned Hungary Co-investments with Hungarian industrial investors in foreign countries as International a minority stakeholder. The bank and its investment ... exchanges. In the current period there is resurgence in private sector finance, alongside a spurt in growth in some private sectors, while the Great Predators retain a leading role in listing stock ... companies, and in sponsoring financial institutions and instruments. The IFC set up its Capital Markets Department back in 1971 and initiates a ‘high propor- tion’ of financial sector interventions...

Ngày tải lên: 20/06/2014, 20:20

... acquisition (in May 2003) was of a 14 per cent stake in Flamingo Holdings with a $16 million equity stake, a fully integrated horticultural business involved in growing, processing, packaging, marketing ... by an Act of Parliament in March 2006 to the Infrastructure Zimbabwe Development Bank, in addition to debt financing for housing and mortgage finance in the Low Cost Housing Project, Zimbabwe and ... CDC’s involvements are predominantly export- oriented or in the financial sector, illustrating well the role of DFIs in providing institutions and structures for the export, and then recy- cling,...

Ngày tải lên: 20/06/2014, 20:20

... reduction in their value, global inflation and rising oil prices since the oil-producing countries’ elites and the US oil companies have a shared interest in clawing back their profit margin as the ... improved their wellbeing. Trade unions reflect that shared ‘consciousness of being’, referred to in chapter 1, manifested in solidaristic institutions, since the experience of working in industry tends ... within political economy. In other words, the needs of recipients could not be undermined by contamination by other prerogatives within the aid relationship, such as commercial interests, since...

Ngày tải lên: 20/06/2014, 20:20

... 2008. International Export Credit Institutes (IECI) (vars dates) The World’s Principal Export Credit Insurance Systems. New York: IECI. International Finance Corporation (IFC) (1992) Contributing ... DIE- GDI Working Group, Tenth International Business Forum, New York (August). Amnesty International (2000) UK Foreign and Asylum Policy: Human Rights Audit. London: Amnesty International. Andresen, ... Changing Role of International Bank Lending in Development Finance’, IMF Staff Papers, 32(2), pp. 517–63. Foucault, M. (1983) ‘Afterword: The Subject and Power’. In Hubert Dreyfus and Paul Rabinow,...

Ngày tải lên: 20/06/2014, 20:20

Ngày tải lên: 20/06/2014, 20:20

Ngày tải lên: 20/06/2014, 23:20

Ngày tải lên: 20/06/2014, 23:20

Ngày tải lên: 20/06/2014, 23:20

Ngày tải lên: 20/06/2014, 23:20