Mark Casson
- Published in print:
- 2001
- Published Online:
- November 2003
- ISBN:
- 9780198297802
- eISBN:
- 9780191596063
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198297807.001.0001
- Subject:
- Economics and Finance, Microeconomics
Offers a vision of the economy as a system of structured information flow. The structuring is effected by institutions, and in particular, by firms, which specialize in processing the information ...
More
Offers a vision of the economy as a system of structured information flow. The structuring is effected by institutions, and in particular, by firms, which specialize in processing the information needed to allocate resources properly. Market‐making firms that intermediate between producers and consumers by developing brands, are particularly important in this respect. Firms are the institutional embodiment of the visions of the entrepreneurs who found them. Firms grow and decline, creating a highly flexible structure of information processing in society, which evolves and adapts as circumstances change. The book uses these general concepts to analyse the historical development of a number of specialist information subsystems, including business networks, industrial districts, and trading empires.Less
Offers a vision of the economy as a system of structured information flow. The structuring is effected by institutions, and in particular, by firms, which specialize in processing the information needed to allocate resources properly. Market‐making firms that intermediate between producers and consumers by developing brands, are particularly important in this respect. Firms are the institutional embodiment of the visions of the entrepreneurs who found them. Firms grow and decline, creating a highly flexible structure of information processing in society, which evolves and adapts as circumstances change. The book uses these general concepts to analyse the historical development of a number of specialist information subsystems, including business networks, industrial districts, and trading empires.
Guido Ferrarini and Eddy Wymeersch (eds)
- Published in print:
- 2006
- Published Online:
- January 2009
- ISBN:
- 9780199202911
- eISBN:
- 9780191707964
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199202911.001.0001
- Subject:
- Law, Company and Commercial Law
EU policy in the area of corporate governance and capital markets is being reoriented. Harmonization is less frequently seen as a concept in company law, regulatory competition is on the rise, and ...
More
EU policy in the area of corporate governance and capital markets is being reoriented. Harmonization is less frequently seen as a concept in company law, regulatory competition is on the rise, and experiments in soft law are being carried out. Several member States have recently reformed their corporate laws, either as a reaction to financial scandals or in an effort to enhance investment. Convergence has increased as a result, particularly towards Anglo-American standards. Yet, differences still exist, profoundly rooted in national systems of corporate governance. By contrast, capital market law would seem to be an exception having undergone intense harmonization in the last few years through the Lamfalussy regulatory architecture. Nonetheless, a European system of securities regulation is not yet in place. Regulation is predominantly domestic, each country having its own securities supervisor, while private laws affecting capital markets are still divergent. This volume examines the on-going debate on corporate and financial law reform from an interdisciplinary perspective. Part 1 explores the political determinants of corporate governance and evaluates the likelihood of convergence and the role of regulatory competition. Part 2 considers the Markets in Financial Instruments Directive (MiFID), its central role in the harmonization of EU securities trading, and the intense debate that preceded its adoption. Part 3 provides deeper legal analysis of the MiFID and other core harmonization measures, including the Prospectus and Transparency Directives. Part 4 takes this analysis one step further by offering future perspectives on the post-FSAP era.Less
EU policy in the area of corporate governance and capital markets is being reoriented. Harmonization is less frequently seen as a concept in company law, regulatory competition is on the rise, and experiments in soft law are being carried out. Several member States have recently reformed their corporate laws, either as a reaction to financial scandals or in an effort to enhance investment. Convergence has increased as a result, particularly towards Anglo-American standards. Yet, differences still exist, profoundly rooted in national systems of corporate governance. By contrast, capital market law would seem to be an exception having undergone intense harmonization in the last few years through the Lamfalussy regulatory architecture. Nonetheless, a European system of securities regulation is not yet in place. Regulation is predominantly domestic, each country having its own securities supervisor, while private laws affecting capital markets are still divergent. This volume examines the on-going debate on corporate and financial law reform from an interdisciplinary perspective. Part 1 explores the political determinants of corporate governance and evaluates the likelihood of convergence and the role of regulatory competition. Part 2 considers the Markets in Financial Instruments Directive (MiFID), its central role in the harmonization of EU securities trading, and the intense debate that preceded its adoption. Part 3 provides deeper legal analysis of the MiFID and other core harmonization measures, including the Prospectus and Transparency Directives. Part 4 takes this analysis one step further by offering future perspectives on the post-FSAP era.
Lewis R. Fischer (ed.)
- Published in print:
- 1994
- Published Online:
- May 2019
- ISBN:
- 9780969588566
- eISBN:
- 9781786944870
- Item type:
- book
- Publisher:
- Liverpool University Press
- DOI:
- 10.3828/liverpool/9780969588566.001.0001
- Subject:
- History, Maritime History
This volume collects eight essays that all attempt to answer two key concerns: did markets for seafarers exist in the age of sail; and, if so, were these markets efficient? The question was initially ...
More
This volume collects eight essays that all attempt to answer two key concerns: did markets for seafarers exist in the age of sail; and, if so, were these markets efficient? The question was initially approach by Charles Kindleberger, who claims a market is efficient if it permits free access for employer and employee, is supply and demand match balance so that wages increase, and that labour must command the same price across the market. The first four focus on the broadly defined early-modern period, and all agree on the existence of the markets but are divided over whether or not they are efficient. The second section asks the same questions of the nineteenth century, and receives similar answers. All of the essays take issue with the definition and application of the term ‘efficiency’ when approaching their conclusions. Each author is considered an expert within their field, and all base their research on the North Atlantic.Less
This volume collects eight essays that all attempt to answer two key concerns: did markets for seafarers exist in the age of sail; and, if so, were these markets efficient? The question was initially approach by Charles Kindleberger, who claims a market is efficient if it permits free access for employer and employee, is supply and demand match balance so that wages increase, and that labour must command the same price across the market. The first four focus on the broadly defined early-modern period, and all agree on the existence of the markets but are divided over whether or not they are efficient. The second section asks the same questions of the nineteenth century, and receives similar answers. All of the essays take issue with the definition and application of the term ‘efficiency’ when approaching their conclusions. Each author is considered an expert within their field, and all base their research on the North Atlantic.
Robert J. Shiller
- Published in print:
- 1998
- Published Online:
- November 2003
- ISBN:
- 9780198294184
- eISBN:
- 9780191596926
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198294182.003.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics, Financial Economics
In proposing macro markets, this book describes a substantial array of new markets, and attempts to indicate ways around some of the major barriers to the establishment and success of these markets. ...
More
In proposing macro markets, this book describes a substantial array of new markets, and attempts to indicate ways around some of the major barriers to the establishment and success of these markets. These important barriers to the establishment of macro markets—perpetual claims, perpetual futures, options, swaps, and analogous markets—are the subject of most of the book. This introduction aims to give an idea of where the book is heading, what kinds of markets might be established, and a broad sense of whether such markets are in the realm of possibility. The different sections of the chapter are: The ideal: A world market for major income risks; Hedging income risk in today's markets; Markets as inventions; and Markets as accidents of history.Less
In proposing macro markets, this book describes a substantial array of new markets, and attempts to indicate ways around some of the major barriers to the establishment and success of these markets. These important barriers to the establishment of macro markets—perpetual claims, perpetual futures, options, swaps, and analogous markets—are the subject of most of the book. This introduction aims to give an idea of where the book is heading, what kinds of markets might be established, and a broad sense of whether such markets are in the realm of possibility. The different sections of the chapter are: The ideal: A world market for major income risks; Hedging income risk in today's markets; Markets as inventions; and Markets as accidents of history.
Martin Guzman, José Antonio Ocampo, and Joseph E. Stiglitz (eds)
- Published in print:
- 2016
- Published Online:
- January 2017
- ISBN:
- 9780231179263
- eISBN:
- 9780231542029
- Item type:
- book
- Publisher:
- Columbia University Press
- DOI:
- 10.7312/columbia/9780231179263.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on ...
More
The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on societies, many recent restructurings have not been deep enough to provide the conditions for economic recovery (as illustrated by the Greek debt restructuring of 2012). And if the debtor decides not to accept the terms demanded by the creditors, finalizing a restructuring can be slowed by legal challenges (as illustrated by the recent case of Argentina, deemed as “the trial of the century”). A fresh start for distressed debtors is a basic principle of a well-functioning market economy, yet there is no international bankruptcy framework for sovereign debts. While this problem is not new, the United Nations and the global community are now willing to do something about it. Providing guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem. With contributions by leading academics and practitioners, Too Little, Too Late reflects the overwhelming consensus among specialists on the need to find workable solutions.Less
The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on societies, many recent restructurings have not been deep enough to provide the conditions for economic recovery (as illustrated by the Greek debt restructuring of 2012). And if the debtor decides not to accept the terms demanded by the creditors, finalizing a restructuring can be slowed by legal challenges (as illustrated by the recent case of Argentina, deemed as “the trial of the century”). A fresh start for distressed debtors is a basic principle of a well-functioning market economy, yet there is no international bankruptcy framework for sovereign debts. While this problem is not new, the United Nations and the global community are now willing to do something about it. Providing guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem. With contributions by leading academics and practitioners, Too Little, Too Late reflects the overwhelming consensus among specialists on the need to find workable solutions.
Jack Knight and Melissa Schwartzberg (eds)
- Published in print:
- 2018
- Published Online:
- September 2019
- ISBN:
- 9781479842933
- eISBN:
- 9781479857609
- Item type:
- book
- Publisher:
- NYU Press
- DOI:
- 10.18574/nyu/9781479842933.001.0001
- Subject:
- Political Science, Political Theory
In Privatization, a distinguished interdisciplinary group of scholars in political science, law and philosophy examine the implications of transferring state-provided or state-owned goods and ...
More
In Privatization, a distinguished interdisciplinary group of scholars in political science, law and philosophy examine the implications of transferring state-provided or state-owned goods and services to the private sector. The twelve essays in this volume consider how we should evaluate the decision to privatize, both with respect to the quality of outcomes that might be produced, and in terms of the effects of privatization on the core values underlying democratic decision-making. Privatization also affects the structure of governance in a variety of important ways, and these essays evaluate the consequences of privatization on the state. This new addition to the NOMOS series sheds new light on these highly salient questions of contemporary political life and institutional design.Less
In Privatization, a distinguished interdisciplinary group of scholars in political science, law and philosophy examine the implications of transferring state-provided or state-owned goods and services to the private sector. The twelve essays in this volume consider how we should evaluate the decision to privatize, both with respect to the quality of outcomes that might be produced, and in terms of the effects of privatization on the core values underlying democratic decision-making. Privatization also affects the structure of governance in a variety of important ways, and these essays evaluate the consequences of privatization on the state. This new addition to the NOMOS series sheds new light on these highly salient questions of contemporary political life and institutional design.
Guillermo A. Calvo
- Published in print:
- 2016
- Published Online:
- May 2017
- ISBN:
- 9780262035415
- eISBN:
- 9780262336017
- Item type:
- book
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262035415.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
The book claims that liquidity issues are at the heart of recent financial crises, and their analysis helps to explain phenomena that are alien to mainstream macroeconomic models. To make this point, ...
More
The book claims that liquidity issues are at the heart of recent financial crises, and their analysis helps to explain phenomena that are alien to mainstream macroeconomic models. To make this point, the book first reviews crisis episodes starting with Mexico's Tequila crisis in 1994/5 and including the Great Recession in developed-market economies. The narrative reveals wide gaps in conventional models and the existence of stubborn intellectual inertia in dealing with these crises. The book devotes an entire chapter to discussing liquidity, highlighting that resilience with respect to Liquidity Crunch differs across liquid assets. This observation helps to rationalize a large set of phenomena, including resilience of the US dollar vis à vis other dollar-denominated liquid assets; global contagion in financial markets; effectiveness and limitations of central bank monetary policy; and negative effects of low and persistent international interest rates. Some of these phenomena – and others like secular stagnation – become evident once liquidity is explicitly introduced in mainstream models. In two econometric studies the book (1) focuses on Liquidity Crunch as an important component of “non-regular” recessions; and (2) identifies factors likely to contribute to Sudden Stop vulnerability in emerging-market economies.Less
The book claims that liquidity issues are at the heart of recent financial crises, and their analysis helps to explain phenomena that are alien to mainstream macroeconomic models. To make this point, the book first reviews crisis episodes starting with Mexico's Tequila crisis in 1994/5 and including the Great Recession in developed-market economies. The narrative reveals wide gaps in conventional models and the existence of stubborn intellectual inertia in dealing with these crises. The book devotes an entire chapter to discussing liquidity, highlighting that resilience with respect to Liquidity Crunch differs across liquid assets. This observation helps to rationalize a large set of phenomena, including resilience of the US dollar vis à vis other dollar-denominated liquid assets; global contagion in financial markets; effectiveness and limitations of central bank monetary policy; and negative effects of low and persistent international interest rates. Some of these phenomena – and others like secular stagnation – become evident once liquidity is explicitly introduced in mainstream models. In two econometric studies the book (1) focuses on Liquidity Crunch as an important component of “non-regular” recessions; and (2) identifies factors likely to contribute to Sudden Stop vulnerability in emerging-market economies.
Paul Spicker
- Published in print:
- 2013
- Published Online:
- September 2013
- ISBN:
- 9781447309086
- eISBN:
- 9781447310860
- Item type:
- book
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447309086.001.0001
- Subject:
- Political Science, Public Policy
This book is about individualist ideas, and how they shape public policy.. It has been argued that individualism and the protection of individual liberty imply a greater emphasis on market economics, ...
More
This book is about individualist ideas, and how they shape public policy.. It has been argued that individualism and the protection of individual liberty imply a greater emphasis on market economics, limits on the role of the state, respect for property rights and personal moral responsibility for one’s own situation. Those arguments have been used to justify a series of restrictive measures in public policy - individualised responses, choice-based policies, conversion of public services into market-based organisations and placing limits on the activity of government. This book argues for a very different approach to individualism, promoting policies that value people as individuals, safeguarding personal liberty and protecting human dignity.Less
This book is about individualist ideas, and how they shape public policy.. It has been argued that individualism and the protection of individual liberty imply a greater emphasis on market economics, limits on the role of the state, respect for property rights and personal moral responsibility for one’s own situation. Those arguments have been used to justify a series of restrictive measures in public policy - individualised responses, choice-based policies, conversion of public services into market-based organisations and placing limits on the activity of government. This book argues for a very different approach to individualism, promoting policies that value people as individuals, safeguarding personal liberty and protecting human dignity.
Steven Davidoff Solomon and Randall Stuart Thomas (eds)
- Published in print:
- 2019
- Published Online:
- September 2019
- ISBN:
- 9780226599403
- eISBN:
- 9780226599540
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226599540.001.0001
- Subject:
- Law, Company and Commercial Law
Enormous changes are occurring in our capital markets as shareholder activists become increasingly prominent, institutional investors gain power, and capital markets intermediaries such as proxy ...
More
Enormous changes are occurring in our capital markets as shareholder activists become increasingly prominent, institutional investors gain power, and capital markets intermediaries such as proxy advisory firms play increasingly important roles. Corporations, and their boards of directors, are also increasingly uncertain how to respond to these new dynamics and adhere to predefined fiduciary duties to stockholders. The uncertainty has led to schizophrenic responses,, including the increasing use of dual-class stock and wholesale corporate governance changes of uncertain validity designed to fight off or placate certain shareholder groups. We believe that these enormous changes merit a review of corporate law to examine needed adjustments for these revolutionary times. For example, much of the case law governing corporate conduct was created in another time–the 1980s–and designed to meet another disruptive force–hostile takeovers. Is it time to reexamine this case law and create new laws for possibly different threats? Alternatively, statutory laws such as the rules governing appraisal rights seem ripe for a complete review in the wake of appraisal arbitrage. In this book, we bring together many of the leading scholars of Delaware corporate law to examine these issues. The fourteen chapters, and a judicial overview by Delaware Chief Justice Leo E. String Jr., cast light on the current tensions in Delaware law and how Delaware’s courts and legislature should address them.Less
Enormous changes are occurring in our capital markets as shareholder activists become increasingly prominent, institutional investors gain power, and capital markets intermediaries such as proxy advisory firms play increasingly important roles. Corporations, and their boards of directors, are also increasingly uncertain how to respond to these new dynamics and adhere to predefined fiduciary duties to stockholders. The uncertainty has led to schizophrenic responses,, including the increasing use of dual-class stock and wholesale corporate governance changes of uncertain validity designed to fight off or placate certain shareholder groups. We believe that these enormous changes merit a review of corporate law to examine needed adjustments for these revolutionary times. For example, much of the case law governing corporate conduct was created in another time–the 1980s–and designed to meet another disruptive force–hostile takeovers. Is it time to reexamine this case law and create new laws for possibly different threats? Alternatively, statutory laws such as the rules governing appraisal rights seem ripe for a complete review in the wake of appraisal arbitrage. In this book, we bring together many of the leading scholars of Delaware corporate law to examine these issues. The fourteen chapters, and a judicial overview by Delaware Chief Justice Leo E. String Jr., cast light on the current tensions in Delaware law and how Delaware’s courts and legislature should address them.
Mariya Y. Omelicheva
- Published in print:
- 2015
- Published Online:
- May 2016
- ISBN:
- 9780813160689
- eISBN:
- 9780813161006
- Item type:
- chapter
- Publisher:
- University Press of Kentucky
- DOI:
- 10.5810/kentucky/9780813160689.003.0004
- Subject:
- Political Science, Democratization
Discussed in this chapter are US and EU views on democracy and international democratization, as well as normative and instrumental beliefs about the benefits and intrinsic merits of democracy as a ...
More
Discussed in this chapter are US and EU views on democracy and international democratization, as well as normative and instrumental beliefs about the benefits and intrinsic merits of democracy as a political system that underlie the US and EU frames. Despite the growing strategic importance of Central Asia for both the US and EU, the official discourses of American and European administrations have framed democracy assistance as a necessary, if not inevitable, element of foreign policy. Western-sponsored foundations and NGOs pursued a range of liberalization and democracy-enhancement projects in Central Asia that were similar to those introduced in other former Soviet territories. The IMF and World Bank also became heavily involved in advising all the Central Asian governments on the macro-level reforms required for rapid economic liberalization. This chapter names democracy, good governance, and the rule of law as the focus of US and EU engagement with the region. There are, however, important differences in terms of views on democracy and expectations in Central Asia that must be supported to facilitate these countries' democratic transformation, conveyed through the language of discourse.Less
Discussed in this chapter are US and EU views on democracy and international democratization, as well as normative and instrumental beliefs about the benefits and intrinsic merits of democracy as a political system that underlie the US and EU frames. Despite the growing strategic importance of Central Asia for both the US and EU, the official discourses of American and European administrations have framed democracy assistance as a necessary, if not inevitable, element of foreign policy. Western-sponsored foundations and NGOs pursued a range of liberalization and democracy-enhancement projects in Central Asia that were similar to those introduced in other former Soviet territories. The IMF and World Bank also became heavily involved in advising all the Central Asian governments on the macro-level reforms required for rapid economic liberalization. This chapter names democracy, good governance, and the rule of law as the focus of US and EU engagement with the region. There are, however, important differences in terms of views on democracy and expectations in Central Asia that must be supported to facilitate these countries' democratic transformation, conveyed through the language of discourse.
Carla Rahn Phillips
- Published in print:
- 1994
- Published Online:
- May 2019
- ISBN:
- 9780969588566
- eISBN:
- 9781786944870
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.3828/liverpool/9780969588566.003.0001
- Subject:
- History, Maritime History
Carla Rahn Phillips considers the market for maritime labour in early-modern Spain, finding that despite the necessity of sailors and existence of the market, wages remained low and skilled maritime ...
More
Carla Rahn Phillips considers the market for maritime labour in early-modern Spain, finding that despite the necessity of sailors and existence of the market, wages remained low and skilled maritime labourers did not have bargaining power, rendering the system inefficient.Less
Carla Rahn Phillips considers the market for maritime labour in early-modern Spain, finding that despite the necessity of sailors and existence of the market, wages remained low and skilled maritime labourers did not have bargaining power, rendering the system inefficient.
Vince Walsh
- Published in print:
- 1994
- Published Online:
- May 2019
- ISBN:
- 9780969588566
- eISBN:
- 9781786944870
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.3828/liverpool/9780969588566.003.0002
- Subject:
- History, Maritime History
Vince Walsh examines Salem, Massachusetts, and finds that the market within Salem was efficient yet would only recruit within Salem and suffered as a result.
Vince Walsh examines Salem, Massachusetts, and finds that the market within Salem was efficient yet would only recruit within Salem and suffered as a result.
Paul C. van Royen
- Published in print:
- 1994
- Published Online:
- May 2019
- ISBN:
- 9780969588566
- eISBN:
- 9781786944870
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.3828/liverpool/9780969588566.003.0003
- Subject:
- History, Maritime History
Paul van Royen focusses on seventeenth and eighteenth century Netherlands, and finds the organisations functioned well but enable huge discrepancies in wages.
Paul van Royen focusses on seventeenth and eighteenth century Netherlands, and finds the organisations functioned well but enable huge discrepancies in wages.
David J. Starkey
- Published in print:
- 1994
- Published Online:
- May 2019
- ISBN:
- 9780969588566
- eISBN:
- 9781786944870
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.3828/liverpool/9780969588566.003.0004
- Subject:
- History, Maritime History
David Starkey studies eighteenth century England, noting a fluctuation between efficiency and inefficiency across markets.
David Starkey studies eighteenth century England, noting a fluctuation between efficiency and inefficiency across markets.
David M. Williams
- Published in print:
- 1994
- Published Online:
- May 2019
- ISBN:
- 9780969588566
- eISBN:
- 9781786944870
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.3828/liverpool/9780969588566.003.0005
- Subject:
- History, Maritime History
David Williams discusses the emergence on the advance note and the tremendous influence it had on market behaviour, indicating inefficient markets.
David Williams discusses the emergence on the advance note and the tremendous influence it had on market behaviour, indicating inefficient markets.
Yrjö Kaukiainen
- Published in print:
- 1994
- Published Online:
- May 2019
- ISBN:
- 9780969588566
- eISBN:
- 9781786944870
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.3828/liverpool/9780969588566.003.0006
- Subject:
- History, Maritime History
Yrjo Kaukiainen considers Finland’s history of interconnected local maritime labour markets, but also struggles to quantify their ‘efficiency’ after also taking issue with the ambiguous phrase.
Yrjo Kaukiainen considers Finland’s history of interconnected local maritime labour markets, but also struggles to quantify their ‘efficiency’ after also taking issue with the ambiguous phrase.
Lewis R. Fischer
- Published in print:
- 1994
- Published Online:
- May 2019
- ISBN:
- 9780969588566
- eISBN:
- 9781786944870
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.3828/liverpool/9780969588566.003.0007
- Subject:
- History, Maritime History
Lewis R. Fischer addresses the imbalance of wages in Norwegian maritime markets and finds that despite the integration from local to regional markets, the system remained inefficient.
Lewis R. Fischer addresses the imbalance of wages in Norwegian maritime markets and finds that despite the integration from local to regional markets, the system remained inefficient.
Morten Hahn-Pedersen and Pout Holm
- Published in print:
- 1994
- Published Online:
- May 2019
- ISBN:
- 9780969588566
- eISBN:
- 9781786944870
- Item type:
- chapter
- Publisher:
- Liverpool University Press
- DOI:
- 10.3828/liverpool/9780969588566.003.0008
- Subject:
- History, Maritime History
Morten Hahn-Pedersen and Poul Holm consider the fishing and shipping markets in Denmark and believe the wage inconsistencies reflect an inefficient system.
Morten Hahn-Pedersen and Poul Holm consider the fishing and shipping markets in Denmark and believe the wage inconsistencies reflect an inefficient system.
- Published in print:
- 2004
- Published Online:
- January 2019
- ISBN:
- 9780973007374
- eISBN:
- 9781786944672
- Item type:
- book
- Publisher:
- Liverpool University Press
- DOI:
- 10.5949/liverpool/9780973007374.001.0001
- Subject:
- History, Maritime History
This collection provides a tribute to the career of maritime historian Yrjö Kaukiainen, composed upon his retirement from the University of Helsinki. It collects seventeen of his maritime essays ...
More
This collection provides a tribute to the career of maritime historian Yrjö Kaukiainen, composed upon his retirement from the University of Helsinki. It collects seventeen of his maritime essays written in English, reprinted in order to celebrate his career and impact on the field of maritime history. The selected essays encompass the following themes: maritime Finland; maritime labour; sail, steam, coal, and canvas; the timber-trade; maritime communication and networks; ship measurement and shipping statistics; the economics of merchant shipping; managerial skills in Finnish merchant fleets; and international freight markets. The collection primarily concerns Finnish shipping, and the maritime relationships between Finland and the wider international community, including the British timber-trade, the wider Baltic timber-trade, and Dutch shipping in relation to the Swedish Navigation Act. The essays are prefaced by three tributes of Kaukiainen’s career, penned by Lars U. Scholl, Merja-Liisa Hinkkanen, and Lewis R. Fischer, respectively. The volume concludes with a bibliography of Kaukiainen’s work on maritime history, in both Swedish and English, from 1981 to 2003.Less
This collection provides a tribute to the career of maritime historian Yrjö Kaukiainen, composed upon his retirement from the University of Helsinki. It collects seventeen of his maritime essays written in English, reprinted in order to celebrate his career and impact on the field of maritime history. The selected essays encompass the following themes: maritime Finland; maritime labour; sail, steam, coal, and canvas; the timber-trade; maritime communication and networks; ship measurement and shipping statistics; the economics of merchant shipping; managerial skills in Finnish merchant fleets; and international freight markets. The collection primarily concerns Finnish shipping, and the maritime relationships between Finland and the wider international community, including the British timber-trade, the wider Baltic timber-trade, and Dutch shipping in relation to the Swedish Navigation Act. The essays are prefaced by three tributes of Kaukiainen’s career, penned by Lars U. Scholl, Merja-Liisa Hinkkanen, and Lewis R. Fischer, respectively. The volume concludes with a bibliography of Kaukiainen’s work on maritime history, in both Swedish and English, from 1981 to 2003.
Christopher M.D. Wilkie
- Published in print:
- 2011
- Published Online:
- January 2012
- ISBN:
- 9780199606467
- eISBN:
- 9780191731648
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199606467.003.0003
- Subject:
- Economics and Finance, Macro- and Monetary Economics
As soon as SDRs were instituted, the Bretton Woods arrangements began to unravel. While some observers noted that SDRs could not save the Bretton Woods system and were therefore doomed to ...
More
As soon as SDRs were instituted, the Bretton Woods arrangements began to unravel. While some observers noted that SDRs could not save the Bretton Woods system and were therefore doomed to irrelevance, others—in both the private and public sector—noted that they could serve a useful role, including in the provision of much‐needed liquidity to developing countries. The experience of a nascent and successful private market in SDRs is also an important but hitherto neglected attribute.Less
As soon as SDRs were instituted, the Bretton Woods arrangements began to unravel. While some observers noted that SDRs could not save the Bretton Woods system and were therefore doomed to irrelevance, others—in both the private and public sector—noted that they could serve a useful role, including in the provision of much‐needed liquidity to developing countries. The experience of a nascent and successful private market in SDRs is also an important but hitherto neglected attribute.
