Jack Hayward
- Published in print:
- 2007
- Published Online:
- May 2007
- ISBN:
- 9780199216314
- eISBN:
- 9780191712265
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199216314.003.0014
- Subject:
- Political Science, European Union
Republican values embodied in the French model have lost credibility and await a crisis to shake protectionist France out of its lethargy.
Republican values embodied in the French model have lost credibility and await a crisis to shake protectionist France out of its lethargy.
Jerome L. Stein
- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.001.0001
- Subject:
- Economics and Finance, Financial Economics
This book focuses on the interaction between equilibrium real exchange rates, optimal external debt, endogenous optimal growth, and current account balances in a world of uncertainty. The theoretical ...
More
This book focuses on the interaction between equilibrium real exchange rates, optimal external debt, endogenous optimal growth, and current account balances in a world of uncertainty. The theoretical parts result from interdisciplinary research between economics and state of the art applied mathematics. From the economic theory and the mathematics of stochastic optimal control, benchmarks are derived for the optimal debt and equilibrium real exchange rate in an environment where both the return on capital and the real rate of interest are stochastic variables. The theoretically derived equilibrium real exchange rate — the natural real exchange rate (NATREX) — is where the real exchange rate is heading. These benchmarks are applied to answer the following questions: What is a theoretically based empirical measure of a “misaligned” exchange rate that increases the probability of a significant depreciation or a currency crisis? What is a theoretically based empirical measure of an “excess” debt that increases the probability of a debt crisis? What is the interaction between an excess debt and a misaligned exchange rate? The theory is applied to evaluate the Euro exchange rate, the exchange rates of the transition economies of Eastern Europe, the sustainability of U.S. current account deficits, and derives warning signals of the Asian crises, defaults, and debt crises in emerging markets.Less
This book focuses on the interaction between equilibrium real exchange rates, optimal external debt, endogenous optimal growth, and current account balances in a world of uncertainty. The theoretical parts result from interdisciplinary research between economics and state of the art applied mathematics. From the economic theory and the mathematics of stochastic optimal control, benchmarks are derived for the optimal debt and equilibrium real exchange rate in an environment where both the return on capital and the real rate of interest are stochastic variables. The theoretically derived equilibrium real exchange rate — the natural real exchange rate (NATREX) — is where the real exchange rate is heading. These benchmarks are applied to answer the following questions: What is a theoretically based empirical measure of a “misaligned” exchange rate that increases the probability of a significant depreciation or a currency crisis? What is a theoretically based empirical measure of an “excess” debt that increases the probability of a debt crisis? What is the interaction between an excess debt and a misaligned exchange rate? The theory is applied to evaluate the Euro exchange rate, the exchange rates of the transition economies of Eastern Europe, the sustainability of U.S. current account deficits, and derives warning signals of the Asian crises, defaults, and debt crises in emerging markets.
Francis G. Castles
- Published in print:
- 2004
- Published Online:
- November 2004
- ISBN:
- 9780199270170
- eISBN:
- 9780191601514
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199270171.001.0001
- Subject:
- Political Science, Political Economy
This book uses data from 21 OECD countries for the period 1980 to 1998 to test a variety of hypotheses suggesting that contemporary welfare states are in crisis and to establish the factors shaping ...
More
This book uses data from 21 OECD countries for the period 1980 to 1998 to test a variety of hypotheses suggesting that contemporary welfare states are in crisis and to establish the factors shaping the trajectory of welfare state development during these years. It assesses the validity of arguments that globalization leads to a ‘race to the bottom’ in social spending and that population ageing poses a threat to public budgets. It finds both of these arguments wanting and, instead, suggests that contemporary welfare states have been converging to a steady state over recent decades. The book also examines the extent to which welfare states across the OECD have been restructured in recent years and whether there are signs of the emergence of a distinctive European ‘social model’. Again, it finds that accounts of substantial welfare state restructuring and of the Europeanization of the welfare state are much exaggerated. Finally, the book identifies a potential threat to the viability of existing societies in a trend to declining fertility throughout the advanced world, but argues that the welfare state in the form of family-friendly policy is actually our best protection against this trend.Less
This book uses data from 21 OECD countries for the period 1980 to 1998 to test a variety of hypotheses suggesting that contemporary welfare states are in crisis and to establish the factors shaping the trajectory of welfare state development during these years. It assesses the validity of arguments that globalization leads to a ‘race to the bottom’ in social spending and that population ageing poses a threat to public budgets. It finds both of these arguments wanting and, instead, suggests that contemporary welfare states have been converging to a steady state over recent decades. The book also examines the extent to which welfare states across the OECD have been restructured in recent years and whether there are signs of the emergence of a distinctive European ‘social model’. Again, it finds that accounts of substantial welfare state restructuring and of the Europeanization of the welfare state are much exaggerated. Finally, the book identifies a potential threat to the viability of existing societies in a trend to declining fertility throughout the advanced world, but argues that the welfare state in the form of family-friendly policy is actually our best protection against this trend.
Jack Hayward (ed.)
- Published in print:
- 1996
- Published Online:
- November 2003
- ISBN:
- 9780198280354
- eISBN:
- 9780191599422
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198280351.001.0001
- Subject:
- Political Science, Comparative Politics
Are European elites losing touch with their peoples? The populist challenge to representative democracy is as old as democracy itself but its impact has differed between European countries. Should ...
More
Are European elites losing touch with their peoples? The populist challenge to representative democracy is as old as democracy itself but its impact has differed between European countries. Should elected representatives respond to people's demands or to their needs? Is the press a reliable source of public information and a critical check on governments and powerful interests? Are political parties effectively mediating between leaders and mass publics or do they face a legitimacy crisis? Are parliaments able to enforce government accountability? Can the European Union and national governments persuade their peoples to accept the necessity of economic constraints upon their demands? The challenge to political leaders in liberal democracies is to deal realistically with problems without provoking public alienation from the political process, a challenge that they are finding increasingly difficult to face successfully.Less
Are European elites losing touch with their peoples? The populist challenge to representative democracy is as old as democracy itself but its impact has differed between European countries. Should elected representatives respond to people's demands or to their needs? Is the press a reliable source of public information and a critical check on governments and powerful interests? Are political parties effectively mediating between leaders and mass publics or do they face a legitimacy crisis? Are parliaments able to enforce government accountability? Can the European Union and national governments persuade their peoples to accept the necessity of economic constraints upon their demands? The challenge to political leaders in liberal democracies is to deal realistically with problems without provoking public alienation from the political process, a challenge that they are finding increasingly difficult to face successfully.
Jude Hays
- Published in print:
- 2009
- Published Online:
- September 2009
- ISBN:
- 9780195369335
- eISBN:
- 9780199871056
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195369335.001.0001
- Subject:
- Political Science, Political Economy
On one level, the book is about how national institutions, such as electoral and labor market institutions, shape the political and policy responses of government to economic globalization: it is ...
More
On one level, the book is about how national institutions, such as electoral and labor market institutions, shape the political and policy responses of government to economic globalization: it is about how domestic politics reacts to and interacts with the global economy and how institutions structure these relationships. However, on a deeper level, the book is about the political backlash against globalization in the Anglo-American democracies. The book's analysis is based on the fact that the future of the global economy is at stake, and possibly so is international peace and stability. The book analyzes the risks to the state of the international economy from economic nationalism, the current global economic crisis, and recent concerns over national security.Less
On one level, the book is about how national institutions, such as electoral and labor market institutions, shape the political and policy responses of government to economic globalization: it is about how domestic politics reacts to and interacts with the global economy and how institutions structure these relationships. However, on a deeper level, the book is about the political backlash against globalization in the Anglo-American democracies. The book's analysis is based on the fact that the future of the global economy is at stake, and possibly so is international peace and stability. The book analyzes the risks to the state of the international economy from economic nationalism, the current global economic crisis, and recent concerns over national security.
Stephen Skowronek
- Published in print:
- 2009
- Published Online:
- July 2012
- ISBN:
- 9780195392135
- eISBN:
- 9780199852543
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195392135.003.0013
- Subject:
- Political Science, American Politics
This chapter argues that many scholars still have failed to understand the American state as a “state” and that issues before regarding “sustainability”, “fiscal crisis”, and “legitimation crisis” ...
More
This chapter argues that many scholars still have failed to understand the American state as a “state” and that issues before regarding “sustainability”, “fiscal crisis”, and “legitimation crisis” are still eminent up to now. This raises questions about the state' capacity and responsibility. In addition, the American state remains to be described in terms of false dichotomies–strong versus weak, active versus passive, conservative versus liberal, even state versus society. Also, the chapter presents how the American state appears to be increasingly egalitarian but continues to be hierarchal. The American state's apparent changeability and un-state-like characteristics such as volatility, unpredictability, and reversibility may likely be exacerbated than resolved by the Obama administration.Less
This chapter argues that many scholars still have failed to understand the American state as a “state” and that issues before regarding “sustainability”, “fiscal crisis”, and “legitimation crisis” are still eminent up to now. This raises questions about the state' capacity and responsibility. In addition, the American state remains to be described in terms of false dichotomies–strong versus weak, active versus passive, conservative versus liberal, even state versus society. Also, the chapter presents how the American state appears to be increasingly egalitarian but continues to be hierarchal. The American state's apparent changeability and un-state-like characteristics such as volatility, unpredictability, and reversibility may likely be exacerbated than resolved by the Obama administration.
Michael Chui and Prasanna Gai
- Published in print:
- 2005
- Published Online:
- July 2005
- ISBN:
- 9780199267750
- eISBN:
- 9780191602504
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199267758.001.0001
- Subject:
- Economics and Finance, Financial Economics
This book offers an analytical perspective on the policy debate on the design and reform of the international financial architecture. It stresses the role played by coordination problems in the ...
More
This book offers an analytical perspective on the policy debate on the design and reform of the international financial architecture. It stresses the role played by coordination problems in the origin and management of crises by relating the insights of the new literature on global games to earlier work on currency crises, bank runs, and sovereign debt default. It draws on recent research and policy work to examine the debate on the design of sovereign bankruptcy procedures, the role of the IMF in influencing the actions of creditors and debtors, and the role of private sector involvement in the management of financial crises.Less
This book offers an analytical perspective on the policy debate on the design and reform of the international financial architecture. It stresses the role played by coordination problems in the origin and management of crises by relating the insights of the new literature on global games to earlier work on currency crises, bank runs, and sovereign debt default. It draws on recent research and policy work to examine the debate on the design of sovereign bankruptcy procedures, the role of the IMF in influencing the actions of creditors and debtors, and the role of private sector involvement in the management of financial crises.
Carl-Ulrik Schierup
- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780198280521
- eISBN:
- 9780191603730
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198280521.003.0001
- Subject:
- Political Science, European Union
This chapter introduces the book’s central questions, themes, and theoretical concepts, and elaborates on the moral-political premises of the study. It starts with a discussion of the contemporary ...
More
This chapter introduces the book’s central questions, themes, and theoretical concepts, and elaborates on the moral-political premises of the study. It starts with a discussion of the contemporary dual crisis of the welfare state and the nation. This complex crisis presents the European Union with a dilemma centered on changing frameworks of citizenship, social exclusion, and the racialization of social relations. It has important historical similarities with the American dilemma of race, class, and democracy described by the Swedish economist Gunnar Myrdal. This emerging ‘European dilemma’ can no longer be dealt with through the defensive strategies through which European governments and EU institutions have endeavored to appease anti-immigrant populist parties in the past: by adopting restrictive immigration and asylum regimes, shifting from multiculturalism towards revamped assimilationist policies, or devising new ‘guest worker’ systems designed to keep the ‘problem’ away from the core institutions of society altogether. On the one hand, the very future of the European project of integration is dependent on the successful framing of new inclusive modes of citizenship and broad forms of social solidarity. On the other hand, taking this task seriously means confronting powerful political and economic interests. Thus, a central question of the book is whether current national and EU-level anti-discrimination and equal opportunities policies can succeed in the absence of some form of broad social compact on citizenship and social welfare in terms of normative political consensus, and strong institutions beyond and complementary to the market.Less
This chapter introduces the book’s central questions, themes, and theoretical concepts, and elaborates on the moral-political premises of the study. It starts with a discussion of the contemporary dual crisis of the welfare state and the nation. This complex crisis presents the European Union with a dilemma centered on changing frameworks of citizenship, social exclusion, and the racialization of social relations. It has important historical similarities with the American dilemma of race, class, and democracy described by the Swedish economist Gunnar Myrdal. This emerging ‘European dilemma’ can no longer be dealt with through the defensive strategies through which European governments and EU institutions have endeavored to appease anti-immigrant populist parties in the past: by adopting restrictive immigration and asylum regimes, shifting from multiculturalism towards revamped assimilationist policies, or devising new ‘guest worker’ systems designed to keep the ‘problem’ away from the core institutions of society altogether. On the one hand, the very future of the European project of integration is dependent on the successful framing of new inclusive modes of citizenship and broad forms of social solidarity. On the other hand, taking this task seriously means confronting powerful political and economic interests. Thus, a central question of the book is whether current national and EU-level anti-discrimination and equal opportunities policies can succeed in the absence of some form of broad social compact on citizenship and social welfare in terms of normative political consensus, and strong institutions beyond and complementary to the market.
Jochen Prantl
- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199287680
- eISBN:
- 9780191603723
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199287686.003.0004
- Subject:
- Political Science, International Relations and Politics
This chapter examines the question of why informal groups of states proliferated in the post-Cold war era. It argues that the proliferation of groups of friends and contact groups must be analyzed in ...
More
This chapter examines the question of why informal groups of states proliferated in the post-Cold war era. It argues that the proliferation of groups of friends and contact groups must be analyzed in the context of the mounting pressure on the United Nations’ conflict resolution machinery to respond to more complex crises than ever before. Informal groups of states are agents of incremental change, without formally changing the constitutional foundation of the Organization. At the same time, the post-Cold War era has permitted a political context that furthers the trend towards devolution of the substance of crisis management to informal groups of states, whereas the Security Council provides — at least in most cases — the form, that is, the legitimization for state action. The functions of diplomacy and its collective legitimization have become decoupled.Less
This chapter examines the question of why informal groups of states proliferated in the post-Cold war era. It argues that the proliferation of groups of friends and contact groups must be analyzed in the context of the mounting pressure on the United Nations’ conflict resolution machinery to respond to more complex crises than ever before. Informal groups of states are agents of incremental change, without formally changing the constitutional foundation of the Organization. At the same time, the post-Cold War era has permitted a political context that furthers the trend towards devolution of the substance of crisis management to informal groups of states, whereas the Security Council provides — at least in most cases — the form, that is, the legitimization for state action. The functions of diplomacy and its collective legitimization have become decoupled.
Jochen Prantl
- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199287680
- eISBN:
- 9780191603723
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199287686.003.0008
- Subject:
- Political Science, International Relations and Politics
This chapter illustrates the extreme case of conducting crisis management outside the UN framework without explicit authorization of the Security Council. It argues that despite the marginalization ...
More
This chapter illustrates the extreme case of conducting crisis management outside the UN framework without explicit authorization of the Security Council. It argues that despite the marginalization of the Security Council in the management of the crisis, the institution continued to exert a pull on the players to seek post-hoc legitimization of the settlement. The prospect of re-involving the United Nations constituted an important precondition for the resolution of conflict. Ancillary to the first point, G-8 and Troika were instrumental in providing a platform for the re-involvement of the United Nations. Exiting the UN framework allowed the use of military force, which the Western Alliance considered necessary to achieve political outcomes. The retreat to informal settings such as Quint, G-8, and Troika allowed the merging of the military and political track of conflict management that had been disconnected.Less
This chapter illustrates the extreme case of conducting crisis management outside the UN framework without explicit authorization of the Security Council. It argues that despite the marginalization of the Security Council in the management of the crisis, the institution continued to exert a pull on the players to seek post-hoc legitimization of the settlement. The prospect of re-involving the United Nations constituted an important precondition for the resolution of conflict. Ancillary to the first point, G-8 and Troika were instrumental in providing a platform for the re-involvement of the United Nations. Exiting the UN framework allowed the use of military force, which the Western Alliance considered necessary to achieve political outcomes. The retreat to informal settings such as Quint, G-8, and Troika allowed the merging of the military and political track of conflict management that had been disconnected.
Jacob Höglund
- Published in print:
- 2009
- Published Online:
- May 2009
- ISBN:
- 9780199214211
- eISBN:
- 9780191706660
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199214211.001.0001
- Subject:
- Biology, Biodiversity / Conservation Biology, Evolutionary Biology / Genetics
Conservation genetics focuses on understanding the role and requirement of genetic variation for population persistence. However, considerable debate now surrounds the role of genetic factors (as ...
More
Conservation genetics focuses on understanding the role and requirement of genetic variation for population persistence. However, considerable debate now surrounds the role of genetic factors (as opposed to non-genetic factors such as habitat destruction, etc.) in population extinction, and a synthesis is now timely. Can extinction be explained by habitat destruction alone or is lack of genetic variation a part of the explanation? The book reviews the arguments for a role of genetics in the present biodiversity crisis. It describes the methods used to study genetic variation in endangered species and examines the influence of genetic variation in the extinction of species. To date, conservation genetics has predominantly utilized neutral genetic markers, e.g., microsatellites. However, with the recent advances in molecular genetics and genomics it will soon be possible to study ‘direct gene action’, following the fate of genetic variation at the level of DNA, through expression, to proteins in order to determine how such phenotypes fare in populations of free living organisms. This book explores these exciting avenues of future research potential, integrating ecological quantitative genetics with the new genome science. It is now more important than ever that we ask relevant questions about the evolutionary fate of endangered populations throughout the globe and incorporate our knowledge of evolutionary processes and the distribution of genetic diversity into effective conservation planning and action.Less
Conservation genetics focuses on understanding the role and requirement of genetic variation for population persistence. However, considerable debate now surrounds the role of genetic factors (as opposed to non-genetic factors such as habitat destruction, etc.) in population extinction, and a synthesis is now timely. Can extinction be explained by habitat destruction alone or is lack of genetic variation a part of the explanation? The book reviews the arguments for a role of genetics in the present biodiversity crisis. It describes the methods used to study genetic variation in endangered species and examines the influence of genetic variation in the extinction of species. To date, conservation genetics has predominantly utilized neutral genetic markers, e.g., microsatellites. However, with the recent advances in molecular genetics and genomics it will soon be possible to study ‘direct gene action’, following the fate of genetic variation at the level of DNA, through expression, to proteins in order to determine how such phenotypes fare in populations of free living organisms. This book explores these exciting avenues of future research potential, integrating ecological quantitative genetics with the new genome science. It is now more important than ever that we ask relevant questions about the evolutionary fate of endangered populations throughout the globe and incorporate our knowledge of evolutionary processes and the distribution of genetic diversity into effective conservation planning and action.
Lawrence Jacobs and Desmond King (eds)
- Published in print:
- 2009
- Published Online:
- July 2012
- ISBN:
- 9780195392135
- eISBN:
- 9780199852543
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195392135.001.0001
- Subject:
- Political Science, American Politics
The complexity of the American economy and polity has grown at an explosive rate in our era of globalization. Yet as the 2008 financial crisis revealed, the evolution of the American state has not ...
More
The complexity of the American economy and polity has grown at an explosive rate in our era of globalization. Yet as the 2008 financial crisis revealed, the evolution of the American state has not proceeded apace. The crisis exposed the system's manifold political and economic dysfunctionalities. This book is a historically informed account of the American state's development from the 19th century to the present. It focuses in particular on the state-produced inequalities and administrative incoherence that became so apparent in the post-1970s era. The book offers an unsettling account of the growth of racial and economic inequality, the ossification of the state, the gradual erosion of democracy, and the problems deriving from imperial overreach. Utilizing the framework of sustainability, a concept that is currently informing some of the best work on governance and development, the chapters in this book show how the USA's current trajectory does not imply an impending collapse, but rather a gradual erosion of capacity and legitimacy. That is a more appropriate theoretical framework, the book contends, because for all of its manifest flaws, the American state is durable. That durability, however, does not preclude a long relative decline.Less
The complexity of the American economy and polity has grown at an explosive rate in our era of globalization. Yet as the 2008 financial crisis revealed, the evolution of the American state has not proceeded apace. The crisis exposed the system's manifold political and economic dysfunctionalities. This book is a historically informed account of the American state's development from the 19th century to the present. It focuses in particular on the state-produced inequalities and administrative incoherence that became so apparent in the post-1970s era. The book offers an unsettling account of the growth of racial and economic inequality, the ossification of the state, the gradual erosion of democracy, and the problems deriving from imperial overreach. Utilizing the framework of sustainability, a concept that is currently informing some of the best work on governance and development, the chapters in this book show how the USA's current trajectory does not imply an impending collapse, but rather a gradual erosion of capacity and legitimacy. That is a more appropriate theoretical framework, the book contends, because for all of its manifest flaws, the American state is durable. That durability, however, does not preclude a long relative decline.
John R. Patterson
- Published in print:
- 2006
- Published Online:
- September 2007
- ISBN:
- 9780198140887
- eISBN:
- 9780191712166
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198140887.003.0001
- Subject:
- Classical Studies, European History: BCE to 500CE
Engaging with Fergus Millar’s observation that ‘Italy under the Empire has no history’, the introduction outlines the aims of the book, which is envisaged as a contribution to the history of imperial ...
More
Engaging with Fergus Millar’s observation that ‘Italy under the Empire has no history’, the introduction outlines the aims of the book, which is envisaged as a contribution to the history of imperial Italy. It focuses on the paradox that the ‘golden age’ of the Roman Empire has often been thought a time of decline or even crisis for the Italian peninsula. It also emphasizes the multiplicity of local situations emerging from the documentary and archaeological evidence, and outlines the themes of the following chapters.Less
Engaging with Fergus Millar’s observation that ‘Italy under the Empire has no history’, the introduction outlines the aims of the book, which is envisaged as a contribution to the history of imperial Italy. It focuses on the paradox that the ‘golden age’ of the Roman Empire has often been thought a time of decline or even crisis for the Italian peninsula. It also emphasizes the multiplicity of local situations emerging from the documentary and archaeological evidence, and outlines the themes of the following chapters.
Charles H. Feinstein, Peter Temin, and Gianni Toniolo
- Published in print:
- 2008
- Published Online:
- May 2008
- ISBN:
- 9780195307559
- eISBN:
- 9780199867929
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195307559.001.0001
- Subject:
- Economics and Finance, Economic History
This book surveys the main events in the international economy from the outbreak of the First World War to the end of the Second World War: a period of time variously defined as the “globalization ...
More
This book surveys the main events in the international economy from the outbreak of the First World War to the end of the Second World War: a period of time variously defined as the “globalization backlash”, the “Second Thirty Years War”, or simply “the World in Depression”. The book starts with the unfortunate peace settlement after the First World War and progresses to the ensuing hyperinflations and financial crises; from the attempts at rebuilding an international economic and monetary order in the face of rapid technical progress and productivity growth to the policy mistakes that brought about the Great Depression — the most devastating economic depression in human history; from wide-spread long-term unemployment to overall autarky and a second global conflagration. The opening chapter puts the interwar years in the long-term quantitative perspective of economic development over the whole of the 20th century while the final chapter highlights the long-run impact of the interwar years on the growth and policy features of the prosperous decades that followed the end of the Second World War.Less
This book surveys the main events in the international economy from the outbreak of the First World War to the end of the Second World War: a period of time variously defined as the “globalization backlash”, the “Second Thirty Years War”, or simply “the World in Depression”. The book starts with the unfortunate peace settlement after the First World War and progresses to the ensuing hyperinflations and financial crises; from the attempts at rebuilding an international economic and monetary order in the face of rapid technical progress and productivity growth to the policy mistakes that brought about the Great Depression — the most devastating economic depression in human history; from wide-spread long-term unemployment to overall autarky and a second global conflagration. The opening chapter puts the interwar years in the long-term quantitative perspective of economic development over the whole of the 20th century while the final chapter highlights the long-run impact of the interwar years on the growth and policy features of the prosperous decades that followed the end of the Second World War.
P. J. Marshall (ed.)
- Published in print:
- 2005
- Published Online:
- January 2012
- ISBN:
- 9780197263518
- eISBN:
- 9780191734021
- Item type:
- book
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197263518.001.0001
- Subject:
- History, Cultural History
This volume contains sixteen lectures given to the National Academy for the Humanities and Social Sciences in 2004. The topical issues debated in this volume include the patenting of AIDS drugs, the ...
More
This volume contains sixteen lectures given to the National Academy for the Humanities and Social Sciences in 2004. The topical issues debated in this volume include the patenting of AIDS drugs, the future pensions crisis (a lecture given by the Governor of the Bank of England), Britain's universities, and Pan-Islam. There are studies of Shakespeare, Pope, Montaigne, Robert Graves, and William Faulkner. And there are lectures on the Inquisition, empires in history, and the journey towards spiritual fulfillment.Less
This volume contains sixteen lectures given to the National Academy for the Humanities and Social Sciences in 2004. The topical issues debated in this volume include the patenting of AIDS drugs, the future pensions crisis (a lecture given by the Governor of the Bank of England), Britain's universities, and Pan-Islam. There are studies of Shakespeare, Pope, Montaigne, Robert Graves, and William Faulkner. And there are lectures on the Inquisition, empires in history, and the journey towards spiritual fulfillment.
Yung Chul Park
- Published in print:
- 2005
- Published Online:
- February 2006
- ISBN:
- 9780199276776
- eISBN:
- 9780191603051
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199276773.003.0025
- Subject:
- Economics and Finance, South and East Asia
China’s growing influence has become a concern in terms of its role and potential dominance in East Asian integration. The key to a successful new paradigm for East Asia involves taking elements from ...
More
China’s growing influence has become a concern in terms of its role and potential dominance in East Asian integration. The key to a successful new paradigm for East Asia involves taking elements from both the pre-crisis and Anglo-American models resulting in better policy coordination, more efficient regional cooperative agreements, and deeper integration.Less
China’s growing influence has become a concern in terms of its role and potential dominance in East Asian integration. The key to a successful new paradigm for East Asia involves taking elements from both the pre-crisis and Anglo-American models resulting in better policy coordination, more efficient regional cooperative agreements, and deeper integration.
Barry Eichengreen
- Published in print:
- 2002
- Published Online:
- October 2011
- ISBN:
- 9780199257430
- eISBN:
- 9780191698453
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199257430.001.0001
- Subject:
- Economics and Finance, Financial Economics
This book provides a critical assessment of the official sector's efforts to manage more effectively financial crises in emerging markets. The book reviews international initiatives on both the ...
More
This book provides a critical assessment of the official sector's efforts to manage more effectively financial crises in emerging markets. The book reviews international initiatives on both the crisis prevention and crisis resolution fronts. While crises will always be with us, it concludes that good progress has been made in limiting their spread and strengthening the international financial system. Ironically, however, official sector initiatives in this area may in fact have made life more difficult for the poorest countries. Initiatives to limit the incidence of crises and threats to the stability of the international financial system should therefore be linked to an increase in development assistance designed to offset the extra burdens on the poorest countries. The other place where official efforts have fallen short is in creating new ways of resolving crises. The book argues that the old way — the official sector financing through the International Monetary Fund — is part of the problem, not part of the solution.Less
This book provides a critical assessment of the official sector's efforts to manage more effectively financial crises in emerging markets. The book reviews international initiatives on both the crisis prevention and crisis resolution fronts. While crises will always be with us, it concludes that good progress has been made in limiting their spread and strengthening the international financial system. Ironically, however, official sector initiatives in this area may in fact have made life more difficult for the poorest countries. Initiatives to limit the incidence of crises and threats to the stability of the international financial system should therefore be linked to an increase in development assistance designed to offset the extra burdens on the poorest countries. The other place where official efforts have fallen short is in creating new ways of resolving crises. The book argues that the old way — the official sector financing through the International Monetary Fund — is part of the problem, not part of the solution.
Jerome L. Stein
- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.003.0008
- Subject:
- Economics and Finance, Financial Economics
The Asian financial crises were unexpected by the market and many countries in the region experienced it at about the same time. Drawing upon the theoretical analyses in chapters 2-4, an operational ...
More
The Asian financial crises were unexpected by the market and many countries in the region experienced it at about the same time. Drawing upon the theoretical analyses in chapters 2-4, an operational theory is provided to answer the following questions for the Asian countries: Was a currency crisis produced by an overvalued real exchange rate? Was a debt crisis produced by an “excessive/unsustainable” external debt? What was the interaction between the two? The models imply a set of objective, theoretically-based warning signals and empirical analysis allows the assessment of which countries were or were not highly vulnerable to shocks.Less
The Asian financial crises were unexpected by the market and many countries in the region experienced it at about the same time. Drawing upon the theoretical analyses in chapters 2-4, an operational theory is provided to answer the following questions for the Asian countries: Was a currency crisis produced by an overvalued real exchange rate? Was a debt crisis produced by an “excessive/unsustainable” external debt? What was the interaction between the two? The models imply a set of objective, theoretically-based warning signals and empirical analysis allows the assessment of which countries were or were not highly vulnerable to shocks.
Dawn R. Gilpin and Priscilla J. Murphy
- Published in print:
- 2008
- Published Online:
- September 2008
- ISBN:
- 9780195328721
- eISBN:
- 9780199869930
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195328721.003.0011
- Subject:
- Business and Management, Strategy
This chapter brings together three streams of thought — crisis literature, complexity, and organizational learning — showing how their combination extends the thinking about crisis communication. It ...
More
This chapter brings together three streams of thought — crisis literature, complexity, and organizational learning — showing how their combination extends the thinking about crisis communication. It summarizes the key assumptions that inform most mainstream approaches to crisis communication. They are divided into four general categories: philosophical assumptions, assumptions about organizations, assumptions about knowledge, and assumptions about crisis management.Less
This chapter brings together three streams of thought — crisis literature, complexity, and organizational learning — showing how their combination extends the thinking about crisis communication. It summarizes the key assumptions that inform most mainstream approaches to crisis communication. They are divided into four general categories: philosophical assumptions, assumptions about organizations, assumptions about knowledge, and assumptions about crisis management.
Barry Eichengreen
- Published in print:
- 2002
- Published Online:
- October 2011
- ISBN:
- 9780199257430
- eISBN:
- 9780191698453
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199257430.003.0006
- Subject:
- Economics and Finance, Financial Economics
This chapter comments on the international community's crisis prevention and crisis resolution efforts. It suggests that though a variety of initiatives have been successful, two gaps remain. One is ...
More
This chapter comments on the international community's crisis prevention and crisis resolution efforts. It suggests that though a variety of initiatives have been successful, two gaps remain. One is addressing the problems of the poorest countries because several elements of the so-called new international financial architecture have created further obstacles to their road to economic development. The other gap involves creating alternatives to bailouts for resolving crises in order to ease the pressure on the International Monetary Fund to extend to financial assistance.Less
This chapter comments on the international community's crisis prevention and crisis resolution efforts. It suggests that though a variety of initiatives have been successful, two gaps remain. One is addressing the problems of the poorest countries because several elements of the so-called new international financial architecture have created further obstacles to their road to economic development. The other gap involves creating alternatives to bailouts for resolving crises in order to ease the pressure on the International Monetary Fund to extend to financial assistance.
