American Default
Author: Sebastian Edwards
Publisher: Princeton University Press
Published: 2019-09-10
Total Pages: 288
ISBN-13: 0691196044
DOWNLOAD EBOOKThe untold story of how FDR did the unthinkable to save the American economy.
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Why Not Default?
Author: Jerome E. Roos
Publisher: Princeton University Press
Published: 2019-02-12
Total Pages: 413
ISBN-13: 0691184933
DOWNLOAD EBOOKHow creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone—including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015. Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis—with devastating social consequences and far-reaching implications for democracy.
In Default of Heirs Male
Author: Jann Rowland
Publisher: One Good Sonnet Publishing
Published:
Total Pages: 474
ISBN-13: 1989212565
DOWNLOAD EBOOKLongbourn estate in Hertfordshire, home of the Bennet family, is entailed. Armed with this unfortunate knowledge, the females of the family have long lived with the threat of eviction from their beloved home should Mr. Bennet pass away before his time. When the unthinkable happens, the Bennet ladies prepare to leave their home as the heir arrives to take control of his inheritance. Salvation comes, however, by the most surprising of news: Mrs. Bennet is with child. While waiting for the child to be born, Elizabeth takes control over the estate, determined to save as much as possible in the brief season she has been given. Fortunately, the Netherfield party arrives, and the attentions of the new master of the estate bring them all to hope that Jane, at least, will achieve her heart’s desire. But little does Elizabeth know she is also the subject of a gentleman’s interest, for Mr. Darcy sees her as an excellent woman who is eager to uphold the trust with which her father favored her. Despite his feelings, Elizabeth is slow to understand the love that might be within her grasp, as she struggles with her duty under the specter of the heir, who believes the Bennets have cheated him of his inheritance and will do whatever he can to ensure he gets what he believes is his.
No Precedent, No Plan
Author: Martin G. Gilman
Publisher: MIT Press
Published: 2010
Total Pages: 355
ISBN-13: 0262014653
DOWNLOAD EBOOKReview: "In 1998, President Boris Yeltsin's government defaulted on its domestic debt and Russia experienced a financial meltdown that brought it to the brink of disaster. In No Precedent, No plan, Martin Gilman offers an insider's view of Russia's financial crisis. As the International Monetary Fund's senior person in Moscow, Gilman was in the eye of the storm. Russia's policy response to the economic collapse stemming from the disintegration of the Soviet Union was chaotic. Fiscal deficits loomed in anticipation of future budget revenue that never seemed to materialize--despite repeated promises to the IMF. The rapid buildup of sovereign debt would have challenged even a competent government. In the new Russia, with its barely functioning government and no consensus on the path toward democratic and economic transformation, domestic politics trumped economic common sense." "Gilman argues that the debt default, although avoidable, actually spurred Russia to integrate its economy with the rest of the world. In analyzing the ordeal of the 1998 crisis, Gilman suggests that the IMF helped Russia avoid an even greater catastrophe. He details the IMF's involvement and underscores the unique challenge that Russia presented to the IMF. There really was no precedent, even if economist Joseph Stiglitz and others argued otherwise. In recounting Russia's emergence from the IMF's tutelage, Gilman explains how the shell-shocked Russian public turned to Vladimir Putin in search of stability after the trauma of 1998. And although Russia's own prospects are favorable, Gilman expresses concern that the 1998 Russian default could serve as an unfortunate precedent for sovereign defaults in the future with the IMF once again playing a similar role." "No Precedent, No Plan offers a definitive account--the first from an insider's perspective--of Russia's painful transition to a market economy."--BOOK JACKET
Continent by Default
Author: Anne Marie Le Gloannec
Publisher: Cornell University Press
Published: 2018-01-15
Total Pages: 281
ISBN-13: 1501716689
DOWNLOAD EBOOKIntroduction : geopolitics without power politics -- From a strategy by default to a grand strategy? : in the beginning was enlargement -- The limits of enlargement : the end of certainties -- Peace, war, and confetti : an elusive security policy -- Boundaries and borderlands : from inside out? -- A crisis in the making? : the refugee crisis -- Competitive decadence? : Russia and the EU -- Conclusion : the waning geography of influence
An Introduction to Default Logic
Author: Philippe Besnard
Publisher: Springer Science & Business Media
Published: 2013-04-17
Total Pages: 221
ISBN-13: 3662056895
DOWNLOAD EBOOKThis book is written for those who are interested in a fonnalization of human reasoning, especially in order to build "intelligent" computer systems. Thus, it is mainly designed for the Artificial Intelligence community, both students and researchers, although it can be useful for people working in related fields like cognitive psychology. The major theme is not Artificial Intelligence applications, although these are discussed throughout in sketch fonn. Rather, the book places a heavy emphasis on the fonnal development of default logic, results and problems. Default logic provides a fonnalism for an important part of human reasoning. Default logic is specifically concerned with common sense reasoning, which has recently been recognized in the Artificial Intelligence literature to be of fundamental importance for knowledge representation. Previously, fonnalized reasoning systems failed in real world environments, though succeeding with an acceptable ratio in well-defined environments. This situation enabled empirical explorations and the design of systems without theoretical justification. In particular, they could not be compared since there was no basis to judge their respective merits. Default logic turned out to be very fruitful by proving the correctness of some of them. We hope that this book will initiate other successful developments in default logic.
Equality by Default
Author: Philippe Bénéton
Publisher: Intercollegiate Studies Institute
Published: 2004
Total Pages: 248
ISBN-13:
DOWNLOAD EBOOKPhilippe Beneton, a prominent French religious conservative, has long meditated on Tocqueville, and Equality by Default is Tocquevillian in that it does not offer a partisan polemic, but rather paints a picture of contemporary life-a picture that is also a guide for discernment for those who have a difficult time "seeing" contemporary liberalism for what it is. Artfully translated by Ralph Hancock, Equality by Default offers a unique and strikingly insightful account of the late-modern mind.
Pluralism by Default
Author: Lucan Way
Publisher: Johns Hopkins University Press+ORM
Published: 2015-12-31
Total Pages: 424
ISBN-13: 1421418134
DOWNLOAD EBOOK“Pluralism by Default will change the way we understand the emergence of democracies and the consolidation of autocracies.” —Chrystia Freeland, author of Plutocrats Exploring sources of political contestation in the former Soviet Union and beyond, Pluralism by Default proposes that pluralism in “new democracies” is often grounded less in democratic leadership or emerging civil society and more in the failure of authoritarianism. Dynamic competition frequently emerges because autocrats lack the state capacity to steal elections, impose censorship, or repress opposition. In fact, the same institutional failures that facilitate political competition may also thwart the development of stable democracy. “A tour de force brimming with theoretical originality and effective use of in-depth case studies. It will enrich our understanding of post-communist politics and help reshape the way we think about democracy, authoritarianism, and regime change more broadly.” —M. Steven Fish, author of Democracy Derailed in Russia: The Failure of Open Politics
The Economics of Sovereign Debt and Default
Author: Mark Aguiar
Publisher: Princeton University Press
Published: 2021-12-21
Total Pages: 200
ISBN-13: 0691189242
DOWNLOAD EBOOKAn integrated approach to the economics of sovereign default Fiscal crises and sovereign default repeatedly threaten the stability and growth of economies around the world. Mark Aguiar and Manuel Amador provide a unified and tractable theoretical framework that elucidates the key economics behind sovereign debt markets, shedding light on the frictions and inefficiencies that prevent the smooth functioning of these markets, and proposing sensible approaches to sovereign debt management. The Economics of Sovereign Debt and Default looks at the core friction unique to sovereign debt—the lack of strong legal enforcement—and goes on to examine additional frictions such as deadweight costs of default, vulnerability to runs, the incentive to “dilute” existing creditors, and sovereign debt’s distortion of investment and growth. The book uses the tractable framework to isolate how each additional friction affects the equilibrium outcome, and illustrates its counterpart using state-of-the-art computational modeling. The novel approach presented here contrasts the outcome of a constrained efficient allocation—one chosen to maximize the joint surplus of creditors and government—with the competitive equilibrium outcome. This allows for a clear analysis of the extent to which equilibrium prices efficiently guide the government’s debt and default decisions, and of what drives divergences with the efficient outcome. Providing an integrated approach to sovereign debt and default, this incisive and authoritative book is an ideal resource for researchers and graduate students interested in this important topic.
Race and Default in Credit Markets
Author: Michael A. Stegman
Publisher: DIANE Publishing
Published: 1996-07
Total Pages: 135
ISBN-13: 0788131311
DOWNLOAD EBOOKA research & commentary on the critical policy issue of whether or not racial discrimination exists in the home mortgage lending industry. A collection of essays on this topic by experts such as John Yinger, Stephen Ross, & George Galster. Also includes commentaries on mortgage performance & housing market discrimination, default rates & their place in the controversy, & the role of FHA data in the lending discrimination discussion. Graphs, charts.
