Investigations in Currency Finance (Classic Reprint)

Investigations in Currency Finance (Classic Reprint)

Author: William Stanley Jevons

Publisher:

Published: 2015-07-06

Total Pages: 422

ISBN-13: 9781330805305

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Excerpt from Investigations in Currency Finance Towards the end of 1881 my husband collected the following papers, with the intention of publishing the volume in the spring of 1882; but the state of his health, combined with the pressure of other work, obliged him to proceed more slowly than he had hoped to do, and he therefore postponed the publication until the autumn. When he laid the book aside, hoping to resume work upon it in the autumn, he had seen all but the last two papers through the press; but the manuscript of the concluding one was still unfinished, and the Introduction, which was to have been a long and full one, bringing up the results of the papers to the present time, was hardly commenced. With regard to the Bibliography, though the greater number of the entries had been written out, there was still a good deal of arranging and of verifying references to be done; and only about one-third of the Index was made. Several of the diagrams had been originally published with the papers, and most of the others had merely to be reduced from the large diagrams prepared at the time the papers were read. The diagrams relating to the Bank Accounts, however, having been prepared in 1862, at the time the first paper was read at the British Association, did not contain the results of the Tables relating to the later years; they have therefore been entirely re-cast by Mr. Mabson, of "The Statist." I may add that Mr. Jevons had begun to prepare a diagram on the price of wheat at Delhi from 1763 to 1836, but only outlines, insufficient to indicate the plan of it, were left, and therefore it could not be carried out and inserted. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


Developmental Mindset

Developmental Mindset

Author: Elizabeth Thurbon

Publisher: Cornell University Press

Published: 2016-06-09

Total Pages: 236

ISBN-13: 1501704168

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The Asian financial crisis of 1997–1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financial liberalization was meant to spell the end of strategic industry policy and the state-directed "policy lending" it involved. Yet, largely unremarked by analysts, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries.Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change.


Macroeconomics and the History of Economic Thought

Macroeconomics and the History of Economic Thought

Author: H.M. Krämer

Publisher: Routledge

Published: 2012-03-29

Total Pages: 489

ISBN-13: 1136329137

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The essays in this Festschrift have been chosen to honour Harald Hagemann and his scientific work. They reflect his main contributions to economic research and his major fields of interest. The essays in the first part deal with various aspects within the history of economic thought. The second part is about the current state of macroeconomics. The essays in the third part of the book cover topics on economic growth and structural dynamics.


American Power after the Financial Crisis

American Power after the Financial Crisis

Author: Jonathan Kirshner

Publisher: Cornell University Press

Published: 2014-09-08

Total Pages: 201

ISBN-13: 0801454786

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The global financial crisis of 2007–2008 was both an economic catastrophe and a watershed event in world politics. In American Power after the Financial Crisis, Jonathan Kirshner explains how the crisis altered the international balance of power, affecting the patterns and pulse of world politics. The crisis, Kirshner argues, brought about an end to what he identifies as the "second postwar American order" because it undermined the legitimacy of the economic ideas that underpinned that order—especially those that encouraged and even insisted upon uninhibited financial deregulation. The crisis also accelerated two existing trends: the relative erosion of the power and political influence of the United States and the increased political influence of other states, most notably, but not exclusively, China.Looking ahead, Kirshner anticipates a "New Heterogeneity" in thinking about how best to manage domestic and international money and finance. These divergences—such as varying assessments of and reactions to newly visible vulnerabilities in the American economy and changing attitudes about the long-term appeal of the dollar—will offer a bold challenge to the United States and its essentially unchanged disposition toward financial policy and regulation. This New Heterogeneity will contribute to greater discord among nations about how best to manage the global economy. A provocative look at how the 2007–2008 economic collapse diminished U.S. dominance in world politics, American Power after the Financial Crisis suggests that the most significant and lasting impact of the crisis and the Great Recession will be the inability of the United States to enforce its political and economic priorities on an increasingly recalcitrant world.


The Future of Money

The Future of Money

Author: Eswar S. Prasad

Publisher: Harvard University Press

Published: 2021-09-28

Total Pages: 497

ISBN-13: 0674258444

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A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.


Capital and Employment

Capital and Employment

Author: Murray Milgate

Publisher: Academic Press

Published: 2014-05-10

Total Pages: 232

ISBN-13: 1483267458

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Studies in Political Economy: Capital and Employment: A Study of Keynes's Economics focuses on the inquiry into Keynesian economics, particularly the relationship of capital and employment. The publication first underscores the contemporary position of 'Keynesian' economics, traditional long-period method of economic analysis, and theoretical systems and the long-period method. Discussions focus on the structure of classical economic theory, structure of marginalist economic theory, and the traditional long-period method of economic analysis. The text then ponders on the analysis of deviations from long-period positions, principle of effective demand, and the theory of capital and theory of employment. Topics include Keynes on the 'classical' theory of interest, capital and employment, inflexibility of money-wages, long-period theory of output and employment, and principle of effective demand. The book takes a look at the theoretical system of the treatise versus the general theory and the method of analysis in the treatise and the general theory, including the conceptual framework of the treatise on money and general theory and the natural rate of interest and level of employment. The publication is a valuable reference for economists and researchers interested in the relationship of capital and employment.


Money and the Nation State

Money and the Nation State

Author: Kevin Dowd

Publisher: Transaction Publishers

Published:

Total Pages: 474

ISBN-13: 9781412828956

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Finally, the authors outline the reforms necessary to create monetary, financial and banking systems free of the episodic inflation, devaluation, debt crises, and exchange rate volatility that have plagued the twentieth century.


A Retrospective on the Classical Gold Standard, 1821-1931

A Retrospective on the Classical Gold Standard, 1821-1931

Author: Michael D. Bordo

Publisher: University of Chicago Press

Published: 2009-02-15

Total Pages: 694

ISBN-13: 0226066924

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This is a timely review of the gold standard covering the 110 years of its operation until 1931, when Britain abandoned it in the midst of the Depression. Current dissatisfaction with floating rates of exchange has spurred interest in a return to a commodity standard. The studies in this volume were designed to gain a better understanding of the historical gold standard, but they also throw light on the question of whether restoring it today could help cure inflation, high interest rates, and low productivity growth. The volume includes a review of the literature on the classical gold standard; studies the experience with gold in England, Germany, Italy, Sweden, and Canada; and perspectives on international linkages and the stability of price-level trends under the gold standard. The articles and commentaries reflect strong, conflicting views among hte participants on issues of central bank behavior, purchasing-power an interest-rate parity, independent monetary policies, economic growth, the "Atlantic economy," and trends in commodity prices and long-term interest rates. This is a thoughtful and provocative book.