Showing 1 - 10 of 1,260
The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current … ruptures in the process of accumulation of capital triggering crisis like the actual. The theory of regulation is used in this …
Persistent link: https://www.econbiz.de/10005025710
The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current … ruptures in the process of accumulation of capital triggering crisis like the actual. The theory of regulation is used in this …
Persistent link: https://www.econbiz.de/10005105673
Currency crises, generally defined as rapid depreciation of a local currency or loss of foreign exchange reserves, are common incidents in modern monetary systems. Due to their repeated occurrence and severity, they have earned wide coverage by both theoretical and empirical literature. However,...
Persistent link: https://www.econbiz.de/10011259158
Iceland experienced a significant financial meltdown and subsequent economic downturn after the 2008/2009 financial crisis struck the country. It had been the worst crisis ever experienced by a small country from the late 20th century onwards. Since 1980s, Iceland's macroeconomic stability had...
Persistent link: https://www.econbiz.de/10008919755
This paper investigates the dynamic implications of Krugman’s (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature as well as the teaching of international financial crisis. By explicitly taking account of wealth accumulation and...
Persistent link: https://www.econbiz.de/10008529247
This dissertation analyzes the importance of institutions for economic performance. The first two chapters assess the importance of institutions empirically, while the last one provides a dynamic model of institutional change. Chapter 1 analyzes the robustness of institutions in growth...
Persistent link: https://www.econbiz.de/10008520752
Abstract Although in the post-World War II period as a whole, developing countries have made substantial economic and industrial progress, during the last decade or so, many of them, particularly in Latin America and Africa, have been in an acute economic crisis . As a consequence, these...
Persistent link: https://www.econbiz.de/10011108608
last 15 years, developing East and South East Asia have emerged as the most dynamic region of the world economy. This paper … that these countries are unlikely to follow any dirigiste lessons from Asia or elsewhere. Unlike the "reluctant" Asians …
Persistent link: https://www.econbiz.de/10011108629
The relationship between the US and Asia will be the single biggest determinant in the evolution of the global economic … regional blocs. Asia holds the key, combining both dissatisfaction with existing global arrangements with the resources to … reconstitute, at least at the regional level, an alternative set of institutions and practices. How Asia responds will partly …
Persistent link: https://www.econbiz.de/10005025699
This research is aimed at assessing the impact of the stock market capitalization and the banking spread in per capita economic growth (as a proxy of economic development) in the major Latin American economies during the period 1994-2012. To do this, a panel data model is estimated with both...
Persistent link: https://www.econbiz.de/10011109424