Navigating the Fiscal Challenges Ahead
0円 With increasing fiscal challenges in the aftermath of the global financial crisis, multilateral surveillance of fiscal developments, a key part of the IMF's surveillance responsibilities, has gained further importance. In response, the Fiscal Monitor was launched in 2009 to survey and analyze the...
A Century of Sovereign Ratings
10,938円 The financial difficulties experienced by Greece since 2009 serve as a reminder that countries (i.e., sovereigns) may default on their debt. Many observers considered the financial turmoil was behind us because major advanced countries had adopted stimulus packages to prevent banks from going ban...
Money, Markets, and Government
562円 The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This ebook, an edited volume of papers presented at the Cato Institute’s 30th Annual Monetary Conference, examines those changes and ...
Managing Abundance to Avoid a Bust in Lat...
663円 The motivation is to help Latin American policymakers deal with two problems of abundance that are now at play: i) those related to easy external financial conditions; and ii) those coming from high commodity export prices. While these phenomena are distinct, note that the latter tends to reinfor...
Where Does Money Come From?
993円 Where Does Money Come From? reveals how, contrary to public perception, the bulk of today's money supply is created and allocated by commercial banks in their role as providers of credit. The authors argue that this system is inherently unstable, with little effective regulation of how much credi...
Unintended Consequences
933円 In the aftermath of the Financial Crisis, many commonly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down payments, teaser rates, and other predatory tactics to seduce unsuspecting home owners into assuming mortgage...
The Future of Money
2,750円 The state of the global economy affects every single one of us. With economic growth threatened by financial regulation and the East and West at competitive odds, the real solutions to global recession can only come through international co-operation. Featuring world leaders, Nobel Prize-winning ...
Copulae in Mathematical and Quantitative ...
12,154円 Copulas are mathematical objects that fully capture the dependence structure among random variables and hence offer great flexibility in building multivariate stochastic models. Since their introduction in the early 1950s, copulas have gained considerable popularity in several fields of applied m...
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