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Paradox Of Risk - Leaving The Monetary Policy Comfort Zone

by Angel Ubide

26,49€ + 10% CARD

 For decades, economic policymakers have worshipped at the altar of combating inflation, reducing public deficits, and discouraging risky behavior by investors. That mindset made them hesitate when the global financial crisis erupted in 2007-08. In the face of the worst economic disaster in 75 years, they often worried excessively about the risks and possible losses from their actions, rather than moving forcefully to support financial institutions, governments and people. Ángel Ubide’s provocative thesis in The Paradox of Risk is that central banks’ fear of inflation and risk taking has hampered their efforts to revive global prosperity. In their confusion, he argues, policymakers made the recovery weaker. He calls on world leaders to abandon old shibboleths and learn the lessons from the financial crisis and its sluggish aftermath. Ubide mobilizes a wealth of research on the experience from the last decade, urging policymakers to leave their "comfort zone," embrace risk taking, and take bolder action to brighten the world’s economic prospects.
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Right Balance For Banks - Theory And Evidence On Optimal Capital Requirements

by William R. Cline

26,49€ + 10% CARD

 The global financial crisis produced an important agreement among regulators in 2010-11 to raise capital requirements for banks to protect them from insolvency in the event of another emergency. In this book, William R. Cline, a leading expert on the global financial system, employs sophisticated economic models to analyze whether these reforms, embodied in the Third Basel Accord, have gone far enough. He calculates how much higher bank capital reduces the risk of banking crises, providing a benefit to the economy. On the cost side, he estimates how much higher capital requirements raise the lending rate facing firms, reducing investment in plant and equipment and thus reducing output in the economy. Applying a plausible range of parameters, Cline arrives at estimates for the optimal level of equity capital relative to total bank assets. This study also challenges the recent "too much finance" literature, which holds that in advanced countries banking sectors are already too large and are curbing growth.
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Banking'S Final Exam - Stress Testing And Bank-Capital Reform

by Morris Goldstein

26,49€ + 10% CARD

 Spurred by the success of the first stress test of US banks toward the end of the global economic crisis in 2009, stress testing of large financial institutions has become the cornerstone of banking supervision worldwide. The aim of the tests is to determine which banks are adequately capitalized under severe economic shocks and to order corrective measures for those that are vulnerable. In Banking’s Final Exam, one of the world’s leading experts on banking regulation concludes that the tests administered on both sides of the Atlantic suffer from fundamental weaknesses, leading to a false sense of reassurance about the safety and soundness of the banking system. Some weaknesses can be corrected within the existing bank-capital regime, but others will require bold reforms—including higher minimum capital requirements for the largest and most systemically-important banks. The banking industry is likely to resist these reforms, but this book explains why their objections do not hold water.
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Trans-Pacific Partnership - An Assessment

26,49€ + 10% CARD

 The Trans-Pacific Partnership (TPP) between 12 Pacific Rim countries has generated the most intensive political debate about the role of trade in the United States in a generation. The TPP is one of the broadest and most progressive free trade agreements since the North American Free Trade Agreement (NAFTA). The essays in this Policy Analysis provide estimates of the TPP''s benefits and costs and analyze more than 20 issues in the agreement, including environmental and labor standards, tariff schedules, investment and competition policy, intellectual property, ecommerce, services and financial services, government procurement, dispute settlement, and agriculture. Through extensive analysis of the TPP text, PIIE scholars present an indispensable and detailed "reader''s guide" that also sheds light on the agreement''s merits and shortcomings.
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Outward Foreign Direct Investment And Us Exports, Jobs, And R&D - Implications For Us Policy

by Gary Clyde Hufbauer, Lindsay Oldenski e Theodore H. Moran

26,49€ + 10% CARD

 It is not in the US interest to adopt tax and regulatory policies that would discourage global engagement by US multinational corporations (MNCs). Research presented in this book shows that the expansion of foreign affiliates of US MNCs is positively associated with more production, greater employment, higher exports, and more research and development (R&D) in the United States. These findings suggest that less investment abroad by US firms would weaken—not strengthen—the US economy. This analysis by no means implies that there are only winners and no losers from outward investment. Changing patterns of MNC investment, like changing patterns of technology and production more generally, contribute to job losses and dislocations for some workers and to new opportunities for others. To benefit the US economy and US workers most broadly, the United States will want to search for ways to strengthen the appeal of the United States as a base for the operations of international firms. High among the recommendations to accomplish this, the United States should adopt a territorial tax system, like the great majority of developed countries.
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Foreign Direct Investment In The United States - Benefits, Suspicions, And Risks With Special Attention To Fdi From China

by Lindsay Oldenski e Theodore H. Moran

13,24€ + 10% CARD

 Americans have long been ambivalent toward foreign direct investment in the United States. Foreign multinational corporations may be a source of capital, technology, and jobs. But what are the implications for US workers, firms, communities, and consumers as the United States remains the most popular destination for foreign multinational investment? Theodore H. Moran and Lindsay Oldenski find that foreign multinational firms that invest in the United States are, alongside US-headquartered American multinationals, the most productive and highest-paying segment of the US economy. These firms conduct more research and development, provide more value added to US domestic inputs, and export more goods and services than other firms in the US economy. The superior technology and management techniques they employ spill over horizontally and vertically to improve the performance of local firms and workers. As the United States wants not only to expand employment but also create well-paying jobs that reverse the falling earnings that many US workers and middle class families have suffered in recent decades, it is more important than ever to enhance the United States as a destination for multinational investors.
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World On The Move - Consumption Patterns In A More Equal Global Economy

by Paolo Mauro e Tomas Hellebrandt

26,49€ + 10% CARD

 The world is poised on the threshold of economic changes that will reduce the income gap between the rich and poor on a global scale while reshaping patterns of consumption. Rapid economic growth in emerging-market economies is projected to enable consumers worldwide to spend proportionately less on food and more on transportation, goods, and services, which will in turn strain the global infrastructure and accelerate climate change. The largest gains will be made in poorer parts of the world, chiefly sub-Saharan Africa and India, followed by China and the advanced economies. In this new study, Tomas Hellebrandt and Paolo Mauro detail how this important moment in world history will unfold and serve as a warning to policymakers to prepare for the profound effects on the world economy and the planet.
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Local Content Requirements - A Global Problem

by Cathleen Cimino-Isaacs, Erika Wada, Gary Clyde Hufbauer, Jeffrey J. Schott e Martin Vieiro

13,24€ + 10% CARD

 In the wake of the Great Recession of 2008-09, economists feared that protectionist policies might sweep the world economy, echoing the wave of tariff escalations during the Great Depression of the 1930s. To some surprise, officials were more restrained and largely avoided traditional forms of protection (tariffs and quotas). As a result, economists underestimated the incidence of new protectionism because policymakers increasingly turned to more opaque behind-the-border nontariff barriers (NTBs). Using a combination of statistical analysis and case studies, the authors show that local content requirements (LCRs), a form of NTB, have become increasingly popular. How much was global trade actually reduced on account of LCRs? A conservative estimate might be $93 billion. Case studies featured cover the healthcare sector in Brazil, wind turbines in Canada, the automobile industry in China, solar cells and modules in India, oil and gas in Nigeria, and "Buy American" restrictions on government procurement.
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Economic Normalization With Cuba - A Roadmap For Us Policymakers

by Barbara Kotschwar e Gary Clyde Hufbauer

13,24€ + 10% CARD

 Will the Obama administration''s decision to normalize relations with Cuba usher in a new era of economic cooperation, trade, and investment between the two countries? This prescient book, published only eight months before President Obama''s historic announcement at the end of 2014, provides answers to that question and offers a roadmap for a sequenced lifting of the Cold War era economic sanctions against Cuba. Gary Clyde Hufbauer and Barbara Kotschwar lay out the difficulties of achieving a dynamic economic relationship. They caution that a unilateral dismantling of US sanctions without insuring that proper institutions are in place in Cuba could squander this golden opportunity for US companies and hurt Cubans. They argue that US policies should encourage Cuba to liberalize its economy and adopt democratic institutions, so that it does not transition from a Communist dictatorship to a corrupt and authoritarian oligarchy. This farsighted book, produced in anticipation of an opening with Cuba that seemed impossible to some skeptics, is a must-read for anyone interested in the evolution of a historically contentious relationship that promises to evolve productively if the right policies are pursued.
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The Shape Of A Swissâ€“Us Free Trade Agreement

by Gary Clyde Hufbauer e Richard Baldwin

24,32€ + 10% CARD

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 Concludes that a free trade agreement (FTA) between Switzerland and the United States would be highly worthwhile to both countries. As leading advocates of market capitalism, Switzerland and the United States are well situated to conclude an FTA that breaks new ground in dismantling barriers.
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The South Atlantic League, 1904-1963 - A Year-By-Year Statistical History

by Marshall D. Wright

63,53€ + 10% CARD

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 Presents season-by-season information for the original South Atlantic Baseball League, which operated for 60 years in the Carolinas, Georgia and Florida. This book includes chapters that open with a season summary and are followed by league standings, team records and rosters, and statistics for each player.
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American Trade Politics (And Supplement)

by I. M. Destler

OUT OF STOCK OR NOT AVAILABLE
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Good Fishing In The Catskills - A Complete Angler'S Guide

by Jim (Croton-On-Hudson, Ny) Capossela

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A Strategy For Imf Reform

by Edwin M. Truman e Edwin Truman

13,24€ + 10% CARD

 The International Monetary Fund (IMF) is in eclipse as the preeminent institution promoting international economic and financial stability. Successful reform of the IMF must engage the full spectrum of its members. The IMF should not focus primarily on its low-income members and the challenges of global poverty nor should it focus exclusively on international financial crises affecting a small group of vulnerable emerging-market economies. Instead, it must be engaged with each of its members potentially on the full range of their economic and financial policies and play a central role in shaping global economic performance. This important new book strongly argues that systemically important countries, starting with the Group of Seven, must support the IMF in this role. Its recommendations cover all key aspects of IMF responsibilities and operations: (1) In the crucial area of governance, the membership of the IMF should promptly address the reallocation of IMF shares (voting power) and the reallocation of chairs (representation on the IMF executive board), and it is time to discard the old conventions and to adopt a merit-based approach to the choice of the IMF's leadership; (2) mechanisms should be put in place to increase the IMF's leverage over systemically important members, and the IMF must act more forcefully in discharging its responsibility to exercise firm surveillance over members' exchange rate policies; (3) the Fund's central role in external financial crises should be reaffirmed; (4) the IMF should narrow and refocus its involvement with its low-income members; (5) the IMF's activities should be updated with respect to members' capital account policies and financial sectors; and (6) the IMF should put in place procedures for borrowing from the market to guard against the possibility that it will not receive timely increases in its quota resources.
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The Mother Goddess In Italian Renaissance Art

by Edith Balas

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Death, And The Day'S Light - Poems

by James Dickey

32,13€

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To Make A Difference - A Biography Of James T. Mcafee, Jr.

by Scott Walker

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 Over the span of the last three centuries, the ancestors of James T. McAfee, Jr., relentlessly sought for a life that could make a difference. Drawing on family memoirs and a cache of personal interviews, Scott Walker recounts the career of Jim McAfee, and the impact of his life on Belmont University, Mercer University, and Union University.
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The Best Of Bob Steed - The Not-So-Serious But Seriously Accomplished Life Of Robert L. Steed

by Robert L. Steed

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The Sacrament Of Love - Nuptial Mystery In The Light Of The Orthodox Tradition

by Paul Evdokimov

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Choucas

by Zofia Nalkowska

33,46€

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 Named for a species of blackbird native to the novel's setting in the Swiss alps, this tale profiles a motley collection of patients inhabiting a sanatorium. Somewhat allegorical in nature, each character hails from a different country and each espouses a distinct political viewpoint.
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Christ And The Church - The Relationship Between Christ And The Church According To Orthodox Teaching

by Archbishop Gregory Afonsky

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 This essay expounds upon 30 years of research and teaching in the field of ecclesiology to prove the divine origin of the Church and its importance in the life of a believer.
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The Book Of Jonah

by Niko Chocheli

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 This prophetic tale of Jonah remains a sign of God's saving work in His Son Jesus. It serves to open hearts and minds to the Gospel of Christ, which it prefigures and signifies.
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The Praises - Psalm 148

by Niko Chocheli

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 This is a dramatically illustrated version of Psalm 148 for children. The angels and animals and natural elements, every living thing, and all people are commanded to sing, dance and make melody to the creator of all.
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The New Testament: An Introduction

by Paul Tarazi

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