1. The rapidly changing world economy -- 2. The great recession -- 3. Global finance and payments imbalances -- 4. The role of monetary policy -- 5. The post-crisis world -- 6. China's prospects and challenges -- 7. The US external position -- 8. The redback, the greenback and the troubled euro...

Recommended readings (Machine generated): 1. Daniel Bernoulli (1954), 'Exposition of a New Theory on the Measurement of Risk', trans. by Louise Sommer, Econometrica, 22 (1), January, 23-36 -- 2. Milton Friedman and L.J. Savage (1948), 'The Utility Analysis of Choices Involving Risk', Journal of...

Contents: 1. Introduction and summary -- Part I: the unraveling of the 1930s-era framework -- 2. The Euro market erodes US financial structure -- 3. Commercial paper guarantees and the emergence of a parallel banking system -- 4. ERISA moves savings into securities markets -- Part II:...

Contents: Preface: Teaching benefit-cost analysis -- Part I: The big picture -- 1. Decision rules / William K. Bellinger -- 2. Triangles and all that / Arnold C. Harberger -- 3. Defining the baseline / Charles Griffiths and Chris Dockins -- 4. The concept of standing in benefit-cost analysis /...

Contents: Part I: What were the causes of the Great Recession? -- Preface to part I / Tim Congdon -- 1. What were the causes of the Great Recession?: the mainstream approach vs. the monetary interpretation / Tim Congdon -- 2. The debate over 'quantitative easing' in the UK's Great Recession and...

Contents: Introduction / Gerald Epstein -- Part I. Finance, macroeconomic policy and central banking: from Volcker to Trump -- 1. 'Domestic stagflation and monetary policy: The Federal Reserve and the hidden election' / in Thomas Ferguson and Joel Rogers (eds), the hidden election: Politics and...

Nonprofit organizations are arguably the fastest growing and most dynamic part of modern market economies in democratic countries. This Handbook explores the frontiers of knowledge at the intersection of economics and the management of these entities. The authors review the role, structure and...

This book investigates the relationship between corporate governance, market structure and innovation. The editors observe that a number of radical mutations are occurring in industries that have played a crucial role in sustaining and fostering the pace of technological progress

Escalating energy demand may be the most important issue facing the United States and the world today. There is little disagreement that research and development (R&D) is needed to develop new energy technologies for the future; however, there is less agreement over the specific research agenda...

A Ponzi scheme is one of the simplest, albeit effective, financial frauds to engineer, and new schemes keep coming forward. Despite this, however, people continue to invest in them. How are we to account for the seemingly never-ending lure of such schemes? In providing answers to this central...