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This is the first comprehensive treatment of laboratory experiments designed to evaluate economic propositions under carefully controlled conditions. While it acknowledges that laboratory experiments are no panacea, it argues cogently for their effectiveness in selected situations. Covering...
Persistent link: https://www.econbiz.de/10008630029
Today's top financial-risk professionals have come to rely on ever-more sophisticated mathematics in their attempts to come to grips with financial risk. But this excessive reliance on quantitative precision is misleading--and it puts us all at risk. This is the case that Riccardo Rebonato makes...
Persistent link: https://www.econbiz.de/10005797557
In <i>Appeasing Bankers</i>, Jonathan Kirshner shows that bankers dread war--an aversion rooted in pragmatism, not idealism. "Sound money, not war" is hardly a pacifist rallying cry. The financial world values economic stability above all else, and crises and war threaten that stability. States that...
Persistent link: https://www.econbiz.de/10005797581
Depending on one's point of view, multinational enterprises are either the heroes or the villains of the globalized economy. Governments compete fiercely for foreign direct investment by such companies, but complain when firms go global and move their activities elsewhere. Multinationals are...
Persistent link: https://www.econbiz.de/10005200618
Many prominent critics regard the international financial system as the dark side of globalization, threatening … disadvantaged nations near and far. But in <i>The Next Great Globalization</i>, eminent economist Frederic Mishkin argues the … opposite: that financial globalization today is essential for poor nations to become rich. Mishkin argues that an effectively …
Persistent link: https://www.econbiz.de/10005200620
globalization, mercantilism, and reserve accumulation. …
Persistent link: https://www.econbiz.de/10010604621
Immigration divides our globalizing world like no other issue. We are swamped by illegal immigrants and infiltrated by terrorists, our jobs stolen, our welfare system abused, our way of life destroyed--or so we are told. At a time when National Guard units are deployed alongside vigilante...
Persistent link: https://www.econbiz.de/10005797548
deregulation and globalization, political interference often causes--and almost always exacerbates--banking crises. If, for example …
Persistent link: https://www.econbiz.de/10005797560
around the world. The common assumption is that globalization is merging the varieties of corporate capitalism. Yet, as this … globalization. In <i>The Embedded Corporation</i>, Sanford Jacoby traces this diversity to national differences in economic history …
Persistent link: https://www.econbiz.de/10005797569
globalization, the nature of markets, and the spread of neoliberalism. The pursuit of free trade is a profoundly social process and …
Persistent link: https://www.econbiz.de/10005453779