New residential construction is significantly more procyclical in emerging markets than in developed countries, although the correlation between aggregate investment and output is similar across emerging and developed countries. This paper shows that a multi-sector stochastic growth model with a...

Purpose – This study examines the complex financial and reporting regulation that will oversee and monitor the veracity of newly commoditised carbon financial products traded in the proposed cap and trade Australian Carbon Pollution Reduction Scheme (CPRS), the government’s centrepiece of a...

This Article, a sequel to earlier articles by the author on financial regulation and global finance, retrieves and updates J. M. Keynes’s original International Clearing Union plan for what ultimately became the International Monetary Fund (“IMF,” “Fund”).  Its motives are not...

The concept of compliance has developed over recent years. Gone are the days when satisfactory compliance in a bank consisted of making sure that a set of rules provided by a regulator had been met and each could be 'ticked off' and that appropriate returns had been sent in. Now the accepted...

The purpose of this study is to investigate and discuss current literature on crisis management within organisational settings. The key characteristic of a crisis is that you cannot control it that’s why they call it crisis “management”. In order to be able to manage crises effectively and...

The purpose of this study is to investigate and discuss current literature on crisis management within organisational settings. The key characteristic of a crisis is that you cannot control it that’s why they call it crisis “management”. In order to be able to manage crises effectively and...

Includes descriptive metadata provided by producer in QuickTime movie file: "Politics, Economics and Social Issues - Video - Paul Volcker talks about the economic crisis." By Vanderbilt University. Paul A. Volcker, senior economic advisor to President Obama and former chairman of the Federal...

Este documento ocasional resume los avances recientes en el análisis teórico de las causas de la inestabilidad fi nanciera, de sus consecuencias macroeconómicas, y sus implicaciones acerca del posible papel de la política macroprudencial. En primer lugar, se analiza cómo se propagan las...

This paper focuses on market discipline as a necessary condition to preserve the signaling content of balance sheet indicators and market prices as macroprudential tools. It argues that market discipline enhances the information content of market prices by reflecting the expected private cost of...