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developed countries. These successful countries in almost all cases came from Asia and did not follow the free market doctrine … in the tradition of the Washington Consensus. There must be theoretical explanations as to why underdevelopment is …
Persistent link: https://www.econbiz.de/10011847073
in developed countries. These successful countries in almost all cases were in Asia and did not follow the free-market … doctrine in the tradition of the Washington Consensus. There must be theoretical explanations as to why underdevelopment is … distorted financial systems, high inequality, and restrictions on macroeconomic demand management are briefly discussed. As most …
Persistent link: https://www.econbiz.de/10014363328
Die Piraterie am Horn von Afrika hat in den letzten Jahren deutlich zugenommen: 217 Schiffe berichteten 2009, von somalischen Piraten angegriffen worden zu sein. Obwohl damit weniger als ein Prozent aller Schiffe, die den Golf von Aden 2009 durchquerten, angegriffen wurde, sorgt somalische...
Persistent link: https://www.econbiz.de/10011602201
ex ante low-income economies. An explanation for this persistence of underdevelopment is proposed through an empirical …
Persistent link: https://www.econbiz.de/10010279017
The contribution of financial and non-financial risks to the overall level of risk in the system depends on the current state of the EU banking system (which, in the aggregate and compared with banking sectors in other major advanced economies, cannot be characterised as strong) and how...
Persistent link: https://www.econbiz.de/10014327923
Climate and environmental issues will likely impact the financial system's stability as they become more pervasive and tangible. As a result, the appropriate financial regulatory and supervisory measures must be in place. This article discusses the challenges faced by financial institutions and...
Persistent link: https://www.econbiz.de/10014334690
While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on...
Persistent link: https://www.econbiz.de/10014334701
Since the beginning of the 1990s, it has been widely expected that the implementation of the European Single Market … system still appears to be capital market-dominated. During the period covered by the research, i.e. 1980 – 1998, the French … dominant model internationally. And if this second path emerges, the Anglo-American, capital market-dominated system could turn …
Persistent link: https://www.econbiz.de/10010316232
At present, the question of how national pension or retirement payment systems should be organised is being hotly debated in various countries, and opinions vary widely as to what should be regarded as the optimal design for such systems. It appears to the authors of the present paper that in...
Persistent link: https://www.econbiz.de/10010316293
We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on … dimensions of inequality, and developing new methodologies to capture the many facets of globalization's relationship to … inequality. After summarizing both design-based and quantitative work in this area, we propose directions for future work. Our …
Persistent link: https://www.econbiz.de/10014564020