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The world has entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. The process for coping with the crisis by countries across the globe has been manifest in four basic phases. The first has been intervention to...
Persistent link: https://www.econbiz.de/10009482932
Introduction to the theory of international trade and finance with applications to current policy issues. From the course home page: Course Description The course will help us understand what determines the flow of goods across countries, i.e. international trade, and what determines the flow of...
Persistent link: https://www.econbiz.de/10009432089
chronic, uncontrolled, and apparently uncontrollable tendencies toward excess credit-money in the American financial economy ….  That oversupply in turn stems in significant part from an excess of global credit-money.  And the latter is rooted in …
Persistent link: https://www.econbiz.de/10009467535
monetary policy.Chapter 1 studies the choice of endogenous means of payment when holding money is risky. In steady state … interest rate. Credit may be used when the return on money is not positive. A positive money injection reduces the crime rate … households exchange money for interest-bearing government nominal bonds in the asset market. The government injects money through …
Persistent link: https://www.econbiz.de/10009466028
non trivial investment decisions Allowing for two goods Introducing money Introducing price setting Introducing staggering …
Persistent link: https://www.econbiz.de/10009433258
for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing …
Persistent link: https://www.econbiz.de/10009433264
The potential for economic agents to minimize risk through diversification is central to the study of finance. This dissertation analyzes the ability to diversify risks in an international context by studying risk sharing opportunities on two dimensions, consumption growth and portfolio wealth....
Persistent link: https://www.econbiz.de/10009439199
Traditional time series or cross-sectional regression procedures yield mixed evidence on maintained hypotheses about the determinants of international equity returns. This paper re-examines how three theory-suggested factors affect equity returns and how the test results may differ between...
Persistent link: https://www.econbiz.de/10009441760
The new Basel Capital Adequacy Accord (Basel III) is an agreement among countries' central banks and bank supervisory authorities on the amount of capital banks must hold as a cushion against losses and insolvency. Basel III is of concern to Congress mainly because it could put U.S. financial...
Persistent link: https://www.econbiz.de/10009474996
When the U.S. runs a trade deficit with the Chinese, this requires a capital inflow from China to the United States. This, in turn, lowers U.S. interest rates and increases U.S. investment spending. On the negative side, lower priced goods from China may hurt U.S. industries that compete with...
Persistent link: https://www.econbiz.de/10009475106