In this book, Jörg Bibow illustrates how Keynes' methodology inspired his economic theorizing and how this led to fundamental insights concerning the role of money that contrasted with orthodox closed-system modelling

Recent cases of corporate failures, including the fixing of LIBOR rates and money laundering issues in the banking industry, highlight how behavioural issues on the part of company directors are significant contributory factors in corporate governance and the success or failure of companies....

Cover -- Title -- Copyright -- Contents -- Lists of figures -- List of tables -- List of boxes -- List of contributors -- Foreword -- Foreword -- Preface -- Acknowledgements -- 1 Introduction: stranded assets and the environment -- 2 Stranded assets: then and now -- 3 The 'decarbonisation...

Well-known empirical puzzles in international macroeconomics concern the large divergence of equilibrium outcomes for consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk-sharing puzzles are related to another empirical...

Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing. We then take it to data and find international risk...

Can we know the risks we face, now or in the future? No, we can¬ but yes, we must act as if we do. Some dangers are unknown; others are known, but not by us because no one person can know everything. Most people cannot be aware of most dangers at most times. Hence, no one can calculate...

The U.S. government is the world's largest financial institution, providing credit and assuming risk through diverse activities. But the potential cost and risk of these actions and obligations remain poorly understood and only partially measured. Government budgetary and financial accounting...

Through a new set of detailed case studies William Leiss shows that while industry and governments have made much progress in responsibly managing risks to health and environment, they generally remain quite poor at managing their involvements with risk issues, that is, with the often intense...

This paper provides an updated overview of tax incentives for business investment. It begins by noting that tax competition is likely to be a major force driving countries' tax reforms, and discusses tax incentives as a possible response to this. This is complemented by other arguments for and...