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Global America: Understanding Global and Economic Trends and How To Ensure Competitiveness

by John Manzella

John Manzella, recognized author, speaker and global business consultant, shares his inside perspective on the complex challenges that face America in the domestic and global arena. Get a glimpse of which events...


Research in the Decision Sciences for the Service Economy: Best Papers from the 2015 Annual Conference

by European Decision Sciences Institute, Carmela DiMauro & Alessandro Ancarani

The papers in this volume present state-of-the-art quantitative and qualitative research, empirical findings, best practices, and conceptual models to support better decision making throughout any service organization....


The Political Economy of the 2014-2020 Common Agricultural Policy: An Imperfect Storm

by Johan F.M. Swinnen

This book is the first to document the reform of the EU's Common Agricultural Policy (CAP) and to analyse the political and economic factors which determined the outcome of the negotiations. The policy (non-)reform...


Transculturalism and Business in the BRIC States: A Handbook

by Claudia Franziska, Dr Brühwiler & Yvette, Dr Sánchez

Transculturalism and Business in the BRIC States, edited by Yvette Sánchez and Claudia Franziska Brühwiler, is the first handbook on the BRIC States that offers a transcultural perspective, which goes beyond...


China's Disruptors: How Alibaba, Xiaomi, Tencent, and Other Companies are Changing the Rules of Business

by Edward Tse

In September 2014, Chinese e-commerce giant Alibaba raised $25 billion in the world’s biggest-ever initial public offering. Since then, millions of investors and managers worldwide have pondered a fundamental...


When Corporations Rule the World

by David C. Korten

Our Choice: Democracy or Corporate Rule

A handful of corporations and financial institutions command an ever-greater concentration of economic and political power in an assault against markets, democracy, and...


International Trade, Competitive Advantage and Developing Economies: Changing Trade Patterns since the Emergence of the WTO

by Caf Dowlah

Available research suggests that less developed countries have significant competitive advantage over developed countries in three major areas of international trade: agriculture, textiles and clothing (T&C),...


Gender, Development and Globalization: Economics as if All People Mattered

by Lourdes Beneria, Günseli Berik & Maria Floro

Gender, Development, and Globalization is the leading primer on global feminist economics and development. Lourdes Benería, a pioneer in the field of feminist economics, is joined in this second edition by...


Philippines:Fiscal Transparency Evaluation

by International Monetary Fund. Fisc Dept.

EXECUTIVE SUMMARY Improving fiscal transparency has been a priority in the Philippines over recent years. The government’s public financial management reform strategy has helped initiate a wide variety of...


Systemic Risk:A New Trade-off for Monetary Policy?

by Stefan Laseen & Andrea Pescatori

We introduce time-varying systemic risk in an otherwise standard New-Keynesian model to study whether a simple leaning-against-the-wind policy can reduce systemic risk and improve welfare. We find that an unexpected...


The Macroeconomic Relevance of Credit Flows:An Exploration of U.S. Data

by Alexander Herman & Deniz Igan

This paper exploits the Financial Accounts of the United States to derive long time series of bank and nonbank credit to different sectors, and to examine the cyclical behavior of these series in relation to...


David Ricardo's Theory Comparative Advantage

by Jean Blaise Mimbang, 50 minutes & Dominique Chariot

A practical and accessible guide to understanding the Theory of Comparative Advantage

The motto of the Theory of Comparative Advantage formulated by David Ricardo is: specialize to rule.  In fact, as we all...


Oman:Report on the Observance of Standards and Codes (ROSC)-Data Module

by International Monetary Fund. Stat Dept.

OVERALL ASSESSMENT 1. Oman began to participate in the General Data Dissemination System (GDDS) in 2002 and started posting its metadata on the Dissemination Standards Bulletin Board (DSBB) in June of the same...


Does Easing Monetary Policy Increase Financial Instability?

by Ambrogio Cesa-Bianchi & Alessandro Rebucci

This paper develops a model featuring both a macroeconomic and a financial friction that speaks to the interaction between monetary and macro-prudential policies. There are two main results. First, real interest...


Global Financial Spillovers to Emerging Market Sovereign Bond Markets

by Christian Ebeke & Annette Kyobe

Foreign holdings of emerging markets (EMs) government bonds have increased substantially over the last decade. While foreign participation in local-currency sovereign bond markets provides an additional source...


Republic of Serbia:First Review Under the Stand-By Arrangement-Press Release and Staff Report

by International Monetary Fund. Euro Dept.

KEY ISSUES Recent economic developments. The economy is slowly emerging from the 2014 recession, benefiting from low oil prices and the euro area recovery, which have helped to contain the short-term effects...


Iceland:Sixth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland

by International Monetary Fund. Euro Dept.

KEY ISSUES Iceland’s otherwise strong and stable economic position looks likely to be disrupted by significant wage hikes. Collective wage bargaining looks headed for economy-wide cumulative 3½-year nominal...


Assessing Default Risks for Chinese Firms:A Lost Cause?

by Daniel Law & Shaun K. Roache

Assessing default risks for Chinese firms is hard. Standard measures of risk using market indicators may be unreliable because of implicit guarantees, the large role played by less-informed investors, and other...


What Really Drives Public Debt:A Holistic Approach

by Pablo Anaya & Alex Pienkowski

This paper presents a novel approach to detail the propagation of shocks to public debt. The modeling technique involves a structural vector auto-regression (SVAR) estimator with an endogenous debt accumulation...


The Journey to Inflation Targeting:Easier Said than Done The Case for Transitional Arrangements along the Road

by Bernard Laurens & Kelly Eckhold

Countries with evolving monetary regimes that decide to embark on “the Journey to inflation targeting” may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would...