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The Great Race: The Global Quest for the Car of the Future

by Levi Tillemann

The Great Race recounts the story of a century-long battle between automakers for market share, profit, and technological dominance—and a race to build the car of the future.

The world’s great manufacturing...


The Rise and Fall of Global Austerity

by E Ray Canterbery

Since its onset in late 2007, few expected the Great Recession to be protracted for over half a decade across the world. The Rise and Fall of Global Austerity explains the origins and history of austerity, severe...


Currency Politics: The Political Economy of Exchange Rate Policy

by Jeffry A. Frieden

The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to...


Introduction to Islamic Economics: Theory and Application

by Hossein Askari, Zamir Iqbal & Abbas Mirakhor

Gain deeper insight into the principles and theory of Islamic economics

Introduction to Islamic Economics: Theory and Application provides an overview of the organizing principles and fundamentals of an Islamic...


The Path of World Trade Law in the 21st Century

by Steve Charnovitz

The advent of the World Trade Organization (WTO) in 1995 transformed international economic law for states, enterprises, and nongovernmental organizations. This book analyzes how the WTO is changing the path...


The Power to Compete: An Economist and an Entrepreneur on Revitalizing Japan in the Global Economy

by Hiroshi Mikitani & Ryoichi Mikitani

Father and son – entrepreneur and economist – search for Japan's economic cure

The Power to Compete tackles the issues central to the prosperity of Japan – and the world – in search of a cure for the...


Kingdom of the Netherlands-Netherlands  :  2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the N

by International Monetary Fund. Euro Dept.

KEY ISSUES Addressing the Household Debt Overhang The economy is slowly emerging from its balance sheet recession. Housing prices have steadied, exports are rising on expanding global trade, but consumption...


Papua New Guinea  :  Selected Issues Paper

by International Monetary Fund. Asia Dept

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after...


Jordan  :  Fifth Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criterion and Applicability of Performance

by International Monetary Fund. Midd Dept.

EXECUTIVE SUMMARY Jordan?s economy has been resilient in an increasingly difficult regional environment. Previously highlighted risks have materialized, most notably major disruptions of gas flows from Egypt,...


Papua New Guinea  :  2014 Article IV Consultation-Staff Report; Press Release

by International Monetary Fund. Asia Dept

KEY ISSUES Context. Papua New Guinea?s (PNG) economy is experiencing an important transition, as new liquefied natural gas (LNG) production and exports commence. While resource sector activity in 2014?15 will...


Mexico  :  Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Staff Report and Press Release

by International Monetary Fund. West Dept.

EXECUTIVE SUMMARY Context: Mexico?s growth is recovering, supported by strong export demand, while inflation pressures remain contained. The implementation of wide-ranging structural reforms is expected to boost...


The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy

by Michael Pettis

China’s economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael...


Borrower Protection and the Supply of Credit  :  Evidence from Foreclosure Laws

by Jihad Dagher & Yangfan Sun

Laws governing the foreclosure process can have direct consequences on the costs of foreclosure and could therefore affect lending decisions. We exploit the heterogeneity in the judicial requirements across...


Impact of Demographic Changes on Inflation and the Macroeconomy

by Jong-Won Yoon & Jinill Kim

The ongoing demographic changes will bring about a substantial shift in the size and the age composition of the population, which will have significant impact on the global economy. Despite potentially grave...


The Economic Consequences of the Peace (Rediscovered Books): With linked Table of Contents

by John Maynard Keynes

The Economic Consequences of the Peace was written and published by John Maynard Keynes. After World War I, Keynes attended the Versailles Conference as a delegate of the British Treasury and argued for a much...


Zimbabwe  :  Third Review Under the Staff-Monitored Program and Successor

by International Monetary Fund. Afri Dept.

EXECUTIVE SUMMARY Outlook. Zimbabwe?s economy is at a crossroads. The post-hyperinflation rebound has ended and the outlook is for sluggish growth in 2015. Sustained growth and poverty reduction will require...


Vertical Fiscal Imbalances and the Accumulation of Government Debt

by Inaki Aldasoro & Mike Seiferling

Delegating fiscal decision making power to sub-national governments has been an area of interest for both academics and policymakers given the expectation that it may lead to better and more efficient provision...


Identifying Speculative Bubbles  :  A Two-Pillar Surveillance Framework

by Bradley Jones

In the aftermath of the global financial crisis, the issue of how best to identify speculative asset bubbles (in real-time) remains in flux. This owes to the difficulty of disentangling irrational investor exuberance...


Does conditionality in IMF-supported programs promote revenue reform?

by Ernesto Crivelli & Sanjeev Gupta

This paper studies whether revenue conditionality in Fund-supported programs had any impact on the revenue performance of 126 low- and middle-income countries during 1993-2013. The results indicate that such...


China\'s Exchange Rate Regime

by China Development Research Foundation

The imbalance between China's currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. There was a reform of China's exchange rate mechanism in 2005, following...