A "vertical" Analysis of Crises and Intervention

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ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis A "vertical" Analysis of Crises and Intervention by : Ricardo J. Caballero

Download or read book A "vertical" Analysis of Crises and Intervention written by Ricardo J. Caballero and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging economies are prone to crises triggered by external shocks. During these crises, should the central bank stabilize the currency or domestic interest rates? If the choice is outside the central bank's control, as in a currency board, are there good policy substitutes? We argue that these questions are best analyzed in a "vertical" framework, where the supply of external funds faced by the country is inelastic during the crisis and monetary policy affects mostly the domestic cost of scarce international liquidity. This is in contrast to the standard "horizontal" framework where supply is elastic at the (now higher) international interest rate. In this vertical view, raising domestic interest rates during a crisis has relatively limited output consequences, while not doing so causes a sharp exchange rate overshooting. This asymmetry naturally leads to the widely observed fear of floating. However, while this response is ex-post rationalizable, it has negative ex-ante consequences as it exacerbates the structurally insufficient private sector incentives to insure against crises. Ex-ante, optimal monetary policy is countercyclical, and increasingly so as financial development falls. The silver lining for countries with limited financial development that cannot (or should not) overcome this conservative-central-bank time inconsistency problem, is that since the main role of monetary policy in the vertical view is one of incentives, it can be substituted by ex-ante measures to induce the private sector to insure against crises. Keywords: External shocks, domestic and international liquidity, monetary policy, interest parity departures, exchange rate systems, overshooting

The Global Recession Risk

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Publisher : Springer
ISBN 13 : 023020659X
Total Pages : 277 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis The Global Recession Risk by : C. Peláez

Download or read book The Global Recession Risk written by C. Peláez and published by Springer. This book was released on 2007-04-17 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fire sale of US debt could cause a global recession through disorderly devaluation of the dollar, raising interest rates and crashing stock markets. The G7 doctrine of shared responsibility intends to coordinate regional efforts. This book analyzes the main issues and individual regions, including China, Japan, the EU and the USA.

International Financial Architecture

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Publisher : Springer
ISBN 13 : 0230288952
Total Pages : 427 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis International Financial Architecture by : C. Peláez

Download or read book International Financial Architecture written by C. Peláez and published by Springer. This book was released on 2005-11-01 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Group of Seven Industrialized Countries, G7 developed a new doctrine of international supervision and regulation of financial markets. The G7 instructed international financial institution such as the IMF, the Bank for International Settlements, the World Bank and the Multilateral Development Banks to tighten their supervision and regulation of international finance. This volume examines this doctrine sometimes known as the 'New Architecture of the International Financial System' or IFA. Strengthening of the international financial system never ends and there have been recurring vulnerabilities in international financial architecture. The book examines current practices and its consequences and how the IFA has evolved and its alternatives. The book draws upon academic knowledge, practitioner techniques in financial risk management and official doctrine to analyze how investors, creditors and debts function within the new architecture.

Working Paper Series

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ISBN 13 :
Total Pages : 570 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Working Paper Series by :

Download or read book Working Paper Series written by and published by . This book was released on 2003 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference

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Publisher : International Monetary Fund
ISBN 13 : 9781589062047
Total Pages : 202 pages
Book Rating : 4.0/5 (62 download)

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Book Synopsis IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference by : Mr.Robert P. Flood

Download or read book IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 2003-08-25 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as the fiscal burden reaches a critical level. The paper provides an overview of key elements of corporate bankruptcy codes and practice around the world that are relevant to the debate on sovereign debt restructuring. It also describes the broad trends in international financial integration for a sample of industrial countries and explains the cross-country and time-series variation in the size of international balance sheets.

Science of Societal Safety

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Publisher : Springer
ISBN 13 : 9811327750
Total Pages : 228 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Science of Societal Safety by : Seiji Abe

Download or read book Science of Societal Safety written by Seiji Abe and published by Springer. This book was released on 2018-12-11 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book covers comprehensive but fundamental principles and concepts of disaster and accident prevention and mitigation, countermeasures, and recovery from disasters or accidents including treatment and care of the victims. Safety and security problems in our society involve not only engineering but also social, legal, economic, cultural, and psychological issues. The enhancement needed for societal safety includes comprehensive activities of all aspects from precaution to recovery, not only of people but also of governments. In this context, the authors, members of the Faculty of Societal Safety Science, Kansai University, conducted many discussions and concluded that the major strategy is consistent independently of the type and magnitude of disaster or accident, being also the principle of the foundation of our faculty. The topics treated in this book are rather widely distributed but are well organized sequentially to provide a clear understanding of the principles of societal safety. In the first part the fundamental concepts of safety are discussed. The second part deals with risks in the societal and natural environment. Then follows, in the third part, a description of the quantitative estimation of risk and its assessment and management. The fourth part is devoted to disaster prevention, mitigation, and recovery systems. The final, fifth part presents a future perspective of societal safety science. Thorough reading of this introductory volume of societal safety science provides a clear image of the issues. This is largely because the Japanese have suffered often from natural disasters and not only have gained much valuable information about disasters but also have accumulated a store of experience. We are still in the process of reconstruction from the Great East Japan earthquake and the Fukushima nuclear power plant accident. This book is especially valuable therefore in studying the safety and security of people and their societies.

Handbook of Crisis Intervention and Developmental Disabilities

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Publisher : Springer Science & Business Media
ISBN 13 : 1461465311
Total Pages : 481 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Handbook of Crisis Intervention and Developmental Disabilities by : Derek D. Reed

Download or read book Handbook of Crisis Intervention and Developmental Disabilities written by Derek D. Reed and published by Springer Science & Business Media. This book was released on 2013-04-05 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Crisis Intervention and Developmental Disabilities synthesizes a substantive range of evidence-based research on clinical treatments as well as organizational processes and policy. This comprehensive resource examines the concept of behavioral crisis in children and adults with special needs and provides a data-rich trove of research-into-practice findings. Emphasizing continuum-of-care options and evidence-based best practices, the volume examines crisis interventions across diverse treatment settings, including public and private schools, nonacademic residential settings as well as outpatient and home-based programs. Key coverage includes: Assessment of problem behaviors. Co-occurring psychiatric disorders in individuals with intellectual disabilities. Family members’ involvement in prevention and intervention. Intensive treatment in pediatric feeding disorders. Therapeutic restraint and protective holding. Effective evaluation of psychotropic drug effects. The Handbook of Crisis Intervention and Developmental Disabilities is a must-have resource for researchers, scientist-practitioners, and graduate students in clinical child, school, developmental, and counseling psychology, clinical social work, behavior therapy/analysis, and special education as well as other related professionals working across a continuum of service delivery settings.

Spring 2002

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Publisher : Brookings Institution Press
ISBN 13 : 9780815720676
Total Pages : 332 pages
Book Rating : 4.7/5 (26 download)

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Book Synopsis Spring 2002 by : Andres Velasco

Download or read book Spring 2002 written by Andres Velasco and published by Brookings Institution Press. This book was released on 2002-06-20 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers from the region to share high-quality research directly applied to policy issues within and among those countries.Contents include:Globalization Hazard and Delayed Reform in Emerging MarketsGuillermo Calvo (Inter-American Development Bank)The Politics of Legal ReformFlorencio Lopez de Silanes (Yale University and NBER)Inflation Targeting in Chile, Brazil, and Mexico: Performance, Credibility, and the Exchange RateAlejandro Werner (Banco de Mexico) and Klaus Schmidt-Hebbel (Banco Central de Chile)Telecommunications Reform, Access Regulation, and Internet Adoption in Latin America Antonio Estache (World Bank and Ecares), Marco Manacorda (London School of Economics and CEP), and Tommaso M. Valletti (Imperial College Management School and CPR)Equity and Educational Performance: Evidence from Bolivia and ChileComments by Miguel Urquiola and Omar AriasEvaluating the Impact of School Decentralization on Education QualityComments by Eric A. Hanushek and Mariano Tommasi

“A” "vertical" Analysis of Crisis and Intervention

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis “A” "vertical" Analysis of Crisis and Intervention by : Ricardo J. Caballero

Download or read book “A” "vertical" Analysis of Crisis and Intervention written by Ricardo J. Caballero and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Social Work Intervention

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Publisher : Learning Matters
ISBN 13 : 1446281337
Total Pages : 242 pages
Book Rating : 4.4/5 (462 download)

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Book Synopsis Social Work Intervention by : Trevor Lindsay

Download or read book Social Work Intervention written by Trevor Lindsay and published by Learning Matters. This book was released on 2013-03-19 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since launching in 2003, Transforming Social Work Practice has become the market-leading series for social work students. These books use activities and case studies to build critical thinking and reflection skills and will help social work students to develop good practice through learning. Social workers need to have a sound working knowledge of intervention as they are often balancing complex and sometime stressful circumstances with the individual needs of the service users. Also, as there are a wide range of social work interventions in current practice, students will benefit from knowing the advantages and disadvantages of each model and approach. This book on effective social work intervention will help students apply and integrate this knowledge in practice, to critically evaluate different methods and to choose the most effective in any particular set of circumstances. Fully-revised to include new material on value-based practice and direct links to the new Professional Capabilities Framework for Social Work, this second edition is essential reading for all social work students.

Crisis Intervention Handbook

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Publisher : Oxford University Press, USA
ISBN 13 : 9780195133653
Total Pages : 592 pages
Book Rating : 4.1/5 (336 download)

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Book Synopsis Crisis Intervention Handbook by : Albert R. Roberts

Download or read book Crisis Intervention Handbook written by Albert R. Roberts and published by Oxford University Press, USA. This book was released on 2000 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: The handbook prepares the counselor or social service worker for rapid assessment and timely crisis prevention during this widely used brief treatment modality.

Between Meltdown and Moral Hazard

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ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Between Meltdown and Moral Hazard by : J. Bradford DeLong

Download or read book Between Meltdown and Moral Hazard written by J. Bradford DeLong and published by . This book was released on 2001 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: We review and analyze the monetary and financial policies of the Clinton administration with a focus on the strong dollar policy, the Mexican rescue, the response to the Asian crisis, and the debate over reform of the international financial architecture. While we consider the role of ideas, interests and institutions in the formulation of policy, our emphasis here is on institutions, and specifically on how personnel and administrative arrangements allowed the Treasury department to exercise an unusually important influence in the development of these policies. This allowed a set of ideas imported by Treasury from academia and the markets to strongly influence the formulation of the international monetary and financial policies during the Clinton years.

From Wild West to the Godfather

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ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis From Wild West to the Godfather by : James E. Anderson

Download or read book From Wild West to the Godfather written by James E. Anderson and published by . This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weak states enable private enforcement but it does not always fade away in the presence of strong states. We develop a general equilibrium model of the market organization of enforcers (self-enforcers, competitive specialized enforcers or monopoly) who defend endowments from predators. We provide conditions under which a Mafia emerges, persists and is stable. Mafias are most likely to emerge at intermediate stages of economic development. Private enforcers might provide better enforcement to the rich than would a welfare-maximizing state - hence the State may find it difficult to replace the Mafia or competitive private enforcers.

NBER Reporter

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ISBN 13 :
Total Pages : 512 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis NBER Reporter by : National Bureau of Economic Research

Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 2003 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary and Economic Studies

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ISBN 13 :
Total Pages : 552 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Monetary and Economic Studies by :

Download or read book Monetary and Economic Studies written by and published by . This book was released on 2002 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Intelligent Systems and Decision Making for Risk Analysis and Crisis Response

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Publisher : CRC Press
ISBN 13 : 0203771478
Total Pages : 965 pages
Book Rating : 4.2/5 (37 download)

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Book Synopsis Intelligent Systems and Decision Making for Risk Analysis and Crisis Response by : Chongfu Huang

Download or read book Intelligent Systems and Decision Making for Risk Analysis and Crisis Response written by Chongfu Huang and published by CRC Press. This book was released on 2013-07-25 with total page 965 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this present internet age, risk analysis and crisis response based on information will make up a digital world full of possibilities and improvements to people‘s daily life and capabilities. These services will be supported by more intelligent systems and more effective decisionmaking. This book contains all the papers presented at the 4th Inter

Understanding Bilateral Exchange Rate Volatility

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis Understanding Bilateral Exchange Rate Volatility by : Michael B. Devereux

Download or read book Understanding Bilateral Exchange Rate Volatility written by Michael B. Devereux and published by . This book was released on 2002 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: