The Great Rebalancing

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Publisher : Princeton University Press
ISBN 13 : 0691163626
Total Pages : 256 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Great Rebalancing by : Michael Pettis

Download or read book The Great Rebalancing written by Michael Pettis and published by Princeton University Press. This book was released on 2014-10-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yet 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 Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.

Rebalancing the Global Economy

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Publisher : CEPR
ISBN 13 : 1907142118
Total Pages : 215 pages
Book Rating : 4.9/5 (71 download)

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Book Synopsis Rebalancing the Global Economy by : Stijn Claessens

Download or read book Rebalancing the Global Economy written by Stijn Claessens and published by CEPR. This book was released on 2010-08 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this electronic book is to provide policymakers and their advisers with up-to-date, comprehensive analyses of the central facets of global economic imbalances and to identify and evaluate potential national and systemic responses to this challenge. To break down the many facets of this collective economic challenge, leading experts were asked to address one of the following policy-relevant questions. 1. How large are contemporary current account imbalances? Why do they persist? 2. What are the systemic costs of imbalances? 3. What are the lessons from previous attempts to rebalance the global economy? 4. What would rebalancing entail? Which policies must change? Is collective action needed? 5. What is the political viability of proposals to rebalance national economies? 6. Are new system-wide accords needed to promote rebalancing or to discourage persistent imbalances? www.voxeu.org/reports/global_imbalances.pdf

Rebalancing the Global Economy

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Publisher :
ISBN 13 : 9781907543845
Total Pages : 350 pages
Book Rating : 4.5/5 (438 download)

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Book Synopsis Rebalancing the Global Economy by : Christopher Brook (Economist)

Download or read book Rebalancing the Global Economy written by Christopher Brook (Economist) and published by . This book was released on 2014-10 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Rebalancing the Global Economy

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Author :
Publisher :
ISBN 13 :
Total Pages : 204 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis Rebalancing the Global Economy by : Stijn Claessens

Download or read book Rebalancing the Global Economy written by Stijn Claessens and published by . This book was released on 2010 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new eBook aims to provide policymakers and their advisers with up-to-date, comprehensive analyses of the central facets of global economic imbalances and to identify and evaluate potential national and systemic responses to this challenge.--Publisher description.

Rebalancing the Economy

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (915 download)

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Book Synopsis Rebalancing the Economy by : John Carroll Williams

Download or read book Rebalancing the Economy written by John Carroll Williams and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Challenge of Economic Rebalancing in Europe

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1784719803
Total Pages : 263 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis The Challenge of Economic Rebalancing in Europe by : Ewald Nowotny

Download or read book The Challenge of Economic Rebalancing in Europe written by Ewald Nowotny and published by Edward Elgar Publishing. This book was released on 2015-09-25 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the long aftermath of the acute global financial crisis of 2008/09, “rebalancing” the economy with new sources of growth and productivity remains a persistent necessity. This book addresses the resulting trade-offs and challenges. These needs, and the corresponding policy challenges, are especially prevalent in Europe, in particular Central, Eastern and South-Eastern Europe. On this issue, this book contributes lessons learned from earlier balance sheet recessions. It also addresses the often overlooked link between macroeconomic imbalances and economic inequality. Further contributions focus on the interaction between monetary policy and financial stability, adding a regional perspective to these important issues.

Rich and Poor

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Author :
Publisher :
ISBN 13 : 9781860826412
Total Pages : 63 pages
Book Rating : 4.8/5 (264 download)

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Book Synopsis Rich and Poor by : Charles Clark

Download or read book Rich and Poor written by Charles Clark and published by . This book was released on 2010 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world we live in is full of examples of the chasm that exists between the super-rich and their lavish lifestyles and those who live in abject poverty often not even able to find enough food to sustain their own lives. This has often led to an inequality in the perceived value of people themselves. This booklet explains how the Church's Social teaching, based on the dignity of the human person and the common good can be applied to reduce such basic injustices.

Avoiding the Fall

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Publisher : Brookings Institution Press
ISBN 13 : 0870034081
Total Pages : 172 pages
Book Rating : 4.8/5 (7 download)

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Book Synopsis Avoiding the Fall by : Michael Pettis

Download or read book Avoiding the Fall written by Michael Pettis and published by Brookings Institution Press. This book was released on 2013-09-24 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.

Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498300855
Total Pages : 59 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data by : Margherita Bottero

Download or read book Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data written by Margherita Bottero and published by International Monetary Fund. This book was released on 2019-02-28 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study negative interest rate policy (NIRP) exploiting ECB's NIRP introduction and administrative data from Italy, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply-- -and hence the real economy---through a portfolio rebalancing channel. NIRP affects banks with higher ex-ante net short-term interbank positions or, more broadly, more liquid balance-sheets, not with higher retail deposits. NIRP-affected banks rebalance their portfolios from liquid assets to credit—especially to riskier and smaller firms—and cut loan rates, inducing sizable real effects. By shifting the entire yield curve downwards, NIRP differs from rate cuts just above the ZLB.

A Vision for Rebalancing the Economy

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Publisher :
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4.:/5 (82 download)

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Book Synopsis A Vision for Rebalancing the Economy by : Confederation of British Industry

Download or read book A Vision for Rebalancing the Economy written by Confederation of British Industry and published by . This book was released on 2011 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Unbalanced Economy

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Publisher : Springer
ISBN 13 : 1137271795
Total Pages : 212 pages
Book Rating : 4.1/5 (372 download)

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Book Synopsis The Unbalanced Economy by : Ciaran Driver

Download or read book The Unbalanced Economy written by Ciaran Driver and published by Springer. This book was released on 2012-09-10 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1980s Britain became one of the world's most market-oriented economies, an approach which resulted in three severe recessions and a deepening degree of inequality. This book argues that a rebalancing of the economy will remain elusive until proactive policies are implemented at the corporate and industrial level.

Imbalance and Rebalance

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Publisher : Springer
ISBN 13 : 9811061505
Total Pages : 266 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Imbalance and Rebalance by : Yang Li

Download or read book Imbalance and Rebalance written by Yang Li and published by Springer. This book was released on 2017-10-05 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on global financial systems. After summarising historical financial institutions, it subsequently uses economic and econometrical models to analyse the strengths and weaknesses of these institutions and their role in the history. Readers, especially international readers, will be introduced to prominent Chinese scholars’ ideas and views on these issues. The perspective of this book is, of course, a Chinese one. As such, readers will learn how Chinese people view global financial systems, even those dominated by the West, what they think about future global finance, etc. As such, the book offers intriguing and revealing insights for researchers and a broader readership alike.

The Great Rebalancing

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Author :
Publisher :
ISBN 13 : 9780691158686
Total Pages : 219 pages
Book Rating : 4.1/5 (586 download)

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Book Synopsis The Great Rebalancing by : Michael Pettis

Download or read book The Great Rebalancing written by Michael Pettis and published by . This book was released on 2013 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A noted economist argues instead that we are not entering another Great Depression but rather are undergoing a critical rebalancing of the world economies.

Rebalancing and Sustaining Growth in China

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Publisher : ANU E Press
ISBN 13 : 1921862807
Total Pages : 386 pages
Book Rating : 4.9/5 (218 download)

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Book Synopsis Rebalancing and Sustaining Growth in China by : Huw McKay

Download or read book Rebalancing and Sustaining Growth in China written by Huw McKay and published by ANU E Press. This book was released on 2012-07-01 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: The idea that China’s economy needs to rebalance is no longer controversial inside or outside the country. Whether it be the increasing recognition of income inequality at home; the still large external surplus; the focus on consumption and industrial upgrading in the policy discourse; the economic, political and social tensions associated with the major decline in housing affordability; the profound conflict between industrialisation, urbanisation and the biosphere; the profitability gulf between the top SOEs and private firms; or the uni-directional pressures pushing on the real exchange rate; the evidence in favour of a highly imbalanced structure is omnipresent. Rebalancing and Sustaining Growth in China brings together some of the world’s leading observers of the Chinese economy to debate the multifarious questions pertaining to rebalancing. How are we to make sense of the many, often contradictory, proposals that seek the same ultimate objective of a more sustainable growth model? What mix of policies will be most effective in addressing the required structural change without sacrificing prosperity along the way? Where should we look for root causes, and how can we avoid getting distracted by symptoms? How do China’s unique internal migration dynamics – and the Lewis turning point – constrain its options? What role will and should financial, fiscal and welfare reform play in the process? Where do water and energy security fit in? Can China innovate before it gets old – or can China get smart before it gets rich? And are intergenerational issues being taken into account?

China’s Rebalancing: Recent Progress, Prospects and Policies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484380673
Total Pages : 17 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis China’s Rebalancing: Recent Progress, Prospects and Policies by : Rui Mano

Download or read book China’s Rebalancing: Recent Progress, Prospects and Policies written by Rui Mano and published by International Monetary Fund. This book was released on 2018-11-12 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: While China’s growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup. Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage will remain a challenge. The authorities are already pursuing several pro-rebalancing policies which could be expanded to support each dimension of rebalancing while reducing trade-offs between them.

Rebalancing in China—Progress and Prospects

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Publisher : International Monetary Fund
ISBN 13 : 1475532938
Total Pages : 22 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Rebalancing in China—Progress and Prospects by : Ms.Longmei Zhang

Download or read book Rebalancing in China—Progress and Prospects written by Ms.Longmei Zhang and published by International Monetary Fund. This book was released on 2016-09-06 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy. This paper defines a framework for assessing rebalancing, reviews progress, and discusses medium-term prospects. External rebalancing has advanced well, while progress on internal rebalancing has been mixed, with substantial progress on the supply side, moderate progress on the demand side, and limited progress on the credit side. Rebalancing on income equality and environment has also been mixed, with the energy intensity of growth falling and labor’s share of income rising, but income inequality and local air pollution remaining very high. Going forward, the high national saving is expected to fall owing to demographic change and a stronger social safety net, while the investment ratio is expected to fall similarly, with increasing competition and profit normalization as growth slows. The service sector will continue to gain importance, helping reduce the carbon intensity of output and increase labor’s share of national income and household consumption. Reducing the credit intensity of growth is likely to progress slowly unless decisive corporate restructuring and SOE reforms are implemented.

The Road to Recovery

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Publisher : John Wiley & Sons
ISBN 13 : 1118515668
Total Pages : 0 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis The Road to Recovery by : Andrew Smithers

Download or read book The Road to Recovery written by Andrew Smithers and published by John Wiley & Sons. This book was released on 2013-10-14 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renowned economist Andrew Smithers offers prescriptive advice and economic theory on avoiding the next financial crisis In The Road to Recovery, Andrew Smithers—one of a handful of respected economists to have accurately predicted the most recent global financial crisis—argues that the neoclassical consensus governing global economic decision-making must be revised in order to avoid the next financial collapse. He argues that the current low interest rates and budget deficits have prevented the recession becoming a depression but that those policies cannot be continuously repeated and a new consensus for action must be found. He offers practical guidance on reducing government, household, and business debt; changing the economic incentives for the management class that currently inhibit long-term growth; and rebalancing national economies both internally and externally. Further, he explains how central bankers must broaden the economic theories that guide their decisions to include the major factors of debt and asset prices. Offers practical, real-world economic policies for restructuring and rebalancing the global economic system Presents a modern economic theory for preventing the next collapse Ideal for economists, investors, fund managers, and central bankers Written by an economist described by the legendary Barton Biggs as "one of the five best, most dispassionate, erudite analysts in the world" As the global economy continues the long climb out of recession, it's imperative that central bankers and other economic decision-makers not repeat the mistakes of the past. The Road to Recovery offers prescriptive guidance on redesigning an economic system that is healthy, stable, and beneficial to all.