Emerging Market Capital Flows

Author: Richard M. Levich
Publisher: Springer Science & Business Media
ISBN: 1461561973
Category : Business & Economics
Languages : en
Pages : 464

Book Description
In a little over one decade, the spread of market-oriented policies has turned the once so-called lesser developed countries into emerging markets. Many forces have been responsible for the tremendous growth in emerging markets. Trends toward market-oriented policies that permit private ownership of economic activities, such as public utilities and telecommunications, are part of the explanation. Corporate restructuring, following the debt crisis of the early 1980's has permitted many emerging market companies to gain international competitiveness. And an essential condition, a basic sea-change in economic policy, has opened up many emerging markets to international investors. This growth in emerging markets has been accompanied by volatility in individual markets, and a sector-wide shock after the meltdown in the Mexican Bolsa and Mexican peso, resulting in heated debate over the nature of these markets. Emerging market capital flows continue to be the subject of intense discussion around the world among investors, academics, and policymakers. Emerging Market Capital Flows examines the issues of emerging market capital flows from several distinct perspectives, addressing a number of related questions about emerging markets.

Sovereign Debt Markets in Turbulent Times

Author: Fernando Broner
Publisher: International Monetary Fund
ISBN: 1484336178
Category : Business & Economics
Languages : en
Pages : 63

Book Description
In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010, they were facing severe debt problems. Spreads increased and, surprisingly, so did the share of the debt held by domestic creditors. Credit was reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for these facts, we propose a simple model of sovereign risk in which debt can be traded in secondary markets. The model has two key ingredients: creditor discrimination and crowding-out effects. Creditor discrimination arises because, in turbulent times, sovereign debt offers a higher expected return to domestic creditors than to foreign ones. This provides incentives for domestic purchases of debt. Crowding-out effects arise because private borrowing is limited by financial frictions. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce growth and welfare, and may lead to self-fulfilling crises. It also shows how crowding-out effects can be transmitted to other countries in the Eurozone, and how they may be addressed by policies at the European level.

There's Hope for Your Church

Author: Gary McIntosh
Publisher: Baker Books
ISBN: 0801014069
Category : Religion
Languages : en
Pages : 208

Book Description
Veteran church consultant calls church leaders back to the hope that God can and does restore churches, equipping them with practical tools to bring about healthy growth.

Bank Restructuring and Resolution

Author: David S. Hoelscher
Publisher: Springer
ISBN: 0230289142
Category : Business & Economics
Languages : en
Pages : 405

Book Description
Systemic financial crises have become a common feature of the global financial landscape. Resolution of such crises requires a complex mix of macroeconomic and financial sector policies, including the restructuring and resolution of problem banks. This volume outlines the theoretical insights that have been gained and the practical lessons learned.

Organization Paremiology

Author: Kofi Kissi Dompere
Publisher: Adonis & Abbey Publishers Ltd
ISBN: 191223498X
Category : Reference
Languages : en
Pages : 460

Book Description
In the Theory of Philosophical Consciencism, Professor Dompere establishes how Nkrumah used the theory of categorial conversion housing the necessary conditions of transformation to design strategies for creating the sufficient conditions for socio-political transformations. The theory of Philosophical Consciencism is about the institutionally destruction-creation process for socio-political transformation. The theory shows the scientific contributions of Nkrumah's thinking to the solution of the transformation problem in science and its application to social systemicity, where Nkrumah's analytical weapons were drawn from African conceptual system. The theory is developed as logico-mathematical foundations that guide the internal management of the command-control decision-choice systems for creative destruction of socio-political varieties in transformations through the development of qualitative mathematics making possible the construct of qualitative equations of motion for connecting varieties in qualitative transfers. The qualitative equations of motion through the Philosophical Consciencism constitute the sufficient conditions for transformations. The theory links rationality, intentionality, experiential information structure, defective-deceptive information structures in the control-dynamic games of power and dominance by the duals and poles under the principle of opposites with relational continua and unity relative to decision-choice systems that induce negation-negation transformations, where paths are established by the history of success-failure outcomes in the socially control-dynamic zero-sum games between the duals in any duality and between the poles of any actual-potential polarity. The main premise of the monograph is that there exists a set of sufficient conditions in support of the necessary conditions for internal transformation of socio-natural varieties. The theory is useful in understanding developmental processes and multi-polar-power zero-sum games for global dominance. The necessary conditions constitute the natural necessity that constrains cognitive freedom. The sufficient conditions constitute cognitive freedom that must overcome the necessity in socio-natural systems dynamics. Had this conceptual system been familiar to African leaders, the African transformation from colonialism to complete emancipation, rather than neocolonialism, would have been increasingly successful. This holds for those seeking triumph over injustices, oppression, imperialism and social change in all systems.

The Economics of Sovereign Debt and Default

Author: Mark Aguiar
Publisher: Princeton University Press
ISBN: 0691231435
Category : Business & Economics
Languages : en
Pages : 200

Book Description
An integrated approach to the economics of sovereign default Fiscal crises and sovereign default repeatedly threaten the stability and growth of economies around the world. Mark Aguiar and Manuel Amador provide a unified and tractable theoretical framework that elucidates the key economics behind sovereign debt markets, shedding light on the frictions and inefficiencies that prevent the smooth functioning of these markets, and proposing sensible approaches to sovereign debt management. The Economics of Sovereign Debt and Default looks at the core friction unique to sovereign debt—the lack of strong legal enforcement—and goes on to examine additional frictions such as deadweight costs of default, vulnerability to runs, the incentive to “dilute” existing creditors, and sovereign debt’s distortion of investment and growth. The book uses the tractable framework to isolate how each additional friction affects the equilibrium outcome, and illustrates its counterpart using state-of-the-art computational modeling. The novel approach presented here contrasts the outcome of a constrained efficient allocation—one chosen to maximize the joint surplus of creditors and government—with the competitive equilibrium outcome. This allows for a clear analysis of the extent to which equilibrium prices efficiently guide the government’s debt and default decisions, and of what drives divergences with the efficient outcome. Providing an integrated approach to sovereign debt and default, this incisive and authoritative book is an ideal resource for researchers and graduate students interested in this important topic.

The Tactical Edge

Author: Charles Remsberg
Publisher: Calibre Press
ISBN: 093587805X
Category : Political Science
Languages : en
Pages : 721

Book Description
Extensive, advanced text of realistic tactical options for defeating violent offenders in life-threatening situations, including vehicle stops, domestic disturbances, armed robberies, building searches, barricaded subjects, and hostage officer crises. Addresses mental conditioning, tactical thinking and a host of special problems, whether you respond to dangerous calls alone, with a partner or as part of a tactical team. Used as a foundation for much training and for promotional exams.

Financial Crises in Emerging Markets

Author: Reuven Glick
Publisher: Cambridge University Press
ISBN: 9780521800204
Category : Business & Economics
Languages : en
Pages : 494

Book Description
The essays in this volume analyze causes of financial crises in emerging markets and different policy responses.

T-kit on Training Essentials

Author: Gavan Titley
Publisher: Council of Europe
ISBN: 9789287159618
Category : Education
Languages : en
Pages : 136

Book Description
T-Kits are a product of the Partnership Agreement on European Youth Worker Training run by the European Commission and the Council of Europe. Most publications in the series look at particular topics but this one, T-Kit 6 concentrates on the training process itself. The topics covered are: the context of training including matters such as roles, ethics and competencies; training in teams; the process of educational and logistic planning; the process that emerge in action and what they mean to individuals and groups; what sh9ould happen after training to facilitate a long-term effect.

Body by God

Author: Ben Lerner
Publisher: HarperChristian + ORM
ISBN: 1418513369
Category : Games & Activities
Languages : en
Pages : 384

Book Description
Your body is by God. God preprogrammed you to look great, have outrageous health, and experience incredible happiness. In the human body, God created a perfect design, equipped with all the organs, tissues, and cells necessary for health, production, and reproduction. The problem, asserts Dr. Ben Lerner, is when we as humans interfere with God's design for our bodies. Junk food, high-stress living, and neglecting exercise are just a few of the things we do to hinder our bodies' performance. In Body by God, Dr. Lerner offers a comprehensive plan for getting in touch with our bodies in four areas: nutrition, exercise, stress management, and time management. His "5-in-5" plan is designed to instill the good habits that will lead to optimum health benefits. Readers will learn how to get in shape with 10-minute workouts, reprogram the way they react to stress, and more. "Owner's Manual Tips" give specific ways to apply the material to real life. Our bodies are "fearfully and wonderfully made." With the help of Body by God, readers will learn how to achieve the highest level of performance from God's handiwork.