Capital adequacy beyond basel

banking, securities, and insurance

This book is timely since the Bassel Committee on Banking Supervision at the Bank for International Settlements is in the process of making major changes in the capital rules for banks. It is important that capital adequacy regulation helps to achieve financial stability in the ...

The natural advantage of nations

business opportunities, innovation and governance in the 21st century

This book is the definitive and most comprehensive guide to modeling derivatives in C++ today. Providing readers with not only the theory and math behind the models, as well as the fundamental concepts of financial engineering, but also actual robust object-oriented C++ code, this is ...

The dynamic macroeconomic effects of public capital

theory and evidence for OECD countries

This book analyzes the dynamic macroeconomic effects of public capital in industrialized countries. The issue of whether public capital is productive has received a great deal of recent attention. Yet, existing empirical analyses have been limited to a small set of countries. This book presents ...

Issues in monetary, financial and macroeconomic adjustment policies

This volume sheds light on crucial questions in the field of monetary, financial and macroeconomic policy. Consisting of a series of surveys written by leading international economists, it addresses questions such as: What is the role of the financial sector in economic development? Is financial ...

Collective bargaining and wage formation

performance and challenges

This volume considers the development of the wage formation and wage bargaining institutions as a response to changes in the bargaining environment. These changes include a lower level of inflation and the growth in intraindustrial trade as firms have become more specialised. The response to ...

Regional currency areas in financial globalization

a survey of current issues

This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange rate ...

International monetary policy after the Euro

This fascinating book, a dialogue by leading economists, offers an extensive review of the impact of the introduction of the Euro on the international monetary system. The authors dissect the impact of the euro on living standards in developed and developing countries, the growth of ...

Labour supply and incentives to work in Europe

Labour Supply and Incentives to Work in Europe highlights recent developments in the labour supply in Europe and gives a detailed assessment of their link with economic policies and labour market institutions. Despite major changes in European labour supply during the past few decades, the ...

The greening of markets

product competition, pollution and policy making in a duopoly

#This book is an important contribution to environmental economics and industrial organisation. It analyses environmental markets for green, i.e. environmentally friendly, products and economic policies that improve the functioning of these markets and environmental quality. The book combines rigorous, state-of-the-art theoretical economic analysis with ...

Neo-liberal economic policy

critical essays

Over the past two decades there has been a prevailing shift in economic policy in many countries. This reflects the continuing rise of neo- liberalism # the doctrine that economic policy should #leave it to the market# and that governments should retreat from market intervention. This ...

Economic policy under uncertainty

the role of truth and accountability in policy advice

Economic Policy under Uncertainty maintains that the question of truth and accountability has not received particular attention in the literature on economic methodology. It goes on to argue that pragmatic theories relate concepts of truth to the beliefs, thoughts and intentional actions of individuals, blurring ...

Insight in innovation

mannaging innovation by understanding the laws of innovation

Innovation is an ancient art, may be as old as 500,000 years, but managing innovation is a relatively young management technique, only a few decades old, and has received much less attention than other aspects of innovation such as creativity, entrepreneurship or venturing. This ...

The European Central Bank

credibility, transparency, and centralization

The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and ...

Monetary policy and the german unemployment problem in Macroecomics models

Theory and evidence

Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and modeling ...

Los mercados del agua

El agua presenta particularidades de carácter natural que le confieren peculiaridades como recurso económico. Se trata de un bien escaso, que se obtiene de forma incierta, que tiende a reducir su renovabilidad dependiendo de los usos y no es homogéneo, por lo que debe definirse ...

Monetary policy and macroeconomics stabilization in Latin America

The book focuses on the recent experience of Latin America economies with designing, announcing, and implementing monetary policies with different internal and external anchors. Given the often dismal track record of monetary stabilization in Latin America, it deals primarily with the conditions of the economies ...

Innovation policy in a knowledge-based economy

theory and practice

The main underlining conviction, throughout the book, is the importance of dynamical and systemic approaches to innovation policies. The first part of the book provides the theoretical background for the subsequent more empirical contributions. In the second part, a series of three papers analyse each ...

Varieties of capitalism and europeanization

national response strategies to the single european market

Drawing on detailed case studies of ten European countries, this volume bridges the gap between the rapidly unfolding scholarly debate on Europeanization and varieties of capitalism. It argues that both strongly neocorporatist systems of political-economic governance and statist systems are capable of creating swift, comprehensive ...

Innovación y capacidad para emprender

diagnóstico de la situación en España y líneas de acción

La capacidad emprendedora española actual no va acompañada por una actividad innovadora destacada y así lo vienen demostrando diversos estudios realizados como Global Entrepreneurship Monitor o European Innovation Scoreboard. Ello deriva en la debilidad de las empresas creadas,su escasa capacidad de crecimiento,su limitada ...

Political power and corporate control

the new global politics of corporate governance

Corporate governance has become front page news in the United States and Europe with the collapse of companies such as Enron, WorldCom, and Parmalat. Once the sleepy preserve of corporate lawyers and accountants, the way corporations are run is increasingly the subject of government intervention ...