Iain Hardie – författare
Visar alla böcker från författaren Iain Hardie. Handla med fri frakt och snabb leverans.
6 produkter
6 produkter
E-bok
PDF, Engelska, 20131 389 kr
Läs direkt efter köp
Economics and political economy lack the analytical tools to explain the differing impact of the recent international financial crisis that erupted in 2007 on developed economies. The principal contribution of this edited volume is to offer a ''market-based banking'' framework which transcends the dominant dichotomous understanding of financial systems in terms of credit-based and capital-based. It demonstrates why this dichotomy is obsolete through an appreciation ofthe activities of banks. Further, it employs ''market-based banking'' to overcome the inability of existing typologies to explain financial system change. ''Market-based banking'' provides a framework that is more reflective of banking in modern financial systems, and one that provides a more successfulexplanation of the differential impact of the recent financial crisis. The comparative and single-country chapters in this volume compare the extent of ''market-based banking'' across eleven countries, including all of the G7 economies. The chapters also consider the impact of the financial crisis in terms of necessary government support and lending to non-financial companies. The edited volume includes work by authors who are widely respected experts in national political economies, finance,financial regulation, banking, central banking, and monetary policy. This volume is one of the first book-length comparative studies of the financial crisis and its impact and one of the few recent comparative studies of national banking / financial systems in any discipline.
E-bok
PDF, Engelska, 2017475 kr
Läs direkt efter köp
Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a ''chain'': an often extended sequence of intermediaries. What goes on in that chain is of huge importance: The world''s investment managers, who are now almost as well paid as top bankers, control assets equivalent in value to around a year of total global economic output.In Chains of Finance, five social scientists discuss the ways in which the intermediaries in the chain influence each other, channel the flows of savers'' money, enhance investment decisions, and form audiences for each other''s performances of financially competent selves. The central argument of the book is that investment management is fashioned profoundly by the opportunities and constraints this chain creates. Whether chains constrain or enable, however, they always entangle, tyingintermediaries to each other - silently and profoundly shaping the investment management industry. Chains of Finance is a novel analysis that will make students, social scientists, financial professionals, and regulators looking at the workings of financial markets in a new light. A must-read for anyonelooking for insights into the decision-making processes of investment managers and those influenced by and working for them.
E-bok
Engelska, 2017458 kr
Läs direkt efter köp
Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a ''chain'': an often extended sequence of intermediaries. What goes on in that chain is of huge importance: The world''s investment managers, who are now almost as well paid as top bankers, control assets equivalent in value to around a year of total global economic output.In Chains of Finance, five social scientists discuss the ways in which the intermediaries in the chain influence each other, channel the flows of savers'' money, enhance investment decisions, and form audiences for each other''s performances of financially competent selves. The central argument of the book is that investment management is fashioned profoundly by the opportunities and constraints this chain creates. Whether chains constrain or enable, however, they always entangle, tyingintermediaries to each other - silently and profoundly shaping the investment management industry. Chains of Finance is a novel analysis that will make students, social scientists, financial professionals, and regulators looking at the workings of financial markets in a new light. A must-read for anyonelooking for insights into the decision-making processes of investment managers and those influenced by and working for them.
Inbunden, Engelska, 2017
701 kr
Skickas inom 7-10 vardagar
Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a 'chain': an often extended sequence of intermediaries. What goes on in that chain is of huge importance: The world's investment managers, who are now almost as well paid as top bankers, control assets equivalent in value to around a year of total global economic output. In Chains of Finance, five social scientists discuss the ways in which the intermediaries in the chain influence each other, channel the flows of savers' money, enhance investment decisions, and form audiences for each other's performances of financially competent selves. The central argument of the book is that investment management is fashioned profoundly by the opportunities and constraints this chain creates. Whether chains constrain or enable, however, they always entangle, tying intermediaries to each other - silently and profoundly shaping the investment management industry. Chains of Finance is a novel analysis that will make students, social scientists, financial professionals, and regulators looking at the workings of financial markets in a new light. A must-read for anyone looking for insights into the decision-making processes of investment managers and those influenced by and working for them.
Inbunden, Engelska, 2013
2 278 kr
Skickas inom 3-6 vardagar
Economics and political economy lack the analytical tools to explain the differing impact of the recent international financial crisis that erupted in 2007 on developed economies. The principal contribution of this edited volume is to offer a 'market-based banking' framework which transcends the dominant dichotomous understanding of financial systems in terms of credit-based and capital-based. It demonstrates why this dichotomy is obsolete through an appreciation of the activities of banks. Further, it employs 'market-based banking' to overcome the inability of existing typologies to explain financial system change. 'Market-based banking' provides a framework that is more reflective of banking in modern financial systems, and one that provides a more successful explanation of the differential impact of the recent financial crisis. The comparative and single-country chapters in this volume compare the extent of 'market-based banking' across eleven countries, including all of the G7 economies. The chapters also consider the impact of the financial crisis in terms of necessary government support and lending to non-financial companies. The edited volume includes work by authors who are widely respected experts in national political economies, finance, financial regulation, banking, central banking, and monetary policy. This volume is one of the first book-length comparative studies of the financial crisis and its impact and one of the few recent comparative studies of national banking / financial systems in any discipline.
Inbunden, Engelska, 2027
713 kr
Kommande
Exorbitant Obligation confronts one of the most persistent assumptions in international political economy: that the global financial system's dollar-centered architecture confers exceptional monetary power on the United States.Many have long held that the dollar's status as the world's key currency affords the United States an "exorbitant privilege": the ability to borrow cheaply, run persistent current account deficits, and deflect adjustment costs onto its creditors. Iain Hardie and Sylvia Maxfield challenge this view by looking instead at the United States's external balance sheet (EBS), which accounts for a nation's international assets and liabilities together rather than in isolated snapshots. Using comparative EBS data from the world's leading economies, they argue that global financialization has steadily eroded the structural advantages once unique to the US, leaving it increasingly constrained in its monetary policy autonomy.Hardie and Maxfield show that the US no longer borrows more cheaply than comparable developed economies, nor is it uniquely able to accumulate international liabilities. Investment in the dollar, they demonstrate, is not the same as investment in the US; vast offshore dollar markets now operate without any US counterparty, limiting rather than enhancing the Federal Reserve's autonomy. And their analysis of the 2008–09, eurozone, and March 2020 crises reveals that the Fed's role as global liquidity backstop reflects obligation, not power.Timely and incisive, Exorbitant Obligation reveals a quietly transformed landscape in which the benefits of key currency status have shrunk, and the US increasingly finds itself a hegemon hoist with its own petard.