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Economic Development and Financial Instability: Selected essays

  Economic Development and Financial Instability: Selected essays

Author: Jan Kregel

       

 
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Featured Themes
The BRICS Bank

The announcement of a BRICS development bank in the context of the ongoing global economic turmoil assumes a specila significance. Some perceive it as an alternative to the already discredited World Bank with its North Centric leadership resulting in a dogmatic imposition of neo-liberal conditionalities on the indebted South; many assume this as a watershed, signaling the shift in global economic governance from the traditional powerhouses of the North to the newly emerging powerhouses of the South; while others perceive it as a tool to be used by the member countries to increase their influence in their respective Southern pockets.
  
This section includes articles analysing the emergence of BRICS Development Bank and its possible implications for global economic governance, regional impact of the BRICS nations, and other repercussions.

Banking with a Difference 
C.P. Chandrasekhar 
(August 12, 2014)
    
The BRICS Bank 

Prabhat Patnaik (July 31, 2014)
    
BRICS Gains Currency in Brazil
Biswajit Dhar (July 25, 2014)
    

The BRICS Bank: Part of a new financial architecture (2)  
(Oscar Ugarteche (July 25, 2014)
    
The BRICS Bank: Part of a new financial architecture (1)  
Oscar Ugarteche (July 25, 2014)
    

Using the Potential of BRICS Financial Co-operation
 
Jayati Ghosh (April 9, 2012)

 

Featured Articles
Has the Income Share of the Middle and Upper-middle been Stable over Time, or is its Current Homogeneity across the World the Outcome of a Process of Convergence? The 'Palma Ratio' Revisited
Jose Gabriel Palma

The income-share of the rich, the most crucial of all distributional stylised facts, is what largely explains why inequality is so unequal across the world.

 
Structural Banking Reform: An FSB perspective and some alternatives
Andrew Cornford

The author argues that the international reform agenda for financial regulation is fraught with several inconsistencies and weaknesses.

Inequality in Mexico
Alice Krozer & Juan Carlos Moreno-Brid

The main reason behind the prevalence of stark inequality in Mexico is the lack of political will by relevant actors to change the situation.

 
Europe's Hunger Games: Income distribution, cost competitiveness and crisis
Servaas Storm & C.W.M. Naastepad

The dominant view, both on the mainstream right and on the left, which holds that the Eurozone crisis is a crisis of labour-cost competitiveness, is wrong and unhelpful.

 
Alternatives
Some Ideas on Bank Size, Structure and Remuneration
Andrew Cornford

Overview of current reform and proposals regarding bank structure and corporate form and bankers’ remuneration, with special references to Daniel Tarullo and David Shirreff.

 
Charting Ways Out of Europe's Impasse - A Policy Memorandum
WIIW

A memorandum, based on a 3-year research project, discussing possible ways out of prolonged stagnation and low growth due to recent crisis and austerity measures in EU.

 
IDEAs Working  Papers
IDEAs Working  Papers
 
 
IDEAs Activities
 
Focus
A Never ending Recession? On the Vicissitudes of Economics and Economic Policies and How Latin American Economies Pander to It
Alicia Puyana

Tthe author focuses on the crisis in macroeconomics today where the neoliberal hegemony has displaced all other critical schools of economic theory from the mainstream.

 
Latin America's Social Imagination since 1950. From One Type of 'Absolute Certainties' to Another - with No (Far More Creative) 'Uncomfortable Uncertainties' in Sight
Gabriel Palma

The author investigates the historical evolution of social science schools to understand the lack of critical thinkers in this field in Latin America.

 
Events and Announcements
 
News Analysis
Charlie Hebdo…
Gerry Rodgers

If state responses to terrorism are intensified as a result of the attack on Charlie Hebdo, then the terrorists will have at least in part succeeded.

The "Niti Ayog"
Prabhat Patnaik

The replacement of the Planning Commission by the NITI Ayog marks a centralization of economic power in the hands of the Central Government at the behest of neoliberalism.

How Austerity Economics Turned Europe into the Hunger Games

In this interview, Servaas Storm explains how things got so bad in Europe, what role economists and misguided policy-makers have played, and how to change course.

Asian Banks in Trouble
C.P. Chandrasekhar

Emerging market economies in Asia are confronted with signs of bank fragility owing to overexposure to the private sector, whose mounting external debt compounds the problem.

Ukraine's Economy: Which way forward?
Rainer Kattel

Ukraine needs to focus on a bold agenda of managing or rather creating its own dynamic and competitive industry and gearing financial structure towards this industry.

On the Cusp of a Genuinely Transformative Agenda?
Gabriele Köhler

The recently published UN Secretary General's Synthesis Report on the SDGs fails to address the real issues as it refuses to investigate the root causes of the problems.

The Phenomenal Increase in Wealth Inequality
Prabhat Patnaik

The recent Global Wealth Report by Credit Suisse shows inequality growth in India since 2000 has been the highest with the top one percent controlling 49% of total wealth.

Debt in Asian vulnerability
C.P. Chandrasekhar & Jayati Ghosh

Amidst stock market euphoria, the growing international debt exposure of certain Asian countries, particularly Hong Kong, China and India, is a matter of major concern.

The Gathering Clouds of Recession
Prabhat Patnaik

The world capitalist economy's slide into a new downturn is likely to be a harbinger of major economic and political changes within the structure of world capitalism.

India Concludes Bilateral Agreement with US, Agrees to an Indefinite 'Peace Clause'
Biswajit Dhar

By making a bilateral agreement with the US, India is able to avert any challenge to its food security programme for now, but the programme will be under WTO surveillance.

The Difficult Art of Economic Diversification
C.P. Chandrasekhar & Jayati Ghosh

Indonesia provides a stark example of an economy that diversified its pattern of trade and domestic production, only to relapse back into a dependence on primary exports.

Dilma Rousseff's Victory
Prabhat Patnaik

While Dilma’s victory represents an important step in the right direction, intensified class struggle will be required to sustain the scheme of “transfers” to the working poor.

West Africa's Financial Immune Deficiency
Rick Rowden

A part of the reason why health systems in Africa are ill-equipped to deal with Ebola, lies with the faulty IMF policies.

 
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Economics Associates 2015
 

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