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158 results
Recovery from the Covid-19 crisis provides a chance to implement economic measures that are also beneficial from environmental and social perspectives. While ‘green’ recovery packages are crucial to support economies tracking a low-carbon transition in the short-term, green measures such as carbon pricing are also key to improving welfare in the long-term. This commentary specifies the need for carbon pricing, outlines its implications for our everyday lives, and explains how it works alongside value-based change in the context of climate action and societal well-being.
The Bank of England s introduction to money in the modern economy is composed by a video and a paper which work hand in hand In them money is presented as a form of debt issued by someone and spent as credit by someone else Furthermore the three main types …
After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed.
What’s inflation? Why is it relevant? And is there an agreed theory about its roots and causes, or is it a contentious concept? That’s what this text is all about: We define what inflation actually means before we delve into the theoretical debate with an interdisciplinary and pluralist approach: What gives rise to it, what factors might influence it, and, consequently, what might be done about it?
Mark Carney explains how we have come to esteem financial value over human value and how we have gone from market economies to market societies, how economic theory foundation affect the society as a whole, how we understand our world today and ultimately how this affects our lives.
Nancy Fraser starts out by introducing the multidmiensional cirises of the 21st century Three dimensions are especially alarming to her the ecological the financial and social aspects of the crisis Fraser then revives the ideas of Karl Polanyi which he first presented in his 1944 book The great transformation She …
Aim of this intensive workshop is to understand macroeconomic workings of climate change as as the background of sustainable finance; to analyse financial assets with ESG (Environmental, Social and Governance) criteria attached to them and their markets and important institutional players; to develop a critical perspective on the current setup of sustainable finance; and to synthesise this knowledge by applying it on in-depth case studies.
Post-Colonialisms Today researcher Chafik Ben Rouine looks to Tunisia’s post-independence central banking method to provide insight on what progressive monetary policy can look like.
Kareem Megahed, Omar Ghannam and Heba Khalil, from Post-Colonialisms Today, provide insights on the early post-independence industrialization project in Egypt, in which the state played a central coordinating role.
The world has seen the emergence of a rather different system of international lender of last resort organized as a network of central bank liquidity swap lines largely limited to the core countries of the Global North In this system central banks swap their own currency for dollars which they …
The authors analyse the role and effects of the US dollar as factual global reserve currency. They demonstrate that a flight into the dollar creates adverse effects for the global economy as it represents a tightening of financial conditions.
The article summarizes the effects that the war in Ukraine, the resulting economic sanctions as well as associated financial turbulences have for cryptocurrencies and their role in the global financial system.
This episode from Odd Lost podcast with financial analyst Zoltan Pozsar features a discussion on the potential long-term financial effects of the Ukraine-Crisis on dollar and the global currency system centered around it.
Florian Kern replies to Zoltan Pozsar's analysis about the effects of the war in Ukraine on the global financial order and refutes the latter's prognosis of the demise of the US dollar as the world's reserve currency
The article discusses whether the turning point in EU's Russia policy with sanctions aimed directly at Putin's war chest of foreign reserves will change the landscape of countries' foreign assets.
The article by the European Council of Foreign Relations argues that Europe s economic actions in response to the Russian invasion into Urkaine have been decisive different from the EU s external image but that this response should yet be better institutionalized The author Hackenbroich proposes an Anti Coercion Instrument …
The article reviews the effects that the War in Ukraine will have for the global economy.
This note, by Theresa Neef, Panayiotis Nicolaides, Lucas Chancel, Thomas Piketty, and Gabriel Zucman, provides data on wealth inequality in Russia and advocates for a European Asset Registry.
Western sanctions on Russia after its invasion of Ukraine quickly led the Ruble to lose more than 45 percent of its value. But these days, the Russian currency is back to its pre-war value. Cameron and Adam explain the turnaround and discuss what it means for the war.
The piece describes some of the effects that Nixon's decision to delink the dollar from gold in the 1970s had for the relationship between the IMF and its member states. A focus is on the negative effects of this change on societies in the Global South.
The lecturer focuses on his own paper The Economic Limits of Bitcoin and Anonymous Decentralized Trust on the Blockchain analysing the innovation of cryptocurrencies particularly bitcoin and its economic credibility The innovator of cryptocurrency Satoshi Nakamoto incorporated an interesting combination of computer sciences and economics The paper argues the limitations …
Asset Management firms control large parts of the global economy Just the three American asset management firms BlackRock Vanguard and State Street manage more than half of the combined value of all shares for companies in the S P 500 Their combined managed assets amount to 22 trillion May 2022 …
This article demonstrates Schumpeter s propagated approach to monetary analysis in macroeconomics so as to provide for a better understanding of the relation between finance and growth Peter Bofinger Lisa Geißendörfer Thomas Haas Fabian Mayer voxEU
In March 2020, the Reserve Bank Board introduced a target for the yield on the three-year Australian Government bond which was discontinued in November 2021. This review examines the experience with the yield target and draws lessons from this experience.
The author discusses the various dimensions of the recent hike in inflation in the context of the United States and policy dilemmas around high inflation GDP decline and unemployment Servaas Storm Institute for New Economic Thinking
What the heck is the yield curve? And why is it considered a powerful predictor of economic crisis? Here you'll get to know.
This is the second part of the seminar A Hard Currency of Politics The discussion centers on the The Currency of Politics by Stefan Eich and is hosted by the journal European Law Open Stefan Eich s presentation of his argument starts at minute 7 53 The discussion centers on …
La teoría monetaria moderna (TMM) es una escuela de pensamiento macroeconómico y monetario centrada en el análisis del sistema monetario y crediticio y, en particular, en la cuestión de la creación de crédito por parte del Estado. Bebe de la tradición poskeynesiana y del chartalismo, que fue elaborada por Georg Friedrich Knapp (Ehnts 2020). La TMM cuestiona tres falsas creencias elementales respecto a la teoría monetaria que surgieron en el periodo neoclásico, y puede así entenderse como una alternativa a la concepción neoclásica del dinero.
¿Qué es la inflación? ¿Por qué es relevante? ¿Hay una teoría consensuada con respecto a sus orígenes y sus causas o es un concepto más bien polémico? Sobre estas cuestiones trata precisamente este texto: empezamos definiendo lo que significa realmente la inflación para adentrarnos luego en el debate teórico desde una perspectiva interdisciplinar y pluralista: ¿cuál es su causa?, ¿qué factores influyen en ella? y en consecuencia, ¿qué podemos hacer al respecto?
Aim of this intensive workshop is 1.) to introduce the participants to the macroeconomic workings of the climate crisis as the background of sustainable finance; 2.) to introduce financial assets with ESG (Environmental, Social and Governance) criteria attached to them and their markets and important institutional players; 3.) to provide a critical perspective on the current setup of sustainable finance; 4.) and to work on in-depth case studies illustrating the workings on ESG-finance markets, its emitters and traders as well as their macroeconomic implications.
In this teaching pack, we look at the acquisition of Twitter by Elon Musk. In particular, we focus on what it means to take a company private and how the deal was financed.
This self-paced free course by Perry Merhling guides you to his "Money View" approach that integrates the fields of economics and finance. The course can easily be understood by people interested people without technical economic knowledge or training as it is primarily a tool for analysis.
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