The Vulnerabilities of a Small Open Economy
Title | The Vulnerabilities of a Small Open Economy PDF eBook |
Author | Viktorija Mano |
Publisher | |
Pages | 0 |
Release | 2016 |
Genre | Macedonia |
ISBN |
Development and Stabilization in Small Open Economies
Title | Development and Stabilization in Small Open Economies PDF eBook |
Author | DeLisle Worrell |
Publisher | Taylor & Francis |
Pages | 391 |
Release | 2023-01-06 |
Genre | Political Science |
ISBN | 1000824543 |
This book analyses and explains the nature of the economies of small countries and territories. It includes an assessment of material prosperity in 41 small open economies worldwide, with case studies focusing on the Caribbean and Central America, with a review of the development of their economies in recent decades. The volume recommends a suite of economic policy tools for the management of these economies, demonstrating how these may best be employed in economies that live and breathe through international commerce. Among observations of interest is the fact that the devaluation of the local currency of a small nation makes the country worse off; even a currency that maintains its value is little more than a trophy, of little value if it is not readily convertible into US dollars. Also, that while government policies affect international competitiveness and a small country's growth prospects, more important is how governments use additional resources to improve the quality of health and educational services. Moreover, economic windfalls such as the discovery of mineral resources seldom bring prosperity commensurate with their economic value, and never in the short run. The volume will offer invaluable information and analysis to researchers and policy makers investigating small open economies.
An Estimated Small Open Economy Model of the Financial Accelerator
Title | An Estimated Small Open Economy Model of the Financial Accelerator PDF eBook |
Author | Selim Elekdag |
Publisher | International Monetary Fund |
Pages | 34 |
Release | 2005-03 |
Genre | Business & Economics |
ISBN |
This paper develops a small open economy model where entrepreneurs partially finance investment using foreign currency denominated debt subject to a risk premium above and beyond international interest rates. We use Bayesian estimation techniques to evaluate the importance of balance sheet vulnerabilities combined with the presence of the financial accelerator for emerging market countries. Using Korean data, we obtain an estimate for the external risk premium, indicating the importance of the financial accelerator and potential balance sheet vulnerabilities for macroeconomic fluctuations. Furthermore, our estimates of the Taylor rule imply a strong preference to smooth both exchange rate and interest rate fluctuations.
Welfare and Work in the Open Economy: From vulnerability to competitiveness
Title | Welfare and Work in the Open Economy: From vulnerability to competitiveness PDF eBook |
Author | Fritz Wilhelm Scharpf |
Publisher | Oxford University Press |
Pages | 420 |
Release | 2000 |
Genre | Business & Economics |
ISBN | 0199240876 |
In this ground-breaking, two-volume study of the adjustment of advanced welfare states to international economic pressures, leading scholars detail the wide variety of responses in twelve countries. Volume I presents comparative analyses of differences in countries' vulnerabilities and capabilities, the effectiveness of their policy responses, and the role of values and discourse in the politics of adjustment. Volume II presents in-depth analyses of the experiences of Australia, Austria, Belgium, Denmark, France, Germany, Italy, the Netherlands, New Zealand, Sweden, Switzerland, and the United Kingdom as well as special studies on the participation of women in the labour market, early retirement, the liberalization of public services, and international tax competition.
Vulnerability and Resilience to Natural Hazards
Title | Vulnerability and Resilience to Natural Hazards PDF eBook |
Author | Sven Fuchs |
Publisher | Cambridge University Press |
Pages | 369 |
Release | 2018-03-22 |
Genre | Business & Economics |
ISBN | 1107154898 |
A comprehensive overview of the concepts of vulnerability and resilience for natural hazards research for both physical and social scientists.
Ireland, Small Open Economies and European Integration
Title | Ireland, Small Open Economies and European Integration PDF eBook |
Author | D. Begg |
Publisher | Springer |
Pages | 253 |
Release | 2016-04-12 |
Genre | Political Science |
ISBN | 1137559608 |
David Begg examines how four small open economies- Finland, Denmark, the Netherlands and Ireland- have managed the stresses and strains of Europeanisation since the single market came into being, and as fault lines begin to appear within the European integration project. In particular, he drills down into the Irish Polity to see how its institutions have engaged with Europe and how decisions on critical issues like integration, EMU and Social Partnership were reached. He finds that both Ireland and Europe are at a critical juncture for different but interconnected reasons, and identifies the options that are available to them.
Welfare and Work in the Open Economy: Volume I: From Vulnerability to Competitivesness in Comparative Perspective
Title | Welfare and Work in the Open Economy: Volume I: From Vulnerability to Competitivesness in Comparative Perspective PDF eBook |
Author | Fritz W. Scharpf |
Publisher | OUP Oxford |
Pages | 420 |
Release | 2000-11-23 |
Genre | Political Science |
ISBN | 0191529001 |
In this ground-breaking, two-volume study of the adjustment of advanced welfare states to international economic pressures, leading scholars detail the wide variety of responses in twelve countries. Rejecting any notion of convergence to some kind of neo-liberal orthodoxy, they find that most countries have remained true to the basic features their postwar model as they have liberalized. Moreover, within differenct welfare-state constellations, while some countries are still struggling to adjust, others have reached a new sustainable equilibrium. Volume I presents comparative analyses of differences in countries' vulnerabilities and capabilities, the effectiveness of their policy responses, and the role of values and discourse in the politics of adjustment. Volume II presents in-depth analyses of the experiences of Australia, Austria, Belgium, Denmark, France, Germany, Italy, the Netherlands, New Zealand, Sweden, Switzerland and the United Kingdom as well as special studies on the participation of women in the labor market, early retirement, the liberalization of public services, and international tax competition.