What is included with this book?
List of Tables | p. ix |
List of Diagrams | p. x |
List of Abbreviations | p. xi |
Acknowledgments | p. xv |
Introduction, Scope and Content | p. 1 |
Globalization, the World Economy and Growth | p. 7 |
Introduction | p. 7 |
Dimensions of the world economy | p. 7 |
Factors of economic growth | p. 11 |
Institutions and economic progress | p. 16 |
Summary | p. 19 |
The Official Institutions | p. 21 |
Introduction | p. 21 |
The G7 and the G10 | p. 22 |
The international financial institutions | p. 22 |
The World Trade Organization | p. 28 |
The central banks | p. 30 |
The UN | p. 43 |
Summary | p. 44 |
Private Institutions | p. 46 |
Introduction | p. 46 |
Commercial banks | p. 46 |
Investment banks | p. 48 |
Hedge funds | p. 59 |
Private equity | p. 64 |
Initial public offerings | p. 71 |
Summary | p. 76 |
Risk Management, World Trade, Foreign Investment and Finance | p. 78 |
Introduction | p. 78 |
Risk management | p. 78 |
Value at risk | p. 79 |
Credit risk models | p. 82 |
Stress tests | p. 95 |
World trade | p. 100 |
Financial flows and foreign exchange | p. 101 |
FDI, equities, securities and derivatives | p. 105 |
Summary | p. 108 |
The Theory of the State | p. 110 |
Introduction | p. 110 |
The first best of efficiency and satisfaction | p. 111 |
The theory of second best | p. 117 |
Applied welfare economics | p. 119 |
The public interest view | p. 125 |
The theory of public goods | p. 129 |
Imperfect information and regulation of finance | p. 131 |
Government failure | p. 133 |
Coase, transaction costs and property rights | p. 137 |
The new institutional economics | p. 139 |
The economic theory of regulation | p. 143 |
Rent-seeking and public choice | p. 147 |
The view of disclosure and regulation | p. 150 |
Summary | p. 155 |
International Exchange of Goods and Services | p. 157 |
Introduction | p. 157 |
The gains from trade | p. 157 |
Distortions | p. 162 |
Trade openness | p. 163 |
The political economy of trade | p. 170 |
Antidumping and safeguards | p. 174 |
Trade and employment | p. 178 |
Trade and wages | p. 188 |
Offshore employment | p. 192 |
Summary | p. 197 |
Conclusion | p. 199 |
Introduction | p. 199 |
The role of the state in IEFP | p. 199 |
Diversity of views | p. 202 |
International institutions | p. 203 |
Private institutions | p. 204 |
International trade | p. 206 |
Notes | p. 207 |
References | p. 209 |
Index | p. 226 |
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