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An introduction to global financial markets
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ISBN: 9781137497550 Year: 2016 Publisher: London Palgrave Macmillan

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Green Development in China : Models and Discussions
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ISBN: 9789811006937 Year: 2016 Publisher: Singapore Springer Singapore, Imprint: Springer

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China, New Zealand, and the Complexities of Globalization : Asymmetry, Complementarity, and Competition
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ISBN: 9781137516909 Year: 2016 Publisher: New York Palgrave Macmillan US :Imprint: Palgrave Macmillan

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The book examines the expansion of investment and trade between China and New Zealand, and its changing composition within the political framework, especially the 2008 Free Trade Agreement. Particular attention is paid to China’s volatile agrifood market, where New Zealand dairy products play an important role for both countries. The New Zealand-China economic relationship – asymmetrical and complementary, but with increasing competition from domestic production – is a case study of the complexities of globalization and the interplay of economic imperatives, political pressures and cultural factors. China is now New Zealand’s main economic partner and a major source of migrants, tourists and students. This proposed study on how New Zealand and China manage their grave dissimilarities and disparities in growing, ever close economic ties will be of interest to academics, policy analysts, economic/trade decision makers, and business practitioners.


Digital
Contemporary Issues in Microeconomics
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ISBN: 9781137529718 Year: 2016 Publisher: London Palgrave Macmillan UK :Imprint: Palgrave Macmillan

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With contributions from international scholars, this second volume by Joseph Stiglitz and Martin Guzman comprises of theoretical, empirical, and policy-based chapters which carefully utilize theory and data analysis. Part I focuses on the issues of global inequality, poverty measurement and security. Part II turns to the issue of income contingent loans (ICL), where the repayment in any year depends on the annual income of the individual. These loans have proven to be an especially effective way of financing higher education, but there has been experimentation of the use of these loans in several other areas.


Digital
Economic Activities Under the Japanese Colonial Empire
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ISBN: 9784431559276 Year: 2016 Publisher: Tokyo Springer Japan

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The main focus of this edited volume is an examination of dynamic relationships among Japan, Taiwan, Korea, and the northeastern region of China, and the economic development of each area in East Asia from the 1910s to the end of World War II. The development of foreign trade in East Asia, the relations between industrialization and consumption in Korea, the transactions in fertilizers and the development of small-scale industries in Taiwan are precisely examined. At present, East Asia is a major economic center of the world. It is necessary to look closely not only at both sides of the “exploitation or development under colonization” paradigm but also at the prewar factors that spurred East Asian economic growth in the postwar decades. A noteworthy characteristic of the Japanese colonial empire was the close economic and geographic relations among Japan, Taiwan, Korea, and the northeastern region of China. Economic integration within the empire strengthened considerably in the interwar years and remained high even during the war as compared to that in European countries and their colonies. What was the irreversible change in each colonial economy by means of forced incorporation into the Japanese empire? What was the impact on economic subjects such as merchants, manufacturers, managers, and workers through the colonial regime? This book provides readers with broad perspectives that are indispensable given that the factors discussed herein are the historical origins of current issues.


Digital
Green Development in China : Models and Discussions
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ISBN: 9789811006937 Year: 2016 Publisher: Singapore Springer Singapore, Imprint: Springer

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This book focuses on the key determinants of China’s sustainable development in the general context of globalization from an environmental perspective. The author presents expert analysis on China’s role in the world economy, trade openness, cross-border investments and sustainable development in China. Readers will gain an in-depth understanding of various important issues concerning China’s current and future environmentally sustainable development in this new era of globalization.


Digital
European Yearbook of International Economic Law 2016
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ISBN: 9783319292151 Year: 2016 Publisher: Cham Springer International Publishing

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Volume 7 of the EYIEL focusses on critical perspectives of international economic law. Recent protests against free trade agreements such as the Transatlantic Trade and Investment Partnership (TTIP) remind us that international economic law has always been a politically and legally contested field. This volume collects critical contributions on trade, investment, financial and other subfields of international economic law from scholars who have shaped this debate for many years. The critical contributions to this volume are challenged and sometimes rejected by commentators who have been invited to be “critical with the critics”. The result is a unique collection of critical essays accompanied by alternative and competing views on some of the most fundamental topics of international economic law. In its section on regional developments, EYIEL 7 addresses recent megaregional and plurilateral trade and investment agreements and negotiations. Short insights on various aspects of the Transpacific Partnership (TPP) and its sister TTIP are complemented with comments on other developments, including the African Tripartite FTA und the negotiations on a plurilateral Trade in Services Agreement (TiSA). Further sections address recent WTO and investment case law as well as recent developments concerning the IMF, UNCTAD and the WCO. The volume closes with reviews of recent books in international economic law.


Digital
Islamic Finance in the Light of Modern Economic Theory
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ISBN: 9781137286628 Year: 2016 Publisher: London Palgrave Macmillan UK :Imprint: Palgrave Macmillan

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This book provides researchers and students with an understanding of the basic legal tenets of the Islamic finance industry, studying the real economic effects of those tenets using the tools of the modern economic theory. Split into four parts, the book begins with an introduction to the history and a legal framework for Islamic banking, covering typical Islamic financial products such as Sukuk and Takaful and examining the structure of Islamic financial institutions. It then analyzes and discusses the Miller-Modigliani Theorem, which is of direct relevance to Islamic banks which are prohibited to charge interest and often have to rely of profit-loss sharing agreements. Part III of the book introduces the reader to modern mechanism design theory, paying particular attention to optimal contracting under hidden action and hidden information, and final part of the book applies the tools of economic theory to understand performance of Islamic financial institutions such as Islamic banks and Takaful operators. Islamic Finance in Light of Modern Economic Theory brings together all the necessary technical tools for analyzing the economic effects of Islamic frameworks and can be used as an advanced textbook for graduate students who wish to specialize in the area, as a reference for researchers and as a tool to help economists improve the design of Islamic financial institutions. .


Digital
Emerging economies during and after the great recession
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ISBN: 9781137485557 Year: 2016 Publisher: London Palgrave Macmillan UK :Imprint: Palgrave Macmillan

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The International Papers in Political Economy (IPPE) series explores the latest developments in political economy. This twelfth volume presents a collection of eight papers, analysing the emergence and economic problems of the emerging economies during and after the international financial crisis of 2007–8 and the subsequent Great Recession. The contributions range from an analysis of the international financial crisis of 2007–8 in general terms to an analysis of the same but concentrating on the emerging economies, before turning to groups of economies, Arab, African and Eastern European countries, and two relevant but individual countries, namely China and Turkey. This book offers students, scholars, researchers and policy-makers detailed analysis and informed commentary on the origins of the international financial crisis of 2007–8 and the great recession by focusing on its effect on emerging countries.


Digital
Global Growth and Financial Spillovers and the South African Macro-economy
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ISBN: 9781137512963 Year: 2016 Publisher: London Palgrave Macmillan UK :Imprint: Palgrave Macmillan

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To what extent is South Africa affected by G8 economies and BRIC growth shocks? This book identifies channels that amplify these shock effects, the relevance of third country transmission effects and the effects of the first and second rounds of US quantitative easing. The changing reactions of South African variables over time to financial shocks emanating from the US and selected countries in the Euro area, is presented. The book quantifies the effects of capital flow shocks, determines the counterfactuals of asset prices and economic growth variables, and compares the contribution of capital flows and domestic macro factors on asset prices. The effects of the exchange rate depreciation are contrasted to the decline in investment as key drivers of the trade balance. Stock market interdependence is determined amongst South African, Indian and Brazilian equities. The contributions of stock price returns and volatility on South African economic growth are contrasted. The authors construct a financial stress index for South Africa and determine how it amplifies shocks.

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