This article was downloaded by: [University of Southampton Highfield] On: 15 March 2013, At: 09:07 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK Post-Communist Economies Publication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/cpce20 Debt sustainability in the EU New Member States: empirical evidence from a panel
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Macroeconomics The Phillips Curve 24/11/2014 William Phillips, a New Zealand born economist, wrote a paper in 1958 titled The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 18611957, which was published in the quarterly journal Economica. In the paper Phillips describes how he observed an inverse relationship between money wage changes and unemployment in the British economy over the period examined. Wikipedia Table of contents
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Negative Impact of Economic Recession By Tejvan Pettinger on September 11, 2012 in economics A recession means a fall in GDP / national output. A recession will typically be characterised by high unemployment, falling average incomes, increased inequality and higher government borrowing. The impact of a recession depends on how long it lasts and the depth of the fall in output. The great recession of 2008-12 has shown many of the negative impacts of recession. Unemployment Not everyone is
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Euro bonds and International bonds Debt investments that are issued in a country by a non-domestic entity. International bonds are issued in countries outside the United States, in their native country's currency. They pay interest at specific intervals, and pay the principal amount back to the bond's buyer at maturity. International bonds include eurobonds, foreign bonds and global bonds. A different type of international bond is the Brady bond, which is issued in U.S. currency. Brady bonds are
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indebted countries have used in the past to extricate themselves from excessive debt are not feasible. For example, the time-honored solution of printing money and escaping debt via inflation is unavailable to the PIIGS, because they are trapped in the eurozone straitjacket. The only institution that can crank up the printing press is the European Central Bank, and it will never resort to monetization of fiscal deficits. Nor can we expect rapid GDP growth to save these countries. The PIIGS' debt burden
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| Global Governance | Challenges to Deepening Multilateral Cooperation | | | | This paper seeks to assess the rise of global governance by briefly discussing some pressing issues in the contemporary global economy and assessing issues which prevent deeper multilateral cooperation. | Introduction World War I proved that the governance of international relations was insufficient. The League of Nations was then created in an ambitious attempt to construct a global order. However
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Telecom Italia Telecom Italia is the largest Italian telecommunications company, also active in the media and manufacturing industries. Now a private company listed on both “the Borsa Italiana”(the Italian stock market) and NYSE, it was founded in 1994 by the merger of several state-owned telecommunications companies. In addition to its domestic leading position, the Group has a significant presence in Latin America, a market with large growth potential. Revenues from Brazil and Argentina count
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consumption and investment expire, not to mention, when the world’s biggest economy begins to feel the influence of stagnation on this side of the Atlantic. There is another way of looking at the crisis. We are inhabiting a world of the living dead: a eurozone which will not collapse, but cannot be reformed; banks that are kept going by colossal amounts of electronically generated cash, yet cannot lend; people with homes that are worth no more than they paid for them, although they are able to stay put
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Global Economic Perspectives Exam II Objective List BASIC CONCEPTS * Exchange Rate Risk * Selling dollar-denominated bonds but not having dollar-denominated sales * China’s real estate bubble * How to avoid: * Currency swaps * Future markets * Currency pegs * Setting the currency equal to a specified value * What factors determine exchange rates (pegging and managed floats) * High interest rates Appreciation &
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This article was downloaded by: [Loughborough University] On: 26 March 2015, At: 11:27 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK Public Money & Management Publication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/rpmm20 How the UK government responded to the fiscal crisis: an outsider's view Walter Kickert
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