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"Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It...
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"Debt as power is a timely and innovative contribution to our understanding of one of the most prescient issues of our time: the explosion of debt across the global economy and related requirement of political leaders to pursue exponential growth to meet the demands of creditors and investors
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Economic theory generally supports the idea that judicial independence, and, more generally, high quality courts, facilitate economic growth. Good, independent courts enforce contracts and protect property, and by doing so encourage the investment which is crucial for economic development....
Persistent link: https://www.econbiz.de/10014059882
Profitrate werden abgeleitet und die langfristigen Wirkungen auf das gleichgewichtige Verhältnis von Verschuldung und … Verschuldung zum Kapitalstock. Falls die Bedingungen für kurzfristig "normale" Reaktionen auf Zinsänderungen erfüllt sind, dann ist … die Ökonomie jedoch durch ein langfristig instabiles Verhältnis der Verschuldung zum Kapitalstock sowie durch das …
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There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
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Developing countries with considerable mineral reserves might be expected to have fewer problems with debt-servicing than other developing countries lacking these resources. In fact, during the past decade a not insignificant number of the former had to apply for a rescheduling of their foreign...
Persistent link: https://www.econbiz.de/10011554748
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