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Central banks were not always as ubiquitous as they are today. Their functions were circumscribed, their mandates ambiguous, and their allegiances once divided. The inter-war period saw the establishment of twenty-eight new central banks – most in what are now called...
The main goal of this Element is to provide a psychological explanation for why actual global climate policy is so greatly at odds with the prescriptions of most neoclassical economists. To be sure, the behavioral approach does focus on why neoclassical models are often...
Can waged work under capitalism be meaningful? How does this meaningfulness express itself in the politics of working life? More fundamentally, how should work be socially and economically valued, rewarded, organised and regulated to become more meaningful? Knut Laaser...
All businesses operate under a set of rules – laws and regulations – that occasionally require updating. Improving these 'rules of the competitive game' can, sometimes, be vital for a business or industry to survive. Strategy Beyond Markets explains how the rules of the...
Distributed Ledger Technology (DLT) is a way of managing, storing, and sharing information over a distributed network. The position of DLT in banking can be seen as controversial as it is a rapidly evolving technology with both potential benefits and challenges. The...
What would a sustainable economy look like?What would it take to live within our environmental means? Legacy answers these and other questions, setting out the key features of the sustainable economy. It explains what it would take to properly maintain different types...
Despite strong interest in the role of institutions; methods of operation, underlying political forces and their precise nature are still misunderstood. Partial analysis of specific aspects of public interventions simplified historical examples, or rough cross-country...
Virtually all journal articles in the factor investing literature make associational claims, in denial of the causal content of factor models. Authors do not identify the causal graph consistent with the observed phenomenon, they justify their chosen model specification...
Interest in issues surrounding sustainable production-consumption systems and alternatives to fossil fuels is booming. The circular bioeconomy is currently mainstreamed in policy-making, industry and academia as an important part of the solution to the climate crisis...
While large literatures have separately examined the history of the environmental movement, government planning, and modern economics, Pricing the Priceless triangulates on all three. Offering the first book-length study of the history of modern environmental economics,...
War reparations have been large and small, repaid and defaulted on, but the consequences have almost always been significant. Ever since Keynes made his case against German reparations in The Economic Consequences of the Peace, the effects of transfer payments have been...
This is an intermediate-level macroeconomics textbook for undergraduate students who wish to gain some exposure to the Chinese economy while learning macroeconomics. And this is a truly "intermediate-level" textbook since it provides a calculus treatment of the standard...
Frontline crisis response is challenging. Emergency responders, soldiers, and humanitarian aid workers all operate at the frontlines of threatening, uncertain crisis situations on a daily basis. Under intense pressure, they need to make a range of difficult decisions:...
This Element provides an in-depth analysis of the role of women's ownership of and access to land in sub-Saharan Africa (SSA) in determining gender equality and women's economic and social outcomes and gives suggestions to inform effective gender-sensitive land...
Virtual economic transactions have radically transformed the way we think about trade and markets in closed and open economies. Continuous decline in costs of information and communications and setting up of phenomenally large number of virtual platforms have brought in...
Spanning the economics of the fine arts, performing arts, and public policy, this updated classic is the go-to resource for navigating today's creative industries. Building on real-world data, engaging case studies, and cutting-edge research, it prepares students for...
One of the key features of modern economic growth is the process of structural transformation, which is the movement of workers from agriculture to manufacturing and services. In this study, the author identifies different routes to structural transformation that we see...
A comprehensive modern introduction to risk and portfolio management for quantitatively adept advanced undergraduate and beginning graduate students who will become practitioners in the field of quantitative finance. With a focus on real-world application, but providing...
Mainstream macroeconomics is founded on the idea of perfectly rational representative agents. Yet there is a growing realization that economic theories based on such agents are inadequate guides to real-world decision making. The behavioural evidence has had significant...
In today's highly competitive global economy, it is said that most managers are - or soon will be - global managers. Whether they work abroad or in their home country, their work is influenced by global events and people from different cultural backgrounds. Success...
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