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In the context of a developing country such as India and of the global commitment to limit the temperature rise, this book provides a comprehensive and novel approach on framing the low carbon development pathways. Data plays a critical role in accurate assessment so it...
Extroverted Financialization offers a new account of the Americanization of global finance through the concept of 'extroverted financialization'. The study presents German banks as active participants of financialization, demonstrating how deeply entangled they were...
This Element brings together the problems of economic calculation, institutional diversity, and institutional feasibility, arguing that these themes are deeply interconnected and mutually reinforcing. Building on recent developments in institutional theory, political...
The datafication of digital reality and the diffusion of increasingly powerful AI systems have transformed the context within which diversification takes place, resulting in new realities for firms and necessitating new organizational capabilities. Building on their own...
Rising inequality in advanced economies is a global challenge and a major factor behind the current wave of geo-political disruption. It has been driven by a polarisation between regions which are creating wealth and benefitting from wealth creation, and those left...
In an era marked by new challenges – from trade wars and sanctions, to supply chain disruptions and political instability – understanding the relationship between geopolitics and business is more crucial than ever. How are companies impacted and why should they care?...
The CEOs of Britain's largest companies wield immense power, but we know very little about them. How did they get to the top? Why do they have so much power? Are they really worth that exorbitant salary? Michael Aldous and John Turner provide the answers by telling the...
From Decision Theory to Game Theory shows how the reasoning patterns of common belief in rationality, correct beliefs and symmetric beliefs can be defined in a unified way. It explores the link between decision theory and game theory, particularly how various important...
This Element derives subjective poverty lines for seven Latin American countries based on a Minimum Income Question included in household expenditure surveys. It compares poverty incidence under the subjective and objective approach, finding subjective poverty is larger...
Financial infrastructures are the lifeblood of political economies and are consistently considered critical by governments. They encapsulate socio-technical processes; not merely cables and computer servers, but the relationship of those in finance to these and other...
In Stratification Economics and Disability Justice, Adam Hollowell and Keisha Bentley-Edwards explore how the work of Black disabled activists can and should inform economic analysis of inequality in the United States. Presenting evidence of disability-based inequality...
This Element is about agent-based macroeconomics in general, and in particular about a family of evolutionary, agent-based models (ABMs), which are called 'Schumpeter meeting Keynes' (or K+S). The K+S models knit together 'Schumpeterian' endogenous processes of...
The reform of the international financial and tax systems has been at the center of global debates in recent years –in the United Nations, the World Bank, the International Monetary Fund, the OECD and the G20.The fourth United Nations Conference on Financing for...
Historians explain the eighteenth-century origin of European colonialism in Asia either with the profile of the merchants or an argument about uneven power. This Element suggests that the environment was an important factor, too. With India (1600-1800) as the primary...
A comprehensive coursebook that combines the study of three key aspects of banking: the role of banks in an economy, the need for banking regulations and regular bank management practices. The book begins with explanations of the basics of functions of banks and...
The Russian invasion of Ukraine came on the heels of a series of crises that tested the resilience of the EU as a compound polity and arguably reshaped European policymaking at all levels. This Element investigates the effects of the invasion on public support for...
International investments yield returns in the forms of multinational profits, dividends and interest on equity and debt, and the charges on bank loans. These payments are recorded in the current account of the balance of payments and constitute a significant component...
It is difficult to imagine a more heinous crime than the sexual abuse of children. Yet, terrifyingly, a new case of child sexual abuse is reported every seven minutes. In response to this crisis, self-appointed groups of citizens are fashioning themselves as 'paedophile...
Financial Econometrics is a contribution to modern financial econometrics, overviewing both theory and application. It covers, in detail, three important topics in the field that have recently drawn the attention of the academic community and practitioners, with...
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