Sweden’s Bank Nationalisations
Are there lessons for today?
Fredrik Erixon
Pages 1 - 12
Many banks are on the verge of bankruptcy and have received support from the government to stay afloat. Measures taken have not sufficed, and an increasing number of economists and commentators are calling for the nationalisation of banks in the United Kingdom and United States. In their advocacy, t ... Read more
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The Oil-producing Gulf States, the IMF and the International Financial Crisis
Bessma Momani
Pages 13 - 24
As the finance-strapped International Monetary Fund (IMF) was placed at the centre of coordinating funding and offering ideas to navigate out of the international financial crisis, it became clear that the international community needed to reinvigorate the emerging market economies’ role in the orga ... Read more
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The Institutional Framework of the Gulf Central Bank
Nasser H. Saidi & Fabio Scacciavillani
Pages 25 - 44
This paper discusses the viable alternatives for a suitable institutional and governance framework for the policymaking body presiding over the GMU. The authors review a series of alternatives, from the simplest one (i.e. a governors’ council formed by the governors of the national central banks and ... Read more
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The World Financial Crisis
New economy, globalisation and old-fashioned philosophy
F. Gerard Adams
Pages 45 - 58
The world financial crisis of 2008 is a consequence of new financial technologies, new accounting methods and new international linkages. These developments have come at a time when governments have returned to an old-fashioned free market philosophy. This paper links the systemic financial/economic ... Read more
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Economists and Climate Science: A Critique
David Henderson
Pages 59 - 90
This paper presents a critique of the characteristic treatment by economists of climate science, which appears as over-presumptive and uncritical. While the paper draws on a range of illustrative cases, the main focus is on six recent and important contributions. The present author argues that the a ... Read more
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A Question of Fudge
Professor Nordhaus on climate change and mitigation policy
Mohammed H.I. Dore
Pages 91 - 106
This paper is an outline and critique of William Nordhaus’ book A Question of Balance (2008), in which he proposes his optimal policy for dealing with global climate change. Nordhaus finds that the proposals of the Stern Review and that of Al Gore are inefficient and costly. The critique of Nordhaus ... Read more
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How Much Would it Cost to Avoid Climate Change?
Bryan Buckley & Sergey Mityakov
Pages 107 - 150
This paper summarises various estimates of the costs of mitigation of the adverse impact of climate change. It finds that the differences in the estimated impacts on gross domestic product, consumption, employment, and gasoline, electricity and natural gas prices are driven mainly by the following f ... Read more
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Commentary
The Banking Crisis and Inequality
Tim Lankester
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The Dangers of Déjà Vu Economics
Graham Bird
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The Great Moderation and the New Business Cycle
Ann Spehar
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Book Review
Charles Goodhart on Jean-Charles Rochet, Why Are There So Many Banking Crises? The Politics and Policy of Bank Regulation
Pages 181 - 184
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