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Author: Enrico C. Perotti Publisher: Centre for Economic Policy Research ISBN: 9781898128717 Category : Economic stabilization Languages : en Pages : 44
Book Description
On 17 August 1998 Russia abandoned its exchange rate regime, defaulted on its domestic public debt and declared a moratorium on banks' foreign liabilities. This was equivalent to an outright default. The depth and speed of the Russian meltdown shocked the international markets and precipitated a period of serious financial instability. There are important lessons to be learned from this episode on issues of bank supervision and international stability. Enrico Perotti locates the underlying cause of the crisis in the structure of individual incentives in a context of capture of state decisions by special interests. The author concludes with a radical policy proposal for a stable banking system for Russia, based on a segmented, narrow banking sector, concentration on commercial banking and a cautious extension of deposit insurance.
Author: Enrico C. Perotti Publisher: Centre for Economic Policy Research ISBN: 9781898128717 Category : Economic stabilization Languages : en Pages : 44
Book Description
On 17 August 1998 Russia abandoned its exchange rate regime, defaulted on its domestic public debt and declared a moratorium on banks' foreign liabilities. This was equivalent to an outright default. The depth and speed of the Russian meltdown shocked the international markets and precipitated a period of serious financial instability. There are important lessons to be learned from this episode on issues of bank supervision and international stability. Enrico Perotti locates the underlying cause of the crisis in the structure of individual incentives in a context of capture of state decisions by special interests. The author concludes with a radical policy proposal for a stable banking system for Russia, based on a segmented, narrow banking sector, concentration on commercial banking and a cautious extension of deposit insurance.
Author: Egor Timurovich Gaĭdar Publisher: ISBN: Category : Business & Economics Languages : en Pages : 360
Book Description
The USSR sowed the seeds of its own economic destruction. The author uses world history, the Soviet experience, and economic analysis to demonstrate why swimming against this tide of history would be a huge mistake.
Author: Dmitry Orlov Publisher: New Society Publishers ISBN: 1550924753 Category : Political Science Languages : en Pages : 209
Book Description
A guide to the decline of the American empire for individuals, families and communities The United States is in steep decline. Plagued by runaway debt, a shrinking economy, and environmental catastrophes to rival Chernobyl, the United States has been retracing the trajectory of the Soviet Union in the early 1980s toward national bankruptcy and political dissolution. By comparing a collapse that has run its course to one that is now unfolding, Dmitry Orlov holds a unique lens up to America's present and future. As Orlov's predictions continue to come true, his writing continues to gain mainstream acceptance. This revised and updated edition of Reinventing Collapse examines the circumstances of the demise of the Soviet superpower and offers clear insights into how we might prepare for the events that are unfolding here. Orlov gives no quarter to prophets of doom and gloom, finding plenty of room for optimism, if only we focus our efforts on personal and cultural transformation instead of trying to perpetuate an impossible status quo. This challenging yet inspiring and surprisingly upbeat work is a must-read for anyone concerned about peak oil, the environment, geopolitics, international relations, and life in a resource-constrained world. Dmitry Orlov is an American engineer who was an eyewitness to the Soviet collapse and has written extensively on the subject of the impending collapse of the United States.
Author: David Lochbaum Publisher: New Press, The ISBN: 1620971186 Category : Technology & Engineering Languages : en Pages : 350
Book Description
“A gripping, suspenseful page-turner” (Kirkus Reviews) with a “fast-paced, detailed narrative that moves like a thriller” (International Business Times), Fukushima teams two leading experts from the Union of Concerned Scientists, David Lochbaum and Edwin Lyman, with award-winning journalist Susan Q. Stranahan to give us the first definitive account of the 2011 disaster that led to the worst nuclear catastrophe since Chernobyl. Four years have passed since the day the world watched in horror as an earthquake large enough to shift the Earth's axis by several inches sent a massive tsunami toward the Japanese coast and Fukushima Daiichi nuclear power plant, causing the reactors' safety systems to fail and explosions to reduce concrete and steel buildings to rubble. Even as the consequences of the 2011 disaster continue to exact their terrible price on the people of Japan and on the world, Fukushima addresses the grim questions at the heart of the nuclear debate: could a similar catastrophe happen again, and—most important of all—how can such a crisis be averted?
Author: Piroska Mohácsi Nagy Publisher: Edward Elgar Publishing ISBN: 9781781959374 Category : Business & Economics Languages : en Pages : 168
Book Description
An analysis in political-economic terms of how certain groups of the managerial-banker elite in Russia grab power and wealth to a highly unusual degree in modern history. The book draws together various pieces of evidence to offer a convincing overall picture.
Author: Elena Borisovna Burlakova Publisher: ISBN: 9781613245163 Category : Chernobyl Nuclear Accident, Chornobyl£, Ukraine, 1986 Languages : en Pages : 0
Book Description
It has been twenty-five years now since the accident occurred at the Chernobyl nuclear power plant. In the early days after the disaster, it was difficult to assume that its aftermath would make itself felt after a quarter of a century. Numerous studies in Ukraine, Belarus and Russia have shown that the morbidity of a number of diseases among the exposed population, liquidators and children residing in the contaminated areas has increased several times after the accident. Particular attention is drawn to health conditions of the children who were exposed to radiation and the children of liquidators who also demonstrate ill health. This book examines the need for further development of radiobiological and radioecological research, increase in the availability of methods, development of novel theoretical risk models and new approaches to investigating into the complex processes that occur at present and are expected in the future.
Author: Joshua Aizenman Publisher: Cambridge University Press ISBN: 1139446940 Category : Business & Economics Languages : en Pages : 615
Book Description
Economic volatility has come into its own after being treated for decades as a secondary phenomenon in the business cycle literature. This evolution has been driven by the recognition that non-linearities, long buried by the economist's penchant for linearity, magnify the negative effects of volatility on long-run growth and inequality, especially in poor countries. This collection organizes empirical and policy results for economists and development policy practitioners into four parts: basic features, including the impact of volatility on growth and poverty; commodity price volatility; the financial sector's dual role as an absorber and amplifier of shocks; and the management and prevention of macroeconomic crises. The latter section includes a cross-country study, case studies on Argentina and Russia, and lessons from the debt default episodes of the 1980s and 1990s.
Author: Peter Montiel Publisher: Routledge ISBN: 1134601042 Category : Business & Economics Languages : en Pages : 365
Book Description
Financial crises are dramatic events. When they emerge, they tend to dominate the attention of the press and become the focus of policymakers. In one form or another, they have affected the lives of millions of people throughout the world. As references to 16th century Dutch tulips, 18th South Seas merchant ventures, or 1920s Florida real estate make clear, they have been around for a long time. At their worst, such as in the cases of the Great Depression or the current Great Recession, their effects have been felt worldwide, with the number of people affected counted into the billions. They have at times changed the course of history. This book analyses ten of the most important financial crises of the last thirty years. The specific crises covered in the book are the 1982 Chilean crisis, the 1992 ERM crisis, the 1994 Mexican crisis, the 1997 Asian crisis, the 1998 Russian crisis, the 1999 Brazilian crisis, the 1999 Ecuadorian crisis, the 2000 Turkish crisis, the 2002 Argentine crisis, and the 2008 crisis in Iceland. The set includes the most important emerging-market crises of the last three decades as well as two particularly informative advanced-country crises, the ERM crisis of 1992 and the Icelandic crisis of 2008. A separate chapter is devoted to each crisis, and a brief concluding chapter sums up some of the key lessons that I believe that we can draw from these events.
Author: James Clay Moltz Publisher: Taylor & Francis ISBN: 1351909088 Category : Business & Economics Languages : en Pages : 271
Book Description
In this important volume, a group of leading US and Russian policy experts - drawing on extensive interviews with officials, facility personnel and analysts in Russia's regions - explores the intersecting problems of Russian nuclear insecurity and decentralization, including the growing influence of regional political and economic forces.
Author: Enrico C. Perotti
Author: Enrico C. Perotti
Author: Egor Timurovich Gaĭdar
Author: Enrico Perotti
Author: Dmitry Orlov
Author: David Lochbaum
Author: Piroska Mohácsi Nagy
Author: Elena Borisovna Burlakova
Author: Joshua Aizenman
Author: Peter Montiel
Author: James Clay Moltz