A collection of 71 poems by Korean author Taejoon Moon, these selected works bring a deeper meaning to the ordinary aspects of everyday life through Moon’s keen observations of his surroundings combin
The 'shadow banking system' refers to a system of credit-provision occurring outside of the official regulatory perimeter of commercial banks. Facilitated by securitization vehicles, mutual funds, hedge funds, investment banks and mortgage companies, the function and regulation of these shadow banking institutions has come under increasing scrutiny after the subprime crisis of 2007–8. Matthias Thiemann examines how regulators came to tolerate the emergence of links between the banking and shadow banking systems. Through a comparative analysis of the US, France, the Netherlands and Germany, he argues that fractured domestic and global governance systems determining the regulatory approach to these links ultimately aggravated the recent financial crisis. Since 2008, shadow banking has even expanded and the incentives for banks to bend the rules have only increased with increasing regulation. Thiemann's empirical work suggests how state-finance relations could be restructured to keep the
The 'shadow banking system' refers to a system of credit-provision occurring outside of the official regulatory perimeter of commercial banks. Facilitated by securitization vehicles, mutual funds, hedge funds, investment banks and mortgage companies, the function and regulation of these shadow banking institutions has come under increasing scrutiny after the subprime crisis of 2007–8. Matthias Thiemann examines how regulators came to tolerate the emergence of links between the banking and shadow banking systems. Through a comparative analysis of the US, France, the Netherlands and Germany, he argues that fractured domestic and global governance systems determining the regulatory approach to these links ultimately aggravated the recent financial crisis. Since 2008, shadow banking has even expanded and the incentives for banks to bend the rules have only increased with increasing regulation. Thiemann's empirical work suggests how state-finance relations could be restructured to keep the
Illicit work, social security fraud, economic crime and other shadow economy activities are fast becoming an international problem. This second edition uses new data to reassess currency demand and the model approach to estimate the size of the shadow economy in 151 developing, transition, and OECD countries. This updated edition argues that during the 2000s the average size of the shadow economy varied from 19 per cent of GDP for OECD countries, to 30 per cent for transition countries, to 45 per cent for developing countries. It examines the causes and consequences of this development using an integrated approach to explain deviant behaviour that combines findings from economic, sociological, and psychological research. The authors suggest that increasing taxation and social security contributions, rising state regulatory activities, and the decline of the tax morale are all driving forces behind this growth, and they propose a reform of state public institutions in order to improve t
Illicit work, social security fraud, economic crime and other shadow economy activities are fast becoming an international problem. This second edition uses new data to reassess currency demand and the model approach to estimate the size of the shadow economy in 151 developing, transition, and OECD countries. This updated edition argues that during the 2000s the average size of the shadow economy varied from 19 per cent of GDP for OECD countries, to 30 per cent for transition countries, to 45 per cent for developing countries. It examines the causes and consequences of this development using an integrated approach to explain deviant behaviour that combines findings from economic, sociological, and psychological research. The authors suggest that increasing taxation and social security contributions, rising state regulatory activities, and the decline of the tax morale are all driving forces behind this growth, and they propose a reform of state public institutions in order to improve t
The tale of Paul Stoller's sojourn among sorcerors in the Republic of Niger is a story of growth and change, of mutual respect and understanding that will challenge all who read it to plunge deeply i
"Hope is like the sun, which, as we journey toward it, casts the shadow of our burden behind us."--Samuel Smiles.In 365 daily meditations, here is spiritual and psychological guidance through the
The passing of the age of the dinosaurs allowed mammals to become ascendant. But mammals have a much deeper history. They - or, more precisely, we - originated around the same time as the dinosaurs, over 200 million years ago; mammal roots lie even further back, some 325 million years.Over these immense stretches of geological time, mammals developed their trademark features: hair, keen senses of smell and hearing, big brains and sharp intelligence, fast growth and warm-blooded metabolism, a distinctive line-up of teeth (canines, incisors, premolars, molars), mammary glands that mothers use to nourish their babies with milk, qualities that have underlain their success story. Out of this long and rich evolutionary history came the mammals of today, including our own species and our closest cousins. But today's 6,000 mammal species - the egg-laying monotremes including the platypus, marsupials such as kangaroos and koalas that raise their tiny babies in pouches, and placentals like us, w
This book applies the conceptual framework of Douglass C. North, John Joseph Wallis and Barry R. Weingast's Violence and Social Orders (Cambridge University Press, 2009) to nine developing countries. The cases show how political control of economic privileges is used to limit violence and coordinate coalitions of powerful organizations. Rather than castigating politicians and elites as simply corrupt, the case studies illustrate why development is so difficult to achieve in societies where the role of economic organizations is manipulated to provide political balance and stability. The volume develops the idea of limited-access social order as a dynamic social system in which violence is constantly a threat and political and economic outcomes result from the need to control violence rather than promoting economic growth or political rights.
This book applies the conceptual framework of Douglass C. North, John Joseph Wallis and Barry R. Weingast's Violence and Social Orders (Cambridge University Press, 2009) to nine developing countries. The cases show how political control of economic privileges is used to limit violence and coordinate coalitions of powerful organizations. Rather than castigating politicians and elites as simply corrupt, the case studies illustrate why development is so difficult to achieve in societies where the role of economic organizations is manipulated to provide political balance and stability. The volume develops the idea of limited-access social order as a dynamic social system in which violence is constantly a threat and political and economic outcomes result from the need to control violence rather than promoting economic growth or political rights.
This book describes and analyses developments in the Israeli economy from 1995 to 2017. During this period, inflation was vanquished, the deficit in the balance of payments turned into a surplus, the public debt to GDP ratio sharply decreased, and unemployment has declined to an historical low. Nevertheless, the economy still suffers from many maladies: the productivity level is among the lowest in the developed world, and inequality has generally been on the rise. In the face of these threats to future growth and social cohesiveness, the question arises: has the reliance on market forces gone too far, and has the government retreated from its traditional tasks, tasks the private sector cannot (or does not) perform.
This book describes and analyses developments in the Israeli economy from 1995 to 2017. During this period, inflation was vanquished, the deficit in the balance of payments turned into a surplus, the public debt to GDP ratio sharply decreased, and unemployment has declined to an historical low. Nevertheless, the economy still suffers from many maladies: the productivity level is among the lowest in the developed world, and inequality has generally been on the rise. In the face of these threats to future growth and social cohesiveness, the question arises: has the reliance on market forces gone too far, and has the government retreated from its traditional tasks, tasks the private sector cannot (or does not) perform.
During the twentieth century, child care policy in British Columbia matured in the shadow of a persistent political uneasiness with working motherhood. Charting the growth of the child care movement i
The aftermath of the Civil War saw the Ku Klux Klan founded as a white supremacist insurgency of former Confederate rebels. But the Klan saw its greatest growth in the first decades of the 20th centu
How a vast network of shadow credit financed European growth long before the advent of bankingPrevailing wisdom dictates that, without banks, countries would be mired in poverty. Yet somehow much of E
With a mature and accomplished voice, this novel explores the growth in presence of radical Islam within the Caribbean. Under the shadow of corporate imperialism, complete with disenfranchised islande
In the shadow of the global business cycle, the Chinese economy will face severe headwinds in 2016. Meanwhile, a lot of new industries and new growth engines have been fostered in the Chinese economy,
In this book Dr Woodall analyses the political implications of the pursuit of industrial growth for the authority of the Polish United Workers' Party. She argues that political constraints on the available options for economic reform have encouraged a policy of merger of industrial enterprises into large `corporate' units since 1958. Although they are only a shadow of their Western counterparts, these socialist corporations' nevertheless pose considerable problems for the role of a Marxist-Leninist party in industry. While this does not manifest itself in the emergence of a clearly identifiable 'technocratic' class of managers challenging the legitimacy of the Party, it does involve difficulties caused by an increasingly 'technicist' ethos of industrial management which eschews the possibility of meaningful workforce participation. Dr Woodall thus shows how the over-zealous pursuit of industrial integration and concentration in the 1970s was, despite attempts by the Polish United Worke
