Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘voxeu’

A new paradigm for the introductory course in economics

Posted by hkarner - 9. September 2017

Research Professor and Director of the Behavioral Sciences Program, Santa Fe Institute

Professor of Economics, UCL; CEPR Research Fellow

Samuel Bowles, Wendy Carlin 07 September 2017, vox.eu

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Competition between government money and cryptocurrencies

Posted by hkarner - 4. August 2017

On the economics of currency competition

Professor of Economics, University of Pennsylvania

Jesús Fernández-Villaverde 03 August 2017, vox.eu

In 1976, Friedrich Hayek published a short pamphlet, The Denationalization of Money. Worried that political constraints in developed countries prevented central banks from tackling the high inflation at that time, he argued that money-issuing should be opened to market forces, and the government monopoly on the provision of means of exchange should be abolished. Hayek envisioned a system of private monies in which the forces of competition would induce banks to provide a stable means of exchange (Hayek 1999). Despite some attention (e.g. Salin 1984), for decades Hayek’s proposal was considered more a curiosity than a workable idea. Den Rest des Beitrags lesen »

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Capital accumulation, private property, and inequality in China, 1978-2015

Posted by hkarner - 21. Juli 2017

Thomas Piketty, Li Yang, Gabriel Zucman 20 July 2017, vox.eu

Between 1978 and 2015, China moved from a poor, underdeveloped country to the world’s leading emerging economy. Despite the decline in its share of world population, China’s share of world GDP increased from less than 3% in 1978 to about 20% by 2015 (Figure 1). According to official statistics, real national income per adult grew more than eightfold between 1978 and 2015. While the average national income per adult was approximately €120 per month in 1978 (expressed in 2015 euros), it exceeded €1,000 per month in 2015 (Figure 2).1 Den Rest des Beitrags lesen »

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The working class’s role in Trump’s election

Posted by hkarner - 9. Juni 2017

Caroline Freund 01 June 2017

Senior Fellow, Peterson Institute for International Economics

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Economic ideas you should forget

Posted by hkarner - 1. Juni 2017

Bruno Frey, David Iselin 26 May 2017, voxeu

Permanent Visiting Professor, University of Basel.

Researcher, KOF Swiss Economic Institute, ETH Zurich

Economics is a well-established discipline. Nowadays, students all over the world use similar introductory textbooks and learn the same type of methodology, theory and empirical techniques. There is indeed a great amount of consensus among academic economists. Den Rest des Beitrags lesen »

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Behavioural economics: What we know and how it could be mainstreamed

Posted by hkarner - 23. Mai 2017

Beryl Chang, Fabrizio Ghisellini 21 May 2017

Professor of Economics and Finance, ‎New York University

Director for Financial Operations, Ministry of the Economy and Finance, Italy

 

For example, the bursting of the dot-com bubble in 2000 came at the end of a period in which standard indicators, such as price-earnings ratios, were completely out of line with the predictions of efficient markets as depicted by what we will refer to as conventional economics. Den Rest des Beitrags lesen »

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Subsidiarity: The forgotten concept at the core of Europe’s existential crisis

Posted by hkarner - 19. April 2017

Jean-Pierre Danthine 12 April 2017, vox.eu

Associate member and President, PSE; CEPR Research Fellow; Emeritus Professor of Economics and Finance of the University of Lausanne

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New ICMB/CEPR Report: Bail-ins and Bank Resolution in Europe

Posted by hkarner - 23. März 2017

Thomas Philippon, Aude Salord

Professor of Finance, Stern School of Business, NYU and CEPR Research Affiliate

Droit & Croissance

 

22 March 2017, voxeu

Nine years since the Global Crisis of 2008 and two and a half years after the launch the banking union in November 2014, some European countries are still struggling with significant banking problems. The total amount of non-performing loans (NPLs) in the EU is around €1 trillion and its allocation is far from equal. The rates of non-performance range from less than 5% in strong countries to 16% in Italy, 20% in Portugal, and 45% in Greece and Cyprus (EBA 2016). More than a third of EU countries have NPL ratios above 10%. These non-performing legacy assets present a challenge for the newly created banking union.

This column introduces the 4th Special Report in the Geneva Reports on the World Economy series. Den Rest des Beitrags lesen »

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The great Chinese inequality turnaround

Posted by hkarner - 18. März 2017

Ravi Kanbur, Yue Wang, Xiaobo Zhang

T. H. Lee Professor of World Affairs, International Professor of Applied Economics and Management, Professor of Economics at Cornell University and CEPR Research Fellow

PhD student in Economics, Cornell University

Distinguished Chair Professor of Economics, National School of Development, Peking University; Senior Research Fellow, International Food Policy Research Institute

15 March 2017, voxeu

Alongside the spectacular growth and extraordinary reductions in poverty – perhaps the most dramatic in human history – the evolution of Chinese income inequality since the start of the reform process in 1978 has been a focus of interest among analysts and policymakers. Sharply increasing inequality became an integral part of the narrative on Chinese development, with some commentators arguing that this was the inevitable price to be paid for the high rates of growth, while others warned of the social consequences of these growing gaps. Den Rest des Beitrags lesen »

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In search of a European solution for banks’ non-performing loans

Posted by hkarner - 22. Februar 2017

It is no surprise to me that this guy is Italian! (hfk)

Marco Onado

Professor at Bocconi University, Milan and former Commissioner of the Italian public authority responsible for regulating the Italian securities market (CONSOB).

21 February 2017, voxeu

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