Fixing global finance / Martin Wolf

Public ISBD Titre : Fixing global finance : how to curb financial crises in the 21st century Type de document : texte imprimé Auteurs : Martin Wolf, Auteur Editeur : Yale University Press Année de publication : 2010 Importance : 230 p. Note générale : 02.01.WOL Langues : Anglais (eng) Catégories : Finances internationales Tags : Finance internationale  Politique financière:Crises financières  Libéralisation de la finance  Banques  Etats-Unis  Chine Index. décimale : 02.01 Finances Résumé : 'It is neither desirable nor feasible for the US to be the world's dominant borrower forever. Indeed it is absurd for the world economy's stability to depend on the willingness of the world's richest consumers to borrow ever more.' The globalisation of finance should have brought substantial benefits. In practice it brought a series of devastating currency and banking crises in the 1980s and 1990s, particularly in the developing world. The failure of advanced countries and of the IMF to rescue the damaged economies of Asia, Russia or Brazil taught those countries, and the emerging Chinese giant, an overwhelming lesson: never again. Emerging economies ceased importing capital, but by keeping their exchange rates down, running huge current account surpluses, recycling capital inflows and accumulating enormous foreign currency reserves, they began to export it on a vast scale. Since several advanced countries also ran large current account surpluses, to which the oil exporters added their own massive contributions in the mid-2000s, the US emerged as the spender and borrower of last resort. The US is the world's most creditworthy borrower. But as its external deficit exploded, so did the domestic borrowing of US households, stimulated by rising house prices. The result was the subprime mortgage crisis of 2007. The challenge ahead is to promote a financial system that makes fast-growing emerging economies comfortable as large-scale net importers of foreign capital. The key is to acknowledge that, in a world of adjustable currencies, international lending must be denominated in the currency of borrowers, not just in that of a few dominant advanced economies. Only by tackling imbalances in the international financial system is there a chance of global financial stability. Fixing global finance : how to curb financial crises in the 21st century [texte imprimé] / Martin Wolf, Auteur . - USA : Yale University Press, 2010 . - 230 p. 02.01.WOL Langues : Anglais (eng) Catégories : Finances internationales Tags : Finance internationale  Politique financière:Crises financières  Libéralisation de la finance  Banques  Etats-Unis  Chine Index. décimale : 02.01 Finances Résumé : 'It is neither desirable nor feasible for the US to be the world's dominant borrower forever. Indeed it is absurd for the world economy's stability to depend on the willingness of the world's richest consumers to borrow ever more.' The globalisation of finance should have brought substantial benefits. In practice it brought a series of devastating currency and banking crises in the 1980s and 1990s, particularly in the developing world. The failure of advanced countries and of the IMF to rescue the damaged economies of Asia, Russia or Brazil taught those countries, and the emerging Chinese giant, an overwhelming lesson: never again. Emerging economies ceased importing capital, but by keeping their exchange rates down, running huge current account surpluses, recycling capital inflows and accumulating enormous foreign currency reserves, they began to export it on a vast scale. Since several advanced countries also ran large current account surpluses, to which the oil exporters added their own massive contributions in the mid-2000s, the US emerged as the spender and borrower of last resort. The US is the world's most creditworthy borrower. But as its external deficit exploded, so did the domestic borrowing of US households, stimulated by rising house prices. The result was the subprime mortgage crisis of 2007. The challenge ahead is to promote a financial system that makes fast-growing emerging economies comfortable as large-scale net importers of foreign capital. The key is to acknowledge that, in a world of adjustable currencies, international lending must be denominated in the currency of borrowers, not just in that of a few dominant advanced economies. Only by tackling imbalances in the international financial system is there a chance of global financial stability.

The global war for internet governance / Laura Denardis  

Public ISBD Titre : The global war for internet governance Type de document : texte imprimé Auteurs : Laura Denardis, Auteur Editeur : Yale University Press Année de publication : 2014 Importance : 288 p Langues : Anglais (eng) Tags : Internet  Droits de l'homme  Liberté d'expression  Mondialisation  Informatique Index. décimale : 04.06 NTIC Résumé : Internet governance conflicts are the new spaces where political and economic power is unfolding in the twenty- fi rst century. Technologies of Internet governance increasingly mediate civil liberties such as freedom of expression and individual privacy. They are entangled with the preservation of national security and the arbitration of digital commerce and innovation. The diff use nature of Internet governance technologies is shifting historic control over these public interest areas from traditional nation- state bureaucracy to private ordering and new global institutions. Many of these governance functions are technically and institutionally complicated and therefore out of public view. Yet how conflicts over Internet governance are settled will determine some of the most important public interest issues of our time. En ligne : http://www.unesco.org/new/en/communication-and-information/resources/publication [...] The global war for internet governance [texte imprimé] / Laura Denardis, Auteur . - USA : Yale University Press, 2014 . - 288 p. Langues : Anglais (eng) Tags : Internet  Droits de l'homme  Liberté d'expression  Mondialisation  Informatique Index. décimale : 04.06 NTIC Résumé : Internet governance conflicts are the new spaces where political and economic power is unfolding in the twenty- fi rst century. Technologies of Internet governance increasingly mediate civil liberties such as freedom of expression and individual privacy. They are entangled with the preservation of national security and the arbitration of digital commerce and innovation. The diff use nature of Internet governance technologies is shifting historic control over these public interest areas from traditional nation- state bureaucracy to private ordering and new global institutions. Many of these governance functions are technically and institutionally complicated and therefore out of public view. Yet how conflicts over Internet governance are settled will determine some of the most important public interest issues of our time. En ligne : http://www.unesco.org/new/en/communication-and-information/resources/publication [...]

---

1 (1 - 2 / 2)