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India Is Broken
A provocative new account of how India moved relentlessly from its hope-filled founding in 1947 to the dramatic economic and democratic breakdowns of today. When Indian leaders first took control of their government in 1947, they proclaimed the ideals of national unity and secular democracy. Through the first half century of nation-building, leaders could point to uneven but measurable progress on key goals, and after the mid-1980s, dire poverty declined for a few decades, inspiring declarations of victory. But today, a vast majority of Indians live in a state of underemployment and are one crisis away from despair. Public goods—health, education, cities, air and water, and the judiciaryâ€...
India, Industrialisation in a Reforming Economy
Kosaraju Leela Krishna, b. 1935, Indian economist; contributed articles.
War in Europe?
In this highly provocative and documented book, Thibault Muzergues describes how war in Europe is now more likely than it has been for at least the past 30 years, how it might come back to Europe and what Europeans can do to avoid getting drawn again in fratricide conflicts. Many consider Europe a continent of peace, with NATO guaranteeing its security and the EU providing the political glue for a Europe Whole and Free. But what if this was not the case anymore? What if, after a decade of crisis, today’s Europe was much more fragile than we thought? The author challenges our assumptions about peace in Europe and forces us to face the realities of a world that has become much more dangerous. Far from being apocalyptic, this book serves as an advance warning to the dangers, both internal and external that are now closing in on Europe – and suggests solutions to avoid them. This book will be key reading for those interested in European politics and history, the European Union, security, and strategic studies, and more broadly to current affairs and international relations.
Dollars, Debt, and Deficits
This book examines the challenges facing the international monetary and financial system, as well as the future role of the Bretton Woods institutions in addressing those challenges. The volume is based on the proceedings of a 2004 conference cosponsored by the Banco de Espana and the International Monetary Fund to commemorate the 60th anniversary of the Bretton Woods meetings in July 1944. The chapters look at global imbalances, exchange rate issues, debt in emerging economies, and innovations in private and multilateral lending.
Government at Risk
Many governments have faced serious instability as a result of their contingent liabilities. But conventional public finance analysis and institutions fail to address such fiscal risks. This book aims to provide motivation and practical guidance to governments seeking to improve their management of fiscal risks. The book addresses some of the difficult analytical and institutional challenges that face reformers tooling up to manage government fiscal risks. It discusses the inadequacies of conventional practices as well as recent advances in dealing with fiscal risk.
Colin Murphy's Political Plays
The first collected play anthology from Irish dramatist Colin Murphy which tells the 100 year history of Ireland through stirring and original drama.
The Role of IMF Support in Crisis Prevention
This paper examines the role of IMF-supported programs in crisis prevention; specifically, whether, conditional on an episode of intense market pressures, IMF financial support helps prevent a capital account crisis from developing and, if so, through what channels. In doing so, the paper distinguishes between the seal of approval inherent in IMF support and its financing, evaluates the interaction of IMF support with economic policies, and assesses whether IMF financing has a different impact on the likelihood of a crisis than other forms of liquidity. The main result is that IMF financing helps prevent crises through the liquidity provided (i.e., money matters). However, since the effect holds even after controlling for (gross) foreign exchange reserves, stronger policies and the seal of approval under an IMF supported program must also play a role. Finally, the results suggest that IMF financing as a crisis prevention tool is most effective for an intermediate range of economic fundamentals.
