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Definition
| euromarkets, petrodollars, 1980s |
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Definition
| euromarkets, syndicated loans, rescheduling |
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Definition
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Definition
| SAPs (rescheduling) Moral Hazard, shifting conditionality |
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Definition
| within congress, cleavages |
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Definition
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Term
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Definition
staff, banks and G5 countries control IMF
Banks have leverage --> cannot fail |
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Term
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Definition
self fulfilling (optimism and pessimism)
herding (bandwagoning)
contagion
market manipulation
3rd generation crises - deleveraging, case for capital controls |
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Definition
| contagion - financial links |
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Definition
Tesebonos, analytical liberal argument
foreign currency =/= exchange arte stabilizing |
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Term
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Definition
ILLR (not IMF - no reg, slow, no standards, no ERM and no disclosure)
should coordinate, not have funds --> too political |
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Definition
reserves = success
goods solution, asset problem
soft landing/quantitative easing |
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Term
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Definition
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Term
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Definition
History of EMU
1973, 1979, 1986, 1988, 1992, 1994
Economic and political + interngovernmentalism |
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Term
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Definition
Mundell flemming - EMU not all economic
Political factors: anti-inflation cred, integration, business interests
NEED global governance - in trade, why not finances?
LLR for top currency |
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Term
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Definition
| Bipolarity hypothesis: open capital markets = two options, hard or soft polices, float or hard peg/union. Middle not possible. |
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Term
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Definition
Statecraft and the use of Exchange rate weapon
78 - 79
EMU is counter attack |
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Term
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Definition
Euro replace? Need domestic bank regs, incumbency, no china and no Japan
NEED FSF, Chaing Mai (political fail), TARP (moral hazard) |
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Definition
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Term
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Definition
currencies influenced by politics
confidence, liquidity, transactional networks |
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