Finance & Development, March 2010.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. External Relations Department.

Contributor:

International Monetary Fund, Contributor.

Series:

Finance & Development; Finance & Development ; No. 0047/001

Finance & Development

Language:

English

Physical Description:

1 online resource (60 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Language Note:

English

Summary:

Prize or Penalty: When Sports Help Economies Score" looks at why countries vie to host the world's most costly sporting events. And, in a series of articles on "After the Crisis," we discuss why some countries were hit harder than others; how were shocks transmitted round the world, and whether protectionist pressures might intensify in 2010. As usual, we take on a number of hot topics, including housing prices, bankers' bonuses, Ponzi schemes, and inflation targeting. In "Picture This" we see that the number of hungry is on the rise, topping 1 billion. Our regular "People in Economics" column profiles Daron Acemoglu, the Turkish-born intellectual who won the American Economic Association's award in 2005 for the most influential U.S. economist under the age of 40. "Back to Basics" explains inflation; and "Data Spotlight" looks at how dollarization is declining in Latin America. Also includes articles by Nick Stern on climate change and Simon Johnson on bonuses and the "doomsday cycle.

Contents:

Cover; Contents; DEPARTMENTS; Pople In Economics; Breacher of the Peace; FEATURES; WHEN SPORTS HELP ECONOMIES SCORE; Prize or Penalty: Sports events like the soccer World Cup stimulate trade around the world and spotlight the host country; Is It Worth It?: Hosting the Olympic Games and other mega sporting events is an honor many countries aspire to-but why?; The Olympic Trade Effect: Countries that bid for the Olympics are sending a signal that they are ready to open up trade; A Lucky Start: If life is like cricket, then chance matters a lot in a successful career; ALSO IN THIS ISSUE

Housing Prices: More Room to Fall?: From a historical perspective, it is not the trend but the volatility in housing prices that is distinctiveAFTER THE CRISIS; Avoiding Protectionism: So far the world has resisted widespread resort to trade measures, but the hardest part may be yet to come; Viewpoint: Challenge of the Century: Climate change is about market failure on a global scale: it must be resolved together with debt and global economic imbalances; Opaque Trades: Not all financial innovations increase efficiency. Here are three with questionable effects

Differential Impact: Why some countries were hit harder than others during the global crisisTheir Cup Spilleth Over: The U.S. and U.K. financial market crises had a spillover effect on the rest of the world, which explains the synchronized global slowdown; A Tale of Two Regions: Foreign-bank lending to emerging markets during the global crisis differed from continent to continent; Perils of Ponzis: Regulators need to stop Ponzi schemes before they gain momentum, especially in developing countries; Picture This; Hunger on the Rise: Number of hungry people tops one billion

Big Bad Bonuses?: Should Bankers Get Their Bonuses?: Bonuses and the "Doom CycleBack to Basics; What Is Inflation?; Inflation Targeting Turns 20: A growing number of countries are making a specific inflation rate the primary goal of monetary policy, with success; Learning from the Past: Countries of the Gulf Cooperation Council confronted the global financial crisis from a position of strength; Book Reviews; The Creation and Destruction of Value: The Globalization Cycle; This Time Is Different: Eight Centuries of Financial Folly; The Aid Trap: Hard Truths about Ending Poverty; Data Spotlight

Dollarization Declines in Latin America: Latin Americans are placing more value on their own currencies

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9786612844782

9781455250899

1455250899

9781452718439

1452718431

9781282844780

1282844784

9781451998009

1451998007

9781451922257

1451922256