696 Ergebnisse
Recording of the Workshop “The collateral supply effect on central banking”, 04.02.2021, part of the "Next Generation Central Banking - Climate Change, Inequality, Financial Instability" conference by the Heinrich-Böll-Stiftung
NextGen Central Banking: The collateral supply effect on central banking
Heterodox Macroeconomics offers a detailed understanding of the foundations of the recent global financial crisis
Heterodox Macroeconomics
Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing by Costas Lapavitsas puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households.
Profiting Without Producing
Florian Kern replies to Zoltan Pozsar's analysis about the effects of the war in Ukraine on the global financial order and refutes the latter's prognosis of the demise of the US dollar as the world's reserve currency
Why the war in Ukraine does not jeopardise the dollar's reserve currency status
It has become a contentious term in- and outside of economic policy: austerity. Allegedly the culprit behind the shortfalls of governments' reaction to the Great Financial Crisis, the policy makes for a spirited debate.
Austerity
Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy.
Fighting Neoliberalism with Keynes & Minsky?
This thoroughly revised and updated second edition provides a comprehensive guide to Post Keynesian methodology, theory and policy prescriptions. The Companion reflects the challenges posed by the global financial crisis that began in 2008 and by the consolidation of the New Neoclassical Synthesis in macroeconomic theory.
The Elgar Companion to Post Keynesian Economics
Heterodox Macroeconomics offers a detailed understanding of the foundations of the recent global financial crisis.
Heterodox Macroeconomics
The Economics and Geopolitics of Russia Selling Yuan and Gold Reserves
It is important for students to understand the workings of international and public finance and that the goal of governments and politicians is not always economic efficiency when making financial decisions. Normative goals other than efficiency can motivate economic decisions. A good economist is able to recognise, clearly name and take into account the values and goals behind economic behaviour, when making sense of the world.
Russia sells foreign reserves
As a response to ongoing economic, social and environmental crises, many private actors have enlarged their definition of 'value' to include environmental and social elements. Such practices, however, appear incompatible with the current epistemological structure of academic financial discourse.
Finance Reconsidered
Bei der feministischen Ökonomie geht es darum, den unbezahlten Teil der Ökonomie sichtbar zu machen und die Geschlechterblindheit von ökonomischen Prozessen aufzudecken. Entstanden ist diese Theorierichtung in den 1960er Jahren, wobei die Wurzeln bis ins 19 Jahrhundert zurück reichen. Zu Beginn setzten sich die Feministen und Feministinnen vor allem für das Erreichen des Frauenwahlrechtes, für den Zugang zur Bildung und der Abschaffung der Vernunftehe ein. Die Gleichberechtigung von Mann und Frau war in der zweiten Welle des Feminismus zu finden. Bis heute gibt es zwischen Männern und Frauen Unterschiede, welche durch den Feminismus versucht werden aufzudecken und zu beseitigen. Zum Beispiel die Care-Arbeit, den Gender-Wage-Gap, keine Berücksichtigung in ökonomischen Modellen, etc.
Feministische Ökonomie
Mariana Mazzucato explains how we lost sight of what value means and why we need to rethink our current financial systems so capitalism can be steered toward a bold, innovative and sustainable future that works for all of us.
What is economic value, and who creates it?
Since the beginning of the twenty-first century, there has been an unprecedented move towards 'rethinking economics' due to the damages generated by the global financial crisis that burst in 2007-2008. Almost a decade after this crisis, policy is still unable to provide all citizens greater wellbeing or at least an encouraging economic future.
A Modern Guide to Rethinking Economics
Have you ever thought about the role of civil society and the evolution of economy in one breath? This one hour long interview of Daron Acemoğlu (MIT) and Martin Wolf (Financial Times) by Rethinking Economy NL gives you much inspiration for it.
Socioeconomics of Disruptive Tech
In this short podcast, Naomi Fowler, the Tax Justice Network's creative strategist, discusses how the laws made by those who profited from slavery and the empire and, the extractive business models of the major financial sector continue to impoverish some of the poorest nations.
Systemic racism, reparations and tax justice
How do Airbnb and short-term rentals affect housing and communities? Locating the origins and success of Airbnb in the conditions wrought by the 2008 financial crisis, the authors bring together a diverse body of literature and construct case studies of cities in the US, Australia and Germany to examine the struggles of local authorities to protect their housing and neighborhoods from the increasing professionalization and commercialization of Airbnb.
Airbnb, Short-term Rentals and the Future of Housing
The historical situation of low interest rates after the Fed's response to the 2001 crisis alongside with huge foreign money inflow to the US are presented as the historical context in which subprime lending and financial instruments like CDOs and CDS evolved. Then those instruments as well as the concept of leverage are explained briefly.
The Crisis of Credit Visualized
In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory which suggests that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers.
Tax Havens - Investigating International Finance
Economist and 2020 Balzan Prize winner for Environmental Challenges: Responses from the Social Sciences and Humanities, Joan Martínez Alier, speaks on the importance of ecological economics and its timeliness around the 2007/2008 global financial crisis. He speaks on the importance of building the field of ecological economics “from the ground up” through praxis.
Ecological Economics
Die Krisentheorie aus der Post Keynesianischen Tradition (Minskys Financial Instability Hypothesis) und aus der Österreichischen Schule (Hayeks Konjunkturtheorie) werden vorgestellt und zueinander in Beziehung gesetzt. Dabei wird unter anderem Bezug auf endogene Geldschöpfung, sich wandelnde Erwartung, die natürliche Zinsrate, verschiedene Produktionswege (kapital- oder arbeitsintensiv) sowie auf intendierten und realisierten Konsum genommen. Die Darstellung erfolgt verbal und graphisch.
Krisentheorie aus post-keynesianischer und österreichischer Sicht
In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory suggesting that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers.
Capital controls - Investigating International Finance, Episode 2
David Harvey illustrates the five most common narratives on why the financial and economic crisis took place – from human frailty to policy failure.
RSA ANIMATE: Crises of Capitalism
Sheila Dow discusses the concept of radical uncertainty and the failure of neoclassical economics to integrate it into its analysis. As to the implications for financial regulation that arise from the presence of radical uncertainty she argues for institutional overhaul, where the banks see themselves as a licensed partner of the central bank and where rules, values, and conventions would be subject to a cultural shift. Also, Sheila Dow advocates for a renewed focus on retail banking.
The Economics of Uncertainty
In this radio interview, Andrew Sayer first outlines some features of neoliberalism and policies that are associated with it. Then a difference between wealth creation via investment and wealth extraction by means of lending money to those deprived of it or by acquiring property such as real estate or financial assets on the secondary market as absentee owner is established. In this context reference is made to J.A. Hobson's concept of "improperty." Finally, there are some words on the power dynamics associated with capitalism and its relation to climate change.
Why We Can’t Afford the Rich
Economist and politician Costas Lapavitsas: presents differing theoretical definitions of financialization, namely from Marxist and Post-Keynesian thinkers and compares their approaches. By presenting pattern and features of the economic and financial crisis, he interprets the latter as a crisis of financialization. Lapavitsas emphasizes his arguments by presenting data from the U.S. and Germany on the transformation of business, banks and households.
The Financialisation of Capitalism
This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch and explores the following questions: What is bank capital and how is it regulated? It further presents controversies on the size of bank capital in the aftermath of the financial crisis and on how bank capital affects economic activity.
Bank capital – what is it and how is it regulated?
This multimedia dossier is part of the series „Understanding Finance“ by Finance Watch. The dossier focuses on universal banks – banks that pursue commercial and investment banking and points out several problems of those megabanks, especially in the context of the financial crisis (too big to fail).
Splitting megabanks?
In this radio program, the anthropologist David Graeber, explores the history of debt in (currently) 12 episodes. The program is based on his book Debt: The First 5000 Years. First, Graeber asks the questions of how debt and money are characterized, which meaning and roles they had in different historic episodes and how they were interrelated. In the most recent episodes, Graeber elaborates on how debt shaped society. He argues that debt had a different moral status in different times of history, one session analyses the current financial and economic crisis and the role of credit in this historical context.
Promises, Promises: A history of debt
This historic timeline presents economic events, economic thinkers and schools of thought from the 18th century until the 2007/2008 financial and economic crisis with short texts on the respective event or perspective.
Economics: An Illustrated Timeline
The world is coping with a global disaster, as the new Coronavirus takes a toll on many lost lives and a severe impact on economic activity. To provide a long-run perspective, this column documents the international response to a variety of disasters since 1790. Based on a new comprehensive database on loans extended by governments and central banks, official (sovereign-to-sovereign) international lending is much larger than generally known. Official lending spikes in times of global turmoil, such as wars, financial crises or natural disasters. Indeed, in these periods, official capital flows have repeatedly surpassed total private capital flows in the past two centuries. Wars, in particular, were accompanied by large surges in the volume of official cross-border lending.
Coping with disasters: Lessons from two centuries of international response
An analysis of the modern neoliberal world, its characteristics, flaws and planetary boundaries aiming to end new economic politics and support a global redistribution of power, wealth and roles.
In this online lecture, economist and Professor at the School of Oriental and African Studies (SOAS), London, UK. Costas Lapavitsas, explains the limitations of the neoliberal market in creating financial stability and growth in both, developing and developed countries.
The Limits to Neoliberalism: how states respond to the crisis
Nathan Tankus created this series to introduce people outside of the inner financial circles of professionals, journalists and policymakers to the basic mechanisms and dynamics of monetary policy.
Monetary Policy 101
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