nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2008‒08‒06
five papers chosen by
Karl Petrick
University of the West Indies

  1. A Global Realignment by 2020: U.S. Decline, Emerging Economies Rise By Francis Cripps; Terry McKinley
  2. The Irrational “War on Inflation”: Why Inflation Targeting is Both Socially Unacceptable and Economically Untenable By Graeme Snooks
  3. Property rights, collective Action, and poverty: The role of institutions for poverty reduction By Gregorio, Monica Di; Hagedorn, Konrad; Kirk, Michael; Korf, Benedikt; McCarthy, Nancy; Meinzen-Dick, Ruth; Swallow, Brent
  4. The Internationalization of Global Start-Ups: Understanding the Role of Serial Entrepreneurs By Onetti Alberto; Odorici Vincenza; Presutti Manuela
  5. The British tripartite financial supervision system in the face of the Northern Rock run By Sharon Blei

  1. By: Francis Cripps (Alphametrics Co.); Terry McKinley (International Poverty Centre)
    Abstract: In IPC?s One Pager #62, we projected until 2015 the impact on the global economy of rising oil prices, a falling dollar and a U.S. recession, and then the additional effect of the monetary and fiscal stimulus that the U.S. Government implemented in response to the crisis. In the process, we discovered that the long-term prospects of the U.S. economy were projected to worsen after 2015. (...)
    Keywords: A Global Realignment by 2020: U.S. Decline, Emerging Economies Rise
    Date: 2008–07
    URL: http://d.repec.org/n?u=RePEc:ipc:opager:63&r=pke
  2. By: Graeme Snooks
    Keywords: inflation targeting, war on inflation, social consequences, monetary policy, reserve bank, growth-inflation curve
    Date: 2008–03
    URL: http://d.repec.org/n?u=RePEc:auu:wpaper:001&r=pke
  3. By: Gregorio, Monica Di; Hagedorn, Konrad; Kirk, Michael; Korf, Benedikt; McCarthy, Nancy; Meinzen-Dick, Ruth; Swallow, Brent
    Abstract: "This paper presents a conceptual framework on how institutions of property rights and collective action can contribute to poverty reduction, including through external interventions and action by poor people themselves. The first part of the paper examines the initial conditions of poverty, highlighting the role of assets, risks and vulnerability, legal structures and power relations. The latter part investigates the decision-making dynamics of actors—both poor and non-poor—and how they can use the tangible and intangible resources they have to shape their livelihoods and the institutions that govern their lives. The paper concludes with a discussion of how attention to property rights and collective action can improve the understanding of outcomes in terms of changes in wellbeing." authors' abstract
    Keywords: Collective action, Property rights, Poverty reduction, Conceptual framework, Vulnerability, Power, Institutions, Wellbeing,
    Date: 2008
    URL: http://d.repec.org/n?u=RePEc:fpr:worpps:81&r=pke
  4. By: Onetti Alberto (Department of Economics, University of Insubria, Italy); Odorici Vincenza (Business Administration Department , University of Bologna, Italy); Presutti Manuela (Business Administration Department , University of Bologna, Italy)
    Abstract: Using qualitative methodology, we aim to understand how serial entrepreneurs can foster the development of born-global ventures. We consider a born-global start-up as the final stage of the learning process for a serial entrepreneur, advancing propositions regarding the importance of prior entrepreneurial experience – in terms of knowledge acquisition, identification and exploitation of opportunities, social networks development – for bornglobal venture creation and growth. We verify that the serial entrepreneur’s previous entrepreneurial experiences could substitute for the lack of knowledge, opportunity recognition and social networks of a born-global start-up. Thus, we recognize the necessity of a shift in the unit of analysis, from born-global start-up to a global serial entrepreneur. Moreover, we suggest to follow a dynamic approach when the born-global start-up issue is discussed since we expect that the entrepreneur’s learning process evolves over time in relation to their quality of previous experiences.
    Keywords: born-global, international new ventures, entrepreneurship, serial entrepreneur, internationalization, social network, entrepreneurial experience, opportunity identification, opportunity exploration, longitudinal case study.
    Date: 2008–04
    URL: http://d.repec.org/n?u=RePEc:ins:quaeco:qf0801&r=pke
  5. By: Sharon Blei
    Abstract: The Northern Rock debacle - Britain's first bank run in 141 years - was the Tripartite regulatory system's first live ammunition test since its establishment in 1997. The aftermath of the crisis lists the destruction of Britain's fifth largest mortgage lender, the tarnishing of the Bank of England's well-established reputation, and the loss of confidence in the reformed regulatory system - a system that had been considered a paragon by policymakers and reformers around the world. As market observers, politicians, investors and bankers criticize not only the mortgage lender for its extreme business model - but also the Tripartite regulatory system for mishandling the crisis - it is important to piece the story together and draw lessons from it. This paper examines the Tripartite's management of the crisis and concludes that the separation between the roles of banking supervision and Lender of Last Resort, coupled by Britain's flawed deposit insurance scheme, account for the British regulatory system's mishandling of the funding shortage that escalated into a bank run.
    Keywords: Banks and banking - Great Britain ; Great Britain ; Bank supervision
    Date: 2008
    URL: http://d.repec.org/n?u=RePEc:fip:fedlsp:2008-01&r=pke

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