World Economic Outlook April 2011

Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1462338453
Format: PDF
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The April 2011 edition of the World Economic Outlook assesses the global prospects for economic growth in the face of policy challenges that remain unaddressed and new challenges now coming to the fore.The recovery is gaining strength, but unemployment remains high in advanced economies, and new macroeconomic risks are building in emerging market economies. In advanced economies, the handoff from public to private demand is advancing, reducing concerns that diminishing fiscal policy support might cause a “double-dip” recession. Financial conditions continue to improve, although they remain unusually fragile. In many emerging market economies, demand is robust and overheating is a growing policy concern. Rising food and commodities prices present new risks to the global economy. Two chapters directly explore these new challenges. Chapter 3 reviews the potential impact of oil scarcity on global growth, and Chapter 4 explores the potential response of international capital flows to changes in the global macroeconomic environment.

Herleitung und Umsetzung eines passiven Investmentansatzes f r Privatanleger in Deutschland

Author: Gerd Kommer
Publisher: Campus Verlag
ISBN: 359339703X
Format: PDF, ePub
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Die Situation ist so bekannt wie dringlich: Staatliche Rentensysteme können in Zukunft nur noch eine Basisversorgung leisten. Die Bürger müssen daher privat vorsorgen und Vermögen für das Alter bilden. Doch Finanzindustrie und Anleger scheitern meist an dieser Aufgabe. Gerd Kommer identifiziert die Gründe für die Investmentmisere, die sowohl auf der Angebotsseite (Finanzbranche) als auch auf der Nachfrageseite (Privatanleger) liegen. Die Anleger haben häufig ein unzureichendes Verständnis vom theoretischen und empirischen Risiko-Rendite-Zusammenhang und begehen viele unnötige Fehler bei ihren Anlageentscheidungen. Die Finanzbranche beutet diese Irrtümer zu ihren Gunsten aus. Auf Basis dieser Analyse entwickelt Gerd Kommer einen wissenschaftlich basierten Investmentansatz für Privatanleger. Seine Alternative genügt den zahlreichen einschränkenden Bedingungen, die für Privatanleger - anders als für institutionelle Investoren - gelten. Die finanzökonomische Forschung vernachlässigt diese Einschränkungen bisher und gelangt damit oft zu theoretisch interessanten aber für die private Anlegerpraxis wenig relevanten Ergebnissen und Angeboten. Mit Gerd Kommers Investmentansatz können Privatanleger auch in ökonomisch unsicheren Zeiten beruhigt fürs Alter vorsorgen. "Ich freue mich, dass Gerd Kommer mit dieser Arbeit einen in vergleichbarer Tiefe und Spannbreite im deutschsprachigen Raum bisher fehlenden Beitrag zur Herleitung und Umsetzung eines passiven, rein rationalen, prognosefreien Anlageansatzes für die langfristige Vermögensbildung von Privatanlegern geleistet hat." - Prof. Dr. Dr. Helge Peukert, Universität Erfurt "Kommer legt dar, wie ein Privatanleger mit hoher Wahrscheinlichkeit eine bessere Performance erzielt als mit konventionellen Methoden des aktiven Managements. Die identifizierten Wirkungszusammenhänge gelten gleichermaßen in normalen wie in krisenhaften Kapitalmarktsituationen. Das Wissen, auch auf Ausnahmesituationen an den Kapitalmärkten bestmöglich vorbereitet zu sein, sollte dem Anleger ein Gefühl der Sicherheit geben, das mit keinem anderen mir bekannten Ansatz erzielbar wäre." - Prof. Dr. Olaf Gierhake, Institut für Vermögensschutz, Rapperswil bei Zürich

Finanznachrichtenerstattung in Krisenzeiten Eine empirische Analyse in Folge der Naturkatastrophe in Japan 2011

Author: Maximilian Margolin
Publisher: Diplomarbeiten Agentur
ISBN: 3955492788
Format: PDF, Mobi
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Die mediale Berichterstattung ber aktuelle Ereignisse ist ein entscheidender Faktor fr das Geschehen an den weltweiten Kapitalm„rkten. Neue Informationen ver„ndern die Erwartungen der Marktteilnehmer bezglich Risiken und m”glichen Renditen und beeinflussen dadurch Marktpreise. Damit spielen Medien durch ihre Berichterstattung eine zentrale Rolle im globalen Wirtschaftsgeschehen. In dieser Arbeit wird die mediale Darstellung von Finanzmarkt-relevanten Informationen in Folge der japanischen Naturkatastrophe 2011 und der daraus resultierenden Krise untersucht. Im theoretischen Teil der Arbeit wird zun„chst einen šberblick ber relevante Konzepte aus der Nachrichtenforschung gegeben. Darauf basierend werden zwei Merkmale herausgearbeitet, anhand derer die Finanznachrichten im Verlauf der Krise untersucht werden k”nnen. Im anschlieáenden, empirischen Teil, wird die Berichterstattung ausgew„hlter Medien anhand dieser Merkmale analysiert, sowie Gemeinsamkeiten und Unterschiede zwischen den einzelnen Medien herausgearbeitet.

World Economic Outlook September 2011

Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1463940874
Format: PDF, ePub
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The September 2011 edition of the World Economic Outlook assesses the prospects for the global economy, which is now in a dangerous new phase. Global activity has weakened and become more uneven, confidence has fallen sharply recently, and downside risks are growing. Against a backdrop of unresolved structural fragilities, a barrage of shocks hit the international economy this year, including the devastating Japanese earthquake and tsunami, unrest in some oil-producing countries, and the major financial turbulence in the euro area. Two of the forces now shaping the global economy are high and rising commodity prices and the need for many economies to address large budget deficits. Chapter 3 examines the inflationary effects of commodity price movements and the appropriate monetary policy response. Chapter 4 explores the implications of efforts by advanced economies to restore fiscal sustainability and by emerging and developing economies to tighten fiscal policy to rebuild fiscal policy room and in some cases to restrain overheating pressures.

Ruling Capital

Author: Kevin P. Gallagher
Publisher: Cornell University Press
ISBN: 0801454603
Format: PDF
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In Ruling Capital, Kevin P. Gallagher demonstrates how several emerging market and developing countries (EMDs) managed to reregulate cross-border financial flows in the wake of the global financial crisis, despite the political and economic difficulty of doing so at the national level. Gallagher also shows that some EMDs, particularly the BRICS coalition, were able to maintain or expand their sovereignty to regulate cross-border finance under global economic governance institutions. Gallagher combines econometric analysis with in-depth interviews with officials and interest groups in select emerging markets and policymakers at the International Monetary Fund, the World Trade Organization, and the G-20 to explain key characteristics of the global economy. Gallagher develops a theory of countervailing monetary power that shows how emerging markets can counter domestic and international opposition to the regulation of cross-border finance. Although many countries were able to exert countervailing monetary power in the wake of the crisis, such power was not sufficient to stem the magnitude of unstable financial flows that continue to plague the world economy. Drawing on this theory, Gallagher outlines the significant opportunities and obstacles to regulating cross-border finance in the twenty-first century.

The New Politics of Strategic Resources

Author: David Steven
Publisher: Brookings Institution Press
ISBN: 0815725345
Format: PDF, Mobi
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Since 2008, energy and food markets—those most fundamental to human existence—have remained in turmoil. Resource scarcity has had a much bigger global impact in recent years than has been predicted, with ongoing volatility a sign that the world is only part-way through navigating a treacherous transition in the way it uses resources. Scarcity, and perceptions of scarcity, increase political risks, while geopolitical turmoil exacerbates shortages and complicates the search for solutions. The New Politics of Strategic Resources examines the political dimensions of strategic resource challenges at the domestic and international levels. For better or worse, energy and food markets are shaped by perceptions of national interest and do not behave as traditional market goods. So while markets are an essential part of any response to tighter resource supplies, governments also will play a key role. David Steven, Emily O'Brien, Bruce Jones, and their colleagues discuss what those roles are and what they should be. The architecture for coordinating multilateral responses to these dynamics has fallen short, raising questions about the effective international management of these issues. Politics impede here too, as the major powers must negotiate political and security trade-offs to cooperate on the design of more robust international regimes and mechanisms for resource security and the provision of global public goods. This timely volume includes chapters on major powers (United States, India, China) and key suppliers (Russia, Saudi Arabia). The contributors also address thematic topics, such as the interaction between oil and state fragility; the changing political dynamics of climate change; and the politics of resource subsidies.

Millennium Development Goal 8

Author: United Nations
Publisher: United Nations Publications
ISBN: 9789211012453
Format: PDF, Kindle
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Significant gaps remain in delivering on the Millennium Development Goals (MDGs) in the areas of aid, trade, debt relief, access to new technologies and affordable essential medicines. This Report monitors the progress made in achieving the targets of MDG 8, including continued attention to the impact of the global crisis on meeting the targets set under MDG 8 and embedding any new commitments resulting from the High-level Plenary Meeting of the 65th session of the General Assembly on the MDGs into the monitoring process. Policy coherence is a central theme of the 2011 issue of the Report, which provides recommendations to all major stakeholders on how to address the remaining implementation gaps.