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Bachelor Thesis from the year 2023 in the subject Economics - Other, grade: 2,3, Humboldt-University of Berlin, language: English, abstract: Introduced in 2015 by the Council of the European Union (EU) and the European Parliament and put into effect in 2019, the Market Stability Reserve (MSR) was introduced as a central tool to regulate the flaws of the cap-and-trade Emission Trading System (ETS) of the EU. The EU set the goal to reach the climate targets from the Kyoto protocol decided upon in 1997 as well as the Paris agreement adopted in 2015 regarding the reduction of their greenhouse gas emissions (GHGs). Purpose was not only to lower emissions but to achieve this in the most cost-effective and coordinated way. As the largest emission trading system in the world, the EU ETS covers 30 countries and around 10,000 facilities. In total, 40% of the emissions of these countries are covered by the ETS. Recent efforts of the EU's Green Deal intend to increase the environmental ambitions of the EU even more and reform the MSR along its “Fit for 55 program”. The MSR plays a significant role in this reform and has been used as the central regulating tool in order to improve structural supply-demand imbalances since its implementation. The goal of this thesis is to outline in what regard the Market Stability Reserve is helpful within the EU ETS to get closer to the EU's most recent environmental goals and what changes could be made to make it more efficient. In the second chapter, the EU's sustainability intentions as well as the EU ETS in general will be outlined. The third chapter, will describe the function and mechanisms of the MSR composition in detail as well as what the intentions behind its implementation and changes were as it has considerably changed its structure since its creation. Chapter 3 will also describe and illustrate the market mechanisms of the MSR graphically from a micro economic aspect. Chapter 4 will present four different phenomena of the ETS and highlight how they impact and influence the MSR and how conversely the MSR influences them along with a specific example. The 5th chapter will discuss proposed changes that could help it become more efficient as the system is constantly changing and new reforms are already expected. Chapter 6 will look at future possibilities of the ETS complementing or replacing the MSR. In chapter 7, the core findings of this paper are discussed before concluding the most relevant findings in chapter 8.

Insurgence is designed to help business leaders apply new methods to the most important business problem they face in the world today: namely, how to overcome their incumbent mentality to maintain relevance and discover new sources of growth. At the convergence of lean, business model innovation, agile, and design thinking, insurgence is a methodology and business philosophy that will help leaders in incumbent businesses rediscover how to operate like small and nimble insurgents whilst maintaining many of their incumbent advantages.Incumbent businesses, often having enjoyed a long period of relative historical market stability, are increasingly unprepared for nimble insurgents coming on to the field of play and applying different assumptions and business models at speed and scale. These incumbent businesses find that the business models that fuelled their success are no longer robust to the change surrounding their business, and they are becoming increasingly obsolete, weighed down by a high degree of internal focus, inflexible internal controls, and an inability to innovate. Meanwhile, nimble insurgents strike at the heart of these weaknesses by formulating alternative core assumptions, building adaptive business models, and innovating in close proximity to customers and market needs.This book enables business leaders to characterise the difference between incumbents and insurgents, develop new ways of thinking about how to compete in this age of accelerating change, and provide a new framework for strategy and innovation that helps leaders to discover the essence of insurgence for their businesses. It uses rich case studies that illustrate both successful and unsuccessful efforts to help leaders move from theory to action at speed and at scale.

Over the past two decades the use of flexible employment relations has increased in most developed countries. The growth of temporary agency work constitutes a significant component of this development. Organizations are now facing the challenges of managing a ‘blended workforce', i.e. a workforce consisting of both direct hires and contractors. At a time when Europe, as well as the rest of the world, is facing enhanced global competition and a severe labor market crisis, an understanding of temporary employment practices becomes all the more acute. With the evolution of the use of agency work in the Western world over the past decade, the chapters in this volume show how a focus on the management and organization of temporary agency work can be helpful to see possibilities and pitfalls for the use of temporary employment in the wake of changed employment practices and challenges to labor market stability and welfare structures. Together, the new case studies presented in this volume provide a wide scope of analysis of the organization and management of temporary agency work, offering a much-needed contribution to the discussion of issues and priorities that guide and shape organizational practices today. Its particular uniqueness lies in the empirical richness and variety of local case studies and the way in which these are related to wider policy aims, ideological shifts, and the dynamics of organizational practice, with a particular focus on the organization and management of ‘blended workforces'.

The financial instability and its spillover to the real sector have become a great challenge to macro-economic theory. The book takes a Keynesian theoretical perspective, representing an attempt to revive what Keynes stressed in his General Theory, namely the role of the financial market in macroeconomic outcomes. Although this book is inspired and motivated by the Asian currency and financial crises in the years 1997-8 and the experiences of the currently evolving U.S. financial disruptions, it also focuses on reviving a modeling tradition that provides a theoretical framework that throws light on recent financial market episodes and disturbances and their macroeconomic effects. It brings to the forefront, as Keynes has suggested, the role of financial market stability for growth and macroeconomics. It criticizes theories that see economic disruptions and shocks rooted solely in the real side of the economy. It stresses the financial real interaction as the major source for macroeconomic instability and disruptions.This important new book from a group of Keynesian, but nonetheless technically oriented economists would be of most interest to specialists and graduate students in macroeconomics and financial economics, especially those with an interest in US and European financial markets, emerging market analysis, and dynamic economic modeling.

Published twice yearly, the Global Financial Stability Report (GFSR) was created to provide a more frequent assessment of global financial markets by the IMF and to address emerging market financing in a global context. It provides timely analysis of developments in both mature and emerging market countries and seeks to identify potential fault lines in the global financial system that could lead to crisis. The GFSR aims to deepen its readers'understanding of global capital flows, which play a critical role as an engine of world economic growth. Of key value, the report focuses on current conditions in global financial markets, highlighting issues of financial imbalances, and of a structural nature, that could pose risks to financial market stability and sustained market access by emerging market borrowers.

Published twice yearly, the Global Financial Stability Report (GFSR) was created to provide a more frequent assessment of global financial markets by the IMF and to address emerging market financing in a global context. It provides timely analysis of developments in both mature and emerging market countries and seeks to identify potential fault lines in the global financial system that could lead to crisis. The GFSR aims to deepen its readers'understanding of global capital flows, which play a critical role as an engine of world economic growth. Of key value, the report focuses on current conditions in global financial markets, highlighting issues of financial imbalances, and of a structural nature, that could pose risks to financial market stability and sustained market access by emerging market borrowers.

The Global Financial Stability Report (GSFR), published twice a year by the IMF, provides timely analysis of developments in mature and emerging market countries and seeks to identify potential fault lines in the global financial system that could lead to crisis. The GFSR aims to deepen its readers'understanding of global capital flows, which play a critical role as an engine of world economic growth. Along with the IMF's semiannual World Economic Outlook, the GFSR is a key vehicle for the IMF's multilateral surveillance. The Global Financial Stability Report was created to provide a more frequent assessment of global financial markets and to address emerging market financing in a global context. The report focuses on current conditions in global financial markets, highlighting issues of financial imbalances, and of a structural nature, that could pose risks to financial market stability and sustained market access by emerging market borrowers. The GFSR focuses on relevant contemporary issues, not attempting to be a comprehensive survey of all potential risks. It also draws out the financial ramifications of economic imbalances highlighted by the IMF's World Economic Outlook. It regularly contains, as a special feature, articles on structural or systemic issues relevant to international financial stability.

The Global Financial Stability Report (GSFR), published twice a year by the IMF, provides timely analysis of developments in mature and emerging market countries and seeks to identify potential fault lines in the global financial system that could lead to crisis. The GFSR aims to deepen its readers'understanding of global capital flows, which play a critical role as an engine of world economic growth. Along with the IMF's semiannual World Economic Outlook, the GFSR is a key vehicle for the IMF's multilateral surveillance. The Global Financial Stability Report was created to provide a more frequent assessment of global financial markets and to address emerging market financing in a global context. The report focuses on current conditions in global financial markets, highlighting issues of financial imbalances, and of a structural nature, that could pose risks to financial market stability and sustained market access by emerging market borrowers. The GFSR focuses on relevant contemporary issues, not attempting to be a comprehensive survey of all potential risks. It also draws out the financial ramifications of economic imbalances highlighted by the IMF's World Economic Outlook. It regularly contains, as a special feature, articles on structural or systemic issues relevant to international financial stability.

The Global Financial Stability Report (GSFR), published twice a year by the IMF, provides timely analysis of developments in mature and emerging market countries and seeks to identify potential fault lines in the global financial system that could lead to crisis. The GFSR aims to deepen its readers'understanding of global capital flows, which play a critical role as an engine of world economic growth. Along with the IMF's semiannual World Economic Outlook, the GFSR is a key vehicle for the IMF's multilateral surveillance. The Global Financial Stability Report was created to provide a more frequent assessment of global financial markets and to address emerging market financing in a global context. The report focuses on current conditions in global financial markets, highlighting issues of financial imbalances, and of a structural nature, that could pose risks to financial market stability and sustained market access by emerging market borrowers. The GFSR focuses on relevant contemporary issues, not attempting to be a comprehensive survey of all potential risks. It also draws out the financial ramifications of economic imbalances highlighted by the IMF's World Economic Outlook. It regularly contains, as a special feature, articles on structural or systemic issues relevant to international financial stability.

Finance in Business Contexts provides a detailed and practical exploration of the critical role financial management plays in the success and sustainability of businesses. From controlling financial resources to planning, analysis, and monitoring, this book outlines how effective financial strategies can drive growth, ensure stability, and enable companies to seize new opportunities. The book delves into essential topics such as investment and distribution decisions, cash flow management, and funding strategies, highlighting the importance of balancing debt and equity to optimize capital structures. Key concepts like basic portfolio theory, asset pricing models, and cost of capital are explained with clarity. Additionally, it examines how businesses can prepare for economic cycles, including downturns and recessions, with sound financial planning. Perfect for students and professionals, this book equips readers with the tools needed to make informed financial decisions and adapt to evolving market conditions.

'Accounting for Professionals'is a comprehensive guide designed to simplify complex accounting principles for students, professionals, and self-learners. The book covers essential topics such as financial accounting, business regulations, cost management, and financial reporting. We provide a structured approach to learning, making it easier to grasp accounting practices and apply them in real-world scenarios. From understanding balance sheets to exploring business regulatory frameworks, this guide ensures readers build a strong foundation in professional accounting. Each chapter is crafted to deliver clear explanations and practical examples, helping readers enhance their knowledge step by step. The glossary and case studies included in the book offer valuable insights into the evolving field of accounting, making it a must-read for those seeking to advance their careers.

International Business Administration provides a comprehensive overview of the complexities, opportunities, and challenges of conducting business in a globalized world. International business encompasses all activities that facilitate the movement of goods, services, investments, people, and ideas across national borders. This globalization has transformed economies worldwide, driving innovation, foreign trade, and international investments. This book introduces students to the essential aspects of international business, including global markets, tariffs, foreign trade practices, and multinational corporations. It examines the impact of cultural, political, and economic factors on international trade, while also exploring corporate-government relations, asset management, and marketing strategies. Readers will gain insights into navigating foreign business environments, understanding global economies, and making informed decisions in today's interconnected world. An essential resource for students and professionals, this book equips readers with the tools to thrive in the dynamic field of international business.

Trust, Media and the Economy: Mutual Relations delves into the critical relationships between trust, media, and economic behavior. This book explores how trust in media influences economic decisions and how economic conditions impact media trustworthiness. Divided into two parts, it first examines the role of trust within media channels, addressing topics such as the impact of clickbait, the role of user-generated content, and trust dynamics across generations. The second part focuses on how trusted communication affects economic outcomes, discussing social media's role in economic communication, the influence of financial influencers, and trust-based marketing.The book features case studies from around the world, including Poland, France, and the United States, providing a broad geographical perspective. It includes topical issues such as the trust dynamics in YouTube communities and greenwashing practices. The contributors'diverse expertise ensures a comprehensive analysis that is accessible to non-specialists, making it a valuable resource for booksellers, librarians, and general readers interested in media and economics. By shedding light on these interactions, the book offers groundbreaking insights into developing more reliable media practices and stronger economic trust foundations.

In business, change is the only constant. Dragon Tactics demonstrates that Chinese entrepreneurs know how to thrive in uncertainty. The book contains many lessons for Western leaders to learn how to ride the wave of change.Global conflicts, environmental challenges and rapid digitization are just some of the unpredictable factors that are putting increasing strain on traditional business models. Chinese entrepreneurs know how to thrive in uncertainty: they have grown their business in an environment that has taught them to adapt often, thrive in chaos and overcome constant challenges of uncertainty.Learn how to better navigate an increasingly uncertain and volatile world far beyond China's borders.Masters skills that are rooted in China's four-thousand-year-old history and culture.Read about management methods that borrow as much from Confucianism as from new technologies.Written by business experts and China veterans Aldo Spaanjaars and Sandrine Zerbib.

This book covers the scope and sequence of most introductory microeconomics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concept. This book provides clear, accurate coverage of advanced microeconomic concepts while illustrating how theory applies to practical situations. This book is useful for undergraduate as well as postgraduate students of economics, commerce, marketing, management, finance, banking and for everybody interested in microeconomics.

This book covers the scope and sequence of most introductory microeconomics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concept. This book provides clear, accurate coverage of advanced microeconomic concepts while illustrating how theory applies to practical situations. This book is useful for undergraduate as well as postgraduate students of economics, commerce, marketing, management, finance, banking and for everybody interested in microeconomics.

'Llama Fleece Marvels'provides a groundbreaking exploration of the intersection between traditional Andean llama herding practices and modern global fiber markets. Drawing from extensive field research across Peru, Bolivia, and Chile, this comprehensive study reveals how high-altitude pastoral communities are adapting ancient techniques to meet contemporary market demands, resulting in a remarkable 47% increase in llama fiber exports over the past decade. The book masterfully weaves together scientific analysis of llama fiber properties at various elevations (3,000-4,500 meters) with practical insights into sustainable herding practices. Through detailed case studies and data visualization, readers gain unprecedented access to both quantitative research and generational wisdom from Andean herding families. The work particularly excels in demonstrating how optimal herd rotation patterns and careful fiber harvesting protocols directly influence product quality and market value. What sets this book apart is its integrated approach to examining the entire llama fiber ecosystem, from soil composition to international trade networks. Each chapter builds upon the previous, progressing from technical aspects of fiber classification to broader economic implications, while maintaining accessibility for both specialists and general readers. The inclusion of GPS-mapped grazing routes overlaid with market access points offers a unique perspective on how traditional practices and modern commerce can successfully coexist, ensuring both economic viability and environmental conservation in mountain ecosystems.

'Liberal Law Havens'explores how certain nations have transformed themselves into global business hubs through progressive legal frameworks and social policies. The book reveals the delicate balance between creating business-friendly environments and maintaining social harmony, focusing on successful examples like Singapore, Estonia, and New Zealand. Through a methodical analysis of three decades of data, it demonstrates how these nations have achieved economic success not just through tax advantages, but through a carefully orchestrated combination of efficient governance, transparent regulations, and forward-thinking social policies. The book progresses logically through three main sections, beginning with the historical foundations of liberal governance and its economic impacts, followed by detailed case studies of successful jurisdictions, and concluding with practical frameworks for implementation. Drawing from extensive research, including interviews with policy makers and comprehensive regulatory analysis, it examines how different nations have adapted their business environments to modern needs while maintaining necessary oversight. The analysis covers everything from tax structures and corporate registration processes to regulatory compliance systems, providing readers with both theoretical understanding and practical insights. What sets this work apart is its holistic approach to understanding successful business environments, connecting business law with political science, sociology, and international relations. While primarily aimed at business executives, policy makers, and legal professionals, the book presents complex data and concepts in an accessible format through detailed charts and graphs. It offers valuable insights for anyone interested in understanding how progressive legal frameworks contribute to economic success in the modern global economy, while maintaining academic rigor and avoiding oversimplified solutions.

The Proceedings of the International Conference on Financial Management and the Digital Economy (ICFMDE 2023) offers an overview of research and insights into how financial management is evolving in the digital age.The book covers a broad spectrum from examining cryptocurrency trends to exploring fintech advancements. Topics also extend to digital transformation strategies, practical applications of blockchain technology, and the profound impact of digital innovations on financial markets. Through rigorous research and analysis, the proceedings offer valuable insights into the future trajectory of the global economy.Written for scholars, researchers, and industry professionals in finance, economics, and digital innovation, this collection provides valuable insights into the rapidly changing field of financial management. Readers will gain deep perspectives on how digitalization is reshaping financial landscapes worldwide.

The book examines how the outgrowth of the financial industry has contributed to the recent tendencies towards inequality and stagnation. It proposes a monetary interpretation of these events using a Classical–Keynesian theoretical approach derived from the work of Keynes and Sraffa. The approach moves from the distributive conflicts among economic and social groups, presuming that they influence the legislation shaping the organisation of the markets and the policy of the authorities. It argues that the degrees of liquidity of assets, which reflect the individual perceptions of their future prices, ultimately depend on the organisation of the markets and policy decisions.The development of his work persuaded Keynes that it was necessary to revolutionise the scientific foundations of economic discipline to effectively interpret events and recommend policies. He consequently introduced in 1932 a monetary theory of production. Following these lines, Sraffa proposed in Production of Commodities to take the rate of interest as an independent variable in the theory of distribution.Using the Classical–Keynesian approach, the book shows how the changes in legislation and policies since the abandonment of the Bretton Woods agreements have caused the outgrowth of finance and how these alterations have raised financial instability. It identifies various competitive mechanisms through which financial events can affect income distribution and growth, describing how they have triggered the recent tendencies towards inequality and stagnation.This book is essential reading for researchers studying the interactions among financial markets, distribution, and growth.

Safe assets constitute an essential component of the contemporary, international financial system and are vital to its stability. As they are perceived as risk-free assets, they are a special type of financial instrument. Although the vast majority of safe assets are issued by governments, due to the increasing interdependence of economies, resulting from the liberalisation of capital flows, financial openness and the ineffectiveness of the international monetary system, issues relating to their significance, creation and allocation are global. This book combines theoretical threads by systematising the concept and characteristics of safe assets against the background of alternative financial instruments with empirical analyses that present trends in shaping demand, supply, price conditions and various interdependencies in the financial markets. It shows the position and role of safe assets in the global financial sector, in the context of ongoing challenges, such as the evolution of forms of money and the processes of currency competition, the outbreak of financial and economic crises, the accumulation of foreign exchange reserves, financial innovations, the scale of securitisation and monetary integration. Although safe assets are not a new category of financial assets, they are inherently connected with the evolution of money. Thus, this book examines the determinants of their creation, motives of holding and the consequences of a shortage – all within the changing nature of the international financial system. Historical, political and institutional backgrounds are taken into account. This book will appeal to researchers, scholars and advanced students of macroeconomics, international finance and economics, investment analysis, financial economics and econometrics.

Learn to manage your money to maximize your earning potential with Reilly/Brown/Leeds'INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, CENGAGE INTERNATIONAL EDITION, 12th Edition. The extremely reader-friendly, succinct 18 chapters equips you with a solid understanding of investment instruments, capital markets, behavioral finance, hedge funds, international investing and much more. Real-world examples and hands-on applications bring chapter concepts to life as you learn to use the same tools as investment professionals. The 12th edition's unparalleled international coverage provides specific information on non-U.S. markets, instruments, conventions and techniques. New detailed discussions explain the impact of changes in both technology, regulations and ESG mandates on global security markets. In addition, three chapters are devoted to derivatives securities, which are now standard investment instruments.

Strategy is essentially about achieving organisational success. Growth, Adaptation, Resilience, and Competition (GARC) is a general framework that helps organisations think creatively about attaining success and acknowledges the reality that there is no one single criteria for success. What drives and defines organisational success? Using the path- breaking GARC framework, this book provides an answer to this important question. Combining practice with theory, the reversal of the conventional ‘theory with practice'idea being intentional, one of the standout features of this book is that it articulates business heuristics for each of the drivers of success along with guidelines on how to use them. To illustrate the empirical grounding of the theoretical aims, the authors connect multiple real- life business cases to each of the four GARC dimensions. This book will therefore be of value to researchers, academics, practitioners, and advanced students in the fields of strategy, organisational studies, and management.

In economic theory and in management studies, innovation is widely regarded as the motor of economic activities and as being the primary source of renewal in the economic system. This view emphasizes how innovation work is organized in specialized teams inside the firm, or, alternatively, located to start-ups and similar small ventures that are strongly incentivized to innovate to survive. Rather than assuming that innovation work is a mere product of incentives provided by the market system, propelled by the individual and collective skills of the innovation team participants and the resources that they mobilize in their work, this volume examines how a market for innovation ideas is being constructed on the basis of policy making and legislative activities. Innovation Management and the Law examines how the idea of value creation is understood to be a matter of innovation activities and how such innovation activities are premised on legal rights that create not only incentives, corporations, and markets, but also more widely signal to market actors what kind of activities are consistent with policy makers'economic and social welfare objectives. The volume thus adds to the innovation management literature by introducing a comprehensive analysis of the patent system, illustrating that the patent system is itself an institution and that it should be examined in such terms when studying how innovations are generated on the basis of team production activities and legal rights that are enforceable. It will be of interest to researchers, academics, professionals, and advanced students in the fields of management, economic theory, and law.

The Routledge International Handbook of Complexity Economics covers the historical developments and early concerns of complexity theorists and brings them into engagement with the world today.In this volume, a distinguished group of international scholars explore the state of the art of complexity economics, and how it may deliver new and relevant insights to the challenges of the 21st century. Complexity science started in 1899 when Henri Poincaré described the three-body problem. The first approaches in economics emerged somewhat later, in the 1980s, driven by the Brussels-Austin school. Since then, complexity economics has gone through numerous developments: departing from linear simplifications, applying physical algorithms, to evolutionary economics and big data. This book covers the basic principles and methods, and offers an overview of the various domains—ranging from diverse fields of productivity studies, agricultural economics, to monetary economics—as well as the current challenges such as climate change, epidemics and economic inequality where complexity economics can provide insight. It closes with a review of complexity political economy and policy.Offering a vibrant alternative to orthodox economics, this handbook is a crucial resource for advanced students, researchers and economists across the disciplines of heterodox economics, economic theory and econophysics.

This edited volume constitutes the first available comprehensive business history of Latin America available in English. It offers a unique synthesis of the development of capitalism in Latin America that takes into consideration the complexities of each country, while simultaneously understanding broader commonalities. With chapters written by a group of internationally renowned senior scholars with a long trajectory in business historical research, the volume is divided into two major areas. First, the development of capitalism in some of the major economies of the region (Argentina, Brazil, Chile, Colombia, Mexico, and Peru) through the lens of management strategic decisions and entrepreneurial activity. And second, the long-term evolution of factors affecting the region's particular evolution of capitalism and business systems. They include the rise of environmentally sustainable businesses; the impact of crime on entrepreneurial activity; the evolution of family firms, the changing strategies of multinational corporations in the region; the evolution of business groups; the role of female entrepreneurs; and the challenges for conducting business in a region with poor infrastructure. This insightful collection serves both as a straightforward introduction for those looking for a broad understanding of the region and for those interested in conducting comparative studies between Latin America and other areas of the world. It will be of direct appeal to researchers and advanced students of business and economic history and international business in particular.

Learn to manage your money to maximize your earning potential with Reilly/Brown/Leeds'INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, 12th Edition. The extremely reader-friendly, succinct 18 chapters equips you with a solid understanding of investment instruments, capital markets, behavioral finance, hedge funds, international investing and much more. Real-world examples and hands-on applications bring chapter concepts to life as you learn to use the same tools as investment professionals. The 12th edition's unparalleled international coverage provides specific information on non-U.S. markets, instruments, conventions and techniques. New detailed discussions explain the impact of changes in both technology, regulations and ESG mandates on global security markets. In addition, three chapters are devoted to derivatives securities, which are now standard investment instruments.

Co-operative and mutual enterprise is one of the oldest and most enduring forms of business, encompassing co-operatives, mutual firms, friendly societies, and credit unions. This book provides an expert overview of contemporary research in this important field.Governments around the world have encouraged the development of co-operative and mutual enterprises (CMEs), yet relatively little attention has been given to them within the mainstream business and economics research literature. In this book, the author summarises the origins, impacts, and structure of the research field. The book does so by focusing on the CME business model and is structured around a conceptual framework for research into CMEs. It also explores the historical evolution of the CME research field and presents a systematic review of the literature. Foundation theories relevant to CMEs are discussed before detailed discussions of the research from a systems, enterprise, and member level perspective.This book critically analyses the state of knowledge in the field of CMEs which delivers a concise and valuable book for scholars and students in the fields of business and management around the world.

Financialization is a set of processes which has led to a financially driven and commodified economy with rising inequality, tax avoidance, and a lack of investment in the physical and social infrastructure. Given the influence of money politics, and the secular increase in the burden of debt, financialization has produced a deeply flawed economic system which mainstream economists are unable to address. This book discusses the causes and costs of financial crises, how financialization produces inequality and instability, and the patterns of value extraction it enables. It draws on key theoretical traditions, most prominently the writing of Marx, Keynes, and Minsky that illuminate much that is ignored and rejected in mainstream theorizing, including by many who identify as Keynesians. After decades of low interest rates and years of quantitative easing (QE), keeping borrowing costs near zero, many borrowers – households, businesses, banks, shadow banks, and governments – will not be able to finance their debt at the higher interest rates initiated by central banks to address inflation. The resulting stagflation will be global, producing a severe downturn that may be postponed through still greater debt creation but not avoided by conventional means. The book also explores the ways that standard financial criteria contribute to the climate emergency and the manner in which the commodification of nature proceeds from the desire to create new, marketable derivative products. It concludes with a discussion of what needs to be done to move away from a harmful regime of accumulation premised on financialization and to adopt a far better one. This book is essential reading for anyone interested in the causes and consequences of financialization and its impact on the economy.

This book defines regional climate leadership in East Asia and the Pacific as a novel addition to the climate leadership theory. It develops criteria for measuring such leadership on a country basis and uses these for assessing the efforts of developed, lesser-developed, and developing countries within these regions.The book suggests that regional climate leadership consists of leading domestic actions, leading actions within the region, leading actions that are regionally coordinated, and leading actions on a differentiated basis between countries with greater and lesser capacity, and with neighbourly intent. The book is policy and climate solutions-focused, and identifies opportunities for lesson learning and policy transfer for more effective mitigation and adaptation. These solutions take into account the widely varying and complex geographical, political, and institutional circumstances of the region.It is intended for a broad readership of climate policy actors, including policy professionals, academics, non-government researchers, and all who are looking for climate leadership solutions to the problems of accelerating climate impact in East Asia and the Pacific.

Financial communication and investor relations are strategic corporate functions, tasked with fostering relationships with financial audiences, such as investors, analysts, and journalists. These financial audiences are of critical importance to the establishment, growth, and sustainable success of corporations. This book draws on insights from finance and accounting research, economics, and psychology as well as media and communication studies to explain the role of effective financial communication in corporate disclosure, storytelling, and relationship management on capital markets.It explores both theories of and empirical evidence for effects of financial communication on key audiences and derives principles for effective financial communication and investor relations. This book develops a distinct perspective, guiding readers through the state of research by focusing on the effects and effectiveness of financial communication. For both practice and academia, it derives evidence-based implications for the role and management of financial communication and investor relations.This book makes a valuable resource for scholars and graduate students studying or researching investor relations and financial communication across schools of communication, finance and accounting, and business and management. Offering practical implications, it will also serve as a much-needed guide for practitioners.The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution‑Non Commercial (CC‑BY‑NC) 4.0 license.

A collection of ten classic texts of 20th-century British political economy. The texts deal with managed capitalism, the welfare state and the middle ground, and should promote readers'understanding of British politics and economic ideology in the years since the Great Depression.

Fundamentals of International Aviation Law and Policy offers students a systematic, tailored and dynamic approach to understanding the legal scenario concerning international civil aviation. The book covers the major areas of international aviation law and provides an introduction to the multifaceted international regulation of aviation activities in the sphere of public and private law. The book is designed to provide the reader with the fundamental notions concerning international aviation law. It adopts an interactive approach, which aims at engaging the reader by way of using learning tools. The main areas of public and private aviation law are dealt with from a regulatory and practical perspective, and include detailed analyses of existing and applicable legislations, as well as landmark court cases and decisions.Each chapter is tailored to confer to readers a thorough knowledge of the applicable international and, if any, the European legislation. Delivery of these aims is attained through a clear and balanced use of didactic instruments and immediate information. New chapters cover aircraft financing and advanced air mobility, giving this second edition of Fundamentals of International Aviation Law and Policy even greater coverage and depth.The book is intended for a varied audience of students and professionals involved in the aviation world, without requiring the possession of specific legal knowledge or background. It also constitutes a useful reference material for those who are familiar with legal terminology and aviation specifics.

Environmental Economics: The Essentials offers a policy-oriented approach to the increasingly influential field of environmental economics that is based on a solid foundation of economic theory and empirical research. Students will not only leave the course with a firm understanding of environmental economics, but they will also be exposed to a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies. This key text highlights what insights can be derived from the actual experience.Key features include: Extensive coverage of the major issues, including climate change, air and water pollution, sustainable development, and environmental justice Introductions to the theory and method of environmental economics, including externalities, experimental and behavioral economics, benefit-cost analysis, and methods for valuing the services provided by the environment Boxed Examples and Debates throughout the text, which highlight global cases and major talking points This second edition provides updated data, new studies, and more international examples. There is a considerable amount of new material, with a deeper focus on climate change. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book, as well as a suite of supplementary digital resources, including multiple-choice questions, simulations, references, slides, and an instructor's manual. It is adapted from the 12th edition of the best-selling Environmental and Natural Resource Economics textbook by the same authors.

Get the Summary of Gregory Zuckerman's The Man Who Solved the Market in 20 minutes. Please note: This is a summary & not the original book.'The Man Who Solved the Market'by Gregory Zuckerman chronicles the life and career of Jim Simons, a mathematician who revolutionized the financial world with his hedge fund, Renaissance Technologies. The book begins with Simons's early life, his passion for mathematics, and his academic journey, including his time at MIT and Berkeley. Simons's initial foray into trading was marked by both successes and setbacks, but his determination led him to develop innovative trading models that ignored traditional metrics...

Looks at the origins and consequences of seminal financial crises throughout history, combining contemporary texts from nineteen financial disasters between 1763 and 1994, with academic interpretations of the major causes and consequences of each crisis. These documents contain evaluations of the underlying causes of the various crises.

Following multiple global crises, there is an urgent need to review our economic and financial paradigms to improve outcomes for the three pillars of sustainable development: economic, social, and environmental. In response, various strands of new economic thinking have emerged such as degrowth, the collaborative economy, solidarity economy, sharing economy and social entrepreneurship. This book explores the various economic and financial dimensions of sustainable development drawing on new and existing theories.This comprehensive book is divided into four sections, each presenting the results of a team of international researchers, tackling the issue from a global, macroeconomic, and microeconomic approach. The first part examines the determinants of sustainable development in the global economy, while the second looks at enterprise in a sustainable world. The third section analyses the financial markets and the fourth addresses economic policy and sustainable development. A wide array of sustainability concerns are discussed in-depth, from analysing changes in environmental social, and governance reporting and assessing their impact on the information systems and reporting of economic entities; exploring the transition to'Industry 5.0', and how technological innovation can be deployed to support a better fit and'win-win'interaction between industry and society, shifting focus from economic and technological factors to important environmental and social dimensions.The monograph is an invaluable resource for scholars, researchers, and students of applied, development, growth, resource, and welfare economics. The policy recommendations will be of benefit to policymakers concerned with issues of sustainable development generally and the Sustainable Development Goals specifically.

This book explores the significant impact of FinTech on the financial industry and how it could be used to promote legitimate development in the global economy. It takes readers on an engaging tour of the field of FinTech, immersing them in a thorough investigation of the technological advancements, creative business models, and regulatory issues that define the FinTech landscape.The book begins by documenting the rise of FinTech, providing historical context, and highlighting key milestones. It delves into the numerous technologies that have fuelled the FinTech revolution and offers valuable insights into the ongoing evolution of the financial industry and its implications for individuals, businesses, and society. It explores topics such as microfinance, digital lending, social impact investing, and sustainable finance, signalling the ability of FinTech to foster financial inclusion, reduce poverty, and drive sustainable economic growth in developing economies. The book takes into account ethical as well as regulatory considerations, and the importance of striking a balance between innovation and consumer protection. The book offers a comparative regional perspective and provides case studies of successful FinTech organizations from across the world. It concludes by providing an in-depth exploration of future trends and predictions, with a specific focus on emerging technologies such as ChatGPT and their potential impact.This will be a useful reference for researchers, scholars, and students, concerned with the changing dynamics of the industry in an increasingly digital and interconnected world.

This is an open access book. 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024) is scheduled to be held in Wuhan, China from April 26 to 28, 2024.The meeting mainly focused on the research fields of Digital Economy, Management Science. The conference aims to provide a platform for experts and scholars engaged in economy, management and science to share scientific research achievements and cutting-edge technologies, understand academic development trends, broaden research ideas, strengthen academic research and discussion, and promote the industrialization cooperation of academic achievements. Experts, scholars, business people and other relevant personnel from universities, scientific research institutions at home and abroad are sincerely invited to attend the conference!

This book is dedicated to the 120th anniversary of economic education at Peter the Great St. Petersburg Polytechnic University (SPbPU). It gathers the best and most recent research materials of scientists from SPbPU's Institute of Industrial Management, Economics and Trade and their colleagues from other universities.This book reflects many years of experience, unique results and interesting discoveries made by collaborative teams exploring the following issues: engineering economics, sustainable development and other topics related to the digitalization of enterprises, industries and systems; digital transformation of the service market in the face of global challenges; automation of enterprise control systems, digital and data management solutions for business; socio-economic development and territorial management in the era of Industry 4.0, etc. This book offers various views on challenges faced by today's economy and industry that are undoubtedly relevant to readers of almost all categories: from students to practitioners and scientists, but mostly for researchers.

What does it take to be – or to become – a successful entrepreneur? Are there specific personality types that are best suited to entrepreneurship? And can these types, or rather the attributes that combine to forge them, be learned or acquired? In this book, John Thompson answers these questions – and many more – to let the reader see through the eyes of the entrepreneur. Entrepreneurs: Talent, Temperament, Opportunity and Mindset introduces the world of entrepreneurship from a person-centred perspective. Part 1 builds an understanding of the entrepreneur as a person based on the key factors of talent and temperament – a unique framework for understanding and exploiting entrepreneurial opportunities. Part 1 also explores the entrepreneurial mindset and how it can be honed and strengthened. The process of starting and growing a business is then described in detail in Part 2, which also examines entrepreneurship in the context of opportunity and strategy. Part 3 introduces the infrastructure and environment in which the entrepreneur has to operate and tells the stories of famous entrepreneurs through dozens of case vignettes, including classic figures such as Henry Ford, through to social entrepreneurs and even anti-social entrepreneurs such as Al Capone! This insightful, empirically-based take on the entrepreneur provides students with an accessible and original way into entrepreneurship. Whatever their background, students at all levels will value the author's accessible writing style and invaluable insights.

The inside story of the unprecedented restructuring of Greece's debt in 2012—the largest restructuring in history—and how the Eurozone was stabilized and Greece was saved from exit from the Euro and economic calamity. In the fall of 2009, the world economy was beginning to recover from the global financial crisis that had shaken global markets and had led to a sharp recession. At the same time, Europe was entering a new phase of economic stress. By the spring of 2011, the European economy had exploded into a full-blown crisis with Greece at the center. The euro, a currency just over a decade old, was under severe pressure and there was growing speculation about Greece leaving the Eurozone and thereby fracturing the common currency, leading potentially to an unraveling of the euro. Against this backdrop, urgent negotiations were launched to pull Greece and Europe back from the brink of disaster. This is the inside story of those negotiations.

Air Transport Economics: From Theory to Applications uniquely merges the institutional and technical aspects of the aviation industry with their theoretical economic underpinnings. Its integrative approach offers a fresh point of view that will find favor with many students of aviation. This fourth edition has undergone extensive updates throughout. It features new material addressing the impact of COVID-19 on the air transport industry, and the efforts made by both the industry and governments to facilitate recovery. A new chapter examines the impact of air transport on climate change and how government policies to address this issue could reshape the industry. Additionally, alongside expanded coverage of revenue management and pricing decisions, this fourth edition incorporates case studies that give real-world examples to reflect current industry practices. Moreover, there is a discussion of the latest computer applications that enhance the effectiveness of the new techniques. This book offers a self-contained theory and applications-oriented text for individuals aspiring to enter the aviation industry as a practicing professional in the management area. It will be of the greatest relevance to undergraduate and graduate students aiming to acquire a comprehensive grasp of the economics of the aviation industry. The review questions at the end of each chapter have been expanded considerably, and an online assignment has been introduced for each chapter. This book will also appeal to many professionals who seek an accessible and practical explanation of the underlying economic forces that shape the industry.

Fair Trade constitutes a social-business initiative that plays a crucial role in the transition towards a'sustainable market economy', countering the major challenges of the 21st century. This research monograph reveals the mechanisms behind this process. It argues that Fair Trade constitutes a new type of market,'a Dispersed Hybrid Market (DHM)', that due to its specific features contributes to a more pro-social functioning of the entire market and taking responsibility for sustainable development by different market participants. It demonstrates, thus, what was underestimated about Fair Trade, and which is extremely important, that it can have a positive impact on the market in terms of sustainable transformation. The book is intended for researchers, lecturers, students, practitioners, and political decision-makers interested in sustainable development, Fair Trade, and transition towards sustainable markets, business, and economy. It contributes to better understanding of sustainability challenges explaining specifics of Fair Trade market, revealing paradoxes and barriers of its development and showing mechanisms of its spillover effects. It also develops arguments about the need to change the role of the state in the face of global challenges and to support such grassroots international initiatives as Fair Trade. Therefore the practical recommendations address both the desired directions of development of the self-governance of this initiative and the expected role of the state towards it, in particular possible ways to strengthen it.

This book is open access. About ESFCT 2024 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade ESFCT2022 has been successfully held on July 22-24, 2022 in Xi'an, China. ESFCT2023 has been held on July 28-30, 2023 in Dali, China. In the ever-evolving landscape of global economics, the integration of smart finance and the intricacies of contemporary trade practices play a pivotal role in shaping the future of economies around the world. The 3rd International Conference on Economics, Smart Finance, and Contemporary Trade (ESFCT 2024) serves as a premier forum for academics, researchers, professionals, and policymakers from various disciplines to engage in a comprehensive discussion on the latest trends, challenges, and advancements in the field. ESFCT 2024 aims to foster a deeper understanding of the dynamic interplay between economic theories, the innovative application of smart financial instruments, and the evolving nature of global trade dynamics. Research Background: The landscape of global finance and trade has been undergoing substantial transformations, driven by technological advancements, shifts in geopolitical relations, and changing consumer behaviors. The emergence of smart finance, characterized by the application of blockchain, artificial intelligence, and big data analytics, has revolutionized the way financial services are delivered and consumed. Concurrently, contemporary trade practices are adapting to new realities, including the rise of e-commerce, changes in supply chain management, and the increasing importance of sustainability considerations. Amidst these shifts, understanding the economic implications of these trends is crucial for policymakers, businesses, and researchers alike. Research Status: Current research in the domain of economics, smart finance, and contemporary trade is vast and multifaceted, reflecting the complexity of the global economic system. Theories of economic growth and development continue to evolve, incorporating insights from behavioral economics, environmental economics, and the study of economic resilience. In the realm of smart finance, significant progress has been made in exploring the potential of technologies like blockchain for enhancing transparency, reducing fraud, and facilitating more efficient transactions. Similarly, research on contemporary trade practices is focusing on the impact of trade wars, the reconfiguration of global supply chains, and the role of international trade agreements in shaping economic outcomes. Research Objectives: The primary objectives of ESFCT 2024 are to: 1. Provide an interdisciplinary platform for sharing the latest research findings, innovative ideas, and best practices in the fields of economics, smart finance, and contemporary trade. 2. Foster collaboration among participants from academia, industry, and government to address the complex challenges facing the global economy. 3. Highlight the implications of recent technological advancements for financial services, trade practices, and economic policy. 4. Explore the interconnections between economic theory, financial innovation, and trade dynamics, with a particular focus on sustainability and inclusion. 5. Encourage the development of forward-looking strategies that leverage the potential of smart finance and contemporary trade to promote economic growth and resilience.

This book provides a first-of-its-kind analysis of the emerging global hydrogen economy from the vantage point of one of the world's biggest energy providers: Saudi Arabia. In 2021, and within the context of the Circular Carbon Economy framework, Saudi Arabia announced its goal to reach net-zero carbon emissions by 2060 and produce a substantial amount of clean hydrogen annually by 2030. The Kingdom is optimally situated geographically between the major demand markets in Europe and North Asia, from where it can leverage clean hydrogen exports as a potential tool to become a player of strategic importance and successfully diversify its economy under its Vision 2030 program. More broadly, the book charts a course for fossil fuel-exporting countries such as Saudi Arabia to carve a competitive position for themselves over the forthcoming decades using clean hydrogen as a catalyst for the energy transition.With contributions from global energy experts, the chapters in this book provide a multifaceted analysis of the'who,''what,''where,'and'why'related to clean hydrogen development within and beyond Saudi Arabia. Collectively, the contributions analyze the countries and regions relevant to Saudi Arabia in terms of dedicated hydrogen policies, projects, and approaches that aim to incentivize production and demand in an increasingly carbon-constrained world. The book is a timely, unique and an indispensable resource for practitioners and students of energy, geopolitics, and climate policy working on hydrogen in academia, applied research, national government bodies, and international organizations.The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

This is an open access book. 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023) was held on December 29–30 2023. The idea of the conference is for the scientists, scholars, engineers, and students from Universities all around the world and the industry to present ongoing research activities, and hence to foster research relations between the Universities and the industry. This conference provides opportunities for the delegates to exchange new ideas and application experiences face to face, establish business or research relations, and find global partners for future collaboration. EMFIPS 2023 also aims to provide a platform for experts, scholars, engineers, technicians and technology R&D personnel to share scientific research results and cutting-edge technologies, understand academic development trends, expand research ideas, strengthen academic research and discussion, and promote cooperation in the industrialization of academic achievements. All full paper submissions to the EMFIPS 2023 should be written in English. They will be sent to the committee and reviewed by at least two editors. All papers will be evaluated based on originality, technicality, research depth, accuracy, relevance to conference, academic contributions, and readability.

Emphasizing the new challenges posed by the data science revolution, digital media, and changing norms, Research Ethics in Applied Economics examines the ethical issues faced by quantitative social scientists at each stage of the research process. The first section of the book considers project development, including issues of project management, selection bias in asking research questions, and political incentives in the development and funding of research ideas. The second section addresses data collection and analysis, discussing concerns about participant rights, data falsification, data management, specification search, p-hacking, and replicability. The final section focuses on sharing results with academic audiences and beyond, with an emphasis on self-plagiarism, social media, and the importance of achieving policy impact. The discussion and related recommendations highlight emergent issues in research ethics. Featuring perspectives from experienced researchers on how they address ethical issues, this book provides practical guidance to both students and experienced practitioners seeking to navigate ethical issues in their applied economics research.

This book focuses on advances in economic research. Chapter 1 is aimed at the mainstream adoption of blockchain technology which has prompted central banks worldwide into exploring the possibility of implementing digital forms of their fiat currencies. Chapter 2 examines the agreements and commitments made in the RCEP with a view to identifying how to harness the largest plurilateral FTA in terms of small open economies, using Thailand as the case study. Chapter 3 revisits the debate triggered by several proposals to reform the EU's fiscal governance framework and assess their potential impact on MS'public finances, aiming at providing a critical analysis of how those proposals were reflected in the new legislation. Chapter 4's objective is to model and forecast T&T's import of vegetables and fruit, and to provide policy recommendations to address T&T's reliance on imported fruits and vegetables. Chapter 5 presents the actions of companies carrying out their business activities in Bulgaria related to innovations, the strategies they apply for competitiveness, the communications carried out, the partner relations they maintain, the actions in harmony with the Environmental, Social, and Governance (ESG) framework and innovations, which implement it. Chapter 6 aims to synthesize the current state of knowledge and subsequent research in cross-border mergers and acquisitions in Europe to provide unique economic and analytical tools, methods, and approaches through which we can orient ourselves with the arising developments and issues of M&As. Chapter 7 aims to establish the relationship between the indicator of the share of expenditures on alcoholic beverages in household final consumption expenditures and the value of HDI. Finally, Chapter 8 focuses on the financial crisis and the COVID19 crisis, comparing how each of these two unforeseen crises may have affected the happiness of people in different countries.

Understanding how to build and manage a sustainability business plan has become a business imperative as investors demand, regulators require, and stakeholders increasingly expect companies to report their financial economic sustainability performance (ESP) and non-financial environmental, social, and governance (ESG) sustainability information. This book provides both the rationale for and key practical steps in how to approach business sustainability factors of planning, performance, risk, reporting, and assurance.This comprehensive book covers all the areas that a business would need to embed, articulate, and execute a strategy of profit-with-purpose in promoting shared value creation for all stakeholders. It addresses drivers, sources, and international guidelines (GRI, IIRC, SASB, FASB, PCAOB, IAASB, ISSB) for prioritising business sustainability factors, and establishing the link between ESG performance and financial performance. It presents key performance indicators (KPIs) of ESP and ESG dimensions of sustainability performance. It also provides templates for performance, risk, and disclosure; presenting cases and examples of why to disclose ESG performance, what to disclose, and where and how to disclose ESG performance information.For businesses wanting a detailed understanding of how to deliver on these important areas, including boards of directors, senior management, financial officers, internal auditors, external auditors, legal counsel, investors, and regulators, this book is an invaluable resource.