Central Bank Evolution: Lessons Learnt from the Sub-Prime Crisis

The problem of a European Constitution is discussed at a fundamental level. In which way, can we speak about such a Constitution? Thearticle argues against the “postnational souveranism”, legitimating state against citizens. A new kind of citizenship is favoured based on extended social rights. The constitution now proposed contrarily makes the European Central Bank and its neoliberal policy to central and nearly unchangeable institution.

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Conditions for the Hi-tech Complex Development

Voprosy Ekonomiki ◽

10.32609/0042-8736-2003-2-26-39 ◽

2003 ◽

pp. 26-39

Author(s):

V. Maevsky ◽

B. Kuzyk

Keyword(s):

Economic Development ◽

Central Bank ◽

Developed Countries ◽

Industrial Society ◽

Monetary Base ◽

Complex Development ◽

Bank System ◽

Post Industrial

A project for the long-term strategy of Russian break-through into post-industrial society is suggested which is directed at transformation of the hi-tech complex into the leading factor of economic development. The thesis is substantiated that there is an opportunity to realize such a strategy in case Russia shifts towards the mechanism of the monetary base growth generally accepted in developed countries: the Central Bank increases the quantity of "strong" money by means of purchasing state securities and allocates the increment of money in question according to budget priorities. At the same time for the realization of the said strategy it is necessary to partially restore savings lost during the hyperinflation period of 1992-1994 and default of 1998 and to secure development of the bank system as well as an increase of the volume of long-term credits on this base.

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The end of Alchemy of Finance and Sovereign Money (on the books by M. King “The end of Alchemy: Money, Banking and the Future of the Global Economy” and by J. Huber “Sovereign Money. Beyond Reserve Banking”)

Voprosy Ekonomiki ◽

10.32609/0042-8736-2017-12-131-141 ◽

2017 ◽

pp. 131-141 ◽

Cited By ~ 2

Author(s):

V. Yefimov

Keyword(s):

Economic Policy ◽

Central Bank ◽

Institutional Theory ◽

Money Supply ◽

Government Spending ◽

Global Economy ◽

Private Banks ◽

Money Creation ◽

Ministry Of Finance ◽

Reserve Banking

The review discusses the institutional theory of money considered in the books by King and Huber, and the conclusions that follow from it for economic policy. In accordance with this theory, at present the most of the money supply is created not by the Central Bank but by private banks. When a bank issues a loan, new money is created, and when the loan is repaid this money is destructed. The concept of sovereign money involves the monopoly of money creation of the central bank. In this case the most of newly created money is handed over to the ministry of finance to implement government spending.

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Global Financial Crisis and Its Impact on Russia

Voprosy Ekonomiki ◽

10.32609/0042-8736-2009-1-9-27 ◽

2009 ◽

pp. 9-27 ◽

Cited By ~ 9

Author(s):

A. Kudrin

Keyword(s):

Monetary Policy ◽

Fiscal Policy ◽

Financial Crisis ◽

Central Bank ◽

Global Financial Crisis ◽

Developed Countries ◽

Real Economy ◽

Energy Prices ◽

Russian Government ◽

The Real

The article examines the causes of origin and manifestation of the current global financial crisis and the policies adopted in developed countries in 2007—2008 to deal with it. It considers the effects of the financial crisis on Russia’s economy and monetary policy of the Central Bank in the current conditions as well as the main guidelines for the fiscal policy under different energy prices. The measures for fighting the crisis that the Russian government and the Central Bank use to support the real economy are described.

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Learning from megadisasters: lessons learnt from the Great East Japan earthquake and tsunami

ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT ◽

10.3280/efe2014-003001 ◽

2015 ◽

pp. 5-17 ◽

Cited By ~ 2

Author(s):

Federica Ranghieri

Keyword(s):

Great East Japan Earthquake ◽

Lessons Learnt

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Engaging Diaspora in Reconciliation Efforts in Sri Lanka: Lessons Learnt

MIGRATION LETTERS ◽

10.33182/ml.v17i1.739 ◽

2020 ◽

Vol 17 (1) ◽

pp. 7-16

Author(s):

Amjad Mohamed-Saleem

Keyword(s):

Sri Lanka ◽

Cultural Capital ◽

Trust Building ◽

Social And Cultural Capital ◽

Engagement Strategies ◽

Post Conflict ◽

Lessons Learnt ◽

The World ◽

Conflict Reconciliation ◽

National Framework

With nearly three million Sri Lankans living overseas, across the world, there is a significant role that can be played by this constituency in post-conflict reconciliation. This paper will highlight the lessons learnt from a process facilitated by International Alert (IA) and led by the author, working to engage proactively with the diaspora on post-conflict reconciliation in Sri Lanka. The paper shows that for any sustainable impact, it is also critical that opportunities are provided to diaspora members representing the different communities of the country to interact and develop horizontal relations, whilst also ensuring positive vertical relations with the state. The foundation of such effective engagement strategies is trust-building. Instilling trust and gaining confidence involves the integration of the diaspora into the national framework for development and reconciliation. This will allow them to share their human, social and cultural capital, as well as to foster economic growth by bridging their countries of residence and origin.

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