For decades, economic policymakers have worshipped at the altar of combating inflation, reducing public deficits, and discouraging risky behavior by investors. That mindset made them hesitate when the global financial crisis erupted in 2007–08. In the face of the worst economic disaster in 75 years, they often worried excessively about the risks and possible losses from their actions, rather than moving forcefully to support financial institutions, governments, and people. Ángel Ubide's provocative thesis in Paradox of Risk is that central banks' fear of inflation and risk taking has hampered their efforts to revive global prosperity. In their confusion, he argues, policymakers made the recovery weaker. He calls on world leaders to abandon old shibboleths and learn the lessons from the financial crisis and its sluggish aftermath. Ubide mobilizes a wealth of research on the experience from the last decade, urging policymakers to leave their "comfort zone," embrace risk taking, and take bolder action to brighten the world's economic prospects. (The Centre for International Governance Innovation (CIGI) provided funding for this study).
This is exactly the sort of book we need more of to develop and deepen empirical and theoretical research in regulatory scholarship: - it helpfully melds together different literatures and theoretical approaches with her own empirical work ...
High Returns from Low Risk provides all the tools one needs to achieve excellent, long-term investment results. 'I loved reading this book. It's educational, humble, funny and philosophical; quite rare attributes for a financial book.
Future Risks and Risk Management provides a broad perspective on risk, including basic philosophical issues concerned with values, psychological issues, such as the perception of risk, the factors that generate risks in current and future ...
Filled with heartbreaking stories of loss and resilience, the book is a must-read for policy-makers who want to build more prepared communities.
In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being.
Foreign Exchange Risk Management: The Paradox
... 2010); Simon Wigley and Arzu AkkoyunluWigley, “The Impact of Democracy and Media Freedom on Under-5 Mortality, 1961–2011,” Social Science and Medicine 190 (2017): 237–224; Andrew C. Patterson, “Not All Built the Same?
Solving defender-attackerdefender models for infrastructure defense. In K. Wood & R. Dell (Eds.), Operations research, computing and homeland defense (pp. 28–49). Hannover, MD: Institute for Operations Research and the Management ...
About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work.
Defense expert Michael O'Hanlon wrestles with these questions in this insightful book, setting them within the broader context of hegemonic change and today's version of great-power competition.