ECONOMIC policy, EXPORTS, MACROECONOMICS, INTERNATIONAL agencies, ECONOMIC forecasting, and POLAND
The aim of this paper is to present the results of an analysis and evaluation of the implementation of one of the tasks of the Strategy for Responsible Development (SRD) until 2020 (with a perspective up to 2030), adopted in Poland, which should increase Poland's foreign expansion. The paper attempts to present these results in the context of diagnoses, forecasts and recommendations (developed by experts of global organizations) regarding macroeconomic policy directions for the coming years recommended for member countries of such organizations as the International Monetary Fund, the World Bank Group, the OECD and UNCTAD/UN. [ABSTRACT FROM AUTHOR]
Financial leverage, Economic policy, Business finance, Business development, and Capital market
Whether we are discussing ways of financing at national or European level, doing business at the level of a company generates important financing needs related to the exploitation cycle, as well as development, restructuring or modernization activities. For their funding, internal and external resources can be used. As a rule, investment activity is the most important "consuming" of external resources. As the company has more possibilities to finance its business, it is a question of choosing the ones that best fit its needs. This selection is made taking into account certain conditions limiting the scope of resource procurement. Long-term resource needs can be met by appealing to the banking system, the capital market, specialized firms or the state. Since these resources are part of the permanent capital, being found in the company's financial mechanism for a long period of time, a proper substantiation of the financing decision is required. In this respect, the ratio between leverage finance and equity must provide the lowest funding cost, with funding decisions based on optimizing the proportion of the funding source, allocation and use of funds, and obtaining future financial surpluses that will allow reimbursement lending and business development. Establishing a financial structure is an important decision that is included in the company's financial policy. Thus, it is necessary to decide how to allocate funding between short-term debt and the use of permanent capital. Moreover, we are currently witnessing a great deal of challenges in how to finance a company, funding using digital technologies is one of the most current ways. [ABSTRACT FROM AUTHOR]
Journal of Economic Issues (Taylor & Francis Ltd). Jun2019, Vol. 53 Issue 2, p571-578. 8p. 1 Diagram, 1 Map.
Economic policy, International economic relations, Economic development, International trade, and Silk Road
Although worldwide poverty, a basic concern of John Kenneth Galbraith, is reducing on average, I argue that poverty remains a critical issue in many countries. This led the Chinese government to propose the Belt and Road Initiative (BRI) in 2013. Broadly, the BRI constructs a cross-continental nexus between countries to reduce their development uncertainties by increasing their connectivity. As a result, the Chinese government has invested trillions of infrastructure dollars in projects that have been introduced to the involved countries as sovereign debt along with the participation of Chinese multinational corporations. Although evidence has shown that this initiative is gaining increasingly more support from the less-developed countries, signs of uncertainty in various forms have clearly emerged. In light of such, I propose that possible in-country political instability, political conflicts among the participating countries, national debt defaults, and competition between China and the United States of America in regional influence may have added to the underlying uncertainties that have challenged the world. [ABSTRACT FROM AUTHOR]
A major and persistent question behind economic theories and related policies is whether the market can self-regulate without any restrictive exogenous intervention or whether regular and binding public regulation is necessary for ensuring the reproduction of the economic system in a sustainable way over time. This article considers this question with regard to the working of financial markets in a liberalized environment. Drawing upon an institutionalist stance, the article shows why the operation of a financialized capitalist economy usually leads to systemic imbalances and crises. The article then suggests an alternative framework for a consistent financial regulation that could prevent market actors from developing short-sighted strategies and gambling on macro stability. [ABSTRACT FROM AUTHOR]
Journal of Economic Issues (Taylor & Francis Ltd). Jun2019, Vol. 53 Issue 2, p478-487. 10p. 1 Chart, 4 Graphs.
Monetary policy, Economic policy, Economic development, Central banking industry, Credit control, Open market operations, and Global Financial Crisis, 2008-2009
Inspired by institutionalist historical typology, this article traces the evolution of macroeconomic policy and macro performance primarily through the lenses of what happened with the behavior of central bank policy since the time of the publication of John Kenneth Galbraith's The Age of Uncertainty. In contrast to the traditional mainstream approach of addressing the impact of monetary policy, this paper points to and analyzes its influence through the angle of central bank policy's effect on income distribution in conditioning macroeconomic performance. [ABSTRACT FROM AUTHOR]
Journal of Economic Issues (Taylor & Francis Ltd). Jun2019, Vol. 53 Issue 2, p411-416. 6p. 2 Charts.
Monetary policy, Economic policy, Economic development, Inflation (Finance), and Banking industry
Since the global financial crisis of 2007–2008, central bankers around the world have been forced to abandon conventional monetary policy tools in favor of unconventional policies such as quantitative easing, forward guidance, and even lowering the interest rate paid on bank reserves into negative territory. Japan, which faced a crisis in its banking sector and came up against the theoretical zero lower bound on interest rates nearly a decade earlier, was a pioneer in the use of many of these unconventional policy tools. This article analyzes the effectiveness of Japan's bold experiment with unconventional monetary policy. Using a panel of bi-annual bank data covering the full universe of Japanese commercial banks over a fifteen-year period, this study analyzes the effectiveness of quantitative easing policy on the bank lending channel of monetary policy transmission. Our findings suggest that Japan's unconventional monetary policy worked: there is a bank lending channel of monetary policy transmission in Japan. These results are robust to the inclusion of time fixed effects and generalized method of moments analysis. [ABSTRACT FROM AUTHOR]
Government regulation, Tariffs -- Laws, regulations and rules, Tariffs -- Political aspects, Immigration policy -- Political aspects, Presidents -- Economic policy, and Presidents -- Social policy
To listen to this broadcast, click here: http://www.npr.org/templates/transcript/transcript.php?storyId=731044395 HOST: LULU GARCIA-NAVARRO (SOUNDBITE OF ARCHIVED RECORDING) ANDRES MANUEL LOPEZ OBRADOR: Viva Mexico. Viva Mexico. LULU GARCIA-NAVARRO: That's Mexico's president Andres [...]