The Future of China's Bond Market

The Future of China's Bond Market

Author: Mr. Alfred Schipke

Publisher: International Monetary Fund

Published: 2019-03-13

Total Pages: 52

ISBN-13: 151358278X

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China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.


Book Synopsis The Future of China's Bond Market by : Mr. Alfred Schipke

Download or read book The Future of China's Bond Market written by Mr. Alfred Schipke and published by International Monetary Fund. This book was released on 2019-03-13 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.

The Future of Work in Sub-Saharan Africa

The Future of Work in Sub-Saharan Africa

Author: Aidar Abdychev

Publisher: International Monetary Fund

Published: 2018-12-17

Total Pages: 59

ISBN-13: 1498306810

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Far-reaching changes in technology, climate, and global economic integration are transforming the world of work in ways that we do not yet fully understand. Will the swift technological advances of the Fourth Industrial Revolution raise the standards of living for everyone? Or will robots massively displace workers leading to a jobless future where only a few benefit from the fruits of innovation? Will mitigation efforts be able to cushion the adverse effects of climate change, including food shortages and mass migration, which would place extra pressure on urban labor markets? Will countries continue to integrate commercially and financially, fostering growth and employment? Or will trade wars become a norm in a world increasingly fragmented and inward-looking? In sub-Saharan Africa, these uncertainties meet a dramatic increase in population and a rapid expansion in the labor force, which is becoming increasingly urban.


Book Synopsis The Future of Work in Sub-Saharan Africa by : Aidar Abdychev

Download or read book The Future of Work in Sub-Saharan Africa written by Aidar Abdychev and published by International Monetary Fund. This book was released on 2018-12-17 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Far-reaching changes in technology, climate, and global economic integration are transforming the world of work in ways that we do not yet fully understand. Will the swift technological advances of the Fourth Industrial Revolution raise the standards of living for everyone? Or will robots massively displace workers leading to a jobless future where only a few benefit from the fruits of innovation? Will mitigation efforts be able to cushion the adverse effects of climate change, including food shortages and mass migration, which would place extra pressure on urban labor markets? Will countries continue to integrate commercially and financially, fostering growth and employment? Or will trade wars become a norm in a world increasingly fragmented and inward-looking? In sub-Saharan Africa, these uncertainties meet a dramatic increase in population and a rapid expansion in the labor force, which is becoming increasingly urban.

Has Asia Lost It?: Dynamic Past, Turbulent Future

Has Asia Lost It?: Dynamic Past, Turbulent Future

Author: Vasuki Shastry

Publisher: World Scientific

Published: 2021-02-25

Total Pages: 332

ISBN-13: 9811228426

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''Shastry's polemic cites extensive research from experts and exploits the author's knowledge of Asia and his connections to the region's elite, with whom he rubs shoulders at Davos and other summits. What shows through in the book though is Shastry's compassion for the continent's ordinary people.'IMF F&D MagazineAsia has been the greatest show on earth since Japan's rise from the ashes of World War II, accompanied in successive decades with the emergence of the Asian tigers, and eventually the two giants China and India. The Asian miracle has few precedents in the modern era, with billions lifted from poverty in a generation. The region's openness to trade and investment aligned perfectly with the tailwinds of globalisation. However, in recent years Asia has become a victim of its own success with commentators not differentiating between a utopian high-income Asia and a dystopian middle- and low-income Asia, where a significant majority of the region's population live. Asia today can be divided into countries which have a lot, have a little, and have none. The continent's dream run is also coming to an end as Covid-19 exposes sharp weaknesses in state capacity and structural challenges like the U.S.-China trade war is putting globalisation into reverse gear, jeopardising the region's hard-earned economic success. Asia's growth-obsessed policymakers have also ignored social pressures from the impact of technology on jobs, rising inequality, fabulous wealth accumulation by a favoured billionaire class, a deepening demographic divide, climate distress, and gender disparity, which threaten to destabilise the region's famed cohesiveness. In his penetrating new book, well-known Asia expert Vasuki Shastry argues that while Asia's reckoning may have been the subject of speculation before the pandemic, Covid-19 has made that inevitable. Inspired by Dante's Inferno, Shastry takes readers on a journey through modern Asia's eight circles of hell where we encounter urban cowboys and cowgirls fleeing rural areas to live in increasingly uninhabitable cities, disadvantaged teenage girls unable to meet their aspirations due to social strictures, internal mutiny, messy geopolitics from the rise of China, and a political and business class whose interests are in conflict with a majority of the population. Shastry challenges conventional thinking about Asia's place in the world and the book is essential reading for those with an interest in the continent's future.Related Link(s)


Book Synopsis Has Asia Lost It?: Dynamic Past, Turbulent Future by : Vasuki Shastry

Download or read book Has Asia Lost It?: Dynamic Past, Turbulent Future written by Vasuki Shastry and published by World Scientific. This book was released on 2021-02-25 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''Shastry's polemic cites extensive research from experts and exploits the author's knowledge of Asia and his connections to the region's elite, with whom he rubs shoulders at Davos and other summits. What shows through in the book though is Shastry's compassion for the continent's ordinary people.'IMF F&D MagazineAsia has been the greatest show on earth since Japan's rise from the ashes of World War II, accompanied in successive decades with the emergence of the Asian tigers, and eventually the two giants China and India. The Asian miracle has few precedents in the modern era, with billions lifted from poverty in a generation. The region's openness to trade and investment aligned perfectly with the tailwinds of globalisation. However, in recent years Asia has become a victim of its own success with commentators not differentiating between a utopian high-income Asia and a dystopian middle- and low-income Asia, where a significant majority of the region's population live. Asia today can be divided into countries which have a lot, have a little, and have none. The continent's dream run is also coming to an end as Covid-19 exposes sharp weaknesses in state capacity and structural challenges like the U.S.-China trade war is putting globalisation into reverse gear, jeopardising the region's hard-earned economic success. Asia's growth-obsessed policymakers have also ignored social pressures from the impact of technology on jobs, rising inequality, fabulous wealth accumulation by a favoured billionaire class, a deepening demographic divide, climate distress, and gender disparity, which threaten to destabilise the region's famed cohesiveness. In his penetrating new book, well-known Asia expert Vasuki Shastry argues that while Asia's reckoning may have been the subject of speculation before the pandemic, Covid-19 has made that inevitable. Inspired by Dante's Inferno, Shastry takes readers on a journey through modern Asia's eight circles of hell where we encounter urban cowboys and cowgirls fleeing rural areas to live in increasingly uninhabitable cities, disadvantaged teenage girls unable to meet their aspirations due to social strictures, internal mutiny, messy geopolitics from the rise of China, and a political and business class whose interests are in conflict with a majority of the population. Shastry challenges conventional thinking about Asia's place in the world and the book is essential reading for those with an interest in the continent's future.Related Link(s)

Deaths of Despair and the Future of Capitalism

Deaths of Despair and the Future of Capitalism

Author: Anne Case

Publisher: Princeton University Press

Published: 2021-03-02

Total Pages: 332

ISBN-13: 0691217068

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A New York Times Bestseller A Wall Street Journal Bestseller A New York Times Notable Book of 2020 A New York Times Book Review Editors’ Choice Shortlisted for the Financial Times and McKinsey Business Book of the Year A New Statesman Book to Read From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class Deaths of despair from suicide, drug overdose, and alcoholism are rising dramatically in the United States, claiming hundreds of thousands of American lives. Anne Case and Angus Deaton explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. This critically important book paints a troubling portrait of the American dream in decline, and provides solutions that can rein in capitalism's excesses and make it work for everyone.


Book Synopsis Deaths of Despair and the Future of Capitalism by : Anne Case

Download or read book Deaths of Despair and the Future of Capitalism written by Anne Case and published by Princeton University Press. This book was released on 2021-03-02 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller A Wall Street Journal Bestseller A New York Times Notable Book of 2020 A New York Times Book Review Editors’ Choice Shortlisted for the Financial Times and McKinsey Business Book of the Year A New Statesman Book to Read From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class Deaths of despair from suicide, drug overdose, and alcoholism are rising dramatically in the United States, claiming hundreds of thousands of American lives. Anne Case and Angus Deaton explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. This critically important book paints a troubling portrait of the American dream in decline, and provides solutions that can rein in capitalism's excesses and make it work for everyone.

The Future of Productivity

The Future of Productivity

Author: OECD

Publisher: OECD Publishing

Published: 2015-12-11

Total Pages: 120

ISBN-13: 9264248536

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This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).


Book Synopsis The Future of Productivity by : OECD

Download or read book The Future of Productivity written by OECD and published by OECD Publishing. This book was released on 2015-12-11 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).

The IMF and the Future

The IMF and the Future

Author: Graham Bird

Publisher: Routledge

Published: 2014-05-01

Total Pages: 318

ISBN-13: 1134700776

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The International Monetary Fund has been criticised from both the right and the left of the political spectrum with the right arguing that it is too interventionist and creates more problems than it solves and the left on occasion demanding that it be abolished altogether. What seems almost beyond question is that the IMF needs to be reformed. Defining a future role for the IMF will always be a controversial issue, but vital to any considerations will be a measured assessment of how it has operated in the past. This excellent new book from an internationally respected expert on the IMF intends to do just that. Starting with an historical background tracing the evolution of the IMF, the book goes on to cover such themes as: *The circumstances under which countries turn to the IMF *The various aspects of IMF conditionality *Institutional issues such as lending facilities and how the fund is resourced. Bringing together an array of articles, this excellent new book will undoubtedly be required reading for anyone with a serious interest in development studies as well as being an eye-opening read for policy makers involved with the IMF.


Book Synopsis The IMF and the Future by : Graham Bird

Download or read book The IMF and the Future written by Graham Bird and published by Routledge. This book was released on 2014-05-01 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Monetary Fund has been criticised from both the right and the left of the political spectrum with the right arguing that it is too interventionist and creates more problems than it solves and the left on occasion demanding that it be abolished altogether. What seems almost beyond question is that the IMF needs to be reformed. Defining a future role for the IMF will always be a controversial issue, but vital to any considerations will be a measured assessment of how it has operated in the past. This excellent new book from an internationally respected expert on the IMF intends to do just that. Starting with an historical background tracing the evolution of the IMF, the book goes on to cover such themes as: *The circumstances under which countries turn to the IMF *The various aspects of IMF conditionality *Institutional issues such as lending facilities and how the fund is resourced. Bringing together an array of articles, this excellent new book will undoubtedly be required reading for anyone with a serious interest in development studies as well as being an eye-opening read for policy makers involved with the IMF.

The Profit Paradox

The Profit Paradox

Author: Jan Eeckhout

Publisher: Princeton University Press

Published: 2022-10-25

Total Pages: 352

ISBN-13: 0691224293

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A pioneering account of the surging global tide of market power—and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.


Book Synopsis The Profit Paradox by : Jan Eeckhout

Download or read book The Profit Paradox written by Jan Eeckhout and published by Princeton University Press. This book was released on 2022-10-25 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: A pioneering account of the surging global tide of market power—and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.

Our Continent, Our Future

Our Continent, Our Future

Author: P. Thandika Mkandawire

Publisher: IDRC

Published: 2014-05-14

Total Pages: 192

ISBN-13: 155250204X

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Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.


Book Synopsis Our Continent, Our Future by : P. Thandika Mkandawire

Download or read book Our Continent, Our Future written by P. Thandika Mkandawire and published by IDRC. This book was released on 2014-05-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.

The Future of Money

The Future of Money

Author: Eswar S. Prasad

Publisher: Harvard University Press

Published: 2021-09-28

Total Pages: 497

ISBN-13: 0674258444

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A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.


Book Synopsis The Future of Money by : Eswar S. Prasad

Download or read book The Future of Money written by Eswar S. Prasad and published by Harvard University Press. This book was released on 2021-09-28 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

The Future of International Economic Law

The Future of International Economic Law

Author: William J. Davey

Publisher: Oxford University Press, USA

Published: 2008

Total Pages: 335

ISBN-13: 0199551138

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This book comprises fifteen specially commissioned contributions from the Editorial Board of the Journal of International Economic Law in celebration of the Journal's tenth anniversary. They were originally published as the third issue of volume 10 of the journal in September 2007.


Book Synopsis The Future of International Economic Law by : William J. Davey

Download or read book The Future of International Economic Law written by William J. Davey and published by Oxford University Press, USA. This book was released on 2008 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book comprises fifteen specially commissioned contributions from the Editorial Board of the Journal of International Economic Law in celebration of the Journal's tenth anniversary. They were originally published as the third issue of volume 10 of the journal in September 2007.