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This book reflects on the innovations that central banks have introduced since the 2008 collapse of Lehman Brothers to improve their modes of intervention, regulation and resolution of financial markets and financial institutions. Authors from both academia and policy circles explore these innovations through four approaches: �Bank Capital Regulation� examines the Basel III agreement; �Bank Resolution� focuses on effective regimes for regulating and resolving ailing banks; �Central Banking with Collateral-Based Finance� develops thought on the challenges that market-based finance pose for the conduct of central banking; and �Where Next for Central Banking� examines the trajectory of central banking and its new, central role in sustaining capitalism.�
This book focuses on the retrogressive agrarian interventions by the Pakistani military in rural Punjab and explores the social resentment and resistance it triggered, potentially undermining the consensus on a security state in Pakistan. Set against the overbearing and socially unjust role of the military in Pakistan's economy, this book documents a breakdown in the accepted function of the military beyond its constitutionally mandated role of defence. Accompanying earlier work on military involvement in industry, commerce, finance and real estate, the authors' research contributes to a wider understanding of military intervention, revealing its hand in various sectors of the economy and, consequently, its gains in power and economic autonomy.
Arab Development Denied examines how over the last three decades the Arab world has undergone a process of developmental descent, or de-development. As a result of defeat in wars, the loss of security and sovereignty, and even their own class proclivity, the Arab ruling classes have been transformed into fully compradorial classes that have relinquished autonomy over policy. The neoliberal policies adopted since the early eighties are not developmental policies, but the terms of surrender by which Arab resources, human or otherwise, are stifled or usurped. In this book, Ali Kadri attributes the Arab world's developmental failure to imperialist hegemony over oil and the rising role of financialisation, which goes hand in hand with the wars of encroachment that strip the Arab world of its sovereignty and resources.
'Africa and Economic Policy: Developing a Framework for Policymakers' aims to fill an important gap in the current literature on economic policy in developing countries. Despite its richness and sophistication, the current economic literature has not yet succeeded in developing a framework for economic policy that is clear and intelligible to policymakers in developing countries, and which is capable of effectively delivering a sustained increase in citizens' well-being. This ground-breaking study seeks to rectify this problem by suggesting a unique conceptual framework for designing and conducting economic policy in developing countries, particularly those in Africa.
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