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Ugo Panizza
Ugo Panizza is an Italian economist. He is a professor of International Economics and Pictet Chair in Finance and Development at the Graduate Institute of International and Development Studies in Geneva. He is a vice-president of the Centre for Economic Policy Research, Centre for Economic Policy Research (CEPR), the director of the International Center for Monetary and Banking Studies, the editor in Chief of Oxford Open Economics and International Development Policy, and the deputy director of the Centre for Finance and Development. Diplomas Panizza holds a PhD in economics from the Johns Hopkins University and a Laurea (BA) from the University of Turin. Contributions Panizza is known for co-establishing the concept of original sin (economics), original sin in development economics, alongside economists Barry Eichengreen and Ricardo Hausmann. His work on the costs of sovereign default (joint with Eduardo Borensztein, Eduardo Levy Yeyati, Federico Sturzenegger, and Jeromin Z ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Graduate Institute Of International And Development Studies
The Graduate Institute of International and Development Studies, or the Geneva Graduate Institute (french: Institut de hautes études internationales et du développement), abbreviated IHEID, is a government-accredited postgraduate institution of higher education located in Geneva, Switzerland. The current Geneva Graduate Institute was formed by a merger between the Graduate Institute of International Studies (french: Institut des hautes études internationales, abbreviated IHEI or HEI) and the Graduate Institute of Development Studies (, abbreviated IUED) in 2008. The institution counts one UN secretary-general (Kofi Annan), seven Nobel Prize recipients, one Pulitzer Prize winner, and numerous ambassadors, foreign ministers, and heads of state among its alumni and faculty. Founded by two senior League of Nations officials, the Graduate Institute maintains strong links with that international organisation's successor, the United Nations, and many alumni have gone on to work at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Original Sin (economics)
Original sin is a term in economics literature, proposed by Barry Eichengreen, Ricardo Hausmann, and Ugo Panizza in a series of papers to refer to a situation in which "most countries are not able to borrow abroad in their domestic currency." The name is a reference to the concept of original sin in Christianity. Original sin hypothesis The original sin hypothesis has undergone a series of changes since its introduction. The original sin hypothesis was first defined as a situation "in which the domestic currency cannot be used to borrow abroad or to borrow long term even domestically" by Barry Eichengreen and Ricardo Hausmann in 1999. Based on their measure of original sin (shares of home currency-denominated bank loans and international bond debt), they showed that original sin was present in most of the developing economies and independent from histories of high inflation and currency depreciation. However, this early study left the causes of original sin as an open question ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American University Of Beirut
The American University of Beirut (AUB) ( ar, الجامعة الأميركية في بيروت) is a private, non-sectarian, and independent university chartered in New York with its campus in Beirut, Lebanon. AUB is governed by a private, autonomous board of trustees and offers programs leading to bachelor's, master's, MD, and PhD degrees. AUB has an operating budget of $423 million with an endowment of approximately $768 million. The campus is composed of 64 buildings, including the American University of Beirut Medical Center (AUBMC, formerly known as AUH – American University Hospital) (420 beds), four libraries, three museums and seven dormitories. Almost one-fifth of AUB's students attended secondary school or university outside Lebanon before coming to AUB. AUB graduates reside in more than 120 countries worldwide. The language of instruction is English. Degrees awarded at the university are officially registered with the New York Board of Regents. History On J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Syndicate
Project Syndicate is an international media organization that publishes and syndicates commentary and analysis on a variety of global topics. All opinion pieces are published on the ''Project Syndicate'' website, but are also distributed to a wide network of partner publications for print. As of 2019, it has a network of 506 media outlets in 156 countries. ''Project Syndicate'', which Ezra Klein described as "the world's smartest op-ed page," provides commentaries on a wide range of topics, from economic policy and strategies for growth worldwide to human rights, Islam, and the environment. It also offers monthly series dedicated to Africa, Europe, Asia, and Latin America, as well as to China and Russia. RealClearWorld also named ''Project Syndicate'' one of the top five world news sites for 2012. A not-for-profit organization, ''Project Syndicate'' relies primarily on contributions from newspapers in developed countries, which make up roughly 60% of its membership base, to enab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peterson Institute For International Economics
The Peterson Institute for International Economics (PIIE), known until 2006 as the Institute for International Economics (IIE), is an American think tank based in Washington, D.C. It was founded by C. Fred Bergsten in 1981 and has been led by Adam S. Posen since 2013. The institute conducts research, provides policy recommendations, and publishes books and articles on a wide range of topics related to the US economy and international economics. According to the ''2015 Global Go To Think Tank Index Report'' (Think Tanks and Civil Societies Program, University of Pennsylvania), PIIE was number 20 (of 150) in the "Top Think Tanks Worldwide" and number 13 (of 60) in the "Top Think Tanks in the United States". Other "Top Think Tank" rankings include #4 (of 80) in Domestic Economic Policy, #20 (of 30) in Domestic Health Policy, #14 (of 25) in Global Health Policy, #32 (of 80) in International Development, #1 (of 50) in International Economic Policy, #38 (of 45) in Science and Technol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ricardo Reis
Ricardo A. M. R. Reis (born 1 September 1978) is a Portuguese economist and the A. W. Phillips professor of economics at the London School of Economics. In a 2013 ranking of young economists by Glenn Ellison, Reis was considered the top economist with a PhD between 1996 and 2004., and in 2016 he won the Germán Bernácer Prize for top European-born economist researching macroeconomics and finance. He writes a weekly op-ed for the Portuguese newspaper Jornal de Notícias and Expresso, and participates frequently in economic debates in Portugal. Academic career Reis earned his Bachelor of Science (B.Sc.) degree from the London School of Economics in 1999, and his Doctor of Philosophy (Ph.D.) from Harvard University in 2004. He taught at Princeton University from 2004 to 2008 before moving to Columbia University where he became a full professor at the age of 29, one of the youngest ever in the history of the university. He is an academic advisor and visiting scholar at central bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Miles
David Kenneth Miles (born 1959) is a British economist. Born in Swansea, he has spent his working life in London, in teaching, business and the public sector. He is a professor at Imperial College London, and was Chief UK Economist of Morgan Stanley bank from October 2004 to May 2009. He was appointed to the Bank of England's interest-rate-setting Monetary Policy Committee (MPC) from 1 June 2009 to June 2012''The Guardian'', 19 March 2009Miles to replace Blanchflower on Bank of England monetary policy committee/ref> and again from June 2012 to 31 August 2015, before being replaced by Gertjan Vlieghe. According to the Bank of England, "As an economist he has focused on the interaction between financial markets and the wider economy.". In December 2020 he was appointed to the main board ("The Commission") of the central Bank of Ireland. He was appointed to the Budget Responsibility Committee of thOffice for Budget Responsibility(OBR) in December 2021. He took up that role in Jan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quantitative Easing
Quantitative easing (QE) is a monetary policy action whereby a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity. Quantitative easing is a novel form of monetary policy that came into wide application after the financial crisis of 2007-2008. It is intended to stabilize an economic contraction when inflation is very low or negative and when standard monetary policy instruments have become ineffective. Quantitative tightening (QT) does the opposite, where for monetary policy reasons, a central bank sells off some portion of its own held or previously purchased government bonds or other financial assets, to a mix of commercial banks and other financial institutions, usually after periods of their own, earlier, quantitative easing purchases. Similar to conventional open-market operations used to implement monetary policy, a central bank implements quantitative easing by buying financial assets from comme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jean-Louis Arcand
Jean-Louis Arcand (born 1964) is a Canadian economist. He is a professor of International Economics at the Graduate Institute of International and Development Studies in Geneva, where he also head of the PhD Development Economics programme. Arcand is also the head of the Department of Economics at the Graduate Institute. He is president of the Global Development Network, a founding fellow of the European Union Development Network and senior fellow at the Fondation pour les études et recherches en développement international. Diplomas Jean-Louis Arcand holds a PhD in economics from MIT. Contributions In 2012 Jean-Louis authored (with Enrico Berkes and Ugo Panizza) the IMF working paper Too Much Finance which establishes that: Career Jean-Louis Arcand is Director of the Centre for Finance and Development and a member of the Centre on Conflict, Development and Peacebuilding, and Professor of International Economics at the Graduate Institute of International and Developme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
