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  1. How Latin America is finding its path to economic prosperity again
    a just transition as the target
    Published: [April 2023]
    Publisher:  SWP, Berlin

    The traditional image of Latin America as a troubled region seems to continue even after the Covid-19 crisis, this time in the wake of the war in Ukraine and the sanctions imposed by the West. Inflationary pressures, budget deficits and the danger... more

    Fachinformationsverbund Internationale Beziehungen und Länderkunde
    No inter-library loan
    Ibero-Amerikanisches Institut Preußischer Kulturbesitz, Bibliothek
    No inter-library loan
    Stiftung Wissenschaft und Politik (SWP), Bibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DSP 386
    No inter-library loan

     

    The traditional image of Latin America as a troubled region seems to continue even after the Covid-19 crisis, this time in the wake of the war in Ukraine and the sanctions imposed by the West. Inflationary pressures, budget deficits and the danger that broad sections of the population will slip into poverty are fuelling negative scenarios. There are initial indications that some countries are already experiencing payment difficulties. Demands from Latin American governments for debt relief or the renego­tiation of foreign debt are being put on the agenda as part of a reorientation of the development model towards sustainability and climate protection criteria. This re­quires a far-reaching structural change, away from the traditional commodity-based economies and towards an environmentally and socially compatible development path. Germany and Europe must also shift course by contributing to the conservation of natural resources and not just to their exploitation.

     

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    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/271551
    Series: SWP comment ; 2023, no. 21 (April 2023)
    Subjects: Wirtschaftsentwicklung; Regionalpolitik; Regionale Wirtschaftsstruktur; Natürliche Ressourcen; Strukturpolitik; Strukturfaktor; Latin America; economic development model; sustainability; climate protection; Just Transition; inflationary pressures; budget deficits
    Scope: 1 Online-Ressource (6 Seiten), 1 Diagramm
    Notes:

    "English version of SWP-Aktuell 24/2023"

    Gesehen am 04.04.2023

  2. The theory of monetary disorder
    debt finance, existing assets, and the consequences of prolonged monetized budget deficits and ultra-easy monetary policy
    Published: 2023
    Publisher:  Hans-Böckler-Stiftung, Düsseldorf

    This paper introduces the notion of monetary disorder. The underlying theory rests on a twin circuits view of the macro economy. The idea of monetary disorder has relevance for understanding the experience and consequences of the recent decade-long... more

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DSP 200
    No inter-library loan

     

    This paper introduces the notion of monetary disorder. The underlying theory rests on a twin circuits view of the macro economy. The idea of monetary disorder has relevance for understanding the experience and consequences of the recent decade-long period of monetized large budget deficits and ultra-easy monetary policy. Current policy rests on Keynesian logic whereby a large fall in aggregate demand warrants robust offsetting monetary and fiscal policy actions. That logic neglects potential monetary disorder being bred within the financial circuit in the form of inflated asset prices and leveraged balance sheets. That disorder is likely to develop long before inflation accelerates so that inflation targeting fails to protect against it. Political factors increase the policy danger as the benefits of disorder are front-loaded and the costs backloaded. The paper concludes with a policy discussion regarding how to prevent Keynesian goods market counter-cyclical stabilization policy from causing monetary disorder.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/297856
    Series: FMM working paper ; Nr. 93 (October 2023)
    Subjects: Monetary disorder; twin circuits; inflation; asset price bubbles; budget deficits; modern money theory (MMT)
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  3. How Latin America is finding its path to economic prosperity again
    a just transition as the target
    Published: [April 2023]
    Publisher:  SWP, Berlin

    The traditional image of Latin America as a troubled region seems to continue even after the Covid-19 crisis, this time in the wake of the war in Ukraine and the sanctions imposed by the West. Inflationary pressures, budget deficits and the danger... more

    Ibero-Amerikanisches Institut Preußischer Kulturbesitz, Bibliothek
    Unlimited inter-library loan, copies and loan

     

    The traditional image of Latin America as a troubled region seems to continue even after the Covid-19 crisis, this time in the wake of the war in Ukraine and the sanctions imposed by the West. Inflationary pressures, budget deficits and the danger that broad sections of the population will slip into poverty are fuelling negative scenarios. There are initial indications that some countries are already experiencing payment difficulties. Demands from Latin American governments for debt relief or the renego­tiation of foreign debt are being put on the agenda as part of a reorientation of the development model towards sustainability and climate protection criteria. This re­quires a far-reaching structural change, away from the traditional commodity-based economies and towards an environmentally and socially compatible development path. Germany and Europe must also shift course by contributing to the conservation of natural resources and not just to their exploitation.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/271551
    Series: SWP comment ; 2023, no. 21 (April 2023)
    Subjects: Wirtschaftsentwicklung; Regionalpolitik; Regionale Wirtschaftsstruktur; Natürliche Ressourcen; Strukturpolitik; Strukturfaktor; Latin America; economic development model; sustainability; climate protection; Just Transition; inflationary pressures; budget deficits
    Scope: 1 Online-Ressource (6 Seiten), 1 Diagramm
    Notes:

    "English version of SWP-Aktuell 24/2023"

    Gesehen am 04.04.2023