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(p.261) Index
(p.261) Index
ABACUS 2007–AC1
75
Abrahamson, P. 191
accountability
24
action and beliefs
142
adjustment, societal capacity for
188
AIG FP
76
Air France
178
Akyüz, Y. 233
Aliber, R. Z. 144
Alibert, R. Z. 128
Alitalia
178
Alti, T. 178
Alvarez, A. 214
Amable, B. 166
American depositary receipts (ADRs)
126
Anderlini, J. 239
Anderson, J. 233
Archibugi, D. 24
Argentina
146
Armijo, I. E. 17
ASEAN
93–4
ASEAN+6
93
ASEAN–4
91
Asian Bond Markets Initiative (ABMI)
100
Asian Monetary Fund
96
Asian Monetary Unit (AMU)
102
asset prices
132
Astley, M. 228
Australia
197
Austria
197
AXA
216
Baccaro, L. 167
Back, R. 127
Baldwin, S. 41
Bale, T. 36
bankers bonuses
46
banks:
capital ratio
8
credit expansion
230
debt guaranteed
176
intermediation
142–3
lending
233
political recovery
53–4
regulation
37
standardization
82
Volker rule
55–6
Banque Populaire
216
Barber, A. 34
Barca, F. 159
Barro, R. 114
Baumgartner, F. R. 3
Beeson, M. 23
beliefs and action
142
Bell, S. 23
Bentolila, S. 171
Berger, T. 105
Bergh, A. 198
Bergsten, C. F. 228
Bianchi, P. 7
Biden, J. 251
BNP-Paribas
216–17
Bocian, S. 199
bond markets
209
bonds
74
Born, B. 70
Börzel, T. 167
Boyer, R. 159
Boyle, R. 77
Bradford, C. 23
Braithwaite, J. 27
Brickell, M. 71
BRICS
239
Bruner, R. F. 145
Brunnermeier, M. 120
Bull, H. 16
Bullock, N. 73
Caisses d'Epargne
216
Calvo, G. 118
Camdessus, M. 114
Campbell, J. 210
Campbell, J. E. 53
capital controls
101–2, 109–35
changing attitudes to
110–19
circumvention
133
design of
133
reasons for
117
surveillance system
133
to buffer risk
122–4
Carlin, W. 254
Carr, S. D. 145
Carvalho, B. 133
Cerny, P. 159
Chang, M. 126
Chen, M. 242
Chen, Z. 240
Cheng, D. 104
China
11–12, 22, 63, 89–103, 119, 125, 226–41, 247
bank lending
233
banking system
234–5
central government
233–4
credit expansion
230
declining demand
228–30
dependence on global economy
232–3
deterrent power
240
economic and military power
92
foreign investment
232
land
236
Local Investment Platform Companies (LIPCs)
230
National Audit Office (NAO)
230
political paradigm
231
Chung, J.-H. 231
Chwieroth, J. 114–15
civil society
259–60
Clarke, H. 10
Clarke, P. 40
Clegg, N. 41
Coates, D. 159
Coelho, B. 127
Cohen, B. 114
collateral depositing
75–7
collateralized debt obligations (CDOs)
67
Commerzbank
254
Committee of European Securities Regulators
147
communicative discourse
166
competition policy
253–4
compression
79
Confessore, N. 54
confidence
152
constitutive rules
150
constuctivism
90–1
consumer debt
194
Cooper, G. 145
Cooper, S. 23
coordination
200
coordinative discourse
166
corporatism
158–9
corporatist association
190
corruption
170
Crédit Agricole
216
credit crunch
36
credit expansion
230
Crédit Mutuel
216
credit rating agencies see rating agencies
crisis management
98–9
Croome, J. 21
Cruddas, J. 11
Cui, L. 233
Culpepper, P. 206
Curzio, P. 178
Czech Republic
175
Dahl, R. 24
Dalai Lama
240
Danfoss
200
D’Arista, J. 122
Darling, A. 43
Davidson, P. 121
de-globalization
193
debt:
confused with deficit
43
foreign currency
123
long-term
43
personal
72
public and private
249
short-term
123
Deiter, H. 21
delegation
90
Della Sala, V. 159
demand and supply
145
democratic accountability
24
Denmark
170, 187, 258
budgetary impacts
197
Confederation of Danish Employers (DA)
192
Environmental Economic Council
199
flexicurity
198–9
growth
195
industrial restructuring
199–200
neoliberal reforms
191–92
peak union (LO)
192
public sector
198
tax reform
197–8
unemployment
196
welfare state
196
depoliticization
4
Deutsche Bank
255
Deutsche Borse
81
Dewan, S. 198
Dexia
218
(p.264)
Ding, X. 227
DiPalma, G. 163
disintermediation
142–3
dollar
239–40
Dominion Bond Rating Service
141
Dooley, M. 105
Drache, D. 27
Drahos, P. 27
Drajem, M. 119
Drezner, D. 240
Dryzak, J. 27
DTCC
80
Dudley
82
Dun and Bradstreet
141
Dunaway, S. 228
Dyer, G. 229
Eatwell, J. 37
Ebbinghaus, B. 164
efficiency and social justice
36
Eisenhower, D. D. 114
electronic trading platforms (ETPs)
79
Elliott, K. 19
Elmer, D. 199
employment, and public spending
190
Engelen, E. 67
Enron
147
Epstein, G. 123
equity finance
209
Ettlinger, M. 198
European Association of Corporate Treasurers
80
European Financial Stability Facility (EFSF)
174
European Investment Bank
200
European Parliament
147
European single market
253
European Union (EU)
78, 83, 175
Competition Directorate
7
Constitutional Treaty
168
economic nationalism
165
internal market rules
220
policies
167
representation on G20 93
supervisory authority
85
Europhilia
167–8
Evans, P. 214
Falkner, G. 167
Farrell, H. 214
finance, structured
150–1
financial competition
38
financial cooperation see cooperation
financial crisis:
impact on growth
195–6
and institutional failure
139–54
political costs of
57–9
UK aftermath
39–41
financial innovation
67–8
financial institutions:
intermediating
73–4
as producers of OTC derivatives
73
size and profits
71–2
financial instruments, innovation in
143
financial network economy
216
Fioretos, O. 214
Fitch, R. 103
Fitch Ratings
141
Flanagan, S. M. 71
foreign equity ownership
209
foreign exchange restrictions
118
forgetfulness
38
Forits Bank
217
France
114, 195, 206–22, 248, 256
as an SME
156–82
budgetary austerity
172
budgetary impacts
197
business
162–3
capitalism
211–3
deregulation
214–15
economic profile
168–73
a good crisis
173–7
international champion–building
216–17
internationalization
208–9
liberalization
208
politics
166
privatization
208
public sector
198
state
211–3
state/market relations
208
stimulus package
176
Frank, B. 78
Friedberg, A. 104
Frieden, J. 35
Fukuyama, F. 104
functionalism
90
G–14
82
G2
19
Gagnon, J. 240
Gallego, F. 133
Garcia, M. 133
Garrett, G. 19
Gates, R. 104
Germany
101, 157, 170, 195, 251
budgetary impacts
197
Bundesbank
253
competition policy
253–4
exceptionalism
252–7
German Council of Economic Experts (GCEE)
252–3
IT revolution in
255
Landesbanken
254–5
leadership
248–9
power
250–1
public sector
198
skill formation
253–4
social market economy
253–5
Gieve, J. 193
Gill, B. 104
Gingerich, D. 158
Girardin, E. 104
Glasman, Lord
11
global agora
27–8
global financial crisis (GFC) see financial crisis
global payments, imbalances
100–1
Glyn, A. 35
gold-exchange standard
110
Goodman, P. S. 70
Gourevitch, P. 141–2
Gowa, J. 19
Goyer, M. 162
Green, M. 104
Grundfos
200
Grünell, M. 202
(p.266)
Guyomarch, A. 211
Gyohten, T. 105
Hall, R. B. 28
Han, D. 232
Hansen, M. B. 199
Harding, J. 234
Hassel, A. 164
Hastings, M. 227
Haufbauer
19
Hayek, F. 40–1
Healey, D. 44
Heisler, J. 142
Henricksson, J. 200
Hernandez, L. 133
Hiwatari, N. 105
Hoekmann, B. 21
housing sector
37
Hsing, Y.-T. 236
Huang, Y. 238
Hufbauer, G. 103
Hungary
197
Hurd, I. 24
Hypo Real Estate
254
Iceland
194
Ikenberry, G. J. 19
inflation
44
information, cost of gathering
143
insurance companies
75
Intercontinental Exchange (ICE)
81
interdealer brokers
73
interest rate differentials
128–31
international cooperation
152
International Monetary Fund (IMF)
15, 22, 44, 63, 90–1, 93–4, 96–7, 228, 239
Annual Report on Exchange Arrangements and Exchange Restrictions
124
capital controls
134–5
on capital market
114–15
established
110
Global Financial Stability Report
117
Global Stability Mechanism
99
link
98
mission change
19–20
Precautionary Credit Line
99
World Economic Outlook
117
international organizations, role
18
internationalization, France
208–9
Intesa San Paolo
178
Iraq war
53
Italy
248
as an SME
156–82
anticrisis legislation
178–9
budgetary impacts
197
economic profile
168–73
paralyzed state
163–4
politics
167
a pretty bad crisis
177–9
unemployment
196
Iversen, T. 189
Jessoula, M. 178
job-sharing
200–1
Jones, B. D. 3
Jones, L. 80
Kaai, M. 104
Kenen, P. B. 17
(p.267)
Kennedy, J. 234
Kennedy, P. M. 64
Kessler, O. 149
King, A. 4
Kirkegaard, J. F. 103
knowledge economy
27
Kongshøj Madsen, P. 198–9
Kopczuk, W. 202
Kose, M. A. 116
Kostecki, M. 21
Krippner, G. 214
Krugman, P. 17
Kullander, M. 200
Labory, S. 7
Lamont, N. 47
Langley, P. 72
Lasswell, H. 29
law of variable proportions
113–14
Lawrence
255
Le Pen, M. 177
Lee, Y. 104
Lee Kuan Yew
90
Leibfried, S. 158
Levitt, A. 70
Liddell, R. 83
Lindvall
194
List, F. 210–1
Liu, G. 229
Liu Xiaobo
240
London Stock Exchange group
81
Loriaux, M. 211
Ludlam, S. 44
Ludvigsson, M. 199
Mcauley, R. 127
McCain, J. 53
McDonald, L. 39
Macdonald, R. 41
McGraw-Hill
141
Macmillan, H. 258
Madsen
196
Major, J. 34
Malaysia
146
Mannesman
255
Mariani
216
market rationality
207
market regulation
68
Marx, K. 144
Mason, P. 36
Masters, B. 8
Medianu, D. 239
Merrien, F-X. 160
Mexico
124
Meyers, M. 65
Michalet, C.‐A. 208
Milgate, M. 37
minilateralism
26–7
Minsky, H. 38
modernization, state–led and market–led
212
monetarism
4–5
moral hazard
90
Moran, M. 147
Morin, F. 216
Munakata, N. 105
NAFTA
119
Naim, M. 26
(p.268)
Nanz, P. 27
Narliker, A. 21
Nelson, B., Senator
59
neo-developmental states
116
Netherlands
197
network economy
216
network-based activity
27
Newman, A. 214
Nicoloas, F. 242
Niklausson, L. 199
Norman, P. 201
Norway
196
Obstfeld, M. 134
Ong, B. 228
Opel
254
ordo-liberalism
254
Osborn, T. 230
Ougaard, M. 24
Palin, S. 62
Palombarini, S. 166
Panama
119
Pasquino, G. 163
Paulson, J. 74
Pedersen, O. K. 191
Pederson
160
Pennington, M. 37
pension reform
175
Perez, S. 165
Pérol
216
Perraton
214
Peru
119
Phillips, M. 72
Pierson, P. 160
political institutions, simple and compound
165–6
politicians
259
mistrusted
195
politics
166–8
center
36
center-right
10
failure
247–8
populist right
10
social democratic
10–11
power:
asymmetries
91
deterrent
240
global distribution
250–1
horizontal
18–19
redistribution
47
relative
95
rising
95
vertical
18
Prasad, E. 116
Prince, C. 72
privatization
208
Prodi, R. 164
PSA Peugeot-Citroen
220
Qian, G. 238
Quinn, T. 42
Radaelli, C. M. 167
Rainer
70
Rasmussen, A. F. 192
recession
36
Regini, M. 164
regional institutions
21–2
regional leadership
91–2
regional production networks
97
reputational intermediaries
142
Reinhart, C. 38
Riedl, A. 190
Robinson, P. 39
Rodrik, D. 117
Rogers, C. 44
Rothstein, B. 160
Rubin, R. 70
Ruggie, J. G. 141
Russia
19
Sakakibara, E. 104
Saltmarsh, M. 193
Samuelson, P. 3
Scharfstein, D. S. 142
Scharpf, F. 191
Scheuer, S. 191
Searle, J. 150
shareholder value
255
Shear, M. D. 56
Skocpol, T. 64
Slemrod, J. 202
Smith, A. 143
Snyder, N. 242
So, E. 126
social justice
36
social market economy
253–5
social pacts
164–5
social solidarity
195
societal capacity for adjustment
188
Société Générale
216
Soeya, Y. 104
Solomon, D. 55
Sorkin, A. R. 52
Soros, G. 146
South Africa
93
South Korea
93, 94, 99, 100, 115, 119, 120, 125, 158, 159
capital controls
127–32
currency appreciation
126
sovereign debt default
152
sovereignty
25
Soviet Union
259
Spain
195, 239, 248
as an SME
156–82
austerity measures
180–81
economic profile
168–73
politics
166–7
a pretty ugly crisis
179–81
unemployment
171–2
Spiegel, P. 239
stagflation
4
state-influenced market economies (SMEs)
15 6–82
statism
158–9
Steffek, J. 27
Stephens, P. 35
Strange, S. 159
Streeck, W. 160
stress tests
248–9
Su, H. 239
subprime crisis
146–8
subprime mortgages
37
Subramanian, A. 117
Sulieman, E. 216
Summers, L. 70
Svallfors, S. 197
Swaine, M. 240
Swap Execution Facilities (SEFs)
79
Sweden
161, 191–92, 249, 258
Association of Swedish Engineering Industries
200
banking crisis
197
budgetary impacts
197
Confederation of Swedish Enterprise
200
labor market
199
neoliberal reforms
192–3
public sector
198
Swedish Employers Association (SAF)
192
Swedish Service Employers' Association
200
tax reform
197–8
unemployment
196
Switzerland
197
Syed, M. 233
systematically important financial institutions (SIFIs)
8
systemic risk model
38
Tait, N. 8
Takagi, S. 104
takeovers, hostile
212
Terada, T. 228
territorial disputes
92
Thakur, R. 22
The Clearing Corporation (TCC)
81
Thiberghein, Y. 159
Thompson, H. 35
TMX
81
Toffler, A. 140
Torlino, G. 253
Tover, C. 133
trade depositories
80–1
Trindle, J. 55
Truman
112
Tsingou, E. 27
Turkey
124
Turner, A. 17
uncertainty
153
unintended consequences
5
United Kingdom
34–48, 156, 161, 169, 170, 195, 212
Bank of England
7
Black Wednesday
34
budgetary impacts
197
Centre for Economic and Business Research
249
deficit reduction plan
42–5
Financial Policy Committee
7
Green Book
213
growth debate
46–8
growth targets
43
(p.271)
IT revolution in
255
Labour Party Constitution
258
National Health Service
45
public spending cycles
44
structural weaknesses
48
tripartite regulation
37
unemployment
196
Vickers Commission
6
United States
35, 51–66, 153, 156, 212, 249 9/1163
anxiety
63–4
blame for crash
59–60
budgetary impacts
197
capital account
113–15
Chicago Board of Trade
69
Chicago Mercantile Exchange
69
Commodity Futures Modernization Act (CFMA)
70–1
Credit Rating Agency Reform Act
147
deficits
101
dollar
239–40
financial sector
250
Financial Stability Board (FSB)
83
Financial Stability Council
54
fiscal policy
58–9
Glass–Steagall legislation
17
growth
196
Hurricane Katrina
53
Interest Equalization Tax
134
Keynesianism
3–4
Medicaid
248
New York Insurance Department
76
political costs of crash
57–9
public sector
198
rating agencies
140–41
relationship with China
19
social security
248
state ownership
6
Treasury bonds
251
unemployment
196
Volker rule
55–6
unremunerated reserve requirements (URRs)
133
Utsumi, M. 105
van Ark, B. 255
van Winden, F. 190
Veneroso, F. 20
venue shopping
94
Vodafone
255
Volcker, P. 105
von Hayek, F. 144
wage compression
190
wages, real
170–71
Waldmann, R. 3
Waldmeir, P. 230
Walter, A. 105
Waltz, K. 16
Wang, F.‐L. 227
Wang, J. 239
Weaver, K. 20
Wei Benhua
96
Weir, M. 3
Weiss, L. 158
Weller, P. 28
Whalley, J. 239
Wheatley, A. 103
Whitley, R. 159
Wighton, D. 7
Williams, M. 39
Williamson, J. 238
Williamson, V. 64
Wines, M. 226
Woll, C. 210
Woo-Cummings, M. 116
Doha MTN
22
Wren, A. 200
Xu, Y. 239
Xu, Y. C. 28
Yao, Y. 227
Yeung, B. 232
Yifu Min, J. 92
Yong, D. 126
Zabel, R. 74
Zha, D. 231
Zhang, 232
Zhang, F. 235
Zhang, Z. 242
Zhao, Q. 229
Zheng, Y. 242
Zhu Min
92
Zohlnhöfer, R. 254
Zürn, M. 158