This is the first of two sessions for reading and discussing Morgan Ricks' book The Money Problem. In this session we will cover the Introduction and Part 1 (through chapter 4). From the jacket:"Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, …
This session covers Lecture 11: Banks and the Market for Liquidity This lecture generalizes the Treynor model from security dealers to money dealers and explores the question of why it's profitable for banks to run the payment system at par when prices can't adjust and there's no bid/ask spread. We also talk about how the …
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The outbreak of covid-19, the Russo-Ukrainian war, and the slowdown of important global economies such as the USA and China have brought new economic difficulties to all countries in the world, but especially to developing countries. Do these new difficulties intensify or bring new possibilities for catch-up strategies for developing countries? Conventional economic theory has …
Young scholars near Harare, unite! This is a chance to gather and cheers to YSI.
This session of the webinar series will feature Prof. Barbara Harriss-White. She is the Emeritus Professor of Development Studies, Emeritus Fellow of Wolfson College , Oxford University and a Visiting professor at JNU. Abstract While Polanyi argued that a society dominated by market exchange – market society – was a dehumanised contradiction in terms, both …
The summer school is held fully online The 5th UNCTAD YSI Summer School provides an opportunity to explore the Challenges and Opportunities of a New International Economic Order. The school will bring together UNCTAD experts, academics, diplomats, and young scholars from across the globe for lively and stimulating intellectual debates. The world economy is in …
May 11th Nikolas Schiozer: "Price formation, income inequality and macroeconomic performance as coevolutionary phenomena in an agent-based model" May 19th Apurva Ashish Tudekar "IMPACT OF CURRENT ACCOUNT IMBALANCE ON UNEMPLOYMENT" June 8th Lilian Nogueira Rolim "The impact of international trade shocks on economic growth and income distribution in an agent-based macroeconomic model" July 6th Simon …
This session covers Lecture 12: Lender/Dealer of Last Resort We can better understand how the central bank intervenes in the markets by first understanding the markets themselves. The lecture applies what we've learned so far to understanding how the 2008 crisis unfolded and how it was eventually contained. The shadow banking system collapsed onto the …
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The YSI Writing group centers on improving writing skills through community approach and support young scholars on their writing journey.In our regularly Feedback Sessions we mainly talk about texts from other young writer we looked at beforehand. Therefore we freely organize feedback-tandems through our Google-Spreadsheet. Feel free to insert your name for giving or receiving …
This is the second of two sessions for reading and discussing Morgan Ricks' book The Money Problem. In this session we will cover the Part 2 and Part 3. From the jacket:"Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, many central …
This session covers Reading 6: The Economics of the Dealer Function by Jack Treynor We already understand the Treynor model fairly well from the last few lectures. This article provides a more formal description of the securities market version of the model introduced in Lecture 10. In Lecture 11, Perry generalized the Treynor model for …
This session of the webinar series will feature Prof. Prabhat Patnaik. He is is former professor of economics at Jawaharlal Nehru University (JNU), Delhi, India and currently Professor Emeritus of the same. Abstract Neo-liberalism entails the coexistence of globalized capital, including finance, with a nation-state. In such a scenario the nation-state is compelled to accede …