Managing Economic Volatility and Crises or Business Ethics and the Natural Environment

Managing Economic Volatility and Crises: A Practitioner's Guide

Author: Joshua Aizenman

Over the past ten years, economic volatility has come into its own after being treated for decades as a secondary phenomenon in business cycle literature. This evolution has been driven by the recognition of the permanent negative effects of volatility on long-run growth and inequality, especially in poor countries. After presenting basic features of volatility, this volume investigates commodity price volatility as an absorber and amplifier of shocks. The collection then examines macroeconomic crises, which are driven by the same phenomena that make volatility difficult to treat effectively.

Table of Contents:

	Overview	1
1	Volatility : definitions and consequences	45
2	Volatility and growth	65
3	Volatility, income distribution, and poverty	101
4	Agricultural commodity price volatility	137
5	Managing oil booms and busts in developing countries	186
6	Finance and volatility	213
7	Evaluating pricing signals from the bond markets	281
8	Managing macroeconomic crises : policy lessons	315
9	Lessons from the Russian crisis of 1998 and recovery	406
10	Argentina's macroeconomic collapse : causes and lessons	439
11	Default episodes in the 1980s and 1990s : what have we learned?	471
	Technical appendix	521

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Business Ethics and the Natural Environment

Author: Lisa H Newton

Business Ethics and the Natural Environment examines the present status of relations between corporate enterprise and the natural environment in the world today.
•Discusses such questions as: What obligations does a corporation have toward the environment? To respect entities unprotected by law? To care about future generations?
•Argues that environmentally-friendly business practices yield dividends exceeding expectations, and that the competitive firm of the 21st century will follow “green” standards
•Provides a background in ethics, a survey of business ethics, an account of environmental philosophy, an overview of environmental legal issues, and an account of the problems associated with globalization