Investing in Long-Term Europe
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The Political Economy of Sovereign Debt Ownership in the Eurozone
MPIfG Discussion Paper 20/2 Who Are These Bond Vigilantes Anyway? The Political Economy of Sovereign Debt Ownership in the Eurozone Tobias Arbogast MPIfG Discussion Paper MPIfG Discussion Paper Tobias Arbogast Who Are These Bond Vigilantes Anyway? The Political Economy of Sovereign Debt Ownership in the Eurozone MPIfG Discussion Paper 20/2 Max-Planck-Institut für Gesellschaftsforschung, Köln Max Planck Institute for the Study of Societies, Cologne April 2020 MPIfG Discussion Paper ISSN 0944-2073 (Print) ISSN 1864-4325 (Internet) © 2020 by the author(s) About the author Tobias Arbogast was a research assistant in the Research Group on the Sociology of Public Finances and Debt at the Max Planck Institute for the Study of Societies, Cologne. Email: [email protected] MPIfG Discussion Papers are refereed scholarly papers of the kind that are publishable in a peer-reviewed disciplinary journal. Their objective is to contribute to the cumulative improvement of theoretical knowl- edge. Copies can be ordered from the Institute or downloaded as PDF files (free). Downloads www.mpifg.de Go to Publications / Discussion Papers Max-Planck-Institut für Gesellschaftsforschung Max Planck Institute for the Study of Societies Paulstr. 3 | 50676 Cologne | Germany Tel. +49 221 2767-0 Fax +49 221 2767-555 www.mpifg.de [email protected] Arbogast: Who Are These Bond Vigilantes Anyway? iii Abstract This paper examines the ownership structure of eurozone public debt and the distribu- tional consequences thereof. Through both a comparative perspective and an explorative case study of Italy, this paper asks two research questions. Firstly, it asks who holds gov- ernment debt in Spain, France, Germany, and Italy. -
Oh for a New Risorgimento
SPECIAL REPORT I TA LY June 11th 2011 Oh for a new risorgimento SRitaly.indd 1 31/05/2011 14:42 S PECIAL REPORT I TALY O h for a new risorgimento Italy needs to stop blaming the dead for its troubles and get on with life, says John Prideaux ON A WARM spring morning in Treviso, a town in Italy’s north•east, sev• eral hundred people have gathered in the main square, in the shadow of a13th•century bell tower, to listen to speeches. The crowd is so uniformly dressed, in casually smart clothes and expensive sunglasses, that an out• sider might assume invitations to this event had been sent out weeks ago. Most people are clutching plastic ags on white sticks. Some of them car• ry children wearing rosettes in red, white and green. On a temporary stage a succession of speakers talk about the country’s glori• ous history. Italy has taken the day o to celebrate its 150th anniversary as a nation. Treviso’s mayor, Gian Paolo Gobbo, is not celebrating. The desk in his oce faces a large painting of Venice in the style of Canaletto. This has some signicance for Mr Gobbo, who has spent his political career ghting to resus• citate the Republic of Venice, which nally expired in 1797 after a long illness. Below the painting stands a uorescent• green bear. It’s just like me! exclaims the mayor, a portly man in his 60s. Green is the colour of the Northern League, C ONTENTS a party which has sometimes toyed with the idea of break• 3 The economy ing up Italy and allowing the northern part of the country For ever espresso to go it alone. -
Ingham County News
Ingham County News 22 Pages ____E1_·g_h_tY_·n_'in_t_h_Y_e_A_r_·· __N_o~:_3_6_i_· --------------------~-M_A_S~O_N~,~M--IC_I_1~1G~A~N~T~H~URSDAY, SEPTEMBER2, 1948 167 Planes Swarm Mason's Hot.el Stands Empty At Jewett Airport Without a· Mishap For First Time in H·istory . DAWN PATROL at Jewett airport, Ma her is Mrs. Mabel DeLong of Flint. They both son, dt·ew people from all over Michig.an. Sun flew in with their husbands. day was a perfect summer day and the pro Janice Runge, 3%, of Dearborn helped in gram carried out by the airport management, the award of gifts. She went on the dawn the Lions club, the Sycamore Valley Flying patrol with her parents, Mr. and Mrs. 0. club, 01 students, Mason automobile dealers Runge, and Mr. and Mrs. Glen Johnson and artd other groups and individuals was well George Yarmuth, in a Cessna 170. Peeking handled. · , down from above in the center picture at In the top picture, Arthur W .. Jewett, air the right is Ralph Swinehart, Mason's tall~;st port owner, is shown welcoming Allen Ed Lion. The sitting Lion without a mane is Nels wards of Detroit (right) while Dr. R. R. Rob Fen·iby. bins, general chairman of the Dawn Patrol D~ooling over the bacon and eggs they committee, looks on. Edwards has been flying are frymg are Russell Bement and Don Van sh1ce 1932, He is an engineer with the Fed I' derVeen, Sr. Waiting to be served are Frank eral Mogul Corporation of Detroit•, manu Launstein and his son, Lee. -
FREE to MOVE the Costs and Consequences of Restrictions on Migration
IEA Discussion Paper No.77 FREE TO MOVE The costs and consequences of restrictions on migration Philippe Legrain November 2016 Institute of Economic Aairs With some exceptions, such as with the publication of lectures, IEA Discussion Papers are blind peer-reviewed by at least one academic or researcher who is an expert in the field. As with all IEA publications, the views expressed in IEA Discussion Papers are those of the author and not those of the Institute (which has no corporate view), its managing trustees, Academic Advisory Council or senior staff. 3 Contents About the author 04 Summary 06 Introduction 08 Problems 10 Solutions 35 Pathways 44 References 49 4 About the author 5 Philippe Legrain is a senior visiting fellow at the London School of Economics’ European Institute and the founder of Open Political Economy Network (OPEN), an international think-tank focused on international political economy and openness issues. A columnist for Project Syndicate, Foreign Policy and CapX, he commentates for a wide range of international media outlets. From 2011–14 he was economic adviser to European Commission President José Manuel Barroso and head of the team providing the president with strategic policy advice. Previously, he was special adviser to World Trade Organisation Director-General Mike Moore and trade and economics correspondent for The Economist. Philippe is the author of four critically acclaimed books, including Immigrants: Your Country Needs Them (2007), which was shortlisted for the Financial Times Business Book of the Year award. His first study for OPEN is Refugees Work: A humanitarian investment that yields economic dividends (2016). -
The Limitations of the Euro: a Case Study of the COVID-19 Pandemic in Italy
Bard College Bard Digital Commons Masters of Science in Economic Theory and Policy Levy Economics Institute of Bard College Spring 2020 The Limitations of the Euro: A Case Study of the COVID-19 Pandemic in Italy Madeleine Johnsson Follow this and additional works at: https://digitalcommons.bard.edu/levy_ms Part of the Health Economics Commons The Limitations of the Euro: A Case Study of the COVID-19 Pandemic in Italy by Madeleine Johnsson Thesis Submitted to the Master of Arts in Economic Theory and Policy The Levy Economics Institute of Bard College Annandale-on-Hudson, NY 2020 1 Introduction The COVID-19 pandemic in Italy is the latest event following the 2010 European sovereign debt crisis and the 2015 European migrant crisis to expose the limitations of the euro. While the worst of the COVID-19 pandemic is over in Italy, the Italian economy faces a new dilemma. Italy finds itself in a potential deadlock as other countries outside and inside the Economic and Monetary Union (EMU) are able to mitigate the impact of the pandemic through greater fiscal relief measures. Therefore, the fate of Italy’s economic woes lies in the hands of the European Central Bank (ECB) and the Economic Commission. The difficulty, however, is that the EMU and its governing institutions not only are predicated on neoclassical economics that strips away vital monetary and fiscal policy space for member states during a crisis but also lacks an autonomous fiscal policy mechanism on the supranational level that can act decisively in a health crisis which asymmetrically affects Eurozone countries. -
Sailor Mars Meet Maroku
sailor mars meet maroku By GIRNESS Submitted: August 11, 2005 Updated: August 11, 2005 sailor mars and maroku meet during a battle then fall in love they start to go futher and futher into their relationship boy will sango be mad when she comes back =:) hope you like it Provided by Fanart Central. http://www.fanart-central.net/stories/user/GIRNESS/18890/sailor-mars-meet-maroku Chapter 1 - sango leaves 2 Chapter 2 - sango leaves 15 1 - sango leaves Fanart Central A.whitelink { COLOR: #0000ff}A.whitelink:hover { BACKGROUND-COLOR: transparent}A.whitelink:visited { COLOR: #0000ff}A.BoxTitleLink { COLOR: #000; TEXT-DECORATION: underline}A.BoxTitleLink:hover { COLOR: #465584; TEXT-DECORATION: underline}A.BoxTitleLink:visited { COLOR: #000; TEXT-DECORATION: underline}A.normal { COLOR: blue}A.normal:hover { BACKGROUND-COLOR: transparent}A.normal:visited { COLOR: #000020}A { COLOR: #0000dd}A:hover { COLOR: #cc0000}A:visited { COLOR: #000020}A.onlineMemberLinkHelper { COLOR: #ff0000}A.onlineMemberLinkHelper:hover { COLOR: #ffaaaa}A.onlineMemberLinkHelper:visited { COLOR: #cc0000}.BoxTitleColor { COLOR: #000000} picture name Description Keywords All Anime/Manga (0)Books (258)Cartoons (428)Comics (555)Fantasy (474)Furries (0)Games (64)Misc (176)Movies (435)Original (0)Paintings (197)Real People (752)Tutorials (0)TV (169) Add Story Title: Description: Keywords: Category: Anime/Manga +.hack // Legend of Twilight's Bracelet +Aura +Balmung +Crossovers +Hotaru +Komiyan III +Mireille +Original .hack Characters +Reina +Reki +Shugo +.hack // Sign +Mimiru -
Refugees Work: a Humanitarian Investment That Yields Economic Dividends
REFUGEES WORK: A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS PHILIPPE LEGRAIN MAY 2016 1 REFUGEES WORK: A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS ABOUT THE AUTHOR PHILIPPE LEGRAIN IS THE FOUNDER OF OPEN POLITICAL ECONOMY NETWORK (OPEN), A CAMPAIGNING INTERNATIONAL THINK-TANK (OR PLATFORM FOR PROGRESS) ON OPENNESS ISSUES. HE IS ALSO A SENIOR VISITING FELLOW AT THE LONDON SCHOOL OF ECONOMICS' EUROPEAN INSTITUTE AND A COLUMNIST FOR PROJECT SYNDICATE, FOREIGN POLICY AND CAPX. FROM 2011 TO 2014 HE WAS ECONOMIC ADVISER TO THE PRESIDENT OF THE EUROPEAN COMMISSION AND HEAD OF THE TEAM PROVIDING PRESIDENT BARROSO WITH STRATEGIC POLICY ADVICE. PHILIPPE IS THE AUTHOR OF FOUR CRITICALLY ACCLAIMED BOOKS, NOTABLY IMMIGRANTS: YOUR COUNTRY NEEDS THEM, WHICH WAS SHORTLISTED FOR THE 2007 FINANCIAL TIMES BUSINESS BOOK OF THE YEAR AWARD. RESEARCH ASSISTANCE WAS PROVIDED BY YANO MOUSSAVI. MICHAEL CLEMENS, JONATHAN PORTES, GIOVANNI PERI AND HOWARD DUNCAN KINDLY PROVIDED VERY HELPFUL COMMENTS, AS DID JOHN NORRIS. This report uses the exchange rates prevailing on 22 January TENT.ORG 2016, whereby 1 euro = 1.08 US dollars, 1 British pound = 1.43 US OPENNETWORK.NET dollars and 1 US dollar = 1.42 Canadian dollars, 1.42 Australian dollars, 8.57 Swedish krona and 6.90 Danish krone. COPYRIGHT ©2016 3 REFUGEES WORK: A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS CONTENTS EXECUTIVE SUMMARY 7 INTRODUCTION 10 A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS 18 POLICY ANALYSIS AND RECOMMENDATIONS 42 CONCLUSION 57 APPENDIX 59 NOTES 60 1 theres a footnote up here somewhere 5 REFUGEESREFUGEES WORK: WORK: A HUMANITARIANA HUMANITARIAN INVESTMENT INVESTMENT THAT THAT YIELDS YIELDS ECONOMIC ECONOMIC DIVIDENDS DIVIDENDS 7 EXECUTIVE SUMMARY INVESTING ONE EURO IN investment links with Vietnam. -
Dear Friends, the Situation That Came About in Recent Days on The
ООО Концерн «ДЖЕНЕРАЛ- ИНВЕСТ» Россия, 105062, г. Москва, ул. Покровка, д. 47 А ТЕЛ/ФАКС: +7 (495) 727-21-66 [email protected] www.c-g-i.ru Dear friends, The situation that came about in recent days on the international financial markets was for many a source of concern. The turmoil in the markets have taken off when the news spread that the Congress and the Senate of the United States had not reached an agreement on increasing the debt and the U.S. threatened to declare a technical default on August 2. The tensions and speculative pressures that were on in the days immediately prior to 2 August have been strengthened earlier this week when the markets reopened following the downgrade of U.S. sovereign debt from AAA to AA +. The Italian stock market trends last week have been heavily affected by the international tensions and led to consolidate the loss of Milan Stock Exchange at -8.98% in the last seven days. The national and international press has argued that poor performance of the Milan Stock Exchange (in line with all other main markets) was due to the debt situation of the Italian Republic. It is necessary for us to take a position and argue the reasons that lead us to remain relaxed about the situation of the Italian debt: • The S & P Rating on Italian government debt in the long term is A + (since 2006, and has not been touched despite the crisis of 2008) • Italy has a public debt equal to 120% of GDP, but this debt has been accumulated in 50 years, while the United States, which have a public debt equal to 100% of GDP have accumulated it in less than 10 years with a dynamic of which they have clearly lost control. -
La Reproducción De Valores Culturales En El Anime Japonés: Análisis De La Industria Cultural Japonesa
Facultad de Comunicación y Diseño Licenciatura en Ciencias de la Comunicación Tesis monográfica La reproducción de valores culturales en el Anime Japonés: análisis de la Industria Cultural Japonesa. Caso de estudio: STUDIO GHIBLI. Alumnos: Juan Martín García - L.U. 1105928 [email protected] 01163214019 Federico Peowich – L.U. 1106196 [email protected] 01133740407 Director de la carrera: Lic. José Crettaz Tutora: Lic. Romina Casas 1 Abstract La presente tesis monográfica pretende analizar y detallar las marcas y operaciones que construyen el concepto cultura japonesa dentro del animé de Studio Ghibli. Ghibli es un estudio de trayectoria mundial que produjo películas muy conocidas que utilizamos para el análisis: El viaje de Chihiro, La princesa Mononoke y Mi vecino Totoro. Hayao Miyazaki es el responsable de presentar un tipo de animé diferente al de robots o Samuráis. El principal objetivo es dilucidar de qué manera se representa la cultura japonesa en este particular anime. El análisis nos permite identificar elementos de construcción, así como obtener como producto final una idea de aquello que Miyazaki quiere que veamos o conozcamos de Japón. Palabras clave: animé, cultura, religión, sintoísmo, Japón, naturaleza, representación, análisis discursivo, construcción, representación. 2 Índice Problema ………………………………………………………………………………… 6 Marco de referencia ………………………………………………………………….... 7 Objetivos ………………………………………………………………………………… 11 Hipótesis …………………………………………………………………….................. 11 Marco teórico …………………………………………………………………………… 12 Marco metodológico …………………………………………………………………... 20 Capítulo 1: El Animé 1.0: Historia y evolución del animé ……………………………………………. 22 1.1 Primeros Pasos …………………………………………………………….. 22 1.2 Toei Doga …………………………………………………………………… 26 1.3 Studio Ghibli ………………………………………………………………… 30 1.4 Década de los 90 y 00´ (Madhouse y Production IG) ………………….. 31 Capítulo 2: El animé de Studio Ghibli. 2.0: Origen de Studio Ghibli ……………………………………………………. -
Animated Dialogues, 2007 29
Animation Studies – Animated Dialogues, 2007 Michael Broderick Superflat Eschatology Renewal and Religion in anime “For at least some of the Superflat people [...] there is a kind of traumatic solipsism, even an apocalyptic one, that underlies the contemporary art world as they see it.” THOMAS LOOSER, 2006 “Perhaps one of the most striking features of anime is its fascination with the theme of apocalypse.” SUSAN NAPIER, 2005 “For Murakami, images of nuclear destruction that abound in anime (or in a lineage of anime), together with the monsters born of atomic radiation (Godzilla), express the experience of a generation of Japanese men of being little boys in relation to American power.” THOMAS LAMARRE, 2006 As anime scholar Susan Napier and critics Looser and Lamarre suggest, apocalypse is a major thematic predisposition of this genre, both as a mode of national cinema and as contemporary art practice. Many commentators (e.g. Helen McCarthy, Antonia Levi) on anime have foregrounded the ‘apocalyptic’ nature of Japanese animation, often uncritically, deploying the term to connote annihilation, chaos and mass destruction, or a nihilistic aesthetic expression. But which apocalypse is being invoked here? The linear, monotheistic apocalypse of Islam, Judaism, Zoroastra or Christianity (with it’s premillennial and postmillennial schools)? Do they encompass the cyclical eschatologies of Buddhism or Shinto or Confucianism? Or are they cultural hybrids combining multiple narratives of finitude? To date, Susan Napier’s work (2005, 2007) is the most sophisticated examination of the trans- cultural manifestation of the Judeo-Christian theological and narrative tradition in anime, yet even her framing remains limited by discounting a number of trajectories apocalypse dictates.1 However, there are other possibilities. -
Ell 1E5 570 ' CS 20 5 4,96;
. MC0111117 VESUI17 Ell 1E5 570 ' CS 20 5 4,96; AUTHOR McLean, Ardrew M. TITLE . ,A,Shakespeare: Annotated BibliographiesendAeaiaGuide 1 47 for Teachers. .. INSTIT.UTION. NIttional Council of T.eachers of English, Urbana, ..Ill. .PUB DATE- 80 , NOTE. 282p. AVAILABLe FROM Nationkl Coun dil of Teachers,of Englishc 1111 anyon pa., Urbana, II 61.801 (Stock No. 43776, $8.50 member, . , $9.50 nor-memberl' , EDRS PRICE i MF011PC12 Plus Postage. DESCRIPTORS Annotated Biblioal7aphies: *Audiovisual Aids;'*Dramt; +English Irstruction: Higher Education; 4 *InstrUctioiral Materials: Literary Criticism; Literature: SecondaryPd uc a t i on . IDENTIFIERS *Shakespeare (Williaml 1 ABSTRACT The purpose of this annotated b'iblibigraphy,is to identify. resou'rces fjor the variety of approaches tliat teachers of courses in Shakespeare might use. Entries in the first part of the book lear with teaching Shakespeare. in secondary schools and in college, teaching Shakespeare as- ..nerf crmance,- and teaching , Shakespeare with other authora. Entries in the second part deal with criticism of Shakespearear films. Discussions of the filming of Shakespeare and of teachi1g Shakespeare on, film are followed by discu'ssions 'of 26 fgature films and the,n by entries dealing with Shakespearean perforrances on televiqion: The third 'pax't of the book constituAsa glade to avAilable media resources for tlip classroom. Ittries are arranged in three categories: Shakespeare's life'and' iimes, Shakespeare's theater, and Shakespeare 's plam. Each category, lists film strips, films, audi o-ca ssette tapes, and transparencies. The.geteral format of these entries gives the title, .number of parts, .grade level, number of frames .nr running time; whether color or bie ack and white, producer, year' of .prOduction, distributor, ut,itles of parts',4brief description of cOntent, and reviews.A direCtory of producers, distributors, ard rental sources is .alst provided in the 10 book.(FL)- 4 to P . -
Executive Summary 08 Introduction 12
Open Up How to fix the flaws in the EU’s Digital Single Market By Hosuk Lee-Makiyama and Philippe Legrain Open Political Economy Network (OPEN) January 2017 OPEN UP | HOWJANUARY TO FIX 2017 THE FLAWS IN THE EU'S DIGITAL SINGLE MARKET 3 Hosuk Lee-Makiyama | @leemakiyama Philippe Legrain | @plegrain is the co-founder of OPEN. He is a leading European is the founder of OPEN. A critically acclaimed analyst of digitalisation who has been researching thinker and writer, he is a senior visiting fellow at digital trade and the information-technology the London School of Economics’ European Institute sector for over a decade and whose work has and a commentator for Project Syndicate and other been published by top academic institutions and international media outlets. He was previously international organisations. He is also co-director economic adviser to the President of the European of the European Centre for International Political Commission and head of the team providing José Economy (ECIPE). Previously, he represented Manuel Barroso with strategic policy advice; special Sweden in various international organisations, adviser to World Trade Organisation director- including the United Nations, the World Trade general Mike Moore; and trade and economics Organisation and the European Union. correspondent for The Economist. His latest book, European Spring: Why Our Economies and Politics are in a Mess – and How to Put Them Right, was among the Financial Times’ Best Books of 2014. The authors acknowledge the assistance of Edward Percarpio (background research) and Eoghan Gannon (copy editing). Report design by Data Design, a product of AudienceNet. OPEN UP | HOW TO FIX THE FLAWS IN THE EU'S DIGITAL SINGLE MARKET 5 Open Political Economy Network | @open2progress is a non-profit and non-partisan platform for progress that produces innovative, independent and accessible policy and political research, analysis and campaigns on openness issues.