Allen N. Berger, Philip Molyneux, and John O. S. Wilson (eds)
The Oxford Handbook of Banking, 3rd Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This Handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. The Handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, the risks to which they are exposed and how these are managed, and their legal, organizational, and governance structures. Part II deals with Bank Activities and Performance. A variety of issues are assessed, including efficiency, technological change, globalization, and the ability to deliver small business, consumer, and mortgage lending services. Aspects relating to securitization, shadow banking, and payment systems are also covered. Part III entitled Regulatory and Policy Perspectives discusses the various roles of central banks, regulatory and supervisory authorities, and other government agencies which impact directly on the banking industry. Part IV of the Handbook entitled Macroeconomic Perspectives in Banking discusses interactions among banks, firms, and the macro-economy. This part of the Handbook covers the determinants of bank failures and crises, and the impact on financial stability, institutional development, and economic growth. The final Part V examines Banking Systems around the World. This section examines banking systems in the US, Japan, China, Africa, Eastern Europe and the Former Soviet Union, Latin America, Australia and New Zealand.
Mark D. White (ed.)
The Oxford Handbook of Ethics and Economics provides a timely and thorough survey of the various ways ethics can, does, and should inform economic theory and practice. The first part of the book, Foundations, explores how the most prominent schools of moral philosophy relate to economics; asks how morals relevant to economic behavior may have evolved; and explains how various approaches to economics incorporate ethics into their work. The second part, Applications, looks at the ethics of commerce, finance, and markets; uncovers the moral dilemmas involved with making decisions regarding social welfare, risk, and harm to others; and explores how ethics is relevant to major topics within economics, such as health care and the environment. A concluding chapter turns the table, recommending some lessons that ethics can learn from economics. With esteemed contributors from economics and philosophy, The Oxford Handbook of Ethics and Economics is designed to be a resource for scholars in both disciplines (and related fields such as political science, sociology, and psychology) as well as “consumers” of economics, such as policymakers, journalists, and laypersons. It highlights the close relationship between ethics and economics in the past while also laying a foundation for further integration going forward.
Eric Brousseau, Jean-Michel Glachant, and Jérôme Sgard (eds)
This handbook is currently in development, with individual articles publishing online in advance of print publication. At this time, we cannot add information about unpublished articles in this handbook, however the table of contents will continue to grow as additional articles pass through the review process and are added to the site. Please note that the online publication date for this handbook is the date that the first article in the title was published online. For more information, please read the site FAQs.
Célestin Monga and Justin Yifu Lin (eds)
This book examines a variety of topics relating to structural transformation, such as why such transformations are associated with persistently high unemployment; the ‘flying-geese’ theory introduced by Japanese economist Kaname Akamatsu in the mid-1930s; mutual, two-way dependence of structural transformation and food security; a competitiveness-based view of structural transformation; the link between world trade and structural change from 1800 to present; the relationship between financial reforms, financial development, and structural change; sustainable structural change in the context of global value chains; and the commonly used strategies to build effective clusters and industrial parks. The book also discusses the specific problems that arise when composing an index of structural change and development, and suggests ways to address them; how structural change can be formally modelled in New Structural Economics (NSE); and some of the key elements of the knowledge accumulated in development economics. Furthermore, it identifies three key economic forces that drive structural transformation: the first emphasizes income effects, while the other two both emphasize relative price effects. The experiences of regions and countries such as Latin America, the West African Economic and Monetary Union (WAEMU), India, Egypt, Viet Nam, China, Korea, Taiwan, Ethiopia, and Tanzania with respect to structural transformation are also analysed. Finally, the book considers what is harmful in the existing structures, what goals we want any new structures to serve, and what structures would serve the chosen goals.
David G. Mayes, Pierre L. Siklos, and Jan-Egbert Sturm (eds)
The Oxford Handbook of the Economics of Central Banking covers a wide range of central bank topics, including governance, independence, balance-sheet and crisis management, and the challenges in macroeconomic modeling. The book is intended as an up-to-date reference for the current and potential challenges faced by central banks in the conduct of monetary policy and in the search for the maintenance of financial system stability. The approach involves a wide variety of views about the past and present behavior and performance of central banks around the world, with the aim of providing a state-of-the-art perspective on the likely future challenges to be faced by this critical institution. Clearly, one of the motivations for the book is the great financial crisis of 2007–2009. Nevertheless, several of the themes covered and analyzed in the book predate the crisis. The aftermath of the crisis also raised new questions about the scope, influence, and response of central banks to a changing macroeconomic landscape. These developments also figure prominently in the book.
Roger D. Congleton, Bernard Grofman, and Stefan Voigt (eds)
The two volume Oxford Handbook of Public Choice provides a comprehensive overview of the Public Choice literature. Volume 1 covers rational choice models of elections, interest groups, rent seeking, and public choice contributions to normative political economy. It begins with introductory chapters on rational choice politics, the founding of public choice, and the evaluation and selection of constitutions. The chapters were all written for this handbook by scholars who are well known for their contributions to research in the areas discussed.
Roger D. Congleton, Bernard Grofman, and Stefan Voigt (eds)
The two-volume Oxford Handbook of Public Choice provides a comprehensive overview of the public-choice literature. Volume 2 covers constitutional political economy and applications of public-choice models to various policy areas. Part V has chapters on the architecture of governance, the theory of dictatorship, and the effects of the institutions of governance. Part VI discusses the politics of public policy, international public choice, public choice and history, and measurement issues. The volume touches on topics such as taxation, redistribution, federalism, and monetary policy. It ends with discussions of various methodological approaches, including extensions of the core models to account for altruism and trust, and overviews of measurement and estimation issues, and the use of experiments in public-choice research. The chapters were all written for this handbook by scholars well known for their contributions to the areas covered.
Fantu Cheru, Christopher Cramer, and Arkebe Oqubay (eds)
This volume is the first ever economics handbook on a single African country focused on the theme of structural transformation. It is intended to serve as a major reference book on the Ethiopian economy for university students, researchers, and policymakers. Part I, covering the period 1890–2017, deals with the transition from a traditional to a modern economy, from the period of Imperial rule under Emperor Haile Selassie, through the Derg regime to the post-1991 government of the EPRDF. Issues including land tenure, ethnic federalism, the constitutional framework, and legal institutions are assessed extensively. Part II deals with economic policies for structural transformation in the post-1991 period, covering topics such as the development of the financial sector, trade and infrastructure policies, poverty reduction strategies, and the focus on green and climate-resilient transformation. Part III focuses on social policy and development, with attention to growth, poverty and inequality, the shifting debate on demography, child nutrition, social protection, education, employment creation, and food security. Part IV examines progress in transforming Ethiopian agriculture and the remaining challenges of upgrading technological innovations to harness the value-added potential of the sector. Part V discusses the processes and policy adaptations undertaken by the government for late industrialization in Ethiopia with special reference to the garment and textile industry. The impact of urbanization on growth and transformation is also considered. Part VI situates the Ethiopian state-led development model in the larger debate of the significance of the East Asian development model to other developing countries such as Ethiopia.
Douglas Cumming (ed.)
Firms generally begin as privately owned entities. When they grow large enough, the decision to go public and its consequences are among the most crucial times in a firm’s life cycle. The first time a firm is a reporting issuer gives rise to tremendous responsibilities about disclosing public information and accountability to a wide array of retail shareholders and institutional investors. Initial public offerings (IPOs) offer tremendous opportunities to raise capital. The economic and legal landscape for IPOs has been rapidly evolving across countries. There have been fewer IPOs in the United States in the aftermath of the 2007–2009 financial crisis and associated regulatory reforms that began in 2002. In 1980–2000, an average of 310 firms went public every year, while in 2001–2014 an average of 110 firms went public every year. At the same time, there are so many firms that seek an IPO in China that there has been a massive waiting list of hundreds of firms in recent years. Some countries are promoting small junior stock exchanges to go public early, and even crowdfunding to avoid any prospectus disclosure. Financial regulation of analysts and investment banks has been evolving in ways that drastically impact the economics of going public—in some countries, such as the United States, drastically increasing the minimum size of a company before it can expect to go public. This Handbook not only systematically and comprehensively consolidates a large body of literature on IPOs, but provides a foundation for future debates and inquiry.
Emili Grifell-Tatjé, C.A. Knox Lovell, and Robin C. Sickles (eds)
According to the Organisation for Economic Co-operation and Development (OECD), in the two decades preceding 2014 two member countries, Italy and Spain, experienced productivity decline, while just four member countries, Korea, Ireland, Finland, and the United States, managed to achieve rates of productivity growth in excess of one percent per annum. Rates of productivity growth slowed following the global financial crisis in nearly all member countries. These diverse national productivity performances are aggregates of the productivity performances of individual producers, which are influenced by organizational factors such as the quality of management practices and the adoption of new technologies, and also by institutional features such as the stringency of product and labor market and environmental regulations. At the level of the individual producer, productivity has an important impact on financial performance and survival, while at the aggregate level, productivity is a critical determinant of national well-being. The essays collected in the Handbook provide significant contributions to our understanding of the causes and consequences of productivity growth. Part I contains the editors’ introduction. The chapters in Part II address a variety of measurement issues, from both analytical and practical perspectives. The chapters in Part III address a wide range of productivity issues at the level of the individual producer or industry. The chapters in Part IV address a range of aggregate productivity issues, both domestic and international.
Edmund Amann, Carlos R. Azzoni, and Werner Baer (eds)
Brazil constitutes a globally vital but troubled economy. It accounts for the largest GDP in Latin America and ranks among the world’s largest exporters of critical commodities including iron ore, soya, coffee, and beef. In recent years Brazil’s global economic importance has been magnified by a surge in both outward and inward foreign direct investment. This has served to further internationalize what has been historically a relatively closed economy. The purpose of this Handbook is to offer real insight into the Brazil’s economic development in contemporary context, understanding its most salient characteristics and analyzing its structural features across various dimensions. At a more granular level, this volume accomplishes the following tasks. First, it provides an understanding of the economy’s evolution over time and the connection of its current characteristics to this evolution. Second, it analyzes Brazil’s broader place in the global economy, and considers the ways in which this role has changed, and is likely to change, over coming years. Third, reflecting contemporary concerns, the volume offers an understanding, not only of how one of the world’s key economies has developed and transformed itself, but also of the ways in which this process has yet to be completed. The volume thus analyzes the current challenges facing the Brazilian economy and the kinds of issues that need to be tackled for these to be addressed.
Gordon L. Clark, Maryann P. Feldman, Meric S. Gertler, and Dariusz Wójcik (eds)
The New Oxford Handbook of Economic Geography is the most comprehensive and significant statement about the value and potential of economic geography in 2017. Sixty-six leading economists and geographers from around the world investigate the rival theories and perspectives that have sustained the development of economic geography. The Handbook also focuses on linkages, including those between inequality, instability, and sustainability in the global economy; economic behaviour, strategies, and practices; mobility and creativity; resources and development; and distribution and consumption. The Handbook is concerned with theories and perspectives that are relevant to economic geography today. The book is split into eight parts, providing comprehensive coverage of the following themes: Grounded in Place; Conceptual Foundations; Innovation; The Firm; Work; Finance; Resources and the Environment; and Strategies for Development
Shu-Heng Chen, Mak Kaboudan, and Ye-Rong Du (eds)
Being published as a celebration of the 60th anniversary of John von Neumann’s “Theory of Self-Reproducing Automata,” this handbook attempts to provide a unique reflection on the nature of computational economics and finance (CEF) in light of natural computationalism. We restructure CEF by including both nature-inspired computing and natural computing. This new framework allows us to have a view of CEF much broader than just the conventional algorithmic consideration. The book begins with a historical review of computational economics (CE), tracing its history far back to the era of analog computing. In these early days, advancements were mainly made using the idea of natural computing, and the subjects pursued by CE were the computing system as a whole, not just numerical computing. The handbook then is organized by distinguishing computing from computing systems. Six chapters (Chapters 2 to 7) are devoted to the former. They together present a review on the recent progresses in CE, as illustrated by the computation of rational expectations, general equilibrium, risk, and volatility. The subsequent 16 chapters are devoted to the computing-systemic view of CE, including natural-inspired computing (Chapters 8 to 12) and network, agent-based computing and neural computing (Chapters 13 to 23). In addition to providing alternative approaches to forecasting, investment strategies and risk management, etc., they enable us to have a 'natural' or more realistic description of the economy, starting from its decision makers; hence, market-design or policy-design issues involving different levels of the economy, be microscopic, mesoscopic and macroscopic, can be simultaneously addressed and coherently integrated. The handbook concludes with a chapter on what we may hope from CE by providing an in-depth review on the epistemological aspects of computation.
Susan L. Averett, Laura M. Argys, and Saul D. Hoffman (eds)
The transformation of women’s lives in the past century is among the most significant and far-reaching social and economic phenomena, affecting not only women, but also their partners and children. This Handbook provides the first comprehensive collection of essays that addresses these issues, using the powerful framework of economics. The essays are divided into three broad sections—marriage and fertility; the labor market; and special topics and policy issues. Separate and special attention is given to developed and developing economies, because the constraints women face and the key policy issues vary by level of development. While the primary focus is economics, where appropriate, the essays incorporate the newest interdisciplinary research about gender from biology and other disciplines. These essays will be of value to a wide range of readers, from specialists to students, and also to scholars in other disciplines seeking an overview of the most current research approaches and findings in economics.
Francesco Parisi (ed.)
The Oxford Handbook of Law and Economics covers over one-hundred topics on issues ranging from law and neuroeconomics to European Union law and economics to feminist theory and law and economics. The book gathers together scholars and experts in law and economics to create the most inclusive and current work on law and economics. It begins at the origins of the field of law and economics, tracks its progression and increased importance to both law and economics, and looks to the future of the field and its continued development by examining a cornucopia of fields touched by work in law and economics.
Francesco Parisi (ed.)
The Oxford Handbook of Law and Economics covers over one-hundred topics on issues ranging from law and neuroeconomics to European Union law and economics to feminist theory and law and economics. The book gathers together scholars and experts in law and economics to create the most inclusive and current work on law and economics. It looks at the origins of the field of law and economics, tracks its progression and increased importance to both law and economics, and looks to the future of the field and its continued development by examining a cornucopia of fields touched by work in law and economics.
Francesco Parisi (ed.)
The Oxford Handbook of Law and Economics covers over one hundred topics on issues ranging from law and neuroeconomics to European Union law and economics to feminist theory and law and economics. The book gathers together scholars and experts in law and economics to create the most inclusive and current work on law and economics. It looks at the origins of the field of law and economics, tracks its progression and increased importance to both law and economics, and looks to the future of the field and its continued development by examining a cornucopia of fields touched by work in law and economics.
Scott Cunningham and Manisha Shah (eds)
Prostitution is one of the least understood occupations but appears to have all the features of traditional markets: prices, supply and demand considerations, variety in the organizational structure, and policy relevance. These are keystones of economics analysis. Greater access to data has enabled economists to build better theories and gain a better understanding of the organization of sex market. The Oxford Handbook of the Economics of Prostitution is a comprehensive economic analysis of prostitution. It examines how prostitution markets are organized across space and time, the role of technology in shaping labor supply and demand, the intersection of prostitution with trafficking, and the optimal use of law enforcement. Among the issues addressed are the determination of sex worker prices, sexual assault and sex workers, bargaining, and STD transmission in sex work. What makes the material unique is its explicit focus on economics as the primary methodology for organizing our understanding of prostitution. It sheds light on underground markets, labor economics, risky behaviors, marriage, and gender.
Matthew D. Adler and Marc Fleurbaey (eds)
What are the methodologies that we should employ for designing and evaluating governmental policy, in light of the profound effects that policies have on the level and distribution of individuals’ well-being? The Oxford Handbook of Well-Being and Public Policy is a comprehensive, interdisciplinary treatment of this question—drawing from welfare economics, moral philosophy, and psychology. Part I of the Handbook covers policy-assessment methodologies, both established and emerging. Part II reviews philosophical conceptions of well-being, and the literature on “subjective well-being” in psychology and economics. The chapters in Part III focus specifically on well-being measurement, proposing or empirically illustrating various approaches to constructing a comprehensive individual-level indicator of well-being—or, alternatively, defending a “multidimensional” approach that eschews such a measure. Part IV reviews a variety of challenges for policy assessment. ThisThe Iintroductory chapter describes the Handbook structure and the role that each chapter plays therein, and highlights a number of key Handbook themes.
Yann Bramoullé, Andrea Galeotti, and Brian Rogers (eds)
This handbook represents the frontier of research into the economics of networks: how and why they form, how they influence behavior, how they help govern outcomes in an interactive world, and how they shape collective decision making, opinion formation, and diffusion dynamics. From a methodological perspective, the authors devote attention to theory, field experiments, laboratory experiments, and econometrics. Theoretical work in network formation, games played on networks, repeated games, and the interaction between linking and behavior are synthesized. A number of chapters are devoted to studying social processes mediated by networks. Topics here include opinion formation, diffusion of information and disease, and learning. There are also chapters devoted to financial contagion and systemic risk. Next, the handbook includes a section that discusses communities more generally, with applications including social trust, favor exchange, and social collateral; the importance of communities for migration patterns, and the role that networks and communities play in the labor market. A prominent role of networks, from an economic perspective, is that they mediate trade. Several chapters cover bilateral trade in networks, strategic intermediation, and the role of networks in international trade. The handbook also discusses the role of networks for organizations. One chapter discusses the role of networks for the performance of organizations, while two other chapters discuss managing networks of consumers and pricing in the presence of network-based spillovers. Finally, the handbook covers the Internet as a network, with attention to the issue of net neutrality.