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Index to Current Urban Documents

Urban Economics and Finance

Financialization and the world economy / edited by Gerald A. Epstein.

. Financialization and the world economy / edited by Gerald A. Epstein. 1843768747 (cased) series Cheltenham, UK ; Northampton, MA : Edward Elgar Pub., c2005.
Call#: Van Pelt Library HG173 .F5195 2005

PART I: INTRODUCTION AND DISTRIBUTIONAL IMPLICATIONS

1. Introduction: Financialization and the World Economy (pdf)
Gerald A.Epstein
2. Costs and Benefits of Neoliberalism: A Class Analysis
Gerard Dumenil and Dominique Levy
3. The Rise of Rentier Incomes in OECD Countries: Financialization, Central Bank Policy and Labor Solidarity
Gerald A. Epstein and Arjun Jayadev

Part II: FINANCIALIZATION AND THE US ECONOMY

4. The Neoliberal Paradox: The Impact of Destructive Product Market Competition and ‘Modern' Financial Markets on Nonfinancial Corporation Performance in the Neoliberal Era
James Crotty
5. The Late 1990s' US Bubble: Financialization in the Extreme (pdf)
Robert R. Parenteau
6. Derivatives Markets: Sources of Vulnerability in US Financial Markets
Randall Dodd

PART III: FINANCIALIZATION AND THE INTERNATIONAL MONETARY SYSTEM

7. Financial Globalization, Exchange Rates and International Trade
Robert A. Blecker
8. The Eurodollar Market and the New Era of Global Financialization
Edwin Dickens
9. The Role of the International Monetary System in Financialization
Jane D'Arista

PART IV: CASE STUDIES OF FINANCIALIZATION AND ECONOMIC CRISIS

10. The Rise of the New Money Doctors in Mexico
Sarah Babb
11. The Making of the Turkish Financial Crisis
Yilmaz Akyuz and Korkut Boratav
12. The Recent Crisis - and Recovery - of the Argentine Economy: Some Elements and Background (pdf)
Arturo O'Connell
13. International Liquidity and Growth Fluctuations in Brazil
Nelson H. Barbosa-Filho
14. The Causes and Consequences of Neoliberal Restructuring in Post-Crisis Korea
James Crotty and Kang-Kook Lee

PART IV: POLICY PERSPECTIVES

15. Averting Crisis? Assessing Measures to Manage Financial Integration in Emerging Economies
Ilene Grabel
16. Why International Capital Mobility Should be Curbed and How it Could be Done
David Felix
17. Applying a Securities Transactions Tax to the US: Design Issues, Market Impact and Revenue Estimates
Robert Pollin

For Just a Few Dollars, a Big TV and Years of Debt - New York Times

February 2, 2008

About New York

For Just a Few Dollars, a Big TV and Years of Debt

By JIM DWYER

First thing Friday morning, before anyone showed up to rent a television for the Super Bowl, Deborah Williams walked in the door of the Rent-A-Center store under the Broadway el in Bushwick, Brooklyn. She was delivering $109 in cash, her February payment for a 27-inch television that she is buying over time.

If she does not miss any payments, she will own the television by the summer, for a total of about $900. Such televisions can be bought retail for well under $400, but that would require more money than Deborah Williams can put her hands on at one time.

This is a big week in the television rental business. Fliers were slipped under the doors at the Astoria Houses in Queens that urged people to hurry to the Rent-A-Center on Steinway Street so they could have a big new TV for the football game. Among the offers was a 40-inch Bravia, with payments of $47.51 a week. In 117 weeks, the customer would own the set outright, for $5,558.

Republicans Battle for Votes and Money in California - New York Times

Financial Management Association Guide to Professional Associations and Finance Publications

Dot-Com Bubble: Why It's So Hard to Value Social Networking Sites

This article questions the very high valuation of social networking Websites (MySpace and Facebook being valued around $15 billion and $900 million, respectively) and compares these potentially inflated figures to the dot-com bubble before it burst. It describes the difficulty in making an accurate estimate of these companies’ worth because of a lack of data on their advertising revenues and cost structure. This article was an interesting look at the business end of social networking sites, as opposed to the cultural end (which is more frequently found in scholarly research). The potentially inflated valuations of these large-scale social networking Websites is also partially due to their high-speed growth. Both MySpace and Facebook have grown dramatically in the past few years (and will likely continue to do so), but this article argues that such growth does not necessarily bring profits to match.

My only critique of this article is that it vacillates between the view that the social networking companies could be a repeat of the dot-com bubble and the position that they are not in fact as risky as one might think. I didn’t feel that he fully reconciled those two opposing viewpoints by the end. They explain this discrepancy in terms of the companies being risky for investors but not for the marketplace as a whole, like the dot-coms of six years ago were. One might need a stronger background in investing and business to fully understand the implications of that statement. What I did find useful in this article though was its discussion of the social networking companies, specifically MySpace and Facebook, as major players in the business world. These new media Internet corporations, driven by user inputs, are currently being bought for many millions, and in some cases, billions of dollars. The article questions whether such Internet social networking Websites are a passing fad, but it appears that investors and corporations that buy into them (like Comcast, Viacom, Yahoo!, News Corp) think them stable enough for the time being.

Wharton Research Data Services

From the website:

WRDS provides instant access to important databases in the fields of finance, accounting, banking, economics, management, marketing and public policy.

We provide universities with the following key benefits:

    * A Simple, yet Powerful Web Interface. We offer point-and-click access to many databases. You can research one firm or several hundred firms simultaneously. All the databases have a common interface and a consistent data format.

    * A Host of Research Applications. We offer sophisticated tools and sample programs for a variety of research, including: conducting event studies, testing asset-pricing models using Fama-French portfolios, calculating bid-ask spreads on different exchanges and securities, and much more.

    * Support from a team of PhD's and IT Specialists. Whether you use the web interface or run customized programs on our UNIX server, our staff of Phd's and programmers will answer your research and programming questions.

    * Classroom Learning Enhancements. WRDS interface is simple and straightforward. Faculty can easily integrate research data into classroom lectures and student projects.

    * Timely Updates. Our experienced IT staff converts and installs database updates, so research data can be accessed immediately. You no longer have to spend countless hours programming and decoding tapes or writing Fortran access programs.

Ownership Structure in the Malaysian Corporate Sector: Its Impact on Corporate Governance, Performance, Financing and Investment Patterns

Recasting the International Financial Agenda

A Financial Architecture for Middle-Class-Oriented Development