Global Financial Networked Governance provides a careful analysis of the Financial Stability Board (FSB) and the standard-setters under its umbrella to show how such government networks harness the power of public reputation to herd their members into compliance. The FSB’s track record in coordinating global financial regulatory reform is uneven. Some items on its agenda have seen the rapid evolution of globally coordinated regulatory standards and their implementation by all member states, sometimes even ahead of the stipulated timelines. In contrast, other initiatives have stalled at different stages of the policymaking process, global coordination is lacking, deadlines have been missed, and it is currently unclear when the post-crisis financial reform project will come to completion, if ever. In this book, the author asks the question: why has the FSB succeeded in some areas of its global financial regulatory coordination work and not in others? The book traces the global policymaking process in three major issue areas: banking regulation (Basel III), over-the-counter (OTC) derivatives, and ending too-big-to-fail. Through a combination of careful process tracing and rigorous testing against alternative explanations, it challenges the existing literature by revealing that the institutional pathway of policymaking is the main predictor of FSB progress. It shows that government networks on their own have succeeded in implementing globally coherent safety standards. In contrast, legislation and legislators in key G20 countries have limited the power and effectiveness of the FSB. The author analyzes the causes and effects of this phenomenon and suggests a novel institutional solution to the effectiveness-legitimacy dilemma that global governance forums face, combining the advantages of functional specialization and electoral accountability. This book will be of great interest to graduate students; academics working at the intersection of economics, political science, and international law; students of the FSB in particular; and policymakers in global economic governance.
Global Financial Networked Governance provides a careful analysis of the Financial Stability Board (FSB) and the standard-setters under its umbrella to show how such government networks harness the power of public reputation to herd their members into compliance. The FSB’s track record in coordinating global financial regulatory reform is uneven. Some items on its agenda have seen the rapid evolution of globally coordinated regulatory standards and their implementation by all member states, sometimes even ahead of the stipulated timelines. In contrast, other initiatives have stalled at different stages of the policymaking process, global coordination is lacking, deadlines have been missed, and it is currently unclear when the post-crisis financial reform project will come to completion, if ever. In this book, the author asks the question: why has the FSB succeeded in some areas of its global financial regulatory coordination work and not in others? The book traces the global policymaking process in three major issue areas: banking regulation (Basel III), over-the-counter (OTC) derivatives, and ending too-big-to-fail. Through a combination of careful process tracing and rigorous testing against alternative explanations, it challenges the existing literature by revealing that the institutional pathway of policymaking is the main predictor of FSB progress. It shows that government networks on their own have succeeded in implementing globally coherent safety standards. In contrast, legislation and legislators in key G20 countries have limited the power and effectiveness of the FSB. The author analyzes the causes and effects of this phenomenon and suggests a novel institutional solution to the effectiveness-legitimacy dilemma that global governance forums face, combining the advantages of functional specialization and electoral accountability. This book will be of great interest to graduate students; academics working at the intersection of economics, political science, and international law; students of the FSB in particular; and policymakers in global economic governance.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. In one country, the prime minister pushes for the liberalization of digital finance as a central pillar of the country's national strategy, while the central bank almost makes it a criminal offence. In another, the digital minister tries to scupper the very process to support digital transformation that the president has asked them to co-lead. This book gives a ringside seat on seven developing countries' tumultuous early steps on the path to a reform of the economy and the government using technology. Written by a group of academics and practitioners from Oxford at the heart of the process, but foregrounding the voices of the policymakers and participants, this book documents and critically assesses efforts to assist a set of governments to kick-start digital transformation. In doing so, it offers lessons for policymakers in other countries who want to pursue similar efforts. Beyond that, however, it is also an exposition of the process of policymaking more generally in the 2020s, and offers broader insight into how outsiders can play a sensible role in other reform processes in developing and emerging countries.
The myth of the Calydonian boar-hunt belongs to the great mythical cycles of the ancient world. P. Grossardt now offers the first complete presentation of all literary sources of the Calydonian hunt, as well as of other adventures of its central hero Meleagros. The sources have been arranged by genre and their literary context has been taken well into account. The author gives special attention to the development of different versions of the legend. Individual poets, Grossardt observes, used the myth of the Calydonian boar-hunt as a functional element in a larger context or in conscious contrast to older texts. In reconstructing the prehistory of the legend and its religious background, the author shows that the Calydonian boar-hunt myth originally had the function of an aition for the cult of Artemis Laphria and that it was taken up by the epic tradition long before Homer.
An Economist and Sunday Times Best Book of the Year “Deserves to be hailed as a magnum opus.” —Tom Holland, The Telegraph “Ambitious...seeks to rehabilitate the Holy Roman Empire’s reputation by re-examining its place within the larger sweep of European history...Succeeds splendidly in rescuing the empire from its critics.” —Wall Street Journal Massive, ancient, and powerful, the Holy Roman Empire formed the heart of Europe from its founding by Charlemagne to its destruction by Napoleon a millennium later. An engine for inventions and ideas, with no fixed capital and no common language or culture, it derived its legitimacy from the ideal of a unified Christian civilization—though this did not prevent emperors from clashing with the pope for supremacy. In this strikingly ambitious book, Peter H. Wilson explains how the Holy Roman Empire worked, why it was so important, and how it changed over the course of its existence. The result is a tour de force that raises countless questions about the nature of political and military power and the legacy of its offspring, from Nazi Germany to the European Union. “Engrossing...Wilson is to be congratulated on writing the only English-language work that deals with the empire from start to finish...A book that is relevant to our own times.” —Brendan Simms, The Times “The culmination of a lifetime of research and thought...an astonishing scholarly achievement.” —The Spectator “Remarkable...Wilson has set himself a staggering task, but it is one at which he succeeds heroically.” —Times Literary Supplement
This book discusses the methods used in helio- and asteroseismology for the collection, analysis and interpretation of data. It is the first comprehensive discussion of helioseismic and asteroseismic methodology, collecting techniques from over 300 research papers spread out over decades, with a critical discussion and inter-comparison. It enables the reader to follow the path of inference from the collection of the data at the telescope through to the understanding gained in terms of the modeling of solar and stellar physics and stellar evolution.By focusing on how results are obtained, rather than on the results themselves, this book provides the essential background needed to understand this field, which is rapidly advancing due to the availability of modern observing facilities both on the ground and in space. The material is accessible for advanced undergraduates and post-graduates, and provides an essential resource for researchers in the field./a
Hegemonic transitions are never clear, and they usually emerge from a period of multi-polarity in the world-system. Two types of state tend to contend for power: trading states and territorial states, although most states are never “pure” and tend to contain within them multiple polities with different agendas. This book describes the hegemonic transition between two major trading states, Britain and America. British decline began in the late Victorian era, but the transition to American power was slow, and other states also sought hegemony. Transitions between trading states focus on economic struggle, though struggles between trading and territorial states and between territorial states are marked by armed conflict. In 1919 President Woodrow Wilson saw three arenas of competition developing between Britain and America: in international transportation, international communication, and petroleum. But Britain was challenged economically by America as early as 1861 via the Morrill Tariff, her economic hegemony was gone by the 1880s, and she was “defeated” by 1947. From the 1880s on both America and Germany sought to replace Britain as hegemonic power not only through their implementation of protectionist economic policies, but also through the adoption of revised versions of the world-economy, through new technologies, and, in the case of Germany, military power. Britain struggled to stay in place. Britain’s world-economy was that of a pure trading state. Maritime trade in organic materials was organized through global capitalism and control over submarine cable telecommunications rather than territorial possession. America’s rise was greatly helped by being a capitalist power in possession of a secure territorial base in the mid-section of the North American continent, but America suffered from multiple polities competing for power, with the South particularly problematic. Germany developed a radically new world-economy that synthesized resources using organic chemistry. German science and technology began to diffuse to American corporate laboratories before World War One. After that war, diffusion to American laboratories and universities was massive and helped secure American hegemony.
Written at a post-graduate level, this new volume provides a cumulative overview of the research available on the pathogenesis of fear and anxiety in youths. Its aim is to give the reader an idea of the factors that are thought to be involved in the development of abnormal fear and anxiety in children and adolescents, and to integrate this knowledge in a comprehensive model. Normal and Abnormal Fear and Anxiety in Children and Adolescents also gives an update of the current scientific status on the psychological and pharmacological treatment and assessment of anxiety disorders in youths. - Reviews research literature on the cause of childhood anxiety, not only the existence and treatment - Discusses empirically supported intervention strategies - Includes questionnaires for measuring anxiety and related concepts that can be employed for research purposes - Anxiety disorders in children and adolescents is the author's primary area of research
A meticulous analysis of Hellenistic culture spanning three centuries, from the death of Alexander the Great in 325 B.C. Green surveys every significant aspect of Hellenistic cultural development in this colorful, complex period that will fascinate all readers. 217 illustrations, 30 maps.
Lernpunkt Deutsch provides a challenging and thorough approach to grammar, and encourages vocabulary acquisition, practice and retention. It is a three stage course which is rigorous and motivating.
Since the early 1950s, most countries that adopted Soviet-style central planning have attempted to reform this system. Certain commonalities stand out: a thrust toward increasing the autonomy of enterprises or subnational entitites in determining investments, wages, hiring, input purchase, product mix, and the conduct of foreign trade; reliance on the price system and financial mechanisms to guide enterprise decision making; linking earnings of managers and workers more closely to enterprise and individual performance; and recognition of a constructive role for the private sector. At the same time they have considered reform, however, these centrally planned economies have been remarkably resistant to change. Experience suggests that the success of reform depends largely on the strength of political support, the comprehensiveness and internal consistency of the reforms, the length of time they are pursued without interruption, and the availability of some economic slack. Case histories of reform in Romania, China, Hungary, and Yugoslavia are included.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. In one country, the prime minister pushes for the liberalization of digital finance as a central pillar of the country's national strategy, while the central bank almost makes it a criminal offence. In another, the digital minister tries to scupper the very process to support digital transformation that the president has asked them to co-lead. This book gives a ringside seat on seven developing countries' tumultuous early steps on the path to a reform of the economy and the government using technology. Written by a group of academics and practitioners from Oxford at the heart of the process, but foregrounding the voices of the policymakers and participants, this book documents and critically assesses efforts to assist a set of governments to kick-start digital transformation. In doing so, it offers lessons for policymakers in other countries who want to pursue similar efforts. Beyond that, however, it is also an exposition of the process of policymaking more generally in the 2020s, and offers broader insight into how outsiders can play a sensible role in other reform processes in developing and emerging countries.
The core of what we refer to as ‘the project of modernity’ is the idea that human beings have the power to bring the world under their control, and hence it is based on a ‘kinetic utopia’: the movement of the world as a whole reflects the implementation of our plans for it. But as soon as the kinetic utopia of modernity is exposed, its seemingly stable foundation cracks open and new problems appear: things don’t happen according to plan because as we actualize our plans, we set in motion other things that we didn’t want as unintended side-effects. We watch with mounting unease as the self-perpetuating side-effects of modern progress overshadow our plans, as a foreign movement breaks off from the very core of the modern project supposedly guided by reason and slips away from us, spinning out of control. What looked like a steady march towards freedom turns out to be a slide into an uncontrollable and catastrophic syndrome of perpetual mobilization. And precisely because so much comes about through our actions, these developments turn out to have explosive consequences for our self-understanding, as we begin to realize that, so far from bringing the world under our control, we are instead the agents of our own destruction. In this brilliant and insightful book Sloterdijk lays out the elements of a new critical theory of modernity understood as a critique of political kinetics, shifting the focus of critical theory from production to mobilization and shedding new light on a world facing the growing risk of humanly induced catastrophe.
The idea of a connection between poetry and religion is as old as civilization. Homer consulted the Olympian gods on the fate of the fighters on the plain before Troy, and the poet made the heavenly ones speak. It was through poetry that the gods were brought within reach of human hearing. In the centuries after Homer, the Athenian stage became the setting where gods made their poetic interventions, resolving human impasses and contributing to the emotional synchronization of the public life of the city. Sloterdijk argues that, as with the culture of the Ancient Greeks, all religions inscribe a kind of “theopoetry” at the heart of their cultural life and thought, even as they strenuously obscure these poetic origins through the cultivation and enforcement of orthodox norms. Sloterdijk also shows how, in conditions of religious pluralism, religions poetically reshape themselves to accommodate the demands of the religious marketplace. This highly original study of the poetic devices that inform accounts of the otherworldly offers a new interpretation of religious practice and its theological elaboration through history, as well as a fresh perspective on our contemporary age in which collective life, interwoven with imaginative fabrications, is fraying under critical stress.
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