The spread of central bank political unaccountability  

Posted by talos in , , ,

GLOBALIZATION PRESSURES AND THE STATE: THE WORLDWIDE SPREAD OF CENTRAL BANK INDEPENDENCE [pdf]

"We predict that countries boost the independence of their central bank from the political power as their exposure to foreign trade, investment, and multilateral lending increases. We also model the cross-national dynamic process of diffusion of central bank independence by examining the impact of cohesive and role-equivalent trade relationships between countries. We test our hypotheses with information on 71 countries between 1990 and 2000, using both event-history modeling and fixed-effects panel-corrected regression. Controlling for domestic variables of a macroeconomic and political nature, we find empirical support for each our predictions. We conclude that globalization pressures have the effect of strengthening certain parts of the state at the expense of others, and raise concerns about the degree of democratic oversight of technocratic institutions."

3 views on the Crisis  

Posted by talos in , ,

David Harvey, The Crisis Today: Marxism 2009 July 15, 2009:



The Roots of the World Ecological Crisis
by John Bellamy Foster, October 29. 2009 (starts at ~17'):


Tom Reifer, July 8 2009
Histories of the Present: Giovanni Arrighi, the Longue Duree of Geohistorical Capitalism, and the Current Crisis

Contributors

My photo
Ο Τάλως, του Τάλω, ώ Τάλως

buzzed

Twitter / talws

My Furl Archive

My G'Reader Feed

Stats


View My Stats

tracker

eXTReMe Tracker