This account of the financial crisis of 2008–2009 compares banking systems in the United States and the United Kingdom to those of Canada and Australia and explains why the system imploded in the former but not the latter. Central to this analysis are differences in bankers’ beliefs and incentives in different banking markets.A boom mentality and fear of being left behind by competitors drove many U.S. and British bank executives to take extraordinary risks in creating new financia...

This account of the financial crisis of 2008–2009 compares banking systems in the United States and the United Kingdom to those of Canada and Australia and explains why the system imploded in the former but not the latter. Central to this analysis are differences in bankers’ beliefs and incentives in different banking markets.A boom mentality and fear of being left behind by competitors drove many U.S. and British bank executives to take extraordinary risks in creating new financia...

Several problems plague contemporary thinking about governance. From the multiple definitions that are often vague and confusing, to the assumption that governance strategies, networks and markets represent attempts by weakening states to maintain control. Rethinking Governance questions this view and seeks to clarify how we understand governance. Arguing that it is best understood as 'the strategies used by governments to help govern', the authors counter the view that governments have be...

The Hunter Region, between the Hawkesbury and Manning rivers in eastern New South Wales, hosts a rich diversity of vegetation, with many species found nowhere else. Spanning an area from the coast to the tablelands and slopes, its rainforests, wet and dry sclerophyll forests, woodlands, heathlands, grasslands and swamps are known for their beauty and ecological significance. Flora of the Hunter Region describes 54 endemic trees and large shrubs, combining art and science in a manner rarely...

This book describes and analyses necessities for a more resource-efficient world. It discusses solutions for a more sustainable use of natural resources, addressing decision-makers and experts from the fields of policy development, industry, academia, civil society, and the media. The book presents strategies, concrete ways and examples of achieving more sustainable resource use in practice.Following on from two previous titles published on Factor X by the Umweltbundesamt (German E...

Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors interact, no amount of incremental reform can have much impact on the financial system—meaningful reform can stem only from a revised growth model.For...

With $4.5 trillion in total assets, the People’s Bank of China now surpasses the U.S. Federal Reserve as the world’s biggest central bank. The Rise of the People’s Bank of China investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking ...

Winners and losers: it's the brutal reality in most advanced economies. Increased inequality, economic stagnation and financial instability are the consequences of technological change, globalisation and the massive increase in financial systems. Governments struggle to deal with the unrest this creates and to resolve competing claims for the spoils of growth.Australia's egalitarian traditions and past reforms have served the country well, but the risks of weakening demand, stagnat...

French naturalist and medical doctor Aimé Bonpland (1773–1858) was one of the most important scientific explorers of South America in the early nineteenth century. From 1799 to 1804, he worked alongside Alexander von Humboldt as the latter carried out his celebrated research in northern South America, but he later returned to conduct his own research farther south. A Life in Shadow accounts for the entire span of Bonpland's remarkable and diverse career in South America—in Argenti...

No subject causes more irritation, frustration, and confusion than issues concerning government. God has timeless truths in the Bible for resolving the conflict between world politics and the righteousness of Gods kingdom. Misunderstanding these truths results in the actions of well-meaning Christians being viewed by the world as offensive, unloving, and hypocritical. The result causes major doubts in the credibility of the Church and limits belief in the loving message of the cross.

The promise of artificial intelligence is automated decision-making at scale, but that means AI also automates risk at scale. Are you prepared for that risk?Already, many companies have suffered real damage when their algorithms led to discriminatory, privacy-invading, and even deadly outcomes. Self-driving cars have hit pedestrians; HR algorithms have precluded women from job searches; mortgage systems have denied loans to qualified minorities. And often the companies who deployed...

Join Dale Mitchell, your run-of-the-mill truck driver. Until one day, he accidentally runs someone over. Now, through a series of strange and unforeseeable circumstances, he has become anything but normal.A story of magic, of a history that never was, and of a man trying to go through his day-to-day life while managing the affairs of an entire world. Join Dale Mitchell on his journey.