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TECHNOCRATS (3) answer(s).
 
SrlItem
1
ID:   108356


Goldilocks liberalization: the uneven path toward interest rate reform in China / Shih, Victor   Journal Article
Shih, Victor Journal Article
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Publication 2011.
Summary/Abstract Nearly two decades after central bankers began to call for interest rate liberalization, the central bank continues to impose stringent rules on the fluctuation of deposit interest rates. This seems an unlikely outcome given widespread endorsement of liberalization by technocrats and experts both in and out of the government, China's accession to the World Trade Organization, and the technocrats' insulation from popular pressure. To be sure, local interests and central bank lobbying have driven gradual liberalization of interest rates. However, senior Chinese technocrats held on to control over interest rates because of their need to maintain state banks' dominance and to mobilize bank funds in times of economic downturns. As such, progress toward interest rate liberalization only to ok place during "Goldilocks" phases when the economy enjoyed healthy growth without high inflation.
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2
ID:   122966


Italian Defence Procurement at the Crossroads / Bonsignore, Ezio   Journal Article
Bonsignore, Ezio Journal Article
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Publication 2012.
Summary/Abstract The article presents information on the launch of the main guidelines of a wide-scope reform process of the Italian Armed Forces by the Italian Defence Minister Giampaolo di Paola has unveiled. It is stated that the introduction of large-scale reforms in virtually all aspects of Italy's military posture is indeed much overdue and more urgently needed. INSET: Main Ongoing Procurement Programmes.
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3
ID:   074952


Pathways through financial crisis: Indonesia / Martinez-Diaz, Leonardo   Journal Article
Martinez-Diaz, Leonardo Journal Article
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Publication 2006.
Summary/Abstract This article examines economic policymaking in Indonesia from the eve of the 1997 financial crisis to 2005 and asks whether engagement with the IMF widened or narrowed the choices available to Indonesian policymakers. It argues that engagement with the Fund expanded the menu of policy options available to the government when the IMF could count on a powerful internal champion that was ready to use its relationship with the Fund to strengthen its own position in the domestic political game. However, the Fund's actions had the effect of constraining policy space in decline, when a champion failed to materialize at all, or when the trust between the Fund and the country authorities deteriorated rapidly.
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