Steve H. Hanke (/ ˈ h æ ŋ k i /) is a professor of applied economics at the Johns Hopkins University in Baltimore, blogger.com is also a senior fellow and director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC, and co-director of the Johns Hopkins University's Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Aug 10, · Hearing about finance thesis topics or finance management project topics could scare you. Many finance students are afraid of digging into their finance research topics list because of the complexities that could be involved Learn everything an expat should know about managing finances in Germany, including bank accounts, paying taxes, getting insurance and investing
Finance and Accounting Dissertation Topics and Titles - Research Prospect
Steve H. He is also a senior fellow and director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC, [1] [2] and co-director of the Johns Hopkins University's Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Baltimore, Maryland.
Hanke is known for his work as a currency reformer [5] in emerging-market countries such as Albania, [6] Argentina, [7] [8] Bulgaria, [9] [10] Bosnia and Herzegovina, [11] Ecuador, [12] Estonia, [13] [14] Indonesia, [15] Jamaica, [16] Kazakhstan, [17] Lithuania, [13] Montenegro, [18] Russia, [19] [20] [21] Venezuela, [22] and Yugoslavia.
Hanke has written extensively as a columnist for Forbes magazine [26] and other publications. He is also a currency and commodity trader. Steve Hanke was born in Macon, Georgiain and grew up in Atlantic, Iowawhere he attended Atlantic High School.
He then attended the University of Colorado Boulderasian crisis currency dissertation, where he was a member of the Phi Delta Theta fraternity. Hanke earned a B. in business administration and a Ph. in economics from the University of Colorado. Hanke's first academic appointment was at the Colorado School of Mines inwhen he was During this time, Hanke developed and taught courses in mineral and petroleum economics, [29] while completing his Ph. dissertation on the impact of meter installation on municipal water demand.
Hanke then joined the faculty of the Johns Hopkins Universitywhere he initially specialized in water resource economics. After six years at Johns Hopkins, including a one-year visiting professorship at the University asian crisis currency dissertation California, Berkeley, Hanke attained the rank of full professor, [3] one of the fastest promotions to that rank in the school's history. Over the course of his career, Hanke has held editorial positions with a number of academic journals, including the Journal of Economic Policy Reform ; Water Resources Research ; Land Economics ; and Water Engineering and Management.
He currently holds editorial positions with The International EconomyThe Independent ReviewCato JournalReview of Austrian EconomicsEconomic Journal Watch asian crisis currency dissertation, and Central Banking. InHanke and Johns Hopkins University history professor Louis Galambos founded the Johns Hopkins Institute for Applied Economics, Global Health and Study of Business Enterprise. Hanke is a senior advisor at Renmin University's International Monetary Research Institute, along with Nobel laureate Robert Mundell of Columbia.
InHanke began his academic career as a water resource economist in the Johns Hopkins Department of Geography and Environmental Engineering now the Department of Environmental Health and Engineeringa department asian crisis currency dissertation by famed sanitary engineer Abel Wolman. At the time, the department was known as the premier water resource engineering department in the country, and was home to world-renowned sanitary engineer John C.
Geyer, with whom Hanke would frequently collaborate. Hanke was hired to continue the water-related research program at Johns Hopkins that began during the Geyer era. During his initial years in the department, Hanke focused on issues including water pricing and demand, benefit-cost analysis, system design, asian crisis currency dissertation, and leak detection and control.
During this time, Hanke served as the associate editor of the Water Resources Bulletin and Water Resources Researchas the economics editor for Water Engineering and Managementand as a member of the asian crisis currency dissertation board of Land Economics. InHanke was appointed a senior economist with the president's Council of Economic Adviserswhere his responsibilities included the Reagan White House's water portfolio. Hanke continues to be active in the water resources field, focusing primarily on municipal water system privatization.
Hanke has produced eight books and numerous articles and proposals dealing with the privatization of public-sector resources. Inhe was a research associate at the National Museums of Kenyawhere he worked with anthropologist and conservationist Richard Leakey on the economics of big game cropping and hunting, as well as the privatization of big game reserves to combat poaching.
While at the Asian crisis currency dissertation House, Hanke worked closely with his long-time associate, CEA member William A. Hanke's work to privatize public lands put him at odds with Secretary of the Interior James Watt and members of the Sagebrush Rebellionwho sought to transfer federal public lands to state control, rather than to private ownership. Ture, and Paul Craig Roberts. InHanke was appointed a senior adviser to the Joint Economic Committee of the U.
Congress, where he advised Senators Steve Symms and Paul Laxalt on privatization. Although the English term "reprivatisation" first appeared in The Economist asian crisis currency dissertation in the s, and subsequently in various academic journals, [64] Hanke and his wife, asian crisis currency dissertation, Liliane, are often credited with popularizing the term "privatization" — derived from the French term " privatise " — in the American economic lexicon during the s, as well as for bringing about its inclusion in Merriam-Webster's Collegiate Dictionary.
Hanke has authored numerous articles on the subject of privatization, including the entry for "Privatization" in the edition of The New Palgrave: A Dictionary of Economics. After Hong Kong reinstated its currency board inHanke began to collaborate with his fellow Johns Hopkins professor, and Margaret Thatcher 's personal economic adviser, Sir Alan Walterson the subject of currency boards.
Walters was a key advocate of the reestablishment of Hong Kong's currency board. Hanke and Walters established a currency board research program at Johns Hopkins. One of Hanke's first post-doctoral fellows in that program was Kurt Schuler. Shortly after Schuler's arrival at Johns Hopkins, Hanke and Schuler discovered that John Maynard Keynes was an advocate of currency boards.
During this time, Hanke also began conducting research on dollarization[70] whereby a country replaces its domestic currency with a stable foreign currency — creating a de facto fixed-exchange-rate monetary system between two countries. Over the course of his career, Hanke has written over 20 books and monographs and over articles on currency boards and dollarization. Hanke also co-authored with Sir Alan Walters the entry for "Currency Boards" in the edition of The New Palgrave Dictionary of Money and Finance.
In addition, he played a central role in drafting and bringing about the inclusion of the so-called "Hanke Amendment" in the Foreign Operations Appropriations Bill. contributions to the International Monetary Fund to be used for the purpose of establishing currency boards. InHanke and Alex Kwok published a paper, [74] which estimated that Zimbabwe's hyperinflation peaked in November at 7.
This makes Zimbabwe's hyperinflation the second-highest in history — peaking 3. Hanke employs a methodology, based on the principle of purchasing power paritywhich allows him to accurately estimate inflation in countries with very high inflation rates. Using this methodology, Hanke and his collaborators discovered several cases of hyperinflation that had previously gone unreported in the academic literature and popular press. These include the hyperinflation episode in the Free City of Danzigand more recently, asian crisis currency dissertation, suspected cases in North Koreaand Iran InHanke founded the Troubled Currencies Project, a collaboration between the Johns Hopkins University and the Cato Institute, in order to track exchange-rate and inflation data in countries including Argentina, Egypt, Nigeria, asian crisis currency dissertation, North Korea, Syria, and Venezuela.
Hanke's views on monetary policy are influenced by his experience as a currency and commodities trader, asian crisis currency dissertation, as well as by the economics of Milton FriedmanRobert Mundelland Friedrich Hayek. Hanke is a proponent of Divisia monetary aggregatesoriginated by William A.
Barnett [79] of the University of Kansas and the Center for Financial Stability. Hanke argues that changes in nominal national income are a function of changes in broad money aggregates.
Hanke has employed SMBMA as a method of analyzing the response of various countries to the financial crisis. In particular, asian crisis currency dissertation, Hanke has employed SMBMA for the United States, the United Kingdom, and various countries in the European Union to study the pro-cyclical effects of higher capital-asset ratios implemented during economic downturns.
Hanke has been an outspoken critic of pro-cyclical capital requirements imposed under Basel IIIDodd—Frankasian crisis currency dissertation other financial regulatory regimes. Hanke and his colleague Dick Henrya professor in the Johns Hopkins Department of Physics and Astronomy, developed the Hanke-Henry Permanent Calendarwhich aims to reform the current Gregorian calendar by making every year identical.
Some of the advantages would include a permanent day of the week for all holidays; a simplification of financial calculations, asian crisis currency dissertation, and it would not draw criticism from religious groups because it retains the Sabbath. Hanke began advising political leaders on economic issues in the late s, when he served as a member of the Governor's Council of Economic Advisers for the State of Maryland, along with Carl Christ and Clopper Almon.
Hanke has advised five presidents Bulgaria, Indonesia, Kazakhstan, Venezuela, and Montenegro ; five cabinet ministers Albania, Argentina, Ecuador, Yugoslavia, and the United Arab Emirates ; and has held two cabinet-level positions Lithuania and Montenegro. As the fall of communism and the Soviet ruble began to spark currency crises throughout the former Soviet Union, Hanke began to work as an economic adviser to a number of heads of state in newly independent countries in Eastern Europe and the Balkans.
Inunder Hanke's leadership, Friedberg Mercantile Group, Inc. was one of the few trading shops to predict the devaluation of the Russian ruble. Hanke predicted that the devaluation would occur after mid-year, and the ruble collapsed shortly thereafter, on August asian crisis currency dissertation, In collaboration with his then-post-doctoral student, Kurt Schuler, Hanke developed a blueprint for a currency board reform package, [17] [91] which he proposed in a number of countries throughout the s, including Albania, [6] Argentina, asian crisis currency dissertation, [7] [8] Bulgaria, [9] [10] Bosnia and Herzegovina, [11] Ecuador, [12] Estonia, [13] [14] Indonesia, [15] Jamaica, [16] Kazakhstan, [17] Lithuania, asian crisis currency dissertation, [13] Montenegro, [18] Russia, [19] [20] [21] Venezuela, [22] and Yugoslavia.
InHanke met Argentine President Carlos Menemwho connected Hanke and his wife, Liliane, with the libertarian faction in the Argentine Congress led by Alvaro Alsogarayfor the purpose of developing a currency reform that would end Argentina's inflation problems. was co-authored by Kurt Schuler and included a preface by Argentine Congressman José María Ibarbia, who was a member of the Alsogaray faction.
Later, Hanke worked closely with Menem and members of the Argentine Congress to implement a currency board, along the general lines of Hanke and Schuler's original proposal.
During the to period, Hanke worked closely with Congressman José María Ibarbia and his colleagues the so-called Alsogaray faction in the Argentine Congress to develop a blueprint for a currency board system. That blueprint was published in Buenos Aires and contains a preface written by José María Ibarbia. Following Hanke and Sir Alan Walters ' prediction of the Mexican peso's collapse, [97] Argentine Finance Minister Domingo Cavallo invited Hanke to serve as his adviser, asian crisis currency dissertation.
Argentina's convertibility system differed in several key respects from Hanke's original proposal, however. In Octoberthe year the system was implemented, Hanke warned in a Wall Street Journal asian crisis currency dissertation that the convertibility system could begin to function as a central bank, and eventually collapse. Hanke wrote many articles showing that asian crisis currency dissertation convertibility system was not a currency board.
As the convertibility system began to falter, Carlos Menemon Hanke's advice, proposed dollarization for Argentina — first in and again in January This proposal was never acted upon, and the convertibility system ultimately collapsed in In JanuaryHanke was appointed the personal economic adviser to Yugoslav Deputy Prime Minister Zivko Pregl.
During this time, Hanke proposed a number of free-market reforms, including the privatization of Yugoslavia's pension system, as well as a currency board system to address the failing Yugoslav dinar. Inthe Ekonomski Institute Beograd published a book, in the Serbo-Croatian language, which Hanke and Schuler co-authored. However, these efforts were suspended when the Yugoslav civil war broke out and Pregl resigned in June InHanke began advising Albanian Deputy Prime Minister and Minister of Asian crisis currency dissertation Gramoz Pashko on the possibility of establishing a currency board in Albania.
The proposal was contained in Hanke and Kurt Schuler's monograph "A Currency Board Solution for the Albanian Lek", published by the International Freedom Foundation. InHanke anticipated Bulgaria 's hyperinflation episode and began designing a currency board system for Bulgaria. He incorporated this proposal into a monograph co-authored with Kurt Schuler.
The monograph, "Teeth for the Bulgarian Lev: A Currency Board Solution" was published in Hanke continued his asian crisis currency dissertation on a Bulgarian currency boardperiodically visiting Sofia throughout the early s, asian crisis currency dissertation. Induring Bulgaria's second episode of hyperinflation, Hanke was appointed as an adviser to Bulgarian President Petar Stoyanovand worked to bring about the establishment of Bulgaria's currency board.
Acting in his capacity as Stoyanov's adviser, asian crisis currency dissertation, Hanke continued to be deeply involved in fine-tuning and steering his idea to full adoption, throughout the drafting, legislative, and implementation process. Bulgaria adopted the proposal and installed the currency board on July 1, asian crisis currency dissertation, The currency board linked the lev to the German Deutsche Markand later the euro.
Upon adoption, the Bulgarian Currency Board immediately put an end to the country's hyperinflation episode. Hanke remains active in Bulgaria, as a vocal supporter of the currency board, the country's flat taxand anti-corruption measures.
He frequently contributes to the Bulgarian publications CapitalTrud and Noviniteamong others. And inVarna Free University awarded Hanke the title doctor honoris causain honor of his scholarship on currency boards and his reform efforts in Bulgaria. Tsenov Academy of Economics awarded Hanke a doctorate honoris causa in honor of Hanke's work as the father of asian crisis currency dissertation Bulgarian currency board.
InHanke, asian crisis currency dissertation, Kurt Schuler, and Lars Jonung — then a professor at the Stockholm School of Economics — released a book in both English and Estonian containing a blueprint for an Estonian currency board.
Financial crisis in Thailand caused by speculative attack - Macroeconomics - Khan Academy
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Steve H. Hanke (/ ˈ h æ ŋ k i /) is a professor of applied economics at the Johns Hopkins University in Baltimore, blogger.com is also a senior fellow and director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC, and co-director of the Johns Hopkins University's Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Learn everything an expat should know about managing finances in Germany, including bank accounts, paying taxes, getting insurance and investing Nov 16, · Economics Essays. The essays below were written by students to help you with your own studies. If you are looking for help with your essay then we offer a comprehensive writing service provided by fully qualified academics in your field of study
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