JUST Capital seeks to make public companies more "just" by measuring and ranking their overall impact on society, based on the priorities most important to the average American. Ethan Rouen and Charles Wang explore whether capitalism is broken, JUST Capital's performance evaluation methodology is relevant to corporate managers, and if its strategies for exerting influence can be effective in improving corporate behavior.
Open for comment; 0 Comment(s) posted.
This study examines how reserve accumulation affects governments’ decisions to default. The analysis assumes that countries can accumulate reserves and borrow internationally using their own currency. Results suggest that the optimal level of international reserves is fairly large because their cost is mitigated by valuation-smoothing gains. The model matches some features of Brazil’s economic fluctuations.
Debt Redemption and Reserve Accumulation
This study examines how reserve accumulation affects governments’ decisions to default. The analysis assumes that countries can accumulate reserves and borrow internationally using their own currency. Results suggest that the optimal level of international reserves is fairly large because their cost is mitigated by valuation-smoothing gains. The model matches some features of Brazil’s economic fluctuations.