By Douglas Cumming, Na Dai & Sofia Johan
The success of a hedge fund relies on more than just internal structure and governance. The jurisdiction in which a hedge fund operates will also have a considerable influence on its performance. This article, based on the book Hedge Fund Governance, Regulation and Performance around the World, considers the international differences in the interplay between hedge funds and hedge fund regulations.
Both the U.S. and the European Union are addressing the problems believed to have created the financial crisis by heightening consumer protection in the mortgage lending sector. Regulations such as the Dodd-Frank Act (U.S.) and the European Standardised Information Sheet focus on the consumer’s ability to repay and hope to strengthen the cross-border market for mortgages.
Globalisation and the Global Financial Crisis (GFC) have presented major challenges to orthodoxy. John Farrar and David Mayes discuss the implications of these challenges for the role of the state across the globe and argue that it is high time to confront our theory with reality.
Mortgage Lending Solutions for Troubled Markets
Anna DeSimone
Global Economy
How the Great Moderation Became a (Contained) Depression and What to Do About It
Barry Z. Cynamon, Steven M. Fazzari & Mark Setterfield
Governance of International Banking: The Financial Trilemma
Dirk Schoenmaker
Trade Imbalances and the Global Financial Crisis
Michael Pettis
Business
What Is Global Leadership?
Sebastian Reiche, Mark E. Mendenhall, Allan Bird, & Joyce S. Osland
Sustainability
The Role of Urban Spaces in the Creation of Value
Martha Schwartz
Corporate Social Responsibility Does Not Avert the Tragedy of the Commons – Case Study: Coca-Cola India
Aneel Karnani
Technology
Law and the Technologies of the Twenty-First Century
Roger Brownsword & Morag Goodwin
Reimagining Enterprise IT for an Uncertain Future
Jeanne G. Harris, Allan E. Alter, Stéphane J.G. Girod & Iris A. Junglas
Lifestyle
Which Global Luxury Trends for the Coming Years?
Jeanne G. Harris, Allan E. Alter, Stéphane J.G. Girod & Iris A. Junglas
Social Media Change the Name of the Game in the Tourismand Hospitality Industries
Ulrike Gretzel, Marianna Sigala & Evangelos Christou
The source of the global crisis through which we are living can be found in the great trade and capital flow imbalances of the past decade or two. Unfortunately because balance of payments mechanisms are so poorly understood, much of the debate about the crisis is caught up in muddled analysis.
International banking is at the cross-roads. Are we heading for the decentralised banking model, by which banks are split in national subsidiaries supervised by national supervisors? Or can we maintain the integrated business model for international banks? In a new book on Governance of International Banking, published by Oxford University Press, the author Dirk Schoenmaker explores the trade-offs between internationally active banks and national supervision.
By Jonas Hoffmann & Ivan Coste-Manière
The luxury industry is currently on a remarkable journey defying the gloomy economic outlook quarter after quarter. Seven trends are currently shaping this industry: emergence of Chinese clients, localizing marketing strategies, digital everywhere, dealing with the happy few, sustainability goes mainstream, consolidation versus niche opportunities, and luxury coming from made in emerging economies luxury.
By Barry Z. Cynamon, Steven M. Fazzari & Mark Setterfield
The Great Recession was deep and the subsequent recovery has been slower than most economists predicted. This article summarizes the message of a recent book that presents perspectives from a group of Keynesian economists, who warned prior to 2007 of dangerous trends that could lead to these unfavorable outcomes. The authors discuss how the debt-fueled consumer boom leading up to the Great Recession was unsustainable and how rising inequality has compromised demand generation during the feeble recovery. The article concludes by considering how public policy must respond in coming years.
By Xin Wang & Justin Ren
Why has there been hardly any successful entry into China’s e-commerce market by western firms? From consumer-to-consumer markets to online retailing, the authors point out the common pitfalls of those firms entering China, and the unique challenges faced by multinational companies. Through re-thinking how to balance standardization and customization in global marketing strategies, the authors offer some practical advice that western companies can follow in order to meet the fast-changing needs of China’s online customers.
