A comprehensive examination of policy measures intended to help emerging markets contend with large and volatile capital flows. While always episodic in nature, capital flows to emerging market economies have been especially volatile since the global financial crisis. After peaking at $680 billion in 2007, flows to emerging markets turned negative at the onset of crisis in 2008, then rebounded only to recede again during the U.S. sovereign debt downgrade in 2011. Since then, flows have continued to swing wildly, leaving emerging market policy makers wondering whether they can put in place policies during the inflow phase that will soften the blow when flows subsequently recede. This book offers the first comprehensive treatment of policy measures intended to help emerging markets contend with large and volatile capital flows. The authors, all IMF experts, explain that, in the spirit of liberalization and deregulation in the 1980s and 1990s, many emerging market governments eliminated capital inflow controls along with outflow controls. By 2012, however, capital inflow controls were again acknowledged as legitimate policy tools. Focusing on the macroeconomic and financial-stability risks associated with capital flows, the authors combine theoretical and empirical analysis to consider the interaction between monetary, exchange rate, macroprudential, and capital control policies to mitigate these risks. They examine the effectiveness of various policy tools, discuss the practical considerations and multilateral implications of their use, and provide concrete policy advice for dealing with capital inflows.

Against the Tide is a leadership book that illustrates how Adm. Hyman Rickover made a unique impact on American and Navy culture. Dave Oliver is the first former nuclear submarine commander who sailed for the venerable admiral to write about Rickover’s management techniques. Oliver draws upon a wealth of untold stories to show how one man changed American and Navy culture while altering the course of history. The driving force behind America’s nuclear submarine navy, Rickover revolutionized naval warfare while concurrently proving to be a wellspring of innovation that drove American technology in the latter half of the twentieth-century. As a testament to his success, Rickover’s single-minded focus on safety protected both American citizens and sailors from nuclear contamination, a record that is in stark contrast to the dozens of nuclear reactor accidents suffered by the Russians. While Rickover has been the subject of a number of biographies, little has been written about his unique management practices that changed the culture of a two-hundred-year-old institution and affected the outcome of the Cold War. Rickover’s achievements have been obscured because they were largely conducted in secret and because he possessed a demanding and abrasive personality that alienated many potential supporters. Nevertheless he was an extraordinary manager with significant lessons for all those in decision-making positions. The author had the good fortune to know and to serve under Rickover during much of his thirty-year career in the Navy and is singularly qualified to demonstrate the management and leadership principles behind Rickover’s success.

‘Represents the culmination of an 18-month-long project that aims to be the definitive review of this important topic. Accompanied by a scholarly literature review, some new analysis, and a wealth of evidence and insight... the report is a tour de force; a once-in-a-generation opportunity to take stock.’ – Dr Steven Hill, Head of Policy, HEFCE, LSE Impact of Social Sciences Blog ‘A must-read if you are interested in having a deeper understanding of research culture, management issues and the range of information we have on this field. It should be disseminated and discussed within institutions, disciplines and other sites of research collaboration.’ – Dr Meera Sabaratnam, Lecturer in International Relations at the School of Oriental and African Studies, University of London, LSE Impact of Social Sciences Blog Metrics evoke a mixed reaction from the research community. A commitment to using data and evidence to inform decisions makes many of us sympathetic, even enthusiastic, about the prospect of granular, real-time analysis of our own activities. Yet we only have to look around us at the blunt use of metrics to be reminded of the pitfalls. Metrics hold real power: they are constitutive of values, identities and livelihoods. How to exercise that power to positive ends is the focus of this book. Using extensive evidence-gathering, analysis and consultation, the authors take a thorough look at potential uses and limitations of research metrics and indicators. They explore the use of metrics across different disciplines, assess their potential contribution to the development of research excellence and impact and consider the changing ways in which universities are using quantitative indicators in their management systems. Finally, they consider the negative or unintended effects of metrics on various aspects of research culture. Including an updated introduction from James Wilsdon, the book proposes a framework for responsible metrics and makes a series of targeted recommendations to show how responsible metrics can be applied in research management, by funders, and in the next cycle of the Research Excellence Framework. The metric tide is certainly rising. Unlike King Canute, we have the agency and opportunity – and in this book, a serious body of evidence – to influence how it washes through higher education and research.

In 1991, Island Press published Turning the Tide, a unique and accessible examination of the Chesapeake Bay ecosystem. The book took an indepth look at the Bay’s vital signs to gauge the overall health of its entire ecosystem and to assess what had been done and what remained to be done to clean up the Bay. This new edition of Turning the Tide addresses new developments of the past decade and examines the factors that will have the most significant effects on the health of the Bay in the coming years.With new case studies and updated maps, charts, and graphs, the book builds on the analytical power of ten years of experience to offer a new perspective, along with clear, science-based recommendations for the future. For all those who want to know not only how much must be done to save the Bay but what they can do and how they can make a difference, Turning the Tide is an essential source of information.

This authoritative and accessible investment classic promises rare insight into what it really takes to run money in a top-performing investment fund. Anthony Bolton, the UK’s most successful stock market investor, tells the story of his contrarian approach to managing money. He provides invaluable lessons on the factors that really matter in picking a stock: the need to identify good managers, how to run a portfolio, the importance of value investing, reading charts and how to trade successfully. It’s not easy to continually buy low and sell high. This book gives clear directions for doing well in the stock market, and doing well consistently. Investing Against the Tide shows you how to make the right decisions at the right time. Anthony Bolton is considered the UK’s most successful stock market investor and fund manager. Over twenty five years he delivered a market-beating return of 20% in his Fidelity Special Situations Fund. How did he do it, and what can you learn from him? In Investing Against the Tide, Anthony Bolton tells the story of his contrarian approach to managing money. He provides invaluable lessons on the factors that really matter when investing: how to pick a stock, the need to identify good managers, how to run a portfolio, the importance of value investing, reading charts and how to trade successfully. In this account of financial accomplishment, Bolton reveals the secrets of his success. It’s not easy constantly to buy low and sell high and this book gives clear directions for doing well in the stock market, and doing well consistently. Chapter by chapter Investing Against the Tide shows you how to make the right decisions at the right time and featured key lessons show you how you really can learn from a life running money. Investing Against the Tideis an authoritative guide for investment professionals, offering them a rare insight into what it really takes to run money in a top-performing fund, as well as providing amateur investors the chance to learn the stock-picking strategies from a leading money-manager. About the author Anthony Bolton left Cambridge University with a degree in engineering to begin a career in the City. He started as a graduate trainee working for Keyser Ullmann in 1971 before taking up a full time position as an assistant in their investment department. In 1976 he moved to Schlesingers where he became, for the first time, an investment manager. In 1979, aged 29, he was recruited by Fidelity, the international fund management group, as one of its first London-based investment managers, a move that proved to be the launch of a long and successful career. In surveys of professional investors, he is regularly voted the fund manager most respected by his peers. He retired from full-time investment management at the end of 2007, but continues to work at Fidelity as a mentor of the analysts and younger fund managers as well as being involved in overseeing Fidelity’s investment process. His hobby is composing classical music. Anthony Bolton is married with three children and lives in West Sussex.

Americans love to colonize their beaches. But when storms threaten, high-ticket beachfront construction invariably takes precedence over coastal environmental concerns—we rescue the buildings, not the beaches. As Cornelia Dean explains in Against the Tide, this pattern is leading to the rapid destruction of our coast. But her eloquent account also offers sound advice for salvaging the stretches of pristine American shore that remain. The story begins with the tale of the devastating hurricane that struck Galveston, Texas, in 1900—the deadliest natural disaster in American history, which killed some six thousand people. Misguided residents constructed a wall to prevent another tragedy, but the barrier ruined the beach and ultimately destroyed the town's booming resort business. From harrowing accounts of natural disasters to lucid ecological explanations of natural coastal processes, from reports of human interference and construction on the shore to clear-eyed elucidation of public policy and conservation interests, this book illustrates in rich detail the conflicting interests, short-term responses, and long-range imperatives that have been the hallmarks of America's love affair with her coast. Intriguing observations about America's beaches, past and present, include discussions of Hurricane Andrew's assault on the Gulf Coast, the 1962 northeaster that ravaged one thousand miles of the Atlantic shore, the beleaguered beaches of New Jersey and North Carolina's rapidly vanishing Outer Banks, and the sand-starved coast of southern California. Dean provides dozens of examples of human attempts to tame the ocean—as well as a wealth of lucid descriptions of the ocean's counterattack. Readers will appreciate Against the Tide's painless course in coastal processes and new perspective on the beach.

Tidal Energy Systems: Design, Optimization and Control provides a comprehensive overview of concepts, technologies, management and the control of tidal energy systems and tidal power plants. It presents the fundamentals of tidal energy, including the structure of tidal currents and turbulence. Technology, principles, components, operation, and a performance assessment of each component are also covered. Other sections consider pre-feasibility analysis methods, plant operation, maintenance and power generation, reliability assessment in terms of failure distribution, constant failure rate and the time dependent failure model. Finally, the most recent research advances and future trends are reviewed. In addition, applicable real-life examples and a case study of India's tidal energy scenario are included. The book provides ocean energy researchers, practitioners and graduate students with all the information needed to design, deploy, manage and operate tidal energy systems. Senior undergraduate students will also find this to be a useful resource on the fundamentals of tidal energy systems and their components. - Presents the fundamentals of tidal energy, including system components, pre-feasibility analysis, and plant management, operations and control - Explores concepts of sustainability and a reliability analysis of tidal energy systems, as well as their economic aspects and future trends - Covers the assessment of tidal energy systems by optimization technique and game theory

The European zebra mussel in the Great Lakes, a toxic Japanese dinoflagellate transferred to Australia--such biologically and economically harmful stowaways have made it imperative to achieve better management of ballast water in ocean-going vessels. Stemming the Tide examines the introduction of nonindigenous species through ballast water discharge. Ballast is any solid or liquid that is taken aboard ship to achieve more controlled and safer operation. This expert volume Assesses current national and international approaches to the problem and makes recommendations for U.S. government agencies, the U.S. maritime industry, and the member states of the International Maritime Organization. Appraises technologies for controlling the transfer of organisms--biocides, filtration, heat treatment, and others --with a view toward developing the most promising methods for shipboard demonstration. Evaluates methods for monitoring the effectiveness of ballast water management in removing unwanted organisms. The book addresses the constraints inherent in ballast water management, notably shipboard ballast treatment and monitoring. Also, the committee outlines efforts to set an acceptable level of risk for species introduction using the techniques of risk analysis. Stemming the Tide will be important to all stakeholders in the issue of unwanted species introduction through ballast discharge: policymakers, port authorities, shippers, ship operators, suppliers to the maritime industry, marine biologists, marine engineers, and environmentalists.