scholarly journals Law, Politics, and Financial Development: The Great Reversal of the U.K. Corporate Debt Market

2013 ◽  
Vol 73 (3) ◽  
pp. 810-846 ◽  
Author(s):  
Christopher Coyle ◽  
John D. Turner
Keyword(s):  
Twentieth Century ◽  
Financial Development ◽  
Bond Market ◽  
Corporate Bond ◽  
Late Nineteenth Century ◽  
Corporate Bond Market ◽  
Debt Market ◽  
Late Nineteenth ◽  
Over Time

This article examines the role of creditor protection in the development of the U.K. corporate bond market. This market grew rapidly in the late nineteenth century, but in the twentieth century it experienced a reversal, albeit with a short-lived post-1945 renaissance. Such was the extent of the reversal that the market from the 1970s onwards was smaller than it had been in 1870. We find that law does not explain the variation in the size of this market over time. Alternatively, our evidence suggests that inflation and taxation policies were major drivers of this market in the post-1945 era.

Introduction

Veiled Power ◽  
2020 ◽  
pp. 1-14
Author(s):  
Doreen Lustig
Keyword(s):  
Nineteenth Century ◽  
Twentieth Century ◽  
Human Rights ◽  
International Law ◽  
Late Nineteenth Century ◽  
Private Business ◽  
Business Corporation ◽  
Conceptual Analogy ◽  
Late Nineteenth

Corporations have limited responsibilities in international law but enjoy far-reaching rights and privileges. International legal debates often conceive of this issue as a problem of business accountability for human rights violations. Conceptually, the issue of corporations in international law has focused on whether or not they are, or ought to be, recognized as ‘subjects’ of responsibility in international law and on the adequate conceptual analogy to the corporation. The introduction presents an alternative way of thinking about the role of international law and its relevance to the private business corporation. It traces the emergence of the contemporary legal architecture for corporations in international law and shows how modern international law constitutes a framework within which businesses and governments allocate resources and responsibilities—a framework that began to operate as early as the late-nineteenth century and continued throughout the twentieth century.

scholarly journals From Aristocratic to Ordinary: Shifting Modes of Elite Distinction

2020 ◽  
Vol 85 (2) ◽  
pp. 323-350 ◽  
Author(s):  
Sam Friedman ◽  
Aaron Reeves
Keyword(s):  
Nineteenth Century ◽  
Twentieth Century ◽  
Fine Arts ◽  
Cultural Practice ◽  
Late Nineteenth Century ◽  
Cultural Participation ◽  
Birth Cohorts ◽  
Elite Culture ◽  
Late Nineteenth ◽  
Over Time

How do elites signal their superior social position via the consumption of culture? We address this question by drawing on 120 years of “recreations” data ( N = 71,393) contained within Who’s Who, a unique catalogue of the British elite. Our results reveal three historical phases of elite cultural distinction: first, a mode of aristocratic practice forged around the leisure possibilities afforded by landed estates, which waned significantly in the late-nineteenth century; second, a highbrow mode dominated by the fine arts, which increased sharply in the early-twentieth century before gently receding in the most recent birth cohorts; and, third, a contemporary mode characterized by the blending of highbrow pursuits with everyday forms of cultural participation, such as spending time with family, friends, and pets. These shifts reveal changes not only in the contents of elite culture but also in the nature of elite distinction, in particular, (1) how the applicability of emulation and (mis)recognition theories has changed over time, and (2) the emergence of a contemporary mode that publicly emphasizes everyday cultural practice (to accentuate ordinariness, authenticity, and cultural connection) while retaining many tastes that continue to be (mis)recognized as legitimate.

scholarly journals Images of Time in the Romanian Folk Chronotope

2020 ◽  
Vol 38 ◽  
pp. 236-251
Author(s):  
Eleonora Sava ◽  
Keyword(s):  
Twentieth Century ◽  
Analytical Tool ◽  
Late Nineteenth Century ◽  
Peasant Communities ◽  
The Social ◽  
Romanian Folklore ◽  
Late Nineteenth ◽  
Traditional Norms ◽  
Tuesday Evening

This study proposes an analysis of the imagery of time in Romanian folklore, as it is outlined in a series of mythological narratives and beliefs recorded by ethnographers in the late nineteenth century and the first half of the twentieth century. The concept of chronotope is used as an analytical tool for understanding the imaginary universe of Romanian folklore. The analysed narratives encapsulate a set of ideas and representations regarding the social norms of the peasant communities in which the figures of weekly time – Saint Wednesday, Saint Friday, Marțolea (Tuesday-Evening), Joimărița (Thursday-Night), etc. – play a central role. Analysing these figures of time, the study reveals their function as guardians of compliance with traditional norms referring to conduct, work and food. The study also highlights the fact that chronotopes perform the role of cognitive schemes of the Romanian folklore imaginary.

Orchestras and musical intersections with regimental bands, blackface minstrel troupes, and jazz in India, 1830s–1940s

2018 ◽  
Author(s):  
Bradley Shope
Keyword(s):  
Nineteenth Century ◽  
Twentieth Century ◽  
Late Nineteenth Century ◽  
Dance Music ◽  
British Military ◽  
Blackface Minstrelsy ◽  
Ballroom Dance ◽  
Late Nineteenth ◽  
Challenges And Strategies

This chapter discusses blackface minstrel troupes, British regimental bands and jazz orchestras performing in India from the mid-nineteenth century to the mid-twentieth century. It details their challenges and strategies for success, and suggests that their capacity to facilitate cosmopolitan encounters in the wider world contributed to their popularity and value. It first introduces problems and practicalities in maintaining bands performing British military music in India in the mid- and late-nineteenth century. It then briefly introduces the character and scope of ballroom dance music and blackface minstrelsy in urban centres. To end, it examines the character of jazz orchestras between the 1920s and 1940s, detailing the role of the gramophone industry, entertainment venues such as hotel and cinema hall ballrooms, and the Allied military in Calcutta on their growth and profitability. In each example, it articulates thoughts on the role and usefulness of orchestras and notes issues confronting their musicians.

scholarly journals The Growing Importance of the Economic Role of the Corporate Bond Market

2021 ◽  
Vol 20 (4) ◽  
pp. 5-37
Author(s):  
Attila Bécsi ◽  
Gergely Bognár ◽  
Máté Lóga
Keyword(s):  
Negative Impact ◽  
Bank Lending ◽  
Bond Market ◽  
Bank Loans ◽  
Corporate Bond ◽  
Corporate Bond Market ◽  
Economic Role ◽  
Wide Range ◽  
Liability Structure

The role of corporate bonds has expanded globally in the past decade, as they are an ideal financial instrument both for diversifying the liability structure of issuing companies and managing investors’ portfolios. An adequately developed, liquid corporate bond market has a beneficial effect on the functioning and transparency of the market mechanisms of the economy and can also strengthen the crisis resilience of the financial system. Several studies have shown that – in addition to the normal functioning of companies – the issue of corporate financing is also important in crisis management, as uncertainty during a crisis has a negative impact on the liquidity of bank lending, limiting companies’ funding options. In such a situation, it is therefore vital that companies can also rely on other forms of financing. Recognising this in the aftermath of the 2008–2009 economic crisis, central banks in a number of countries launched bond purchase programmes in order to start supporting the expansion of the corporate bond market. Thanks to the Bond Funding for Growth Scheme (BFGS) of the Magyar Nemzeti Bank (the Central Bank of Hungary, MNB), the Hungarian corporate bond market now offers a realistic financing alternative to bank loans for a wide range of companies.

Reconfiguring Quotation over Time and the System-Internal Rise of BE like

2020 ◽  
pp. 73-101
Author(s):  
Alexandra D’Arcy
Keyword(s):  
Large Scale ◽  
Late Nineteenth Century ◽  
Evolutionary Pathway ◽  
Parallel Data ◽  
Large Scale Change ◽  
Late Nineteenth ◽  
Direct Quotation ◽  
Over Time

Recent work on first person dialogue in conversation (“direct quotation”) assumes that quotation is undergoing rapid and large-scale change as a consequence of the emergence of BE like. In this chapter I merge archival and contemporary materials to explore the parameters of change across two longitudinal speech collections. My concern is the role of grammatical constraints on quotation, alongside evolution of the functional, pragmatic, and lexical repertoires. Drawing on parallel data from two varieties of English, I present a comparative variationist analysis of direct quotation, spanning the late nineteenth century to the present. Analysis reveals a longitudinal and multifaceted trajectory of change, resulting in a highly constrained variable grammar in which contextual factors can be seen to evolve and specialise. There is no evidence that recent changes are the result of new quotatives; rather, the system-internal evolutionary pathway that set the scene for BE like is laid bare.

A New Pablik: Abdul Halim Sharar, volunteerism, and the Anjuman-e Dar-us-Salam in late nineteenth-century India

2015 ◽  
Vol 49 (4) ◽  
pp. 1049-1090 ◽  
Author(s):  
C. RYAN PERKINS
Keyword(s):  
Nineteenth Century ◽  
Twentieth Century ◽  
Effective Mass ◽  
Voluntary Association ◽  
Late Nineteenth Century ◽  
Mass Mobilization ◽  
Muslim Identity ◽  
The World ◽  
Late Nineteenth

AbstractIn the second half of the nineteenth century an increasing number of Indians entered the world of volunteerism and public activism. One such individual was the prolific Urdu writer Abdul Halim Sharar (1860–1926), who served as the secretary for a short-lived voluntary association, the Anjuman-e Dar-us-Salam, during the late 1880s in Lucknow, India. Using readers’ letters as printed in Sharar's widely circulating monthly periodical, Dil Gudāz, this article seeks to understand the reasons behind the increasing role of volunteerism as part and parcel of a modern sharīf Muslim identity in the post-1857 period. Having adopted the role of a community activist, Sharar began using his periodical, soon after its inception, to mobilize and recruit his readers to participate in what he described as a passionate movement sweeping through the ‘Islami pablik’. Both rhetorical and descriptive, such an idea provided hope for a divided and struggling community to overcome the divisions that were central to their many challenges in a post-1857 world. Through the study of the vicissitudes and challenges faced by Sharar and his fellow activists, this article underscores the ways in which public activism and volunteerism simultaneously represented the possibility for Muslims to use their own resources to bring about real social and political change, and also reminded them of their shortcomings and the limits of an informal activism. This article seeks to show that ultimately, even such ‘failed’ and ephemeral attempts were foundational for more effective mass mobilization efforts in the following decades and into the twentieth century.

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