Ireland

2017 ◽  
Author(s):  
Gabriel Moss QC ◽  
Bob Wessels ◽  
Matthias Haentjens
Keyword(s):  
Business Models ◽  
Banking Crisis ◽  
Insurance Market ◽  
Economic Recovery ◽  
Gdp Growth ◽  
Consumer Spending ◽  
Balance Sheets ◽  
Retail Banks ◽  
Made In ◽  
Credit Institutions

The Irish Banking Crisis (2008–2012) led to a dramatic restructuring of the credit institutions, including the nationalization of two out of three of the domestic retail banks and the injection of significant capital into all three. Progress continues to be made in strengthening the balance sheets of the banks against a background of continued economic recovery reflected in GDP growth of 4.8 per cent in 2015, increases in exports and employment, and improvements in investor and consumer spending. Focus has shifted now to the oversight of the resolution of the large number of non-performing loans, the strengthening of the banks’ business models, and managing the consequences to the Irish economy of Brexit. Ireland has five ‘significant institutions’ (Bank of Ireland, AIB plc, Ulster Bank Ireland DAC, Citibank Holdings Ireland Ltd, and Permanent TSB Group Holdings plc) and thirteen ‘less significant’ institutions. The Irish insurance market is well developed and diverse with the majority of the insurers being subsidiaries of large international insurance parents. At the time of writing, there are approximately fifty-eight insurance undertakings with Irish consumers operating in Ireland.

scholarly journals Breaking the Bank? A Probabilistic Assessment of Euro Area Bank Profitability

2019 ◽  
Vol 2019 (254) ◽  
Author(s):  
Selim Elekdag ◽  
Sheheryar Malik ◽  
Srobona Mitra
Keyword(s):  
Euro Area ◽  
Cost Efficiency ◽  
Business Models ◽  
Economic Recovery ◽  
Gdp Growth ◽  
Conditional Distributions ◽  
Bank Profitability ◽  
Real Gdp ◽  
Promising Strategy ◽  
Novel Approach

This paper explores the determinants of profitability across large euro area banks using a novel approach based on conditional profitability distributions. Real GDP growth and the NPL ratio are shown to be the most reliable determinants of bank profitability. However, the estimated conditional distributions reveal that, while higher growth would raise profits on average, a large swath of banks would most likely continue to struggle even amid a strong economic recovery. Therefore, for some banks, a determined reduction in NPLs combined with cost efficiency improvements and customized changes to their business models appears to be the most promising strategy for durably raising profitability.

Russian Banking System under Conditions of Global Crisis

2009 ◽  
pp. 4-14 ◽  
Author(s):  
G. Gref ◽  
K. Yudaeva
Keyword(s):  
Banking System ◽  
Commodity Prices ◽  
Financial Sector ◽  
Banking Crises ◽  
Economic Recovery ◽  
Balance Sheets ◽  
Current Economic Crisis ◽  
Risk Appetite ◽  
The Us ◽  
The Face

Problems in the financial sector were at the core of the current economic crisis. Therefore, economic recovery will only become sustainable after taking care of the major weaknesses in the financial sector. This conclusion is relevant both for the US and UK - the two countries where crisis has started, and for other economies which financial institutions turned out to be fragile in the face of the swings in the risk appetite. Russia is one of the countries where the crisis has revealed serious deficiency in the financial sector. Our study of 11 banking crises during the last 25-30 years shows that sustainable economic recovery and decrease in the dependence on commodity prices will be virtually impossible without cleaning of balance sheets and capitalization of the financial sector.

Lessons learned in intellectual capital management in Germany between 2000 and 2020 – History, applications, outlook

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Manfred Bornemann ◽  
Kay Alwert ◽  
Markus Will
Keyword(s):  
Development Strategy ◽  
Intellectual Capital ◽  
Business Models ◽  
Business Processes ◽  
Lessons Learned ◽  
Strategy Development ◽  
Management Approach ◽  
Content Type ◽  
Over Time ◽  
Made In

PurposeThis article reports on the background, the conceptual ideas and the lessons learned from over more than 20 years of IC Statements and Management with a country focus on Germany and some international developments. It calls for an integrated management approach for IC and offers case study evidence on how to accomplish this quest.Design/methodology/approachReport on the German initiative “Intellectual Capital Statement made in Germany” (ICS m.i.G.). A brief review of the literature describes the background and theoretical foundation of the German IC method. A short description of the method is followed by four detailed case studies to illustrate long-term impact of IC management in very different organizations. A discussion of Lessons Learned from more than 200 implementations and an outlook on current and future developments finalizes the article.FindingsIC Statements made in Germany (ICS m.i.G.) was successful in providing a framework to systematically identify IC, evaluate the status quo of IC relative to the strategic requirements, visualize interdependencies of IC, business processes and business results as well as to connect IC reporting with internal management routines and external communication. However, ICS is not an insulated method but delivers the maximum benefit when integrated with strategy development, strategy implementation, business process optimization accompanied by change management routines. Strong ties to human resource management, information technology departments, quality management, research and development teams as well as business operations as the core of an organization help to yield the most for ICS m.i.G. Over time, the focus of managing IC changes and maturity leads to deutero learning.Practical implicationsICS m.i.G. proved easy to apply, cost efficient for SMEs, larger corporations and networks. It helps to better accomplish their objectives and to adjust their business models. The guidelines in German and English as well as a software application released were downloaded more than 100,000 times. A certification process based on a three-tier training module is available and was successfully completed by more than 400 practitioners. ICS m.i.G. is supporting current standards of knowledge management, such as ISO 9001, ISO 30401 or DIN SPEC PAS 91443 and therefore will most likely have a continuing impact on knowledge-based value creation.Originality/valueThis paper reports lessons learned from the country-wide IC initiative in Germany over the last 20 years initiated and supported by the authors. Several elements of the method have been published over time, but so far no comprehensive view on Lessons Learned had been published.

Large US household balance sheets pose macro risks

2021 ◽  
Keyword(s):  
Interest Rates ◽  
Health Costs ◽  
Gdp Growth ◽  
Lower Growth ◽  
Content Type ◽  
Balance Sheets ◽  
Trade Growth ◽  
Productivity Gains ◽  
Macroeconomic Risks

Significance An examination of the factors behind the expansion indicates that outsized balance sheets will persist and will pose a number of macroeconomic risks. Impacts Slower workforce growth will pressure GDP growth, trade growth and long-term interest rates, unless productivity gains can offset this. A record number of US business deaths and births in 2020 will affect productivity and have unpredictable impacts on the economy. Lower growth makes it harder to stabilise debt-to-GDP ratios, just as pension and health costs rise as populations age in major economies.

Doug Cook: Acquiring a Business (C)

2017 ◽  
pp. 1-2
Author(s):  
Steven Rogers ◽  
Scott T. Whitaker
Keyword(s):  
Financial Analysis ◽  
Career Decisions ◽  
Financial Statement ◽  
Window Of Opportunity ◽  
Balance Sheets ◽  
Corporate World ◽  
Successful Business ◽  
Pro Forma ◽  
Financial Analyses ◽  
Made In

Doug Cook, an MBA graduate, was wrestling with one of the most important career decisions of his life: Which one of three seemingly promising businesses should he acquire? Each acquisition was a viable opportunity, and each had potential to be a successful business. Cook, however, had heard numerous disconcerting stories about other entrepreneurs going through this process. He realized that until this time the biggest purchase he had made in his life was a $250,000 condominium in downtown Chicago. Acquiring one of these companies would require a financial and personal commitment greater than anything he had ever attempted. He felt a window of opportunity was closing. If he did not act now, he might find himself in the corporate world forever. Cook began by writing up a personal criteria list for his acquisition, then researching online and media sources for businesses for sale. Frustrated with that process, he hired a business broker. With the broker's help, Cook found three promising candidates from which to choose: Luxury Tassels, Inc.; Feldco Windows and Doors, Inc.; and Coyote Consulting Company. The (A) case includes income statements, pro forma forecasts, balance sheets, and organization charts for each company, in addition to Cook's financial analyses and valuation of each company. The (B) case features the letter of intent that Cook gave the owner of the company he selected. Ultimately he did purchase the company, and in the (C) case, Cook examines pathways to growing his newly acquired company.How to be entrepreneurial through acquiring a business The importance of establishing their own decision criteria regarding the type of company they would like to acquire How to research businesses for sale The issues in working with a business broker How to analyze financial statement in the context of buying the company How to make decisions and use financial analysis to support their decisions

The Effects of IMF Loan Condition Compliance on GDP Growth

2019 ◽  
Vol 65 (1) ◽  
pp. 88-96
Author(s):  
Lauren Hackler ◽  
Frank Hefner ◽  
Mark D. Witte
Keyword(s):  
Economic Recovery ◽  
Gdp Growth ◽  
Monetary System ◽  
Real Gdp ◽  
Gdp Growth Rate ◽  
Loan Program ◽  
Using Data ◽  
The International Monetary Fund ◽  
Jel Classifications ◽  
The Imf

Since beginning operations in 1947, the International Monetary Fund (IMF) has evolved from its original purpose of overseeing the world’s monetary system to becoming a loan administrator for member nations facing extreme economic crises. Today, the IMF provides conditional lending programs to catalyze economic recovery and growth in recipient countries. Critics of these programs cite various reasons for conditional loan program failures, naming the borrowing countries, creditor countries, and/or the IMF itself as responsible. Using data from 8,377 loan conditions associated with 93 countries’ IMF loan arrangements from 2000 to 2014, this article studies the effects of complying with individual conditions on the borrowing countries’ real gross domestic product (GDP) growth rate. Our results suggest that real GDP growth rates are directly affected by meeting the compliance standards of select loan conditions. JEL Classifications: 019, F35

scholarly journals Reconversion of Flat Buildings Administration: New Romanian Business Opportunities

2013 ◽  
Vol 8-9 ◽  
pp. 621-630
Author(s):  
Nagy Zsolt ◽  
Ludovic Fülöp ◽  
Talja Asko
Keyword(s):  
Business Models ◽  
Private Property ◽  
Life Quality ◽  
Point Of View ◽  
Negative Effects ◽  
Centralized Management ◽  
Tremendous Progress ◽  
Business Opportunities ◽  
New Business ◽  
Made In

In Romania, after the changes in 1989, most flats in existing buildings were sold to the occupants. This was a sort of getting back for those people who lost their private property, but another reason of this decision was the missing centralized management capacity of the administration. Looking back now and analyzing from the point of view of how property was redefined at that time, we can say with no doubts: it was made in a wrong way, and as time passes this will become a disaster. Tremendous progress was made in the last twenty years in any areas of life, but the existing stock of flat buildings still regresses from all points of view. The pushed administration model for new flat buildings also produces similar negative effects. The reason can be found on one hand in the way how private property division was done. On the other hand the so called owner administration model in most of the cases cannot work efficiently due to lack of knowledge, division, overemphasizing individual interest etc. This paper makes an up to date analysis of present Romanian situation and define new business opportunities, supplying business models for existing and new flat building administration. Applying a reconversion process, positive economical effects and improvement of the comfort and life quality of the owners of such kind of private properties could be achieved.

THE 2008 CAMPAIGN AND THE FORECASTS DERAILED

2009 ◽  
Vol 42 (01) ◽  
pp. 19-20 ◽  
Author(s):  
James E. Campbell
Keyword(s):  
Growth Rate ◽  
Economic Analysis ◽  
Barack Obama ◽  
Forecasting Model ◽  
Gdp Growth ◽  
John Mccain ◽  
Gdp Growth Rate ◽  
Made In

The October 2008 issue ofPSpublished a symposium of presidential and congressional forecasts made in the summer leading up to the election. This article is an assessment of the accuracy of their models.On September 8, 2008, the Trial-heat Forecasting Model predicted that in-party candidate Senator John McCain would receive 52.7% of the national two-party popular presidential vote. The forecast of a victory of modest proportions for Senator McCain reflected his having a five-percentage-point lead over Senator Barack Obama in Gallup's early September, post-convention poll (49% to 44%) and the Bureau of Economic Analysis' August report of a 3.3% GDP growth rate in the second quarter of the year, about average for a second quarter election year economy.

Prospects for Individual Economies

2010 ◽  
Vol 214 ◽  
pp. F14-F22
Keyword(s):  
Housing Market ◽  
Current Account ◽  
Domestic Demand ◽  
Economic Recovery ◽  
Current Account Balance ◽  
Gdp Growth ◽  
Forecast Horizon ◽  
Negative Contribution ◽  
The Us ◽  
Current Account Imbalances

The pace of economic recovery in the US eased in the second quarter of 2010, with quarter-on-quarter GDP growth moderating from 0.9 per cent in the first quarter of the year to 0.4 per cent. The source of the slowdown stemmed from a negative contribution to growth from net trade, as import volumes rose by 7.5 per cent on the back of a sharp acceleration in domestic demand. This allowed the US current account balance to widen to 3.4 per cent of GDP. Our forecast sees the current account balance hovering between 2½–3½ per cent of GDP over the forecast horizon, well below the 6½ per cent of GDP deficits seen at the height of the housing market bubble in 2005–6. NIESR's index of global imbalances, illustrated in appendix chart B3, clearly shows that global current account imbalances have receded from the unsustainable levels reached in 2007.

Ageing workforce will dampen South Korea’s GDP outlook

2017 ◽  
Keyword(s):  
South Korea ◽  
Free Trade ◽  
Gdp Growth ◽  
Consumer Spending ◽  
Us South ◽  
Content Type ◽  
Ageing Workforce ◽  
Pull Out ◽  
The Us ◽  
Net Export

Significance Year-on-year GDP growth was little changed at 2.7% in the first quarter after easing to 2.8% in 2015 and 2016 from an average of 3.7% in the five years to 2014. In 2016 consumer spending grew by less than 2.5%, machinery investment did not grow at all and net export volumes subtracted from growth. Impacts The US administration may threaten to pull out of the US-South Korea free-trade deal unless terms are renegotiated. Samsung in the first quarter of 2017 reported its best profits since 2013, but it will face an increasingly competitive market. Talk of reunification with North Korea as a solution to demographic pressures is fanciful.

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