Finance and Investment: The European Case

2018 ◽  
Keyword(s):  
Sovereign Debt ◽  
Large Body ◽  
Policy Research ◽  
Financial System ◽  
Research Programme ◽  
Policy Formulation ◽  
Contributory Factor ◽  
Data Sets ◽  
Equity Financing ◽  
Body Of Knowledge

This book is the product of a two-year research programme entitled Restarting European Long-Term Investment Finance (RELTIF), organized by Assonime and the Centre for Economic Policy Research (CEPR) in London. The programme brought together leading researchers from across the world to consider the causes of the persistently low level of investment in Europe, to examine the extent to which the financial system was a contributory factor and to identify possible policy remedies for it. It considered the relation of finance to corporate sector investment, the lending behaviour of banks, the provision of equity financing, the role of public sector institutions, regulation, and taxation. The chapters in this volume provide one of the most comprehensive and thorough analyses of any financial system that has been undertaken to date. They reflect a large body of research using new and existing data sets, employing advanced empirical tools, and exploiting the unique insights provided by the tumultuous events of the financial and sovereign debt crises. Together they comprise an exceptional body of knowledge to advance academic thinking and guide policy formulation in the future.

An Introduction to Finance and Investment

2018 ◽  
Author(s):  
Colin Mayer ◽  
Stefano Micossi ◽  
Marco Onado ◽  
Marco Pagano ◽  
Andrea Polo
Keyword(s):  
Sovereign Debt ◽  
Large Body ◽  
Financial System ◽  
Policy Formulation ◽  
Data Sets ◽  
Body Of Knowledge ◽  
The Future ◽  
Debt Crises ◽  
European Economies ◽  
Existing Data

This chapter reviews the problems of finance and investment confronting European economies and summarizes the approaches that can be adopted to address them. The chapters in this volume provide one of the most comprehensive and thorough analyses of any financial system that has been undertaken to date. They reflect a large body of research using new and existing data sets, employing advanced empirical tools, and exploiting the unique insights provided by the tumultuous events of the financial and sovereign debt crises. Together they therefore comprise an exceptional body of knowledge to guide policy formulation in the future.

Islamic Banking and Finance in Theory and Practice

2005 ◽  
Vol 22 (2) ◽  
pp. 69-86 ◽  
Author(s):  
Abdus Samad ◽  
Norman D. Gardner ◽  
Bradley J. Cook
Keyword(s):  
Financial System ◽  
Primary Objective ◽  
Theory And Practice ◽  
Islamic Banking ◽  
Relative Importance ◽  
Islamic Banks ◽  
Equity Financing ◽  
Banking And Finance ◽  
Financial Products ◽  
Islamic Bank

This paper’s primary objective is to identify the relative importance of various Islamic financial products, in theory and in practice, by examining the financing records of the Bank Islam Malaysia (Berhad) and the Bahrain Islamic Bank. Currently, seven available Islamic financing products are considered viable alternatives to interest-based conventional contracts: mudarabah (trust financing), musharakah (equity financing), ijarah (lease financing), murabahah (trade financing), qard al-hassan (welfare loan), bay` bi al-thaman al-ajil (deferred payment financing), and istisna` (progressive payments). Among these financial products, mudarabah and musharakah are the most distinct. Their unique characteristics (at least in theory) make Islamic banks and Islamic financing viable alternatives to the conventional interest-based financial system. The question before us is to determine the extent of mudarabah and musharakah in Islamic financing in practice. The data are as follows: the average mudarabah is 5% of total financing, and the average musharakah is less than 3%. The combined average of mudarabah and musharakah for the two Islamic banks is less than 4% of the total finance and advances. The average qard al- hassan is about 4%, while istisna` does not yet exist in practice. Murabahah is the most popular and dominates all other modes of Islamic financing. The average use of murabahah is over 54%. When the bay` bi al-thaman al-ajil is added to the murabahah, the percentage of total financing is shown to be 2.68%. This paper also explores some possible reasons why these two Islamic banks appear to prefer murabahah to mudarabah and musharakah.

Critical Analysis of the Zero Risk Weight Privilege for European Sovereign Debt in Light of Art. 124 TFEU

2020 ◽  
Vol 17 (1) ◽  
Author(s):  
Patrick Hauser
Keyword(s):  
Financial Institutions ◽  
Sovereign Debt ◽  
Banking System ◽  
Financial System ◽  
Significant Risk ◽  
Capital Adequacy ◽  
Individual Member ◽  
Member States ◽  
The Individual ◽  
Credit Institutions

AbstractThe zero risk weight privilege for European sovereign debt in the current capital adequacy requirements for credit institutions incentivises credit institutions to acquire and hold sovereign debt. However, it also poses a significant risk to the stability of the banking system and thus the financial system as a whole. It is argued that this privilege should not only be abolished due to the risk it entails but that it is also non conformant with EU primary law. Art. 124 TFEU prohibits privileged access of the EU and Member States' public sector to financial institutions except for prudential considerations. The protective purpose of Art. 124 TFEU to ensure sound budgetary policies by subjecting public borrowing to the same rules as borrowing by other market participants is thwarted by the uniform zero risk weight privilege. Further, as this privilege does not take into account the varying creditworthiness of the individual Member States it does not promote the soundness of financial institutions so as to strengthen the soundness of the financial system as whole, but rather endangers systemic stability. The zero risk weight privilege is therefore not based on prudential considerations and hence violates Art. 124 TFEU.

Using the Health and Retirement Study for Disability Policy Research: A Review

2017 ◽  
Vol 20 (2) ◽  
Author(s):  
Jody Schimmel Hyde ◽  
David C. Stapleton
Keyword(s):  
Data Collection ◽  
Policy Research ◽  
The Body ◽  
Disability Policy ◽  
Health And Retirement Study ◽  
Research Experience ◽  
Large Share ◽  
Body Of Knowledge ◽  
Data Source ◽  
Retirement Study

Abstract The Health and Retirement Study (HRS) is a preeminent data source for research related to the experiences of workers nearing retirement, including the large share of those workers who experience a health shock or disability onset after age 50. In this article, we highlight key information collected from HRS respondents that benefits disability policy research and the body of knowledge that has resulted from this information. Our main goal is to identify from this research experience potential improvements in data collection and documentation that would further strengthen the HRS as a data source for disability policy researchers.

scholarly journals Introducing the Care Certificate Evaluation: Innovative practice

Dementia ◽  
2017 ◽  
Vol 19 (2) ◽  
pp. 512-517
Author(s):  
Elaine Argyle ◽  
Louise Thomson ◽  
Antony Arthur ◽  
Jill Maben ◽  
Justine Schneider ◽  
...  
Keyword(s):  
Staff Development ◽  
Social Care ◽  
Policy Research ◽  
Research Programme ◽  
Direct Care ◽  
Care Staff ◽  
Care Provision ◽  
Front Line ◽  
Department Of Health ◽  
Health And Social Care

Although investment in staff development is a prerequisite for high-quality and innovative care, the training needs of front line care staff involved in direct care have often been neglected, particularly within dementia care provision. The Care Certificate, which was fully launched in England in April 2015, has aimed to redress this neglect by providing a consistent and transferable approach to the training of the front line health and social care workforce. This article describes the early stages of an 18-month evaluation of the Care Certificate and its implementation funded by the Department of Health Policy Research Programme.

The case for NLP-enhanced database tuning

2021 ◽  
Vol 14 (7) ◽  
pp. 1159-1165
Author(s):  
Immanuel Trummer
Keyword(s):  
Natural Language ◽  
Language Processing ◽  
Large Body ◽  
Prototype System ◽  
Web Documents ◽  
Natural Language Text ◽  
Body Of Knowledge ◽  
Challenges And Opportunities ◽  
Automated Tuning ◽  
Database Tuning

A large body of knowledge on database tuning is available in the form of natural language text. We propose to leverage natural language processing (NLP) to make that knowledge accessible to automated tuning tools. We describe multiple avenues to exploit NLP for database tuning, and outline associated challenges and opportunities. As a proof of concept, we describe a simple prototype system that exploits recent NLP advances to mine tuning hints from Web documents. We show that mined tuning hints improve performance of MySQL and Postgres on TPC-H, compared to the default configuration.

The contribution of epidemiology to psychiatric aetiology

2012 ◽  
pp. 280-290
Author(s):  
Scott Henderson
Keyword(s):  
Psychiatric Disorders ◽  
Genetic Information ◽  
Large Body ◽  
Environmental Exposures ◽  
Human Populations ◽  
Body Of Knowledge

The epidemiology of psychiatric disorders has shown the extent to which these are present in all human populations. It has also provided a large body of knowledge about aetiology. Now that biological including genetic information can be added to data on environmental exposures, opportunities for further advancement carry much promise.

Understanding Project Data

2008 ◽  
pp. 303-374
Author(s):  
Emilia Mendes
Keyword(s):  
Large Body ◽  
Statistical Techniques ◽  
Effort Estimation ◽  
Estimation Techniques ◽  
Body Of Knowledge ◽  
Project Data ◽  
Estimation Models

The objective of this chapter is to provide an introduction to statistical techniques and concepts that are frequently used when dealing with data for effort estimation. The concepts presented here are in no way exhaustive since statistics comprises a very large body of knowledge where entire books are devoted to specific topics. The parts that are the focus of this chapter are those that are necessary to use when building effort estimation models, and also when comparing different effort estimation techniques.

The Object-Oriented Design Knowledge

2011 ◽  
pp. 1-7
Author(s):  
Javier Garzas ◽  
Mario Piattini
Keyword(s):  
Software Engineering ◽  
Best Practices ◽  
Design Patterns ◽  
Architectural Design ◽  
Large Body ◽  
Object Oriented ◽  
Design Knowledge ◽  
Object Oriented Design ◽  
Body Of Knowledge

In order to establish itself as a branch of engineering, a profession must understand its accumulated knowledge. In this regard, software engineering has advanced greatly in recent years, but it still suffers from the lack of a structured classification of its knowledge. In this sense, in the field of object-oriented micro-architectural design designers have accumulated a large body of knowledge and it is still have not organized or unified. Therefore, items such as design patterns are the most popular example of accumulated knowledge, but other elements of knowledge exist such as principles, heuristics, best practices, bad smells, refactorings, and so on, which are not clearly differentiated; indeed, many are synonymous and others are just vague concepts.

scholarly journals Synthesizing knowledge of the Claybelt to promote sustainable forest management

2002 ◽  
Vol 78 (5) ◽  
pp. 665-671 ◽  
Author(s):  
P Lefort ◽  
B Harvey ◽  
J Parton ◽  
G KM Smith
Keyword(s):  
Forest Management ◽  
Biological Diversity ◽  
Sustainable Forest Management ◽  
Scientific Literature ◽  
Large Body ◽  
Natural Disturbance ◽  
Engineering Research ◽  
Forestry Practices ◽  
Body Of Knowledge ◽  
Forest Practices

A review of the scientific literature relevant to the Claybelt region was undertaken under the initiative of Lake Abitibi Model Forest (LAMF) and in collaboration with the Canadian Forest Service, the Ontario and Quebec Ministries of Natural Resources and the NSERC-UQAT-UQAM (Natural Sciences and Engineering Research Council – Université du Québec en Abitibi-Témiscamingue – Université du Québec à Montréal) Industrial Chair in Sustainable forest Management. The objective was to synthesize this information in order to develop better forestry practices and identify knowledge and research gaps. Forestry-related knowledge was gathered on six broad topics: i) natural disturbances, ii) forest ecosystems, iii) past and present forest practices, iv) biological diversity, v) forest management and vi) examples of current applications of natural disturbance-based forest management. The work allowed us to synthesize a large body of knowledge into one publication that will be a useful reference for foresters in both provinces. Key words: biodiversity, Claybelt, even-aged/uneven-aged forests, fire, silvicultural practices

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