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.

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.

Implications of the Genographic Project for Molecular Anthropologists

2009 ◽  
Vol 16 (2) ◽  
pp. 193-194 ◽  
Author(s):  
Ripan Malhi
Keyword(s):  
Native American ◽  
Important Implication ◽  
Field Component ◽  
Genetic Ancestry ◽  
Data Sets ◽  
Molecular Anthropology ◽  
Alternative Approach ◽  
The Future ◽  
Existing Data

Many molecular anthropologists no longer incorporate a field component into their research; rather, they rely on analyzing existing data sets and/or on collaborating with field researchers to obtain samples for analysis. This trend in molecular anthropology, combined with the aggressive agenda of the Genographic Project, has an important implication for the future of the discipline. If Native American communities are exposed to genetic ancestry research largely through the Genographic Project, they are less likely to see that there are multiple ways for Native American communities to interact with genetic researchers. Molecular anthropologists are in a position to offer an alternative approach to research by pursuing enduring and mutually beneficial collaborative projects with Native American communities.

scholarly journals Ideological Control in Public and Business Organizations

2017 ◽  
Vol 12 (2) ◽  
pp. 17-30
Author(s):  
Roman Andrzej Lewandowski
Keyword(s):  
Large Body ◽  
Self Control ◽  
Control Mechanisms ◽  
Business Organizations ◽  
Management Research ◽  
Fundamental Function ◽  
Body Of Knowledge ◽  
Effective Form ◽  
The Future ◽  
And Control

Control is the fundamental function of management, but companies due to the increasingly turbulent environment and public organizations because of purposes ambiguity have to seek mare flexible forms of control aimed at self-control. Thus, both sanctions and rewards associated with the control system must be less associated with factors that are external to the organizational mem ber and mare with interna! stimuli associated with the inner satisfaction and a sense of fulńllment. Such an option seems to offer ideological control. The paper is an analysis of ideology as an effective form of control in organizations. Therefore, the fundamental issues of the regarded ideology and control mechanisms related to it have been discussed. The direct appeal to ideology, as a fundamental element of normative control, offers the opportunity to exploit a large body of knowledge from sociology and political science in the service of organizations and management research. ldeological control as an organizational process consists of several stages. In the first stage, employees' individual ideologies relating to the organization are modińed or replaced by the ideology preferred by the organization. Replacement or modińcation of the ideology usually is rendered by showing the way of transformation from the current criticized reality to the desired vision of the future determined by the new ideology. lf members of the organization accept the criticism of the present reality and are attracted by the vision of the future determined by the ideology, they will act in accordance to this ideology. ldeology determines which actions are beneńcial to the organization, and which are harmful. Therefore, an organisational actor, whose actions are consistent with the ideology, would obtain rewards, and those whose actions are illegitimate would suffer from sanctions.

Macroprudential Policy Instruments of Central Banks

2012 ◽  
pp. 32-47
Author(s):  
S. Andryushin ◽  
V. Kuznetsova
Keyword(s):  
Systemic Risk ◽  
Financial Stability ◽  
Financial System ◽  
Policy Instruments ◽  
Central Banks ◽  
Macroprudential Policy ◽  
Policy Studies ◽  
The Future ◽  
Financial Cycles

The paper analyzes central banks macroprudencial policy and its instruments. The issues of their classification, option, design and adjustment are connected with financial stability of overall financial system and its specific institutions. The macroprudencial instruments effectiveness is evaluated from the two points: how they mitigate temporal and intersectoral systemic risk development (market, credit, and operational). The future macroprudentional policy studies directions are noted to identify the instruments, which can be used to limit the financial systemdevelopment procyclicality, mitigate the credit and financial cycles volatility.

European Economies Stability Faced With Potential Outburst of Sovereign Debt Crisis. An Empirical Study Using Neural Network

2013 ◽  
Vol 12 (2) ◽  
pp. 3255-3260
Author(s):  
Stelian Stancu ◽  
Alexandra Maria Constantin
Keyword(s):  
Neural Network ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
Banking System ◽  
Sovereign Debt Crisis ◽  
European Level ◽  
Continuous Growth ◽  
Economic Context ◽  
European Economies ◽  
The Impact

Instilment, on a European level, of a state incompatible with the state of stability on a macroeconomic level and in the financial-banking system lead to continuous growth of vulnerability of European economies, situated at the verge of an outburst of sovereign debt crises. In this context, the current papers main objective is to produce a study regarding the vulnerability of European economies faced with potential outburst of sovereign debt crisis, which implies quantitative analysis of the impact of sovereign debt on the sensitivity of the European Unions economies. The paper also entails the following specific objectives: completing an introduction in the current European economic context, conceptualization of the notion of “sovereign debt crisis, presenting the methodology and obtained empirical results, as well as exposition of the conclusions.

scholarly journals mtDNAcombine: tools to combine sequences from multiple studies

2021 ◽  
Vol 22 (1) ◽  
Author(s):  
Eleanor F. Miller ◽  
Andrea Manica
Keyword(s):  
Sequence Data ◽  
Data Extraction ◽  
Bayesian Skyline Plot ◽  
Model Organisms ◽  
Data Sets ◽  
Data Handling ◽  
Online Database ◽  
Genetic Studies ◽  
Wide Range ◽  
Existing Data

Abstract Background Today an unprecedented amount of genetic sequence data is stored in publicly available repositories. For decades now, mitochondrial DNA (mtDNA) has been the workhorse of genetic studies, and as a result, there is a large volume of mtDNA data available in these repositories for a wide range of species. Indeed, whilst whole genome sequencing is an exciting prospect for the future, for most non-model organisms’ classical markers such as mtDNA remain widely used. By compiling existing data from multiple original studies, it is possible to build powerful new datasets capable of exploring many questions in ecology, evolution and conservation biology. One key question that these data can help inform is what happened in a species’ demographic past. However, compiling data in this manner is not trivial, there are many complexities associated with data extraction, data quality and data handling. Results Here we present the mtDNAcombine package, a collection of tools developed to manage some of the major decisions associated with handling multi-study sequence data with a particular focus on preparing sequence data for Bayesian skyline plot demographic reconstructions. Conclusions There is now more genetic information available than ever before and large meta-data sets offer great opportunities to explore new and exciting avenues of research. However, compiling multi-study datasets still remains a technically challenging prospect. The mtDNAcombine package provides a pipeline to streamline the process of downloading, curating, and analysing sequence data, guiding the process of compiling data sets from the online database GenBank.

scholarly journals Taking Implementation Seriously in the Evaluation of Urban Growth Management Strategies: “Safeguarding the Future” of the Antwerp City-Region

Land ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 159
Author(s):  
Clemens de Olde ◽  
Stijn Oosterlynck
Keyword(s):  
Urban Growth ◽  
Urban Areas ◽  
Growth Management ◽  
Management Strategies ◽  
Housing Prices ◽  
Policy Formulation ◽  
Land Values ◽  
Implementation Phase ◽  
The Future ◽  
Urban Growth Management

Contemporary evaluations of urban growth management (UGM) strategies often take the shape of quantitative measurements of land values and housing prices. In this paper, we argue that it is of key importance that these evaluations also analyse the policy formulation and implementation phases of growth management strategies. It is in these phases that the institutions and discourses are (trans)formed in which UGM strategies are embedded. This will enable us to better understand the conditions for growth management policies’ success or failure. We illustrate this point empirically with the case of demarcating urban areas in the region of Flanders, Belgium. Using the Policy Arrangement Approach, the institutional dynamics and discursive meanings in this growth instrument’s formulation and implementation phase are unravelled. More specifically, we explain how the Flemish strategic spatial planning vision of restraining sprawl was transformed into one of accommodating growth in the demarcation of the Antwerp Metropolitan Area, epitomised by two different meanings of the phrase “safeguarding the future.” In conclusion, we argue that, in Antwerp, the demarcation never solidified into a stable policy arrangement, rendering it largely ineffective. We end by formulating three recommendations to contribute to future attempts at managing urban growth in Flanders.

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.

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