Monetary tightening plans may backfire in Argentina

2018 ◽  
Keyword(s):  
Economic Recession ◽  
Adjustment Programme ◽  
Social Unrest ◽  
Content Type ◽  
Investor Confidence ◽  
Debt Default ◽  
Debt Repayment ◽  
The Imf

Subject Monetary tightening. Significance The Argentine government has announced a traditional fiscal and monetary adjustment programme, and an expanded stand-by agreement with the IMF, in a bid to restore investor confidence and remove fears of a new debt default. The government’s attempted gradual path to fiscal equilibrium exploded in April, as worsening global conditions closed the access to foreign finance. Impacts Any rise in investor confidence could be slow, given Argentina’s poor record of IMF compliance and debt repayment. Contractionary policies will deepen the economic recession, raising social unrest. If the recession is longer than expected, the centre-right coalition’s chances of re-election will suffer.

COVID-19 will severely damage Maldives tourism sector

2020 ◽  
Keyword(s):  
Energy Security ◽  
Public Health System ◽  
Economic Recession ◽  
Political Stability ◽  
Social Unrest ◽  
Content Type ◽  
The Public ◽  
Tourism Sector ◽  
Resource Poor ◽  
The Government

Subject Impact of COVID-19 on the Maldives tourism sector. Significance The Maldivian government last week stopped issuing arrival visas as it responds to the threat of the COVID-19 pandemic. The Maldives is resource-poor and reliant on foreign exchange generated through tourism for its food and energy security. Impacts The hit to the Maldivian economy will likely be further exacerbated by a global economic recession. A collapse of the public health system would threaten gains in political stability made over the last few years. The government will step up efforts to curb Islamist militant groups, who may try to capitalise on any political and social unrest.

Uganda energy moves pose risks for the president

2017 ◽  
Keyword(s):  
Political Economy ◽  
Oil Production ◽  
Recent Experience ◽  
Energy Infrastructure ◽  
Content Type ◽  
Investor Confidence ◽  
Energy Fund ◽  
The Impact ◽  
The Imf

Subject Political economy of energy in Uganda. Significance After 20 years of growth averaging 8% per annum, the Ugandan economy has begun to falter. In July, the IMF reported that 2016-17 growth had slowed to 3.9%. Both the IMF and Museveni agree that further investment in infrastructure -- especially energy infrastructure -- will help to alleviate the current pressures. However, recent experience suggests that such investments are not without risks. Impacts Controversies related to the Bujagali dam will raise concerns over the viability of other hydro-electric projects. The depletion of the national ‘Energy Fund’ will reduce the government’s ability to mitigate the impact of shocks in the sector. Reduced investor confidence will undermine Uganda’s attempts to kickstart oil production.

Prospects for Mexico in 2020

2019 ◽  
Keyword(s):  
Economic Growth ◽  
Violent Crime ◽  
The State ◽  
Security Strategy ◽  
Economic Management ◽  
Content Type ◽  
Investor Confidence ◽  
High Profile ◽  
The Imf

Subject Prospects for Mexico in 2020. Significance Following a series of high-profile incidences of violent crime, President Andres Manuel Lopez Obrador (AMLO) looks set to begin 2020 facing serious criticisms over his security strategy. Apparent moves towards more centralised economic management are putting the state in the driving seat, undermining investor confidence. The IMF forecasts economic growth of 1.3% for 2020, which will prove too optimistic if downside risks ultimately materialise.

scholarly journals The prevalence of ill-treatment and bullying at work in Ireland

2020 ◽  
Vol 13 (3) ◽  
pp. 245-264
Author(s):  
Victoria Hogan ◽  
Margaret Hodgins ◽  
Duncan Lewis ◽  
Sarah Maccurtain ◽  
Patricia Mannix-McNamara ◽  
...  
Keyword(s):  
Workplace Bullying ◽  
National Level ◽  
Economic Recession ◽  
Survey Study ◽  
National Study ◽  
Content Type ◽  
Level Data ◽  
Irish Data ◽  
Behaviour Study ◽  
National Probability Sample

PurposeThe purpose of this paper is to examine the prevalence of ill-treatment and bullying experienced by Irish workers and to explore individual and organisational predictors. The most recent national figures available are specific to bullying and predate the economic recession; therefore, this study is timely and investigates a broader range of negative behaviours.Design/methodology/approachA questionnaire survey study on a national probability sample of Irish employees was conducted (N = 1,764). The study design replicated the methodology employed in the British workplace behaviour study.FindingsThe results showed that 43% of Irish workers had experienced ill-treatment at work over the past two years, with 9% meeting the criteria for experiencing workplace bullying. A number of individual and organisational factors were found to be significantly associated with the experience of ill-treatment at work.Research limitations/implicationsThis study provides national-level data on workplace ill-treatment and bullying that are directly comparable to British study findings.Practical implicationsThe findings indicate that a significant number of Irish workers experience ill-treatment at work, and that workplace bullying does not appear to have decreased since the last national study was conducted in Ireland.Social implicationsThis study is of use to the Irish regulator and persons responsible for managing workplace bullying cases, as it identifies high-risk work situations and contributing individual factors.Originality/valueThis study provides national Irish data on workplace behaviour and ill-treatment following a severe economic recession.

Proposed Mexican financial legislation sparks concerns

2021 ◽  
Keyword(s):  
Central Bank ◽  
Commercial Banks ◽  
Legal Change ◽  
Content Type ◽  
Investor Confidence ◽  
Potential Impact

Significance The move, however, has proven controversial, generating a backlash over its potential impact on commercial banks and the central bank (Banxico), which sees it as a threat to its autonomy. The proposals come amid an unusual surge in remittances flowing into the country. Impacts Any legal change that is seen as affecting Banxico’s autonomy would damage investor confidence significantly. AMLO may stop legislation changes if they cause a depreciation of the peso. Mexico’s economy looks set to become far more reliant on remittance income than it has been in past years.

CEO vs. COO: shareholder perceptions of M&A announcements based on insider trades

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vinh Huy Nguyen ◽  
Carolina Gomez ◽  
Suchi Mishra ◽  
Ali M. Parhizgari
Keyword(s):  
Stock Price ◽  
Fixed Effects ◽  
Economic Recession ◽  
Chief Executive ◽  
Positive Influence ◽  
Past Performance ◽  
Industry Growth ◽  
Content Type ◽  
Chief Operating Officer ◽  
Regression Tests

PurposeWe examine how the net share purchases of top executives of acquiring firms, specifically the Chief Executive Officer (CEO) and the Chief Operating Officer (COO), can impact shareholder perceptions of a merger and acquisition (M&A) around the announcement time.Design/methodology/approachRegression tests using the post-announcement cumulative returns as the dependent variables, and CEO and COO net purchases as independent test controlling for the net purchases of all other insiders, COO and CEO ownership, exercised options, unexercised exercisable options, merger type, pre-announcement firm size, past performance, industry growth, industry instability, year and industry fixed effects. The regression tests are used for various sub-samples (i.e. non-contemporaneous events, duality, operational complexity, economic conditions).FindingsWe find that overall shareholders value the COO's net purchases before the announcement but not those of the CEOs. If the COO is also the CEO, then executive buy-ins appear to have a negative reaction from the shareholders. When the firm has many business segments or when the announcement is made in an economic recession, the COO's net purchases do not have a positive influence on the shareholders.Originality/valueWe are the first to provide evidence that investors pay attention to the COO around M&A announcements. In the age of celebrity CEOs, who can instantaneously change the stock price with one press release, having another executive that can shape the opinion of investors can diversify the agency risk.

Energy reform will hit investor confidence in Mexico

2021 ◽  
Keyword(s):  
United States ◽  
International Trade ◽  
Trade Agreements ◽  
The United States ◽  
Energy Prices ◽  
Content Type ◽  
Investor Confidence ◽  
International Trade Agreements ◽  
The Government ◽  
Energy Reform

Significance The government will appeal the rulings, which follow action by renewables firms. With constitutional battles over energy investments already unfolding, the future of Mexico’s energy framework has been thrown into turmoil. Impacts Increasing energy prices will probably push inflation above Banxico’s upper target limit of 4%. AMLO’s apparent disregard for international trade agreements will strain relations with the United States. AMLO’s pro-austerity fiscal stance could take a toll on his popularity.

Tunisia's risk of default will rise

2021 ◽  
Keyword(s):  
Informal Economy ◽  
Health Crisis ◽  
Social Unrest ◽  
Content Type ◽  
The Social

Significance The social unrest is partly the result of rising unemployment and poverty, worsened by the COVID-19 crisis. Political gridlock has also prevented the country from undertaking difficult reforms. Impacts Unemployment is likely to stay high, and until the informal economy can resume it will remain a cause of unrest. The release of multiple vaccines should lift some pressure from the health crisis before the end of 2021. The presidency and parliament need to solve the current gridlock in order to implement reforms in due course.

The IMF, its mandate and influence in prevention of financial sector abuse

2016 ◽  
Vol 23 (4) ◽  
pp. 987-1011
Author(s):  
Norman Mugarura
Keyword(s):  
World Bank ◽  
Secondary Data ◽  
Financial Sector ◽  
Data Sources ◽  
Content Type ◽  
The World Bank ◽  
The World ◽  
Secondary Data Sources ◽  
Work Done ◽  
The Imf

Purpose The purpose of this paper is to articulate the mandate of the International Monetary Fund (IMF) not least in promoting a sound legal regulatory environment for markets to operate globally and its inherent challenges. While acknowledging the plausible work done by the IMF in supporting countries to achieve their macro-economic stability, the paper articulates some of its shortcomings as a global institution. It is evident that the post-war climate in which the World Bank and IMF were created has drastically changed – which presupposes that these institutions now need to reposition themselves to reflect on contemporary global challenges accordingly. The author has argued in the past that a robust regulatory system should be devised taking into account the dynamic challenges in the market environment but also to prevent them from happening again. Design/methodology/approach The paper has utilized empirical evidence to evaluate the mandate of the IMF in addressing its dynamic challenges such as the global financial and debt crises in Europe and the USA and prevention of financial sector abuse globally. The IMF is one of the Bretton Woods Institutions charged with the oversight responsibility to enforce policies and enable countries to manage their macro-economic challenges efficiently. Findings The findings demonstrate that the IMF is as relevant and important as it was when it was created in 1945. However, there is a need for intrinsic and structural changes within this institution to continue discharging its mandate in a changed global regulatory landscape. The IMF is still crucial in fostering a fundamental stabilization function to fragile global economies in areas of financial and technical assistance, and developing requisite legal and supervisory infrastructure within fledging member countries. Research limitations/implications The paper was written by analysis of both theoretical and empirical data largely based on secondary data sources. It would have been better to first present the findings in an international conference to solicit wide views and internalize them accordingly. Practical implications While acknowledging the plausible work done by the IMF and its counterpart the World Bank in facilitating global financial markets regulation and prevention of financial sector abuse, as oversight institutions, they need to constantly review their mandate to respond robustly to their dynamic challenges such as the global and debt crises and financial sector abuse. Oversight institutions need to constantly review and adapt their mandate accordingly, if they are to discharge their varied responsibilities efficiently. They cannot stand still in the face of challenges because they will be superseded and kept at a back foot. Social implications Markets and states are embedded in each other, and the way they are regulated is of a significant importance to varied stakeholders and people. Originality/value This paper is one of its kind, is unique in its character and evaluates embedded issues using empirical evidence in a way not done in its context before. Secondary data sources have been evaluated to achieve a thoughtful analysis of the objectives of the paper.

Is Google scholar really scholarly?

2018 ◽  
Vol 35 (3) ◽  
pp. 7-9 ◽  
Author(s):  
Fayaz Ahmad Loan ◽  
Shueb Sheikh
Keyword(s):  
Global Warming ◽  
Impact Factor ◽  
Economic Recession ◽  
Child Labour ◽  
Google Scholar ◽  
H Index ◽  
Content Type ◽  
Global Problems ◽  
Good Number

Purpose This paper aims to identify the scholarly nature of the results retrieved by the Google Scholar on the five major global problems, i.e. global warming, economic recession, terrorism, HIV AIDS and child labour. Design/methodology/approach The five terms (global warming, economic recession, terrorism, HIV AIDS and child labour) were searched into the Google Scholar database, and the first 50 retrieved hits were manually analysed to record the relevant bibliographic details. The scholarship of the results was measured by quality indices like h-index, Altmetrics and Journal Impact Factor. The Scopus – the world’s biggest abstract and citation database – was used to identify the h-index of the prolific authors, citations of articles and impact factor of journals. Findings The study reveals that Google Scholar retrieves a good number of publications on the selected global problems from reputed publishers such as Nature Publishing Group, Elsevier, Cambridge University Press, Blackwell and Sage and published from well-developed countries such as the USA, UK and Switzerland. Google Scholar mostly retrieves articles and research papers from qualitative journals having a good impact factor such as Nature, Science, The Lancet, American Journal of Public Health, The Economic Journal, Social Science and Medicine and Annals of Tourism Research. These articles and books are contributed by the reputed authors having high h-index. The journal articles and books retrieved have also a good number of citations, although such results are limited. The results prove that Google Scholar is scholarly in nature to a great extent. Research limitations/implications The findings are limited to Google Scholar only and cannot be generalized for the rest of the search tools or databases. Further, the study included only five major global problems in the study, and thus, results cannot be applicable to other areas of knowledge. Practical implications The study is a checklist to know the retrieval performance of Google Scholar in terms of quality of content. Originality/value It is the first study of its kind that takes into account the nature of content on major global problems retrieved by the Google Scholar. It is also the first study that used bibliometric analysis to evaluate the quality of results retrieved.

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