scholarly journals The Rise and Stall of EU Macro‐Prudential Policy. An Empirical Analysis of Policy Conflicts over Financial Stability, Market Integration, and National Discretion*

Author(s):  
Bart Stellinga
2007 ◽  
Vol 2 (4) ◽  
pp. 337-355 ◽  
Author(s):  
Sander Oosterloo ◽  
Jakob de Haan ◽  
Richard Jong-A-Pin

Author(s):  
Dalvinder Singh

This chapter examines how the Single Supervisory Mechanism opens the door to non-Eurozone Member States to participate and have credit institutions supervised by the European Central Bank (ECB) that fulfil the criteria of significance within the Member State and have cross-border activities. The ECB is required to work closely with both participating and non-participating Member States , since a significant proportion of credit institutions will invariably have business activities in both participating and non-participating Member States. The participating and non-participating Member States will be expected to allow the ECB to take the lead and/or cooperate with the ECB as the competent home supervisor to ensure appropriate cooperation and coordination of supervision and information sharing to inform supervisory decisions. The aim of the ECB in this respect is to safeguard financial stability and facilitate sustainable market integration. The chapter looks at the procedures set out to explain how a non-Eurozone Member State enters a close cooperation agreement with the ECB to come under the umbrella of the Single Supervisory Mechanism.


ILR Review ◽  
2018 ◽  
Vol 71 (4) ◽  
pp. 908-936 ◽  
Author(s):  
Rupa Banerjee ◽  
Philip Kelly ◽  
Ethel Tungohan ◽  
Petronila Cleto ◽  
Conely de Leon ◽  
...  

This study examines the impact of attaining permanent resident status on the employment integration of migrant caregivers in Canada. The authors use survey data from 631 caregivers who arrived as migrants under a temporary foreign worker program before transitioning to permanent residency, as well as data from 47 focus group discussions. The authors find that although most caregivers do switch out of caregiving work over time, they often remain within a few, lower-skilled occupations. Postsecondary education acquired before migration has no impact on occupational mobility. Caregivers’ lack of financial stability and the stigmatization of their employment experience often constrain their labor market options; moreover, an emotional bond and sense of obligation toward employers often hinder their ability to move out into other occupations, even after receiving legal permanent resident status. From the empirical results, the authors provide theoretical insights into the complex relationship between immigration patterns and labor markets.


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