scholarly journals Financial indebtedness and suicide: A 1-year follow-up study of a population registered at the Swedish Enforcement Authority

2021 ◽  
pp. 002076402110361
Author(s):  
Yerko Rojas
Keyword(s):  
Global Financial Crisis ◽  
Swedish Population ◽  
Financial Difficulties ◽  
Enforcement Authority ◽  
The Global Financial Crisis ◽  
Socioeconomic Risk ◽  
Registration Date ◽  
Detrimental Impact ◽  
General Swedish Population

Background: Economic hardship is an established suicidogenic factor. However, very little is known about whether financial difficulties in terms of debt problems, specifically, is related to suicide. This would seem to be an important research gap, not least at a time when the repercussions of the global financial crisis are still being felt by many people. Aims: This study sets out to examine whether experiencing financial indebtedness is related to suicide. Methods: For this purpose, people aged between 18 and 64 with a registration date for a debt in the Swedish Enforcement Authority register between 2015 and 2017 ( n = 180,842) are followed up for a 1-year period for death by suicide and compared with a sample from the general Swedish population ( n = 928,265). The analysis is based on penalized maximum likelihood logistic regressions. Results: Those who had experienced financial indebtedness were two and a half times more likely to commit suicide than those who had not lived through this experience (OR = 2.50), controlling for several demographic, socio-economic, and mental health conditions prior to the date of the registration at the Enforcement Authority. Conclusion: Debt repayment problems have a significant and detrimental impact on individuals’ risk of committing suicide, even when several other socioeconomic risk factors are controlled for. The results reinforce the importance of ongoing attempts to remove the issue of debt problem from its status as a rather hidden suicidogenic risk factor.

scholarly journals The 2011 Commonwealth Local Government Conference: Energising Local Economies: An Overview

1970 ◽  
Author(s):  
Sue Rhodes
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Global Financial Crisis ◽  
Local Economic Development ◽  
Local Economies ◽  
Financial Difficulties ◽  
Economic Climate ◽  
The Global Financial Crisis ◽  
The Right ◽  
The Impact

In the current economic climate, creating the right environment for local enterprise, inward investment, and business and skills development, is an important factor in ensuring the prosperity and wellbeing of local communities. The impact of the global financial crisis has not been uniform across the Commonwealth and countries are using different strategies to overcome their financial difficulties. Local government increasingly plays an important part in this. More and more local governments in countries across the Commonwealth have responsibilities and powers for local economic development: in some countries local authorities can already show how their policies and actions are helping energise their local economies, while in other countries local councils are just beginning to get to grips with these responsibilities.

scholarly journals A Business Failure Index Using Rank Transformation

2018 ◽  
Vol 11 (1) ◽  
pp. 56
Author(s):  
Marialuisa Restaino ◽  
Marco Bisogno
Keyword(s):  
Financial Distress ◽  
Default Risk ◽  
Global Financial Crisis ◽  
Business Failure ◽  
Failure Index ◽  
Financial Difficulties ◽  
Rank Transformation ◽  
The Global Financial Crisis ◽  
Italian Manufacturing Firms ◽  
Corporate Distress

The global financial crisis entails a renewed attention from financial institutions, academics, and practitioners to corporate distress analysis and its forecasting. This study aims to propose a model for predicting default risk based on a business failure index using rank transformation. The procedure suggested is able to capture firms’ financial difficulties and forecast bankruptcy through the construction of a failure index based on some relevant financial ratios. By means of the estimation of failure probability, it allows to classify and predict business distress in time to take mitigating action. This procedure is evaluated by some accuracy measures on a sample of Italian manufacturing firms, and is found to be a suitable instrument for preventing financial distress.

scholarly journals A fresh view twenty years on: The Asian financial debacle and the Minskyan lessons learnt by the International Monetary Fund

2018 ◽  
Vol 63 (218) ◽  
pp. 129-156
Author(s):  
Ognjen Radonjic ◽  
Miodrag Zec
Keyword(s):  
Financial Crisis ◽  
International Monetary Fund ◽  
Global Financial Crisis ◽  
Emerging Market ◽  
Capital Controls ◽  
Regional Economies ◽  
Financial Difficulties ◽  
Financial Liberalisation ◽  
The Global Financial Crisis ◽  
The International Monetary Fund

In this paper we shall sketch the anatomy of the Asian financial crisis which erupted twenty years ago. In order to answer the question of how and why this crisis developed and what went wrong in its aftermath we embrace the Financial Instability Hypothesis of the seminal post- Keynesian economist Hyman P. Minsky. The real causes of the Asian crisis were endogenously developed euphoric expectations that followed financial liberalisation and deregulation and propelled the creation of an inverted capital structure and financial fragility. After the initial crisis and subsequent abrupt reverse of investor?s sentiments, the International Monetary Fund intervened and multiplied financial difficulties that strangled regional economies. Fortunately, gradually and in line with the Minskyan approach to financial crises, the International Monetary Fund learned from its Asian mistakes, and starting from the outbreak of the global financial crisis in 2008 and the succeeding financial crisis in Eastern Europe in 2009, dropped its opposition to capital controls and its support for austerity measures in crisis-hit emerging market economies.

On the formation of a New Paradigm of fiscal Policy

2013 ◽  
pp. 152-158 ◽  
Author(s):  
V. Senchagov
Keyword(s):  
Public Finance ◽  
Fiscal Policy ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Domestic Demand ◽  
Real Economy ◽  
New Paradigm ◽  
Monetary Aggregate ◽  
The Past ◽  
The Global Financial Crisis

Due to Russia’s exit from the global financial crisis, the fiscal policy of withdrawing windfall spending has exhausted its potential. It is important to refocus public finance to the real economy and the expansion of domestic demand. For this goal there is sufficient, but not realized financial potential. The increase in fiscal spending in these areas is unlikely to lead to higher inflation, given its actual trend in the past decade relative to M2 monetary aggregate, but will directly affect the investment component of many underdeveloped sectors, as well as the volume of domestic production and consumer demand.

ASPEK ETIK DAN SISTEMIK DALAM EKONOMI DAN BISNIS ISLAM

ALQALAM ◽  
2014 ◽  
Vol 31 (1) ◽  
pp. 187
Author(s):  
Budi Harsanto
Keyword(s):  
Financial Crisis ◽  
Business Ethics ◽  
Moral Hazard ◽  
Global Financial Crisis ◽  
Financial Institution ◽  
Research Question ◽  
Academic Journals ◽  
Lehman Brothers ◽  
The World ◽  
The Global Financial Crisis

The fall of Enron, Lehman Brothers and other major financial institution in the world make researchers conduct various studies about crisis. The research question in this study is, from Islamic economics and business standpoint, why the global financial crisis can happen repeatedly. The purpose is to contribute ideas regarding Islamic viewpoint linked with the global financial crisis. The methodology used is a theoretical-reflective to various article published in academic journals and other intellectual resources with relevant themes. There are lots of analyses on the causes of the crisis. For discussion purposes, the causes divide into two big parts namely ethics and systemic. Ethics contributed to the crisis by greed and moral hazard as a theme that almost always arises in the study of the global financial crisis. Systemic means that the crisis can only be overcome with a major restructuring of the system. Islamic perspective on these two aspect is diametrically different. At ethics side, there is exist direction to obtain blessing in economics and business activities. At systemic side, there is rule of halal and haram and a set of mechanism of economics system such as the concept of ownership that will early prevent the seeds of crisis. Keywords: Islamic economics and business, business ethics, financial crisis 

Mobilising resiliency in times of economic hardship: Emerging themes in migrant worker remittance payments

2014 ◽  
Vol 7 (2) ◽  
pp. 159-167
Author(s):  
Kevin Garlan
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Migrant Worker ◽  
Economic Hardship ◽  
Priority Areas ◽  
Mobile Payments ◽  
Payment Methods ◽  
The Future ◽  
Emerging Themes ◽  
The Global Financial Crisis

This paper analyses the nexus of the global financial crisis and the remittance markets of Mexico and India, along with introducing new and emerging payment technologies that will help facilitate the growth of remittances worldwide. Overall resiliency is found in most markets but some are impacted differently by economic hardship. With that we also explore the area of emerging payment methods and how they can help nations weather this economic strife. Mobile payments are highlighted as one of the priority areas for the future of transferring monetary funds, and we assess their ability to further facilitate global remittances.

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