scholarly journals Regulatory Cooperation on Cross-Border Banking – Progress and Challenges After the Crisis

2016 ◽  
Vol 235 ◽  
pp. R40-R49 ◽  
Author(s):  
Thorsten Beck
Keyword(s):  
Empirical Evidence ◽  
Policy Reform ◽  
Academic Research ◽  
Institutional Arrangements ◽  
Academic Literature ◽  
Cross Border ◽  
Theoretical Literature ◽  
Bank Resolution ◽  
Regulatory Cooperation ◽  
Recent Policy

This paper surveys the recent academic literature on the economics of cross-border regulatory cooperation as well as recent policy developments in this area. While institutional arrangements of cross-border regulatory cooperation used to focus on day-to-day supervisory tasks, the crisis has given an impetus to a focus on cooperation at the bank resolution stage, with an array of different cooperation forms. A growing theoretical literature has documented different externalities arising from national supervision of cross-border banks, while empirical evidence has been relatively scarce. The paper concludes with a forward looking agenda both for policy reform and academic research in this area.

Half a century of research on Value Line: a comprehensive review

2016 ◽  
Vol 42 (8) ◽  
pp. 799-816 ◽  
Author(s):  
Ying Zhang ◽  
Bobby Alexander
Keyword(s):  
Empirical Evidence ◽  
Design Methodology ◽  
Academic Research ◽  
Forecast Accuracy ◽  
Data Sources ◽  
Review Of Literature ◽  
Comprehensive Review ◽  
Content Type ◽  
Academic Literature

Purpose – The purpose of this paper is to present a comprehensive review of literature on Value Line. First, the authors summarize the literature examining the Value Line enigma. Second, the authors survey the literature on Value Line’s other valuation metrics. Finally, literature comparing Value Line’s database to other tradition data sources is presented. Design/methodology/approach – Approximately 60 academic articles published from 1967 to 2015 on Value Line are systematically reviewed and analyzed. Findings – Despite extensive research, empirical evidence on the Value Line enigma remains less than conclusive. Empirical evidence suggests that Value Line’s other metrics are useful and efficacious. In terms of forecast accuracy and consistency, evidence seems to suggest that Value Line Investment Survey database is as good as other databases. Originality/value – Academic research on Value Line began over half a century ago and is extensive; however, a comprehensive review of previous work is non-existent. This paper fills that gap in the literature and presents a comprehensive review of academic literature on Value Line.

Maintenance management models: a study of the published literature to identify empirical evidence

2015 ◽  
Vol 32 (6) ◽  
pp. 635-664 ◽  
Author(s):  
Kym Fraser ◽  
Hans-Henrik Hvolby ◽  
Tzu-Liang (Bill) Tseng
Keyword(s):  
Empirical Evidence ◽  
Real World ◽  
Academic Research ◽  
Theory And Practice ◽  
Maintenance Management ◽  
Future Research ◽  
Content Type ◽  
Academic Literature ◽  
Management Models ◽  
Real World Applications

Purpose – Maintenance and its management has moved from being considered a “necessary evil” to being of strategic importance for most competitive organisations around the world. In terms of the identification and use of organisational-wide maintenance management models the picture is not clears from both a literature and practical perspective. The purpose of this paper is to shed light on the various models and their use in real-world applications, and in doing so, explores the gap between academic research and practice. Design/methodology/approach – For this paper two comprehensive reviews of the literature were undertaken, first, to identify and categorise the various maintenance management models, and second, to determine the depth of empirical evidence for the popular models in real-world applications. Descriptive analysis of both the practical examples and empirical evidence rates (EER) for maintenance related journals is provided. Findings – Within the literature 37 maintenance management models were identified and categorised. From these, three models were found to be popular: total productive maintenance (TPM), condition based maintenance, and reliability centred maintenance. While several thousand papers discussed these three models, only 82 articles were found to provide empirical evidence. Research limitations/implications – While providing a sound foundation for future research the outcomes are based solely on academic literature. Analysis of EER outside the field of maintenance is needed to make comparisons. Practical implications – The paper offers practitioners a detailed contemporary overview of maintenance management models along with tabulated results of practical examples to present day organisations. Such practical-focused papers are very limited within academic literature. Social implications – With EER as low as 1.5 per cent for some journals this paper acts as a reminder to researchers that they have an obligation to society to spend taxpayer funded research on addressing social needs and real-world problems. Originality/value – This paper makes a concerted attempt to link academic research with management and operational practitioners. While the paper is critical of the current academic imbalance between theory and practice, a number of suggestions to improve EER are offered in the conclusions.

BAIL-IN AND PRIVATE INTERNATIONAL LAW: HOW TO MAKE BANK RESOLUTION MEASURES EFFECTIVE ACROSS BORDERS

2016 ◽  
Vol 66 (1) ◽  
pp. 107-142 ◽  
Author(s):  
Matthias Lehmann
Keyword(s):  
International Law ◽  
Global Financial Crisis ◽  
Private International Law ◽  
The European Union ◽  
Cross Border ◽  
National Courts ◽  
Bank Resolution ◽  
Regulatory Cooperation ◽  
Model Law ◽  
The Global Financial Crisis

AbstractBank resolution is key to avoiding a repetition of the global financial crisis, where failing financial institutions had to be bailed out with taxpayers’ money. It permits recapitalizing banks or alternatively winding them down in an orderly fashion without creating systemic risk. Resolution measures, however, suffer from structural weakness. They are taken by States with territorially limited powers, yet they concern entities or groups with global activities and assets in many countries. Under traditional rules of private international law, these activities and assets are governed by the law of other States, which is beyond the remit of the State undertaking the resolution. This paper illustrates the conflict between resolution and private international law by taking the example of the European Union, where the limitations of cross-border issues are most acute. It explains the techniques and mechanisms provided in the Bank Resolution and Recovery Directive (BRRD) and the Single Resolution Mechanism (SRM) Regulation to make resolution measures effective in intra-Eurozone cases, in intra-EU conflicts with non-Euro Member States and in relation to third States. However, it also shows divergences in the BRRD's transposition into national law and flaws that have been uncovered through first cases decided by national courts. A brief overview of third country regimes furthermore highlights the problems in obtaining recognition of EU resolution measures abroad. This article argues that regulatory cooperation alone is insufficient to overcome these shortcomings. It stresses that the effectiveness of resolution will ultimately depend on the courts. Therefore, mere soft law principles of regulatory cooperation are insufficient. A more stable and uniform text on resolution is required, which could take the form of a legislative guide or, ideally, of a model law. It is submitted that such a text could pave the way for greater effectiveness of cross-border resolution.

scholarly journals THE CURRENT STANDING AND FUTURE PROSPECTS OF ARTS AND CULTURE IN ETHIOPIA

2019 ◽  
Vol 4 ◽  
pp. 3-15
Author(s):  
Karan Khurana ◽  
Matteo Saraceno
Keyword(s):  
Academic Research ◽  
Secondary Data ◽  
Primary Data ◽  
Academic Literature ◽  
Economic Progress ◽  
Depth Analysis ◽  
Arts And Culture ◽  
New Business ◽  
Art And Culture ◽  
Cultural Governance

This research article explores the current state of affairs of arts and culture sector in Ethiopia. An in-depth analysis of various dimensions of art and culture highlights where the country is presently lacking in governance and socio-economic progress in the sector. A qualitative research was carried out to collect primary data. 52 respondents were chosen to be interviewed from Bahir Dar University by the method of quota sampling and the results were analyzed. Secondary data was also analyzed through academic literature from universities in Ethiopia, reports from government and development organizations. Survey results and existing academic literature have guided to single out major hindrances to this sector. In this research it can be confirmed, that the arts and culture sector needs a major intervention in terms of governance and marketing. This research gives out a very structural strategy, based on cultural governance, cultural economics and strategies of new business development as it pillars to support the prosperity of this sector in Ethiopia. The existing academic research provides data on different arts and culture and problems which are specific to a particular region of the country. Whereas this article goes a step further in enforcing the ordinance of cultural governance to the responsible government bodies both locally and nationally and simultaneously highlights how economic progress can be achieved through this sector. Cultural governance as a directive has never been implemented in transition economies and this article will serve as a directive for the future. This article shall be very beneficial for further research in this sector and structuring the work of government bodies, stake holders and the people involved in the sector within Ethiopia.

Do Unlisted Targets Sell at Discounts?

2018 ◽  
Vol 54 (3) ◽  
pp. 1371-1401 ◽  
Author(s):  
Jeffrey F. Jaffe ◽  
Jan Jindra ◽  
David J. Pedersen ◽  
Torben Voetmann
Keyword(s):  
Empirical Evidence ◽  
Jensen’S Inequality ◽  
Jensen's Inequality ◽  
Academic Literature ◽  
Acquisition Pricing

Academic literature, practitioners, courts, and regulators routinely assert that both private and subsidiary targets sell at discounts relative to public targets. However, the empirical evidence to support this conclusion is thin. Our work alters the methodology from prior research to avoid biases due to both one-sided sample truncation and Jensen’s inequality. Following these changes, we find no evidence that unlisted targets sell at discounts. Our results hold under a number of different approaches and after controlling for known determinants of acquisition pricing.

Creating Effective Rural Policies: Rural Lenses and Their Effectiveness

2019 ◽  
Vol 3 (1) ◽  
Author(s):  
Louis Helps
Keyword(s):  
North America ◽  
Rural Areas ◽  
Policy Development ◽  
Regional Policy ◽  
Academic Research ◽  
Relative Lack ◽  
Academic Literature ◽  
Working Paper ◽  
Canadian Provinces ◽  
The Government

As part of an international trend in regional policy development towards “mainstreaming” rural issues, multiple national and regional governments have created policy lenses designed to ensure that legislation is formed with the needs of rural areas taken into account. Despite a relative lack of academic research on the effectiveness of rural lenses, the idea has been imported to multiple jurisdictions, including several Canadian provinces. This presentation will offer a comparative overview of rural lenses in jurisdictions in Europe and North America in order to achieve a better understanding of their commonalities and divergences in methods, circumstances, and effectiveness. The presentation will make use of a review of the government and academic literature conducted for an upcoming working paper by Louis Helps and Dr. Ryan Gibson. This research is the foundation of a larger project that will seek to understand the feasibility of implementing rural lenses at the provincial level in Canada.

The Archaeology of Passage: Reading Invisibility in Chinese Tombs

2019 ◽  
Author(s):  
Wu Hung
Keyword(s):  
Visual Culture ◽  
Empirical Evidence ◽  
Visual Analysis ◽  
Academic Research ◽  
Chinese Art ◽  
Philosophical Concept ◽  
Historical Scholarship ◽  
Tao Te Ching ◽  
The Past ◽  
Daode Jing

The eleventh section of Daode jing (Tao Te Ching), the foundational text of Taoism, reads: . . . Thirty spokes share a hub; Because [the wheel] is empty, it can be used in a cart. Knead clay to make a vessel. Because it is empty, it can function as a vessel. Carve out doors and windows to make a room. Because they are empty, they make a room usable. Thus we possess things and benefit from them, But it is their emptiness that makes them useful. . . This section has always been appreciated as a supreme piece of rhetoric on the powers of nothingness, a philosophical concept fiercely articulated in the Daode jing. Whereas that may indeed be the author’s intention, the empirical evidence evoked to demonstrate this concept reveals an alternative way of seeing manufactured objects by focusing on their immaterial aspects. This way of looking at things has important implications for archaeological and art historical scholarship on ancient artifacts and architecture precisely because these two disciplines identify themselves with the study of physical remains of the past so firmly that tangibility has become an undisputed condition of academic research in these fields. Archaeologists routinely classify objects from an excavation into categories based on material and then inventory their sizes, shapes, and decoration. Art historians typically start their interpretation of images, objects, and monuments by identifying their formal attributes. Whereas such trained attention to material and formal evidence will surely persist for good reasons, the Daode jing section cautions us of the danger of ignoring the immaterial aspects of man-made forms, which, though eluding conventional typological classification and visual analysis, are nevertheless indispensible to their existence as objects and buildings. The current chapter incorporates this approach into a study of ancient Chinese art and visual culture by arguing that constructed empty spaces on artifacts and structures—holes, vacuums, doors, and windows—possess vital significance to understanding the minds and hands that created them and thus deserve a serious look into their meaning.

Sign in / Sign up

Export Citation Format

Share Document