Hauntologizing the (un)foreseen present: The 2008 financial crisis in Antonio Muñoz Molina’s La noche de los tiempos and Todo lo que era sólido

2019 ◽  
Vol 49 (3-4) ◽  
pp. 324-335
Author(s):  
David Amezcua
Keyword(s):  
Financial Crisis ◽  
The Other ◽  
Cultural Narratives ◽  
2008 Financial Crisis ◽  
Other Hand ◽  
The 2008 Financial Crisis

This article deals with Antonio Muñoz Molina’s La noche de los tiempos (2009) and Todo lo que era sólido (2013a) and provides an interdiscursive analysis of both works, aiming to highlight their thematic and affective connections. Similarly, I contend that these works belong in the fabric of cultural narratives around the 2008 financial crisis. On the other hand, the spectral nature of the narrators of both La noche de los tiempos and Todo lo que era sólido is scrutinized, departing from Derrida’s notion of hauntology. Finally, the role of metaphors in the construction of reality is examined, paying heed to Muñoz Molina’s lucid analysis of the dominant metaphors that were used during the years prior to the 2008 financial crisis. His analysis leads us to consider the necessity of creating a new narrative for Europe which helps shape and redefine a new sense of Europeanness.

The role of customers and employees in the buffer effect of corporate social responsibility in times of crisis

2020 ◽  
Vol 46 (7) ◽  
pp. 955-975 ◽  
Author(s):  
Dorra Ellouze
Keyword(s):  
Financial Crisis ◽  
Negative Impact ◽  
Employee Productivity ◽  
Negative Events ◽  
Buffer Effect ◽  
2008 Financial Crisis ◽  
Content Type ◽  
Cooperative Relationships ◽  
The 2008 Financial Crisis

PurposeThe purpose of the paper is to investigate the role of customers and employees in the buffer effect of CSR around the 2008 financial crisis in the European context.Design/methodology/approachUsing a sample of 323 European firms listed in STOXX Europe 600 Index, different models are estimated to test whether the effect of CSR ratings on firms' relationships with their customers and employees could be different during the 2008 financial crisis relative to the pre-crisis and post-crisis periods.FindingsThe paper shows that CSR rating has a significantly negative impact on firms' accounts receivable and a significantly positive effect on employee productivity during the crisis period (from 2007 to 2009). However, there is no significant effect of CSR rating during the non-crisis periods. These results suggest that during negative events, customers are willing to continue supporting high-CSR firms by paying their invoices faster. Furthermore, these firms benefit from higher productivity of their employees who are willing to work harder in periods of uncertainty.Research limitations/implicationsFirms should invest in CSR practices to maintain strong and cooperative relationships with their customers and employees. Also, investors should choose firms engaging in more social capital. Moreover, policymakers should encourage implementing CSR practices which act as an insurance-like protection in times of negative events.Originality/valueThis paper adds to the previous studies by investigating whether the cooperative role of customers and employees can explain the buffer role of CSR around the crisis. Furthermore, it considers companies located in several European countries for a long period (from 2004 to 2012) to compare periods of crisis and non-crisis.

Historical Institutionalism and New Dimensions of Agency: Bankers, Institutions and the 2008 Financial Crisis

2017 ◽  
Vol 65 (3) ◽  
pp. 724-739 ◽  
Author(s):  
Stephen Bell
Keyword(s):  
Social Psychology ◽  
Financial Crisis ◽  
Historical Institutionalism ◽  
The Other ◽  
Detailed Account ◽  
2008 Financial Crisis ◽  
Institutional Constraint ◽  
The 2008 Financial Crisis ◽  
Run Up

This article argues that historical institutionalism has bifurcated into two competing accounts: one focused on institutional stasis and the other on change. A more encompassing theory that accounts for both processes is constructed using a more detailed account of agency – one that utilises key inputs from cognitive and social psychology. This can better account for the conditions under which institutional constraint or change occurs and is used to explain the variable behaviour of bankers in the run-up to the 2008 financial crisis.

A Study on Multi-Class Fund Flows and Consumer Protection

2017 ◽  
Vol 25 (1) ◽  
pp. 41-74
Author(s):  
Tai-Yong Roh ◽  
Sun-Joong Yoon ◽  
Sung Won Seo
Keyword(s):  
Financial Crisis ◽  
Mutual Fund ◽  
Fund Flows ◽  
Empirical Observation ◽  
2008 Financial Crisis ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
The 2008 Financial Crisis

We examine whether the suitability principles hold for the mutual fund industry in Korea, by analyzing the dynamics and the characteristics of the multi-class fund flows. For 12-years from 2002 to 2013, the volatility of fund flows associated with A-class fund, which is more appropriate for long-term investments, is larger than that associated with C-class fund. Therefore, it can be interpreted that the suitability principles do not hold. To examine the empirical observation, we mainly focus on the role of the dollar cost averaging (DCA) style funds. We show that if we adjust for the effect of DCA funds, the suitability principles does not hold only before the 2008 financial crisis. Thus, we argue that individuals' irrational decision making is caused by heavy investments on A-class fund through DCA style types before the financial crisis. This leads to the observed violation of the suitability principles before the crisis. Our findings also suggest that after the financial crisis, the mutual fund industry in Korea becomes mature.

scholarly journals Crisis and Dystopia in the Current Spanish Novel Un incendio invisible, by Sara Mesa and Por si se va la Luz, by Lara Moreno

2021 ◽  
Author(s):  
Gloria Julieta Zarco
Keyword(s):  
Financial Crisis ◽  
Spanish Literature ◽  
Possible Worlds ◽  
Cultural Narratives ◽  
Possible World ◽  
2008 Financial Crisis ◽  
Spanish Novel ◽  
The Creation ◽  
Financial Crisis Of 2008 ◽  
The 2008 Financial Crisis

Europe in general and Spain in particular are still experiencing the consequences of the 2008 financial crisis. Spanish cultural narratives have imagined other possible scenarios around a financial crisis that has not only been an economic one, but also a social one. In that context, Spanish literature was used not only as a means to elaborate coherent narratives in times of crisis but also as a space to create other possible worlds. The novels Un incendio invisible (2011), by Sara Mesa, and Por si se ve la Luz (2013), by Lara Moreno, are both set in imaginary places in which their protagonists – sometimes driven by desire and other times by necessity – survive in hostile, abandoned and primitive places. The article attempts to analyse the dominance of the construction of dystopian places and the creation of ‘another possible world’ as a consequence of the financial crisis of 2008.

Scoundrel or Scapegoat? A Reassessment of the Office of Thrift Supervision’s Performance Before the 2008 Financial Crisis

2015 ◽  
Vol 50 (10) ◽  
pp. 1396-1421 ◽  
Author(s):  
Justin Rex
Keyword(s):  
Financial Crisis ◽  
Federal Reserve ◽  
Deposit Insurance ◽  
The Other ◽  
2008 Financial Crisis ◽  
Financial Reforms ◽  
The 2008 Financial Crisis ◽  
Federal Deposit Insurance ◽  
Do So ◽  
Federal Deposit Insurance Corporation

This research attempts to determine whether Congress was justified in shutting down the Office of Thrift Supervision (OTS) in the wake of the 2008 financial crisis. I do so by comparing its performance with that of the other federal banking regulators: the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve. Results show that the OTS is not consistently the worst performer across a variety of measures. This finding suggests it was unfairly scapegoated and that many of the problems attributed to the OTS still remain at the other agencies, despite financial reforms in 2010.

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