scholarly journals Politicizing the Body in the Anti-Mining Protest in Greece

2020 ◽  
pp. 017084061988295 ◽  
Author(s):  
Marianna Fotaki ◽  
Maria Daskalaki
Keyword(s):  
Social Movements ◽  
Social Reproduction ◽  
Political Action ◽  
Global Financial Crisis ◽  
Spatial Relations ◽  
The Body ◽  
Public And Private ◽  
Social Reproduction Theory ◽  
Organization And Management ◽  
The Global Financial Crisis

Although organization and management scholars are beginning to research opposition and dissent emerging in response to the global financial crisis, there are few accounts or feminist analyses of social movements and women’s mobilizations as an important part of these movements. We address this gap by considering a case of women activists opposing extractivist mining in Chalkidiki, Greece, to demonstrate their crucial role in initiating and organizing resistance within their communities. Drawing theoretical inspiration from social reproduction theory and the literature on embodied protest as a form of political action, we argue that women use diverse means to promote the politics of visibility, erasing public and private distinctions as they defend their communities’ right to live in unpolluted environments. By way of contribution, we enhance understanding of the role of affective embodiment as a foundation for activist feminist practices; develop a theory of the protesting body altering spatial relations as a means to oppose the neoliberal assault on life and environment; and suggest how this might prefigure new political practices in the context of social movements. We identify the implications of this theorization and call for academics’ deeper sustained engagement in activism.

scholarly journals The gendered impact of the financial crisis: Struggles over social reproduction in Greece

2020 ◽  
pp. 0308518X2092285
Author(s):  
Maria Daskalaki ◽  
Marianna Fotaki ◽  
Maria Simosi
Keyword(s):  
Financial Crisis ◽  
Social Reproduction ◽  
Global Financial Crisis ◽  
Work Conditions ◽  
Feminist Geography ◽  
Public And Private ◽  
The Public ◽  
Neoliberal Capitalism ◽  
The Global Financial Crisis ◽  
Low Pay

The global financial crisis has triggered a dramatic transformation of employment in the weakest Eurozone economies. This is evidenced in deteriorating work conditions, limited employee negotiating power, low pay, zero-hours contracts and, most importantly, periods of prolonged unemployment for most of the working population, especially women. We offer a critical analysis of the boundaries of formal and informal, paid and unpaid, productive and reproductive work, and explore how austerity policies implemented in Greece in the aftermath of the global financial crisis have transformed women’s everyday lives. In contributing to critical discussions of neoliberal capitalism and recent feminist geography studies, our empirical study focuses on how women’s struggles over social reproduction unfold in the public and private spheres. It proposes that women’s temporary retreat to unpaid work at home constitutes a form of resistance to intensifying precarisation, and, at times, contributes to the emergence of new collective forms of reproduction.

Globalization should be what states make of it

2021 ◽  
Author(s):  
◽  
Régis Le Moguédec
Keyword(s):  
Global Economy ◽  
Political Action ◽  
Global Financial Crisis ◽  
International System ◽  
State Intervention ◽  
Global Market ◽  
Financial Deregulation ◽  
The Great Depression ◽  
Public Money ◽  
The Global Financial Crisis

<p>A significant factor that prevented the Global Financial Crisis (GFC) from becoming as calamitous as the Great Depression of 1929, is the fact that states reacted swiftly to inject massive sums of public money to save the banks and the global financial system.  This massive state intervention highlighted the limits of the progressive deregulation of the international system which characterized the process of globalization. It showed that states had huge responsibilities in keeping the global economy afloat, albeit without a clear compass or direction. The apparent ‘anarchy’ of the global market system makes conceivable that, to paraphrase A. Wendt, “globalization should be what states make of it”.  Limiting the scope of study to the postmodern state, and looking at the discourse surrounding the globalization process that promotes de-regulation and limited government within a ‘neo-liberal paradigm’ it looks at the ‘democratic deficit’ which weakens the political decision-making process. If not yet a ‘paradigm shift’, the GFC has many ingredients of a crisis of capitalism which needs to re-invent itself, and political action is crucial to curb the excesses of finance. Looking at France, and the election of Francois Hollande on a strong ‘anti-finance’ platform in 2012 and its European Union dimension, it remains to be seen if that kind of shift will actually be able to operate and be successful to set the tone for global reforms.  In conclusion, the core argument is that the global ‘trial’ of the neoliberal paradigm and the concept of financial deregulation should now enter a new phase. It is historically and symbolically the defeat of the self-regulating markets as a blueprint for global prosperity. The present structures are inadequate, and states have to find new ways for cooperation in order to steer this integrated world towards greater cohesion.</p>

scholarly journals Double-Edged Sword of Global Financial Crisis and COVID-19 Pandemic on Crude Oil Stock Returns

2020 ◽  
Author(s):  
Monday Osagie Adenomon ◽  
Ngozi G. Emenogu
Keyword(s):  
Financial Crisis ◽  
Crude Oil ◽  
Global Financial Crisis ◽  
The Body ◽  
Garch Models ◽  
Oil Futures ◽  
Crude Oil Futures ◽  
The Global Financial Crisis ◽  
The Impact ◽  
T Distribution

This study investigates the impact of global financial crisis and the present COVID-19 pandemic on daily and weekly Crude oil futures using four variants of ARMA-GARCH models: ARMA-sGARCH, ARMA-eGARCH, ARMA-TGARCH and ARMA- aPARCH with dummy variables We also investigated the persistence, half-life and backtesting of the models. This study therefore seeks to contribute to the body of literature on the impact of global financial crisis and the present COVID-19 pandemic on crude oil futures market. This investigation of the impact of global financial crisis and the COVID-19 on crude oil futures has not been much studied at present. We obtained and analyzed the daily and weekly crude oil futures from secondary sources. Daily crude oil futures used in this study covers the period from the 4th January 2000 to 27th April 2020 while the weekly crude oil futures covered from 2ndJanuary 2000 to 26th April 2020 . The global financial crisis period covered from 2nd July 2007 to 31st March 2009 and the current COVID-19 pandemic covered from 1st January 2020 to 27th April, 2020. The study used both student t and skewed student t innovations with AIC, goodness-of-test fit and backtesting to select the best model. Most of the estimated ARMA-GARCH models are supported by skewed student t distribution while most of the ARMA-GARCH models exhibited high persistence values in the presence of global financial crisis and the COVID-19 pandemic. In the overall, the estimated ARMA(1,0)-eGARCH(2,1) and ARMA(1,0)-eGARCH(2,2) model for daily crude oil futures and weekly crude oil futures respectively have been significantly impacted by the global financial crisis and the Present COVID-19 pandemic while the preferred estimated models also passed the goodness-of-test fit and backtesting.This study recommends shareholders and investors should think outside the box as crude oil futures tend to be affected by global financial crisis and COVID-19 pandemic while countries also that depend mostly on crude oil are encouraged to diversify their economy in other to survive and be sustained during financial and health crisis.

scholarly journals THE EFFECT OF GLOBAL FINANCIAL CRISIS ON SECURITIES PORTFOLIO OF DEPOSIT BANKS: A DIFFERENCE-IN-DIFFERENCES METHOD FOR TURKEY

2019 ◽  
Vol 7 (1) ◽  
pp. 444-466
Author(s):  
Onur ÖZDEMİR ◽  
Fatih KAYHAN
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Research Question ◽  
Financial Assets ◽  
Negative Effects ◽  
Difference In Differences ◽  
Public And Private ◽  
Econometric Analyses ◽  
Public Banks ◽  
The Global Financial Crisis

This study analyzes the effects of the global financial crisis of 2008 upon public and private deposit banks’ securities portfolio in Turkey for the quarterly period between 2005 (Q1) and 2015 (Q4). Difference-in-Differences (DiD) method is employed to solve the research question of this paper, which is whether or not there exist a significant change in differences between Turkish public and private banks’ ratio of securities (financial assets) to total assets during and after the crisis. This study concludes by suggesting that after the global financial crisis, securities to assets ratio of publicly owned deposit banks significantly differed from that of privately owned ones in Turkey.Compared to the private deposit banks, there has been a significant decrease in the specified ratio of public deposit banks. This can be explained by taking into account the very nature of public banks. The results of the econometric analyses indicate that after the crisis, unlike the private deposit banks, state-owned deposit banks held fewer securities in their total assets in Turkey, which is in line with the behavior of lending more to eliminate the negative effects of the crisis of 2008.

scholarly journals Advances in social movement theory since the global financial crisis

2017 ◽  
Vol 21 (3) ◽  
pp. 376-390 ◽  
Author(s):  
Eugene Nulman ◽  
Raphael Schlembach
Keyword(s):  
Social Movements ◽  
Social Movement ◽  
Western Europe ◽  
Global Financial Crisis ◽  
Theoretical Work ◽  
Contentious Politics ◽  
Levels Of Analysis ◽  
Occupy Movement ◽  
Theoretical Perspectives ◽  
The Global Financial Crisis

The social movement literature in Western Europe and North America has oriented much of its theoretical work towards micro-, meso-, and macro-level examinations of its subject of study but has rarely integrated these levels of analysis. This review article broadly documents the leading theoretical perspectives on social movements, while highlighting the contributions made in recent years with regard to the wave of protests across the globe – typified by the Occupy Movement and the ‘Arab Spring’ – and grievances that are relatively novel in qualitative or quantitative form such as austerity, precarity, and a sense of democratic deficiency. While these novel social processes have invigorated the specialized arena of ‘social movement studies’ and generated a resurgence of work on social movements beyond the field, this article argues for the need to interconnect levels of analysis in order to develop a more insightful account of contemporary contentious politics.

scholarly journals External Debt Sustainability in the Eurasian Economic Union Countries

2020 ◽  
Author(s):  
Junus Ganiev ◽  
Damira Baigonushova
Keyword(s):  
Global Financial Crisis ◽  
External Debt ◽  
Government Debt ◽  
Debt Management ◽  
Public And Private ◽  
Eurasian Economic Union ◽  
Current State ◽  
Economic Union ◽  
The Stability ◽  
The Global Financial Crisis

After the global financial crisis, there have been serious increases in state debt of most countries. In addition, the debts for economic development are constantly increasing in the Eurasian Economic Union countries. As a result, the sustainability problem of government debt arises. In some countries, such as Kyrgyzstan, a significant portion of government debt is taken from a single country. This situation increases the risk even more. The aim of the study is to analyze the sustainability of state debts comparatively in the countries of the Eurasian Economic Union. To this end, the current state of government and total external debt were analyzed in light of various sustainability rates. The ratio of government debt and debt service to variables such as Gross Domestic Product and export was determined and compared. ADF and PP unit root tests and quarterly data for the period 2008-2019 was used to determine the stability of external debt. According to the empirical results, it is showed that the external debt is unsustainable in EAEU countries. Therefore, they need to implement rational policies on external debt management, in both the public and private sectors.

scholarly journals The impact of deposit guarantee scheme on operation of Australian financial institutions

2020 ◽  
Vol 17 (3) ◽  
pp. 121-133
Author(s):  
Selina Um ◽  
Sarod Khandaker ◽  
Chee Jin Yap
Keyword(s):  
Financial Institutions ◽  
Deposit Insurance ◽  
Global Financial Crisis ◽  
The Body ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Insurance Scheme ◽  
The Global Financial Crisis ◽  
Building Societies ◽  
The Impact

During the global financial crisis (GFC), the Australian government introduced a deposit guarantee scheme to all the deposit accounts with financial institutions. The scheme is very similar to a deposit insurance scheme to a certain extent, though the premium is not paid by the financial institutions or the depositors. This study adopts Data Envelopment Analysis (DEA) and Malmquist productivity index (MPI) to investigate the impact of the funding scheme on Australian financial institutions during and after the GFC. The study measures the productivity and efficiency gains of large financial institutions, regional banks, credit unions and building societies for its analysis. This data spans the period from 2000 to 2014 and uses financial institutions’ input and output variables. The study finds evidence that an ex-ante insurance scheme has a profound impact on the structure and funding of Australia’s current insurance scheme. The research contributes to the body of knowledge of the current literature on the deposit guarantee scheme and the practical understanding of a deposit insurance scheme from an Australian perspective.

Neoliberalism, crises and accusations of fraud: a vicious circle of reinforcing influences?

2014 ◽  
Vol 11 (4) ◽  
pp. 317-356 ◽  
Author(s):  
Henri Guénin-Paracini ◽  
Yves Gendron ◽  
Jérémy Morales
Keyword(s):  
Social Sciences ◽  
Social Reproduction ◽  
Design Methodology ◽  
Global Financial Crisis ◽  
Content Type ◽  
Related Research ◽  
Political Implications ◽  
Neoliberal Governance ◽  
The Social ◽  
The Global Financial Crisis

Purpose – This paper aims to better understand why neoliberal governance is so resilient to the crises that frequently affect all or part of the economy. Design/methodology/approach – The argument of this paper relies on a macroanalysis of discourses surrounding the Global Financial Crisis. Findings – Drawing on Girard and Foucault’s work, this paper argues that the resilience of neoliberalism partly ensues from the proclivity of this mode of governing to foster, for reasons that this paper seeks to highlight, spontaneous and widespread processes of scapegoating in times of turmoil. As a consequence of these processes, crises often are collectively construed as resulting from frauds: the blame is focused on specific actors whose lack of morality is denounced, and this individualizing line of interpretation protects the regime from systemic questioning. Practical, social and political implications – Particular actors, rather than the system itself, are made accountable when things go wrong. Consequences are paramount. Today’s political economy is characterized with a proclivity toward social reproduction. While substantive change is possible in theory, considerable challenges are involved in practice in overcoming the dominance of neoliberalism in society. Originality/value – Although Girard’s work has exerted significant influence over a number of disciplines in the social sciences, his ideas have not yet been widely used in governance and accountability-related research. Anthropological theorizations – such as those proposed by Girard – are valuable in providing us with a sense of how power develops in the economy.

The Simple Truth: Ambiguity Works. Discursive Strategies by Swedish Public Authorities During the 2008 Financial Crisis

2017 ◽  
Vol 55 (2) ◽  
pp. 220-236 ◽  
Author(s):  
Catrin Johansson ◽  
Lars Nord
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Public Authorities ◽  
Public And Private ◽  
The Public ◽  
Discursive Strategies ◽  
Private Organizations ◽  
Analytical Point ◽  
The 2008 Financial Crisis ◽  
The Global Financial Crisis

The global financial crisis that broke out in 2008 affected a large number of governmental, public, and private organizations. This article explores communication of public authorities in Sweden during the crisis, and highlights their discursive strategies between 2008 and 2010, analyzing press releases. As an analytical point of departure, complexity theory is combined with theory on strategic ambiguity in order to analyze which communication strategies were employed by the authorities. Results show that the public authorities embraced complexity and ambiguity differently in their communication, and consequences of their different approaches are discussed. The study also confirms that the different roles of significant actors during a crisis influence the selection of possible message strategies.

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