scholarly journals Everyday austerity: Towards relational geographies of family, friendship and intimacy

2018 ◽  
Vol 43 (5) ◽  
pp. 769-789 ◽  
Author(s):  
Sarah Marie Hall
Keyword(s):  
Financial Crisis ◽  
Everyday Life ◽  
Lived Experience ◽  
Urban Governance ◽  
Economic Systems ◽  
Relational Approach ◽  
Care And Support ◽  
Intimate Relations ◽  
Recent Financial Crisis ◽  
Relational Geographies

This paper advances ideas about relational geographies to explore ‘everyday austerity’. Whilst geographers have analysed the causes and aftermath of the recent financial crisis, the focus largely remains on problems within economic systems and urban governance, rather than austerity as lived experience. I outline how focusing on everyday relationships and relational spaces – family, friendship and intimate relations – provides exciting opportunities for thinking geographically about everyday life in austerity. Using examples of care and support and mundane mobilities, I demonstrate how a relational approach extends current understandings of how austerity cuts through, across and between spaces.

The spaces of everyday life

2018 ◽  
Author(s):  
James Greenhalgh
Keyword(s):  
Twentieth Century ◽  
Working Class ◽  
Everyday Life ◽  
Lived Experience ◽  
Social Housing ◽  
Urban Governance ◽  
Spatial Practices ◽  
Individual Agency ◽  
The Social ◽  
Housing Estates

Building on the conclusions and individual agency highlighted in the last chapter, this chapter uses examples of the clashes between local government and inhabitants on the social housing estates of Manchester and Hull to show how the practices of everyday life could subvert and challenge the spatial practices of urban governance, shedding light on the lived experience and agency of the inhabitants of mid-twentieth-century social housing. Expectations about how certain spaces should function, what it was appropriate to do in them and the beneficial outcomes they were supposed to produce meant mapping certain expectations about how societies and individuals interacted onto places like parks, grass verges or community centres. Corporations’ and planners’ perceptions of how space should function is thus used here to demonstrate how spatial policies evidenced governmental anxieties over working-class association, concerns about suburban anomie and a growing disquiet about youth and delinquency.

European Welfare State Constitutions after the Financial Crisis

2020 ◽  
Keyword(s):  
Financial Crisis ◽  
Structural Changes ◽  
Social Protection ◽  
Welfare States ◽  
Constitutional Review ◽  
State Constitutions ◽  
Social Law ◽  
European Welfare State ◽  
One Step ◽  
Recent Financial Crisis

At a time when Europe is in the grip of a new crisis, it is especially useful to look back at the experiences of the European welfare states’ constitutions during the most recent financial crisis. This book provides unique insights by analysing social protection reforms undertaken in nine European countries, from both a social law and a constitutional law perspective. It highlights the mixture of short-term cuts in benefits and of structural changes in social protection schemes. The crisis might have helped to further the partial and temporary implementation of reforms, but it certainly cannot spare us from the debates and political compromises that are unavoidable in order to reform social protection thoughtfully and thoroughly. Moreover, the book records the outcome of relevant constitutional review proceedings and thereby demonstrates that, even if corrections remained restricted to relatively few cases, social rights matter. The financial crisis advanced their protection one step further, but left many questions open. One lesson is of paramount importance, also for helping us overcome the current pandemic crisis: we need a substantial and commonly accepted agreement in the Europe Union on how to balance the economy and social protection in the future.

scholarly journals Assessing the sustainable nature of housing-related taxation receipts: the case of Ireland

2016 ◽  
Vol 9 (2) ◽  
pp. 193-214 ◽  
Author(s):  
Diarmaid Addison Smyth ◽  
Kieran McQuinn
Keyword(s):  
Financial Crisis ◽  
Housing Market ◽  
Extended Period ◽  
Market Regulation ◽  
Content Type ◽  
Public Finances ◽  
Financial Market Regulation ◽  
The Public ◽  
Recent Financial Crisis ◽  
Run Up

Purpose The Irish fiscal position was significantly affected by the recent financial crisis. Budgetary surpluses quickly gave way to significant deficits post 2007, culminating into a lengthy excessive deficit procedure and entry into a formal EU/IMF assistance programme in 2010. Much of the deterioration in the public finances was caused by a sharp decline in property-related taxes because the Irish housing market rapidly contracted. In this paper, the authors quantify the extent to which disequilibria in the housing market can affect the tax take, finding significant implications over an extended period. Design/methodology/approach The authors attempt to quantify the extent of housing-related tax windfall gains and losses in Ireland over a 30-year period as a result of disequilibrium in the housing market. This involves a three-step modelling approach where we relate property-dependent taxes to the housing market while estimating equilibrium in the latter before solving for the tax take consistent with that equilibrium. In so doing, the authors find that the fiscal position compatible with equilibrium in the housing market has at times diverged greatly from actual outturns. Findings This paper confirms the significant role played by the housing market in influencing both the tax-take and the overall fiscal position. The authors find that there have been a number of instances where excesses in the housing market have spilled over into fiscal aggregates, notably in the housing bubble period between 2003 and 2008. However, with the on-going adjustments in the housing market, it would appear that prices and volumes have overcorrected in recent years. Overall, much greater emphasis should be given to the role of the housing market in forecasting key taxation aggregates. Originality/value The recent crisis highlighted how domestic policy mistakes (both in terms of budgetary planning and financial market regulation) can greatly amplify economic shocks. Irish budgetary policy in the run up to the financial crisis of 2008/2009 was clearly based on unsustainable levels of housing-related tax receipts. This paper highlights the need for a much more granular approach in framing tax forecasts and in assessing the public finances by more explicitly factoring in housing market developments.

scholarly journals The Benefits of Conservative Accounting to Shareholders: Evidence from the Financial Crisis

2013 ◽  
Vol 27 (2) ◽  
pp. 319-346 ◽  
Author(s):  
Bill Francis ◽  
Iftekhar Hasan ◽  
Qiang Wu
Keyword(s):  
Financial Crisis ◽  
Firm Value ◽  
Governance Mechanism ◽  
Current Crisis ◽  
Stock Performance ◽  
Conservative Accounting ◽  
Alternative Measures ◽  
Recent Financial Crisis ◽  
And Control ◽  
Jel Classifications

SYNOPSIS Using the recent financial crisis as a natural quasi-experiment we test whether, and to what extent, conservative accounting affects shareholder value. We find that there is a significantly positive and economically meaningful relation between conservatism and firm stock performance during the current crisis. The result holds for alternative measures of conservatism and is validated in a series of robustness checks. We further find that the relation between conservatism and firm value is more pronounced for firms with weaker corporate governance or higher information asymmetry. Overall, our paper complements LaFond and Watts (2008) by providing empirical evidence to their argument that conservatism is an efficient governance mechanism to mitigate information risk and control for agency problems, and that shareholders benefit from it. JEL Classifications: M41; M48; G01.

The Impact of Policy Decisions on Global Liquidity During the Recent Financial Crisis

2015 ◽  
Vol 20 (2) ◽  
pp. 178-189
Author(s):  
Sait Satiroglu ◽  
Emrah Sener ◽  
Michael Shafer ◽  
Yildiray Yildirim
Keyword(s):  
Financial Crisis ◽  
Policy Decisions ◽  
Global Liquidity ◽  
Recent Financial Crisis ◽  
The Impact
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