scholarly journals The impacts of the global economic crisis and its aftermath on the banking centres of Europe

2018 ◽  
Vol 27 (1) ◽  
pp. 35-49 ◽  
Author(s):  
Jiří Blažek ◽  
Tereza Hejnová ◽  
Hynek Rada
Keyword(s):  
Eastern Europe ◽  
Economic Crisis ◽  
Western Europe ◽  
Central And Eastern Europe ◽  
Banking Sector ◽  
The Other ◽  
National Market ◽  
Global Economic Crisis ◽  
European Banking ◽  
High Level

This paper aims to unravel the impacts of the global economic crisis upon European banking centres on the basis of the evolution of key economic indicators, such as total assets, profitability and the level of risk to the banking sector over the 2004–2015 period. Counterintuitively, the European leading banking centres (London, Paris and Frankfurt), despite their extensive exposure to capital markets, displayed a high level of resilience, which contrasts with the evolution of the other major Western European centres, which clearly lagged behind the European leaders. From a macro-regional perspective, banking centres in Western Europe exhibited the first signals of both the crisis and the recovery, which were subsequently diffused across Europe. Surprisingly, the profitability of low-ranking banking centres in Central and Eastern Europe remained the highest over the whole 2004–2015 period, as these banks operate predominantly within a regional (national) market. Overall, during the 2004–2015 period, London, Paris and Frankfurt clearly strengthened their dominance among European banking centres.

scholarly journals Against the Current

Poliarchia ◽  
2021 ◽  
Vol 3 (5) ◽  
pp. 93-131
Author(s):  
Emma Klever
Keyword(s):  
Eastern Europe ◽  
Identity Construction ◽  
Western Europe ◽  
Central And Eastern Europe ◽  
The Self ◽  
The Other ◽  
The European Union ◽  
Political Reality ◽  
Discourse Historical Approach ◽  
The Relationship

The political reality of the European Union is not reflected in the general discourse on the relationship between Western Europe and Central and Eastern Europe, which is characterized by an adverse attitude towards the latter. This impacts identity construction on the European level, where Central and Eastern Europe has long been regarded as the “Other” against which the European “self ” was defined. However, a new discourse on this relationship has emerged in literary works written by scholars and journalists that are able to take an overarching perspective. The present study analyses four publications to see how the relationship between Western Europe and Central and Eastern Europe is portrayed in terms of the self and the Other, employing the Discourse Historical Approach and a spectrum of the self and the Other perspectives. It emerges that the discussed authors share a discourse which respects differences, focuses on similarities as well as differences and shows an awareness of the interwovenness of the narratives of the self and the Other. This new, shared discourse holds directions for the further development of a European-wide discourse that includes the same notions of respect and the interwovenness of narratives, and which could in turn influence European identity construction.

scholarly journals Assessment of the Central and Eastern Europe Economies in the Years 2007-2010 Based on the Model of the Macroeconomic Stabilization Pentagon

Equilibrium ◽  
2013 ◽  
Vol 8 (4) ◽  
pp. 49-64 ◽  
Author(s):  
Dorota Żuchowska
Keyword(s):  
Economic Policy ◽  
Financial Crisis ◽  
Eastern Europe ◽  
Economic Crisis ◽  
Central And Eastern Europe ◽  
Economic Condition ◽  
Macroeconomic Stabilization ◽  
Global Economic Crisis ◽  
Macroeconomic Indicators ◽  
Insight Into

The model of the macroeconomic stabilisation pentagon allows for a quick insight into the most important macroeconomic indicators of an economy in question. On the basis of this concept - comparing pentagrams for particular years - changes of the economic condition of countries can be examined. Moreover, the analysis of each of the adopted criteria allows for the evaluation of achievement of particular goals by a country in terms of its economic policy. The aim of this article is to describe the condition of Central and Eastern Europe countries in the years 2007-2010. The economies analysed were compared at two levels. The first level concerned the macroeconomic situation of all economies in particular years just before and during the global economic crisis. At the second level, the changes in the analysed indicators in particular economies of Central and Eastern Europe were compared. The results of the analysis shall contribute to the formulation of conclusions concerning the influence of the financial crisis upon the macroeconomic situation of the CEE countries.

scholarly journals Crisis and change in industrial relations in Central and Eastern Europe

2017 ◽  
Vol 23 (1) ◽  
pp. 5-15 ◽  
Author(s):  
Anna Soulsby ◽  
Graham Hollinshead ◽  
Thomas Steger
Keyword(s):  
Eastern Europe ◽  
Economic Crisis ◽  
Western Europe ◽  
Central And Eastern Europe ◽  
Industrial Relations ◽  
Special Issue ◽  
The West ◽  
National Differences ◽  
Cross National

This article introduces the Special Issue on industrial relations in Central and Eastern Europe since the financial and economic crisis. Already dependent economically on funding from the west and lacking the robust industrial relations institutions traditional in much of Western Europe, countries in the region were particularly vulnerable. However, there are important cross-national differences, and the strategies of key actors have significantly affected the outcomes.

Conclusion

2017 ◽  
Author(s):  
Detlef Pollack ◽  
Gergely Rosta
Keyword(s):  
Eastern Europe ◽  
Western Europe ◽  
The Other ◽  
Market Model ◽  
Economic Prosperity ◽  
Economic Market ◽  
The Everyday ◽  
Economic Market Model ◽  
The One ◽  
Religious Landscape

The most important conclusions of this summarizing chapter are the following: The religious landscape of Eastern Europe is more diverse than that of Western Europe. The cases of Poland and the GDR confirm the hypothesis that there is a link between the diffusion of functions and the growth in the importance of religion. The strong processes of biographical individualization that occurred in the post-communist states did not necessarily intensify individual religiosity. The economic market model cannot be confirmed for Eastern Europe. There is in Eastern and Central Europe a demonstrable link between economic prosperity and the loosening of religious and church ties. What can act as a bulwark against the eroding effects of modernization is church activity on the one hand, and the everyday proximity, visibility, and concreteness of religious practices and rituals, symbols, images, and objects on the other.

Problems of Western Europe

1949 ◽  
Vol 11 (2) ◽  
pp. 153-169
Author(s):  
Bernard Wall
Keyword(s):  
Great Britain ◽  
United Nations ◽  
Economic Crisis ◽  
Western Europe ◽  
The Other ◽  
Common People ◽  
Western Nation ◽  
Other Hand ◽  
The Will ◽  
East And West

The following pages are based on the last six months of 1948 which the writer spent in England, France and Italy. During this period Marshall aid had begun to bear certain fruit. On the other hand the international situation, already bad at the opening of the period, had deteriorated cumulatively as time passed. The Berlin deadlock, a symbol of the will of East and West, continued as before; and not even the beginning of a solution was reached at the United Nations assembly in Paris in die autumn. All over Europe people were preoccupied widi the economic crisis; but also by the direat of a new war. A military committee composed of Great Britain, France and Benelux was formed in the autumn under the chairmanship of Marshal Montgomery. There remained problems about this committee's effectiveness as well as about the extent to which other proposals for Western union were practicable at present. While in each country in Western Europe common people and politicians are talking more about union than ever before, in practice separatist tendencies in each shrunken western nation are still at work and travel to, or independent contact with, neighboring countries is a far more difficult business today than it was in 1939.

Clusterization of post-communist countries of the Central and Eastern Europe by income inequality level

2021 ◽  
Vol 72 (5) ◽  
pp. 41-52
Author(s):  
T. Cherkashyna
Keyword(s):  
Income Inequality ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
National Income ◽  
Analysis Tool ◽  
Tax Rate ◽  
Low Level ◽  
The Third ◽  
High Level ◽  
Communist Countries

Using level of income inequality, the clustering of post-communist countries of the Central and Eastern Europe is carried out by the following indicators: Gini index, share in the national income of the second quintile group, share in the national income of the third quintile group, share in the national income of the fourth quintile group, share in the national income of 10% of the poorest, share in the national income of 20% of the richest.,Сluster analysis (k-means method), in the programming environment Statistica is used as analysis tool and five clusters are obtained. The first cluster includes 8 countries (Albania, Hungary, Poland, Bosnia and Herzegovina, Czech Republic, Сroatia, Russia, Slovakia) is characterized by sufficiently low level of income inequality and can be explained by flow of foreign investment and business transnationalization contributing to the increase of incomes of the main population groups of these countries. The second cluster includes 4 countries (Belarus, Slovenia, Ukraine, Moldova) and is characterized by comparatively low level of income inequality, but high level of property inequality due to heredity, аccumulated wealth та concentration of physical and financial capital by so called «oligarchic clans». The third cluster includes 5 countries (Bulgaria, Montenegro, Macedonia, Romania, Serbia) and is characterized by medium level of income inequality. The fourth and fifth clusters include so called «Baltic tigers» (Latvia, Lihuania, Estonia) and is characterized by high level of income inequality as the result of the occurrence of «excess profits» of financial assets owners. In order to decrease the income inequality in the investigated countries, the following measures are proposed: for the countries of the first cluster to accelerate deconcentration of capital ownership by «spaying» (redemption) of privatized enterprises shares by all categories on preferential terms (so called «ESOP programs»); for the countries of the second cluster to implement progressive tax scale where the tax rate for different groups of population vary depending on the income received and citizens with the lowest incomes (at the level of subsistence minimum or minimum wage) do not pay individual taxes at all; for the countries of the third cluster to cope with «shadow» economy and informal unemployment; for the counties of the fourth and fifth clusters to decrease tax burden on private entrepreneurs and thus stimulate self-employment.

scholarly journals Studi Komparatif Kinerja Bank Syariah Dan Bank Konvensional Dalam Menghadapi Krisis Global Berdasarkan Rasio Keuangan

2009 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Rohmawati Kusumaningtias
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Banking Sector ◽  
T Test ◽  
The Other ◽  
Other Hand ◽  
Better Than ◽  
Productive Employment

AbstractAt the time of financial crisis, one of the influential institutions in society is banking. Banking sector provide soft loans to create productive employment for the community. On the other hand, customers also need the liquidity from bank-ing. These stakeholders' needs can be met by looking at the performance of bank-ing. This study aims to determine differences in the performance of sharia banking and conventional banking during economic crisis. This study uses t-test to analyze the data. From the research, it was found that in general, the performance of conventional banking is better than sharia banking in the economic crisis.

scholarly journals The State of Rural Sociology as Presented in Four Periodicals – Rural Sociology, Sociologia Ruralis, Journal of Rural Studies, Eastern European Countryside

2013 ◽  
Vol 19 (1) ◽  
pp. 9-27 ◽  
Author(s):  
Grzegorz Zabłocki
Keyword(s):  
Eastern Europe ◽  
Rural Areas ◽  
Rural Population ◽  
Western Europe ◽  
World Wide ◽  
Central And Eastern Europe ◽  
Rural Sociology ◽  
Eastern European ◽  
Social Phenomena ◽  
Rural Studies

Abstract This article is an analysis of differences and similarities between four Englishlanguage journals on rural sociology. The comparison covered topics discussed in about 600 articles published in the journals in the years 1995-2010 and the regional affiliation of their authors. In the comparison, all articles and texts on empirical research published in this period in Eastern European Countryside were considered. In total, 141 texts were published in this annual journal. Out of the three other journals (Rural Sociology, Sociologia Ruralis, Journal of Rural Studies) 50 articles for each of three periods: 1995-1996, 2002-2003, 2008-2009, were selected. Results of the comparison show that the journals have strictly regional profiles, and that present rural sociology does not seem to be the science on social phenomena in world-wide rural areas. Rural sociology used in the four studied journals does not develop the knowledge that would be useful in solving problems of the rural population. In the three journals under study (Rural Sociology, Sociologia Ruralis, Journal of Rural Studies) almost exclusively sociology of rural areas in Western Europe and Northern America was developed, and their contributors were almost always authors from the two regions. The fourth journal - Eastern European Countryside - was concerned, adequately to its title, with rural phenomena in Central and Eastern Europe

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