Book Reviews

2019 ◽  
Vol 57 (3) ◽  
pp. 702-704

Kim Oosterlinck of Université Libre de Bruxelles reviews “Financial Elites and European Banking: Historical Perspectives,” edited by Youssef Cassis and Giuseppe Telesca. The Econlit abstract of this book begins: “Nine papers look at the role of financial elites in different European societies and markets over time, providing historical comparisons and cross-country analysis of their adaptation and contribution to the transformation of the national and international regulatory/cultural context in the wake of a crisis in a long-term perspective.”

Author(s):  
Telesca Giuseppe

The ambition of this book is to combine different bodies of scholarship that in the past have been interested in (1) providing social/structural analysis of financial elites, (2) measuring their influence, or (3) exploring their degree of persistence/circulation. The final goal of the volume is to investigate the adjustment of financial elites to institutional change, and to assess financial elites’ contribution to institutional change. To reach this goal, the nine chapters of the book introduced here look at financial elites’ role in different European societies and markets over time, and provide historical comparisons and country and cross-country analysis of their adaptation and contribution to the transformation of the national and international regulatory/cultural context in the wake of a crisis or in a longer term perspective.


2020 ◽  
Vol 11 (8) ◽  
pp. 1047-1056
Author(s):  
Brian W. Haas ◽  
Michelle R. vanDellen

Cultural context can affect how changes in self-concepts are either valued or tolerated. However, very little is currently known regarding how culture may differentially confer consequences to people that change their self-concepts over the course of several years. We investigated the moderating role of culture (Japan and USA) on the link between long-term (∼4 years) self-concept changes and a comprehensive set of well-being measures (hedonic, eudaimonic, and family based). We found that American’s self-concept instability was more negatively associated with one’s well-being and emotional support within one’s family than Japanese. Furthermore, Americans were particularly negatively impacted when they became less agentic and conscientious over time. One possible interpretation is that Western, individualistic cultures may discourage people from changing their identities throughout their adult life. Although American culture often espouses the sanctity of freedom, American culture may also limit people’s freedom to change how they see themselves over time.


The ambiguities of the globalized economy—epitomized by growing levels of inequality exacerbated by the 2007–8 financial debacle—have generated a feeling of disbelief towards experts and hostility towards elites. Financial elites, in particular, have become one of public opinion’s favourite targets because of their responsibilities in triggering the financial crisis, the very high compensations enjoyed before and after the 2008 Lehman collapse, and the relatively obscure nature of their activity. What has been the role played by financial elites (and financial experts) in different European societies and markets over time? What have been their links with other national/international elites? What has been their contribution to the recent financial collapse, and how does this compare to previous crises? How have financial elites adjusted to, or influenced, the process of evolution of the financial system’s regulatory framework over time? This book—a collection of chapters dedicated to the European financial elites—answers these questions through historical comparisons and country and cross-country case studies. The volume provides a timely contribution to the current debate on the role of financial elites/financial experts within society and the markets. The focus on European bankers complements the post-crisis literature mainly focused on American (or Anglo-Saxon) bankers and allows for a fruitful comparison between the two sides of the Atlantic Ocean.


2018 ◽  
Vol 33 (1) ◽  
pp. 70-83 ◽  
Author(s):  
Ben Eaton ◽  
Jonas Hedman ◽  
Rony Medaglia

The growing phenomenon of financialization influences an array of societal dimensions that go beyond the economic realm, to include public policy-making and information technology (IT). This study presents a cross-country analysis of the emergence of national electronic identification (e-ID) solutions as the result of interaction between the financial and the public sector in Denmark, Norway, and Sweden. Drawing on on-line sources, documents, and interviews with key actors in the three cases, we adopt a cross-disciplinary perspective by applying the lens of collective action theory to identify the role of interests, resources, and governance in the emergence of national e-ID solutions. Findings show that different governance solutions can emerge as the result of the convergence of interests and of interdependency of resources between the actors over time. We contribute to research on financialization and IT by proposing a dialectic process model and identifying five mechanisms that drive the process forward.


10.29007/5xsb ◽  
2018 ◽  
Author(s):  
Alicia Martínez-Flor ◽  
Esther Usó-Juan

Studies analysing the positive role of pragmatic instruction in formal settings have increased over the last decades. Within this area of interventional pragmatics, some studies have particularly examined whether the effectiveness of the instruction implemented is sustained over time. In order to shed more light on the long-term effects of instruction, this research investigates English as a Foreign Language learners’ use of complaining formulas not only after immediately receiving instruction, but also two months later. Results show that learners keep using a variety of appropriate complaining formulas two months after having participated in the instructional period. These findings are discussed and directions for future research suggested.


2012 ◽  
Vol 17 (4) ◽  
pp. 326-336 ◽  
Author(s):  
Irena Heszen

Temperament is probably an important factor that influences coping activity. The framework of the study was the Regulative Theory of Temperament by Strelau, where six temperamental traits are distinguished: emotional reactivity, perseveration, activity, briskness, sensory sensitivity, and endurance. These traits were hypothesized to be connected to coping activity in accordance with their psychological characteristics. It was also expected that the associations between temperament and coping activity should depend on stress intensity. Participants were 278 diabetics and 232 patients after first myocardial infarction (MI). The study was longitudinal and two diseases had been purposely selected so as to represent stress intensity either increasing (in diabetes) or decreasing (after MI) over time. Temperamental traits as well as coping activity components: cognitive appraisal, affect, and coping strategies were measured using self-report questionnaires. As hypothesized, temperamental traits were connected to coping activity. Phase-related changes in coping activity confirmed an increase in stress levels in diabetics, while cardiac patients tended to experience the situation as more challenging. While the expectation referring to the differential role of temperament under different levels of stress intensity was not confirmed, the connections of temperament with coping activity were found to decrease under long-term stress.


2019 ◽  
Author(s):  
Matthew E. Kahn ◽  
Kamiar Mohaddes ◽  
Ryan N. C. Ng ◽  
M. Hashem Pesaran ◽  
Mehdi Raissi ◽  
...  

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