scholarly journals Empowering Market-Based Finance: A Note on Bank Bailouts in the Aftermath of the North Atlantic Financial Crisis of 2007

2016 ◽  
Vol 6 (1) ◽  
pp. 79-84 ◽  
Author(s):  
Yuri Biondi
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
North Atlantic ◽  
Financial Systems ◽  
Financial Architecture ◽  
The North ◽  
The North Atlantic ◽  
Market Driven ◽  
Bank Bailouts ◽  
Financial Organisation

Abstract The North Atlantic Financial Crisis of 2007 did suddenly and massively disrupt the activities of financial markets and financial institutions that were organised under a market-based financial architecture at local and international levels. Both corporate and public policies were at the origin of this financial organisation that was established since the seventies and put at issue by this crisis. Finance and government were then as much complementary as rival actors throughout this market-driven transformation of local and international financial systems. Bank bailouts of 2007–2008 may be situated in this comprehensive and historical pattern, and embedded in the institutional structure that was designed and implemented to organise trans-national financial markets and financialisation.

scholarly journals Hard cash, easy credit, fictitious capital: Critical reflections on money as a fetishised social relation

2015 ◽  
Vol 1 (1) ◽  
pp. 20-37 ◽  
Author(s):  
Bob Jessop
Keyword(s):  
Financial Crisis ◽  
North Atlantic ◽  
Social Relation ◽  
Minor Role ◽  
The North ◽  
Fictitious Capital ◽  
Key Concepts ◽  
The North Atlantic ◽  
A Minor

This article explores some aspects of money as a social relation. Starting from Polanyi, it explores the nature of money as a non-commodity, real commodity, quasi-commodity, and fictitious commodity. The development of credit-debt relations is important in the last respect, especially in market economies where money in the form of coins and banknotes plays a minor role. This argument is developed through some key concepts from Marx concerning money as a fetishised and contradictory social relation, especially his crucial distinction, absent from Polanyi, between money as money and money as capital, each with its own form of fetishism. Attention then turns to Minsky’s work on Ponzi finance and what one might describe as cycles of the expansion of easy credit and the scramble for hard cash. This analysis is re-contextualised in terms of financialisation and finance-dominated accumulation, which promote securitisation and the autonomisation of credit money, interest-bearing capital. The article ends with brief reflections on the role of easy credit and hard cash in the surprising survival of neo-liberal economic and political regimes since the North Atlantic Financial Crisis became evident.

The Currents of the North Atlantic

1892 ◽  
Vol 34 (872supp) ◽  
pp. 13940-13941
Author(s):  
Richard Beynon
Keyword(s):  
North Atlantic ◽  
The North ◽  
The North Atlantic

NATO adaptation to current challenges and mechanisms of Ukraine’s cooperation with the North Atlantic Treaty Organization

2019 ◽  
pp. 73-81
Author(s):  
Oleh Poshedin
Keyword(s):  
North Atlantic ◽  
Task Force ◽  
Response Force ◽  
Cyber Attack ◽  
Adaptation Measures ◽  
Joint Force ◽  
Security Environment ◽  
The North ◽  
The North Atlantic ◽  
Area Of Influence

The purpose of the article is to describe the changes NATO undergoing in response to the challenges of our time. Today NATO, as a key element of European and Euro-Atlantic security, is adapting to changes in the modern security environment by increasing its readiness and ability to respond to any threat. Adaptation measures include the components required to ensure that the Alliance can fully address the security challenges it might face. Responsiveness NATO Response Force enhanced by developing force packages that are able to move rapidly and respond to potential challenges and threats. As part of it, was established a Very High Readiness Joint Task Force, a new Allied joint force that deploy within a few days to respond to challenges that arise, particularly at the periphery of NATO’s territory. NATO emphasizes, that cyber defence is part of NATO’s core task of collective defence. A decision as to when a cyber attack would lead to the invocation of Article 5 would be taken by the North Atlantic Council on a case-by-case basis. Cooperation with NATO already contributes to the implementation of national security and defense in state policy. At the same time, taking into account that all decision-making in NATO based on consensus, Ukraine’s membership in the Alliance quite vague perspective. In such circumstances, in Ukraine you often can hear the idea of announcement of a neutral status. It is worth reminding that non-aligned status did not save Ukraine from Russian aggression. Neutral status will not accomplish it either. All talks about neutrality and the impossibility of Ukraine joining NATO are nothing but manipulations, as well as recognition of the Ukrainian territory as Russian Federation area of influence (this country seeks to sabotage the Euro-Atlantic movement of Ukraine). Think about it, Moldova’s Neutrality is enshrined in the country’s Constitution since 1994. However, this did not help Moldova to restore its territorial integrity and to force Russia to withdraw its troops and armaments from Transnistria.

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