scholarly journals Financial Crisis and Europe: An eventual post-scenario analysis

2016 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Mike Susan
Keyword(s):  
United Kingdom ◽  
Financial Crisis ◽  
Scenario Analysis ◽  
Great Recession ◽  
Critical Position ◽  
The Great Recession ◽  
The United Kingdom ◽  
Spending Cuts

It is a typical abstain of political strategists that you ought not release a decent emergency to squander. Seven years on from the beginnings of the worldwide money related emergency, we can make an evaluation of whether that saying was taken after. The reaction in Europe was generally one of expanded government obtaining, counterbalance by bundles of expense rises and spending cuts. The methodologies in France, Germany, Ireland, Italy, Spain and the United Kingdom have been in a few ways comparative, however essential contrasts in a critical position of assessments and cuts, in the zones focused on and in the sorts of family units influenced have permitted us to make some unmistakable inferences about the effect of the Great Recession.

By Design or by Default: Varieties of Neoliberal Urban Development

2016 ◽  
Vol 54 (2) ◽  
pp. 234-266 ◽  
Author(s):  
Timothy P. R. Weaver
Keyword(s):  
United States ◽  
United Kingdom ◽  
Urban Development ◽  
Great Recession ◽  
Urban Governance ◽  
The United States ◽  
The Great Recession ◽  
The United Kingdom ◽  
Policy Frameworks ◽  
Urban Level

With the onset of the Great Recession, it looked for a moment that neoliberalism had become vulnerable to challenges from the urban level. Yet, it appears that the neoliberal ideas, institutions, and policy frameworks continue to dominate urban governance. As such, there remains a need to develop interpretive frames through which to examine the construction and reproduction of urban neoliberalism. This article seeks to provide a historically grounded account of urban neoliberalization, which pays specific attention to how neoliberalism has been constructed ideologically, politically, and institutionally. Through a comparison of cases in the United Kingdom and the United States, I suggest that the respective alignment of ideas, institutions, and interests accounts for “the pace, extent, and character” of urban neoliberalization. I argue that the variation in the manner of urban neoliberalization may be captured through two key mechanisms: neoliberalism by design and neoliberalism by default.

scholarly journals Colombian-Spanish Migrants in London since the Great Recession

2021 ◽  
pp. 181-205
Author(s):  
Anastasia Bermúdez ◽  
Francisco J. Cuberos-Gallardo
Keyword(s):  
United Kingdom ◽  
Economic Crisis ◽  
Great Recession ◽  
Home Country ◽  
Social Experiences ◽  
The Great Recession ◽  
The United Kingdom ◽  
Political Interests ◽  
Colombian Spanish ◽  
Reversible Condition

This article discusses the (dis)integration processes of Colombian-Spanish migrants arriving in London since the 2008 economic crisis, as the background to understand their political attitudes and participation. It is based on data from qualitative quantitative fieldwork, complemented with statistical and bibliographical sources. From a transnational perspective that takes into account the home country and more than one destination, the results indicate that the context of the Great Recession in Spain and Brexit in the United Kingdom have had diverse impacts in migrants’ integration processes, which are appreciable in their remigration trajectories, work and social experiences, but also in their political interests, participation and ideologies. From this data, we confirm the need to interpret migrants’ complex mobilities and their political participation based on a broader conception of integration processes, which includes their multidimensional character and reversible condition, and reflects the growing diversity of (im)mobile political experiences in contexts of crises.

The Great Financial Crisis: an Ethical Rejoinder

2012 ◽  
Vol 33 (01) ◽  
pp. 19-32 ◽  
Author(s):  
David Charles Merrill
Keyword(s):  
Financial Crisis ◽  
Market Economy ◽  
Great Recession ◽  
Ethical Question ◽  
Heterodox Economics ◽  
Ethical Philosophy ◽  
The Great Recession ◽  
The Past ◽  
Modern Economy ◽  
Radical Reconstruction

The Great Financial Crisis that broke in 2008 and the Great Recession that followed has led many to question the very structure of contemporary economies. Some argue that the economic model of the past forty years is now broken. Criticism has also been directed at the orthodoxies of economics. For example, neoclassical equilibrium economics, the mainstream economics of the day, is accused of failing to understand some of the most basic aspects of the modern economy (debt and money), of supporting policies that have led to the economic breakdown (deregulation), and of failing to see the crisis coming (Bezemer 2012, Keen 2011). Consequently, heterodox thinking in economics is getting a hearing as never before. Heterodox economics offers itself as the requisite radical reconstruction of the science of economics and also proposes policies for the radical reconstruction of the major economics.Yet to talk of the reconstruction of the modern market economy is at the same time to raise the ethical question: what shape ought the market economy to take? Heterodox economics may acutely analyse the inadequacies of real economies and propose plausible reforms, but as an essentially descriptive science there will be limits on its ability to state what ought to be. Rather, what is required seems to be a systematic prescriptive ethics. In other words, recent events in the world of economics have provided an opening for what ethical philosophy should be best at providing. Determining whether a specific ethical philosophy, to be identified shortly, has the capacity to address the questions raised by heterodox economics is the task of this paper.

Are Busy Directors Harmful or Helpful? Evidence from the Great Recession

2018 ◽  
Vol 18 (2) ◽  
Author(s):  
Pradit Withisuphakorn ◽  
Pornsit Jiraporn
Keyword(s):  
Standard Deviation ◽  
Financial Crisis ◽  
Great Recession ◽  
Firm Value ◽  
Costs And Benefits ◽  
Governance Mechanisms ◽  
Great Caution ◽  
Crisis Period ◽  
The Great Recession

Abstract We contribute to the debate on the costs and benefits of busy directors by investigating the effect of busy directors on firm value during a stressful time, i. e. during the Great Recession. Our results show that busy directors improve firm value significantly during the financial crisis. In particular, a rise in directors’ busyness by one standard deviation results in an improvement in Tobin’s q by 6.41 %. Directors with multiple board seats appear to help firms navigate the crisis more successfully, supporting the notion that multiple board seats signal higher quality. Outside the crisis period, however, we find that busy directors reduce firm value, consistent with many prior studies. Our results are crucial as they show that governance mechanisms function differently during stressful times than they do during normal times. Firms should exercise great caution before imposing limits on outside board seats on their directors.

scholarly journals Financial shocks and inflation dynamics

2021 ◽  
pp. 1-29
Author(s):  
Angela Abbate ◽  
Sandra Eickmeier ◽  
Esteban Prieto
Keyword(s):  
Financial Crisis ◽  
Great Recession ◽  
Policy Implication ◽  
Vector Autoregressive Model ◽  
Financial Shocks ◽  
Trade Off ◽  
Vector Autoregressive ◽  
The Great Recession ◽  
Short Run ◽  
Dual Mandate

Abstract We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the “missing disinflation” during the Great Recession. We apply a Bayesian vector autoregressive model to US data and identify financial shocks through a combination of narrative and short-run sign restrictions. Our main finding is that contractionary financial shocks temporarily increase inflation. This result withstands a large battery of robustness checks. Negative financial shocks help therefore to explain why inflation did not drop more sharply in the aftermath of the financial crisis. Our analysis suggests that higher borrowing costs after negative financial shocks can account for the modest decrease in inflation after the financial crisis. A policy implication is that financial shocks act as supply-type shocks, moving output and inflation in opposite directions, thereby worsening the trade-off for a central bank with a dual mandate.

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