Accepting the Challenges of the Ongoing Financial Crisis and Global Market Integration: Highlighting the Critical Role of Cooperative Finance for Sustainability

2010 ◽  
Author(s):  
Rania A. Azmi
2021 ◽  
Vol 25 (3) ◽  
pp. 466-491
Author(s):  
Hayun Kusumah ◽  
Marwan Asri ◽  
Kusdhianto Setiawan ◽  
Bowo Setiyono

This study investigates the time-varying integration of stock markets from a global and regional perspective, the consequences of two major global financial crises, i.e., the Asian Financial Crisis and the subprime mortgage, and the Crisis triggered by COVID-19. We contribute to the growing amount of literature on market integration, especially on the role of regional to global market integration. Although regional integration encourages an acceleration of global integration, the effect of a regional factor is not uniform among regions. It is important to understand regional to global market integration and the consequences during the crises. This study employs time-series data from economic territories based on the Morgan Stanley Capital International (MSCI) Asia-Pacific classification. It introduces an alternative measurement of time-varying integration by considering the correlation of regional and global markets using a simple international model, equivalent to the capital asset pricing model (CAPM). The result shows that the market integrations are time-varying both globally and regionally. The domestic markets are affected by the global market and its regional market, as the role of a regional market emerges during the financial crisis period. We find the different responses of stock markets during the Covid-19 period as a dominant factor to exacerbate the market return globally. In the long run, the upward trend for the regional market integration in both developed and emerging markets is inherent to the global market integration.DOI: 10.26905/jkdp.v25i3.5822


2015 ◽  
Vol 61 (7) ◽  
pp. 1510-1536 ◽  
Author(s):  
J. Tyson Chatagnier ◽  
Kerim Can Kavaklı

The vast majority of the extant literature on trade and conflict focuses on bilateral trade to determine whether commerce has a pacifying effect upon pairs of states. We argue that this focus neglects a critical role of international trade: creating tension between states that sell similar goods to the global market. We consider this role explicitly and operationalize its effects empirically. Using commodity-level trade data from 1962 to 2000, we show that countries that produce and sell similar goods are generally more likely to fight, even after we take into account their bilateral trade ties and institutional membership in the global economic system. Our findings are robust to numerous alternative specifications and suggest a strong relationship between economic competition in the global market and military conflict between states.


2017 ◽  
Vol 6 (2) ◽  
Author(s):  
Taufik , , Taufik ◽  
Ade Priangani ◽  
Gede Endy Kumara ◽  
Gupta Gupta

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Adis Maksic ◽  
◽  
Selma Delalic ◽  
Adem Olovčić

Abstract: This paper situates the 2008 Global Financial Crisis into the wider historical context to argue that the roots of the crisis can be traced back to the dominant economic ideology in the West during the 1970s. It shows that the corresponding financial policies, implemented by the powerful western economies during the four decades that preceded the crisis, created an institutional framework that fostered financial irresponsibility and made the crisis all but inevitable. The paper also explores the ideas that led to the stabilization of the global market as well as the role of China in charting the way ahead. Ultimately, the discussion highlights the inherent tendency of neoliberal economic ideology to create market instabilities whose consequences for the global economy can be devastating.


2021 ◽  
Author(s):  
Yuanyuan Chen ◽  
Li Dong ◽  
Fuchang Deng ◽  
Yaqiang Cao ◽  
Yuanzheng Fu ◽  
...  

Abstract Background The large-scale applications of alumina nanoparticles (Al2O3-NPs), one of the most important NPs in the global market, is causing severe damages to the environment and human health. Our previous research has revealed a critical role of nanoparticle morphology (e.g., flake and rod) in determining the toxic potencies of Al2O3-NPs, where nanorods demonstrated a significantly stronger toxic response than that of nanoflakes. However, their underlying mechanisms have not been completely elucidated yet. In the present study, we evaluated and compared the potential toxicological mechanisms of two shapes of γ-Al2O3-NPs (flake versus rod) by measuring miRNAs and mRNAs profiles of astrocytes in rat cerebral cortex, ex vivo. Results Totals of 269 mRNAs and 122 miRNAs, 180 mRNAs and 116 miRNAs were differentially expressed after nanoflakes or nanorods exposure, respectively. Among them, 55 miRNAs (e.g., miR-760-5p, miR-326-3p, and miR-35) and 105 mRNAs (e.g., Kdm4d, Wdr62, and Rps6) showed the same trend between the two shapes. These miRNAs and mRNAs were mainly involved in apoptosis, inflammatory pathways (e.g., NF-kappa B), carcinogenic pathways (e.g., MAPK, p53, Notch, Rap1, and Ras), and cellular lipid metabolisms (e.g., glycerolipid metabolism, sphingolipid, and ether lipid metabolism). However, the remaining miRNAs and mRNAs either showed an opposite trend or only changed by a particular shape. Nanorods could specifically alter the changes of PI3K/Akt, AMPK and TNF pathways, cell cycle, and cellular senescence, while nanoflakes caused the changes of Toll and lmd signaling pathways. Conclusions In this study, we demonstrate that the toxicity of nanorods might be stronger than that of nanoflakes. And this study also demonstrates the critical role of morphology in nanotoxicity of nano-alumina and reveals its potential biomolecular mechanisms.


2008 ◽  
Vol 15 (2) ◽  
pp. 50-59 ◽  
Author(s):  
Amy Philofsky

AbstractRecent prevalence estimates for autism have been alarming as a function of the notable increase. Speech-language pathologists play a critical role in screening, assessment and intervention for children with autism. This article reviews signs that may be indicative of autism at different stages of language development, and discusses the importance of several psychometric properties—sensitivity and specificity—in utilizing screening measures for children with autism. Critical components of assessment for children with autism are reviewed. This article concludes with examples of intervention targets for children with ASD at various levels of language development.


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