scholarly journals A Schematic View of Government as a Regulator and Insurer of the Financial System

2021 ◽  
Vol 7 (2) ◽  
pp. p54
Author(s):  
Henri-Paul Rousseau
Keyword(s):  
Central Bank ◽  
Financial Institutions ◽  
Public Debt ◽  
Financial Crises ◽  
Financial System ◽  
Financial Sector ◽  
The Government ◽  
High Level ◽  
Over Time

The purpose of this paper is to present a schematic of the interactions between the government as the REGULATOR of financial institutions and the government as the INSURER of financial institutions while considering the long-term feedback relationships between the size and the scope of the financial sector and the level of public debt resulting from financial crises over time. The analysis concludes that at certain high level of public debt and size of the expected support of the financial sector by the government, the regulator and/or the central bank may have to “stabilize” the situation, but there may be cases where the support becomes socially “unacceptable”.

scholarly journals The Importance of the Public Sector in Sustainable Development in Poland

2018 ◽  
Author(s):  
Agnieszka Alińska ◽  
Beata Zofia Filipiak ◽  
Aneta Kosztowniak
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Public Sector ◽  
Natural Resources ◽  
Financial Institutions ◽  
Financial Sector ◽  
Public Authorities ◽  
The Public ◽  
The Government

The striving for sustainable development has become the goal of actions undertaken not only by representatives of public authorities and institutions representing this sector, but also representatives of private entities who are increasingly recognizing the benefits and sources of long-term development based on the principles and objectives of sustainable development. These are mainly based on the pursuit of synergy in the three basic areas of activities, i.e., in the economic, social, and environmental dimensions as well as in the maintenance of natural resources. The implementation of these activities is connected with the necessity of incurring financial expenditures, which the government (public sector) does not have in the required value. Therefore, in the process of sustainable development for which the government is responsible, the active participation of the financial sector (banks) is necessary. Achieving results within the alliance of the concept of sustainable development requires the setting of a kind of contract, the parties of which are the government, society, and financial institutions. The purpose of the conducted research is to indicate by which means the government can stimulate economic growth towards its sustainable development. 

scholarly journals The Importance of the Public Sector in Sustainable Development in Poland

2018 ◽  
Vol 10 (9) ◽  
pp. 3278 ◽  
Author(s):  
Agnieszka Alińska ◽  
Beata Filipiak ◽  
Aneta Kosztowniak
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Public Sector ◽  
Natural Resources ◽  
Financial Institutions ◽  
Financial Sector ◽  
Public Authorities ◽  
The Public ◽  
The Government

The striving for sustainable development has become the goal of actions undertaken not only by representatives of public authorities and institutions representing this sector, but also representatives of private entities who are increasingly recognizing the benefits and sources of long-term development based on the principles and objectives of sustainable development. These are mainly based on the pursuit of synergy in the three basic areas of activities, i.e., in the economic, social, and environmental dimensions as well as in the maintenance of natural resources. The implementation of these activities is connected with the necessity of incurring financial expenditures, which the government (public sector) does not have in the required value. Therefore, in the process of sustainable development for which the government is responsible, the active participation of the financial sector (banks) is necessary. Achieving results within the alliance of the concept of sustainable development requires the setting of a kind of contract, the parties of which are the government, society, and financial institutions. The purpose of the conducted research is to indicate by which means the government can stimulate economic growth towards its sustainable development.

scholarly journals Alliance of Financial Institution and Government in Sustainable Development: The Case of Poland

2018 ◽  
Author(s):  
Agnieszka Alinska ◽  
Beata Zofia Filipiak ◽  
Aneta Kosztowniak
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Public Sector ◽  
Natural Resources ◽  
Financial Institutions ◽  
Financial Institution ◽  
Financial Sector ◽  
Public Authorities ◽  
The Government

The striving for sustainable development has become the goal of actions undertaken not only by representatives of public authorities and institutions representing this sector, but also representatives of private entities who are increasingly recognizing the benefits and sources of long-term development based on the principles and objectives of sustainable development. These are mainly based on the pursuit of synergy in the three basic areas of activities, i.e., in the economic, social, and environmental dimensions as well as in the maintenance of natural resources. The implementation of these activities is connected with the necessity of incurring financial expenditures, which the government (public sector) does not have in the required value. Therefore, in the process of sustainable development for which the government is responsible, the active participation of the financial sector (banks) is necessary. Achieving results within the alliance of the concept of sustainable development requires the setting of a kind of contract, the parties of which are the government, society, and financial institutions. The purpose of the conducted research is to indicate by which means the government and the financial sector can stimulate economic growth towards its sustainable development.

scholarly journals Denmark

2020 ◽  
Vol 20 (254) ◽  
Author(s):  
Keyword(s):  
Central Bank ◽  
Foreign Exchange ◽  
Financial Institutions ◽  
Financial Stability ◽  
Financial System ◽  
Financial Sector ◽  
Bond Markets ◽  
Money Markets

The functioning of money markets, FX swaps markets and in particular covered bond markets are crucial for the Danish financial system. Liquidity conditions in the Danish financial sector are affected by central bank operations and the lending and funding activities of financial institutions. Nearly 100 percent of the mortgage funding is obtained from market sources, using mainly domestically issued covered bonds. Correspondingly, money markets and foreign exchange (FX) swap markets are crucial to the credit intermediation process and a dislocation in these markets—the inability of financial institutions to roll over or obtain new funding or hedging positions—may have significant consequences for financial stability. Against this background, this note analyzes core funding markets for Danish banks and assesses Danmarks Nationalbank’s (DN’s) capacity to manage systemic liquidity conditions in normal times and in times of stress.

scholarly journals Financial system and growth and economic development

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 160-170
Author(s):  
Małgorzata Hala
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Financial Institutions ◽  
Financial System ◽  
Financial Sector ◽  
Real Sector ◽  
The Real ◽  
State And Local ◽  
The Impact

The aim of the article is to present the role of the financial system in economic growth and development. The first part presents the traditional understanding of the relationship between the economic system and economic growth. The second part presents the experience of financial crises and their impact on the conversation on the mutual relations between the financial sector and the real sector. The third part shows the role of the state in the financial system. The article describes the arrangement of interrelated financial institutions, financial markets and elements of the financial system infrastructure.  It shows what part of the economic system the financial system is, and whether it enables the provision of services allowing the circulation of purchasing power throughout the economy. The article presents the important role of the financial system, the role related to the transfer of capital from entities with savings to entities that need capital for investments. It shows the financial system as a set of logically related organizational forms, legal acts, financial institutions and other elements enabling entities to establish financial relations in the real sector and the financial sector, and this system forms the basis of activity for entities using money, enabling the conclusion of various economic transactions, in which money performs various functions. The article also presents the concept of a financial crisis as a situation in which there are rapid changes in the financial market, usually associated with insufficient liquidity or insolvency of banks or financial institutions, and as a result, a decrease in production or its deepening. The article also includes issues related to the impact of public authorities (state and local authorities) on the financial system in the economy.

scholarly journals Monetary policy change of the Central bank of Poland

2015 ◽  
Vol 15 (3) ◽  
pp. 246-259
Author(s):  
Ireneusz Kraś
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Central Bank ◽  
Policy Change ◽  
Financial System ◽  
Financial Statements ◽  
Democratic Character ◽  
National Bank ◽  
The Republic ◽  
The Government

Abstract The National Bank of Poland is an institution which, in conjunction with the government is responsible for the implementation of country’s economic policy reinforces its democratic character. Provisions of its operation are governed by the Constitution of The Republic of Poland and by the Act on the National Bank of Poland. To this end, the objective of the present research is to analyse the proposed amendments in the Act on the NBP. The latter concerns the amendment procedures, term of office and the rotations and numbers of Monetary Policy Council. The remaining part of the analyses is dedicated to the issue of dismissal of a MPC’s member in conjunction with the prohibition of occupying other positions, the adoption of the NBP’s financial statements and the separation of instruments of monetary policy’s instruments for stability of domestic financial system. Introduced changes in the proposed draft reduce the independence of the NBP while making it more subject to the Cabinet. Following the result of further consultations on the draft of Act on the NBP, provisions which reduce the independence of the NBP shall be partially removed.

The Investment Manager

2020 ◽  
pp. 275-295
Author(s):  
Einar Lie
Keyword(s):  
Central Bank ◽  
Financial Stability ◽  
Market Value ◽  
Central Banks ◽  
Rapid Expansion ◽  
Financial Wealth ◽  
Investment Manager ◽  
The Government ◽  
Traditional Roles

This chapter assesses how the management of the nation’s long-term savings in what is now the Government Pension Fund Global brought Norges Bank a brand new responsibility from the mid-1990s, and an unusual one for a central bank. While many central banks have historically played an important part in contributing to government financing and investing government debt in liquid securities, this had never been one of Norges Bank’s main roles. Indeed, one of the key aims of the acts of 1816 and 1891 was to prevent the government from funding itself through the central bank. From the mid-1990s, however, Norges Bank was in a way given the opposite task: a separate mandate to manage the country’s financial wealth on behalf of the government by investing it abroad in long-term bonds, shares, and eventually real estate. Within twenty years, thanks to high oil prices and substantial inflows from the government, the fund’s market value soared from nothing to around NOK 7 trillion. In recent years, the fund’s rapid expansion and financial importance have brought Norges Bank—and Norway—at least as much international attention as the bank’s more traditional roles in monetary policy and financial stability.

Farmers' attitudes towards sustainable agriculture issues and environmental quality in a selected area of Bangladesh

1999 ◽  
Vol 14 (1) ◽  
pp. 22-29 ◽  
Author(s):  
M. Z. Rahman ◽  
H. Mikuni
Keyword(s):  
Agricultural Development ◽  
Management Practices ◽  
Productivity Loss ◽  
Favorable Attitude ◽  
Agricultural Technologies ◽  
Aquatic Life ◽  
The Government ◽  
The Individual ◽  
High Level

AbstractThe sustainability issues associated with agricultural development are a growing concern worldwide. This study focussed on farmers' attitudes about environmental degradation and long term productivity loss that may result from implementation of modern agricultural technologies. The study was conducted in a selected area of Bangladesh and field level data were collected from the sampled farmers through personal interviewing. Findings revealed that more than two-thirds of the farmers confronted either a medium or high level of environmental problems due to intensive cultivation. Their main concerns were stress on soil fertility, loss of essential aquatic life, and reduction of earthworms and other beneficial organisms in soil. The farmers' recommended solutions were production of high yielding crop varieties with conservation management practices, and the balanced use of chemical fertilizers and organic manures. To apply these techniques, the top expectation of the farmers was to receive subsidies for agricultural inputs, and get easy-term credit from the government or non-government organizations. Interestingly, just half the farmers in the study area possessed a less than favorable attitude towards sustainability issues of agricultural development. In other words, to them these issues were of low or marginal priority. Only 6% of them expressed a highly favorable attitude (high priority) and 44% expressed a moderate attitude. Based on correlations, the individual farmer's age, education, family size, organizational participation, television exposure, communication behavior and environmental problem confrontation were identified as the main determinants of their attitudes about sustainability issues. Hence, these factors should be considered when formulating programs and policies for agriculture development that aim for long-term sustainability.

Growing without Pains? Explaining Liberal Democrat MPs' Behaviour

2009 ◽  
Vol 11 (2) ◽  
pp. 259-279 ◽  
Author(s):  
Matt Cole
Keyword(s):  
Group Composition ◽  
National Party ◽  
Short Term ◽  
Contextual Data ◽  
Liberal Democrats ◽  
Composition Structure ◽  
High Level ◽  
Over Time

Recent academic studies and wider commentary on the behaviour of Liberal Democrat MPs have recognised their relatively high level of cohesiveness on whipped votes when compared to that of Labour and the Conservatives, and to the Liberal Democrats' own reputation; but while this trend continues, few studies have focused upon its causes. This article uses the MPs' voting records, personal papers, interviews and wider contextual data to chart the extent of that unity over time, and to explore its origins, including group composition, structure, patronage, relations with the extra-parliamentary party and other parties as well as national party image. It finds the key to this unity in a combination of medium and long-term features of the Liberal and Liberal Democrat group of MPs, rather than a short-term singular determinant.

The Nirex Coherent Approach to Achieving Criticality Safety

2003 ◽  
Author(s):  
P. Wood ◽  
M. Askarieh ◽  
P. Lock
Keyword(s):  
Control Process ◽  
Fissile Material ◽  
Objective Evidence ◽  
Safety Assessments ◽  
The Government ◽  
Environmentally Sound ◽  
The Uk ◽  
High Level ◽  
Criticality Safety

The role of Nirex is to provide the UK with safe, environmentally sound and publicly acceptable options for the long-term management of radioactive materials. This will include all intermediate-level waste and some low-level waste (ILW and LLW). Nirex has developed a Phased Disposal Concept based on conditioning the wastes then isolating them deep underground. Based on this phased disposal concept, Nirex advises waste producers on the conditioning and packaging of radioactive waste. The ILW and LLW which comprise the ‘reference volume’ of the Phased Disposal Concept contain approximately 5 t Pu-239 and 28 t U-235. Nirex’s work is based on a number of standards for safety and environmental protection set by the Government. Three different Regulators ensure application of these standards in the transport, operation and post-closure phases. Therefore a coherent approach to criticality safety is required. The approach to criticality safety begins by avoiding criticality resulting from the way in which the waste is packaged, by controlling the package design including the level of fissile material. The concept safety assessments will support a screening level of approximately 5 g Pu-239 equivalent. In specific cases where waste producers indicate that their proposed packages will not comply with the screening level, package-specific criticality safety assessments can be incorporated into the concept through the change control process. Engineering measures are available to prevent criticality for such time as the waste packaging affords a high level of containment. In the long term, however, after deterioration of the physical containment provided by the waste packages, there would be the possibility of movement of fissile material out of the waste packages and subsequent accumulation into new configurations which could in principle lead to a criticality. It is conceivable that a criticality could adversely impact on the performance of a repository after closure because, for example, of the heat that would be produced affecting the engineered barriers. It is therefore necessary to consider the post-closure criticality safety of the repository concept. Nirex is currently undertaking a programme of work on ‘understanding criticality under repository conditions’. The aim of the programme is to obtain a better understanding of the processes that would control the nature and magnitude of a criticality under the particular conditions of the concept repository. An essential component of demonstrating criticality safety is to ensure waste packagers develop operating arrangements, and provide objective evidence in the form of criticality compliance assurance documentation, to demonstrate how fissile material will be controlled to meet levels defined in concept criticality safety assessments. This paper will describe the coherent approach and the processes by which it is applied.

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