scholarly journals The Post-COVID-19 Future: State Capability in Ensuring Shared Prosperity

2022 ◽  
Vol 14 (1) ◽  
pp. 27-47
Author(s):  
Yan Vaslavskiy ◽  
Irina Vaslavskaya
Keyword(s):  
Financial Stability ◽  
Fundamental Problem ◽  
Social Distancing ◽  
Economic Problems ◽  
Future State ◽  
Nation States ◽  
Economic Downturns ◽  
The Future ◽  
Economic Balance

The coronavirus (COVID-19) pandemic has caused profound upheavals in national communities, from humanitarian disasters to unprecedented economic downturns. All the consequences of COVID-19 have made it necessary to understand the reasons for state inefficiency and its traditional functions of ensuring economic balance and financial stability in the period before COVID-19. In fact, inefficiency is a fundamental problem of modern socioeconomic systems. Only a violation of societal integrity can explain why economic isolation and social distancing managed to instantly destroy economic structures, cause a loss in confidence in governments by citizens and increase the potential for protest against the extraordinary actions of nation-states in the fight against COVID-19. At the end of 2020, there was universal agreement about a fundamentally uncertain post-COVID-19 reality. Many progressive specialists have expressed the opinion that the degree of future socioeconomic progress directly depends on the abilities of policymakers to prioritise societal integrity in solving economic problems and achieving the goal of shared prosperity in the future

Macroprudential Policy Instruments of Central Banks

2012 ◽  
pp. 32-47
Author(s):  
S. Andryushin ◽  
V. Kuznetsova
Keyword(s):  
Systemic Risk ◽  
Financial Stability ◽  
Financial System ◽  
Policy Instruments ◽  
Central Banks ◽  
Macroprudential Policy ◽  
Policy Studies ◽  
The Future ◽  
Financial Cycles

The paper analyzes central banks macroprudencial policy and its instruments. The issues of their classification, option, design and adjustment are connected with financial stability of overall financial system and its specific institutions. The macroprudencial instruments effectiveness is evaluated from the two points: how they mitigate temporal and intersectoral systemic risk development (market, credit, and operational). The future macroprudentional policy studies directions are noted to identify the instruments, which can be used to limit the financial systemdevelopment procyclicality, mitigate the credit and financial cycles volatility.

The Future State of the Investment Profession

CFA Magazine ◽  
2018 ◽  
Vol 29 (1) ◽  
pp. 6-7
Author(s):  
Ed McCarthy
Keyword(s):  
Future State ◽  
The Future

scholarly journals The future of financial markets and regulation: what strategy for Europe?

foresight ◽  
2014 ◽  
Vol 16 (2) ◽  
pp. 95-108 ◽  
Author(s):  
Jean-Baptiste Gossé ◽  
Dominique Plihon
Keyword(s):  
Financial Markets ◽  
Capital Market ◽  
Financial Stability ◽  
Design Methodology ◽  
Financial Integration ◽  
Content Type ◽  
Realistic Option ◽  
The Future ◽  
Unstable Environment ◽  
Insight Into

Purpose – This article aims to provide insight into the future of financial markets and regulation in order to define what would be the best strategy for Europe. Design/methodology/approach – First the authors define the potential changes in financial markets and then the tools available for the regulator to tame them. Finally, they build five scenarios according to the main evolutions observed on the financial markets and on the tools used by the regulator to modify these trends. Findings – Among the five scenarios defined, two present highly unstable features since the regulator refuses to choose between financial opening and independently determining how to regulate finance in order to preserve financial stability. Three of them achieve financial stability. However, they are more or less efficient or feasible. In terms of market efficiency, the multi-polar scenario is the best and the fragmentation scenario is the worst, since gains of integration depend on the size of the new capital market. Regarding sovereignty of regulation, fragmentation is the best scenario and the multi-polar scenario is the worst, because it necessitates coordination at the global level which implies moving further away from respective national preferences. However, the more realistic option seems to be the regionalisation scenario: this level of coordination seems much more realistic than the global one; the market should be of sufficient size to enjoy substantial benefits of integration. Nevertheless, the “European government” might gradually increase the degree of financial integration outside Europe in line with the degree of cooperation with the rest of the world. Originality/value – Foresight studies on financial markets and regulation are quite rare. This may be explained by the difficulty to forecast what will be their evolution in the coming decades, not least because finance is fundamentally unstable. This paper provides a framework to consider what could be the best strategy of regulators in such an unstable environment.

Between Two Worlds: Europe in a Globalizing Era

2002 ◽  
Vol 37 (3) ◽  
pp. 343-358 ◽  
Author(s):  
Anthony McGrew
Keyword(s):  
Necessary Conditions ◽  
Political Order ◽  
Political Life ◽  
Nation States ◽  
The Future

Globalization – Simply The Growing Intensity, Extent And deepening impact of worldwide interconnectedness – poses anew the classic questions of political life, namely: who rules, by what means, in whose interests and to what purpose? This is not to suggest, as some do, that the forces of globalization are eclipsing sovereign states but it is to acknowledge that the necessary conditions for sovereign and democratic self-government are undergoing a significant transformation. This is especially evident in Europe where, at the great intersection of regionalism and globalism, a novel continental political order is crystallizing: not quite federalism in its orthodox form but clearly something more than classic intergovermentalism. Caught between two worlds – a Europe of nation-states and a Europe of Citizens to use Joschka Fischer's construction – the future political trajectory of the continent, in part, will depend upon how effectively regionalism mediates the dynamics of globalism and localism.

International Human Rights, Religious Pluralism and the Future of Chieftaincy in Ghana

Exchange ◽  
2006 ◽  
Vol 35 (4) ◽  
pp. 360-382 ◽  
Author(s):  
Abamfo Atiemo
Keyword(s):  
Human Rights ◽  
Religious Pluralism ◽  
Local Governance ◽  
Religious Commitment ◽  
Nation State ◽  
Nation States ◽  
The Future ◽  
New Nation ◽  
Religious Reasons ◽  
Customary Practices

AbstractA revolutionary development that resulted from Africa's experience of colonialism was the emergence of the nation-state made up of previously separate ethnic states. By the end of the colonial period the rulers of these ethnic states — the chiefs — had lost most of their real political and judicial powers to the political leaders of the new nation-states. But in spite of the loss of effective political power the chiefs continued to wield moral influence over members of their ethnic groups. The limited reach of the nation-state in the post-colonial era has also meant a dependence on the chiefs, in many cases, for aspects of local governance. This, for example, is the case of Ghana. However, in the modern context of religious pluralism the intimate bond between the chiefs and the traditional religion exacerbates tension in situations of conflict between people's loyalty to the traditional state and their religious commitment. In some cases, chiefs invoke customary laws in attempt to enforce sanctions against individuals who refuse to observe certain customary practices for religious reasons. But this has implications for the human rights of citizens. This article discusses the implications of this situation for the future of chieftaincy as well as prospects for the protection of the human rights of citizens who for religious reasons choose to stay away from certain communal customary practices.

A New Sharpshooter Threatens Both Crops and Ornamentals

2000 ◽  
Vol 1 (1) ◽  
pp. 4 ◽  
Author(s):  
Matthew J. Blua ◽  
Phil A. Phillips ◽  
Richard A. Redak
Keyword(s):  
Host Range ◽  
Potential Distribution ◽  
Xylella Fastidiosa ◽  
New Disease ◽  
Leaf Scorch ◽  
Economic Problems ◽  
The Future ◽  
Different Strains ◽  
Large Host ◽  
Almond Leaf Scorch

The glassy-winged sharpshooter (Homalodisca coagulate), an insect that has recently invaded California, and the smoke tree sharpshooter (Homalodisca lacerta) are creating serious new economic problems in both agricultural and ornamental plantings. The greatest threats surround their ability to spread the plantpathogenic bacterium Xylella fastidiosa, which induces Pierce's disease in grapevines, almond leaf scorch disease, and a new disease known as oleander leaf scorch. Because of the potential distribution and large host range of the glassywinged sharpshooter, other diseases caused by different strains of X. fastidiosa may have an even greater impact on the state's agricultural and ornamental landscape industries in the future. Posted 27 June 2000.

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