Financial Crisis and the World Banking System. Edited by Forrest Capie and Geoffrey E. Wood. New York: St. Martin's Press, 1986. x + 270 pp. Charts, tables, notes, bibliography, and index. $29.95.

1988 ◽  
Vol 62 (1) ◽  
pp. 183-184
Author(s):  
Emily S. Rosenberg
Keyword(s):  
New York ◽  
Financial Crisis ◽  
Banking System ◽  
The World

The Role of Arbitration in Shipping Law

2016 ◽  
Keyword(s):  
New York ◽  
Financial Crisis ◽  
Dispute Resolution ◽  
Shipping Industry ◽  
Engineering Technology ◽  
Recent Emergence ◽  
The World ◽  
Made In

The financial crisis of 2007–08 saw a marked increase in global shipping disputes that is still being felt today. In recent decades, arbitration has emerged as the dominant choice of dispute resolution in the global shipping industry, with the establishment of major maritime arbitration centres in London and New York, and the recent emergence of new centres such as Singapore and China. At the same time, the immense advances that have been made and continue to be made in engineering, technology, and communications have led to the emergence of innumerable new trade practices, common understandings, and usages within which goods are carried by sea across the world, but which, because of the widespread use of alternative fora for dispute resolution, may be invisible to and unrecognized by domestic laws. This book asks: What are the implications of widespread use of arbitration for the continued development of shipping law? Are national laws on shipping destined to become ossified and obsolete? Is a new lex maritima emerging? And, most importantly, what is the role of the arbitral process in the evolution of shipping law?

scholarly journals Post-crisis financial intermediation

10.26458/1531 ◽  
2015 ◽  
Vol 15 (3) ◽  
pp. 9
Author(s):  
Ilie MIHAI ◽  
Cristian OPREA
Keyword(s):  
Financial Crisis ◽  
Financial Intermediation ◽  
Banking System ◽  
Private Capital ◽  
Regional Economies ◽  
Loan Portfolio ◽  
The Us ◽  
The World ◽  
Recent Financial Crisis ◽  
Economic And Financial Crisis

The recent financial crisis that begun in 2007 in the US, which then swept around the world, has left deep scars on the already wrinkled face of the global economy.Some national and regional economies, which had money for expensive makeup, or created money[1], managed to blur or hide the scars left by the crisis, others are still facing difficulties in overcoming the effects of this.The rapacity of banks, their greed and risk ignorance, were the origin of the outbreak of the last major economic and financial crisis but unfortunately those who were responsible or, rather, irresponsible, paid little or nothing at all for the burden of their bad loan portfolio. This cost has been supported by the population, either directly by paying high interest and fees [Mihai I., 2007], or indirectly, through the use of public budgets to cover the losses of banks, most of which had private capital. In this context, we intend to examine the state of financial intermediation in Romania in the post-crisis period, and to primarily follow: (i) The structure and evolution of the banking system; (ii) Non-government credit situation; (iii) The level of savings; (iiii) Loan-deposit ratio; (v) The degree of financial intermediation and disintegration phenomenon etc., and to articulate some conclusions and suggestions on the matters that have been explored. 

The World Economy

2008 ◽  
Vol 204 ◽  
pp. 9-14 ◽  
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
World Economy ◽  
Large Scale ◽  
Banking System ◽  
The Us ◽  
The World ◽  
English Speaking ◽  
English Speaking World ◽  
Mortgage Defaults

A financial crisis, rooted in US mortgage defaults, has been building for several years. Its effects have seriously damaged the prospects for the global economy, and have particularly serious consequences for the English speaking world. Unsound lending permitted by poor regulation and worsened by lax bankruptcy laws has led the US, and potentially the rest of the OECD, to the brink of a large-scale recession. The scale of the potential slowdown depends upon the scale of losses to the banking system and their impacts on the ability of the banking system to lend.

scholarly journals EFFECTS OF THE GLOBAL FINANCIAL CRISIS IN THE BANKING SYSTEM OF KOSOVO

2012 ◽  
Vol 2 (2) ◽  
pp. 30-38
Author(s):  
Myrvete Badivuku-Pantina ◽  
◽  
Anera Alishani ◽  
Keyword(s):  
Financial Crisis ◽  
Stock Prices ◽  
Financial Crises ◽  
Global Financial Crisis ◽  
Banking System ◽  
Mortgage Market ◽  
Western Balkans ◽  
The World ◽  
The Government ◽  
The Global Financial Crisis

Financial crises are phenomena that happened before and continue to happen even nowadays. There were many financial crises in the last century, starting with the Great Depression of 1929 and continuing with other financial crisis, and it was believed that people would learn from their previous experiences and would not allow the crisis to happen again. But the financial crisis of 2007, created the impression that no one wanted to learn for the real causes of their occurrence and consequences, often disastrous for countries and the globe, and as such allowed the crisis to be repeated. Effects of the 2007 financial crisis, which originally started in the USA’s mortgage market and which was quickly spread all over the world, even to this date it still continues to have effect on real economies of many states, e.g. Greece. The spread of the crisis was primarily due to globalization and commercial trades among countries. Because of the dependence of economies on one another it was created the domino effect and all the countries were affected from the crisis. As a result, the crisis seems to have revealed the disadvantages of globalization. Finances of the world were shocked and rapid fluctuations were reflected in the stock prices. Kosovo, as a new and small country in the Western Balkans is not much globalized and open which was beneficial in preventing it from being affected from the global financial crisis. Its economy has slightly felt the effect of the crisis because the banking system in Kosovo is not much open to the international financial markets as they operate mostly with their clients’ deposits. The purpose of this research is to assess the implications of the global financial crisis in the banking system of Kosovo, and also to identify the measures that the Central Bank and the Government should undertake in order to protect the economy from external implications.

scholarly journals THE OPEN INNOVATION MODEL: EXPLAINING THE FACTORS THAT HINDER ITS IMPLEMENTATION IN THE ALBANIAN BANKING SYSTEM

2013 ◽  
Vol 1 ◽  
pp. 69-74
Author(s):  
Besarta Vladi
Keyword(s):  
Financial Crisis ◽  
Open Innovation ◽  
Banking Sector ◽  
Banking System ◽  
Executive Directors ◽  
Short Term ◽  
Great Opportunity ◽  
Lack Of Information ◽  
The World ◽  
Innovation Model

The implementation of an open innovation model is considered by many researchers, to be a great opportunity to help profit-making organizations become more competitive and successful. But some sectors, such as the banking sector, are not able to apply this model. In the Albanian banking sector, the concept of an open innovation model is almost unknown to executive directors. The question is: Why does this happen? The implementation of an open innovation model is strongly affected by cost, short term focus, legislative problems, lack of information, and frequently by a lack of interest in cooperation. As a possible solution for this problem, especially during the financial crisis which has impacted Albanian as well as the rest of the world, raising a strong awareness of the importance of this model could be one route to improve the level of competitiveness in the banking sector. 

Trends, Events, and Centres, 2007–20

2020 ◽  
pp. 298-327
Author(s):  
Ranald C. Michie
Keyword(s):  
New York ◽  
Financial Crisis ◽  
Business Models ◽  
Global Financial Crisis ◽  
Financial System ◽  
Major Change ◽  
Financial Policies ◽  
The World ◽  
The Stability ◽  
The Global Financial Crisis

To many the Global Financial Crisis that engulfed the world in 2008 was an event that could not happen because of the trends that had preceded it. The emergence of the megabanks, the switch to the originate-and-distribute model, the introduction of the Basel Rules, and the use of derivative contracts were all meant to make the global financial system much more resilient. Under the collective guidance of central banks the world appeared to have discovered the secret of how to deliver a financial system that met the needs of all users and was also both competitive and stable. This system balanced the desire of governments to pursue independent economic, monetary, and financial policies with the free movement of funds around the world and relatively stable exchange rates. The various financial crises that had occurred during the 1980s and 1990s provided ample warnings of this instability but faith was placed in business models and mathematical formula to deliver the stability that had once been associated with the pre-1970s era of control and compartmentalization. As a financial crisis did occur many have pointed to it being the inevitable consequence of what had happened since the 1970s, and especially during the previous fifteen years. Conversely, others predicted that the crisis would lead to major change in direction for the world’s banks and financial markets, and the demise of London and New York as global financial centres.

Distrust in Utopia? Public Perceptions of Corruption and Political Support in Iceland before and after the Financial Crisis of 2008

2015 ◽  
Vol 51 (4) ◽  
pp. 553-579 ◽  
Author(s):  
Gissur Ó. Erlingsson ◽  
Jonas Linde ◽  
Richard Öhrvall
Keyword(s):  
Financial Crisis ◽  
Important Determinant ◽  
Banking System ◽  
Public Perceptions ◽  
Political Support ◽  
First Century ◽  
Validity And Reliability ◽  
Transparency International ◽  
The World ◽  
Before And After

In the middle of the first decade of the twenty-first century Iceland was ranked as the least corrupt country in the world by Transparency International and enjoyed top positions in most comparative indices of governance and development. In 2008 the banking system collapsed and the country found itself in a serious financial crisis, a crisis which some observers believe was caused by clientelism and other forms of behaviour related to corruption. This article sets out to analyse how the crisis affected general political support and, in particular, the importance of perceptions of corruption in that process. Using survey data we show that political support plummeted after the crisis and that public evaluations of the extent of corruption became the most important determinant of support. The results have implications for how we ought to approach the issue of corruption, even in so-called ‘least corrupt’ settings. The findings also call into question the validity and reliability of frequently used measures of corruption and governance.

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