scholarly journals Systems, Instruments and Regulatory Policies of American and European Capitalism

2020 ◽  
Vol 3 (4) ◽  
Author(s):  
Michele Sabatino ◽  
Keyword(s):  
Financial Crisis ◽  
Financial System ◽  
Banking Regulation ◽  
Rapid Expansion ◽  
Negative Experience ◽  
Regulatory Policies ◽  
Starting Point ◽  
Set Up ◽  
It Revolution ◽  
Regulatory Model

The beginning of the 21st century, the phenomenon of globalization, the IT revolution and the financialization of the economy have also changed the terms of the comparison among capitalist countries. At global level, the rapid expansion of the financial sector was also encouraged by an increase in innovative financial products. Regulators and supervisors have not been able to adequately identify and address the growing risks in the financial system. The beginning of the financial crisis has brought to light such weaknesses. And it is from this negative experience that the major world authorities have intervened, trying to set up plans and regulations to protect the financial system and consumers. The analysis of the framework that comes with the financial crisis of 2007-2013 is thus a starting point for this work to understand the new features of world capitalism. American and European capitalist systems seem to diverge above all on the policies and instruments for regulating the financial system. The aim of the work is to show the differences between the US and European financial and banking regulation. The former is geared towards reviving deregulation and financial innovation while the latter is more geared towards redesigning a more accentuated regulatory model with a governance of the economy that always sees the presence of a mixed welfare and market system.

scholarly journals Systems, Instruments and Regulatory Policies of American and European Capitalism

2020 ◽  
Author(s):  
Richmond Sam-Quarm
Keyword(s):  
Financial Crisis ◽  
Financial System ◽  
Banking Regulation ◽  
Rapid Expansion ◽  
Negative Experience ◽  
Regulatory Policies ◽  
Starting Point ◽  
Set Up ◽  
It Revolution ◽  
Regulatory Model

The beginning of the 21st century, the phenomenon of globalization, the IT revolution and the financialization of the economy have also changed the terms of the comparison among capitalist countries. At global level, the rapid expansion of the financial sector was also encouraged by an increase in innovative financial products. Regulators and supervisors have not been able to adequately identify and address the growing risks in the financial system. The beginning of the financial crisis has brought to light such weaknesses. And it is from this negative experience that the major world authorities have intervened, trying to set up plans and regulations to protect the financial system and consumers. The analysis of the framework that comes with the financial crisis of 2007-2013 is thus a starting point for this work to understand the new features of world capitalism. American and European capitalist systems seem to diverge above all on the policies and instruments for regulating the financial system. The aim of the work is to show the differences between the US and European financial and banking regulation. The former is geared towards reviving deregulation and financial innovation while the latter is more geared towards redesigning a more accentuated regulatory model with a governance of the economy that always sees the presence of a mixed welfare and market system.

Systems, Instruments and Regulatory Policies of American and European Capitalism

2020 ◽  
Author(s):  
Mohamed Osman Elamin Busharads
Keyword(s):  
Financial Crisis ◽  
Financial System ◽  
Banking Regulation ◽  
Rapid Expansion ◽  
Negative Experience ◽  
Regulatory Policies ◽  
Starting Point ◽  
Set Up ◽  
It Revolution ◽  
Regulatory Model

The beginning of the 21st century, the phenomenon of globalization, the IT revolution and the financialization of the economy have also changed the terms of the comparison among capitalist countries. At global level, the rapid expansion of the financial sector was also encouraged by an increase in innovative financial products. Regulators and supervisors have not been able to adequately identify and address the growing risks in the financial system. The beginning of the financial crisis has brought to light such weaknesses. And it is from this negative experience that the major world authorities have intervened, trying to set up plans and regulations to protect the financial system and consumers. The analysis of the framework that comes with the financial crisis of 2007-2013 is thus a starting point for this work to understand the new features of world capitalism. American and European capitalist systems seem to diverge above all on the policies and instruments for regulating the financial system. The aim of the work is to show the differences between the US and European financial and banking regulation. The former is geared towards reviving deregulation and financial innovation while the latter is more geared towards redesigning a more accentuated regulatory model with a governance of the economy that always sees the presence of a mixed welfare and market system.

scholarly journals Deposit flows and structure in Serbia

Bankarstvo ◽  
2020 ◽  
Vol 49 (4) ◽  
pp. 68-87
Author(s):  
Milena Lazić ◽  
Ksenija Zorčić
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Banking System ◽  
Financial System ◽  
Banking Regulation ◽  
The Stability ◽  
The Global Financial Crisis ◽  
Deposit Guarantee Schemes

Having drawn attention to the existing banking regulation issues, the Global Financial Crisis also raised awareness of the importance of depositors' confidence for the stability of the financial system, and brought the role and significance of the deposit guarantee schemes to the fore. Serbian economy started experiencing its effects in Q4 2008, in parallel with the global spreading of the crisis. This paper focuses on the fluctuations in deposit levels and structure in the Serbian banking system, between 2008 and 2019. It also aims to underscore the importance and development perspectives of the Serbian deposit guarantee scheme.

scholarly journals Would Macroprudential Regulation Have Prevented the Last Crisis?

2019 ◽  
Vol 33 (1) ◽  
pp. 107-130 ◽  
Author(s):  
David Aikman ◽  
Jonathan Bridges ◽  
Anil Kashyap ◽  
Caspar Siegert
Keyword(s):  
Financial Crisis ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
Financial System ◽  
Mortgage Lending ◽  
Financial Policy ◽  
Policy Interventions ◽  
The Us ◽  
Set Up ◽  
The Global Financial Crisis

How well equipped are today’s macroprudential regimes to deal with a rerun of the factors that led to the global financial crisis? To address the factors that made the last crisis so severe, a macroprudential regulator would need to implement policies to tackle vulnerabilities from financial system leverage, fragile funding structures, and the build-up in household indebtedness. We specify and calibrate a package of policy interventions to address these vulnerabilities—policies that include implementing the countercyclical capital buffer, requiring that banks extend the maturity of their funding, and restricting mortgage lending at high loan-to-income multiples. We then assess how well placed are two prominent macroprudential regulators, set up since the crisis, to implement such a package. The US Financial Stability Oversight Council has not been designed to implement such measures and would therefore make little difference were we to experience a rerun of the factors that preceded the last crisis. A macroprudential regulator modeled on the UK’s Financial Policy Committee stands a better chance because it has many of the necessary powers. But it too would face challenges associated with spotting build-ups in risk with sufficient prescience, acting sufficiently aggressively, and maintaining political backing for its actions.

scholarly journals Evolución e impacto de la regulación bancaria internacional hasta Basilea III: el caso de América Latina = Evolution and impact of international banking regulation until Basel III: The case of Latin America

2013 ◽  
pp. 147
Author(s):  
Cristina Gutiérrez López
Keyword(s):  
Latin America ◽  
Financial Crisis ◽  
Latin American ◽  
Financial System ◽  
Banking Regulation ◽  
Basel Ii ◽  
Basel Iii ◽  
International Banking ◽  
Basel Accords ◽  
America Latina

<p>La crisis financiera ha cuestionado la efectividad de los Acuerdos de Basilea como herramienta de regulación y supervisión bancaria a nivel internacional, especialmente por la coincidencia temporal de Basilea II y los problemas del sector bancario. En el caso de América Latina, esto se une tanto a las particularidades de su sistema financiero, que ha afrontado reformas muy significativas en los últimos años, como a la forma diferencial en que la crisis financiera se ha manifestado.<br />El artículo revisa las características del esquema de regulación bancaria internacional hasta llegar al nuevo Acuerdo de Basilea III y su previsible adaptación al caso latinoamericano, con especial interés sobre los efectos en la financiación y prociclicidad.</p><p>The financial crisis has questioned Basel Accords effectiveness as regulatory and supervisory tools in the international banking area, especially because Basel II was firstly applied when banking problems started. In the Latin America case, this happens in a particular financial system, which has suffered significant reforms over the last years, and where the financial crisis has behaved in a different way.<br />The paper analyses the main characteristics of the international banking regulatory framework until current Basel III Accord. It also addresses its foreseeable adaptation to the Latin American context, with special emphasis on funding and pro-cyclicality</p>

scholarly journals Concentration risk: Setting credit limits in loan portfolios, case of Morocco

2016 ◽  
Vol 6 (3) ◽  
pp. 50-58
Author(s):  
Bazzi Mehdi ◽  
Chhaiba Hassan ◽  
Hasna Chamlal
Keyword(s):  
Mathematical Model ◽  
Financial Crisis ◽  
Financial System ◽  
Regulatory Environment ◽  
2008 Financial Crisis ◽  
Loan Portfolios ◽  
The 2008 Financial Crisis ◽  
Set Up ◽  
Credit Portfolio ◽  
Global Financial System

The latest biggest financial crisis reveals different weakness points over the global financial system. The concentration risk is one of many different risks that figured out by the regulators after the 2008 financial crisis. To deal with such a risk the regulators set up a dispositive of measures to control it. Therefore, we suggest in this paper a version of a mathematical model that optimize the allocation of capitals for a credit portfolio of a bank with taking into consideration the Moroccan regulatory environment.

Drag resistance: Necropolitics, queer survival and a Balkan counterpublics

2021 ◽  
Vol 6 (2) ◽  
pp. 159-174 ◽  
Author(s):  
T. Anna
Keyword(s):  
Financial Crisis ◽  
Right Wing ◽  
Cultural Events ◽  
Starting Point ◽  
Political Choices ◽  
Financial Crisis Of 2008 ◽  
Political Scene ◽  
Drag Queens

Taking the murder of Greek HIV+ and queer activist Zak Kostopoulos as its starting point – an exercise of necropolitical power in broad daylight – this article explores the work of drag queens in Greece and their aesthetic/political choices. It interprets their performances as tactics of survival and resistance and as creative responses to queer trauma. The role of queerfeminist spaces, cultural events and collectives also is examined as a response to the increasing right-wing turn in the country’s political scene – itself the result of the financial crisis of 2008. It imports José Esteban Muñoz’s disidentifications and counterpublics, Elizabeth Freeman’s erotohistoriography and Achille Mbembe’s necropolitics into the Greek/Balkan context and analyses the particular configurations and intersections of sexualities, genders, statehood, race, class and religion in Greece. It then examines disidentifications and counterpublics as empowering practices of community forming, offering glimpses of a queer Balkan counterpublics and the tools employed towards its making (humour, parody, reclaiming, disidentification, mourning and embodied pleasures).

Managing the Risk of Crisis in Public Finance in Asia: a Pre-study on the Fiscal Mentality of Imperial China and its Surrounding Countries

2021 ◽  
pp. 90-100
Author(s):  
Yuan-Chun Lan ◽  
Norio Sasaki
Keyword(s):  
Public Finance ◽  
Financial Crisis ◽  
Government Intervention ◽  
Financial System ◽  
Cultural Background ◽  
Social Crisis ◽  
Imperial China ◽  
Per Se ◽  
Historical Accounts

A financial crisis can somehow imply an aspect of social crisis but a social crisis usually reflects the crisis of the society per se, and therefore the historical and cultural background as well as the legal and financial system therefrom. In the case of Asia, the context should add another storyline of the reception and integration of western ideas, including, inter alia, justification of taxation and its implication on government intervention. This paper examines such elements in the form of dialogue with historical accounts of traditional Chinese thoughts.

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