scholarly journals Modelling Systemically Important Banks vis-à-vis the Basel Prudential Guidelines

2021 ◽  
Vol 14 (7) ◽  
pp. 295
Author(s):  
M. Zulkifli Salim ◽  
Kevin Daly

Our paper investigates Indonesia’s systemically important banks (SIBs) using theoretical approaches—CoVaR, marginal expected shortfall (MES), and SRISK—to compare with the Basel guidelines as benchmark. We use Indonesian banks’ market and supervisory data over the 2008–2019 period. The research aims to seek intertheoretical model interaction and SIB ranking in concordance with the Basel guidelines as applied by a bank supervisor. The findings show that SRISK produced a more consistent ranking compared with CoVaR and MES. CoVaR and MES had higher intermodel correlation converted to 59% similarity in rankings. Further, all theoretical models are in line with the Basel guidelines, where the closest approximation is at 47%. The results indicate that policy makers could use scholarly models as validation tools and help improve supervision decision to identify systemically important institutions.

2020 ◽  
pp. 097215092097073
Author(s):  
Matteo Foglia ◽  
Eliana Angelini

Do you believe in Santa Claus (rally)? This study investigates the existence of the ‘Santa Claus rally’ in bank systemic risk. Christmas rally describes a persistent rise in the stock market during the final week of December through the first two trading days in January. In this article, we evaluate this calendar effect, focusing on systemic risk measures for global systemically important banks (GSIBs). First, we estimate the three popular systemic risk measures (DCoVaR, marginal expected shortfall [MES] and SRISK), and then we use an event study approach to analyse the reaction of risk. The results support the existence of Santa Claus. We find that the arrival of Santa Claus has a positive effect on systemic risk, that is, a reduction in bank systemic risk.


2021 ◽  
Vol 9 (2) ◽  
pp. 189-204
Author(s):  
Ozum Yesiltas

This study investigates the growing influence of Middle Eastern non-state actors as agents of foreign policy and their interactions with states through an analysis of the U.S.-Kurdish relationship. Incorporating archival data and interviews with Kurdish and American policy makers, the paper analyses the factors that have affected the U.S.-Kurdish relationship from World War II to the recent Syrian crisis in the context of the mainstream theoretical approaches within the discipline of International Relations. The article concludes that the failure to formulate a coherent Kurdish policy complicates the U.S.’ Middle East strategy and contributes to outcomes unfavourable to U.S. interests in the region.  Abstract in Kurmanji Hêza ji kenaran : Pêşniyara bo siyaseteke derveyî ya hevgirtî ya Dewletên Yekbûyî yên Amerîkayê li hemberî Kurdan Ev lêkolîn tesîra her ku diçe mezin dibe ya aktorên ne-dewletî li Rojhilata Navîn wek failên siyaseta derve, digel danûstandinên wan bi dewletan re, li ser hîma tehlîla têkiliya DYA û Kurdan vedikole. Bi vehewandina daneyên arşîvî û hevdîtinên li gel siyasetmedarên kurd û amerîkî, ev nivîsar nêrînên bîrdozî yên herî berbelav di  babetaTêkiliyên Navneteweyî de bi kar tîne, ji bo ku faktorên bandor li têkiliyên DYA-Kurd ji Şerê Cîhanê yê Duyem heta qeyrana surî ya dawîn  kirine, tehlîl bike. Nivîsar bi vê encamê digihîje ku têkçûna sazkirina siyaseteke kurd a hevgirtî ji bo stratejiya DYA ya li Rojhilata Navîn zehmetiyan derdixe û netîceyên neyînî bo berjewendiyên DYA jî bi xwe re tîne. Abstract in Sorani Hêzê Sînoran: Kurdan Reyde Mesela Sîyasetê Teberî yê DYA yê ‘Pêgirewteyî’ Pê analîzê têkilîya DYA û kurdan, no cigêrayîş Rojhelato Mîyanên de tesîrê averşîyayoxî yê aktoranê bêdewletanê sey ajananê sîyasetê teberî û dewletan reyde înteraksîyonanê nê aktoran tehqîq keno. Bi dayeyanê arşîvan û roportajanê qerardaranê sîyasetî reyde, no nuşte faktoranê ke Cengê Cîhanî yê II. ra heta krîzê Sûrîye yê nikayinî têkilîya DYA û kurdan ser o tesîr kerdo, ê faktoran çarçewaya teorîyanê bingeyênan yê beşê Têkilîya Mîyanneteweyî de analîz keno. Na meqale netîce de vana ke DYA besenêkerd polîtîkayêka kurdan a pêgirewtîye virazê, na kêmanîye kî Rojhelato Mîyanên de stratejîya DYA kena têmîyan û peynîye de faydeyê xo nêreseno menfeatanê DYA yê a herême. Abstract in Zazaki Destellat le kenarewe : keysêk derbarey hawrrayî le siyasetî derewey Emerîka da beramber be Kurdekan Em nûsîne le karîgerî geşesendinî hêzwektere bê-netewekan le ser siyasetî Rojhellatî Nawerrast da dekollêtewe, legell peywendiyan legell dewlletekan da le rêgayi şirovekirdinî peywendî nêwan wîlayete yekgirtwekanî Emerîka û Kurdekan da. Be têkellkirdinî datay erşîf û çawpêketin legell siyasetmedare emerîkî û Kurdekan da, em nûsîne şirovey ew fakterane dekat ke karîgeryan le ser peywendî nêwan wîlayete yekgrtwekanî emerîka û Kurdekan da hebuh le cengî cîhanî duwemewe heta qeyranî tazey Suriya, le çwarçêwey têore berbillawekan le zanistî peywendiye nîwdewlletiyekan da. Encamî wutareke eweye ke be hoy şikesthênan le dirustkirdinî siyasetêkî yekgirtû beramber Kurdekan, astengî bo planî Wîlayete Yekgrtwekanî Emerîka le Rojhellatî Nawerrast da dirust dekat û debête hoy dirustbûnî derencamî nerênî le qazancî Wîlayete Yekgirtwekanî Emerîka le nawçeke da.


2010 ◽  
Vol 4 (1-2) ◽  
pp. 53-58 ◽  
Author(s):  
Catherine Laurent ◽  
Marielle Berriet-Solliec ◽  
Marc Kirsch ◽  
Pierre Labarthe ◽  
AurélieT AurélieTrouvé

Various theoretical models of public policy analysis are used to treat situations of decision-making in which public deciders have to take into account the multifunctionality of agriculture. For some, science-society relations are not really problematical. Others acknowledge the current attempts of these policy-makers to find adequate scientific knowledge, and the difficulties they encounter. These difficulties stem partly from the very content of knowledge produced by research. Could other modes of production be more efficient? The status of the knowledge produced by these approaches is a subject of debate. Bridging the divide between science and policy more effectively is not only a question of knowledge brokerage.Accessibility and reliability of the existing evidences are also problems to be addressed. The debates around evidence-based practices may provide some landmarks in this new situation although they also emphasize the limits of the tools that can be built for this purpose.  


Author(s):  
Yuri Goegebeur ◽  
Armelle Guillou ◽  
Nguyen Khanh Le Ho ◽  
Jing Qin

2008 ◽  
Vol 3 (2) ◽  
pp. 141-163 ◽  
Author(s):  
KARSTEN VRANGBÆK*

AbstractThis article investigates the current use of Public–Private Partnerships (PPP) in the Danish health sector based on an initial discussion of theoretical approaches that analyze PPP. The empirical analysis concludes that PPP has been used very sparsely in the Danish health sector. There are few examples of large-scale partnership projects with joint investment and risk taking, but a number of smaller partnerships such as jointly owned companies at the regional level. When defining PPP more broadly, we can identify a long tradition for various types of collaboration between public and private actors in health care in Denmark. An analysis of the regulatory environment is offered as an explanation for the limited use of PPPs in Denmark. Major political and institutional actors at the central level differ in their enthusiasm for the PPP concept, and the regulatory framework is somewhat uncertain. A number of general issues and concerns related to PPPs are also discussed. It is suggested that a risk-based framework can be useful for mapping the potential and challenges for both private and public partners. Such a framework can be used to feed into game theoretical models of pros and cons for PPP projects. In general terms, it is concluded that more empirical research is needed for the assessment of the various risk factors involved in using PPPs in health care. Most PPPs are still very young, and the evidence on performance and broader governance issues is only just emerging. Ideally, such assessments should include comparisons with a purely public alternative.


2019 ◽  
Vol 53 ◽  
pp. 33-52 ◽  
Author(s):  
Maite De Sola Perea ◽  
Peter G. Dunne ◽  
Martin Puhl ◽  
Thomas Reininger

Film Studies ◽  
2006 ◽  
Vol 9 (1) ◽  
pp. 40-50
Author(s):  
Steven Peacock

This article offers an alternative to the predominant and pervasive theoretical approaches to discussing time in film. It adheres to ordinary language, and moves away from a ‘mapping’ of theoretical models or contextual analysis to concentrate on a films specifics. It considers the particular handling of time in a particular film: The Age of Innocence (Martin Scorsese, 1993). Fixing on specific points of style, the article examines the interplay of time and gesture, and the editing techniques of ellipses and dissolves. Both the article and the film hold their attention on the intricacy and intimacy afforded by moments, as they pass. Both explore how the intensity of a lovers relationship over decades is expressed in fleeting passages of shared time. In doing so, the article advances a vocabulary of criticism to match the rhetoric of the film, to appreciate the works handling of time. Detailed consideration of this achievement allows for a greater understanding of the designs and possibilities of time in cinema.


Author(s):  
Дарья Владимировна Амелькина

В статье систематизированы подходы отечественных ученых к исследованиям территориальной организации рекреации и туризма, выполненным на основе геосистемного анализа и классических теоретических моделей; подчеркивается преемственность научных идей отечественной школы социально-экономической и рекреационной географии в области изучения территориальных систем, связь с зарубежными экономгеографическими теориями и концепциями. Делается вывод о том, что актуальность исследований территориальной организации туризма в настоящее время формируется вызовами постиндустриальной эпохи и неразрывно связана с гуманитарными аспектами функционирования рекреационных систем, в т.ч. территориальными и ресурсными противоречиями, порождаемыми развитием рекреации и туризма. The article systematized approaches of domestic scientists to study the territorial organization of recreation and tourism, based on geosystem analysis and classical theoretical models; emphasizes the continuity of scientific ideas of the national school of socio-economic and recreational geography in the study of territorial systems, communication with foreign economy-geographical theories and concepts. It is concluded that the relevance of research on the territorial organization of tourism is currently formed by the challenges of the post-industrial era and is inextricably linked with the humanitarian aspects of the functioning of recreational systems, including territorial and resource contradictions generated by the development of recreation and tourism.


2021 ◽  
Vol 14 (4) ◽  
pp. 20-35
Author(s):  
Simone Boruck Klein ◽  
Frederico Cesar Mafra Pereira

In this research, a discussion is promoted regarding concepts, theories and main works that deal with the phenomenon of the Entrepreneurial University, with the aim of arousing instigations and reflections for the development of future research on this theme. The main contributions are the formulation of a frame of concepts, and the presentation of three predominant theoretical models, considering that the first uses the Institutional Theory, the second, the Systems Theory, and the third, a junction of these. To these contributions it is associated the presentation of theoretical approaches, used for the analysis of different objects at the Entrepreneurial University.


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