Corporate Scandals and Systemic Risk

Author(s):  
Sinemis Zengin

Corporate scandals are unpredictable misbehaviors of person/people that have engagement within corporate ended by bankruptcy of corporate. In the global world, companies are related with each other, and one bankruptcy triggers another company; moreover, it may cause a systemic risk depends on size of company as occurred in 2008 economic crisis. Corporate scandals are unpredictable; however, experience from history may guide regulators to avoid in the future by effective regulations. In this chapter, corporate scandals will be studied carefully to classify subjects of scandals and their impact.

2012 ◽  
pp. 32-47
Author(s):  
S. Andryushin ◽  
V. Kuznetsova

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.


2012 ◽  
Vol 17 (17) ◽  
pp. 117-125
Author(s):  
Daniel Peptenatu ◽  
Radu Pintilii ◽  
Cristian Draghici ◽  
Alina Peptenatu

The efficiency of polycentric development strategies in the context of economic crisis. Case study - the development of Southwest Oltenia region - RomaniaRomania's polycentric development model was elaborated by the Interdisciplinary Centre for Advanced Researches on Territorial Dynamics within the University of Bucharest and by Urbanproiect SA. The elaboration of the polycentric development strategy is based on the human settlements' classification depending on their polarisation capacity and the designing of a polycentric network, able to ensure the territorial complexity necessary to the attenuation of negative impulses from the suprasystems' level. The world economic crisis may be considered the most powerful negative impulse after the Second World War, generating major disfunctionalities at the level of fragile territorial systems. The elaboration of some specific strategies, able to take into account the new challenges given by the global world, is an important preoccupation of the decision factors in order to increase territorial competitiveness.


Author(s):  
V. Kulakova

The article is devoted to the socio-economic policy pursued by Barak Obama who had won elections and entered the presidential office in the midst of the strongest economic crisis. The author considers in depth each of the new administration's strategy directions in taking simultaneously both short-term measures necessary for the fastest crisis recovery and actions aimed at laying the foundation for the future long-term prosperity of the country. The feature of the current stage is the elevation of social policy to the rank of national priorities, and the crisis does not abolish it.


2020 ◽  
pp. 118-136
Author(s):  
Juan Sebastian Carbonell

This paper studies how the introduction of new technologies and a new organiza-tion of work transforms the labour process at an assembly line of the PSA group in France. The firm presents the new organization as an innovative modernization bringing forward the "Factory of the Future" through concepts directly inspired by Industrie 4.0 and Industrie du futur. At the same time, this modernization also re-sponds to the need for the plant to become more competitive in order to face the consequences of the economic crisis of 2008. Drawing from data obtained through fieldwork (interviews with workers, union representatives and internal documents), the author shows that behind the rhetoric of modernization and industrial excel-lence, the firm intensifies work in assembly operations and workers lose autono-my.


Author(s):  
Hakan Ay ◽  
Öznur Uçar

Examine the history of Turkey's economic crisis based economy will give clues for a much better economy. For 92 years, history of Turkey Republic has experienced the development stages of democracy and economy. Turkey has completed the journey of economic development as the most advanced economy in the world, although began as an undeveloped country. Turkey has been affected from the global and regional crises and overcame the nine economic crises. The implemented economic crisis policies showed parallelism with the trend of the world economic thoughts and has been shaped around Keynes and Friedman applications. All these details have been described in our study chronologically. With our study, we were trying to portray the Turkish economy's yesterday and today. Thus, we believe that our study will create data for predicting the future of the Turkish economy and the future of the world of economy.


2014 ◽  
Vol 22 (50) ◽  
pp. 33-48 ◽  
Author(s):  
Kai Lehmann

It is common today, even in the European media, to treat the current crisis of the European Union almost exclusively as an economic crisis. The present article pretends to show that such a focus is not only wrong but is indeed dangerous for the future development of the European Union as a whole. The article will argue that the present economic crisis simply aggravated – and a lot – a crisis of legitimacy through which the European Union has been passing for some time. Showing that the anti-European tendencies which are spreading throughout the countries of the continent threaten the very future of the European project, the article will make suggestion on reforms for the future development of the EU, alerting to the necessity to finally elaborate once again a coherent argument for the continuation of the European integration process which puts the European population at the heart of the political process instead of just austerity.


European View ◽  
2010 ◽  
Vol 9 (1) ◽  
pp. 5-10
Author(s):  
José Manuel Barroso

The current economic crisis has wrought havoc on Europe. However, the crisis has also given the leaders of Europe an opportunity to re-evaluate European society and the process of European integration. The time is at hand for Europe to create a new strategic outlook for the future. The Europe 2020 strategy could provide the impetus to create a more prosperous Europe that helps citizens and makes them more dynamic in the new world order.


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