scholarly journals Politically Robust Financial Regulation

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Itai Agur
Keyword(s):  
Financial Regulation ◽  
Regulatory Policy ◽  
Time Consistency ◽  
Best Interest ◽  
Political Pressure ◽  
The Public ◽  
Regulatory Instruments ◽  
Policy Credibility ◽  
Time Inconsistent ◽  
Regulatory Forbearance

The deferred recognition of COVID-induced losses at banks in many countries has reignited the debate on regulatory forbearance. This paper presents a model where the public's own political pressure drives regulatory policy astray, because the public is poorly informed. Using probabilistic game stages, the model parameterizes how time consistent policy is. The interaction between political motivations and time consistency is novel and complex: increased policy credibility can entice the politically-motivated regulator to act in the public's best interest, or instead repel it from doing so. Considering several regulatory instruments, the paper probes the nexus of political pressure, perverse bank incentives and time inconsistent policy.

Impact of Rock Lyrics and Music Videos on Children and Youth

PEDIATRICS ◽  
1989 ◽  
Vol 83 (2) ◽  
pp. 314-315 ◽  
Author(s):  
Keyword(s):  
Role Models ◽  
Rock Music ◽  
Self Regulation ◽  
Music Industry ◽  
Well Being ◽  
Best Interest ◽  
Positive Role ◽  
The Public ◽  
Good Taste ◽  
The Impact

Rock music has undergone dramatic changes since its introduction 30 years ago and is an issue of vital interest and concern for parents and pediatricians. Rock music lyrics have become increasingly explicit during the last two decades—particularly with reference to sex and drugs. Some lyrics communicate potentially harmful health messages. These lyrics are of special concern in today's environment, which poses unprecedented threats to the health and well-being of adolescents, including pregnancy, drug use, acquired immunodeficiency syndrome (and other sexually transmitted diseases), accidents, and suicide. The American Academy of Pediatrics (AAP) strongly opposes censorship. According to the Federal Communications Commission, the public owns the airways, which are leased back to radio and television stations that are obligated to produce programming in the public's best interest. Good taste and self-regulation by consumers, media, and the music industry would be appropriate and effective solutions. The AAP, therefore, recommends that: 1. The public, and parents in particular, be made aware of sexually explicit, drug-oriented, or violent lyrics on records and tapes. 2. Broadcasters and the music industry be encouraged to demonstrate good taste and self-restraint in decisions regarding what is produced and allowed to be broadcast. 3. Rock performers be reminded that they can serve as positive role models for children and teenagers. 4. The AAP and other concerned organizations encourage parents to take a more active role in monitoring music to which their children are exposed. 5. Local coalitions of pediatricians, educators, and parents discuss the effects of the media on children and teenagers. 6. Research concerning the impact rock music has on the behavior of adolescents and preadolescents be developed and supported.

Social Media as Public Political Instrument

2020 ◽  
pp. 158-174
Author(s):  
Ikbal Maulana
Keyword(s):  
Social Media ◽  
Real Problem ◽  
Political Pressure ◽  
The Real ◽  
The Public ◽  
Real People ◽  
Political Forces ◽  
Single Voice ◽  
Political Legitimation ◽  
Definition Of

Due to its large number public cannot gather in one place and speak as a single voice, and consequently it cannot represent itself. However, public is always needed as political legitimation, therefore political forces compete to make their own definitions of public and use them as the basis of political claims. To make their definition of public close to the real people, democratic mechanisms have been developed. Once in a number of years, people elect candidates who will represent and govern them. But, most of the time they will be silent and ignored by the changing dynamics of politics. Conventional media does not help the public much to express its voice. Most often it becomes the tool of the elite for indoctrination or the mobilizing of bias. However, social media might empower people, because it allows them to voice their own concerns and to have conversation with each other. But, to have a real impact, the conversation must be directed to solve a real problem. Leadership is required to mobilize people's voice virtually and then turn it into a real political pressure.

Global finance as a politicized habitat

2017 ◽  
Vol 19 (2) ◽  
pp. 267-297 ◽  
Author(s):  
William Kindred Winecoff
Keyword(s):  
Financial Markets ◽  
Risk Taking ◽  
Financial Regulation ◽  
Theoretical Argument ◽  
Global Finance ◽  
Agent Model ◽  
The Public ◽  
Preferred Habitat ◽  
Micro Level ◽  
Risk Taking Behaviors

AbstractPredominant models of financial regulation based on representative agents—in both the public interest and public choice traditions—assume that competitive pressures in financial markets undermine prudential behavior by firms in the absence of regulation. One empirical expectation of these models is behavioral: firms should adjust their risk-taking behaviors in response to the regulatory environment they face but should not over-comply with regulations. That is, the central tendency of bank behaviors should hew closely to regulatory minima and the variance should be small. I first demonstrate that this expectation is not borne out by the empirical record and then advance a theoretical argument that does not rely on a representative agent model. I argue that firms face a range of incentives from markets and governments that condition their risk-taking behaviors, and firms choose a “preferred habitat” within a market structure. Some of these incentives are towards greater risk-taking, while others are in the direction of greater prudence. This framework provides opportunities for examining financial market actors in a realistic context, and offers ways to unify micro-level and structural analyses of the political economy of global finance.

Political pressure mounts on Japanese media

2015 ◽  
Keyword(s):  
Prime Minister ◽  
Freedom Of Expression ◽  
Press Freedom ◽  
Political Pressure ◽  
Content Type ◽  
International Media ◽  
The Public ◽  
The Media ◽  
Near Term ◽  
The Government

Significance The issue of media independence has become a fraught one under Prime Minister Shinzo Abe's administration, with perceptions rising among journalists and the public that the government is subjecting the media to political pressure. Critics of the administration speak of censorship and threats to freedom of expression. Japan's ranking in the World Press Freedom Index has fallen from 22nd in 2011-12, before Abe took office, to 61st in 2015. Impacts The government seems likely to try to marginalise the criticisms of constitutional scholars, like it marginalises its other critics. International media as well as domestic journalists are likely to feel some pressure from the authorities. In the near term, the issue is unlikely to destabilise the government, or derail passage of security legislation.

Planning as a barrier for growth: Analysing storylines on the reform of the Danish Planning Act

2017 ◽  
Vol 36 (4) ◽  
pp. 689-707 ◽  
Author(s):  
Kristian Olesen ◽  
Helen Carter
Keyword(s):  
Rural Areas ◽  
Spatial Planning ◽  
Spatial Dimension ◽  
Public Debate ◽  
Political Pressure ◽  
The Public ◽  
Spatial Inequalities

In this paper, we investigate how the discourse ‘planning as a barrier for growth’ has been structured in the public debate in Denmark, and how this discourse has created a political pressure to reform the Planning Act. We identify three main storylines, which support the discourse that planning constitutes a barrier for growth in the most rural areas of Denmark, framed as ‘Outer Denmark’ in the public debate. We argue that the contemporary critique of planning in Denmark has a distinct spatial dimension, in which planning deregulation is rationalised as a means to boost development in the economic periphery and combat increasing socio-spatial inequalities. Whilst the ideology and rationality behind the storylines calling for deregulation of planning can be interpreted as rooted in social welfarism, we argue that the framing of Outer Denmark is merely being used in the public debate to legitimise the (neo)liberalisation of spatial planning in Denmark. Nevertheless, the case of planning deregulation in Denmark is illustrative of how spatialities are discursively (re)constructed and enacted in order to challenge and transform the role of planning in the context of neoliberalism.

scholarly journals THE RIGHTS OF NATIONAL MINORITIES TO INFORMATION

2018 ◽  
Vol 8 (1) ◽  
pp. 45-53
Author(s):  
Aid Mršić ◽  
◽  
Larisa Softić-Gasal ◽  
Keyword(s):  
Public Service ◽  
The State ◽  
The Political ◽  
Political Pressure ◽  
The Public ◽  
Social Trends ◽  
National Minorities ◽  
The Media ◽  
The Guardian

The public service, which should be the guardian of the identity of national minorities, fell under the political pressure. In this way, it came out of the scope of its actions. Leading people in independent media believe that the role of the public service is crucial in protecting national minorities.But the media can not do it alone. First of all, the state must regulate, and respect what it has brought. With strong strategies and the inclusion of national minorities in all social trends, it is possible to achieve, not fully, but partially, the equality of all those who liveon the territory of BiH.On the other hand, the public service must respect what the state says. The Communications Regulatory Agency is obliged to impose rules in an adequate manner and at the same time to monitor how much the media (public service) meets its obligations.

scholarly journals MAINSTREAMING PUBLIC TRUST FOR AGROBIOTECHNOLOGY DEVELOPMENT: PRELIMINARY FINDINGS FROM INDONESIA

2019 ◽  
Author(s):  
Rachmat Hidayat ◽  
Tree Setiawan Pamungkas ◽  
Lukman Wijaya Baratha ◽  
Ahmad Munif Mubarok
Keyword(s):  
Corporate Governance ◽  
Local Government ◽  
Genetically Modified ◽  
Regulatory Policy ◽  
Public Trust ◽  
Gm Crops ◽  
The Public ◽  
Government Governance

This article aims to identify the public trust on the application of Agriculture biotechnology-based products in Indonesia, specifically in the eastern part of East Java Province, which is knowns as Horseshoe region−ex Besuki district. Further, this article will focuses on farmers impediment and their discontent facing the challenges of GM Crops companies for mainstreaming their products in their locality. This article will also expand the discussion on the urgency for local government governance for a sustainable regulatory policy which forbids the rudimentary practice of bad corporate governance Genetically modified (GM) crops in the locality Keyword: Public Trust, Agrobiotechnology Farmers, Policy

scholarly journals Financial levers of foreign economic activity regulation

2018 ◽  
pp. 151-156
Author(s):  
Tetiana Rybakova
Keyword(s):  
Economic Activity ◽  
Financial Regulation ◽  
System Analysis ◽  
Global Market ◽  
Educational Process ◽  
Activity Regulation ◽  
Regulatory Instruments ◽  
Financial Regulatory ◽  
Financial Mechanism

Relevance of research topic. One of the features of foreign economic activity is vulnerability because of fluctuations of the global market environment, which requires the use of mechanisms for its regulation using financial instruments, methods and leverage. Formulation of the problem. Effective regulation of foreign economic activity, which would correspond to its actual goals and objectives, requires the formation of financial regulatory levers system. Analysis of recent research and publications. The issues of financial mechanism and financial regulation functioning today are the subject of detailed research in the professional scientific literature on finance. Scientific interest is also caused by studies of modern financial regulatory mechanisms in various areas of the national economy, in particular, regulation in the sphere of foreign economic activity. Selection of unexplored parts of the general problem. Nowadays there is no consensus on the essence of financial leverage, its features and place in the structure of the financial mechanism. There is a lack of research on the problems of using financial levers within the framework of the mechanism for regulating foreign economic activity. Setting the task, the purpose of the study. Classification of financial levers of foreign economic activity regulation and specification of their composition as to methods and instruments of regulation. Method or methodology for conducting research. The system and structural approach, the method of logical analysis, the method of comparison were used. Presentation of the main material (results of work). In the paper the importance of applying financial levers in foreign economic activity regulation is grounded. Based on the essence of financial regulation, the structure of the financial mechanism, the goals and composition of the system of foreign economic activity financial regulation, the classification of financial levers for its regulation has been proposed. Directions of financial levers actions, forms of levers implementation, methods of regulation, and levels of regulation are highlighted as classification signs. In the framework of the proposed classification by regulation methods, a set of financial levers is presented in relation to the corresponding methods and instruments for foreign economic activity regulation. The field of application of results. Research of foreign economic activity financial regulation problems, educational process (in the preparation of the relevant sections of textbooks and tutorials for courses “Finance”, “Foreign Trade”). Conclusions according to the article. The specific features of financial levers of foreign economic activity regulation are their multi-level influence on it, orientation at obtaining strengthening or retaining effect in accordance with the goals the state sets in the sphere of foreign economic activity regulation. Each lever is used within the relevant regulatory instruments and putting them in motion, and is aimed at the implementation of the regulatory action. Financial levers of regulation are interconnected into a single system and should be used comprehensively in foreign economic activity regulation.

scholarly journals The Corporate Crisis Management Of Colour Blind Advertising - A Case Study of Dolce & Gabbana’s and H&M’s Racially Charged Campaigns

2021 ◽  
Author(s):  
Jessica Goldentuler
Keyword(s):  
Crisis Communication ◽  
Communication Model ◽  
Best Interest ◽  
Advertising Industry ◽  
The Public ◽  
The Social ◽  
Corporate Crises ◽  
Corporate Crisis ◽  
Insight Into

The purpose of this Masters Research Paper is to analyze the methods of crisis communication utilized by H&M and Dolce & Gabbana in response to their racially charged ads launched in January 2018 and November 2018 respectively. After thorough research, it is clear that many retail groups have suffered irreparable damage to their images from a crisis (Liu et al., 2011). Image Restoration Theory (IRT) and the Social-mediated Crisis Communication model will act as a lens through which the companies’ techniques will be examined. The Literature Review aiding the research gathered in this paper will provide insight into the growth of the advertising industry, examples of modern corporate crises, and a recap of each corporation’s controversial pasts. The review will also cover theories of crisis communication and social media’s role in crisis communication. After manually collecting data from Dolce & Gabbana’s Instagram and Twitter accounts, it is clear that the Italian fashion house misused denial in combination with William Benoit’s other strategies within IRT. The public swiftly accused Dolce & Gabbana of lying and avoiding blame. After Dolce & Gabbana turned to mortification, their image had been damaged as many users labeled the apology as insincere. Similarly, the data collected on H&M reveals that the retail group attempted to evade responsibility. Later, H&M retracted their statement and released an apologized. The apology received a marginally warmer reception by Instagram users, where as many users on Twitter were demonstrably skeptical of its genuineness. When corrective action is employed the public recalls each company’s racist past. After thorough analysis, it is evident that in racially charged corporate crises it may be in the best interest of the company’s image to take full responsibility for the act and release a denial free apology.

scholarly journals Diffuse interest groups and regulatory policy change: Financial consumer protection in Turkey

2021 ◽  
Author(s):  
Mehmet Kerem Coban
Keyword(s):  
Interest Groups ◽  
Policy Change ◽  
Consumer Protection ◽  
Regime Change ◽  
Banking Sector ◽  
Regulatory Policy ◽  
Retail Banking ◽  
Policy Regime ◽  
State Actor ◽  
Regulatory Forbearance

This article examines why and how a regulation on retail banking fees, commissions, and charges emerged in Turkey after a long period of regulatory forbearance. The article shows that when regulatory forbearance caused stasis, and the “statist”, exclusionary policymaking context limited consumer groups’ access to the policymaking process, consumer groups challenged the policy regime of the banking sector and the regulator by appealing to another state actor, the Ministry of Customs and Trade. The Ministry took advantage of an opportunity structure to pass a new consumer protection law which assigned a de facto mandate on the regulatory agency to regulate fees, commissions, and charges. The article argues that the regulatory policy change was a product of a policy regime change with the Ministry emerging as a veto player, as it redefined the institutional arrangements in the policymaking process, and imposed its preferences and its stricter policy approach. As such, the article contributes to our understanding of the conditions of how diffuse interest groups can trigger regulatory policy change, but more importantly policy regime change.

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