scholarly journals Нова регулација рејтинг агенција и њен утицај на финансијска тржишта // The new regulation of rating agencies and its influence on financial markets

2012 ◽  
Vol 10 (16) ◽  
pp. 155
Author(s):  
Горан Радивојац
Keyword(s):  
Financial Markets ◽  
Dominant Role ◽  
Business Practices ◽  
The European Union ◽  
Rating Agencies ◽  
The Public ◽  
Current Events ◽  
Main Culprit ◽  
New Situation

Резиме: Криза глобалног финансијског тржишта у прошлој години је еволуирала у кризу еврозоне. У јавности земаља чланица Европске уније, нарочито у политичким дискусијама „евро-политичара“, као главни кривац за новонасталу ситуацију обиљежене су рејтинг агенције. У овом раду говори се о улози и историјском развоју рејтинг агенција, елементима рејтинговања и њиховој пословној пракси. Уважавајући чињеницу да рејтинг агенције данас имају доминантну улогу у усмјеравању токова капитала на глобалном нивоу, у тексту који слиједи презентовано је виђење аутора актуелних дешавања на финансијским тржиштима. Закључци представљају синтезу теоријских ставова различитих аутора о наведеној теми и информација расположивих у јавности чије тумачење износи аутор на основу свог до сада стеченог знања и искуства у овој области.Summary: The crisis in global financial markets, in the last year, has evolved into a crisis of the euro zone. In the countries of the European Union, especially in political discussions of “Euro-politicians” rating agencies are marked as the main culprit for the new situation . This paper discusses the historical development and the role of rating agencies, the rating elements and their business practices. Recognizing the fact that rating agencies now play a dominant role in directing capital flows at the global level, in the text that follows the author presents the current events in financial markets. The conclusions are a synthesis of theoretical views of different authors on the topic and the information available to the public whose interpretation the author presents based on his so far acquired knowledge and experience in this field.

Peran Bank Syariah: Menuju Perekonomian Masyarakat Madani

2019 ◽  
Vol 1 (2) ◽  
pp. 131-144
Author(s):  
Dini Maulana Lestari ◽  
M Roif Muntaha ◽  
Immawan Azhar BA
Keyword(s):  
Financial Markets ◽  
Islamic Law ◽  
Financial Service ◽  
Islamic Banks ◽  
Free Society ◽  
The Public ◽  
Turn On ◽  
The People ◽  
Strategic Role

Islamic banks are present in the community as financial institutions whose activities are based on the principles of Islamic law for the benefit of the people. This study aims to determine the strategic role of Islamic Banks as financial service institutions, the importance of the existence of Islamic Banks and Islamic-based markets and financial instruments in them. In its development, Islamic banks have a role as institutions that turn on public funds, channel funds to the public, transfer assets, liquidity, reallocation of income and transactions. In the Indonesian economic system, the existence of Islamic Banks is important as an alternative solution to the problem of conflict between bank interest and usury. Islamic financial markets and instruments provide a free society of interest and follow a different set of principles. Distribution of profit/ loss according to evidence of participation in the management fund. The division of rental income in the form of musharaka.

Wie die EU den Weg aus der „Pandemie-Krise“ findet: Lehren aus der Krisenpolitik nach 2008

IG ◽  
2021 ◽  
Vol 44 (4) ◽  
pp. 328-335
Author(s):  
Hartmut Marhold
Keyword(s):  
Debt Crisis ◽  
Financial Economic ◽  
Learning System ◽  
The European Union ◽  
Investment Bank ◽  
The Public ◽  
Active Player ◽  
European Investment ◽  
The Eu

The European Union (EU) invests huge resources in overcoming the pandemic crisis and does so as a learning system: The Union learned lessons from the previous, the financial, economic and state debt crisis after 2008, in many ways. The EU assumes now definitely the role of an active player in the economy, leaving behind the neoliberal doctrine; she suspends the restrictive budgetary policy, which prevented already in 2008 and the following years adequate solutions; she reshaped the control over its financial aid programmes so that harsh conflict between member states („troika“) are mitigated; the Union further refined the public private partnership mechanisms established unter the aegis of the European Investment Bank (EIB); the European Central Bank (ECB) assumes now a role still disputed after 2008; the flexibility clauses of the Lisbon Treaty, just put into force after 2008, are now extensively applied; and, more than anything else, the Union aims at a change of paradigm by putting the NextGenerationEU programme at the service of sustainable development (enshrined in the Green Deal).

2. The Competition Law and Institutions of the European Union

2019 ◽  
pp. 75-96
Author(s):  
Alison Jones ◽  
Brenda Sufrin ◽  
Niamh Dunne
Keyword(s):  
Competition Law ◽  
Fundamental Rights ◽  
The European Union ◽  
Public Enforcement ◽  
The Public ◽  
Directorate General ◽  
National Competition ◽  
Competition Rules ◽  
The Eu

This chapter sketches the history and functions of the EU and its institutions in order to set the EU competition rules in context. It then describes the competition provisions themselves and outlines the way in which the rules are applied and enforced, including the public enforcement of Articles 101 and 102 under Regulation 1/2003, the control of mergers with a European dimension under Regulation 139/2004, public enforcement by the national competition authorities of the Member States, and the role of private enforcement. It discusses the position and powers of the European Commission, particularly the role of the Competition Directorate General (DG Comp); the powers of the EU Courts; the significance of fundamental rights and the general principles of EU law in competition cases; the application of competition rules to particular sectors of the economy; and the application of the EU rules to the EEA.

scholarly journals Influence, affluence and media salience: Economic resources and lobbying influence in the European Union

2020 ◽  
Vol 21 (4) ◽  
pp. 728-750 ◽  
Author(s):  
Frederik Stevens ◽  
Iskander De Bruycker
Keyword(s):  
European Union ◽  
News Media ◽  
Economic Resources ◽  
Policy Outcomes ◽  
The European Union ◽  
Policy Issues ◽  
The Public ◽  
Beneficial Role ◽  
The Media

This paper evaluates the circumstances under which affluent interest groups wield influence over policy outcomes. Interest group scholarship is ambiguous about the beneficial role of economic resources for lobbying influence. Economically resourceful groups are often presumed to provide more and better expert information to decision-makers and, in exchange, receive more favourable policy concessions. We argue that the beneficial role of economic resources is contingent on the media salience of policy dossiers. We expect that resourceful groups are more influential when issues are discussed behind the public scenes, while their competitive advantage dampens once issues grow salient in the news media. We test our expectations in the context of European Union policymaking, drawing from 183 expert surveys with lobbyists connected to a sample of 41 policy issues. Our empirical findings demonstrate that economic resources matter for lobbying influence, but that their effect is conditional on the media salience of policy issues.

scholarly journals Facing financialization in the housing sector: A human right to adequate housing for all

2020 ◽  
Vol 38 (2) ◽  
pp. 94-114
Author(s):  
Ingrid Leijten ◽  
Kaisa de Bel
Keyword(s):  
Human Rights ◽  
Financial Markets ◽  
Dominant Role ◽  
Local Level ◽  
Wealth Accumulation ◽  
Housing Conditions ◽  
Human Right ◽  
Social Good ◽  
The Right

Housing is increasingly seen as a vehicle for wealth accumulation rather than a social good. ‘Financialization’ of housing refers to the expanding and dominant role of financial markets and corporations in the field of housing, leading to unaffordable and insufficient housing and discrimination. Although clearly linked to the right to adequate housing, financialization and its effects are not often viewed from a human rights perspective. This article fleshes out this important link by illuminating the standards set in relation to the right to adequate housing enshrined in Article 11(1) ICESCR. It is shown that recently, human rights bodies have confronted the issue of financialization more directly, translating general requirements to this particular issue. Moreover, efforts at UN level are mirrored in initiatives at the local level, signalling the beginning of a shift towards a paradigm that complies with human rights. The financialization of housing and the response of human rights also allow for addressing a more general issue, namely the potential of majority protection in times of human rights backlash. In this regard, it is worth emphasising that human rights such as the right to adequate housing protect not only the extreme poor. In the context of financialization, this may contribute to better housing conditions as well as reconnect people to their human rights.

scholarly journals Resistensi Masyarakat Terhadap Pengesahan UU Cipta Kerja Dalam Perspektif Sosiologi Hukum

2021 ◽  
Vol 25 (1) ◽  
pp. 77-91
Author(s):  
Hepridayanti ◽  
Agus Machfud Fauzi
Keyword(s):  
Research Method ◽  
Dominant Role ◽  
Job Creation ◽  
Copyright Law ◽  
Data Sources ◽  
Sociology Of Law ◽  
Community Resistance ◽  
The Public ◽  
Legal Sociology

Abstract The formation of the Draft Law through the Omnibus Law method raises resistance in the community and a number of its contents have caused controversy. The research objective is to find out the concept of the Omnibus Law of the Job Creation Law in a sociological (legal sociology) perspective by focusing on the resistance of the community to the ratification of the Job Creation Law and the role of the company in responding to the process of resistance by the community. The research method uses descriptive qualitative methods, by searching for data sources obtained from various literature studies such as journals, articles, news, mass media and so on. The results show that there are several causes of community resistance to the ratification of the Job Creation Law and the more dominant role of companies in supporting the ratification of the Job Creation Law. The conclusion is that since the draft law becomes the work copyright law, it is still reaping resistance among the public.   Keywords : Community Resistance, Omnibus Law: Law on Employment (Employment), Sociology: Sociology of Law. Abstrak Pembentukan Rancangan Undang-Undang melalui metode Omnibus Law memunculkan resistensi di masyarakat dan sejumlah materi muatannya menimbulkan kontroversi. Tujuan penelitian adalah mengetahui konsep Omnibus Law UU Cipta Kerja dalam perspektif sosiologi (sosiologi hukum) dengan berfokus pada resistensi masyarakat terhadap pengesahan UU Cipta Kerja  dan peran dari perusahaan dalam menanggapi proses penolakan oleh masyarakat. Metode penelitian  menggunakan metode kualitatif yang bersifat deskriptif, dengan mencari sumber data yang diperoleh dari berbagai studi literatur seperti jurnal, artikel, berita, media massa dan lain sebagainya. Hasil penelitian bahwa terdapat beberapa penyebab terjadinya resistensi masyarakat terhadap pengesahan UU Cipta Kerja dan peran perusahaan yang lebih dominan mendukung pengesahan UU Cipta Kerja. Kesimpulan bahwa dengan sejak adanya rancangan undang-undang hingga menjadi undang-undang cipta kerja masih  menuai resistensi di kalangan masyarakat.   Kata Kunci : Resistensi Masyarakat, Omnibus Law: Undang-Undang Cipta Kerja ( Ketenagakerjaan ), Sosiologi: Sosiologi Hukum.      

scholarly journals Implikationen der neuen europäischen Ökonomie

2006 ◽  
Vol 36 (144) ◽  
pp. 325-341 ◽  
Author(s):  
Hans-Jürgen Bieling
Keyword(s):  
Financial Markets ◽  
European Integration ◽  
Financial Integration ◽  
Dominant Role ◽  
Economic Indicators ◽  
Securities Markets ◽  
The Us ◽  
Mode Of Operation

From the mid 1980s onwards, successive deepening and widening of European integration has led to the emergence of a new European economy. Its mode of operation is increasingly subjected to the dynamics of global and European financial markets. This article addresses the question inasmuch financial integration has an impact on the transformation of continental European systems of production and innovation. It argues that this impact is rather negative. For, although financial integration is geared towards the US model, it is not able to capitalise on its economic advantages. On the contrary, economic indicators underline that the previous productive strength and innovative ability of continental European systems are impaired by the dominant role of securities markets.

scholarly journals Post-Brexit Power of European Union From the World Trade Network Analysis

2021 ◽  
pp. 39-47
Author(s):  
Justin Loye ◽  
Katia Jaffrès-Runser ◽  
Dima L. Shepelyansky
Keyword(s):  
European Union ◽  
World Trade ◽  
Dominant Role ◽  
Matrix Analysis ◽  
The European Union ◽  
Trade Network ◽  
Google Matrix ◽  
The World ◽  
Leading Position

We develop the Google matrix analysis of the multiproduct world trade network obtained from the UN COMTRADE database in recent years. The comparison is done between this new approach and the usual Import-Export description of this world trade network. The Google matrix analysis takes into account the multiplicity of trade transactions thus highlighting in a better way the world influence of specific countries and products. It shows that after Brexit, the European Union of 27 countries has the leading position in the world trade network ranking, being ahead of USA and China. Our approach determines also a sensitivity of trade country balance to specific products showing the dominant role of machinery and mineral fuels in multiproduct exchanges. It also underlines the growing influence of Asian countries.

scholarly journals NEW POLICY AND LEGISLATION FOR SOCIAL ECONOMY IN BULGARIA

2019 ◽  
Vol 30 (1) ◽  
pp. 65-72
Author(s):  
Maria Ilcheva
Keyword(s):  
Public Relations ◽  
Social Economy ◽  
Social Enterprises ◽  
Added Value ◽  
The European Union ◽  
Solidarity Economy ◽  
The Public ◽  
The Social ◽  
Current Report

In 2018 the Bulgarian Government has launched a new legislation on the enterprises of social and solidarity economy as a political sign for the recognition of the role of social economy sector in the country. This was an expected result from the recent trend of development of the social economy in Bulgaria and the growing visibility of the sector and its consolidation with the policies of the European Union. At European policy level social economy and social enterprises are identified as a key instrument for employment and innovations which have a major role in overcoming the poverty and social exclusion. The aim of the law is to regulate the public relations related with the social and solidarity economy, the types of social enterprises and the measures for their support as well as the conditions and the requirements for the activities of social enterprises. As this is the first Bulgarian law on social economy it provides the bases for a public policy which stimulates the development of sector and establishes clear rules for a registry of social enterprises and a methodology for measuring the social added value. Тhe purpose of the current report is to provide an overview of the new policy and legislation in Bulgaria and to analyze the expected effects on the development of the social economy sector.

scholarly journals The role of language means in exerting a manipulative impact on the audience (on the example of BBC radio text)

2019 ◽  
Vol 10 (1) ◽  
Author(s):  
Tatiana Vasilenko ◽  
Elena Belova ◽  
Elena Shevarshinova
Keyword(s):  
Text Structure ◽  
British Broadcasting Corporation ◽  
Prosodic Features ◽  
Wide Audience ◽  
The Public ◽  
Leading Role ◽  
Current Events ◽  
Basic Characteristics ◽  
Definition Of

The article touches upon the concept of manipulation, its basic characteristics, and its role in the modern informational society. The authors point out that alongside the informational function, media texts carry out the pragmatic function, namely, they manipulate the public opinion. According to the authors, manipulation is a more negative than positive phenomenon. Besides, there is a definition of radiotext and some considerations concerning its specific features as compared to other types of mediatexts, namely, wide audience, no video, but only audio, etcetera. British Broadcasting Corporation radiotexts have been chosen by the authors as the object of analysis. The authors have considered some historical aspects that determine the manipulative character of radio news. Also, special attention is paid to their structural and linguistic (grammatical, lexical, prosodic) features which are aimed at forming listeners’ opinion about current events. A number of examples from radiotexts are given and their analysis is conducted. The authors state that alongside the text structure and the choice of material itself much attention should be paid to linguistic means, among which prosody is of the greatest importance. Such elements of prosody as tempo, loudness, the use of various tones in final and non-final prosodic groups and the speaker’s timber influence the audience view of the world and draw the listeners’ attention to particular aspects. At the end of the article the authors make a conclusion that taking into consideration the specific features of radiotexts, linguistic, mainly prosodic means play the leading role in the process of manipulation.

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