market instability
Recently Published Documents


TOTAL DOCUMENTS

137
(FIVE YEARS 47)

H-INDEX

12
(FIVE YEARS 3)

2022 ◽  
Vol 14 (2) ◽  
pp. 24
Author(s):  
Ping Ren ◽  
Buting Hong ◽  
Siying Zhu

In this paper, based on a field survey on typical villages in a Chinese metropolis suburb, we employ a risk matrix and the Borda ranking method to evaluate risks related to transfer of rural housing land for tourism development from the perspectives of different stakeholders. We also make suggestions regarding how to standardize transfers and revitalize utilization of rural housing land use rights. Combining qualitative analysis and quantitative analysis, the risk matrix determines the various risk levels faced by different stakeholders in the circulation of rural housing land for tourism development from two dimensions: risk impact degree and risk occurrence probability. Then, the Borda ranking method can subdivide the risk types within each risk level, thus identifying the most critical risks. Our results indicate that (1) unfair distribution of income from land transfers is the major risk faced by farm households and directly decides their willingness to transfer their housing land; (2) market instability is the prime risk factor faced by social investors, and together with project progress risk, indirectly leads to occurrence of operation risk and severely affects the motivation of social investors to invest in transfer, development and operation of rural housing land for tourism development; (3) disappearance of countryside characteristics is the critical risk factor faced by village collectives, and coordination and management risk is the main impediment that blocks the process of transfer of rural housing land for tourism development; and (4) other risks confronted by stakeholders in land transfer, although not the main ones, still need to be granted great importance and followed up closely. Therefore, it is necessary not only to establish appropriate risk avoidance measures for different critical risk factors faced by different stakeholders of such land transfers, but also to strengthen study of the association between the risks, identify the conduction effect of direct and indirect risks, macro and micro risks, and before action and after action risks, and improve the ability to prevent and mitigate these risks.


2022 ◽  
pp. 000276422110660
Author(s):  
Heba Gowayed ◽  
Ashley Mears ◽  
Nicholas Occhiuto

How, in the wake of the coronavirus crisis, do workers respond to rapid changes in the labor market? This paper mobilizes existing literature on occupational mobility and job loss to develop a theory of situational human capital in which some workers are better positioned to weather occupational transitions than others depending on the alignment between their skill sets, opportunities, and particular contexts. Previous literature looks at this in the case of “pausing,” when workers, such as women, take time off from work. Relatively less explored but equally consequential are transitions like “pivoting,” in which workers maneuver within their occupations to adjust their practices or platforms in order to keep working, and “shifting,” in which workers change their occupations altogether. Since most government unemployment benefits focus almost exclusively on workers’ pauses, they neglect to support workers as they pivot and shift during periods of labor market instability and disruption. This paper concludes by offering some policy recommendations to fill this gap.


Author(s):  
O. O. Drahan ◽  
I. O. Herasymenko ◽  
N. O. Verniuk

The aggravation of problems in the banking system is generally associated with the deterioration of the financial condition of some banks under the COVID-19 pandemic, military aggression in eastern Ukraine and the need to introduce anti-crisis management. The lack of timely and effective crisis management has led to the liquidation of more than forty commercial banks over the past five years. The need for crisis management by domestic banks is exacerbated by the instability of the financial market and requires a review of views on the essence of crisis management. The purpose of the article is to develop theoretical provisions for crisis management in conditions of financial market instability. The theoretical and methodological basis of the study were the scientific works of domestic and foreign scientists. Scientists most often associate anti-crisis bank management with the banking crisis, that is, the state of the entire banking system, and at the same time level other destructive factors. The set of commercial banks that received a net loss was determined: A critical analysis of the definitions of domestic scientists, the concept of "anti-crisis management of the bank" and identified the following groups of approaches: as a process of identifying, preventing and overcoming crisis phenomena; as a process aimed at identifying and preventing crisis situations; as measures taken during the crisis; as measures to rehabilitate the bank; as measures to increase the solvency of the bank; as a component of the bank's financial stability management; as a component of achieving the effective functioning of the bank; as a system for counteracting the bankruptcy of the bank. It is proposed to understand the essence of the category "anti-crisis management of the bank" as a special type of management, interpreted in a narrow and broad sense with the need for specific types and management methods and carried out to diagnose, prevent, neutralize and overcome crisis phenomena, including financial instability market.


2021 ◽  
Vol 14 ◽  
pp. 63-68
Author(s):  
Jiuding Li ◽  
Youchuan Cui

the maturity of interest rate marketization marks the transformation of China's interest rate system from the traditional interest rate model to the new one.As an important participant in the reform of interest rate marketization, commercial banks are faced with many challenges, such as the decline of profit level, the substantial increase of operational risk, the increase of financial market instability, and the increase of liquidity risk.They should actively explore new business and management concepts, adopt measures to improve the prices of financial products and derivatives, introduce risk management and control mechanism, develop bank's intermediate business, and promote the development of bank's intermediate business In order to ensure the healthy and stable development of commercial banks, we should take positive measures such as strengthening the ability of debt management, reasonably dealing with the challenge of interest rate marketization.


2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Robert Jeszke ◽  
Sebastian Lizak

Abstract The rapid increases of European Union Allowance (EUA) prices and very high market volatility, resulting mainly from the growing role of speculative entities, can contribute to forming a price bubble. This may cause the market instability and could have a implications on planning future reduction investments by European Union Emissions Trading Scheme (EU ETS) participants. That is why they need some kind of ‘safety valve’, an effective EU ETS instrument, which can be triggered when the situation requires it. The purpose of this paper is to examine whether the current legislative rules of the EU ETS protect against sudden EUA price fluctuation and the risk of formation of a price bubble. This paper tries to assess the potential EUA price bubble and to review of existing instruments within the EU ETS, analysing their efficiency using different assumptions and identify channels of possible other market instruments to efficiently prevent the carbon market instability caused by rising EUA prices and market speculation. We argue that the European Commission (EC) does not currently have an appropriate market instrument to respond to the EUA price fluctuation. Moreover, there are some legislative loopholes in the system, which may encourage market speculators to influence EUA prices, and there is need to introduce better market safeguards.


2021 ◽  
pp. 030631272110485
Author(s):  
Bo Hee Min ◽  
Christian Borch

This article examines algorithmic trading and some key failures and risks associated with it, including so-called algorithmic ‘flash crashes’. Drawing on documentary sources, 189 interviews with market participants, and fieldwork conducted at an algorithmic trading firm, we argue that automated markets are characterized by tight coupling and complex interactions, which render them prone to large-scale technological accidents, according to Perrow’s normal accident theory. We suggest that the implementation of ideas from research into high-reliability organizations offers a way for trading firms to curb some of the technological risk associated with algorithmic trading. Paradoxically, however, certain systemic conditions in markets can allow individual firms’ high-reliability practices to exacerbate market instability, rather than reduce it. We therefore conclude that in order to make automated markets more stable (and curb the impact of failures), it is important to both widely implement reliability-enhancing practices in trading firms and address the systemic risks that follow from the tight coupling and complex interactions of markets.


2021 ◽  
Author(s):  
Nicholas Mangee

'Animal spirits' is a term that describes the instincts and emotions driving human behaviour in economic settings. In recent years, this concept has been discussed in relation to the emerging field of narrative economics. When unscheduled events hit the stock market, from corporate scandals and technological breakthroughs to recessions and pandemics, relationships driving returns change in unforeseeable ways. To deal with uncertainty, investors engage in narratives which simplify the complexity of real-time, non-routine change. This book assesses the novelty-narrative hypothesis for the U.S. stock market by conducting a comprehensive investigation of unscheduled events using big data textual analysis of financial news. This important contribution to the field of narrative economics finds that major macro events and associated narratives spill over into the churning stream of corporate novelty and sub-narratives, spawning different forms of unforeseeable stock market instability.


Sign in / Sign up

Export Citation Format

Share Document