Search results for " Crisi"
showing 10 items of 669 documents
Bank Reliability Assessment Model: Case of Latvia
2020
Reliable and stable banks are an important precondition for the sustainable development of national economy. The objective of the chapter is to design a model allowing assessment of bank reliability in the context of bank financial strength. The model is designed using publicly available financial statement data of Latvian commercial banks, in the period of 2003–2016, macroeconomic data as well as aggregate statistical data of Latvian banking sector. The model allows calculation of ratings reflecting reliability level of banks. The model is designed based on the multiple choice model ordered logit. The chapter identifies the most important factors reflecting reliability level of banks, incl…
Corporate Governance of Banks after the Financial Crisis - Theory, Evidence, Reforms
2010
Poor corporate governance of banks has increasingly been acknowledged as an important cause of the recent financial crisis. Given the developments since the Asian financial crisis in 1997, this fact is not readily to be explained. Listed banks and even non-listed firms worldwide have publicly emphasized that good corporate governance is of vital concern for the company, and have adopted firm-specific corporate governance codices. Moreover, banking supervisors have taken up the issue. In particular, the Basel Committee on Banking Supervision has already published two editions of a guideline entitled “Enhancing corporate governance for banking organisations” which perfectly reflects the super…
Shopping malls and neoliberal trends in Southern European cities: post-metropolitan challenges for urban planning policy
2016
Whilst shopping malls have been explored at length by critical urban studies, there has been little exploration of their role in restructuring the practice of urban and spatial planning. This article uses the shopping mall as an object of study in the light of the neoliberal trends and post-metropolisation in Southern Europe, with the aim of exploring challenges for urban governance and planning practice and with a focus on the role of the ongoing economic crisis. A threefold exploratory framework – the ‘lost-in-time scenario’, the ‘messianic mall model’ and the ‘(im)mature planning explanation’ – is used to make sense of the local versions of shopping mall development in Lisbon (Portugal) …
Ocupación y economía social durante la última década (2007-2017)
2018
En el presente artículo, se analiza la evolución del empleo en la economía social desde los años previos a la crisis (2008-2014) y, especialmente, su calidad. Las hipótesis que guían el análisis son dos. En primer lugar, que la economía social ha desempeñado un importante papel, primero, en la generación de empleo, luego, en su conservación durante la crisis. En segundo lugar, que en la economía social coexisten condiciones laborales diversas, de modo que las de algunas entidades y las de algunas actividades productivas no siempre responden a los estándares de calidad. Las fuentes básicas de información son secundarias. También, se han efectuado entrevistas en profundidad a personas respons…
Le reportage sentimental: “variations imaginatives” et intertextualité dans La Vénus Internationale de Pierre Mac Orlan
2016
Pierre Mac Orlan is the witness of an age of crisis and of the emergence of a new sensibility. His writing is characterized by a formal and thematic ambiguity which has generated mistrust for his novels. The social fantastique that creates the unusual through objects and elements of modern cities offers an innovative approach to reality and a new poetics of the imaginary. Thus, through Ricoeur's theory on the imaginary, we will try to show that the ambiguity of Mac Orlan hides a new approach to the relationship between reality and imagination, between history and literature.
Family Firms strategies in times of crisis: a study of the influence of socio-emotional wealth and Top Management Team characteristics
2023
Las empresas familiares representan la mayor parte de la economía mundial, contribuyen a la generación de cerca del 70% del PIB a nivel global, crean el 60% de los puestos de trabajo en el mundo y es el tipo de empresa predominante en la mayoría de las economías desarrolladas, llegando a representar al 65% de las empresas existentes en el mundo. Concretamente en España representan el 89% del total de empresas existentes, proveen el 67% de los puestos de trabajo del país y contribuyen a la generación del 57% del PIB nacional. A pesar de la importancia de las empresas familiares en la economía mundial y de su importante papel en la sociedad, menos del 30% de las empresas alcanzan la segunda g…
Eurocity London: a qualitative comparison of graduate migration from Germany, Italy and Latvia
2016
This paper compares the motivations and characteristics of the recent migration to London of young-adult graduates from Germany, Italy and Latvia. Conceptually the paper links three domains: the theory of core–periphery structures within Europe; the notion of London as both a global city and a ‘Eurocity’; and the trope of ‘crisis’. The dataset analysed consists of 95 in-depth biographical interviews and the paper’s main objective is to tease out the narrative similarities and differences between the three groups interviewed. Each of the three nationalities represents a different geo-economic positioning within Europe. German graduates move from one economically prosperous country to another…
Impact of the subprime crisis on bank ratings: The effect of the hardening of rating policies and worsening of solvency
2014
Abstract This paper studies the impact of the subprime crisis on the ratings issued by the rating agencies in evaluating the solvency of banks. After ascertaining a significant worsening of ratings after the crisis, the paper hypothesises the possibility that this worsening is due not exclusively to a deterioration in the banks’ credit quality, but also to a change in the behaviour of the rating agencies. The study designs a methodology to separate the observed change in ratings into two multiplicative components: one associated with the deterioration of the banks’ solvency itself and another associated with the change in the agencies’ valuation criteria. The methodology is applied to the S…
Network-Based Computational Techniques to Determine the Risk Drivers of Bank Failures During a Systemic Banking Crisis
2018
This paper employs a computational model of solvency and liquidity contagion assessing the vulnerability of banks to systemic risk. We find that the main risk drivers relate to the financial connections a bank has and the market concentration, apart from the size of the bank triggering the contagion, while balance sheets play only a minor role. We also find that market concentration might facilitate banks to withstand liquidity shocks better while exposing them to larger solvency chocks. Our results are validated through an out-of-sample forecasting that shows that both type I and type II prediction errors are reduced if we include network characteristics in our prediction model.
Migration in southern Europe: The peripheral incorporation in crisis
2016
En este trabajo se analizan los resultados principales de una investigación comparativa sobre la migración, la integración social de los migrantes y las políticas públicas hacia los inmigrantes en Campania (Italia) y Extremadura (España). Nuestra perspectiva se basa en el concepto de incorporación periférica de los inmigrantes en la sociedad local. Nuestro punto de partida, por lo tanto, fue la idea de que, en estas regiones poco desarrolladas del sur de Europa, la sociedad local incluye a los inmigrantes en la medida en que ayudan en hacer frente a la globalización económica y la reducción de las políticas sociales. La investigación, realizada en 2014 principalmente a través de una encuest…