Search results for " Crisis"
showing 10 items of 561 documents
The Consequences of Banking Crises for Public Debt
2010
The aim of this paper is to assess the consequences of banking crises for public debt. Using an unbalanced panel of 154 countries from 1980 to 2006, the paper shows that banking crises are associated with a significant and long-lasting increase in government debt. The effect is a function of the severity of the crisis. In particular, for severe crises, comparable to the most recent one in terms of output losses, banking crises are followed by a medium-term increase of about 37 percentage points in the government gross debt-to-GDP ratio. Measuring the increase in debt in this manner seems more appropriate than some of the measures used in the literature that have provided off-quoted and very…
The changing structure of banking firms and industry: an analysis through the European banks' balance sheets
2013
This paper analyzes the changing structure of the Italian and European banking firms and industry. The main aim is to identify the fundamental changes of the underlying economics of banking through the analysis of banks’ balance sheets. In this paper, we provide evidence that commercial banks have progressively moved from traditional banking to new forms of financial intermediation. The paper discusses the implications of this changes in terms of business models of banking firms, business operations of banks, structure of the financial system and banking industry. The research points out that the role of traditional bank is in decline. It is changing the fundamentals of banking business. Ba…
2013 ECONOMY MOMENTUM CHALLENGES FOR NEXT 10 YEARS
2013
Last 5 years of almost unprecedented financial market turmoil it s still generating comprehensive crisis theories, market paradigms and nevertheless unprecedented situations. The aim of this paper is to explain 2013 milestone momentum for new market rules and regulations implementation - Basel III. The expected immediate cushion factors as well the possible negative impact on financial markets is presented from financial institutions perspective. Finally, the paper seeks for an exploratory after 10 years scenario connected with imminent market evolution and tendencies.
Identity and Cultural Transition: Lessons to Learn from a Negative Case Analysis
2020
In this paper, we present a single case study of identity crisis that unfolded in the cultural transition context. Our participant was ‘Jenni’ – a 26 years old female basketball player with the dou...
Les figures du trauma chez Simone de Beauvoir
2018
The work of de Beauvoir expresses the trauma of being unable to reach the Absolute by an introverted individual, breaking with the image of the writer as an eternal optimist, whose life was filled with pleasures and journeys. Considering her individualism, this article will take an interdisciplinary view at the contrast between the desire for existence and its absence, the search for identity and the dialectic of existentialism. Selected autobiographical works and essays will illustrate how the trauma in the discourse of the writer manifests itself through fear, sadness, loneliness, anxiety, or suffering, expressing loss of faith, despair, internal crisis, and obsession with death, which ar…
Kryzys parlamentaryzmu a majowy zamach stanu w aspekcie bezpieczeństwa narodowego
2017
Demokracja parlamentarna nie jest typem ustroju, który może sprawnie i stabilnie funkcjonować bez solidnych podstaw ekonomicznych i społecznych, ugruntowanej i opartej na kompromisie tradycji uprawiania polityki oraz postaw obywatelskich pośród polityków i społeczeństwa. Porzucenie demokracji czyjej częściowe ograniczenie, aczkolwiek usprawiedliwione ideą racji stanu w celu wzmocnienia szeroko pojętego bezpieczeństwa narodowego, nie musi okazać się właściwym lekarstwem na problemy, z jakimi boryka się państwo. Kryzys parlamentaryzmu i przewrót majowy, zamykają okres, w którym sejm stanowił organ ostatecznie decydujący o składzie i istnieniu kolejnych rządów. Formalną zmianę we wzajemnym usy…
Digital Resilience to Normal Accidents in High-Reliability Organizations
2021
Digital technologies play a dual role on organizational resilience. On one side, digital systems introduce new technological risks. On the other side, digital systems increase the performances in response to hazardous accidents. Normal Accident Theory (NAT) and High-Reliability Organization (HRO) provide useful ground to explain the dynamics of digital resilience. However, the two theories have been either used as alternatives or with one theory dominating the other. We posit that to fully understand digital resilience we need to integrate NAT and HRO concepts instead of using them in isolation. We conduct a bibliometric analysis to identify major themes and application domains characterizi…
Volatility spillovers in the European bank CDS market
2015
From the 2007 subprime crisis to the recent Eurozone debt crisis,the banking industry has experienced terrible financial instabilitywith increasing volatility levels of bank default probability. UsingEuropean CDS spreads data from January 2006 to March 2013, thispaper sheds light on the impact of three recent significant events ofcredit risk volatility transmission between, firstly, Eurozone andnon-Eurozone banks, and then between distressed peripheral andcore countries inside the Eurozone. We employ an asymmetricmultivariate BEKK model to measure cross-market volatility spil-lovers. We find that both recent crises are distinct episodes. Theglobal financial crisis that originated outside Eu…
Carbonate deposition and diagenesis in evaporitic environments: The evaporative and sulphur-bearing limestones during the settlement of the Messinian…
2015
The depositional and diagenetic processes involved in the formation of carbonates in the evaporitic environment of the Messinian Salinity Crisis are investigated in Southern Italy (Sicily and Calabria). Strong differences are observed between the studied sections that reflect specific depositional and diagenetic evolution in the interconnected sub-basins resulting from the syn-sedimentary tectonic fragmentation of the Central Sicilian and Calabrian domains. These carbonates formed diachronously in restricted perched sub-basins between the Tripoli Formation and the hypersaline settings of the MSC. The Calcare di Base (CdB) that can be interbedded with gypsum layers occurs rhythmically at the…
Microbial-mediated pre-salt carbonate deposition during the Messinian salinity crisis (Calcare di Base fm., Southern Italy)
2017
Abstract A multi-scale analysis of sedimentary carbonate facies and post-sedimentary diagenetic features of the Calcare di Base Formation, the precursor to evaporites in Upper Messinian successions of Northern Calabria and Central Sicily, has revealed their microbial bio-mediated origin. Massive to laminated microbial boundstones represent the most common sedimentary facies forming flat to low relief cm to m scale stromatolitic and thrombolitic bodies. The fabric of the micrite varies from peloidal to aphanitic, and almost always preserves filamentous bacteria which characterized the original microbial mat. The mat was dominated by sulphur-oxidizing bacteria belonging to the Thiotrichaceae,…