Search results for "Banks"

A qualitative analysis of bank credit risk disclosure: Evidence from the Canadian and Italian banking sectors

2022

This paper aims to analyze bank credit risk disclosure practices in two different geographical contexts characterized by a homogeneous regulatory framework (Canada and Italy), by means of a qualitative content analysis methodology. We employ an innovative approach, which allows us to investigate both the qualitative and quantitative profiles of disclosures. Unlike an entirely quantitative approach, this comprehensive methodology allows us to analyze in depth the disclosure practices of Canadian and Italian banks and detect their commonalities, differences, points of strength, and weaknesses. Our results show that although there are some variations in the disclosure practices of Canadian and…

Preserving Financial Stability in Times of Crisis. A Tale of Two Public Banks: Monte dei Paschi di Siena and Banco di Sicilia, 1929-1940

2018

In this paper, we investigate the contrasting business strategies and models adopted by two major Italian public banks in the 1930s. Monte dei Paschi di Siena and Banco di Sicilia are interesting case studies for a number of reasons: their strong regional connections; their prolonged struggle for political independence from the national monetary authorities; their common attempt to modify the scale and scope of their business with the creation of integrated banking groups; and their early internationalization of activities. We examine how the two banks were affected by (and involved in) the major financial and economic crisis of the 1930s and show how external shocks altered their banking s…

Economic moralities in self-organised alternative economies : the Finnish cases of ridesharing and timebanking

2020

PurposeThis paper explores economic moralities in self-organised alternative economies and argues that the diverse economies approach is particularly useful in elaborating the self-understandings of such economic communities. The analysis focuses on two types of alternative economies in Finland: ridesharing and timebanking.Design/methodology/approachThrough qualitative data, the paper looks into moments of negotiation where economic moralities of self-organised alternative economies are explicitly debated. The main research data consists of social media conversations, supplemented by a member survey for the participants of the studied timebank. The data are analysed through theory-guided qu…

A Need for a Paradigm Shift in the Spanish Banking Sector? The Evolution from Regional to Multinational Banks in Spain.

2014

Since the approval of Spain¿s 2012 National Budget on March 30, 2012, some doubts and controversies have added up to many fears in the private sector regarding the measures and stimuli that the Spanish government was going to undertake. At the same time, this situation was in some measure aggravated by the financial backlog of many small and medium companies, which are and will continue, in the following years to be completely unable to comply with their financial requirements. In line with Boronat Ombuena¿s (2009a, 2009b, 2010, 2012) requirements in his new approach to finance and private sector liaisons, the purpose of this paper is to analyze the recent years of the credit …

Fair immunization and network topology of complex financial ecosystems

2023

The aftermath of the recent financial crisis has shown how expensive and unfair the stabilization of financial ecosystems can be. The main cause is the level of complexity of financial interactions that poses a problem for regulators. We provide an analytical framework that decomposes complex ecosystems in both their overall level of instability and the contribution of institutions to instability. These ingredients are then used to study the pathways of the ecosystems towards stability by means of immunization schemes. The latter can be designed to penalize institutions proportionally to their contribution to instability, and therefore enhance fairness. We show that fair immunization scheme…

Monetary Policy Rules: From Adam Smith to John Taylor

2012

We describe, through the lenses of history, the intellectual origins of the Taylor rule. The Taylor rule was an important component of the transformation that swept through the monetary policy landascape in a remarkable few years following the abandonment of monetary targeting. In this long paper we provide an original overview of the long-dated debate on rules vs discretion in monetary policy, ever since Adam Smith and the monetary controversies of the XIX century. We then analyse in greater detail the debates in the interwar years (Wicksell, Keynes, Cassel, Simons, Fisher) and the debates in the 1950s and 1960s (Phillips, Friedman, the rational expectation hipothesis) and how these debate…

The Effect of Long-Term Storage on the Biological and Histological Properties of Cryopreserved Amniotic Membrane

2011

Cryopreserved amniotic membrane (AM) is widely used in ophthalmology because of its anti-angiogenic, anti-inflammatory, and wound healing promoting capabilities. A common method to conserve the tissue is the storage in cryo-medium containing 50% glycerol at -80°C. The aim of this study was to examine the influence of storage time on the sterility as well as the histological and biological properties of cryopreserved AM.Amniotic membrane from different donors was stored in cell culture media containing 50% glycerol for different time periods, on average 4 months (group 1), 15 months (group 2), and 24 months (group 3), at -80°C. Samples of the tissue and cryo-medium were examined for bacteria…

Risku vadība Zviedrijas bankās

2021

Paaugstināta tirgus nepastāvība, finanšu krīzes un ekonomikas lejupslīde radīja risku pārvaldības ideju kā vienu no visvairāk pieaugošajām bažām banku nozarē. Pēdējās desmitgadēs, īpaši pēc 2008. Gada finanšu krīzes, riska pārvaldības jēdziens ir piedzīvojis transformācijas pārmaiņas. Šīs tēzes mērķis ir uztvert pašreizējo riska pārvaldības scenāriju bankās, kas darbojas Zviedrijas tirgū. Darbs sākas ar vēsturiskā un mūsdienu riska jēdziena analīzi, kam seko riska pārvaldības jēdziena novērtējums un tā piemērošana banku un finanšu iestādēs. Lai koncepcija būtu precīza un saprotama, ir apspriesta arī dažāda riska pārvaldības prakse un ietvars. Pētījums tika veikts, lai apgaismotu dažādus pri…

Money creation and the state : A critical assessment ofchartalism

2004

International audience; The article discusses various issues related to money creation and the state. Chartalists believe that attempts at separating the central bank's and the treasury's functions is merely confused discussion. Indeed, as economist L. Wray clearly states in response to previous critiques, it should be obvious, but it usually does not appear to be so that central bank liabilities do not differ in any significant degree from treasury liabilities; in other words, they can treat both as essentially high powered money or liabilities of the state. In this sense, Wray proposes to simply consolidate the central bank and the treasury, calling the conglomerate the State, and combine…

Conversations with Russell Banks

2010