Search results for "Crisi"
showing 10 items of 1042 documents
Unemployment Transitions to Stable and Unstable Jobs Before and During the Crisis
2014
Using administrative records data from Spanish Social Security, we analyse the pattern and the determinants of individual unemployment benefit spell durations. We compare a period of expansion (2005-2007) and the recent recession (2009-2011), allowing us to determine the impact of the current crisis. In line with the duality that characterizes the Spanish labour market, we distinguish between exits to a stable job and exits to an unstable job. We estimate a Multivariate Mixed Proportional Hazard Model for each time period. We find similar effects of the crisis for stable and unstable jobs, which are particularly strong in the first year of the spell. Moreover, slight negative duration depen…
Introduzione. Il nuovo codice della crisi d'impresa e dell'insolvenza: cosa cambia per i lavoratori.
2019
Il saggio esamina le principali novità in materia di tutela dei lavoratori nella crisi di impresa
A comparative statistical analysis between the italian local banks, the effects of the financial crisis on funding and credit policies
2014
This work intends to carry out a comparative statistics between Italian banks (both co-operative banks that banks) about their economic and corporate profiles in the period immediately before (2006-2007) and in the immediate aftermath (2008- 2011) to the international financial crisis. In this way, we will try to investigate whether the global economic shock caused any differences between these banks in their funding policies, credit policies.
The apocryphal: prototype of a subjectivity in crisis
2013
The introduction of this paper reviews the concept of the subject, which originated in classical antiquity and developed in Western culture up to the Enlightenment and Romanticism with the addition of new aspects but without questioning its foundation as a substantial Subject. The first major crisis of this received view took place in the first quarter of the twentieth century after the assimilation of the works by Marx, Freud or Nietzsche, which laid the foundations of a thorough criticism on the subject. One important feature of this crisis was the proliferation of apocryphal writing, which reached new models in the works of Fernando Pessoa and Antonio Machado. Between them lies the scope…
Switching to floating exchange rates, devaluations, and stock returns in MENA countries
2012
Abstract We test for the impact of the announcements of floating and/or devaluating the exchange rate on stock returns in three MENA countries after the financial crises they experienced. We, first, use an event-study methodology to test for event-induced abnormal volatility of stock returns in Egypt, Morocco and Turkey. We, then, use three different methodologies to test for abnormal returns: a traditional approach and two approaches that control for event-induced volatility. We find clear evidence of abnormal volatility and abnormal returns due to the floating of the Egyptian and Turkish exchange rates in 2003 and 2001, respectively. In contrast, our results do not show that the devaluati…
Statistical Analysis of the Indicators that have Influenced the Standard of Living in Romania During the Economic Crisis
2015
Abstract As all the countries in the world, Romania is going through a period of large and deep economic, financial and social changes. The negative effects of the economic crisis are well known: Increase of unemployment rate, sharp decrease of incomes because of the imposed political measures and decrease of purchasing power resulting in a decrease of the quality of life. The quality of life may be assessed based on several macroeconomic indicators, such as: GD per capita, population incomes or expenses, population consumption, indicators that are the foundation of the analyses that may help taking decisions regarding the social and economic policies aimed to the increase of the standard o…
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 longlasting 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. In addition, the debt ratio increased more in countries with higher initial gross debt-to-GDP ratio, with a higher share of foreign debt, and with a lower qu…
Sovereign debt spreads in EMU: The time-varying role of fundamentals and market distrust
2017
Abstract This paper provides further analysis on the determinants of sovereign debt spreads for peripheral Eurozone countries since the start of EMU, paying special attention to episodes that characterized the global financial crisis aftermath starting in 2007. More specifically, the purpose of our research is to disentangle the role of fundamental variables and market perception about variations on risk in order to explain the evolution of sovereign spreads in EMU during the recent crisis. Our results, in line with previous literature, show the importance of three groups of observable variables, namely, changes in risk-aversion of creditors, fiscal indebtedness and liquidity variables. In …
The Impact of Credit on Economic Growth in the Global Crisis Context
2013
Abstract Is there a connection between credit and economic growth in the present economic context? Credit was one of the factors which triggered the global crisis, thus, in the present paper we attempt to show whether there is a connection between credit and economic growth, the economy being unable to develop in the absence of credit. With the aid of a statistic software we have tried to determine the supposed existence of a connection between the GDP, credits offered to public administration and credits offered to households. The results of the analysis show that credits offered to households contribute to a greater extent to the formation of the GDP than credits offered to public adminis…
How to pay for the debt — Coping with the Third World's crisis
1990
The Brady Plan is the first official proposal to give priority to a tangible reduction in the debtor countries' debt service burden and is thus a milestone along the path towards overcoming the international debt crisis. However, the instruments foreseen in the Plan virtually invite criticism and scepticism. What are the main inadequacies of the Brady Plan? How can the international debt strategy be developed further and made more effective?