Search results for "Crisis"

Structural Reforms in Banking: The Role of Trading

2017

In the wake of the recent financial crisis, significant regulatory actions have been taken aimed at limiting risks emanating from trading in bank business models. Prominent reform proposals are the Volcker Rule in the U.S., the Vickers Report in the UK, and, based on the Liikanen proposal, the Barnier proposal in the EU. A major element of these reforms is to separate "classical" commercial banking activities from securities trading activities, notably from proprietary trading. While the reforms are at different stages of implementation, there is a strong ongoing discussion on what possible economic consequences are to be expected. The goal of this paper is to look at the alternative approa…

Insider Trading and Market Behaviour Around Takeover Announcements in the Spanish Market

2002

As microstructure models assume informational asymmetries among investors, the possibility of insider trading is a sound reason for liquidity suppliers to increase the bid-ask spread. In this way, the tested effect that takeover announcements have on target firm returns becomes a strong motive for trading with insider information. In this paper we firstly investigate whether liquidity suppliers value the possibility of trading with informed agents in this sort of event. We analyse the adverse selection cost from bid-ask spread behaviour around takeover announcements. We find that liquidity suppliers enlarge adverse selection cost suggesting that they value the possibility of facing to insid…

¿Se acercan los dos Foros?

2002

Faces of companies: Personalization of corporate coverage in crisis and non-crisis periods

2020

Journalists need to make complex economic issues comprehensible for their readers. One possibility to do so is using personalization and putting company representatives (e.g. CEO, spokesperson) instead of the company as an organization in the focus of their work. Especially in times of crisis, the use of personalization could increase because crises are often associated with great uncertainty and complexity. Therefore, this study examines personalization in corporate coverage during crisis and non-crisis periods. To this end, we analyzed the coverage of four different German print media before, during, and after six selected corporate crises using a quantitative content analysis. The study…

El virreinato del arzobispo de Valencia Fray Pedro de Urbina (1650-1652)

2010

El presente artículo analiza el virreinato del arzobispo de Valencia fray Pedro de Urbina, comprendido entre 1650 y 1652 y marcado por el bandolerismo endémico que asolaba el reino; las repercusiones de la guerra de Cataluña en el territorio regnícola; la crisis política del cap i casal; y el pulso sostenido por canónigos y pavordes en el seno de la catedral a resultas de las preeminencias reclamadas por unos y otros. (A)

Economía criminal y terror

2001

La crisis que hace temblar al capitalismo

2008

Virtual and Augmented Reality in Finance: State Visibility of Events and Risk"

2021

This chapter reflected on the potential of Virtual Reality and Augmented Reality (VR / AR) technologies in supporting the dynamics of global financial systems and in addressing the grand challenges posed by unexpected events and crisis. The chapter briefly overviewed traditional VR/AR uses and described three early attempts to use 3D/ VR / AR technologies in Finance. In light of the recent financial crisis, there is a potential added valued in harnessing the use of VR/AR technologies to convey a greater visibility of the financial state (including visibility of financial risk). Various dimensions of the problem are considered. The chapter suggested a blend of service oriented computing SOC …

The Financial Crisis: An Introduction

2020

This section discusses the origins of the Eurozone crisis in European Monetary Union before discussing various dimensions of how the Eurozone coped, its impact on integration, and the crisis’ implications for the future of the EU. While the authors all show that the EU’s response to the financial crisis reflected the scenario ‘muddling through,’ they have different perspectives on the future of integration post crisis. Rosen and Olsen point out that the austerity policies implemented after crisis resulted in collective protest movements across Europe. Tranoy and Stenstad highlight the failure of financial sector reforms to reset the social role of finance in a more equitable way. Caporaso a…

The Messinian stromatolites of the Sierra del Colmenar (Western Mediterranean): facies characterization and sedimentological interpretation

2018

A representative outcrop of the Messinian stromatolites belonging to the Terminal Carbonate Complex unit, from the northern sector of the Bajo Segura basin (Caja de Ahorros del Mediterraneo section, Sierra del Colmenar, SE Spain) has been studied. Here, we present a detailed analysis of the architecture, external morphology, and internal morphology in order to reconstruct the environmental and palaeoecological conditions for their growth. The stromatolites macrostructure consists of a continuously doming type morphology (build up and sheets areas).These developed close to the coast and acted as a palaeogeographic barrier, reducing physical stress, channeling the erosive effect of water and …