Search results for "Debt"
showing 10 items of 295 documents
How costly are debt crises?
2011
The aim of this paper is to assess the short- and medium-term impact of debt crises on GDP. Using an unbalanced panel of 154 countries from 1970 to 2008, the paper shows that debt crises produce significant and long-lasting output losses, reducing output by about 10 percent after eight years. The results also suggest that debt crises tend to be more detrimental than banking and currency crises. The significance of the results is robust to different specifications, identification and endogeneity checks, and datasets.
The global economic crisis as a critical Juncture? The crisis's impact on migration movements and policies in Europe and the US
2016
The current global economic crisis has resulted in the strongest recession in the Organisation for Economic Cooperation and Development (OECD) countries since the Great Depression in the early 1930s and the 1970s oil shocks. This special issue sets out to explore how the most recent economic crisis impacted immigration and immigration-related policy in the United States of America and in European countries that are part of the OECD. The crisis of the late 2000s was offset by the collapse of the subprime US housing market, destabilising the financial system and leading to a sovereign debt crisis. The shock was marked by a “sudden […] deterioration of most, or all, key macroeconomic indicator…
Does landscape diversity influence species fitness in farmland plants ?
2015
In agriculture, landscape management research has proven extremely valuable for explaining species amount, such as how species capture and utilize changed landscape resources to maintain population size and community diversity. What is surprising is the apparent lack of comparable studies on the effects of landscape properties and management on species fitness. Here, we search for "pathological" situations where landscape effects on farmland plant amount mask significantly different effects on fitness. We examined the case of 83 weed species in 256 fields distributed across the UK national scale. Whether at the local scale of the neighborhood or the larger scale of 2 km, we find landscape e…
ScrumBut as an Indicator of Process Debt
2022
Technical debt analysis is used to detect problems in a codebase. Most technical debt indicators rely on measuring the quality of the code, as developers tend to induce recurring technical debt that emerges along with evolution cycles. This debt can emerge when project pressure leads to process deviations, for instance. In agile methods like Scrum, such deviations are commonly known as ScrumButs (like Scrum but …), which can be considered as a form of process debt. In this paper, we investigate two recurring signs of process debt (i.e. code smells and anti-patterns) caused by Scrumbuts. Our contribution investigates typical ScrumBut practices found in agile projects in one company and we re…
Some remarks on the issue of the legality of arrangement proposals under the Polish reorganization law
2018
A Chalcedonian Debt: Observations about the Attempts to Redress the Athenian Fiscal Policy (411-407)
2022
Thucydides and Xenophon report several Athenian fundraisings in Ionia between 411 and 407. For one of them, Xenophon uses the term phoros and specifies that a backlog was due. However, the Athenians had abolished the tribute in 413 and replaced it with eikoste, a tax of one-twentieth on maritime trade. This article proposes to reexamine this well-known historical problem of the phoros reinstatement considering it through the prism of the debt in a contextualized study which leads to reassert, among others, that several tax systems were coexisting.
Vecchi e nuovi problemi in tema di intervento dei creditori nell’esecuzione (note a margine di Cass. S.U. n. 61 del 7 gennaio 2014)
2015
Nel contributo in oggetto l'autore, muovendo dalla decisione delle Sezioni Unite della Cassazione n. 61 del 7 gennaio 2014, coglie l'occasione per riesaminare le vecchie e nuove problematiche sottese all’intervento dei creditori nel processo esecutivo. Il primo tema affrontato è quello della par condicio creditorum, che viene esaminata nella sua storia evolutiva dal Code Napoleon, al suo periodo di massima estensione, dato dal codice del 1940, fino al suo ridimensionamento a seguito delle riforme del 2005. Esamina quindi la possibilità del possibile superamento quoad effectum della distinzione tra intervento di creditori con titolo e senza titolo, alla luce delle evoluzioni della giurisprud…
Liquidation of the Bankruptcy Estate in Poland
2020
The purpose of this study is to present the general principles and general issues of liquidation of the bankruptcy estate under Polish law. It should be stressed that liquidation of the bankruptcy estate is intended to satisfy the creditors of the insolvent debtor. Therefore, the manner of liquidation of the bankruptcy estate has an obvious impact on the final bankruptcy dividend for the creditors. The rules governing the liquidation of the bankrupt’s assets are of the key-importance for the theory of law and the practice. The article defines the directional principles of liquidation of the bankruptcy estate, procedure of liquidation of the bankruptcy estate. The subject of this paper there…
Amended consumer bankruptcy law in Poland
2020
In the presented paper, the author very deeply and thoroughly explains the issue of the currently amended consumer bankruptcy law in Poland. The paper consists of four key parts. In the first part of the paper, the author clarifies the Polish legislation concerning the consumer bankruptcy; in the second part of his paper he analyses the modes of a debt relief for an insolvent natural person through the consumer bankruptcy and consumer arrangement; the third part of the paper deals with the question of the legal character of a consumer debt relief and, finally, in the last part of his paper, the author focuses on the issues of a payment morality of the debtor and its legal importance. The ma…
Modes of debt relief for consumers in Poland
2019
Consumer bankruptcy has been functioning in the Polish legal system since 2008. The serious amendment to the provisions on consumer bankruptcy made by the Act of 30 August 2019 amending the Act – Bankruptcy Law and some other acts (Journal of Laws 2019 item 1802) will certainly have a significant impact on the remarkable increase in the number of bankruptcy cases. Insolvency of natural persons – consumers is a typical social phenomenon, which has a very different background. It can be caused by a sudden change in the life situation related to e.g. deterioration of health, loss of a well-paid job, divorce, death of a spouse, termination of unformal relationship with a partner. Many people ar…