Search results for "G01"
showing 2 items of 12 documents
How viable are spanish credit cooperatives after recent bank capitalization and restructuring regulations?
2011
Over the past three years, major reforms have been approved in Spain in order to restructure the banking sector. The purpose of these reforms has been to reinforce the solvency of credit institutions through recapitalization and integration into larger organizations. The credit cooperatives have not presented any solvency problems which would justify these measures being applied to them. The problem that the financial authorities see in their case is their limited size. As a result, the credit cooperatives are immersed in an integration process which is not revolving around the Banco Cooperativo Español (BCE) or the Spanish Association of Rural Savings Banks, as might be expected, but is ta…
CAUSES AND CONSEQUENCES OF THE 2008-2009 INTERNATIONAL FINANCIAL CRISIS
2012
The paper investigates the current crisis and its major consequences in a shifting world. Originated from the USA, the crisis spread in the world and disturbed its power distribution. The emerging countries development of the last two decades illustrates the catching-up process. The findings also confirm the increased role of the Chinese economy today. The Chinese growth in comparison with the USA economic path is a mirror for the future world architecture. The consequences of the international financial crisis are focused on the fact that the developed countries will lose gradually their privileges in the shifting of economic power.