Search results for "LOAN"
showing 10 items of 122 documents
Urania sloanus (Cramer, 1779) (Lepidoptera: Uraniidae), an Enigmatic Extinct Species in Polish Museum Collections
2019
Urania sloanus is an endemic species in Jamaica. The species probably became extinct at the end of the 19th century or the beginning of the 20th century. During the work on combining the collections of exotic butterflies in the Upper Silesian Museum in Bytom, one specimen of this taxon was found. The discovery of this species in the Museum of Upper Silesia in Bytom led us to search for entomological collections in other Polish museums. As a result of our search, we found three additional specimens: two specimens in the collection of the Museum of Natural History of the University of Wrocław and one at the Zoological Museum of the Polish Academy of Sciences in Warsaw. In total, in the Polish…
Alien Plant Diversity in Mediterranean Wetlands: A Comparative Study within Valencian, Balearic and Sardinian Floras
2018
Although wetlands provide an important range of environmental, social and economic services, they are increasingly subjected to anthropogenic erturbations, amongst which invasion by alien plants is particularly alarming. This paper focuses on the alien flora of wetlands from three territories belonging to the western Mediterranean area: one continental (Valencian Community) and two insular (Balearic Islands and Sardinia), providing a complete checklist for the three territories and a general comparison. In total, 380 alien taxa from 89 families have been reported, being the Valencian Community the area richer in taxa (312), followed by the Balearic Islands (151) and Sardinia (134). The inva…
An electrochemical analysis suggests role of gynodioecy in adaptation to stress in Cortaderia selloana
2018
Cortaderia selloana is an invasive, gynodioecious species prevalent in Mediterranean area which contains both female and hermaphrodite specimens in the wild population. Using voltammetric data we show that the female and hermaphrodite specimens exhibit differential electrochemical response. Cortaderia selloana leaves from two different provenances in the Valencia Mediterranean area, Sueca and Cullera (Comunitat Valenciana, Spain), in the surroundings of the Albufera Natural Park, a peculiar ecosystem containing unspoilt dune beaches and forests, were studied to determine correlation of flower morphology with the plant's ability to adapt to stress conditions. Our data suggests that gynodioec…
Trade, financial openness and dual banking economies: Evidence from GCC Region
2021
Abstract The recent wave of liberalization in Gulf Cooperation Council (GCC) countries has opened up a debate on the role of Islamic finance in the financial development of an economy. Using a comprehensive dataset of 43 Islamic and 49 conventional banks for the period 2007–2015, in this paper, we investigate the impact of trade and financial openness on financial development in the GCC region. We find that trade and financial openness have a positive effect on the profitability of both banking systems, while the interaction term of openness is negative for the profitability of Islamic banks. Moreover, trade and financial openness affect Islamic banks differently than conventional banks. No…
Credit Risk Research: Review and Agenda
2018
This article provides a comprehensive review of scholarly research on credit risk measurement during the last 57 years applying bibliometric citation analysis and elaborates an agenda for future research. The bibliography is compiled using the Institute for Scientific Information (ISI) Web of Science (WOS) database and includes all articles with citations over the period 1960–2016. Specifically, the review is carried out using 1695 articles across 72 countries published in 442 journals by 2928 authors. The findings suggest that credit risk research is multifaceted and can be classified into six streams: (1) defaultable security pricing, (2) default intensity modeling, (3) comparative analys…
Bank Loan Loss Accounting and Its Contracting Effects: The New Expected Loss Models
2019
As a result of the recent financial crisis, several key institutions urged the IASB and the FASB to re-evaluate their models for loan loss accounting and use more forward-looking information. The paper examines the principal features of the new expected loss approach, taking into account the tensions between accounting and prudential objectives with respect to credit losses. We discuss the rationales for the change introduced by IFRS 9 and explore the differences between the IASB and the FASB models. Based on the notions of accounting conservatism and earnings management, we discuss the potential consequences of the new models. While both the FASB and the IASB model are more conservative th…
La nueva oportunidad de la hipoteca inversa
2021
The reverse mortgage is a credit or loan guaranteed by a mortgage that falls on the applicant?s habitual residence, granted at once, or through periodic benefits, to a person who must be over a certain age or prove a degree of disability or dependency, and is not due until the time of death. In view of the doubts that the future of the public pension is raising and the concentration of savings in Spanish property, the reverse mortgage is once again being put on the table as a viable alternative to complement a public pension with little revaluation, in view of the increase in life expectancy and expenses after retirement.
Bank Loan Loss Accounting: Research Implications for the Post-Crisis Debate
2016
The IASB and the FASB have recently re-evaluated the current model underlying loan loss accounting (the ‘incurred loss’). Taking into consideration the G20‘s advice on using more forward-looking information, they introduce a new approach (the ‘expected loss’ model). This paper reviews the academic literature to shed some light on the new expected loss models when applied to the financial industry. The accounting literature discussed in this study outlines both general theoretical findings and empirical evidence that help to infer the potential impact of the new models. Given the link between loan loss impairment and accounting conservatism as well as earnings management, we explore these co…
Estimating the size of the loan sharking market in Italy
2014
In the current economic crisis, the risk is so high that entrepreneurs, commercial activities and even families may turn to the illegal market to obtain liquidity. This article proposes an estimate of the size of the usury credit market in Italy. The estimate is based on the assumption, provided by Guiso1, that before coming to a moneylender the borrower seeks to obtain credit through official channels. The results of our estimates confirm the seriousness of the problem, but provide much lower data than those reported periodically by the media. It is estimated that 372,000 economic activities may have been potentially involved in the usury market in 2012. The volume of loans disbursed in th…
Delayed Coloanal Anastomosis for rectovaginal fistula after colorectal resection for deep endometriosis
2016
The deep infiltrating endometriosis, defined as a subperitoneal infiltration of endometrial implants of ≥ 5 mm involving not only the colorectal tract but also rectovaginal septum, vagina and bladder often requires a challenging surgery. Endometriosis nodes of the rectovaginal septum, if symptomatic, need a resection of the involved colorectal tract with colorectal or coloanal anastomosis. Unfortunately in these cases is not uncommon the possibility of a postoperative rectovaginal fistula (RVF), caused by the weakness of the septum that must be skeletonized to completely remove the endometriosis nodes. Here we present a case of anastomotic leakage with high RVF after colorectal resection an…