Search results for "crisis"

Financial Crisis and the Changing Structure of Banking Firms and Industry: a Cross Country Analysis

2013

This paper analyzes the changing structure of the Italian and European banking firms and industry. The main aim is to identify the fundamental changes of the underlying economics of banking through the analysis of banks’ balance sheets. Commercial banks have progressively moved from traditional banking to new forms of financial intermediation. It is changing the fundamentals of banking business. The paper discusses the implications of this changing in terms of organizational structure of banking firms, business operations of banks, and structure of the financial system and banking industry. The research points out that the role of traditional bank is in decline. Banks are losing their predo…

Financial Crisis and Bank Ratings

2014

El principal objetivo de esta tesis doctoral es el análisis del comportamiento de las agencias de calificación cuando evalúan a las entidades bancarias así como el efecto que tienen sus ratings sobre los mercados financieros antes y durante la crisis financiera que se inicia en el año 2007. Si bien es cierto que en la literatura existen numerosos trabajos que se centran en el estudio de los ratings soberanos en cuanto a modelización e impacto que tienen los ratings en los mercados financieros, prácticamente ninguno de ellos se centra en el caso de los ratings bancarios y menos en el contexto de crisis financiera. El segundo capítulo de la tesis doctoral tienen como principal objetivo el aná…

A spatial and sectoral analysis of firm demography in Italy

2013

Spatial and Sectoral Features of the Firm Demography in Italy

2014

Migrants and Literacy Crises

2011

International comparisons of levels of literacy have in some countries been interpreted as an indication of a prevailing literacy crisis that demands political actions to avoid negative impact on national competitiveness, democracy, and coherence. Special attention is focused in the Danish crisis discourse on literacy as a reading competence and on migrants who, in particular, have become symbols of the crisis. In this article, the values and beliefs embedded in the political actions taken in the wake of the literacy crisis are analysed and the implications of the functionally based discursive construction of the literacy crisis for migrants are discussed. Based on an understanding of liter…

Study on the financial performance of companies operating in the pharmaceutical industry in romania

2016

Abstract The study aims at determining the financial performance of companies in the pharmaceutical industry between 2009 and 2014 by means of the indicator of the financial return rate, using multiple linear regressions as research method. By analysing the evolution of the share of companies in the pharmaceutical industry based on the trend of the financial rate of return, we can estimate that the number of entities that resort to supporting the financial activities from loans and liabilities is growing in the period under analysis. This is due mainly to the liquidity crisis faced by entities, as a result of the high recovery duration of debts. Also, using the multiple linear regression we…

¿Cabe hablar de una «generación de la crisis»? Discusión en torno a una noción sobreexplotada

2018

This article states that nowadays there is an overuse (or a misuse) of the «Generation» idea. The discussion among many authors over the «Generation of crisis» concept suggests that it is useful to outline the characteristics of the target of population of the collective of youth who are mainly affected by the economic and social crisis over the past years. Nevertheless, through analyzing the meanings of the «Generation of Crisis» made by Mannheim, Ortega and other classic authors, it is clear that the social class approach together with the generational one are needed to define this concrete concept. The conclusion of the articleis that both approaches are seen as underpinning their utilit…

Geometric Brownian Motion (GBM) of Stock Indexes and Financial Market Uncertainty in the Context of Non-Crisis and Financial Crisis Scenarios

2022

The present article proposes a methodology for modeling the evolution of stock market indexes for 2020 using geometric Brownian motion (GBM), but in which drift and diffusion are determined considering two states of economic conjunctures (states of the economy), i.e., non-crisis and financial crisis. Based on this approach, we have found that the GBM proved to be a suitable model for making forecasts of stock market index values, as it describes quite well their future evolution. However, the model proposed by us, modified geometric Brownian motion (mGBM), brings some contributions that better describe the future evolution of stock indexes. Evidence in this regard was provided by analyzing …

Evaluación de las democracias contemporáneas bajo los efectos de la crisis económica

2017

RESUMEN: Historicamente ha habido un debate sobre el resultado del proceso democratico que se centra en si el producto de las democracias deben ser derechos politicos y libertades civiles o por el contrario deben ser bienes y servicios basicos a los ciudadanos. La crisis economica global que comenzo en 2007 ha tenido un impacto en las politicas economicas de los gobiernos que han tenido que aplicar medidas de ajuste, a veces impuestas por organismos internacionales no sujetos a control ciudadanos de los paises donde se aplicaban dichas medidas, generando protestas y revueltas y la aparicion de nuevos partidos politicos. En este escenario la crisis economica proporciona una oportunidad unica…

La ética en el otorgamiento y gestión del crédito: “Prácticas predatorias y abusivas en la financiación hipotecaria a inmigrantes ecuatorianos en Esp…

2019

1.- Antecedentes y Justificativo Esta investigación se planteó a partir de los datos alarmantes de ecuatorianos inmigrantes en España involucrados en el endeudamiento hipotecario y la situación apremiante ante los numerosos casos de crédito fallido (default), desahucios y el crecimiento de demandas judiciales que afectaban a este colectivo. El autor, partícipe como asesor en el Programa de Asistencia de Asesoría Jurídica Hipotecaria para ecuatorianos afectados por las Hipotecas, desarrollado entre los años 1999 y 2007 por los Consulados y la Embajada de Ecuador en España, se vio motivado a investigar sobre las causas del default de los créditos hipotecarios del colectivo y a reflexionar sob…