6,761 research outputs found
Fallacies, Collapses, Crises. Now What?
The current crisis has been seen as the result of a “few bad apples”. The paper argues that the crisis is systemic and based on fallacies and misconceptions in the design and function of the economic – corporate system. Organizational and economic theories are based on hypotheses that lead to faulted decisions on how the system should be regulated and designed.
The paper proposes that a new theory is needed. Disjoint approaches of the current situation are not suitable. Law, Organization theory, Economics, Finance and Accounting need to converge in order to formulate a theory that encompasses all factors and it is holistic. Introduction of corporate governance systems that are as dynamic as the organizational, ownership, product and capital market are, are necessary in order to create a stable and effective corporate environment
What Does International Experience Tell Us About Regulatory Consolidation?
Describes the integrated, twin peaks, functional, and institutional approaches to financial regulation and draws lessons from how Canada's, the United Kingdom's, Australia's, and other countries' regulatory structures have fared in the financial crisis
What are the consequences of global banking for the international transmission of shocks? A quantitative analysis
The global financial crisis of 2008 was followed by a wave of regulatory reforms that affected large banks, especially those with a global presence. These reforms were reactive to the crisis. In this paper we propose a structural model of global banking that can be used proactively to perform counterfactual analysis on the effects of alternative regulatory policies. The structure of the model mimics the US regulatory framework and highlights the organizational choices that banks face when entering a foreign market: branching versus subsidiarization. When calibrated to match moments from a sample of European banks, the model is able to replicate the response of the US banking sector to the European sovereign debt crisis. Our counterfactual analysis suggests that pervasive subsidiarization, higher capital requirements, or ad hoc monetary policy interventions would have mitigated the effects of the crisis on US lending.https://www.nber.org/papers/w25203Published versio
Disclosure’s Failure in the Subprime Mortgage Crisis
This symposium article examines how disclosure, the regulatory focus of the federal securities laws, has failed to achieve transparency in the sub-prime mortgage crisis and what this failure means for modern financial securities markets
Recommended from our members
Suicide and self-harm in Britain: researching risk and resilience using UK surveys
Aim The main aim of this study was to raise awareness of surveys that could be used to inform self-harm and suicide prevention work. We asked:
What UK survey datasets are available for research?
What aspects of people’s lives are associated with self-harm and attempted suicide?
How do statistical findings resonate with people’s lived experience? What implications do they see?
Findings Survey analyses revealed that risk factors for self-harm are wide ranging and include:
Mental health
Physical health and health behaviours
Social relationships
Stressful events
Employment and financial circumstances
Identity and demographics
Many different factors are independently associated with self-harm. There is a dose relationship, with more exposure to a factor linked with increased risk. Risks are cumulative that is, exposure to multiple factors is associated with greater risk.
Through facilitated consultation, men with lived experience, bereaved family members, and practitioners identified recommendations for responding to suicidal distress in men. These related to the following three main areas:
1. Recognising need: who is ‘ill enough’?
Permission - men said that they often did not know they were entitled to help
Ask - people who outwardly appear to be functioning may not be
Persistence - ask and offer help more than once.
2. Facilitating access: right words, time and place
What is available - support is needed with ongoing stress as well as for crises
Find the words - men wanted examples of how to ask for help
Allow time - employers expect recovery to be swift, some men felt rushed to come off medications or were discharged from services they still needed.
3. Adjusting delivery: equal engagement
Power - some were uncomfortable with service dynamics, preferring peer support
Every service contact counts - negative contacts had particular impact
Safe spaces - may be different for men and women.
Methods
There were three strands of work:
Secondary analysis of nine survey series, spanning more than twenty years
Linkage of 144,000 survey participants to information on whether they were alive in 2013 and whether they had taken their own life
Facilitated consultation, through depth interviews with people with lived experience
What was sociology?
This article is about the future of sociology, as transformations in the digital and biological sciences lay claim to the discipline’s jurisdictional claim over ‘the social.’ Rather than analyse the specific of these transformations, however, the focus of the paper is on how a narrative of methodological crisis is sustained in sociology, and on how such a narrative conjures very particular disciplinary futures. Through a close reading of some texts, the paper makes two central claims: (1) that a surprisingly conventional urged towards disciplinary reproduction can sometimes animate accounts of sociology’s crisis; (2) that these same accounts are often haunted by a hidden metaphorical architecture centred on biology, vitality, and images of life. The basic claim of the paper is that foregrounding this image of life might offer a less reproductively conventional way of understanding –and intervening in – the methodological ‘crisis’ at stake. Drawing on my own recent work on urban stress, and on the work of Stefan Helmreich (2011, 2016), the papers ends with a speculative call for a ‘limit sociology’ – a form of attention that could expand rather than contract the methodological and ontological potential of the present. At the heart of the paper is a hope that thinking with such a limit may help us to imagine a less deadening future than that on offer from a canonised discipline cathected by endless crisis-talk
Implementation of the Crisis Resolution Team model in adult mental health settings: a systematic review.
Crisis Resolution Teams (CRTs) aim to offer an alternative to hospital admission during mental health crises, providing rapid assessment, home treatment, and facilitation of early discharge from hospital. CRTs were implemented nationally in England following the NHS Plan of 2000. Single centre studies suggest CRTs can reduce hospital admissions and increase service users' satisfaction: however, there is also evidence that model implementation and outcomes vary considerably. Evidence on crucial characteristics of effective CRTs is needed to allow team functioning to be optimised. This review aims to establish what evidence, if any, is available regarding the characteristics of effective and acceptable CRTs
What Effect has Bond Market Development in Asia had on the Issue of Corporate Bonds
This paper investigates the determinants of the firm's decision to issue corporate bonds in emerging Asian economies, using a novel database covering the period 1995 to 2004. We use comparable micro level panel data for 4 countries - Indonesia, Korea, Malaysia and Thailand - to explore the influence of firms' size and growth prospects, financial health and indicators of bond market development on the decision to issue corporate bonds. Our results show that the likelihood of bond issuance increases with size and growth prospects and with creditworthiness in all countries; there is evidence of firm level heterogeneity across firm size classes. Importantly, there is no effect from bond market development on the likelihood of bond issuance. We conclude that the benefits of bond market development are yet to spillover to corporate bond markets.Bond financing, financial variables, development, emerging Asian markets.
Children and young people’s experiences and perceptions of self-management of type 1 diabetes: A qualitative meta-synthesis
The aim of this review was to conduct a meta-synthesis of the experiences and perceptions of self-management of type 1 diabetes of children and young people living with type 1 diabetes (CYPDs). Six databases were systematically searched for studies with qualitative findings relevant to CYPDs’ (aged 8–18 years) experiences of self-management. A thematic synthesis approach was used to combine articles and identify analytical themes. Forty articles met the inclusion criteria. Two analytical themes important to CYPDs’ experiences and perceptions of self-management were identified: (1) negotiating independence and (2) feeling in control. The synthesis contributes to knowledge on contextual factors underpinning self-management and what facilitates or impedes transition towards autonomous self-management for CYPDs
a collaboration among refugee newcomers, migrants, activists and anthropologists in Berlin
In 2015, Germany entered what would later become known as the ‘refugee crisis’. The Willkommenskultur (welcoming culture) trope gained political prominence and met with signifi cant challenges. In this article, we focus on a series of encounters in Berlin, bringing together refugee newcomers, migrants, activists and anthropologists. As we thought and wrote together about shared experiences, we discovered the limitations of the normative assumptions of refugee work. One aim of this article is to destabilise terms such as refugee, refugee work, success and failure with our engagements in the aftermath of the ‘crisis’. Refugee work is not exclusively humanitarian aid directed towards the alleviation of suff ering but includes being and doing together. Through productive failures and emergent lessons, the collaboration enhanced our understandings of social categories and the role of anthropology
- …