Systemic risk in the financial sector; a review and synthesis

In a financial crisis, an initial shock gets amplified while it propagates to other financial intermediaries, ultimately disrupting the financial sector. We review the literature on such amplification mechanisms, which create externalities from risk taking. We distinguish between two classes of mechanisms: contagion within the financial sector and pro-cyclical connection between the financial sector and the real economy. Regulation can diminish systemic risk by reducing these externalities. However, regulation of systemic risk faces several problems. First, systemic risk and its costs are difficult to quantify. Second, banks have strong incentives to evade regulation meant to reduce systemic risk. Third, regulators are prone to forbearance. Finally, the inability of governments to commit not to bail out systemic institutions creates moral hazard and reduces the market’s incentive to price systemic risk. Strengthening market discipline can play an important role in addressing these problems, because it reduces the scope for regulatory forbearance, does not rely on complex information requirements, and is difficult to manipulate.

The influence of electric dipoles on bubble coalescence

The influence of electric dipole moments of nonionic surfactants on inertia-dominated film thinning between two bubbles has been calculated. The repelling force due to dipole moments cannot be the cause of coalescence inhibition, as was suggested by G. Keitel and U. Onken,Chem. Eng. Sci.37,1635 (1982) and H. K. Tsao and D. L. Koch,Phys. Fluids A6,2591 (1994)

Survivorship care for colon cancer patients:Towards more involvement of the general practitioner

There is a call for a more generalist and personalised approach during hospital-led survivorship care for cancer and a formal role for general practitioners (GPs) is suggested. Evidence that GP-led survivorship care for colon cancer is effective in terms of recurrent disease detection and quality of life (QoL) and patients’ satisfaction is limited. Another development is to empower cancer survivors to be more involved in their rehabilitation. For this, the use of eHealth seems promising. In this thesis, we presented the design of a randomised controlled trial to examine GP-led colon cancer survivorship care and we reviewed the recruitment of this trial. We conducted a cohort study to assess hospital-led survivorship care for colon cancer concerning patients’ distress, supportive care needs, QoL, and GPs’ involvement. Colon cancer survivors report many symptoms after finishing treatment, but the effect on QoL is limited. GPs provide a substantial amount of care for survivors who receive hospital-led care. Furthermore, we explored GPs’ and patients’ perceptions towards hospital-led and GP-led care and the use of eHealth. While GPs and patients are largely positive about GP-led survivorship care in advance, a part of GPs and patients reject GP-led care when they are confronted with it. They considered eHealth helpful to increase awareness among patients. The I CARE trial will provide more evidence on the effects of GP-led survivorship care for colon cancer and the use of eHealth on QoL. If GPs will be more involved in survivorship care, GPs’ needs should be taken into account

The macrobenthic fauna in the Dutch sector of the North Sea in 1992

EThOS - Electronic Theses Online ServiceGBUnited Kingdo

The productive role of innovation in a large tourism organisation (TUI).

This paper studies the productive role of innovation in organisations. Using the post-structuralist insight that innovation is an open concept that can become performative, we shift the emphasis from analysing innovations themselves to analysing how the concept of innovation affects the organisational practices through which it acquires meaning. Deploying this framework, we studied the development of an innovation unit within TUI, a corporate tour operator. We found that actors interpreted innovation in different ways and that initially the innovation unit was considered a failure. The subsequent dramatisation of this failure resulted in a new version of this innovation unit that strengthened established actors and institutions within the organisation. Our study shows how the use of the concept of innovation in an organisation can both stimulate and hamper its innovativeness. Addressing this paradox requires sensitivity to the concept's productive role and evaluations of innovation that look beyond accomplished results.</p