Role of non-timber forest products in sustaining forest-based livelihoods and rural households' resilience capacity in and around protected area- a Bangladesh study

People in developing world derive a significant part of their livelihoods from various forest products, particularly non-timber forest products. This article attempts to explore the contribution of NTFPs in sustaining forest-based rural livelihood in and around a protected area of Bangladesh, and their potential role in enhancing households resilience capacity. Based on empirical investigation our study revealed that, local communities gather a substantial amount of NTFPs from national park despite the official restrictions. 27 percent households of the area received at least some cash benefit from the collection, processing and selling of NTFPs, and NTFPs contribute as HHs primary, supplementary and emergency sources of income. NTFPs also constituted an estimated 19 percent of HHs net annual income, and were the primary occupation for about 18 percent of the HHs. HHs dependency on nearby forests for various NTFPs varied vis-a-vis their socio-economic condition as well as with their location from the park. Based on our case study the article also offers some clues for improving the situation in PA.Comment: To appear in Journal of Environmental Planning and Management, 201

Does digital transformation matter for operational risk exposure?

Basel Committee recommends banks maintain a capital buffer for operational risk exposure based on business volumes, assuming aggressive actions for quicker business growth could increase risk exposures. We argue that technological innovations expose banks to more operational risk because technology helps increase business volume, but system failure, problems with internal processes, and disruptions from external and internal security threats are inherent to technology. Based on 10 years of data for 264 banks from 43 countries, we find that digitalized banking operation is an underlying driver of operational risk that comes with increased business volume. Banks proactively take more operational risks by increasing cyber spending to tackle FinTech competition in the digitalized economy. Digitalization could generally matter for operational risk exposure, but the natural experiment does not find cybersecurity threats per se could increase operational risks even though cybersecurity appears to be a serious threat to digital banking. The study creates new avenues for future research