Reestablishing Stability and Avoiding a Credit Crunch: Comparing Different Bad Bank Schemes

This paper develops a model to analyze two different bad bank schemes, an outright sale of toxic assets to a state-owned bad bank and a repurchase agreement between the bad bank and the initial bank. For both schemes, we derive a critical transfer payment that induces a bank manager to participate. Participation improves the bank's solvency and enables the bank to grant new loans. Therefore, both schemes can reestablish stability and avoid a credit crunch. However, an outright sale will be less costly to taxpayers than a repurchase agreement only if the transfer payment is sufficiently low

"Europe is for being recognized for more than an ethnic background”:Middle class British, Dutch and German minority citizens’ perspectives on EU citizenship and belonging to Europe’

The paper pinpoints some crucial themes of European belonging arising in the narratives of minority key activists with various hyphened legal national citi-zenship status, e.g. South Asian Brits, Moroccan-Dutch and Turkish/ Kurd-ish-Germans. The interviews capture how visible minorities’ perspectives on European belonging are influenced by structural racism, but also by national-ly specific discourses of symbolic inclusion or exclusion of ethnic minorities respectively. In this original research project in total 43 key minority activists, men and women and all of middle class social status were interviewed between au-tumn 2009 and summer 2012, e.g. pre-Brexit, in Britain, the Netherlands and Germany. The findings of the study underline ambivalent post-cosmopolitan identities and more contradictory notions of ‘race’ and ‘ethnicity in Britain and the Netherlands, due to specific colonial / post-colonial contexts, and a different use of these categories in Britain and the rest of Europe. The minor-ity citizens interviewed in Germany expressed a more troubled position here as their relationship to the European Union is influenced by their feelings of belonging to Turkey, the latter outside the EU and at the border of Europe. As the ‘new’ citizens interviewed in this sample live in major cities, such as London, Berlin and Amsterdam, individual feelings of belonging to Europe, perceptions of being European and cosmopolitan were very much shaped by the concrete city spaces and a positive identification with metropolitan urban identity

Female narratives of ‘new’ citizens’ belonging(s) and identities in Europe: case studies from the Netherlands and Britain

Public discourses on citizenship, identity and nationality, which link geographical borders and the political boundaries of a community, are infused with tensions and contradictions. This paper illustrates how these tensions are interwoven with multilayered notions of home, belonging, migration, citizenship and individual's 'longing just to be', focusing on the Dutch and the British context. The narratives of a number of Dutch and British women, who either immigrated to the respective countries or were born to immigrants, illustrate how the growing rigid integration and assimilative discourses in Europe contradict an individual anchoring in national and local communities. The narratives of women participating in these studies show multilayered angles of belonging presenting an alternative to the increasing strong argument for a fixed notion of positioning and national belonging. The female 'new' citizens in our study tell stories of individual choices, social mobility and a sense of multiple belonging in and across different communities. © 2012 Copyright 2012 Taylor & Francis

Ambivalences of Cosmopolitanisms, Elites and Far-Right Populisms in Twenty-First Century Europe

Document type: Part of book or chapter of boo