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Corporate Governance in the Banking Sector
This book gives an overview of the most important theories on Corporate Governance, investigating the myth and the reality of it. It argues that within the banking sector exist two new agency costs (i.e., bank depositors and shareholders vs. directors and bank depositors vs. shareholders and directors). These agency problems are difficult to reduce for two reasons. First, banks are complex and opaque. Second, government implicit guarantees and the deposit insurance systems reduce the monitoring of depositors. This book also takes a deep dive into research on CG in the banking sector via a unique and innovative literature review covering the time period between 2000-2020. It finds that some s...
Neuroscience and the Economics of Decision Making
In the last two decades there has been a flourishing research carried out jointly by economists, psychologists and neuroscientists. This meltdown of competences has lead towards original approaches to investigate the mental and cognitive mechanisms involved in the way the economic agent collects, processes and uses information to make choices. This research field involves a new kind of scientist, trained in different disciplines, familiar in managing experimental data, and with the mathematical foundations of decision making. The ultimate goal of this research is to open the black-box to understandthe behavioural and neural processes through which humans set preferences and translate these behaviours into optimal choices. This volume intends to bring forward new results and fresh insights into this matter.
Shifting Frontiers of Citizenship: The Latin American Experience
While in the days of the Cold War models of citizenship were relatively clear-cut around the contrasting projects of reform and revolution, in the last three decades Latin America has become a laboratory for comparative research. The region has witnessed both a renewal of electoral democracy and the diversification of experiments in citizen representation and participation. The implementation of neo-liberal policies has led to countervailing transformations in democratic citizenship and to the rise of populist leaderships, while the crisis of representation has been accompanied by new forms of participation, generating profound transformations. The authors analyze these recent trends, reflected in new forms of populism, inclusion and exclusion, participation and alternative models of democracy, social insecurity and violence, diasporas and transnationalism, the politics of justice and the politics of identity and multiculturalism.
Georgia
In response to a request from the National Bank of Georgia (NBG), the Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) conducted a Technical Assistance (TA) mission during September 5–16, 2022 as follow-up to the mission that took place during March 17–April 20, 2022. The first mission provided initial assistance to the authorities in operationalizing the new bank recovery and resolution framework, building on the recommendations from the 2021 Financial Sector Assessment Program (FSAP). This second mission deepened that assistance by providing further guidance on, among others, (i) the architecture of the resolution framework; including triggers, res...
Transnational Imaginations of Socialism
Town twinning refers to the postwar phenomenon of administrative exchange between analogous municipalities. Cold War-related research has mostly interpreted it as an instrument to pursue European integration, or to solidify détente "from below". However, municipalities were not only administrative, neutral actors, but also bearers of political content. This is particularly visible in the case of Italian towns located in the Western bloc, guided by socialist-oriented administrations, and their "twin" counterparts in the German Democratic Republic. This volume explores the connections initiated by such towns in the 1960s-1970s, focusing on socialist-specific conceptions which fueled the polic...
Making Sense of the Americas
"From anti-Reagan riots in West Berlin to pictures of revolutionary Nicaragua, it is often impossible to grasp social protest movements of the 1980s without referring to how they imagined "the Americas". This edited volume is aimed at historicizing the representations of the United States and of Latin America among Western European protesters around that decade. By researching dominant interpretation patterns, practices and symbols within these movements, this book offers a fresh and compelling look at protest in the second half of the 20th century."--Page 4 of cover.
The Development of Liability in Relation to Technological Change
A study of how established rules of tort law have responded to technological change.
Republic of Kazakhstan
Following Kazakhstan’s recovery from the 2014-15 decline in oil prices, the country was hit by a series of shocks, starting with the COVID-19 pandemic, then the January 2022 social unrest, and most recently the fallout from Russia’s invasion of Ukraine. So far, that has had limited impact on output, also thanks to various measures taken by the authorities to stabilize the economy. However, there are risks to the outlook. The financial system, which is small and bank-dominated, underwent significant changes during this period. Banks’ largest exposures are to households while large corporates rely on non-residents for funding.
Political Exile in the Global Twentieth Century
This book focuses on the political exile of Catholic Christian Democrats during the global twentieth century, from the end of the First World War to the end of the Cold War. Transcending the common national approach, the present volume puts transnational perspectives at center stage and in doing so aspires to be a genuinely global and longitudinal study. Political Exile in the Global Twentieth Century includes chapters on continental European exile in the United Kingdom and North America through 1945; on Spanish exile following the Civil War (1936–39), throughout the Franco dictatorship; on East-Central European exile from the defeat of Nazi Germany and the establishment of Communist rule (1944–48) through the end of the Cold War; and Latin American exile following the 1973 Chilean coup. Encompassing Europe (both East and West), Latin America, and the United States, Political Exile in the Global Twentieth Century places the diasporas of twentieth-century Christian Democracy within broader, global debates on political exile and migration.
Allende’s Chile and the Inter-American Cold War
Fidel Castro described Salvador Allende's democratic election as president of Chile in 1970 as the most important revolutionary triumph in Latin America after the Cuban revolution. Yet celebrations were short lived. In Washington, the Nixon administration vowed to destroy Allende's left-wing government while Chilean opposition forces mobilized against him. The result was a battle for Chile that ended in 1973 with a right-wing military coup and a brutal dictatorship lasting nearly twenty years. Tanya Harmer argues that this battle was part of a dynamic inter-American Cold War struggle to determine Latin America's future, shaped more by the contest between Cuba, Chile, the United States, and B...
