Suchergebnisse

This research takes a different approach from most studies of presidential transitions by examining transition preparations from the unique perspective of the career bureaucrats that provide a critical connection between transitions and governance. I examine how career senior executives perceive management techniques that are commonly prescribed to political appointees, how prominent their application was during the second term of theGeorgeW.Bush administration, and what happened at the end of theBush administration when theWhiteHouse called for appointees to pursue a transition strategy that required the involvement of careerSeniorExecutiveService members. I find evidence that cooperation between careerists and appointees is conditional, even in a policy area where the president demands it. Career executives' explicit knowledge of transition preparations is more likely in agencies subject to persistent vacancies amongSenate‐confirmed appointee positions, and the importance of trust to explicit knowledge exchange is pronounced in agencies with more liberal orientations.

The Yearbook on International Investment Law & Policy is an annual publication which provides a comprehensive overview of current developments in the international investment law and policy field, focusing on recent trends and issues in foreign direct investment (FDI), investment treaty practice, and investor-state arbitration. Today, international investment law consists of a network of multifaceted, multilayered international treaties that, in one way or another, involve virtually every country of the world. The evolution of this network continues, raising a host of issues regarding international investment law and policy, especially in the area of international investment disputes. This Yearbook monitors current developments in international investment law and policy, focusing (in Part One) on trends in foreign direct investment (FDI), international investment agreements, and investment disputes, with a special look at developments in the oil and gas sector. Part Two, then, looks at central issues in the contemporary discussions on international investment law and policy. With contributions by leading experts in the field, this title provides timely, authoritative information on FDI that can be used by a wide audience, including practitioners, academics, researchers, and policy makers. ; https://scholarship.law.columbia.edu/sustainable_investment_books/1017/thumbnail.jpg

This updated edition explores the viewpoint of emerging economies and virtually no important aspect of central banking is left out of this complete reference. Noting that the global economic and financial crisis that emerged in 2007 and 2008 remains unresolved on a sustainable basis, this work looks at how questions about the relevance of central banks, and in particular about the effectiveness of monetary policies in addressing the challenges, have remained unanswered. Other issues detailed in the volume include adopting more transparent accountancy and reporting standards for governments and financial entities, assessing the soundness of the financial sector--as a whole and as individual institutions--and analyzing the enormous responsibilities involved in adopting real-time payment and settlement systems. --Amazon.com

"During the ongoing global financial crisis, a lack of moral and ethical leadership in society has been exposed. The Most Reverend Rowan Williams, Archbishop of Canterbury and Larry Elliott, The Guardian, bring together their thoughts on the issues of ethics and morality in business, with contributions from leading business figures"--

How do European Union (EU) member states decide whether soft or hard law instruments better serve their interests? We address this question in the context of financial supervision. In the past years, financial supervision has changed dramatically from soft co-ordination (2009) to a banking union based on hard law (2012/13). This article draws on insights from the hard/ soft law distinction, the informal governance literature and personal interviews to analyze what factors precipitated change, which actors were central to it and how it occurred. Our main argument is that member states' power, perceptions of uncertainty, distributive conflict, as well as the interests of the domestic banking industry, have shaped the choice of soft or hard law instruments in financial supervision. Our analysis suggests that we need to theorize more rigorously about the sources of member state preferences over formal and informal co-ordination mechanisms in the EU. Adapted from the source document.

The present study is centered primarily on determining whether the German banking system is to be characterized by procyclical behavior from 2000 to 2011 and to what extent specific sectors of the German banking system showed significant balance sheet operations to increase their leverage within years of booming asset prices. First, the results of this study show that the different sectors of the German banking system operate their business more or less procyclically. Second, the study provides some empirical evidence that banks increasing their leverages during periods of extraordinary high returns provided in the financial markets preferred funding their assets by shortterm lending in the interbank market. Third, the study clarified that banks, preferring high leverages, can apparently be characterized by a high volatility of return on assets and low distances to default over the observation period. Finally, the examined regression models provide some empirical evidence that requirements on countercyclical capital buffers should be considered by regulatory authorities in the context of macroeconomic indicators.