Suchergebnisse

Significant international attention has been directed to the most pressing problem of the financial crisis of 2008/2009 -- global liquidity shortages. The use of adequate foreign exchange reserves during the crisis helped alleviate pressures. However, this was only partially effective in a number of important cases. Some countries also needed to rely on external official financing. The aim of this article is to compare and analyse the main sources of official global liquidity -- foreign exchange reserves, bilateral swap lines of central banks, regional financial arrangements arid IMF resources. To reach effective outcomes in relation to the accumulation of FX reserves and a strengthening of the global financial safety nets, effective international coordination will be necessary. Adapted from the source document.

Abstract. The purpose of the article is to explain the creation of the Slovenian debt state and its transformation
into a consolidation state after the crisis of 2008. When
the crisis struck Slovenia in 2009, the banking system
was near collapse. Through the recapitalisations of the
banking system the public debt began to grow. After a
couple of years and under the structural pressures of rating agencies and pressures from the EU, the Slovenian
state had to adopt austerity measures to consolidate its
public finances, while limiting the scope of democracy.
The main finding of the article is that the crisis of 2008
fundamentally changed the Slovenian state.
Keywords: capitalist state, consolidation state, debt,
Slovenia, democracy

V magistrskem delu obravnavam vpliv svetovne finančne in gospodarske krize, ki je nastala leta 2007 v Združenih državah Amerike ter se nemudoma globalizirala po vseh celinah, na delovanje nevladnih organizacij. V prvi vrsti gre za pereč problem sodobnega sveta, pri čemer pa je za nevladne organizacije, ki delujejo v človekovo dobrobit, značilno, da so večinoma še bolj aktivne v času raznih kriz. Glavni cilj magistrskega dela je ugotoviti, kako je svetovna finančna in gospodarska kriza vplivala na financiranje ter posledično delovanje nevladne organizacije Greenpeace ter s kakšnimi izzivi se dandanes srečujejo nevladne organizacije. Glavne uporabljene metode raziskovanja so metoda pridobivanja podatkov, statistična metoda in primerjalna analiza. Rezultati analize pokažejo, da je obdobje pred nastankom svetovne finančne in gospodarske krize (od leta 2005 do leta 2007) zaznamoval presežek prihodkov nevladne organizacije Greenpeace nad njenimi odhodki. V obdobju med svetovno finančno in gospodarsko krizo (od leta 2008 do leta 2009) je prišlo do upada presežka njenih prihodkov nad odhodki, obdobje po nastanku svetovne finančne in gospodarske krize (od leta 2010 do leta 2015) pa je zaznamovalo konstantno nihanje presežka njenih prihodkov nad odhodki. Na podlagi ugotovitev je nevladna organizacija Greenpeace v obdobju od leta 2008 do leta 2009 zaradi vpliva svetovne finančne in gospodarske krize beležila upad subvencij, dotacij, regresov, kompenzacij in drugih prihodkov ter posledično namenila manj finančnih sredstev za globalne okoljevarstvene aktivnosti. ; This master's thesis discuss the impact of the global financial and economic crisis, that emerged in 2007 in the United States and immediately globalized across all continents, to the functioning of non-governmental organizations. It represents a pressing problem of the modern world, wherefore non-governmental organizations are more active in times of various crises. The main goal of the master's thesis is to find out how the global financial and economic crisis affected non-governmental organization's Greenpeace financing and functioning and furthermore with what kind of challenges are non-governmental organizations encountered these days. The main methods of research used are the method of data acquisition, statistical method and comparative analysis. The results of the analysis show that the period preceding the onset of the global financial and economic crisis (from 2005 to 2007) was marked by a surplus of the non-governmental organization Greenpeace. In the period between the global financial and economic crisis (from 2008 to 2009) the surplus reduced. The period after the onset of the global financial and economic crisis (from 2010 to 2015) was marked by a constant fluctuation in the surplus. On the basis of the findings non-governmental organization Greenpeace due to the impact of the global financial and economic crisis (from 2008 to 2009) recorded a decline in subsidies, grants, regressions, compensations and other revenues, wherefore devoted less financial resources to global environmental activities.

Finančna kriza, ki se je začela v ZDA leta 2007, je vplivala na vse panoge svetovnega gospodarstva. Največ pozornosti je bilo v tem obdobju namenjene krizi bančnega sistema, ki ga je kriza prizadela najbolj intenzivno. A tudi zavarovalniškemu sektorju kriza ni prizanesla. V prvem delu magistrske naloge smo ugotavljali značilnosti evropskega in slovenskega zavarovalniškega sektorja, njuno stopnjo razvitosti, strukturo in zgodovinski razvoj. Ugotovili smo, da so krize sestavni del svetovne ekonomije in ugotovili vlogo zavarovalniškega sektorja kot blažilca krize. Vpliv finančne krize na poslovanje zavarovalnic smo v magistrski nalogi raziskali na geografskem področju Evrope in z vzorcem štirideset največjih zavarovalnic po bilančni vsoti. Poslovanje zavarovalnic v obdobju pred in v krizi smo analizirali na podlagi najpomembnejših finančnih kazalnikov, kot so cena delnice, čisti dobiček, celotna sredstva in kapital, tržna kapitalizacija, dobiček na delnico, ROA, ROE, beta, število delnic in multiplikator čistega dobička. Finančne kazalnike smo sprva razložili s teoretičnega vidika, nato pa v sklopu analize izpostavili njihove prednosti in slabosti pri uporabi za nakupne odločitve delnic. Statistično analizo smo opravili s pomočjo enostavne regresijske in korelacijske analize. Rezultati regresijske analize so nam dali odgovor na vprašanja o dejanskem vplivu krize na posamezno zavarovalnico in finančni kazalnik. Prav tako o moči in obsegu krize, ki smo jih nato posplošili na celotni zavarovalniški trg Evrope. Uporabljene statistične analize so nam potrdile vpliv krize na evropski zavarovalniški trg, vendar je bil ta znotraj zavarovalnic in finančnih kazalnikov zelo raznolik. S korelacijsko analizo smo ugotavljali, kakšna je medsebojna koreliranost zavarovalnic pri posameznem finančnem kazalniku. Glede na vse večjo stopnjo globalizacije in integracije evropskega in svetovnega gospodarstva smo ugotovili, da ima to vpliv tudi na zavarovalnice, ki so med seboj v veliko primerih korelirane. V analizo smo vključili tudi slovenski zavarovalniški sektor, in sicer zavarovalnico, ki od leta 2008 kotira na Ljubljanski borzi vrednostnih papirjev, Zavarovalnico Triglav, d. d. Slovenski zavarovalniški sektor smo primerjali z evropskim in tako ugotavljali razlike in podobnosti, ki so se dogajale v analiziranem obdobju. Že v prvem delu smo ugotovili, da slovenski zavarovalniški sektor po razvitosti zaostaja za evropskim povprečjem. Razvojni zaostanek pa se zaradi hitrega razvoja slovenskih zavarovalnic počasi zmanjšuje. Prav razlika v razvitosti slovenskega in evropskega zavarovalniškega trga je močno vplivala na končne rezultate analize, ki so potrdili neznaten vpliv krize na slovenski zavarovalniški sektor. ; Die Finanzkrise, die in Vereinigten Staaten im Jahr 2007 begann, hatte Auswirkungen auf alle Sektoren der Weltwirtschaft. In diesem Zeitraum hatte die größte Aufmerksamkeit die Krise des Bankwesens, die von der Krise am intensivsten betroffen war, aber auch der Versicherungssektor war von der Krise nicht verschont. Im ersten Teil der Masterarbeit schreiben wir über die Eigenschaften der europäischen und slowenischen Versicherungssektoren und über deren Entwicklungsstand, Struktur und der historischen Entwicklung. Wir stellten fest, dass Krisen ein Bestandteil der Weltwirtschaft sind, und dass die Versicherungssektoren die Rolle als Stoßdämpfer einnehmen. In unserer Magisterarbeit erforschten wir die Auswirkungen, die die Finanzkrise in dem geografischen Gebiet Europa, auf die Versicherungsanstalt hatte. Die Forschungsarbeit wurde an einer Stichprobe, die aus vierzig größten Versicherungsanstalten bestand und die mithilfe der Bilanzsumme durchgeführt wurde. Geschäftstätigkeit der Versicherungsanstalten in der Zeit vor und während der Krise wurde auf der Grundlage der wichtigsten Finanzkennzahlen wie Preis pro Aktie, Reingewinn, Bilanzsumme und Kapitalsumme, Marktkapitalisierung, Gewinn pro Aktie, ROA, ROE, Beta und andere. Finanzkennzahlen wurden zunächst von theoretischer Sicht erklärt. Danach untersuchten wir in Rahmen der Analyse ihre Vor- und Nachteile bei der Entscheidung von Aktieneinkauf. Statistische Analyse wurde mithilfe der einfachen Regressions- und Korrelationsanalyse durchgeführt. Die Ergebnisse der Regressionsanalyse gaben uns Antwort auf die Fragen, ob die Krise tatsächlich Einfluss auf die einzelnen Versicherungsanstalten und Finanzkennzahlen hatten und auch über dem Ausmaß und Stärke der Krise, das wir danach auf den gesamten europäischen Versicherungsmarkt verallgemeinert haben. ¬Die genutzte statistische Analyse hat uns den Einfluss der Krise auf dem europäischen Versicherungsmarkt bestätigt, aber er war sehr heterogen innerhalb Versicherungsunternehmen und Finanzkennzahlen. Die Korrelationsanalyse wurde verwendet, um festzustellen, ob die Versicherungsanstalten miteinander bei einzelnen Finanzkennzahlen in Korrelation sind. Mit dem steigenden Niveau der Globalisierung und Integration der europäischen und globalen Wirtschaft, sind wir der Meinung, dass dies eine Auswirkung auf Versicherungsanstalten hat, die sind nämlich in vielen Fällen in Korrelation. Die Analyse umfasste auch den slowenischen Versicherungssektor, und zwar Versicherungsanstalt Zavarovalnica Triglav d.d., die seit 2008 an der Börse codiert ist. Den slowenischen Versicherungssektor verglichen wir mit dem Europäischen, um so Unterschiede und Ähnlichkeiten zwischen den beiden festzustellen. Im ersten Teil stellten wir fest, dass der slowenische Versicherungssektor in der Entwicklung, im Vergleich zu dem europäischen Durchschnitt, im Rückstand ist. Der Entwicklungsrückstand hat sich durch die rasante Entwicklung der Versicherung in Slowenien vermindert. Der Unterschied zwischen der Entwicklung des slowenischen und europäischen Versicherungsmarktes hat einen großen Einfluss auf die endgültigen Ergebnisse der Analyse. Wir fanden heraus, dass die Krise unwesentliche Auswirkungen auf dem slowenischen Versicherungssektor hat.

Skrajno desne ideje so v evropskem prostoru prisotne že stoletja. Včasih zaradi določenih situacij pridejo na plano, v kratkem pa potem tudi izginejo. Evropska unija, ki se je izgradila na pogorišču skrajnih idej in sistemov, se je ponovno srečala s težko situacijo. V letu 2008 je staro celino zajela svetovna finančna kriza, ki je do temeljev pretresla dotedanjo uspešno evropsko integracijo in pri tem obudila skrajne ideje. Finančni krizi je po nekaj letih sledila migrantska, ki je že tako težko situacijo naredila še težjo. V določenih državah so se začele prebujati skrajne populistične in nacionalistične ideje, ki so krivca za nastalo situacijo iskale znotraj Evropske unije, v njenih institucijah in migrantih, ki so zaradi različnih razlogov prihajali v varno Evropo. Vzpon skrajno desnih strank je imel v posameznih državah različne motive, zakaj je stranka prišla na oblast oz. je imela v državi velik pomen. Vprašanje, ki se pojavlja ob trenutni situaciji v Evropski uniji, je, kako bodo skrajne ideje vplivale na nadaljnjo integracijo oz. dezintegracijo Evropske unije. ; Far-right ideas have been present in the European area for centuries. Certain situations cause them to emerge every now and then, before they disappear again not long after. The European Union, which was built on the ruins of radical ideas and political systems, is once again facing this menacing threat. In 2008, the old continent was hit by the global financial crisis, which shook the so far very successful European integration to its core and began to awake certain extremist notions. After a few years, the financial crisis was followed by the migrant crisis, which had since only exacerbated the situation. Populist and nationalist ideas, which were starting to resurge in some European countries, were looking for a scapegoat for the new state of affairs in the European Union and within the walls of its institutions and migrants, who were arriving into safe Europe for various reasons, made for a perfect target. The rise of far-right political parties had different motives in individual countries, regardless whether a particular party seized power or simply grew in prominence. The question that the European Union is facing at the moment is how these extremist ideas will influence further integration or disintegration of Europe.

The study deals with analysis of economic reforms in South-Eastern Asia affected by financial crisis in 1990s. Authors have stressed, that it was a result of internal & external influences, which caused not only the fatal destabilization of main economic fundaments of affected countries & they have had consequences on international business authority of these countries. It was approved, that the high rate of internal interdependence of countries affected by crisis & also the interdependence on Japan, could be considered as basic, but hidden accelerators of crisis. Nevertheless using of important reforming interventions eliminated most of the economic implications of it the risks of re-outbreak of the crisis have been decreased to certain level only. For prevention against its expansion are responsible all "attended" subjects & equally they have to share on realization of reforming economic programs for its long-term elimination. Tables, References. Adapted from the source document.

The relatively long term period of stability before the present crises called even "Great Moderation" or "Golden Age of Central Banking" indicated that the inflation targeting was a success story. As of 2008 a lot has changed and the debate over "Leaning against the wind or Clean afterwards?" is being revisited among central bankers and academicians. At the same time the question "Does money matter in monetary policy" is on the table again. This paper focuses on the discussion of these issues; moreover, some new challenges that emerged in previous three years are discussed. The crisis has highlighted an urgent need to incorporate banks and financial frictions into monetary policy modelling framework -- therefore some new findings on this field of research are outlined. An important lesson from the crises is that price stability is not a sufficient precondition for financial stability, therefore an operational framework for financial stability is being searched -- this is subject of the final part of this paper. Adapted from the source document.

The article presents economic voting theory and its application to the study of electoral behaviour in four Central European countries. The theoretical part describes the reward-punishment model of economic voting and its predictions for electoral behaviour in countries with coalition governance and in internationally open economies during the global economic crisis. The analytical part investigates the existence and features of economic voting (as a P-function) in the Czech Republic, Hungary, Poland and Slovakia. Hypotheses about the existence of economic voting in these countries, the higher economic accountability of more responsible coalition partners, and the lower level of economic voting under the perceived influence of the EU on the domestic economy are tested using OLS and binary logistic analysis of European Election Study data (2004 and 2009). As the results show, economic voting was only detected in Hungary (2004 and 2009) and Slovakia (2004). The analysis indicates that, in general, almost all Prime ministers' parties bear a greater degree of economic accountability; meanwhile, perceptions of EU economic responsibility had no influence on the popularity of government parties in 2009. ; The article presents economic voting theory and its application to the study of electoral behaviour in four Central European countries. The theoretical part describes the reward-punishment model of economic voting and its predictions for electoral behaviour in countries with coalition governance and in internationally open economies during the global economic crisis. The analytical part investigates the existence and features of economic voting (as a P-function) in the Czech Republic, Hungary, Poland and Slovakia. Hypotheses about the existence of economic voting in these countries, the higher economic accountability of more responsible coalition partners, and the lower level of economic voting under the perceived influence of the EU on the domestic economy are tested using OLS and binary logistic analysis of European ...

Ireland, Portugal and Slovenia – three states with different historical legacies and institutional frameworks – promoted labour market flexibility and active labour market policies before and during the 2008 crisis. These policies were postulated as basic poli-cies on the EU level. However, a significant change came with the COVID-19 crisis when governments in all three states implemented measures much more resembling neo-Keynesian policies. In the article, we show that the crucial mechanisms for the various labour market poli-cy choices made in these three countries were due to the two crises being of distinct types, the (non)coincidence of interests of a range of actors and classes, and the dif-ferent policy frameworks promoted by the EU. Keywords: crises, flexibility, labour market, European union, semi-periphery, COVID-19

This article seeks to identity functional and systemic shortcomings of the Register of Interest Representatives (the Register) and contrasts them with the Commission's own evaluation of the Register's functioning. Special attention is accorded to the analysis of financial data published by interest groups in the Register. The article builds on original empirical research in which quantifiable data from 1063 registered interest groups were evaluated. The analysis of the financial data is complemented by the results of a questionnaire given to the registered interest groups. The questionnaire was addressed to almost one third (324) of interests registered at the end of February 2009; the return rate achieved 22.84%. The research suggests that the methods for calculating financial amounts are inadequate. This situation is exacerbated by a passive control system of truthfulness and completeness of registered data, as well as by a weak voluntarily motivation to register and by the lack of a sanctions policy. These factors diminish the credibility of the data in the Register. Consequently, the level of transparency with regard to the financial aspects of lobbying is, to a great extent, limited. Adapted from the source document.

The paper aims to explain the development of the perception of national identity of the Christian Democratic Party (CDU), the strongest German political party in the past few decades. The paper focuses on election manifestos for the 1990, 1994, 1998, 2002, 2005, and 2009 elections. For this purpose, each manifesto is examined according to up to five analytical categories – such as values, nation, Europe, threats, and society. These categories explore the party's perception in a wider context instead of focusing only on direct references to national identity. The analysed period was divided into three phases with an emphasis on the internal crisis between the years 1998 and 2002. The crisis influenced policy priorities; therefore the perceptions of elements belonging to national identity were changed in order i) to gain victory in the general elections in 2002 and 2005, and ii) to reflect properly the state of German society. Therefore, significant policy shifts were made. These policy changes show how the party successfully integrated societal demands and preferences over the past decade. Thank to this, the CDU incorporated both conservative and liberal elements. This is evident in the case of incorporating liberal elements such as homosexual partnerships while, at the same time, actively stressing the importance of defending national interests. ; The paper aims to explain the development of the perception of national identity of the Christian Democratic Party (CDU), the strongest German political party in the past few decades. The paper focuses on election manifestos for the 1990, 1994, 1998, 2002, 2005, and 2009 elections. For this purpose, each manifesto is examined according to up to five analytical categories – such as values, nation, Europe, threats, and society. These categories explore the party's perception in a wider context instead of focusing only on direct references to national identity. The analysed period was divided into three phases with an emphasis on the internal crisis between the years 1998 ...

Economic growth of the Czech Republic measured by GDP reached 3,4% per annum in the decade 2001-2010 and was substantially faster than average annual growth of the European Union. Strong acceleration in the years 2005-2007 was followed by stagnation in the years 2008-2012 caused by strong decline of GDP in the year 2009 and milder recession in the year 2012. The modest recovery in the years 2010 and 2011 was pulled namely by foreign trade, while final consumption and gross fixed capital formation stagnated. Alternative indicator of national income was negatively influenced by growing outflow of primary incomes. Real gross domestic income indicates different results in comparison with gross domestic product because of changes in the terms of trade. Macroeconomic stability improved substantially in the field of foreign trade while general government deficit contributed to its deterioration. Adapted from the source document.