Suchergebnisse

Se presenta aquí una introducción al concepto de reforma del sector de la seguridad, que se relaciona con la mejora de la calidad democrática del sector de la seguridad y, por tanto, con el reforzamiento del Estado de Derecho. Se incluye una referencia al enfoque que la Unión Europea da a la reforma del sector de la seguridad, un área prioritaria de su acción exterior en el contexto de la resolución de crisis y la estabilización post-conflicto. ; Security Sector Reform is introduced here as an area related to the democratization of the security sector as well as to the enhancement of the rule of law. A reference to the European Union's approach to the security sector is provided as well. It will be seen that security sector reform has become a priority for the European Union within its external action and more precisely with regard to crisis management and post-conflict stabilization.

The Serbian insurance sector remains small and underdeveloped. Over the last three years, the market experienced very little growth in real terms mainly due to weak economic growth, premium payment difficulties in the industrial sector, which forced many corporate policyholders to cancel their insurance, and fierce price competition among the growing number of players. With consumption of 76 Pounds and 10 Pounds per capita for non-life and life insurance, respectively, Serbia lags behind most of its neighbors in Southeastern and Central Europe. In 2009 the industry accounted for only 4.6 percent of total assets and 5.6 percent of total capital in the Serbian financial sector. Although in 2008 the total gross premium written (GPW) for both life and non-life was SRD 52.2 billion (dinars), representing a 5.3 percent annual inflation-adjusted increase over the previous year, in 2009 the sector is likely to experience an 8 percent contraction due to the impact of the economic crisis.

Purpose: The study empirically investigates whether or not financial sector reforms influence manufacturing sector performance in Nigeria. Method: A weighted index covering the gradual progression, scope, dimensions, and institutional changes involved in the reform and regulation of the financial sector is constructed for the study. Annual time series data covering the period 1986-2020 were used for the study. Cointegration and error correction modeling techniques were utilized for the empirical analysis. Results: The empirical results show evidence of a short-run dynamic and a long-run equilibrium relationship between financial sector reforms and manufacturing sector performance in Nigeria. Specifically, financial sector reforms, credit to the private sector, electricity supply, and capacity utilization positively drive manufacturing sector performance in Nigeria. Further findings show that the exchange rate and interest rate variables are negatively and significantly related to manufacturing sector performance. Implications: Based on the empirical evidence, the continuous reforms of the financial sector are imperative to enhance its credit intermediation role to the real sector of the economy, particularly, the manufacturing sector. The provision of accessible, reliable, and stable electricity supply, as well as sound, stable and competitive macroeconomic policy environment and appropriate institutional framework are also imperative. Originality: The study is unique in the sense that it utilized a weighted index of several key dimensions of the progression and institutional changes involved in the reform of the financial sector, thereby sufficiently capturing the whole process of financial reforms in Nigeria.

Purpose: The study empirically investigates whether or not financial sector reforms influence manufacturing sector performance in Nigeria. Method: A weighted index covering the gradual progression, scope, dimensions, and institutional changes involved in the reform and regulation of the financial sector is constructed for the study. Annual time series data covering the period 1986-2020 were used for the study. Cointegration and error correction modeling techniques were utilized for the empirical analysis. Results: The empirical results show evidence of a short-run dynamic and a long-run equilibrium relationship between financial sector reforms and manufacturing sector performance in Nigeria. Specifically, financial sector reforms, credit to the private sector, electricity supply, and capacity utilization positively drive manufacturing sector performance in Nigeria. Further findings show that the exchange rate and interest rate variables are negatively and significantly related to manufacturing sector performance. Implications: Based on the empirical evidence, the continuous reforms of the financial sector are imperative to enhance its credit intermediation role to the real sector of the economy, particularly, the manufacturing sector. The provision of accessible, reliable, and stable electricity supply, as well as sound, stable and competitive macroeconomic policy environment and appropriate institutional framework are also imperative. Originality: The study is unique in the sense that it utilized a weighted index of several key dimensions of the progression and institutional changes involved in the reform of the financial sector, thereby sufficiently capturing the whole process of financial reforms in Nigeria.

There follows a much abbreviated account of the reports by the panel chairmen. It is regretted that a complete record was not kept.