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The 2007-2010 financial crisis highlighted the central role of financial intermediaries stability in buttressing a smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the strength of the bank lending channel, recent evidence shows...
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The paper examines the basic rationale and features of the proposals adopted to separate specific investment and commercial banking activities (Volcker rule, Vickers and Liikanen proposals). In particular, it focuses on the likely implications of such initiatives for: (i) financial stability and...
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composition of the List. -- global public goods ; world heritage ; international organizations ; international political economy …The official intention of the UNESCO World Heritage List is to protect the global heritage. However, the existing List …
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distribution of Sites. -- UNESCO ; international organizations ; international political economy ; global public goods ; world …The official intention of the UNESCO World Heritage List is to protect the global heritage. However, the imbalance of … the distribution of Sites according to countries and continents is striking. Consequently, the World Heritage Committee …
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