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seems that Fukuyama's argument concerning the end of history with the ultimate win of liberal democracy requires serious … now even more supported in the dynamics of political discourses, because as it happened between the two World Wars and all … the events that led to the Second World War, liberal democracies are again showing the potential loopholes in their own …
Persistent link: https://www.econbiz.de/10014112915
In 2009, the promise of a comprehensive federal cap and trade bill to address climate change fell apart. At least in part, this was due to the fears that exotic 'carbon' financial instruments might cause more financial crises. As California launches it economy wide carbon trading system, and...
Persistent link: https://www.econbiz.de/10013107537
The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a...
Persistent link: https://www.econbiz.de/10012855741
This thought piece identifies three crises facing international law on climate change-normative, economic, and legitimacy crises. It briefly explains each crisis and argues that states should be guided by their moral compass in addressing climate change
Persistent link: https://www.econbiz.de/10014167648
This Article uses a rational choice analysis to simplify the increasingly complex area of international financial regulation. It proceeds by identifying four “interdependence problems” relating to harmonization of financial standards, capital requirements, bank resolution procedures, and an...
Persistent link: https://www.econbiz.de/10013029921
Conventional economic analysis assumes that Central Counterparties (CCPs) may help to reduce systemic risk and avoid future financial crises by mandating the central clearing of over-the-counter (OTC) derivatives. This view largely goes unchallenged by governments, regulators, practitioners, and...
Persistent link: https://www.econbiz.de/10014101938
The quite recent (2007-2009) global financial crisis (GFC), which was caused by a mix of business, regulatory, supervisory, and macroeconomic (in terms of sub-optimal fiscal and/or monetary policies) failures, had a negative impact both on the financial system – with the failure, through the...
Persistent link: https://www.econbiz.de/10014354197
The present study undertakes an overview of the role of deposit guarantee schemes (DGSs) within the banking crisis management framework. It is structured in four Section:Section 1 discusses the policy objectives of DGSs, namely the protection of depositors and the contribution to the stability...
Persistent link: https://www.econbiz.de/10012437049
Persistent link: https://www.econbiz.de/10014012304
Over the past five years, the renewable energy sector has experienced an unprecedented boom in terms of investment and technological development, due to growing recognition of the role it will play in combating climate change, ensuring energy security and sustainably meeting rising energy...
Persistent link: https://www.econbiz.de/10014150728