Many recent institutional reforms of the financial system have relied on the introduction of an explicit scheme of deposit insurance. This instrument aims at two main targets, contributing to systemic stability and protecting depositors. However, it may also affect the interest rate spread in the banking system, which can be viewed as an indicator of either inefficiency or market power in this financial segment. This paper provides an empirical investigation of the effect of deposit insurance and other institutional and economic variables on bank interest rates across countries. We find that deposit insurance increases the lending–deposit spread in banking. The main effect seems to arise not from the deposit side though, but from an increase in the lending rate. We interpret this result as evidence of the presence of moral hazard problems related to this instrument. We also find that higher quality of institutions is associated with lower spreads, thus contributing to eroding sources of market power in the banking sector. 相似文献
Social Indicators Research - The article aims to analyse gender segregation in the labour market while comparing two national contexts in Europe and Latin America. Specifically, it will consider... 相似文献
Social Indicators Research - In this paper, we aim at ranking a set of nursing homes based on their ability in maintaining their residents’ physical conditions as good as possible. In this... 相似文献
Emotionally Focused Couple Therapy (EFT), an evidence‐based couple therapy (Johnson, Hunsley, Greenberg, & Schindler, 1999), strives to foster lasting change through the creation of secure attachment bonds in distressed couples. Although studies have demonstrated lasting change in follow‐up (Wiebe et al., in press), research is needed to investigate predictors of long‐term outcomes. Our goal was to investigate predictors of long‐term outcomes in relationship satisfaction. Relationship satisfaction was assessed across 24 months in a sample of 32 couples who received an average of 21 EFT sessions. Decreases in attachment avoidance were most predictive of higher relationship satisfaction across follow‐up. These findings support the theoretical assumption that EFT helps couples foster lasting change in relationship satisfaction through the facilitation of secure attachment bonds. 相似文献
The paper examines the policies, choices, structural reforms, regulatory rules, corporate and public administration matching
the world standards, openness, innovation, competitiveness, fulfillment of multilateral obligations, integration and regional
approach achievements and international relations conditionality in the “Global Governance and Geopolitics” of the main economic,
financial and policy issues, with special focus on the new regional approaches pursued by America, the European Union and
Asia and the role of the emerging and transition countries. After the US Dollar, now the Eurozone is under pressure and the
main Asian countries fear a contagion effect. While somebody proposes a slow devaluation of the Euro in order to soften the
public deficits of the group of most exposed countries and restore more competitiveness to the real economy, political leaders
are thinking to adopt indirectly the Euro two speeds operative monetary strategy, through the introduction of the majority
vote, instead of the full Members consensus, for the most important decisions at the ECB in Frankfurt. Aside these monetary
and institutional measures, the binding of the single national fiscal policy to more strict EU parameters of compatibility
with the Eurozone sustainability appear unavoidable. This paper represents the background of my lecture given on November
4 at the Beijing Forum 2011 “The Harmony of Civilizations and Prosperity for All: Tradition and Modernity, Transition and
Transformation” () at the PEK University. 相似文献
Multi-regional input–output (I/O) matrices provide the networks of within- and cross-country economic relations. In the context of I/O analysis, the methodology adopted by national statistical offices in data collection raises the issue of obtaining reliable data in a timely fashion and it makes the reconstruction of (parts of) the I/O matrices of particular interest. In this work, we propose a method combining hierarchical clustering and matrix completion with a LASSO-like nuclear norm penalty, to predict missing entries of a partially unknown I/O matrix. Through analyses based on both real-world and synthetic I/O matrices, we study the effectiveness of the proposed method to predict missing values from both previous years data and current data related to countries similar to the one for which current data are obscured. To show the usefulness of our method, an application based on World Input–Output Database (WIOD) tables—which are an example of industry-by-industry I/O tables—is provided. Strong similarities in structure between WIOD and other I/O tables are also found, which make the proposed approach easily generalizable to them.
The aim of this study is to analyze the rules whereby women are selected for leadership and management roles and to describe the cultural values that can foster their inclusion and participation in Italian Voluntary Organizations. Two hypotheses: the organizational culture that governs these organizations is necessarily oriented toward acceptance, involvement and participation, and the rules and setting must be flexible and inclusive of all members in order to enable each organization to survive. Methodology was based on 91 semi-structured interviews. Findings indicate that Italian Voluntary Organizations must necessarily embrace an organizational culture whose rules and norms are oriented toward attracting men and women to join and encouraging them to participate. Implications for for-profit organizations are also discussed. 相似文献