Deposit Insurance,Institutions, and Bank Interest Rates

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.     

So Far,so Similar? Labour Market Feminization in Italy and Chile

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...     

Ranking Nursing Homes’ Performances Through a Latent Markov Model with Fixed and Random Effects

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...     

Predicting Follow‐up Outcomes in Emotionally Focused Couple Therapy: The Role of Change in Trust,Relationship‐Specific Attachment,and Emotional Engagement

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.     

The vicious circle: effects of race and class on university entrance in Brazil

Brazil has high levels of socio-economic inequality and an inequitable distribution of access to higher education. How much of this inequality is associated with race or class is an important question in light of the current debate over affirmative action and the suitability of race and social targeted policies. There are those who claim that racial disparities in the educational system are a result of students’ social status and not a result of racism, while others believe race is an important factor that superposes the effect of class. This study uses national survey data from Brazil’s Exame Nacional do Ensino Médio (National Secondary Education Exam [ENEM]) to examine the relationship between race and access to higher education of high school students between 2004 and 2008. The results document a vicious circle which connects the schooling of the young with their race, socio-economic status, and university attendance.     

Economic,Financial and Geopolitical Governance: USA,European Union and China

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.     

The Structured Interview of Family Assessment Risk: Convergent Validity,Inter-rater Reliability and Structural Relations

The quality of parenting, composition and socio-economic status are family risk or protective factors on juvenile delinquency, however, there is not an instrument to help psychologists and social workers to specifically assess the adolescent offender’s family. This study set out to accomplish an additional validation study of the structured interview of family assessment risk (SIFAR), a structured professional judgment tool for the assessment of family risk and protective factors of juvenile delinquents. The statistical analyses included inter-rater reliability, convergent validity with YLS/CMI, the Partial Least Squares approach to structural equation modeling and receiving operator characteristics (ROC) analysis. A sample of 130 male adolescent delinquents detained in Portuguese forensic facilities and their parents, were paired analyzed. The YLS/CMI was used to analyze the convergent validity with SIFAR. SIFAR shows a strong correlation with the YLS/CMI family context, moderate to high values of inter-rater reliability; SIFAR factors show that they are predictive determinants of the Moderate Four risk factors. ROC analysis shows adequate accuracy power. The findings show that SIFAR it is useful as an additional assessment tool for structured risk assessment instruments since it allows understanding the vulnerabilities and strengths of the delinquent’s family.