The efficacy of the Egyptian bank reform plan in mitigating the impact of the global financial crisis

This study tests the ability of the Egyptian Bank Reform Plan (2004–2009) to enhance bank efficiency and attain the prime national macroeconomic objectives of generating youth employment, stabilizing consumer prices and managing national debt, which were significantly impacted by the global financial crisis (GFC). The Pedroni Fully Modified Ordinary Least Squares (FMOLS) method is employed and the period covered extends from 2003:01 till 2010:03. The results of the study reveal that the bank reform program has helped the economy weather the impact of the global economic meltdown. On the whole, the reformed banking sector showed evident success in helping the Central Bank of Egypt achieve its nominal anchor of price stability, with the highest outcome delivered by foreign banks. State banks are the most efficient in creating jobs and financing national debt. Private domestic banks are fairly functional in job creation and financing foreign debt. While these results attest to the general success of the reform in mitigating the impact of the blow of the GFC, further enhancement of the role of foreign banks is needed to attain the other two macroeconomic goals.     

The financial competition,concentration and structure of financial performance nexus in the financial sector of Oman

Economic Change and Restructuring - This study aimed to measure the impact of financial competition, as measured by the Lerner index (LRI) and the Panzar-Rosse model (PRM), and concentration, as...     

被害人独立诉讼主体地位的回归

原始的刑事自诉模式下,被害人为刑事诉讼的主体之一。但在漫长的中世纪,被害人陷入证人的境地,国家成为唯一的诉讼主体。当代,虽然被害人普遍地被当作刑事诉讼的当事人,但是并不具有独立的诉讼主体地位,所以传统的刑事诉讼结构一直没有被害人的一席之地。现代刑事诉讼制度应当恢复刑事被害人的诉讼主体地位,并设计相应的制度充分保障刑事被害人诉讼主体地位的实现。     

The use of RAS and related models in manpower forecasting

With the increasing availability of statistics describing the occupational structures of different industries manpower forecasters are beginning to develop more sophisticated models. The economic rationale of such models has tended to be obscured by the mathematics involved and an understandable eagerness to put the data to use in forecasting. In addition, the systematic testing of the explanatory power of these models has been neglected where it has not been hampered by the shortage of data series. The RAS model has featured prominently in manpower discussions and this paper attempts an evaluation of its predictive ability and economic interpretation subject to the limits imposed by the data available for the British engineering industry. It is argued that such a model plays a useful initial role in the development of models for sectoral manpower forecasting but must lead on to a more sensitive treatment of the labour market and the decision problem of investing in human capital.     

Re-examining the effect of financial markets and institutions on economic growth: evidence from the OECD countries

Economic Change and Restructuring - This study re-examines the impact of financial structure on economic growth for 24 advanced OECD countries from 1980 to 2017 using dynamic panel estimators....     

论国际金融衍生交易的法律监管

在目前的国际金融市场上,既能规避风险又能导致风险的金融衍生工具,本身是一把“双刃剑”。尽管没有一种金融业务像衍生工具那样自出生就招致如此多的麻烦,但仍阻挡不了全球金融业对它的向往。因为衍生交易创造了空前繁荣和膨胀的金融市场,并且在很大程度上改变了传统银行体系的经营范畴和交易规则。目前,对一些大型银行来说,衍生交易业务规模大有取代传统存贷业务规模之势,而成为商业银行、投资银行和信托投资公司的主导业务。但是,面对着国际     

Impact of financial leverage on sustainable growth,market performance,and profitability

Economic Change and Restructuring - The purpose of this study was to measure the impact of financial leverage on the performance of 424 Pakistani nonfinancial listed companies over the...     

The US financial regulatory reform, causes of financial crisis and its enlightenment on China

Deficiency of the US financial regulation has stimulated the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The fundamental causes of the regulatory deficiency can be categorized as follows: excessively indebted consumption culture in a long term, permanently abolishing the regulation on financial derivatives by the US Commodity Futures Trading Commission, and the regulations before the reform not fitting for the fictitious economy. The operation of financial products is like to fly a kite. The financial product is the kite, governmental adjustment is the string, market regulation is the wind, national culture and legislature and judicature are the environment. Those coordinated elements can guarantee a healthy financial market. To construct an effective financial regulatory system in China, it is needed to make culture with Chinese characteristics, advance the coordinated development of governmental and market regulation, and promote financial legislations and related implementation.     

The role of economic and psychological variables in parking violations

Abstract

This study explored some of the factors involved in parking violations, using as a framework the model of tax evasion developed by Weigel, et al. (1987). Two groups of parkers were observed, offenders (N = 121) and non-offenders (N =128). Two questionnaires were employed. An initial questionnaire was used at the time of the observed behaviour to ascertain situation-specific factors followed by the main questionnaire which measured attitudes, moral beliefs, social norms and controls, perceived risk and severity of punishment and personal characteristics. Results revealed that the Weigel et al. model was a good predictor of parking violation with both economic and psychological factors being important determinants. There was also a significant correlation between observed and self-reported behaviour. Implications for understanding rule-breaking behaviour in general are also discussed.     

The financial benefits of persistently high forward citations

The Journal of Technology Transfer - We explored the balance between societal benefits that negatively affect firms’ financial performance by eroding their competitive advantage and positive...     

The European Union--law, financial institutions and the banking crisis

The first 150 words of the full text of this article appear below. Key points

• Law created by European Institutions affects businessin all areas, none more so than in the financial sector, asthe recent financial crisis has thrown into sharp relief. Notonly the Directives that shape regulation of financial businesses(outside the scope of this article), but some provisions ofthe Treaty, Directives, Regulations and Decisions affect theability of banks to do business, in their dealings with States,as well as in their dealings with commercial customers and eachother.
• Key in the financial crisis have been the Treaty ruleson State aid: these have affected the ability of States to assistfinancial institutions in difficulty and the manner in whichthey give assistance; the recognition of the global financialcrisis as creating a disturbance in the economy of many MemberStates has been central to the swift approval of rescue aidin accordance with new guidance, while reconstruction . . . [Full Text of this Article]