Alternate Paths to Power? Women's Political Representation in Nicaragua

Political alternate positions (otherwise known as substitutes) can have important effects on women's abilities to enter politics. Using the case of Nicaragua, this study assesses whether these alternate positions are being used to increase women's political representation or as a tool to undermine women's advancement into positions of power. By examining patterns of women's representation as candidates in the 1996, 2001, and 2006 elections for the National Assembly and as elected officeholders (as both alternates for those assembly members and titleholders), the article analyzes how various political parties are utilizing these alternate positions. Contrary to the conventional wisdom, this study finds no evidence that these alternate positions are used to undermine women's political progress.     

Monetary transmission and the financial sector in the Czech Republic

In this paper, we (1) examine the interactions of financial variables and the macroeconomy within the block-restriction vector autoregression model and (2) evaluate to what extent the financial variables improve the forecasts of GDP growth and inflation. For this reason, various financial variables are examined, including those unexplored in previous literature, such as the share of liquid assets in the banking industry and the loan loss provision rate. Our results suggest that financial variables have a systematic and statistically significant effect on macroeconomic fluctuations. In terms of forecast evaluation, financial variables in general seem to improve the forecast of macroeconomic variables, but the predictive performance of individual financial variables varies over time, even though it strengthens during the 2008?C2009 crisis. The results give some support for the risk-taking channel of monetary policy, as the level of the monetary policy rate is positively associated with the loan loss provision rate of commercial banks. Finally, a more stable financial system is found to contribute to faster economic growth.     

Explanatory factors of the relationship between gender diversity and corporate performance

In recent years a growing interest in gender diversity has arisen in the business context, and a significant number of research studies have analysed its effect on corporate performance. Nonetheless, these studies have not led to conclusive results, perhaps owing to the complexity of the relationship. The present work focuses on analysing two possible justifications of the contradictory effects of gender diversity on company performance: the business context and the optimum size of the female presence in decision-making bodies. The results obtained show that when working conditions and academic background are similar, women achieve better performance in sectors traditionally dominated by men. Moreover, to take the best advantage of gender diversity it is recommended that boards of directors should be balanced or have a slightly higher female presence.     

International Norms and National Indigenous Politics: Mapuche Demands for Territory in Chile

Indigenous movements have increasingly turned to the global arena to achieve their political goals at the national level. Using the norm diffusion model, the present article analyzes the relationship between the international indigenous rights regime (IRR) and the conceptualizations of indigenous territory used by four Mapuche organizations in Chile over the last 10 years. We find that the organizations draw on the IRR to frame their demand for autonomous territories based on historical Mapuche practices. We identify two conceptualizations: (1) a larger territory with political but not economic autonomy and (2) a smaller natural-cultural space characterized by a distinctive economic logic.     

A free market bailout alternative?

It has been more than 3 years since the collapse of the investment bank Lehman Brothers and the beginning of the Troubled Asset Relief Program. Most recently, the sovereign debt crisis in Europe has led to the bailout of the governments of Ireland, Portugal and Greece. A main reason behind these bailouts is to support European banks loaded with government bonds on their balance sheet. In this article we analyze the detrimental consequences of the public bailout in 2008 and argue that a free market alternative existed. The alternative of a private bailout outlined in this article, consisting of the conversion of liabilities into equity and a private capital increase, largely avoids the problems of a public bailout. Similarly, a public bailout of governments of the Eurozone to sustain banks may be detrimental.