The Financial Crisis: Causes and Lessons - Ending Government Bailouts as We Know Them Part I – The Crisis

2009 ◽  
Author(s):  
Kenneth E. Scott
Keyword(s):  
Financial Crisis ◽  
Government Bailouts

Understandable public anger

Pragmatics ◽  
2021 ◽  
Author(s):  
Ruth Breeze
Keyword(s):  
Financial Crisis ◽  
Money Laundering ◽  
Banking Sector ◽  
False Reporting ◽  
Government Bailouts ◽  
The Chairs

Abstract In the ten years from 2008 onwards the banking sector was constantly in the spotlight. Blame for the financial crisis and concern regarding controversial government bailouts were followed by public outrage about inflated bonuses, money laundering and false reporting. Over this period, banks deployed a range of legitimation strategies to salvage their reputation. This paper proposes a modified typology of legitimation strategies based on previous research (van Leeuwen and Wodak 1999; Vaara, Tienari and Laurila 2006), and examines how these are used by in the “letter to shareholders” published by the chairs of the five main UK-based banks over the ten years following the crisis. The strategies are analysed in terms of their object, target and interdiscursive features, and the particular persuasive roles of narrative and emotion are underlined.

scholarly journals A Regulation Model for the Solvency of Banking System: Based on the Pinning Control Theory of Complex Network

2017 ◽  
Vol 2017 ◽  
pp. 1-13 ◽  
Author(s):  
Xiang Gao ◽  
Ming Zhou ◽  
Hongbing Ouyang
Keyword(s):  
Financial Crisis ◽  
Control Theory ◽  
Complex Network ◽  
Stress Test ◽  
Banking System ◽  
Pinning Control ◽  
Regulation System ◽  
Proposed Model ◽  
Regulation Model ◽  
Government Bailouts

A dynamic model is proposed based on the pinning control theory of complex network in order to simulate government bailouts against financial crisis and then is applied to a stress test of China’s interbank borrowing and lending network from 2007 to 2014. The proposed model takes many cases into account, so it is able to simulate bailout effects with different parameters, capture temporal and individual differences of banks’ spillovers effects, and reflect their sensitivity to government bailouts indirectly. This paper offers an innovative model to identify the systemic-important banks in financial crisis and construct a macroprudential regulation system based on network theory.

scholarly journals The annihilation of time by space in the COVID-19 pandemic downturn

2020 ◽  
Vol 10 (2) ◽  
pp. 191-194
Author(s):  
Callum Ward
Keyword(s):  
Financial Crisis ◽  
Rapid Exchange ◽  
Government Bailouts

A defining feature of capitalism has been its ‘annihilation of space by time’ in the constant reduction of geographical barriers to rapid exchange. Overviewing how the COVID-19 pandemic lockdown has triggered a financial crisis staunched only by massive government bailouts, this commentary points to a need to orient analysis to the annihilation of time by space.

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