scholarly journals The Role of Accounting in the Financial Crisis: Lessons for the Future

2011 ◽  
Author(s):  
S.P. Kothari ◽  
Rebecca Lester
Keyword(s):  
Financial Crisis ◽  
The Future

Korea's Post-Crisis Monetary Policy Reforms

2005 ◽  
Vol 08 (04) ◽  
pp. 707-731 ◽  
Author(s):  
Donghyun Park ◽  
Junggun Oh
Keyword(s):  
Monetary Policy ◽  
Financial Crisis ◽  
Inflation Targeting ◽  
Financial System ◽  
Capital Inflows ◽  
Policy Reforms ◽  
The Future

Korea's financial crisis of 1997–1998 was brought about by the unsustainable combination of large capital inflows and an inefficient financial system. The Bank of Korea contributed to the crisis primarily through its failures as the regulator of the financial system rather than as the conductor of monetary policy. Our paper explores the role of the two major monetary policy reforms Korea has implemented in response to the crisis — the establishment of a new financial regulator and the adoption of inflation targeting — in Korea's efforts to build a stronger and more efficient financial system, thereby preventing crises in the future.

scholarly journals Reflections on English Law Schemes of Arrangement in Distress and Proposals for Reform

2018 ◽  
Vol 15 (3) ◽  
pp. 472-502 ◽  
Author(s):  
Sarah Paterson
Keyword(s):  
Financial Crisis ◽  
European Commission ◽  
Debt Restructuring ◽  
Reform Agenda ◽  
Crucial Question ◽  
The Future ◽  
Corporate Insolvency ◽  
The Government ◽  
The Uk

The English scheme of arrangement process has, in many ways, proved a reliable friend to distressed companies and their majority finance creditors in the decade following the financial crisis. However, experience of using the scheme process to achieve a debt restructuring has highlighted a number of areas where it could be improved for the present, or to make it more adaptable in the future. This article was written at a time when the Insolvency Service had launched a review of the corporate insolvency framework in the UK (and published many of the responses which it has received to the consultation), and the European Commission had published a proposal for a new Directive setting minimum harmonisation standards for restructuring law. Both the consultation and the proposal have significant implications for the reform agenda, and the Government has published its response to the UK consultation just as this article is going to press. This paper focuses on the introduction of a preliminary moratorium as a gateway to restructuring efforts, the crucial question of how to value the enterprise if a cram down mechanism is introduced and the role of the insolvency practitioner in the scheme context.

scholarly journals Main lessons for finance of the 2007-2009 crisis

2010 ◽  
Vol 7 (4) ◽  
pp. 62-65
Author(s):  
Tom Berglund
Keyword(s):  
Financial Crisis ◽  
Economic Analysis ◽  
Financial Markets ◽  
Information Asymmetry ◽  
Asset Values ◽  
The Future ◽  
Role Of Information

This paper discusses issues that should receive an increased weight in how finance is being taught in the future, based on the experiences of the financial crisis of 2007-2009. The three specific lessons are: the role of basic economic analysis in understanding the foundations of asset values, the shortcomings of diversification as a method to reduce risks, and the increased role of information asymmetry in crisis stricken financial markets.

scholarly journals Felfedezni a fedezetlent? – Körkép hedge fundokban rejlő lehetőségekről és kockázatokról

2015 ◽  
Vol 12 (3-4) ◽  
pp. 3-19
Author(s):  
Zsolt Bujtár ◽  
András Kecskés
Keyword(s):  
Financial Crisis ◽  
Risk Taking ◽  
Hedge Funds ◽  
Legal Regulation ◽  
Market Participants ◽  
The World ◽  
The Future ◽  
Regulatory Reforms

The first thing that comes to one’s mind about hedge funds is risk taking and excelled level of profitability. However, the operation of hedge funds is a disputed and sometimes contradicted process and market participants often express their doubt about the effects of the phenomenon. Therfore, the role of legal regulation is crucial at this field. Avoiding the effect of the afore mentioned regulations is however still intended by many funds that operate all over the world. This paper intends to offer a deeper insight in to the world of hedge funds and the regulatory background. In light of the 2007-2009 financial crisis the topic seems to be evergreen and the future of hedge funds largely depends on the application of the regulatory reforms based on the recent experiences.

Commentary: Growth Prospects and Financial Services

2009 ◽  
Vol 207 ◽  
pp. 4-9 ◽  
Author(s):  
Martin Weale
Keyword(s):  
Financial Crisis ◽  
Financial Services ◽  
Financial Services Industry ◽  
Services Sector ◽  
Financial Services Sector ◽  
The Past ◽  
The Future ◽  
Growth Prospects ◽  
Services Industry

Over the past twenty years the expansion of the British economy has been supported by growth in the financial services industry. With the onset of the financial crisis it seems most unlikely that the financial services industry can, in the future, act as the sort of motor of growth that it had done in the past. This commentary provides an overview of the role of the financial services sector in the economy over the past twenty years and assesses likely developments in the future. It first assesses the contribution of the sector to the economy and then considers the issues surrounding its likely shape in the future.

Challenges of Fear Conditioning Research in the Age of RDoC

2017 ◽  
Vol 225 (3) ◽  
pp. 189-199 ◽  
Author(s):  
Tina B. Lonsdorf ◽  
Jan Richter
Keyword(s):  
Fear Conditioning ◽  
Clinical Diagnosis ◽  
Research Domain Criteria ◽  
Major Focus ◽  
The Future ◽  
Definition Of ◽  
Methodological Considerations ◽  
Research Domain

Abstract. As the criticism of the definition of the phenotype (i.e., clinical diagnosis) represents the major focus of the Research Domain Criteria (RDoC) initiative, it is somewhat surprising that discussions have not yet focused more on specific conceptual and procedural considerations of the suggested RDoC constructs, sub-constructs, and associated paradigms. We argue that we need more precise thinking as well as a conceptual and methodological discussion of RDoC domains and constructs, their interrelationships as well as their experimental operationalization and nomenclature. The present work is intended to start such a debate using fear conditioning as an example. Thereby, we aim to provide thought-provoking impulses on the role of fear conditioning in the age of RDoC as well as conceptual and methodological considerations and suggestions to guide RDoC-based fear conditioning research in the future.

The Role of Tradeoff Salience and Connectedness to the Future Self

2011 ◽  
Author(s):  
Daniel Bartels ◽  
Oleg Urminsky ◽  
Shane Frederick
Keyword(s):  
The Future ◽  
Future Self
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