scholarly journals The Role of Short-Time Work Schemes During the Global Financial Crisis and Early Recovery: A Cross-Country Analysis

2013 ◽  
Author(s):  
Alexander Hijzen ◽  
Sébastien Martin
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Early Recovery ◽  
Time Work ◽  
Country Analysis ◽  
Cross Country ◽  
The Global Financial Crisis ◽  
Short Time

scholarly journals Securing Jobs in Times of Recession. The German Experience during the Financial Crisis 2008/2009

2020 ◽  
Vol 30 (1) ◽  
pp. 59
Author(s):  
Martin Dietz ◽  
Michael Stops ◽  
Ulrich Walwei
Keyword(s):  
World War Ii ◽  
Financial Crisis ◽  
Labour Market ◽  
Global Financial Crisis ◽  
Sharp Decrease ◽  
Working Time ◽  
Public Subsidies ◽  
Time Work ◽  
The Global Financial Crisis ◽  
Short Time

As a consequence of the global financial crisis Germany experienced the deepest slowdown of its economy since World War II. However, given the sharp decrease of GDP the German labour market was quite stable compared to previous recessions when the labour market response was stronger. Therefore, there are empirical indications for temporary labour hoarding and it can be shown that the most significant factor for securing jobs was a reduction of working time. At the beginning of the crisis the conditions for short-time work became more attractive to firms. Therefore, non-subsidised forms of working time reductions or labour hoarding were complemented by public subsidies in the form of short-time work.

Transparency Regulation in Financial Markets – Moving into the Surveillance Age?

2011 ◽  
Vol 2 (3) ◽  
pp. 305-321
Author(s):  
Iris H-Y Chiu
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
Financial Regulation ◽  
Global Financial Crisis ◽  
Financial Sector ◽  
Regulatory Control ◽  
Legal Reforms ◽  
The Global Financial Crisis ◽  
Risk Oversight

In the wake of the global financial crisis, the trajectory of legal reforms is likely to turn towards more transparency regulation. This article argues that transparency regulation will take on a new role of surveillance as intelligence and data mining expand in the wholesale financial sector, supporting the creation of designated systemic risk oversight regulators.The role of market discipline, which has been acknowledged to be weak leading up to the financial crisis, is likely to be eclipsed by a more technocratic governance in the financial sector. In this article, however, concerns are raised about the expansion of technocratic surveillance and whether financial sector participants would internalise the discipline of regulatory control. Certain endemic features of the financial sector will pose challenges for financial regulation even in the surveillance age.

The impact of the global financial crisis on Millennium Development Goal attainment in Africa

2017 ◽  
Author(s):  
Leah McMillan Polonenko
Keyword(s):  
Financial Crisis ◽  
Goal Attainment ◽  
Global Financial Crisis ◽  
Adequate Funding ◽  
Development Goals ◽  
Education In Ghana ◽  
The Global Financial Crisis ◽  
The Impact ◽  
Global Initiatives

This chapter examines the challenges involved in attaining the Millennium Development Goals (MDGs) in Africa in the wake of the 2008 global financial crisis and highlights important lessons for future financing of global initiatives. The 2008 global financial crisis provided a very important caution: global initiatives are only as good as their global conditions. The crisis had very real consequences for the education sector, particularly through the reduction of adequate funding. The chapter first considers the consequences of the global financial crisis to education, taking into account the role of foreign aid, before discussing the cases of primary education in Ghana and Zimbabwe. It concludes by suggesting some best practices for learning from the failures to education from the 2008 agenda.

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