ETFs and Systemic Risks

2020 ◽  
Author(s):  
Maureen O'Hara
Keyword(s):  
Systemic Risks

scholarly journals “How Do We Actually Do Convergence” for Disaster Resilience? Cases from Australia and the United States

2021 ◽  
Author(s):  
Shefali Juneja Lakhina ◽  
Elaina J. Sutley ◽  
Jay Wilson
Keyword(s):  
United States ◽  
Research Policy ◽  
Well Being ◽  
The United States ◽  
First Century ◽  
Urban Resilience ◽  
South Wales ◽  
Systemic Risks ◽  
Work Community ◽  
Research Findings

AbstractIn recent years there has been an increasing emphasis on achieving convergence in disaster research, policy, and programs to reduce disaster losses and enhance social well-being. However, there remain considerable gaps in understanding “how do we actually do convergence?” In this article, we present three case studies from across geographies—New South Wales in Australia, and North Carolina and Oregon in the United States; and sectors of work—community, environmental, and urban resilience, to critically examine what convergence entails and how it can enable diverse disciplines, people, and institutions to reduce vulnerability to systemic risks in the twenty-first century. We identify key successes, challenges, and barriers to convergence. We build on current discussions around the need for convergence research to be problem-focused and solutions-based, by also considering the need to approach convergence as ethic, method, and outcome. We reflect on how convergence can be approached as an ethic that motivates a higher order alignment on “why” we come together; as a method that foregrounds “how” we come together in inclusive ways; and as an outcome that highlights “what” must be done to successfully translate research findings into the policy and public domains.

Climate Change, Public Insecurity and Law: Conflicts Over Water Resources in the Brazilian Context

2021 ◽  
pp. 1-13
Author(s):  
Fernanda Dalla Libera Damacena
Keyword(s):  
Climate Change ◽  
Water Resources ◽  
Social Systems ◽  
Public Security ◽  
Social Stability ◽  
Environmental Conflicts ◽  
State Initiative ◽  
Systemic Risks ◽  
Culture Of Peace ◽  
Triggering Factor

The article examines to what extent the adverse effects of climate change can be considered triggering factors of public insecurity. Against this background, it explores the growing environmental conflicts involving water resources in Brazil, including the Amazon region. In addition to the introduction and conclusion, the paper is structured around three topics. The first one outlines how the concept of public security has evolved to the present state, in which climate change is taken into account. Next, climate change is discussed as a factor that magnifies vulnerabilities, an argument supported by a discussion of historical events. The third topic highlights the main threats, vulnerabilities and conflicts involving water resources in Brazil, taking a scientific view of systemic risks and precaution. Finally, we propose rethinking the concept of public security in Brazil from a perspective of parameters involving regulations, principles and state initiative. The article suggests that the immediate and future effects of climate change do have a profound impact on social systems and on the environment, and may be a triggering factor of public insecurity. If institutions and governments do not address existing effects, and invest in adaptations to meet future scientific forecasts on climate change, social stability and the development of a culture of peace will be less likely in Brazil. A fundamental step in this process is the reformulation of the conventional concept of public security in the Brazilian legislation, in order to expressly incorporate the variable of climate security among its stated objectives. In addition, we point out a set of actions and principles with the potentital to promote not only adaptation and resilience, but also contribute to building peace. In terms of methodology, the study is descriptive, exploratory, legislative, bibliographical and documentary.

scholarly journals Resilience, Reinvention and Transition during and after Quarantine

2020 ◽  
Vol 23 (3) ◽  
pp. 230-236
Author(s):  
Kristof Van Assche ◽  
Martijn Duineveld ◽  
S. Jeff Birchall ◽  
Leith Deacon ◽  
Raoul Beunen ◽  
...  
Keyword(s):  
Current System ◽  
New Governance ◽  
Governance System ◽  
Current Crisis ◽  
Economic Relations ◽  
Systemic Risks ◽  
The Social ◽  
Problems And Solutions ◽  
Governance Tools

Quarantine measures and the crises triggering them are never neutral in the sense that a return to the past is impossible. These measures are also a signal of other things like systemic risks and weaknesses. A period of quarantine is also a thing in and by itself. What happens after quarantine is thus shaped both by the state of the social-ecological system preceding quarantine and by what happened during quarantine. The selectivities introduced during quarantine span discursive, institutional and material realms. Old discourses can return with a new meaning. Social and economic relations can reappear seemingly unchanged, they can be more visibly altered and they can be dismantled. Ideologies, however, to be understood here as master discourses, read problems and solutions in their own way and do not necessarily come closer to each other or disappear. All this, offers food for thought regarding the possibilities and limits of resilience and transition. We argue that the current COVID- 19 pandemic casts doubt on the generic applicability of theories of resilience and transition, yet also sheds a new light on the value of both. We propose the concept of reinvention to describe what is happening and what could happen in a more coordinated fashion. We argue that the current crisis reveals mechanisms in systems dynamics that point at the existence of multiple pathways after dramatic system shocks. Some shocks and their system- specific responses (such as a particular kind of quarantine) are more amenable to resilience strategies afterwards, while others require a path of radical transition. They might also both be needed: a rather stark transition now might ensure future resilience. While the outline of the system after transition is not clear, some desirable features are clear as are the risks and damages of the current system. Also clear is the argument for transitional governance, a temporary governance system (beyond quarantine) which can enable the construction of new long term perspectives in governance and new governance tools meant to reduce chances of a crisis like this one reoccuring.

scholarly journals Integrated Management of Land Use Systems under Systemic Risks and Security Targets: A Stochastic Global Biosphere Management Model

2016 ◽  
Vol 67 (3) ◽  
pp. 584-601 ◽  
Author(s):  
Tatiana Ermolieva ◽  
Petr Havlík ◽  
Yuri Ermoliev ◽  
Aline Mosnier ◽  
Michael Obersteiner ◽  
...  
Keyword(s):  
Land Use ◽  
Integrated Management ◽  
Management Model ◽  
Land Use Systems ◽  
Systemic Risks

scholarly journals Towards a plurilateral Trade in Services Agreement (TISA): Challenges and prospects

2014 ◽  
Vol 05 (01) ◽  
pp. 1440006 ◽  
Author(s):  
Pierre Sauvé
Keyword(s):  
World Trade ◽  
Trade Agreement ◽  
Trade In Services ◽  
Policy Area ◽  
Forward Movement ◽  
Preferential Trade Agreement ◽  
Services Trade ◽  
Development Agenda ◽  
Systemic Risks ◽  
The World

This paper addresses a number of policy challenges arising from ongoing attempts to negotiate a plurilateral Trade in Services Agreement (TISA), a recently launched plurilateral negotiating initiative coexisting uneasily alongside the World Trade Organisation's General Agreement on Trade in Services (GATS), particularly in the context of the ongoing Doha Development Agenda. While the TISA offers scope for imparting much needed forward movement to a policy area of central economy-wide and trade importance, such progress, even if realized within the narrower confines of a preferential trade agreement made possible under the GATS, poses a number of systemic risks to the multilateral order extending beyond services trade.

FINANCIAL SYSTEM RISKS

2021 ◽  
pp. 13-21
Author(s):  
S. E. Demidova ◽  
Keyword(s):  
Public Finance ◽  
Social Economic ◽  
Financial System ◽  
System Stability ◽  
Theoretical Research ◽  
Financial Risks ◽  
The Public ◽  
Systemic Risks ◽  
The Social ◽  
The Impact

Government interference in the social-economic processes through the implementation of anti-crisis measures and fiscal expansion holds the embodiment of financial risks for economic entities. As a result, government debt and budget gaps at the continuing drop of real disposable household income and companies’ profitability grow. Over a long-term horizon, the decisions made can cause a financial system misbalance and new risk generation, including systemic risks in the sphere of public finance. The author carries out the theoretical research of financial system risks, which can result in a decrease in the system stability in general. The study determines that there is no single theoretical concept of financial risks of the public sector. Within the research, the author analyzed the approaches to systemic risks in various economic sectors and decomposed systemic risk of the public finance sphere. The study specified global factors of influence on the financial system stability, determined the impact factors and common fiscal limitations considering the needs in the execution of state obligations. The pandemic factor – COVID-19 spread is highlighted as an exogenous factor of impact on the formation of financial system misbalances. The main threat to the financial system stability considered in terms of the functional-institutional approach is the deficiency of economic entities’ liquidity. Unprecedented budgetary measures of anti-crisis financial regulation, the deferred impact – tax preferences, and monetary measures had an immediate influence on the liquidity volume during the implementation of anti-COVID activities. Tools of budgetary monitoring, budget expenditures reviews, tax expenditures reviews, and budget consolidation ensure the budget mechanism flexibility. Factors producing financial system risks and the selected measures of state regulation will set the trends for the social-economic development of the country in the coming years.

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