scholarly journals Driver Countries in Global Banking Network

Entropy ◽  
2020 ◽  
Vol 22 (8) ◽  
pp. 810
Author(s):  
Farzaneh Atyabi ◽  
Olha Buchel ◽  
Leila Hedayatifar

We analyze the network of cross-border bank lending connections among countries from 1977 to 2018. The network includes core countries that lend money and peripheral countries that borrow money from core countries. In nowadays highly connected banking network, financial crisis that start from a country can spread to other countries very fast and cause global affects. We use principal component analysis (PCA) to find the influential lending (core) countries in this network over the years and clusters of borrowing (peripheral) countries related to these impactful core countries. We find three clusters of peripheral countries, with some constant and some changing members over time. This can be a sign of changes in the financial or political interactions among countries. The changes in the role of core countries and how these roles get affected by the important financial crisis in the past decades is investigated. Among 31 of core countries, 7 countries have a partially or constantly important role in the network including France, United Kingdom, United States, Japan, Germany, Chinese Taipei and Switzerland.

2018 ◽  
Vol 25 (2) ◽  
pp. 138-168 ◽  
Author(s):  
Jennifer M. Miller

This article explores the central role of Japan’s rise to global economic prominence in the evolution of Donald J. Trump’s worldview. It traces how the transformation of the relationship between the United States and Japan during the 1980s informed Trump’s ideas about trade and protectionism, globalization, the international economy, and executive power. Trump, it argues, was a product of U.S.-Japanese relationship; while he began his public career as a prominent critic of Japan, claiming that the country exploited American trade and defense policy, his career in real estate heavily relied on Japanese finance. This contradictory approach continues to shape his understanding of Japan. As president, Trump repeatedly condemns Japan as predatory and protectionist, but also seeks expanded Japanese investment in the United States to revitalize the U.S. economy. Equally important, Trump has expanded criticisms originating with Japan to countries like China and Mexico, international agreements such as the Trans-Pacific Partnership and the North American Free Trade Agreement, and the World Trade Organization. By tracing Trump’s rhetorical, financial, and diplomatic encounters with Japan over the past thirty years, this article uncovers the sources of Trump’s contradictory attitudes towards trade, globalization, and cross-border investment and his understandings of strong leadership and executive power.


Author(s):  
Inés Gomes ◽  
Ana Isabel Queiroz ◽  
Daniel Alves

Insects that are potentially harmful to agriculture have shaped agricultural practices and policy-making worldwide. For some species and geographies, historical research still needs to be done. This is not only crucial to understanding the past, but also the present and future of pest surges. An overview of Iberian history in relation to the Moroccan locust (Dociostaurus maroccanus) between 1898 and 1947 reveals a) the historical distribution of locust invasions, showing that they were much larger than previously suggested; b) how outbreaks triggered local, regional and national responses, including mandatory regulations, in the last two centuries at least; c) differences and similarities, between countries, and over time, in the control measures applied, which reflect perceptions about the role of authorities and the efficacy of those measures. This paper also adds clarity to the discussion about the factors involved in the decline of outbreaks in recent years and provides a crucial context for future Orthoptera management programmes.


2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Sung-Yoon Kang ◽  
Hyojung Kim ◽  
Sungwon Jung ◽  
Sang Min Lee ◽  
Sang Pyo Lee

Abstract Background The microbiota of the lower respiratory tract in patients with non-tuberculous mycobacterial pulmonary disease (NTM-PD) has not been fully evaluated. We explored the role of the lung microbiota in NTM-PD by analyzing protected specimen brushing (PSB) and bronchial washing samples from patients with NTM-PD obtained using a flexible bronchoscope. Results Bronchial washing and PSB samples from the NTM-PD group tended to have fewer OTUs and lower Chao1 richness values compared with those from the control group. In both bronchial washing and PSB samples, beta diversity was significantly lower in the NTM-PD group than in the control group (P = 2.25E-6 and P = 4.13E-4, respectively). Principal component analysis showed that the PSBs and bronchial washings exhibited similar patterns within each group but differed between the two groups. The volcano plots indicated differences in several phyla and genera between the two groups. Conclusions The lower respiratory tract of patients with NTM-PD has a unique microbiota distribution that is low in richness/diversity.


Organization ◽  
2015 ◽  
Vol 23 (1) ◽  
pp. 71-89 ◽  
Author(s):  
Fabio James Petani ◽  
Jeanne Mengis

This article explores the role of remembering and history in the process of planning new spaces. We trace how the organizational remembering of past spaces enters the conception (i.e. planning) of a large culture center. By drawing on Henri Lefebvre’s reflections on history, time and memory, we analyze the processual interconnections of his spatial triad, namely between the planned, practiced, and lived moments of the production of space. We find that over time space planning involves recurrent, changing, and contested narratives on ‘lost spaces’, remembering happy spaces of the past that articulate a desire to regain them. The notion of lost space adds to our understanding of how space planning involves, through organizational remembering, a sociomaterial and spatiotemporal work of relating together different spaces and times in non-linear narratives of repetition.


2021 ◽  
Vol 14 (10) ◽  
pp. 468
Author(s):  
Peter Zámborský ◽  
Zheng Joseph Yan ◽  
Erwann Sbaï ◽  
Matthew Larsen

The purpose of this paper is to analyze the relationship between home country institutions and cross-border merger and acquisition (M&A) motives of MNEs from the Asia-Pacific region, with a focus on the role of regulatory quality and dynamics. We empirically examine how M&A motives are affected by elements related to risk of the institutional environment of the acquiring firm’s home country regulatory quality over time. The study is grounded in the general theory of springboard MNEs, and the institutional views of cross-border operations, namely the institutional escapism and institutional fostering perspectives. Using data on over 700 cross-border M&As of European firms by Asia-Pacific MNEs in 2007–2017, we analyze the rationales for these deals and their relationship to the institutional characteristics of the buyers’ home countries including regulatory quality and voice and accountability. We found that the quality of home country regulatory environment is significantly related to domestic firms’ motivation for international M&As. However, the significance and sign of the effects differ for different types of motives and over time. Our findings contribute to the literature on general versus emerging MNE-specific internationalization theories (particularly the theory of springboard MNEs) by expounding on the types and dynamics of cross-border M&A motives.


Author(s):  
Thomas Steinfatt ◽  
Dana Janbek

This chapter focuses on the use of propaganda during times of war, prejudice, and political unrest. Part one distinguishes between persuasion and one of its forms, propaganda. The meaning-in-use of the term ‘propaganda' is essential to understanding its use over time. Part two presents relevant examples of propaganda from the past several centuries in the United States and Europe. These examples include episodes from World War I and II, among others. Propaganda is not a new tool of persuasion, and learning about its use in the past provides a comparison that helps in understanding its use in the present and future. Part three looks at recent examples of how propaganda occurs in actual use in online terrorist mediums by Al-Qaeda and by the Islamic State in Iraq and Syria (ISIS).


Author(s):  
Ying Xu ◽  
Hai Anh La

This chapter assesses the spillover effects of the United States’ unconventional monetary policy on the Asian credit market. With a focus on cross-border bank lending, it employs firm-level loan data with regard to the syndicated loan market and measures the international bank lending channel through changes in United States dollar-denominated loans extended to Asian borrowers. It finds that the growth of dollar credit in Asia increased substantially in response to quantitative easing in the US financial market. The results of this study confirm the existence of the bank lending channel in Asia and emphasize the role of credit flows in transmitting financial conditions. The chapter also provides new evidence of cross-border liquidity spillover in the syndicated loan market. It finds that the overall spillover effect was large but differed significantly in Asia by types of borrowing firms, financing purposes, and loan terms at different stages of the quantitative easing programmes.


2019 ◽  
Vol 1 (2) ◽  
pp. 193-208 ◽  
Author(s):  
Stefan Avdjiev ◽  
Wenxin Du ◽  
Cathérine Koch ◽  
Hyun Song Shin

We document a triangular relationship in that a stronger dollar goes hand in hand with larger deviations from covered interest parity (CIP) and contractions of cross-border bank lending in dollars. We argue that underpinning the triangle is the role of the dollar as a key barometer of risk-taking capacity in global capital markets. (JEL F23, F31, G15, G21)


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