scholarly journals The Impact of the Covid-19 Outbreak on the Banking Sector of Kyrgyzstan

2021 ◽  
Author(s):  
Metin Bayrak ◽  
Dastan Aseinov
Keyword(s):  
World War Ii ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Banking System ◽  
Digital Transformation ◽  
World War ◽  
The Great Depression ◽  
Using Data ◽  
The Impact ◽  
Positive Effect

In the literature, the impact of the COVID-19 pandemic has been compared to the Great Depression of the 1930s, World War II, the 2008 Global Financial Crisis, or natural disasters. The COVID-19 outbreak has deeply affected the economies of countries. Almost every country has endeavored to implement remedial and precautionary packages in a way to overcome the effects of the epidemic with minimum damage in this process. As a result of the limitations and constraints applied according to this crisis, there is an economic crisis. The aim of this study is to research the impact of the COVID-19 outbreak on the banking sector of Kyrgyzstan. The comparative analysis in this study will be carried out using data on the pre-pandemic and pandemic periods of the banking sector. Our results show that the COVID crisis has negatively impacted the Kyrgyz banking sector, mainly in the form of problem loans. The COVID-19 pandemic did not create a serious problem in the form of a lack of liquidity and depreciation of capital. Based on our analysis, the acceleration of the digital transformation of the banking system can be indicated as a positive effect of the pandemic.

THE IMPACT OF WORLD WAR II ON COST ACCOUNTING AT THE SPERRY CORPORATION

2003 ◽  
Vol 30 (2) ◽  
pp. 67-104 ◽  
Author(s):  
Richard K. Fleischman ◽  
R. Penny Marquette
Keyword(s):  
World War Ii ◽  
Performance Management ◽  
Scientific Management ◽  
World War ◽  
Military Contractors ◽  
Management Techniques ◽  
Cost Awareness ◽  
The Impact ◽  
Positive Effect ◽  
The U.S

The impact of World War II on cost accountancy in the U.S. may be viewed as a double-edged sword. Its most positive effect was engendering greater cost awareness, particularly among companies that served as military contractors and, thus, had to make full representation to contracting agencies for reimbursement. On the negative side, the dislocations of war, especially shortages in the factors of production and capacity constraints, meant that such “scientific management” techniques as existed (standard costing, time-study, specific detailing of task routines) fell by the wayside. This paper utilizes the archive of the Sperry Corporation, a leading governmental contractor, to chart the firm's accounting during World War II. It is concluded that any techniques that had developed from Taylorite principles were suspended, while methods similar to contemporary performance management, such as subcontracting, emphasis on the design phase of products, and substantial expenditure on research and development, flourished.

An Exclusive Country Club: The Effects of the GATT on Trade, 1950–94

2005 ◽  
Vol 57 (4) ◽  
pp. 453-478 ◽  
Author(s):  
Joanne Gowa ◽  
Soo Yeon Kim
Keyword(s):  
World War Ii ◽  
Bilateral Trade ◽  
World War ◽  
Trade Blocs ◽  
Country Club ◽  
Before And After ◽  
Bilateral Trade Flows ◽  
Using Data ◽  
Exchange Control ◽  
The Impact

Using data on bilateral trade flows from both before and after World War II, this article examines the impact of the General Agreement on Tariffs and Trade on trade between its members and on the system of interwar trade blocs. It shows that the distribution of the benefits produced by the GATT was much more highly skewed than conventional wisdom assumes. The article also shows that the gold, Commonwealth, Reichsmark, and exchange-control blocs exerted positive and significant effects on trade after 1945. The authors attribute these effects to the bargaining protocol that governed successive rounds of GATT negotiations, the signature element of the postwar trade regime.

scholarly journals Economic Freedom, Country Risk and Cost Efficiency in Jordan and the GCC Countries

2018 ◽  
Vol 21 (1) ◽  
pp. 1-17 ◽  
Author(s):  
Anwar Al-Gasaymeh
Keyword(s):  
Economic Freedom ◽  
Banking Sector ◽  
Stochastic Frontier ◽  
Banking System ◽  
Country Risk ◽  
Macroeconomic Conditions ◽  
Gcc Countries ◽  
Bank Structure ◽  
Using Data ◽  
The Impact

Using data from 2003 to 2010, we examine the impact of economic freedom and country risks on the bank costs of potential Gulf Cooperation Council (GCC) union. In estimating a common frontier, this article employs Stochastic Frontier Approach (SFA) to control for country-specific variables, that is, economic freedom, country risk, macroeconomic conditions, bank accessibility and bank structure, for an unbalanced panel of 90 Jordanian and the GCC countries’ banks. This article further estimates bank efficiency levels in the potential GCC union member countries to shed some light on the capability and capacity of the banks to compete and survive within the future GCC union. We find that economic freedom helps in reducing potential bank costs. Enhancing economic freedom is crucial for the region to attract more investments and create a viable banking system. In order for the GCC members to have a successful union and achieve the objectives faster, it is important to have a similar level of economic performance, in particular in the banking sector.

scholarly journals The Rise of China: Continuity or Change in the Global Governance of Development?

2015 ◽  
Vol 29 (4) ◽  
pp. 419-431 ◽  
Author(s):  
Catherine Weaver
Keyword(s):  
World War Ii ◽  
Global Financial Crisis ◽  
Banking System ◽  
Power Dynamics ◽  
Past Century ◽  
World War ◽  
Rise Of China ◽  
The Global Financial Crisis ◽  
Institutional Architecture ◽  
The Rise Of China

The global financial crisis of 2008 was a reflection point for global economic governance. The crisis, which started in the U.S. banking system and had a disproportionate impact on North America and Europe, provoked widespread contemplation of the legitimacy, relevance, and effectiveness of the core ideas, rules, and structures that have governed the world economy over the past century. In turn, the crisis also illuminated the emergence of new players, power dynamics, and paradigms that promise to challenge—if not fundamentally change—the characteristics of the institutional architecture that has governed international finance, trade, and development since the end of World War II.

Women’s Work and Economic Crisis

2017 ◽  
Author(s):  
Ruth Milkman
Keyword(s):  
World War Ii ◽  
Labor Market ◽  
Women Workers ◽  
Great Depression ◽  
Economic Crisis ◽  
World War ◽  
Sex Typing ◽  
Economic Role ◽  
The Great Depression ◽  
The Impact

This chapter examines the impact of the 1930s economic crisis on women workers, focusing on their experience during the Great Depression and World War II while also reflecting on the 1970s. It first considers women's unemployment and unpaid work in the Great Depression, noting how the sex-typing of occupations created an inflexibility in the structure of the labor market that prevented the expulsion of women from it. It then evaluates the “reserve army” theory by analyzing how women's economic role in the family was affected by the economic crisis of the 1930s, suggesting that it was the work of women in the home, rather than their labor market participation, that was forced to “take up the slack” in the economy during this period of contraction. The chapter demonstrates that job segregation by gender persists even during major economic upheavals like depressions and world war. It also refutes the reserve army theory by showing that women were less likely to suffer unemployment than men during the Great Depression.

Surviving the Depression

2020 ◽  
pp. 71-92
Author(s):  
Joe William Trotter
Keyword(s):  
World War Ii ◽  
State Agencies ◽  
World War ◽  
Social Justice Movements ◽  
The Great Depression ◽  
Working People ◽  
National Boundaries ◽  
Justice Movements ◽  
Community Struggles ◽  
The Impact

Under the impact of the Great Depression, the New Deal, and World War II, the Urban League's social service agenda moved increasingly from preoccupation with industrial employers toward work with a variety of state agencies charged with helping ordinary working people make ends meet during a moment of extraordinary economic suffering. Pittsburgh's shifting band of urban reformers joined and sometimes spearheaded broad-based community struggles to desegregate the city's social, civic, educational, medical, and economic institutions. By the end of World War II, the organization had increased its impact on social policy and social justice movements across regional and even national boundaries.

Evolution of a Modern Energy Company

2002 ◽  
Author(s):  
Roberta S. Brown
Keyword(s):  
World War Ii ◽  
Energy Industry ◽  
Atlantic City ◽  
World War ◽  
Energy Company ◽  
The Great Depression ◽  
Technological Advances ◽  
Steam Cooling ◽  
The Impact ◽  
A Current

The mergers and acquisitions currently taking place in the energy industry are often thought to be new to our times but are actually part of an on-going process common in the energy industry since its inception. The paper traces the evolution of Conectiv, a current mid-Atlantic supplier of energy and energy delivery company, from its foundations over 100 years ago as Wilmington Coal Gas Company and Electric Light Company of Atlantic City through dozens of mergers, acquisitions and divestitures, with products as diverse as electricity, gas, ice, trolleys, trains, steam, cooling, appliances, telephone service, and even the Internet. The impact of technological advances, both within the power industry and in society, as well as major historical events such as the Great Depression or World War II, will be highlighted.

scholarly journals ANALYSIS OF THE FINANCIAL STATUS OF THE BANKING SECTOR OF UKRAINE

2020 ◽  
pp. 155-162
Author(s):  
D. Tsyhaniuk ◽  
A. Rudniak
Keyword(s):  
Financial Stability ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Banking System ◽  
Financial Condition ◽  
Systemic Risks ◽  
Significant Negative Impact ◽  
The Global Financial Crisis ◽  
The Impact

Considering the significant negative impact of financial crises on the banking sector in Ukraine, issues related to the assessment of the financial condition of banks are becoming particularly relevant. Analysis of the impact of the global financial crisis on the activities of Ukrainian banks in recent years has led to the conclusion that an effective, working mechanism for anti-crisis management has not yet been developed, focused on forecasting, overcoming, and limiting the spread of the crisis in the banking system. In this study, we analyzed the state of the banking system of Ukraine, the factors of crises that affected the financial condition of the banking sector of Ukraine in the context of 2009-2019; studied the main performance indicators of banks currently operating in Ukraine; analyzed the financial results of banking activities; Identified systemic risks that operate in the banking sector, as well as the largest risk factors for the financial sector. Calculated indicators of financial stability indicated the existence of systemic risks. According to the results of our study, the dynamics of the ratio of non-performing loans pointed out that the banking system of Ukraine, along with the unstable political and general economic situation, further increases systemic risks for the banking system and for the economy in the entirety; analysis of the Z-score indicator confirmed the presence of systemic risks and clearly demonstrated the duration and level of the crisis; an analysis of the dynamics and the political component of the country's incapacity index indicated that now Ukraine is in the most volatile situation in the last decade.

Youth Marches

2018 ◽  
pp. 168-205
Author(s):  
Mischa Honeck
Keyword(s):  
World War Ii ◽  
Youth Organizations ◽  
World War ◽  
Far Right ◽  
Young Males ◽  
The Great Depression ◽  
White Middle Class ◽  
The World ◽  
The Impact ◽  
The U.S

This gauges the impact of radical youth organizations on the BSA before and during World War II. As the Great Depression afflicted youths the world over, Scouters found their aspirations to repair the minds and bodies of America’s future citizens challenged by fascist and communist alternatives. In an effort to stave off groups affiliated with the Young Pioneers or the Hitler Youth, the BSA distanced itself from the buoyant internationalism of the 1920s and pictured the nation’s youth as disoriented, imperiled, and particularly susceptible to totalitarian propaganda. Casting the Scouts as the last best hope of boyhood in a world assailed by dictators reinforced the boundaries of Americanness and un-Americanness and obscured the closeness of the BSA’s scheme to mobilize boyhood for democracy with methods of regimenting youth on the far right and left. This narrative intensified with the U.S. entry into World War II when the BSA gave young males a share in defending the nation without transgressing the limits dictated by white middle-class ideals of childhood.

AN INTERVIEW WITH PAUL A. VOLCKER

2001 ◽  
Vol 5 (3) ◽  
pp. 434-460 ◽  
Author(s):  
PERRY MEHRLING
Keyword(s):  
New York ◽  
World War Ii ◽  
Great Depression ◽  
Public Service ◽  
Federal Reserve ◽  
World View ◽  
Banking System ◽  
World War ◽  
The Great Depression ◽  
Rebuilding Effort

Paul A. Volcker has spent most of his life in public service, at the Treasury under President Kennedy (1962–1965) and then as Undersecretary for Monetary Affairs under President Nixon (1969–1974), as President of the Federal Reserve Bank of New York (1975–1979), and finally as Chairman of the Board of Governors of the Federal Reserve System under both President Carter and President Reagan (1979–1987). Born in 1927, his world view was formed by childhood experience of the Great Depression and World War II, times of great national trial that led ultimately to recommitment and reconstruction. He went into public service in order to be a part of the rebuilding effort, but it was his fate instead to be involved mainly in managing pressures that would ultimately lead to the breakdown of the Bretton Woods system internationally and the Glass–Steagall banking system domestically. Consequently, there is some sadness today when he looks back on his career, but there is also a sense of accomplishment. In spite of everything, there was no depression and there was no world war. The possibility and hope for progress in years to come remains alive.The interview took place in Volcker's office at Rockefeller Center in New York City. His fourth-floor windows look out over the sunken plaza to the gold-leafed statue of Prometheus stealing fire from the gods, and then on farther to the elegant GE building, which is familiar to anyone who has visited New York. Over the front entrance it is just possible to see the inscription adapted from Isaiah 33:6, “Wisdom and Knowledge shall be the stability of thy times.” It strikes me as an appropriate inscription for the building, reminding one that this most beautiful complex was built in the years of the Great Depression. Today, with the forthcoming interview in mind, it reminds me also of the stakes involved in the conduct of monetary policy.

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