scholarly journals Toward a Criminological Understanding of Financialization

2021 ◽  
Vol 10 (3) ◽  
Author(s):  
Jordi González Guzmán
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Critical Criminology ◽  
Cultural Transformation ◽  
Finance Capital ◽  
The Social ◽  
Economic Transformations ◽  
Analytic Potential ◽  
Critical Perspectives

This article weaves together the ascendancy of financial markets and the field of critical criminology. It argues that critical perspectives such as crimes of the powerful and crimes of globalization may benefit from analyzing financialization as a key economic and cultural transformation in today’s capitalism. The analysis of financialization is made through the literature that addresses the economic transformations of capitalist accumulation, thus framing finance capital in the post-Fordist regime of production. By using this perspective, this article develops the argument that the cyclical speculative waves of finance are not a congenital pathology of capitalism but its very mode of governmentality. Overall, this article claims the analytic potential of financialization studies to deepen our understanding of the social and environmental harms produced by powerful corporations and financial institutions.

Families, Firms, and Finance Capital: The Development of U.K. Industrial Firms with Particular Reference to Their Ownership and Control

1991 ◽  
Vol 4 (2) ◽  
pp. 231-261 ◽  
Author(s):  
Arthur Francis
Keyword(s):  
Theoretical Model ◽  
Financial Institutions ◽  
Historical Context ◽  
Current Control ◽  
Large Firms ◽  
Industrial Firms ◽  
Professional Managers ◽  
Finance Capital ◽  
The Social ◽  
And Control

This paper reports findings from the Oxford Growth of Firms project on the ownership and control position of the largest 250 U.K. companies and, in more detail, that of a sample of 21 of these large firms. An analysis is made of the social and economic historical context in which most of today's large firms grew up. A theoretical model is developed of the stages of control through which firms are likely to pass. It is suggested that most firms are unlikely ever to become controlled by their own professional managers and that there is a trend toward firms being controlled by financial institutions. Evidence is then put forward, from an analysis of the current control position of the top 250 U.K. firms and from brief histories of the 21 sample large firms, which supports the previously outlined theory.

Banking on Failure

2020 ◽  
Author(s):  
Richard S Collier
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Current Position ◽  
Tax System ◽  
Number Of Factors ◽  
Tax Systems

This book seeks to explain why and how banks ‘game the system’. More specifically, its objective is to account for why banks are so often involved in cases of misconduct and why those cases often involve the exploitation of tax systems. To do this, a case study is presented in Part I of the book. This case study concerns a highly complex transaction (often referred to as ‘cum-ex’) designed to exploit a flaw at the intersection of the tax system and the financial markets settlements system. It was entered into by a very large number of banks and other financial institutions. A number of factors make the cum-ex transaction remarkable, including the sheer scale of the financial amounts involved, the large number of banks and financial institutions involved, the comprehensive failure of the controls infrastructure in this highly regulated sector, and the fact that authorities across Europe have found it so difficult to deal with the transaction. Part II of the book draws out the wider significance of cum-ex and what it tells us about modern banks and their interactions with tax systems. The account demonstrates why the exploitation of tax systems by banks is practically inevitable due to a variety of systemic features of the financial markets and of tax systems themselves. A number of possible responses to the current position are suggested in the final chapter.

Landscape and Ecology

2020 ◽  
pp. 342-368
Author(s):  
Daniel M. Grimley
Keyword(s):  
Nineteenth Century ◽  
Economic Development ◽  
Cultural Transformation ◽  
Colonial Era ◽  
Musical Thought ◽  
The Social ◽  
Representational Practice ◽  
Raymond Williams ◽  
The City ◽  
Privileged Site

Images of landscape lie at the heart of nineteenth-century musical thought. From frozen winter fields, mountain echoes, distant horn calls, and the sound of the wind moving among the pines, landscape was a vivid representational practice, a creative resource, and a privileged site for immersion, gothic horror, and the Romantic sublime. As Raymond Williams observed, however, the nineteenth century also witnessed an unforeseen transformation of artistic responses to landscape, which paralleled the social and cultural transformation of the country and the city under processes of intense industrialization and economic development. This chapter attends to several musical landscapes, from the Beethovenian “Pastoral” to Delius’s colonial-era evocation of an exoticized American idyll, as a means of mapping nineteenth-century music’s obsession with the idea of landscape and place. Distance recurs repeatedly as a form of subjective presence and through paradoxical connections with proximity and intimacy.

scholarly journals Sustainability Evaluation on the Grain to Green Program in the Hexi Corridor of China: A Metacoupled System Perspective

2021 ◽  
Vol 13 (3) ◽  
pp. 1498
Author(s):  
Jian Zhang ◽  
Tao Tian ◽  
Jinying Cui ◽  
Gordon M. Hickey ◽  
Rui Zhou ◽  
...  
Keyword(s):  
Hexi Corridor ◽  
Gansu Province ◽  
Natural System ◽  
Ecological Benefits ◽  
System Perspective ◽  
The Social ◽  
Economic Transformations ◽  
Labor Transfer ◽  
Ancient Silk Road ◽  
First Time

Most previous studies aim to predict ecosystem sustainability from the perspective of a sole human or natural system and have frequently failed to achieve their desired outcome. Based on the coupled human and natural system (CHANS) and its interaction with other systems, we attempted to analyze the effectiveness of the Grain to Green Program and predict future trends in the Hexi Corridor, the hub of the ancient silk road of China. At different scales, we applied a metacoupling framework to investigate the flows, effects, and causes of the complex CHANS. Three typical inner river watersheds within the corridor at three different geographic scales (local, regional and national) were estimated and compared. The Telecoupling Geo App, additional models, and software tools were employed to evaluate the CHANS series of the focal system (Hexi Corridor, local), adjacent system (Gansu Province, regional), and distant system (China, national). The results showed that most flows can be screened and quantitatively analyzed across focal, adjacent and distant systems. The social and economic transformations in adjacent and distant systems could affect the possibility and whereabouts of labor transfer in the focal system. Moreover, the labor migration increased the implementation efficiency of the Grain to Green Program as a Payment for Ecosystem Services (PES) strategy, thereby improving its ecological benefits. For the first time, we established a metacoupled model to quantitatively evaluate aspects of ecosystem sustainability in China, providing insight to the theory and application of sustainability science.

COVID -19 and Indian Financial Markets: A Review

2020 ◽  
Vol 16 (02) ◽  
pp. 1-8
Author(s):  
Kamaldeep Kaur Sarna
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Financial Services ◽  
Stock Markets ◽  
Global Economy ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Management Strategies ◽  
The Impact

COVID-19 is aptly stated as a Black Swan event that has stifled the global economy. As coronavirus wreaked havoc, Gross Domestic Product (GDP) contracted globally, unemployment rate soared high, and economic recovery still seems a far-fetched dream. Most importantly, the pandemic has set up turbulence in the global financial markets and resulted in heightened risk elements (market risk, credit risk, bank runs etc.) across the globe. Such uncertainty and volatility has not been witnessed since the Global Financial Crisis of 2008. The spread of COVID-19 has largely eroded investors’ confidence as the stock markets neared lifetimes lows, bad loans spiked and investment values degraded. Due to this, many turned their backs on the risk-reward trade off and carted their money towards traditionally safer investments like gold. While the banking sector remains particularly vulnerable, central banks have provided extensive loan moratoriums and interest waivers. Overall, COVID-19 resulted in a short term negative impact on the financial markets in India, though it is making a way towards V-shaped recovery. In this context, the present paper attempts to identify and evaluate the impact of the pandemic on the financial markets in India. Relying on rich literature and live illustrations, the influence of COVID-19 is studied on the stock markets, banking and financial institutions, private equities, and debt funds. The paper covers several recommendations so as to bring stability in the financial markets. The suggestions include, but are not limited to, methods to regularly monitor results, establishing a robust mechanism for risk management, strategies to reduce Non-Performing Assets, continuous assessment of stress and crisis readiness of the financial institutions etc. The paper also emphasizes on enhancing the role of technology (Artificial Intelligence and Virtual/Augmented Reality) in the financial services sector to optimize the outcomes and set the path towards recovery.

Loan collaterals and collateral substitutes in rural finance: a review

2015 ◽  
Vol 11 (2) ◽  
pp. 36-56
Author(s):  
MG Maiangwa
Keyword(s):  
Moral Hazard ◽  
Financial Markets ◽  
Financial Institutions ◽  
Farm Households ◽  
Rural Finance ◽  
Traditional Methods ◽  
Limited Availability ◽  
Rural Financial Markets

Poor farm households and other microentrepreneurs have difficulties in obtaining loans from banks and other financial institutions because they are unable to provide securities or collaterals for the loans. Collaterals on loans reduce uncertainty and moral hazard problems for creditors. They also serve as a measure of the seriousness of the borrower. The limited availability of conventional collaterals in rural financial markets has led to the acceptance of non-traditional methods of loan security referred to as collateral substitutes. This paper reviews loan collaterals and collateral substitutes in the rural financial markets of developing countries.Keywords:: Collaterals, collateral substitutes, rural finance.

Le seconde generazioni: nodi critici e nuove forme di integrazione

2009 ◽  
pp. 25-46
Author(s):  
Elena Caneva ◽  
Maurizio Ambrosini
Keyword(s):  
Immigrant Families ◽  
Cultural Transformation ◽  
Religious Organizations ◽  
Ethnic Communities ◽  
Ethnic Networks ◽  
The Social ◽  
Italian Context ◽  
Human And Social Capital ◽  
Analytical Approaches

- The number of immigrant children in Italy has been increasing more and more. They are impacting both on immigration as a phenomenon and on receiving societies. Thus, it becomes important and useful to understand which factors matter in second generation's paths and potential trajectories. Through a presentation of different analytical approaches on the phenomenon of migration, the paper explores the role of the family, the ethnic community and friends, as well as of religion and religious organizations in the promotion or prevention of positive forms of inclusion. With a specific focus on the Italian context, it explains the social and cultural transformation that characterises immigrant families, stressing the role that can be played by the human and social capital embedded in ethnic networks. The main aim of this paper is to go beyond the assimilation approaches and to highlight how immigrant families, ethnic networks and religious organizations could promote integration and the upward mobility of future generations. Keywords: Immigration, Second Generation, Ethnic Communities, Integration, Social Cohesion.

The Diaspora of the Novel

1992 ◽  
Vol 2 (1) ◽  
pp. 131-146
Author(s):  
Artemis Leontis
Keyword(s):  
Uneven Development ◽  
Literary Genre ◽  
The Novel ◽  
History Of The Novel ◽  
The West ◽  
The Past ◽  
The Social ◽  
Economic Transformations ◽  
History Of ◽  
New Type

Reflection on the history of the novel usually begins with consideration of the social, political, and economic transformations within society that favored the “rise” of a new type of narrative. This remains true even with the numerous and important studies appearing during the past ten years, which relate the novel to an everbroadening spectrum of ideological issues—gender, class, race, and, most recently, nationalism. Yet a history of the genre might reflect not just on the novel’s national, but also its transnational, trajectory, its spread across the globe, away from its original points of emergence. Such a history would take into account the expansion of western markets—the growing exportation of goods and ideas, as well as of social, political, and cultural forms from the West—that promoted the novel’s importation by nonwestern societies. Furthermore, it could lead one to examine the very interesting inverse relationship between two kinds of migration, both of which are tied to the First World’s uneven “development” of the Third. In a world system that draws out natural resources in exchange for technologically mediated goods, the emigration of laborers and intellectuals from peripheral societies to the centers of power of the West and the immigration of a western literary genre into these same societies must be viewed as related phenomena.

Sign in / Sign up

Export Citation Format

Share Document