Michaela Bank's Books

The Withdrawal of Correspondent Banking Relationships

A Case for Policy Action

By: Mrs.Michaela Erbenova,Ms.Yan Liu,Mr.Nadim Kyriakos-Saad,Aledjandro Lopez Mejia,Jose Giancarlo Gasha,Mr.Emmanuel Mathias,Mr.Mohamed Norat,Ms.Francisca Fernando,Ms.Yasmin Almeida

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The Withdrawal of Correspondent Banking Relationships

A Case for Policy Action

By: Mrs.Michaela Erbenova,Ms.Yan Liu,Mr.Nadim Kyriakos-Saad,Aledjandro Lopez Mejia,Jose Giancarlo Gasha,Mr.Emmanuel Mathias,Mr.Mohamed Norat,Ms.Francisca Fernando,Ms.Yasmin Almeida

This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country information. While the withdrawal of CBRs has reached a critical level in some affected countries, which can have a systemic impact if unaddressed, macroeconomic consequences have not been identified so far at a global level. The paper presents responses from the international community to address this phenomenon, and explains the role that the IMF has been playing in this global effort, especially with regards to supporting member countries in the context of surveillance and technical assistance, facilitating dialogue among stakeholders, and encouraging data gathering efforts. The paper concludes by suggesting policy responses by public and private sector stakeholders needed to further mitigate potential negative impacts that could undermine financial stability, inclusion, growth and development goals.

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International Monetary Fund

Published Date

ISBN 10

1498336531

ISBN 13

9781498336536

Creating a Safer Financial System

Will the Volcker, Vickers, and Liikanen Structural Measures Help?

By: José Vinãls,Ceyla Pazarbasioglu,Jay Surti,Aditya Narain,Mrs.Michaela Erbenova,Mr.Julian T. S. Chow

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Creating a Safer Financial System

Will the Volcker, Vickers, and Liikanen Structural Measures Help?

By: José Vinãls,Ceyla Pazarbasioglu,Jay Surti,Aditya Narain,Mrs.Michaela Erbenova,Mr.Julian T. S. Chow

The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and G-SIFI surcharges), these proposals have been developed unilaterally with material differences in scope, design and implementation schedules. This may exacerbate cross-border regulatory arbitrage and put a further burden on consolidated supervision and cross-border resolution. This paper provides an analysis of the potential implications of implementing different structural policy measures. It proposes a pragmatic and coordinated approach to development of these policies to reduce risk of regulatory arbitrage and minimize unintended consequences. In doing so, it also aims to identify a set of common policy measures that countries could adopt to re-scope bank business models and corporate structures.

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International Monetary Fund

Published Date

ISBN 10

1484340949

ISBN 13

9781484340943

From Extreme Events to Extreme Seasons: Financial Stability Risks of Climate Change in Mexico

By: Michaela Dolk,Mr. Dimitrios Laliotis,Sujan Lamichhane

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From Extreme Events to Extreme Seasons: Financial Stability Risks of Climate Change in Mexico

By: Michaela Dolk,Mr. Dimitrios Laliotis,Sujan Lamichhane

This paper explores the financial stability implications of acute physical climate change risks using a novel approach that focuses on a severe season associated with a sequence of tropical cyclone and flood events. Our approach was recently applied to study physical risks in the Mexican financial sector, but the framework is applicable to other countries as well. We show that even if the scale of individual climate events may not be material at an aggregate national scale, considering a sequence of events could lead to potentially significant macro-financial impacts in the short term. This could occur even if none of the individual events affect the particular region(s) with highest concentrations of banking sector exposures. Our results indicate potential for even greater effects in the future given the increasing severity and frequency of extreme events from climate change. Thus, this paper highlights the importance of considering sequences of extreme physical risk events driven by climate change, rather than just individual extreme events, to better understand financial stability implications and design effective policies.

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International Monetary Fund

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ISBN 13

9798400249679

Wealth, Power, and Authoritarian Institutions

Comparing Dominant Parties and Parliaments in Tanzania and Uganda

By: Michaela Collord

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Wealth, Power, and Authoritarian Institutions

Comparing Dominant Parties and Parliaments in Tanzania and Uganda

By: Michaela Collord

Through an analysis of the recent political history of Tanzania and Uganda, Wealth, Power, and Authoritarian Institutions offers a novel explanation of why authoritarian parties and legislatures vary in strength, and why this variation matters. Michaela Collord elaborates a view of authoritarian political institutions as both reflecting and magnifying elite power dynamics. While there are many sources of elite power, the book centres on material power. It outlines how diverse trajectories of state-led capitalist development engender differing patterns of wealth accumulation and elite contestation across regimes. These differences, in turn, influence institutional landscapes. Where accumulation is more closely controlled by state and party leaders, as was true in Tanzania until economic liberalization in the 1980s, rival factions remain subdued. Ruling parties can then consolidate relatively strong institutional structures, and parliament remains marginal. Conversely, where a class of private wealth accumulators expands, as occurred in Tanzania after the 1980s and in Uganda after the National Resistance Movement took power in 1986, rival factions can more easily form, simultaneously eroding party institutions and encouraging greater legislative strength. Collord uses this analysis to reassess the significance of a stronger legislature. She considers its influence on distributive politics, both regressive and progressive. She also considers its relation to democratization, particularly in a context of broader liberalizing reforms. The book ultimately encourages a closer examination of how would-be democratic institutions interact with an underlying power distribution, shaping in whose interests they operate. Oxford Studies in African Politics and International Relations is a series for scholars and students working on African politics and International Relations and related disciplines. Volumes concentrate on contemporary developments in African political science, political economy, and International Relations, such as electoral politics, democratization, decentralization, gender and political representation, the political impact of natural resources, the dynamics and consequences of conflict, comparative political thought, and the nature of the continent's engagement with the East and West. Comparative and mixed methods work is particularly encouraged. Case studies are welcomed but should demonstrate the broader theoretical and empirical implications of the study and its wider relevance to contemporary debates. The focus of the series is on sub-Saharan Africa, although proposals that explain how the region engages with North Africa and other parts of the world are of interest. General Editors Nic Cheeseman, Peace Medie, and Ricardo Soares de Oliveira.

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321

Publisher

Oxford University Press

Published Date

ISBN 10

0192667351

ISBN 13

9780192667359

English General Nouns

A Corpus Theoretical Approach

By: Michaela Mahlberg

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English General Nouns

A Corpus Theoretical Approach

By: Michaela Mahlberg

This book proposes an innovative approach to general nouns. General nouns are defined as high-frequency nouns that are characterized by their textual functions. Although the concept is motivated by Halliday & Hasan (1976), the corpus theoretical approach adopted in the present study is fundamentally different and set in a linguistic framework that prioritizes lexis. The study investigates 20 nouns that are very frequent in mainstream English, as represented by the Bank of English Corpus. The corpus-driven approach to the data involves a critical discussion of descriptive tools, such as patterns, semantic prosodies, and primings of lexical items, and the concept of? local textual functions? is put forward to characterize the functions of the nouns in texts. The study not only suggests a characterization of general nouns, but also stresses that functions of lexical items and properties of texts are closely linked. This link requires new ways of describing language.

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232

Publisher

John Benjamins Publishing

Published Date

ISBN 10

9027222916

ISBN 13

9789027222916

Founding a Movement

Women's World Banking, 1975-1990

By: Michaela Walsh

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Founding a Movement

Women's World Banking, 1975-1990

By: Michaela Walsh

The power of women teaching one another is profound. Women's World Banking was one of the first movements to realize and trust this truth at a global scale. This is what made it a transforming movement." -The Honorable Ellen Johnson Sirleaf, president of Liberia and Nobel Laureate Founding a Movement captures the impossible dream realized by a visionary group of women who met in Mexico City at the first United Nations World Conference on Women in 1975, and then, together, created the first global women's microfinance network. Drawing on more than 80 interviews, Michaela Walsh recounts her extraordinary path as the founding president of Women's World Banking and brings alive the perseverance, confidence, and shared risk-taking that propelled the movement forward. This book illuminates the birth of a culture of trust-from Kenya to Colombia to the Philippines-where women entrepreneurs could learn from and teach each other to gain control over their economic destinies. In Walsh's words, Founding a Movement "shines a light on the value that women contribute through work, and when they support one another, to become full participants in the economy through access to financial institutions and services, and everything that goes with that access." "At last, the full inside story of the founding mothers of microfinance... by one of its key leaders! Indispensable reading!" -Hazel Henderson, president of Ethical Markets Media and creator of the Green Transition Scoreboard "Women's access to finance, including microcredit, is crucial. Michaela Walsh and Women's World Banking have broken new ground. Those who wish to follow in their footsteps should read this story." -Jan Pronk, former Minister for International Development Cooperation of the Netherlands MICHAELA WALSH is an activist, scholar, mentor, educator, and author. She has been a pioneer female manager for Merrill Lynch, the first female partner at Boettcher, and the founding president of Women's World Banking. She has taught at Manhattanville College, served on the Boards of several institutions, and was chairperson of the 59th United Nations DPI/NGO Conference in 2006. She has received numerous awards, including an honor in 2012 from Women's Funding Network for changing the face of philanthropy.

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487

Publisher

Cosimo, Inc.

Published Date

ISBN 10

1616407174

ISBN 13

9781616407179

The Eastern enlargement of the currency union: Challenges for the ECB's monetary policy

By: Michaela Bruckner

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The Eastern enlargement of the currency union: Challenges for the ECB's monetary policy

By: Michaela Bruckner

Seminar paper from the year 2007 in the subject Business economics - Economic Policy, grade: 2,0, University of Hohenheim (Lehrstuhl für Außenwirtschaft), course: International Institutions, language: English, abstract: The eurozone member countries have agreed to permanently abandon economic policy instruments such as monetary and exchange rate policies and to accept the European Central Bank (ECB) as the decision making body to determine the common monetary policy, notably the interest rates and the money supply. It goes without saying that such an institution is not able to fine-tune its decisions in order to meet particular economic challenges in certain member countries. In this respect, the eastward enlargement of the European Monetary Union (EMU) will bring major challenges to the ECB, as varying inflation rates in different member countries and the determination of a single interest rate may have disruptive consequences. From the viewpoint of the eastward enlargement of the eurozone the paper illustrates the various challenges the ECB inevitably has to face. Further, it describes the reform of the ECB Governing Council. An important question concerning the ECB is the following: Is there a danger for the single European monetary policy from letting Central and Eastern European Countries (CEEC) join the eurozone or from letting them join the eurozone too early?

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GRIN Verlag

Published Date

ISBN 10

3638829502

ISBN 13

9783638829502

Aussiewood

Australia's leading actors and directors tell how they conquered Hollywood

By: Michaela Boland,Michael Bodey

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Aussiewood

Australia's leading actors and directors tell how they conquered Hollywood

By: Michaela Boland,Michael Bodey

Hollywood is in the throes of a white-hot love affair with Australian actors and filmmakers. This island nation, with a population of 20 million, has produced some of the biggest names in Hollywood and the trend shows no signs of letting up. In Aussiewood, top Australian show-biz journalists Michaela Boland and Michael Bodey take us behind the scenes to meet the stars. Nicole, Heath, Hugh and many others tell us about their backgrounds, their dreams and their fears. They describe the glamour and the business of Hollywood, how they've dealt with sudden fame and how they shot - or climbed - to the top. Some did it tough, some relatively easy; some pursued stardom with voracious ambition, for others Hollywood came knocking ... But what led to Hollywood's fascination with Australia? Is it about talent? Does it come down to economics? Or is Australia simply flavour of the month? Aussiewood goes beyond the personal stories to explore why so many have shot to stardom so quickly. It uncovers a wealth and diversity of talent, on both sides of the camera.

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318

Publisher

Allen & Unwin

Published Date

ISBN 10

174115443X

ISBN 13

9781741154436

The French Riviera

By: Michaela Lentz

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The French Riviera

By: Michaela Lentz

Pocket Guide French Riviera includes a chapter detailing the French Riviera's history and culture, 21 itineraries taking in sights ranging from the alleys and steps of the 13th-century Rue Obscure in Villefranche to the glamour and sophistication of Cannes, leisure-time suggestions, and a comprehensive information section packed with essential contact addresses and numbers. Plus many high quality photographs and maps, including a detailed pull-out map.

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100

Publisher

Insight Pocket Guides

Published Date

ISBN 10

9812580824

ISBN 13

9789812580825

A matter of time and space

The relevance of media globalization for different groups of society

By: Michaela Strobel

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A matter of time and space

The relevance of media globalization for different groups of society

By: Michaela Strobel

Seminar paper from the year 2012 in the subject Communications - Multimedia, Internet, New Technologies, grade: A, Stockholm University (JMK), course: Global Media Studies I, language: English, abstract: [...] Whether something is a myth or not, is hard to define as the perception of a myth – the evaluation if a certain situation is exaggerated or not (Hafez 2007: 1) – is always something very subjective and depending on the judge’s viewpoint. So it is not surprising that in his book Kai Hafez comes to the conclusion that media globalization is a myth. He links strict requirements1 to the state of globalization and seems to be analyzing mainly German media products under this perspective. He is also largely focusing on the receiving end of media content – the spectator (Hafez 2007: 14) – and emphasizing the role of the medium television within the globalization debate. Although the comparatively minor role the internet plays in this work could be due to the fact that this medium first started its unprecedented exponential grow around 20072. Nevertheless he is neither emphasizing qualitative data to confirm his assumptions of a non-globalized media audience, nor is he presenting a broad range of quantitative figures to support his conclusion of a lack of globalization in the structure of media industry, policy and distribution. Although Hafez is referring to globalization as a process (Hafez 2007: 23), his high expectations of system change (Hafez 2007: 2) are leading to the rather utopian idea of the final state of a entirely globalized world – a situation which he describes has already happened in other sectors, such as economy of industrial goods (Hafez 2007: 4). Especially when dealing with such an all-encompassing question as globalization, it is crucial to dare a glimpse out of the box, not letting one-self be deluded by the West-European media culture one was born into and the wishful thinking of an ideal state of globalism, where all media content is accepted equally among the world’s public (Hafez 2007: 12). In order to challenge such a human terminology like ‘myth’ I consider it appropriate to look at the phenomenon of globalization and media at eye level with the human part of media –its users3. By doing this, the following text will clearly reveal that Hafez’s ‘myth’ isn’t actually reality. [...]

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GRIN Verlag

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ISBN 10

3656303649

ISBN 13

9783656303640

New Novels for Young Readers In/of the 1980s - Narrative Strategies and Presentation of the Novel's World

By: Michaela Tomberger

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New Novels for Young Readers In/of the 1980s - Narrative Strategies and Presentation of the Novel's World

By: Michaela Tomberger

Diploma Thesis from the year 2001 in the subject American Studies - Literature, grade: Good, University of Vienna (Anglistics-American Studies), 135 entries in the bibliography, language: English, abstract: When during the 1980s short novels like Jay McInerney's 'Bright Lights, Big City' (1984), Bret Easton Ellis' 'Less Than Zero' (1985), Tama Janowitz' 'Slaves of New York' (1986) or Michael Chabon's 'The Mysteries of Pittsburgh' (1988) became talked-about bestsellers in short succession, conservative critics were shocked. Their rejection of these novels was mainly grounded in the discrepancy between the expectations of traditional literary criticism and the new forms of expression these young authors used. The referential matrices of their novels are loaded with signs and codes of their decade; images and fictions spread by mass media have become a fixed part in the world of those novels. Traditional critics considered such references trite and superficial. It cannot be ignored, however, that popular culture found its way into contemporary literature and critics will have to get accustomed to the fact that in contemporary literature the referential horizon, which once was formed by the Bible, classical antiquity and the great works of world literature, is increasingly provided by popular culture as disseminated by the mass media. The fact that these authors were all very young and that they were presented and celebrated like pop stars was, for many critics, proof that pop industry had finally taken over the literary market and that authors would no longer be measured by their achievements as writers but by their celebrity status determined by media-coverage. They felt the end of serious literature was near. On the other hand, there were reviewers, whose praise of those novels and their authors was just as undifferentiated as their denunciations by others. Fashionable terms, from "MTV novels" to "yuppie literature", were attached to the novels, and they were glori

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164

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GRIN Verlag

Published Date

ISBN 10

3638744868

ISBN 13

9783638744867

The Only Child in Hamelin Town

By: Michaela Morgan

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The Only Child in Hamelin Town

By: Michaela Morgan

Designed to fit the National Curriculum, the English 5-14 Guidelines in Scotland and the Northern Ireland Guidelines for English, this is part of the Longman Book Project. The project aims to enable teachers throughout the primary school to teach: language; fiction; and non-fiction. The project also offers practical guidance and in-built record keeping and assessment. It is carefully structured, enabling all teachers throughout the primary school to teach reading and language with success and understanding.

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