This book argues that we can find the resources to build a public perspective if we make two commitments: to respect people as autonomous agents and to endorse a shared ethics of beliefs.
This book analyses the connections between the banking industry in Europe and the companies it finances. Ferretti specifically studies how these bonds have evolved over time and questions whether now is the time for a change in the relationship’s dynamics. Chapters discuss the role of bank lending in firms’ financing during the recent financial crisis, as well as issues in credit risk management. The discussion also examines regulatory requirements impacting banks and firms (Basel III) and how they intersect with banks’ internal purposes. Moreover, the book explores how the financial crisis has impacted the relationship between banks and businesses, and seeks to identify the strengths and weaknesses inherent to it. Through this timely discussion, Ferretti looks to the future of the relationship between banks and non-financial organizations to see how they can be revitalised, adapted and reimagined in a post-crisis economy.
From the spread of kleptocracy in Venezuela at the expense of the country's economy, to President Trump's appointment of family members to high-ranking White House positions, to President Lukashenko's desperate stranglehold on power in Belarus, across the world political corruption is rampant--indeed practically too ubiquitous to keep track of. As these examples illustrate, political corruption is often associated to a variety of instances of abuse of power that either derive from a vicious trait of individual character, or develop within deeply dysfunctional institutions. To Emanuela Ceva and Maria Paola Ferretti, however, this piecemeal view is inadequate: individual and institutional instances of political corruption have a common root that we can understand only by treating corruption and anticorruption as a matter of a public ethics of office. Political corruption is the Trojan horse that undermines public institutions from within via an interrelated action of officeholders. Even well-designed and legitimate institutions can veer off track if the officeholders fail through their conduct to uphold a public ethics of office accountability. This book offers an analytically rigorous definition of political corruption. It also investigates the common normative root of its two manifestations--corrupt individual character, and corrupt institutional mechanisms--as a relationally wrongful practice that consists of an unaccountable use of the power of office by officeholders in public institutions. From this perspective, political corruption must be understood from within, for it is an internal enemy of public institutions that can only be opposed by mobilizing the officeholders to remain accountable and mutually answerable for their conduct. In this way, anticorruption calls on the officeholders' responsibility to work together to maintain an interactively just institutional system.
Vasilii Fedorovich Malinovskii (1765-1814) is a name which has hitherto lacked true resonance in the history of Russian culture. Tt is of course a name known to all students of Alexander Pushkin's biography, for Malinovskii was the first Director of the new Tsarskoe Selo Lyceum, if, sadly, for only the first three of the young poet's years at the school. For those scholars conversant with the intellectual and literary life of the "beautiful beginning" of the reign of Alexander I's reign Malinovskii has his little niche for his remarkable Rassuzhdenie 0 mire i voine (1803) and less for his Osennie vechera (1803), a little-known journal limited to a mere eight weekly issues and written entirely by the editor. As regards the of his 'eighteenth-century' Malinovskii, who lived the first thirty-five years life predominantly in the reign of the great Catherine, little information encumbers the memory of even specialists of the period. Indeed, his elder brother, Aleksei Fedorovich (1762-1840), is the more likely to be remembered for his literary and translating work as well for his later position as Head of the Moscow Archive of the Ministry of Foreign Affairs, which brought him into contact with Pushkin and, not unexpectedly, with Karamzin. Karamzin referred to him as "one of my few old and genuine friends", but one searches in vain for a similar accolade for VasiIii Fedorovich.
This book provides the foundational knowledge essential for comprehending the functioning of financial markets and institutions and their current challenges. First, the book provides a general overview on the functioning of the EU financial system, examining financial markets and financial intermediaries’ features and activity and their contribution to economic growth. It also outlines the evolution of the EU integration process, giving an overview of the most important regulatory steps related to the banking and financial system culminated in the creation of the Banking Union. Banking activity is also examined in the most important business areas: commercial versus investment banking. Lastly, the book introduces two important phenomena, which are currently characterizing the financial environment: FinTech and sustainable finance. Both FinTech and sustainable finance represent significant opportunities for the market and the operators, even if the challenges and risks associated are also relevant. This underlines the need to understand their intensity and their potential impact on the functioning of the financial system as a whole.
This book provides the foundational knowledge essential for comprehending the functioning of financial markets and institutions and their current challenges. First, the book provides a general overview on the functioning of the EU financial system, examining financial markets and financial intermediaries’ features and activity and their contribution to economic growth. It also outlines the evolution of the EU integration process, giving an overview of the most important regulatory steps related to the banking and financial system culminated in the creation of the Banking Union. Banking activity is also examined in the most important business areas: commercial versus investment banking. Lastly, the book introduces two important phenomena, which are currently characterizing the financial environment: FinTech and sustainable finance. Both FinTech and sustainable finance represent significant opportunities for the market and the operators, even if the challenges and risks associated are also relevant. This underlines the need to understand their intensity and their potential impact on the functioning of the financial system as a whole.
This book makes political corruption an object of public ethics by demonstrating how it is an internal enemy--a Trojan horse--of public institutions. To understand political corruption, Emanuela Ceva and Maria Paola Ferretti argue, we must adopt an internal point of view and look at how officeholders' interrelated conduct may fail the functioning of their institution because of their unaccountable use of their office's powers. Even well-designed institutions may bederailed if the officeholders fail to uphold by their conduct a public ethics of office accountability. Political corruption is one such failure, and it is wrong even when its negative consequences are unclear or debatable. To correct this failure, the book calls on officeholders to oppose politicalcorruption from the inside by engaging in practices of mutual answerability.
This book argues that we can find the resources to build a public perspective if we make two commitments: to respect people as autonomous agents and to endorse a shared ethics of beliefs.
This book focuses on several topical issues related to the operational risk management in bank: regulation, organisation and strategy. It analyses the connections between the different key-players involved in the operational risk process and the most relevant implications, both operational and strategic, arising from the implementation of the prudential framework.
This book analyses the connections between the banking industry in Europe and the companies it finances. Ferretti specifically studies how these bonds have evolved over time and questions whether now is the time for a change in the relationship’s dynamics. Chapters discuss the role of bank lending in firms’ financing during the recent financial crisis, as well as issues in credit risk management. The discussion also examines regulatory requirements impacting banks and firms (Basel III) and how they intersect with banks’ internal purposes. Moreover, the book explores how the financial crisis has impacted the relationship between banks and businesses, and seeks to identify the strengths and weaknesses inherent to it. Through this timely discussion, Ferretti looks to the future of the relationship between banks and non-financial organizations to see how they can be revitalised, adapted and reimagined in a post-crisis economy.
Hydrogen bond (H-bond) effects are known: it makes sea water liquid, joins cellulose microfibrils in trees, shapes DNA into genes and polypeptide chains into wool, hair, muscles or enzymes. Its true nature is less known and we may still wonder why O-H...O bond energies range from less than 1 to more than 30 kcal/mol without apparent reason. This H-bond puzzle is re-examined here from its very beginning and presented as an inclusive compilation of experimental H-bond energies and geometries. New concepts emerge from this analysis: new classes of systematically strong H-bonds (CAHBs and RAHBs: charge- and resonance-assisted H-bonds); full H-bond classification in six classes (the six chemical leitmotifs); and assessment of the covalent nature of strong H-bonds. This leads to three distinct but inter-consistent models able to rationalize the H-bond and predict its strength, based on classical VB theory, matching of donor-acceptor acid-base parameters (PA or pKa), or shape of the H-bond proton-transfer pathway. Applications survey a number of systems where strong H-bonds play an important functional role, namely drug-receptor binding, enzymatic catalysis, ion-transport through cell membranes, crystal design and molecular mechanisms of functional materials.
The maturity structure of debt can have financial and real consequences. Short-term debt exposes borrowers to rollover risk (where the terms of financing are renegotiated to the detriment of the borrower) and is associated with financial crises. Moreover, debt maturity can have an impact on the ability of firms to undertake long-term productive investments and, as a result, affect economic activity. The aim of this paper is to examine the evolution and determinants of debt maturity and to characterize differences across countries.
This book explores philosophical theories which in the Renaissance provided an interpretation of nature, of its laws and exceptions and, lastly, of man’s capacity to dominate the cosmos by way of natural magic or by magical ceremonies. It does not concentrate on the Hermetic and Neoplatonic philosophers (Ficino, Pico, Della Porta), or on the relationship between magic and the scientific revolution, but rather upon the interference of the ideas and practices of learned magicians with popular rites and also with witchcraft, a most important question for social and religious history. New definitions of magic put forward by certain unorthodox and “wandering scholastics” (Trithemius, Agrippa, Paracelsus, Bruno) will interest readers of Renaissance and Reformation texts and history.
The global wine industry is a continually modifying market impacted by financing, culture, and politics. Economics, Governance, and Politics in the Wine Market analyzes recent developments in European Agriculture policies on wine legislation and market trend orientation between political power and market structure.
Many of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation—and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi's growth, and it has become clear that the underpowered currency is threatening China's future. The nation's leaders now face the daunting task of strengthening the currency without losing control of the nation's economy or risking total collapse. How are they approaching this challenge? In The People's Money, Paola Subacchi introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Subacchi revisits the policies that fostered the country's economic rise while at the same time purposefully creating a currency of little use beyond China's borders. She shows the key to understanding China's economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China's ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the currency's reach will play a major role in securing China's future.
Futurist Women broadens current debates on Futurism and literary studies by demonstrating the expanding global impact of women Futurist artists and writers in the period succeeding the First World War. This study initially focuses on the local: the making of the self in the work by the women who were affiliated with the journal L'Italia futurista during World War I in Florence. But then it broadens its field of inquiry to the global. It compares the achievements of these women with those of key precursors and followers. It also conceives these women's work as an ongoing dialogue with contemporary political and scientific trends in Europe and North America, especially first wave feminism, eugenics, naturism and esotericism. Finally, it examines the vital importance and repercussions of these women's ideas in current debates on gender and the posthuman condition. This ground-breaking study will prove invaluable for all scholars and upper-level students of modern European literature, Futurism, and gender studies.
This book provides the first comprehensive overview of the structure, dynamics, sociology and interrelations that characterised the community of Italian anarchist exiles in London.
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