This eighth volume in the series covers a variety of topics in financial planning and forecasting, including: the change in earnings response coefficient around dividend omissions; estimating spin-off values; and, forbearance, deposit insurance, and the market value of savings and loan associations.
Over the last three decades, a considerable amount of work has been conducted in the field of peace studies, conflict management, peace science in economics, sociology, anthropology and management. This volume presents up-to-date, cutting-edge research by respected scholars with an emphasis on
theoretical and mathematical constructs in the area of peace economics and peace science.
Kenneth D. Lawrence, John B. GuerardJr., Gary R. Reeves
£107.49
Book + eBook
This research annual presents state-of-the-art studies in the integration of mathematical planning and management. As the literature and techniques in financial planning and management become increasingly complex, our monographs aid in the dissemination of research efforts in quantitative financial
analysis. Topics include cash management, capital budgeting, financial decisions, portfolio management and performance analysis, and financial planning models.
Over the last three decades, a considerable amount of work has been conducted in the field of peace studies, conflict management, peace science in economics, sociology, anthropology and management. This volume presents up-to-date, cutting-edge research by respected scholars with an emphasis on
theoretical and mathematical constructs in the area of peace economics & peace science.
Gwen Moore, J.Allen Whitt, Pinar BaturVanderLippe, Joe Feagin
£127.49
Book + eBook
This series examines the interrelations of politics and society, bringing together articles from an international and interdisciplinary community of scholars. This title examines global perspectives on the political economy of race and ethnicity.
Over the last three decades, a considerable amount of work has been conducted in the field of peace studies, conflict management, peace science in economics, sociology, anthropology and management. This volume presents up-to-date, cutting-edge research by respected scholars with an emphasis on
theoretical and mathematical constructs in the area of peace economics & peace science.
This volume of "Political Power and Social Theory" deliberately grapples with some of the weightiest subjects in the contemporary social sciences: race and class and their impact on political and economic organization. Three historical papers on Cuba, Tanzania, and Mexico open the volume by
exploring the complex relations between race, class, ethnicity, and nationalism. Two subsequent papers, which draw on the contemporary case studies of Chile and South Africa, focus on the intersection of class, race, ethnic and generational identities in the contested appropriation of space and
territory.The volume concludes with a dynamic debate structured around the question 'Whither Class?' in which the eminent sociologist Alejandro Portes makes a deliberately provocative call to arms. Portes urges a rethinking of class and proposes a new type of class analysis in light of some of the
recent social, political, and economic changes of our times. He is rejoined by a distinguished interdisciplinary panel of scholars including Richard Sennett, Edna Bonacich, Richard Ratcliff, Zine Magubane and David Grusky, each of whom examine his position and offers their own view of the continuing
relevance of class-based theories. With their contributions, the volume circles back to complex questions of race and other multifaceted forms of identity that increasingly capture the imagination of social scientists in the modern world.
In December 1991, the U.S. Congress enacted and President George Bush signed the Federal Deposit Insurance Corporation Improvement Act (FDICIA). The Act was motivated by the severity of the U.S. banking and thrift crisis of the 1980s and represented the most important banking legislation since the
Banking (Glass-Steagall) Act, which was enacted in 1933 at the depth of the previous most severe banking crisis in U.S. history. Between 1980 and 1991, some 1,500 commercial and savings banks, representing 10 percent of the industry in 1980, failed and more than 1,000 savings and loan associations,
representing 25 percent of the industry, failed. In addition, delays in resolving the failures helped to increase the cost beyond the resources of the then Federal Savings and Loan Insurance Corporation (FSLIC) and required the taxpayers to pay some $150 billion To insured depositors at these
institutions. The large number and high cost of the failures were in large measure attributable to serious flaws in the extant government-sponsored deposit insurance program that encouraged insured institutions to assume excessive credit and interest rate risks and bank regulators to delay imposing
corrective sanctions on troubled institutions and resolving economically insolvent institutions. FDICIA attempted to correct these flaws by reforming the deposit insurance structure through requiring regulatory prompt corrective action (PCA) and least cost resolution (LCR).PCA mandated a series of
both discretionary and mandatory sanctions that the regulators first may and then must apply as an institutions' financial health progressively deteriorates as reflected in a number of capital-to-asset ratios. These sanctions are intended to encourage the institutions to reverse their deterioration
before it is too late. But if they fail to do so, PCA requires resolution of the institution before their book-value capital is fully depleted. This is intended to minimize any losses from failure. The designed PCA sanctions are modelled after the actual sanctions that the private market typically
imposes on troubled firms in uninsured industries and that are distorted in banking by the government-provided insurance. Thus, FDICIA attempts to supplement regulatory and supervisory discipline with stimulated market discipline. Since its introduction in the United States in 1991, PCA has been
explicitly or implicitly adopted in word if not spirit in many developed and developing countries with greatly different banking and regulatory structures. How well has it worked or could it work? The papers also consider reinforcing or alternative prudential techniques. Thus, they add to our
storehouse of knowledge on improving the performance of banking systems and should prove useful to researchers, practitioners, and policy-makers both in evaluating extant regulatory structures and in designing new or modified structures. All the papers were presented by the authors and commented on
by the discussants at invited sessions at the annual meeting of the Western Economic Association in Seattle, Washington in July 2002. Maia Pykina (Loyola University Chicago) provided assistance both in arranging the session programs and in preparing the papers for publications.