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Author | : Michael J. Butler |
Publisher | : Routledge |
Total Pages | : 220 |
Release | : 2019-07-23 |
Genre | : History |
ISBN | : 0429620128 |
Download Securitization Revisited Book in PDF, ePub and Kindle
This book seeks to interrogate how contemporary policy issues become ‘securitized’ and, furthermore, what the implications of this process are. A generation after the introduction of the concept of securitization to the security studies field, this book engages with how securitization and desecuritization ‘works’ within and across a wide range of security domains including terrorism and counter-terrorism, climate change, sexual and gender-based violence, inter-state and intra-state conflict, identity, and memory in various geographic and social contexts. Blending theory and application, the contributors to this volume – drawn from different disciplinary, ontological, and geographic ‘spaces’ – orient their investigations around three common analytical objectives: revealing deficiencies in and through application(s) of securitization; considering securitization through speech-acts and discourse as well as other mechanisms; and exposing latent orthodoxies embedded in securitization research. The volume demonstrates the dynamic and elastic quality of securitization and desecuritization as concepts that bear explanatory fruit when applied across a wide range of security issues, actors, and audiences. It also reveals the deficiencies in restricting securitization research to an overly narrow set of issues, actors, and mechanisms. This volume will be of great interest to scholars of critical security studies, international security, and International Relations. Chapter 6 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
Author | : Thierry Balzacq |
Publisher | : Routledge |
Total Pages | : 273 |
Release | : 2010-09-13 |
Genre | : History |
ISBN | : 1135246149 |
Download Understanding Securitisation Theory Book in PDF, ePub and Kindle
This volume aims to provide a new framework for the analysis of securitization processes, increasing our understanding of how security issues emerge, evolve and dissolve. Securitisation theory has become one of the key components of security studies and IR courses in recent years, and this book represents the first attempt to provide an integrated and rigorous overview of securitization practices within a coherent framework. To do so, it organizes securitization around three core assumptions which make the theory applicable to empirical studies: the centrality of audience, the co-dependency of agency and context and the structuring force of the dispositif. These assumptions are then investigated through discourse analysis, process-tracing, ethnographic research, and content analysis and discussed in relation to extensive case studies. This innovative new book will be of much interest to students of securitisation and critical security studies, as well as IR theory and sociology. Thierry Balzacq is holder of the Tocqueville Chair on Security Policies and Professor at the University of Namur. He is Research Director at the University of Louvain and Associate Researcher at the Centre for European Studies at Sciences Po Paris.
Author | : Mr.Jaromir Benes |
Publisher | : International Monetary Fund |
Total Pages | : 71 |
Release | : 2012-08-01 |
Genre | : Business & Economics |
ISBN | : 1475505523 |
Download The Chicago Plan Revisited Book in PDF, ePub and Kindle
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
Author | : Benjamin Lojak |
Publisher | : |
Total Pages | : |
Release | : 2020 |
Genre | : |
ISBN | : |
Download The Systemic Risk of Corporate Credit Securitization Revisited Book in PDF, ePub and Kindle
We develop a stock-flow-consistent macroeconomic model with an agent-based focus on corporate credit markets, including a securitization process. Against the background of increased corporate indebtedness, our interest is in quantifying contagion effects that endogenously arise from corporate defaults in a securitized credit portfolio. We calibrate the model to the U.S., where corporate credit securitization has been reintensified in recent years. Simulations deliver adverse medium- to long-term effects as soon as the share of securitized loans in total new loans economy-wide approaches 10%. Securitization activities above this threshold lead to significant welfare losses from the medium-term onwards. Two transmission channels are conceivable. A collapsing special purpose vehicle (SPV) either causes distortions in the banking sector or increases liquidity constraints that ultimately dampen households' consumption due to their financial investment in the securitized tranches. A more concentrated banking sector reinforces the adverse shock of a liquidation of the SPV. In contrast, a faster and better-equipped bank rescue mechanism in the form of levies within the banking sector helps to contain the consequences of a SPV collapse.
Author | : Thierry Balzacq |
Publisher | : Routledge |
Total Pages | : 598 |
Release | : 2010-09-13 |
Genre | : History |
ISBN | : 1135246130 |
Download Securitization Theory Book in PDF, ePub and Kindle
This volume aims to provide a new framework for the analysis of securitization processes, increasing our understanding of how security issues emerge, evolve and dissolve. Securitisation theory has become one of the key components of security studies and IR courses in recent years, and this book represents the first attempt to provide an integrated and rigorous overview of securitization practices within a coherent framework. To do so, it organizes securitization around three core assumptions which make the theory applicable to empirical studies: the centrality of audience, the co-dependency of agency and context and the structuring force of the dispositif. These assumptions are then investigated through discourse analysis, process-tracing, ethnographic research, and content analysis and discussed in relation to extensive case studies. This innovative new book will be of much interest to students of securitisation and critical security studies, as well as IR theory and sociology. Thierry Balzacq is holder of the Tocqueville Chair on Security Policies and Professor at the University of Namur. He is Research Director at the University of Louvain and Associate Researcher at the Centre for European Studies at Sciences Po Paris.
Author | : Vanessa Le Leslé |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2012-03-01 |
Genre | : Business & Economics |
ISBN | : 1475502656 |
Download Revisiting Risk-Weighted Assets Book in PDF, ePub and Kindle
In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the Basel III capital adequacy framework. We discuss the key drivers behind the differences in these calculations, drawing upon a sample of systemically important banks from Europe, North America, and Asia Pacific. We then discuss a range of policy options that could be explored to fix the actual and perceived problems with RWAs, and improve the use of risk-sensitive capital ratios.
Author | : David Marques-Ibanez |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2016-11-15 |
Genre | : Business & Economics |
ISBN | : 1475554001 |
Download Securitization and Credit Quality Book in PDF, ePub and Kindle
Banks are usually better informed on the loans they originate than other financial intermediaries. As a result, securitized loans might be of lower credit quality than otherwise similar nonsecuritized loans. We assess the effect of securitization activity on loans’ relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated loan market. We find that, at issuance, banks do not seem to select and securitize loans of lower credit quality. Following securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control group. We find tentative evidence suggesting that poorer performance by securitized loans might be linked to banks’ reduced monitoring incentives.
Author | : Ralf Emmers |
Publisher | : Routledge |
Total Pages | : 406 |
Release | : 2017-03-02 |
Genre | : Political Science |
ISBN | : 1351914359 |
Download Non-Traditional Security in Asia Book in PDF, ePub and Kindle
The security issues confronting Asia are both complex and diverse. Given the increasing trend towards an expanding security agenda beyond the military dimension of inter-state relations, this volume provides an extensive study of emerging non-traditional challenges to this region. New realities and new challenges have come to the fore including environmental degradation, illegal immigration, infectious diseases, transnational crime, poverty and underdevelopment. Drawing upon the concepts of securitization and de-securitization, this book brings together regional perspectives from across Asia to examine how these challenges are perceived and managed. It is a valuable contribution to both security and Asian studies and will be ideally suited to those interested in security studies, international relations and development studies.
Author | : |
Publisher | : BRILL |
Total Pages | : 482 |
Release | : 2019-03-27 |
Genre | : History |
ISBN | : 9004392424 |
Download The Representation of External Threats Book in PDF, ePub and Kindle
In The Representation of External Threats, Eberhard Crailsheim and María Dolores Elizalde present a collection of articles that trace the phenomenon of external threats over three continents and four oceans, offering new perspectives on their development, social construction, and representation.
Author | : Mely Caballero-Anthony |
Publisher | : SAGE |
Total Pages | : 297 |
Release | : 2015-11-30 |
Genre | : Political Science |
ISBN | : 1473966132 |
Download An Introduction to Non-Traditional Security Studies Book in PDF, ePub and Kindle
With the end of the Cold War, threats to national security have become increasingly non-military in nature. Issues such as climate change, resource scarcity, infectious diseases, natural disasters, irregular migration, drug trafficking, information security and transnational crime have come to the forefront. This book provides a comprehensive introduction to Non-Traditional Security concepts. It does so by: Covering contemporary security issues in depth Bringing together chapters written by experts in each area Guiding you towards additional material for your essays and exams through further reading lists Giving detailed explanations of key concepts Testing your understanding through end-of-chapter questions Edited by a leading figure in the field, this is an authoritative guide to the key concepts that you′ll encounter throughout your non-traditional, and environmental, security studies courses.