This paper studies the impact of intermediaries’ disappearance on firms’ access to sterling money market during first globalization era 1880-1914. We propose a new methodology assess substitutability in financial networks featuring higher-order structures (credit intermediation chains). represent network as hyperstructure and each credit chain hyperedge. approach allows us how failure intermedi...

P eople are facing an increasing variety and number of stressors. The nature of these stressors ranges from interpersonal and financial difficulties to environmental hazards and societal forces, affecting individuals, institutions, and communities. Extensive research has focused on the healthiest and most effective ways that people and communities respond to and recover from stress. Yet while t...

We examine the role of macroeconomic fluctuations, asset market liquidity, and network structure in determining contagion and aggregate losses in a stylised financial system. Systemic instability is explored in a financial network comprising three distinct, but interconnected, sets of agents — domestic banks, overseas banks, and firms. Calibrating the model to advanced country banking sector da...

ƒ The observed overall decline and increased heterogeneity in the risk indicators follow certain regulatory changes, such as the introduction of liquidity guidelines on funding in 1995 and the implementation of bankspecific leverage requirements in 2000. This suggests that regulatory changes have had significant and heterogeneous effects on the management of balance sheets by financial institut...

This paper investigates the question of whether the phenomenon of Islamic finance who based on Shariah, or Islamic law is truly globalizing and spreading as a universal system of finance and banking. The paper also addresses various aspects of the globalization for Islamic finance, among other, the issue of the rise of Islamic banking in the world, Islamic jurisprudence and finance, global stan...

objective: to compare resilience, positive/negative effect, and psychological vulnerability between fertile and infertile men. methods: the research sample consisted of 40 fertile and 40 infertile men who were selected among men who presented to an infertility clinic. to collect data, connor–davidson resilience scale, positive/negative affect schedule, and brief symptoms inventory were used. re...

Natural disasters are increasing in terms of numbers, intensity and related damages. Facing these extreme events, several financial instruments (public funds, catastrophe bonds, insurance policies) may help to hedge risk provided they supply emergency funding, compensation to the victimes and support to reconstruction [6]. They could be a critical asset aiming at reinforcing proactivity and res...