OBJECTIVES Research on resilience has been gaining momentum, and it has already been shown that increased resilience creates positive changes at the individual and collective levels. Understanding of the factors associated with resilience may guide specific actions directed towards different populations. The objective of this study was to investigate these associated factors within a population...

In this paper we investigate the influence of banking and financial diversity on stability. We compute an index for Italian provinces and, drawing from network theory, propose a measure development overall provincial sector. Our results show that in markets promotes greater Such beneficial effects are particularly evident during periods distress. ascribe our findings to better diversification a...

BACKGROUND Working for the UK National Health Service (NHS) requires working for organisations under financial pressures and frequent restructures, which can lead to anxiety over continuing employment and income. There are currently no studies to date that have examined the influence of personal resilience across all professions and demographics in the NHS. This study aims to quantify resilienc...

BanK oF canaDa FinanciaL SYStem reVieW JUne 2011 Broad access to central clearing will be necessary to fully realize the expected benefits of systemic-risk reduction from the increased use of ccPs . the evolving configuration of access to ccPs may, however, have unintended consequences for the structure of the global otc derivatives market . as the use of ccPs is mandated or strongly encouraged...

The ratio of total household debt to aggregate personal income in the United States has risen from an average of 0.6 in the 1980s to an average of 1.0 so far this decade. In this paper we explore the causes and consequences of this dramatic increase. Demographic shifts, house price increases and fi nancial innovation all appear to have contributed to the rise. Households have become more expose...

We examine the differential response of establishments to the recent global financial crisis with particular emphasis on the role of foreign ownership. Using a worldwide establishment panel dataset, we investigate how multinational subsidiaries around the world responded to the crisis relative to local establishments. We find that, first, multinational subsidiaries fared on average better than ...

In recognition of the severe consequences of the recent international financial crisis, the topic of macroprudential policy has elicited considerable research effort. The data set reports, for 46 economies around the globe, an index of the capacity to deploy macroprudential policies. The index aims to represent the essence of what constitutes a macroprudential regime is developed and used in ht...

There is great interest in the topic of resilient cyber systems. However, much of the accompanying research is clouded by a lack of an appropriate definition of the term “resilience” and the challenges of measuring the actual resilience of a system. In this paper, we examine some of the lessons learned in defining resilience metrics and argue that such metrics are highly contextual, and that a ...