Search results

1 – 10 of over 13000
To view the access options for this content please click here
Book part
Publication date: 13 November 2006

Cynthia M. Jackson, James J. Maroney and Timothy J. Rupert

Increased life expectancies and decreased birthrates have placed enormous financial pressure on the Social Security system. Because significant reforms are needed to…

Abstract

Increased life expectancies and decreased birthrates have placed enormous financial pressure on the Social Security system. Because significant reforms are needed to ensure its financial solvency, our study examines the acceptability of proposals to reform the system. Given the potentially divergent views suggested by prior research, we selected participants from the following four groups (1) younger black taxpayers, (2) younger white taxpayers, (3) older black taxpayers, and (4) older white taxpayers. While there was agreement among the groups on several of the proposals, in general, the differences between the generations were more pronounced than the differences between the racial groups.

Details

Advances in Taxation
Type: Book
ISBN: 978-1-84950-464-5

Abstract

Details

International Journal of Sociology and Social Policy, vol. 12 no. 4/5/6/7
Type: Research Article
ISSN: 0144-333X

To view the access options for this content please click here
Article
Publication date: 1 January 1983

R.G.B. Fyffe

This book is a policy proposal aimed at the democratic left. It is concerned with gradual but radical reform of the socio‐economic system. An integrated policy of…

Abstract

This book is a policy proposal aimed at the democratic left. It is concerned with gradual but radical reform of the socio‐economic system. An integrated policy of industrial and economic democracy, which centres around the establishment of a new sector of employee‐controlled enterprises, is presented. The proposal would retain the mix‐ed economy, but transform it into a much better “mixture”, with increased employee‐power in all sectors. While there is much of enduring value in our liberal western way of life, gross inequalities of wealth and power persist in our society.

Details

International Journal of Sociology and Social Policy, vol. 3 no. 1/2
Type: Research Article
ISSN: 0144-333X

Keywords

To view the access options for this content please click here
Article
Publication date: 20 February 2009

Paul B. McGuinness

The purpose of this paper is to provide an updated and critical assessment of the share reforms relevant to Chinese A‐share issuers listed in the two mainland markets of…

Abstract

Purpose

The purpose of this paper is to provide an updated and critical assessment of the share reforms relevant to Chinese A‐share issuers listed in the two mainland markets of Shanghai and Shenzhen. The reform programme first began in 2005 and has now spread widely across issuers in the two markets. It is therefore timely to assess how effective the reforms have been as well as gauging the ongoing effects of the transformation (of non‐tradable scrip into tradable form) on A‐share prices.

Design/methodology/approach

The “Split Share Structure” reform programme represents a major policy initiative in China and potentially opens‐the‐door to large‐scale state‐share disposals. The evidence to date however suggests that the Chinese authorities are primarily concerned with the reconfiguration of the array of share types that presently exist into a more comprehendible, streamlined form. The various checks and balances imposed on controlling shareholders engaged in the transformation of their shares from non‐tradable to tradable form suggest that eventual re‐designation of the holdings into an unfettered tradable type will not necessarily translate to the state's acquiescence in the disposal of such shares. On the contrary, state holdings in the most strategic of assets are likely to be retained more or less intact. Insights are developed by focusing on examples involving major A‐share issuers. In particular, a case study of the Sinopec reform proposal of August/September 2006 is set out to help illuminate the principal features of the reform package. Critical examination of the empirical literature relating to the A‐share price effects of the share reform programme also features.

Findings

There is little evidence to date of significant stock disposals amongst the largest and most strategic of China's issuers. However, for a number of A‐listed issuers, parts of the lock‐up moratoria have already expired or are set to do so in the very near future. Given the precipitous fall in A‐share prices (in Shanghai and Shenzhen) since late 2007, largely wrought by the enveloping global credit‐crunch, the Chinese authorities have an even more compelling case than hitherto to assiduously dampen fears of large‐scale state‐share disposals. Notwithstanding this, at least a small part of the drop in A‐share values during 2008 derives from the building risk‐premium on this issue.

Research limitations/implications

As the trading moratoria on re‐designated shares still applies in most cases, at least in respect of the majority of domestic stock holdings, a clearer picture will not emerge until 2009‐2011 when all such moratoria would have lapsed.

Originality/value

The discussions in this paper help to bring into focus a highly topical issue within the context of the Chinese equity market.

Details

Journal of Financial Regulation and Compliance, vol. 17 no. 1
Type: Research Article
ISSN: 1358-1988

Keywords

To view the access options for this content please click here
Article
Publication date: 1 January 1988

Helmut W. Jenkis and John C. O'Brien

The Eastern and Western worlds are diametrically opposed to each other not only politically and militarily but also economically and socially. In the socialist lands the…

Abstract

The Eastern and Western worlds are diametrically opposed to each other not only politically and militarily but also economically and socially. In the socialist lands the communist one‐party system is dominant; in the West it is political pluralism, in Comecon the planned economy prevails, and in the Common Market and the USA it is the market economy, of course, although not in the form it took in the nineteenth century. From a social point of view the Eastern bloc guarantees full employment at a lower standard of living, in the market economy the higher standard of living is accompanied by structural, cyclical unemployment. Each system claims to be superior to the other.

Details

International Journal of Social Economics, vol. 15 no. 1
Type: Research Article
ISSN: 0306-8293

To view the access options for this content please click here
Article
Publication date: 22 February 2011

Clare Chambers

The purpose of this paper is to examine the political influence on the reforms proffered for the banking sector.

Abstract

Purpose

The purpose of this paper is to examine the political influence on the reforms proffered for the banking sector.

Design/methodology/approach

The paper is divided into three main parts. First, the paper will examine the background of the financial crisis. The second and main part of the paper is the examination and critique of the White Paper reform proposals. The paper concludes by critically examining the opposition party's reform paper and contrasts the proposals.

Findings

The paper concludes that although the bank regulation needs to be reformed, it is debateable whether it is the time or the place or indeed the party that is right to achieve a successful result at the present time.

Research limitations/implications

The implications for the research is that during the next year banking reforms will undergo further changes, therefore, there will be a requirement to revisit and revise the findings in light of the political agenda of the new government.

Originality/value

This paper offers an original insight into the political influences on banking regulation within the UK.

Details

Journal of Financial Regulation and Compliance, vol. 19 no. 1
Type: Research Article
ISSN: 1358-1988

Keywords

To view the access options for this content please click here
Book part
Publication date: 19 February 2020

Christina Laskaridis

After the end of the Napoleonic War, few issues of public policy dominated discussions in England as fervently as the issue of currency and the national debt. A time of…

Abstract

After the end of the Napoleonic War, few issues of public policy dominated discussions in England as fervently as the issue of currency and the national debt. A time of civil unrest and social radicalisation, the circulation of ideas and pamphlets was prolific. The difficulties of post-war reconstruction sparked a long debate on issues of monetary reform and repayment of the national debt. The growth of national debt increased the size of the financial market and had important consequences for a changing class dynamic in domestic political affairs. The distributional aspects of the conflict were present, as was the satirical mockery of mishandling of public affairs. In much of the subsequent scholarship the organisation of taxation and expenditure, and the financial system and the issue of currency have been analysed as separate. This chapter brings them together. In particular, it focuses on Ricardo’s monetary thought and his views on public finance and contextualises them in light of his contemporaries.

Details

Research in the History of Economic Thought and Methodology: Including a Symposium on Public Finance in the History of Economic Thought
Type: Book
ISBN: 978-1-83867-699-5

Keywords

To view the access options for this content please click here
Book part
Publication date: 8 November 2010

Pierre-Richard Agénor and Luiz A. Pereira da Silva

Purpose – To discuss, from the perspective of developing countries, recent proposals for reforming international standards for bank capital requirements.…

Abstract

Purpose – To discuss, from the perspective of developing countries, recent proposals for reforming international standards for bank capital requirements.

Methodology/approach – After evaluating, from the viewpoint of developing countries, the effectiveness of capital requirements reforms and progress in implementing existing regulatory accords, the chapter discusses the procyclical effects of Basel regimes, and suggests a reform proposal.

Findings – Minimum bank capital requirements proposals in developing countries should be complemented by the adoption of an incremental, size-based leverage ratio.

Originality/value of chapter – This chapter contributes to enlarge the academic and policy debate related to bank capital regulation, with a particular focus on the situation of developing countries.

Details

International Banking in the New Era: Post-Crisis Challenges and Opportunities
Type: Book
ISBN: 978-1-84950-913-8

To view the access options for this content please click here

Abstract

Details

Designing the New European Union
Type: Book
ISBN: 978-1-84950-863-6

Abstract

Details

International Perspectives on Democratization and Peace
Type: Book
ISBN: 978-1-80043-068-6

1 – 10 of over 13000