Actual stage of development for basel ii and effects on romanian financial system soundness
This article draws attention to the actual stage of Basel II implementation in Romania and its effects on financial system stability. An overview of the Basel I and II Accords and their possible future outcomes are debated. Some significant features of the law that approves Basel II framework in Romania are taken into discussion.
Credit Risk Measurement Under Basel Ii: An Overview and Implementation Issues for Developing Countries
The objective of this paper is to provide an overview of the changes in the calculation of minimum regulatory capital requirements for credit risk that have been drafted by the Basel Committee on Banking Supervision (Basel II). Even though the revised credit capital rules represent a dramatic change compared to Basel I, it is shown that Basel II merely seeks to codify (albeit incompletely) existing good practices in bank risk measurement. However, its effective implementation in many developing countries is hindered by fundamental weaknesses in financial infrastructure that will need to be addressed as a priority.
Warm Hands in Cold Age – On the Need of a New World Order of Care
The world is aging as fertility and mortality are both decreasing. This article focuses on practical care work for the elderly. Such work is done primarily by women even though a larger portion than previously is paid rather than unpaid. All over the world, most elderly care work is organized within the family, most often unpaid. Men receive more care from partners than women, while women receive more care from female relatives. When care work is paid, the payment is generally low. A comparison between Germany, Spain, and Sweden demonstrates similar gender patterns, even though the role of the state in supporting care differs considerably as do care workers' conditions. The sustainability of today's distribution and organization of care work is questioned as the need for care increases, and the possibility of more equal sharing of care work between women and men is explored.