Risk Management Era in European Credit Institutions: Predictable Mutation in XXI Century
Abstract In the market economy, globalization, liberalization and diversification of financial markets, fierce competition between the credit institutions and many of the products and services offered by them are the main factors that have exposed the banking sector to new risks, while leading to multiple challenges. For these reasons it is becoming increasingly important both permanent innovation and risk management techniques tools as well as banking performance. Only a pertinent analysis and a very good knowledge of the new tendencies in banking financial risk management can provide credit institutions in Romania efficient options on their use of management, while obtaining a higher profitability and an adequate level of liquidity.
Challenges, Opportunities and Solutions in the European Banking System
In this article, the authors intend to underline the main aspects regarding the risk in European banking system. The economic downturn and financial crisis has negative impacted the European banking system, has affected all types banking products and services, all models of supervision and all evaluation methods known. Basel Committee on Banking Supervision in response to the credit crunch, has developed a series of stringent financial regulations „Basel III”. The global financial economic crisis has unveiled significant lows in the regulation and supervision of the international financial system.
The effect of family size on parents' labor supply and occupational prestige: Evidence from Taiwan and Mainland China
Abstract This paper studies the effect of family size on parents' labor supply and occupational prestige, using the censuses of both Taiwan and Mainland China. We rely on the exogenous increase in child quantity that results from having twins at the first birth. Our results indicate that an increase in family size has negative effects on the labor supply of mothers, but not of fathers, in both Taiwan and Mainland China. In addition, we find that in Taiwan fathers tend to switch to occupations with lower prestige scores in response to an increase in family size. However, the negative effect of family size on occupational prestige is not observed in Mainland China, where the occupational mobility is low.