Framing Banking Union in the Euro Area: Some empirical evidence. CEPS Working Document No. 389, 3 February 2014

Evidence shows that financial integration in the euro area is retrenching at a quicker pace than outside the union. Home bias persists: Governments compete on funding costs by supporting ‘their’ banks with massive state aids, which distorts the playing field and feeds the risk-aversion loop. This situation intensifies friction in credit markets, thus hampering the transmission of monetary policies and, potentially, economic growth. This paper discusses the theoretical foundations of a banking union in a common currency area and the legal and economic aspects of EU responses. As a result, two remedies are proposed to deal with moral hazard in a common currency area: a common (unlimited) financial backstop to a privately funded recapitalisation/resolution fund and a blanket prohibition on state aids.

New viewpoints in American history,

Reprinted in part from various periodicals.

Transactions of the sixth International congress on tuberculosis. Washington, September 28 to October 5, 1908.

v. 1, pt. 1. Proceedings of Section I: Pathology and bacteriology. Proceedings of joint session of Sections I and II: Opsonic index. Conjunctival and cutaneous tuberculin reactions. Serum diagnosis.--v. 1, pt. 2 Proceedings of Section II: Clinical study and therapy of tuberculosis, sanatoria, hospitals, and dispensaries.--v. 2. Proceedings of Section III: Surgery and orthopedics. Proceedings of Section IV: Tuberculosis in infancy.--v. 3. Proceedings of Section V: Hygienic, social, industrial, and economic aspects of tuberculosis.--v. 4, pt. 1. Proceedings of Section VI: State and municipal control of tuberculosis.--v. 4, pt. 2. Proceedings of Section VII: Tuberculosis in animals and its relations to man.--v. 5. The opening and closing ceremonies. Report of the Secretary-General. Officers, committees, and members.--[v. 6] A series of public lectures Specially prepared for the sixth International congress on tuberculosis, by A. Calmette...Louis Landouzy...[and others] Ed. by the secretary-general, and printed as a supplement to the Transactions of the Congress.

Work and wage experience studies.

no. 1. St. Paul aircraft parts workers in wartime.--no. 2. 1. Labor U.S.-1914- 2. Wages-U.S. 3. World war, 1939-1945-Economic aspects-U.S. Mobile shipyard workers in war time.--no. 3. War and post-war experiences of skilled cotton textile workers in New England.--no. 4. Wartime shipbuilding workers of Wilmington, Delaware.--no. 5. Workers' experiences during the first phase of reconversion.--no. 6. Southern California aircraft workers in wartime.

Merchant ship automation study; final report. Contract number MA-2228, U.S. Department of Commerce, Maritime Administration, Washington.

v.1.Summary and recommendations.--v.2.Automatic ship control and communications systems.--v.3.Appendices to 262 R 0012.--v.3.Appendices to 262 R 0012.--v.4.automatic control of engineering functions.--v.5.Appendices to 262 R 0014.--v.6.Powerplants and auxiliaries for automated ships.--v.7.Economic aspects of automation.--v.8.Legal implications of automation.

Glückauf.

Organ of the Verein Deutscher Bergleute and other mining organizations.

Expert survey on priorities for the information society in the Caribbean

An on-line survey of experts was conducted to solicit their views on policy priorities in the area of information and communication technologies (ICT) in the Caribbean. The experts considered the goal to “promote teacher training in the use of ICTs in the classroom” to be the highest priority, followed by goals to “reduce the cost of broadband services” and “promote the use of ICT in emergency and disaster prevention, preparedness and response.” Goals in the areas of cybercrime, e-commerce, egovernment, universal service funds, consumer protection, and on-line privacy rounded out the top 10. Some of the lowest ranked goals were those related to coordinating the management of infrastructure changes. These included the switchover for digital terrestrial television (DTT) and digital FM radio, cloud computing for government ICT, the introduction of satellite-based internet services, and the installation of content distribution networks (CDNs). Initiatives aimed at using ICT to promote specific industries, or specific means of promoting the digital economy, tended toward the centre of the rankings. Thus, a general pattern emerged which elevated the importance of focusing on how ICT is integrated into the broader society, with economic issues a lower priority, and concerns about coordination on infrastructure issues lower still.

'You Never Truly Feel at Home': Students' Perceptions of their Multilingualism and its Role in their Identity Construction : - A Study Performed in a Suburb Located in a Socially Vulnerable Area

A relevant subject in our globalized world concerns the relationship between language and identity, specifically amongst migrant youngsters’ experience of group belonging. This study therefore focused on how adolescents born to foreign parents in Sweden, perceived their multilingualism as part of their identity formation. I also aimed to include how socio-economic aspects could affect the process of identity construction. Thus, the investigation was performed with seventh grade students at a primary school located in the Stockholm suburb Bredäng. The methods consisted of a questionnaire, which was completed by the entire class and a group interview where six students participated. The results revealed that students adapted their language use based on the context, but Swedish was used most habitually. The informants viewed their multilingualism as beneficial but yet fully aware of the linguistic ideologies functioning in society. By combining their minority and majority language, the students were left with different ethnic identities and had diverse interpretations of what it meant to be Swedish. Even though all of them perceived themselves to have multiple ethnic identities, this was not solely seen positively. The issue of belonging was raised and the students claimed to be outcasts everywhere. However, the results differed depending on whether the students were born in Sweden or not. Also, most of them struggled with the process of assumed and ascribed identities, since they perceived themselves to be Swedish but experienced that society valued them as immigrants. Lastly, the study revealed that there were connections between their multilingualism and social mobility as the relationship towards the motherland was highly prioritized even with low levels of economic capital. 

Efectos distributivos de las políticas públicas para la mitigación del cambio climático en América Latina: una aproximación con un meta-análisis

El principal objetivo de este estudio es analizar los efectos potenciales de diversas políticas climáticas sobre la distribución del ingreso en América Latina. Este análisis se realizó con base en un meta-análisis y su meta-regresión y el análisis de las encuestas de ingreso gasto de diversos países de América Latina. Los principales resultados obtenidos de este análisis muestran que en general existe una tendencia a identificar efectos regresivos derivados de la instrumentación de políticas públicas orientadas a la mitigación. Sin embargo, la revisión de la literatura y de las encuestas de ingreso gasto muestran que los resultados son heterogéneos por países y que dependen de factores tales como el instrumento aplicado, la inclusión de estrategias de reciclaje fiscal y del nivel de desarrollo.

Segregación socioeconómica escolar en Chile: elección de la escuela por los padres y un análisis contrafactual teórico

En este artículo se examina la hipótesis de que la política de elección escolar ha incrementado la segregación socioeconómica en Chile. Se utiliza una base de datos georreferenciada de estudiantes y escuelas del Gran Santiago, para comparar la segregación real con la que se produciría en un escenario hipotético en que los estudiantes asisten a la escuela más cercana a su lugar de residencia. Los resultados indican que la segregación escolar es mayor en el escenario real que en el contrafactual, lo que sugiere que la interacción entre las preferencias de las familias y las barreras de entrada establecidas por las escuelas (cobros obligatorios y procesos de admisión selectivos) tienden a incrementar la segregación escolar más allá del efecto de la segregación residencial subyacente en la ciudad.