Bulletin / U.S. Department of Agriculture, Office of Experiment Stations.

125-130

The changing landscape of financial markets in Europe, the United States and Japan. Bruegel Working Paper 2013/02, 18 March 2013

We compare the structure of the financial sectors of the EU27, Japan and the United States, looking at a set of 23 indicators. We find a large variation within the European Union in the structure of the financial sector. Using principal components analysis, we identify robust groups of EU countries. One group consists of the eastern European members that entered the EU more recently.These have substantially smaller financial sectors than the old member states. A second group can be classified as market-based (MBEU) and the third group is more bank-based (BBEU). We compare US, MBEU, BBEU, Eastern EU and Japan with the following main results. First, the groups within Europe are geographically related. Second, in many indicators, MBEU countries are closer to the (market-based) US, while BBEU countries more closely resemble Japan. Paradoxically, however, market-based EU countries also have large banking sectors. Banks in market-based countries have larger cross-border assets and liabilities, and derive a larger fraction of their income from fees, rather than interest income, than banks in bank-based countries. Finally, for most indicators, the ordering of groups of countries is quite stable over time, but while the crisis has had no impact on the relative ordering of the groups, it has slightly widened the gap between the US and all EU regions insome respects. We also find that during the crisis, substitution between market-based and bank-based sources of finance occurred in the US, and to a lesser extent in MBEU and BBEU countries.

Bosniacki chaos. Zrodla kryzysu politycznego we wspolczesnej Bosni i Hercegowinie. Prace OSW 31/2009. = Bosnia's chaos. Causes of the political crisis in Bosnia and Herzegovina today. OSW Study 31/2009

A new form of 'transformational crisis' has been observed in Bosnia and Herzegovina since at least 2005. Politicians representing the three major ethno-political communities (Bosnians, Croats and Serbs) have successively been raising disputes and have employed various political tools to preserve the conflicts instead of resolving them. As a result, the central state institutions and organisations have been weakened and attempts to replace them with narrower ethnic structures have been made. This is increasingly paralysing the state, thus impeding its everyday operation and preventing its structures and legislation from being modernised; had this been achieved, it would have resulted in a real acceleration of the process of Bosnia's integration with the EU and NATO. The present crisis is also an effect of the disagreement between the key international players - the European Union, the United States and Russia - over the 'plan for Bosnia' and the role and duties of the Office of the High Representative, who acts on behalf of the international community in the country.

An Agricultural continuum : a descriptive study of the farmworker population and the settling-out process : based on information collected under Contract no. HEW-OS-72-217.

"Jointly funded by the Department of Health, Education & Welfare and the Office of Economic Opportunity."

[Persons of Hispanic origin in the United States, 1990 /

"These tables present 1990 census estimates of 28 Hispanic origin groups, based on sample tabulations, for the United States and each state"--Letter of transmittal.

U.S. arms control and disarmament agency 1984 annual report : message from the president of the United States transmitting the 24th annual...

At head of title: 99th Congress, 1st session. Joint committee print.

Handbook of definitions of materials and end products used in "M" and "L" orders issued by the War production board through March 1, 1943.

Reproduced from typewritten copy.

Sale of Carson City silver dollars by the General Services Administration : hearing before the Subcommittee on Consumer Affairs of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-sixth Congress, second session, August 19, 1980.

Mode of access: Internet.

Verification of the time-response method for heat load calculation.

"Office of the Assistant Secretary for Policy Development and Research, Dept. of Housing and Urban Development."

A report on public and community health personnel : prepared for the Committee on Interstate and Foreign Commerce, House of Representatives and the Committee on Labor and Human Resources, United States Senate, as required by section 793 of the Public health service act

"December 7, 1979."

An investigation of the effectiveness of existing bridge design methodology in providing adequate structural resistance to seismic disturbances : Phase III, Nonlinear soil-structure interaction of skew highway bridges : final report : prepared for Federal Highway Administration, Offices of Research and Development /

Bibliography: p. 46-48.

Task Force on Deterrence of Air Piracy, final report / H. L. Reighard, John T. Dailey, FAA Office of Aviation Medicine.

Includes bibliographical references.

Rules of practice for the courts of equity of the United States /

Mode of access: Internet.

International sugar agreement : hearing before a subcommittee of the session, on Ex. B, 83d Cong., 2d sess., the International sugar agreement ... March 18, 1954.

George D. Aiken, chairman of subcommittee.