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Commento all’art. 84 (poteri e funzionamento degli organi liquidatori) del testo unico bancario
No full textIl lavoro descrive la disciplina dei poteri e del funzionamento degli organi liquidatori in caso di liquidazione coatta amministrativa regolata dal testo unico bancari
Does bail-in definitely rule out bailout?
Get PDFA growing number of studies are focusing attention on the new bank resolution framework and, particularly, on its side effects. This paper intends to contribute to the limited literature by examining the first application of the BRRD in Italy, in 2015, to four small to medium-sized failing banks. It assesses empirically the (in)stability of bank creditors and depositors in stress situations. It analyses a unique proprietary database of the Italian Deposit Guarantee Scheme.
It finds that the resolved banks incurred a significant loss of total funding since the start of their Special Administration procedure. When resolution is impending, creditors and depositors take flight dramatically. The run-off is stronger for uninsured deposits than for insured deposits. It also reveals that the deposits of some banks that are solvent but which send public signals of weakness (capital shortfall) seem to become “infected” and behave in a similar fashion.
The results would seem to confirm that market discipline in fact does work. However, they also support the argument that resolution works best when the crisis is not systemic. In the presence of a systemic crisis the funding outflows can reasonably reach large proportions. They can weaken market confidence and affect other bank creditors with all the adverse knock-on effects on financial stability.
If the bail-in logic can be counterproductive in those very situations for which it was conceived, it could imply that the risk of having to resort to bail-out is still very high
Commento all’art. 73 TUB (Adempimenti iniziali della procedura di amministrazione straordinaria)
No full textCommento all’art. 75 TUB (Adempimenti finali della procedura di amministrazione straordinaria)
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Dictionnaire et enseignement : savoir dire les odeurs
No full textThis article suggests a method of learning centred on smell. Through comparative analysis of definitions of basic vocabulary in the Petit Robert, the Trésor de la Langue Française, and the Treccani, reflections on the relationship between
humanity, smell, and its cultural relativity are activated.Des suggestions sont ici proposées pour un parcours d’apprentissage centré sur les odeurs à travers l ’analyse contrastive des entrées de dictionnaires concernant le vocabulaire de base, dans le Petit Robert, le Trésor de la Langue Française
et le Treccani, pour activer et développer un processus de réflexion sur la relation que l ’homme établit avec les odeurs et sa relativité culturelle
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
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