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Main Categories of Operational Risks in Banking. Methods Used by Financial Institutions to Identify, Prevent and Mitigate Risk Events 银行业操作风险的主要类别。金融机构识别、预防和减轻风险事件的方法
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-07-01 DOI: 10.24818/oec/2021/30/4.05
Dragoș Danțiș
Regular definitions of classical banking would bring into discussion the products and services offered to clients, with a deep focus on business activities, but only limited consideration given to other processes such as risk management. In such a view, some investors or managers would be interested in the efficiency of activities, eliminating many of the supporting steps or controls in place, in order to allocate most of the effort to the processing or client-oriented steps of the banking products. What has been noticed in theory and in practice is the fact that banking activity cannot function without the management of risks and the presence of a sound risk culture in financial institutions. This can be achieved, on the one hand, through the presence of an internal risk division to govern and coordinate risk management as well as implement prerequisites, some of them required by regulatory bodies, and, on the other hand, to promote a culture of risk, to turn each structure or staff member into the first line of risk detection, prevention, and mitigation. Among the main classes of risks are the operational ones, with a wide category of events in their portfolio, forcing banks to constantly build and develop their policies and processes in operational risk management. This paper will look at the main categories of operational risks and will mention some of the means used by the financial institutions to prevent and mitigate such risk events.
传统银行的常规定义将讨论向客户提供的产品和服务,重点关注业务活动,但对风险管理等其他过程的考虑有限。在这种观点中,一些投资者或管理人员会对活动的效率感兴趣,从而消除许多支持步骤或现有的控制,以便将大部分精力分配给银行产品的处理或面向客户的步骤。在理论和实践中已经注意到的事实是,如果没有风险管理和金融机构中健全的风险文化,银行活动就无法发挥作用。一方面,可以通过内部风险部门的存在来治理和协调风险管理以及实施先决条件(其中一些是监管机构所要求的),另一方面,可以促进风险文化,使每个结构或工作人员成为风险检测、预防和减轻的第一线。在主要的风险类别中,操作风险类别繁多,迫使银行不断建立和发展操作风险管理的政策和流程。本文将着眼于操作风险的主要类别,并将提及金融机构用于预防和减轻此类风险事件的一些手段。
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引用次数: 0
Book Review / Recenzie de carte: Marius-Cristian Neacşu (coord.), 30 de ani de la sfârşitul Războiului Rece, Bucureşti, Editura ASE, 2021
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-07-01 DOI: 10.24818/oec/2021/30/4.08
Maria Ioana Andrei
The Romanian academic publishing market has recently gained a new volume bearing the title “Thirty Years since the End of the Cold War” [“30 de ani de la sfârşitul Războiului Rece”], edited and printed by Editura ASE, the publishing outlet of the Bucharest University of Economic Studies. This 435-page work was published under the supervision of Associate Professor Marius-Cristian Neacşu, Ph.D. as its coordinator and author, alongside several other co-authors under the patronage of the Master’s Program in Geopolitics and Business.
罗马尼亚学术出版市场最近获得了一卷新书,书名为《冷战结束三十年》,由布加勒斯特经济研究大学的出版机构Editura ASE编辑和印刷。这本435页的著作是在地缘政治和商业硕士项目的赞助下,由副教授Marius-Cristian neac博士作为协调员和作者与其他几位共同作者监督出版的。
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引用次数: 0
Nobel Laureate, Joseph Stiglitz, On Economic Challenges after Covid-19 诺贝尔奖得主约瑟夫·斯蒂格利茨谈新冠疫情后的经济挑战
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-07-01 DOI: 10.24818/oec/2021/30/4.07
Vasilica Mariana Bigea
The Covid-19 pandemic has caused a great deal of change in all respects and has revealed how prepared or unprepared the world economy is to meet such a challenge. In the wake of this pandemic, a number of economic issues have re-emerged that led to many debates but also to many challenges for the entire current political class. Unemployment, the bankruptcy of many companies, declining purchasing power, resetting employees' priorities, changing their needs and priorities, rampant inflation, the state of public health systems, poverty, worsening discrepancies and social polarization, global warming and the difficulties of refuelling and, last but not least, war are the problems facing humanity today. Though not the only one to do so, Joseph Stiglitz has drawn attention to many of these economic challenges in a series of recent articles, drawing parallels of all these imbalances to those observed in the period 2008-2009.
新冠肺炎疫情在各方面都造成了巨大变化,也反映出世界经济应对挑战的准备程度。在这场大流行病之后,重新出现了一些经济问题,这些问题引发了许多辩论,但也给当前整个政治阶层带来了许多挑战。失业、许多公司破产、购买力下降、员工优先事项的重新设定、他们的需求和优先事项的改变、猖獗的通货膨胀、公共卫生系统的状况、贫困、日益加剧的差异和社会两极分化、全球变暖、加油的困难,以及最后但并非最不重要的战争,是人类今天面临的问题。约瑟夫•斯蒂格利茨(Joseph Stiglitz)虽然不是唯一这样做的人,但他在最近的一系列文章中引起了人们对这些经济挑战的关注,并将所有这些不平衡与2008-2009年期间观察到的不平衡进行了比较。
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引用次数: 0
ANT COLONY OPTIMIZATION: AN ECONOMIC TRANSPOSITION 蚁群优化:一种经济转换
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-07-01 DOI: 10.24818/oec/2021/30/4.02
Vlad Popescu
The paper tackles recent developments in the field of social behaviours of insects and swarm intelligence – “stigmergy”. Specifically, this paper aims to explore the paradigm of ant colony optimization from two main perspectives – economic and biological – so that we can attain a clear view of the genomic bases that allow ants to function as complex biological navigation systems. Such systems translate nowadays into metaheuristic algorithms whose purpose is to solve extremely difficult combinatorial optimization problems. The design of these algorithms draws inspiration from the foraging behaviour of real ants. In the case study, an example of using an ant colony optimization algorithm in order to solve a routing problem shows us how only two iterations and two ants were enough to reveal the shortest path, taking into consideration the amount of pheromones emitted.
本文论述了昆虫社会行为和群体智能领域的最新发展——“污名化”。具体而言,本文旨在从经济和生物学两个主要角度探索蚁群优化的范式,以便我们能够清楚地了解允许蚂蚁作为复杂生物导航系统的基因组基础。这种系统现在转化为元启发式算法,其目的是解决极其困难的组合优化问题。这些算法的设计灵感来自于真实蚂蚁的觅食行为。在案例研究中,使用蚁群优化算法来解决路由问题的示例向我们展示了如何仅两次迭代和两只蚂蚁就足以显示最短路径,同时考虑到发出的信息素的数量。
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引用次数: 0
THE SCIENTIFICATION OF THE FUTURE 未来的科学化
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-07-01 DOI: 10.24818/oec/2021/30/4.01
Octavian-Dragomir Jora
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引用次数: 0
Energy Crisis and Entrepreneurial Failure 能源危机与创业失败
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-07-01 DOI: 10.24818/oec/2021/30/4.03
Cristina Mariana ENE (VASILE)
The author starts from the notion of a deterministic, causality-based model with which we can analyse phenomena of the Romanian economy that finds itself under the impact of a couple of crises. The two years of the pandemic have generated numerous dysfunctions and imbalances in various integrated markets. As we survey the Romanian business environment, their impact is visible. Emphasis is put on the pressure of certain crises pertaining to a range of factors such as: the pandemic, the workforce, energy, finance etc., which lead to unemployment, inflation, bankruptcy, and the decline of the quality of life. At the heart of the paper, we analyse the impact of the energy crisis on the business environment, public institutions, and population. The network of interconnected negative effects is highlighted through the state of entrepreneurial failure. In the conclusion of this paper, the effects that lead to the reduction of the quality of life in Romania are underscored.
作者从一个确定性的、基于因果关系的模型的概念开始,我们可以用这个模型来分析罗马尼亚经济受到几次危机影响的现象。大流行的两年造成了各种综合市场的许多功能失调和不平衡。当我们调查罗马尼亚的商业环境时,他们的影响是显而易见的。重点是与一系列因素有关的某些危机的压力,例如:流行病、劳动力、能源、金融等,这些因素导致失业、通货膨胀、破产和生活质量下降。在本文的核心,我们分析了能源危机对商业环境、公共机构和人口的影响。通过创业失败的状态,突出了相互关联的负面影响网络。在本文的结论中,强调了导致罗马尼亚生活质量下降的影响。
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引用次数: 0
The Post-Covid Crisis and Its Effects on Education 后疫情危机及其对教育的影响
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-07-01 DOI: 10.24818/oec/2021/30/4.06
Daniela ŞTEFAN (NICULAE)
This paper seeks to highlight how the post-pandemic crisis has brought to light an unpleasant reality of globalization, namely the deepening of inequality between people, especially among young people. In a global society, in which it was increasingly difficult to access education, the emergence of a virus that led to a pandemic has only rendered the problems of mankind into chronic, enduring issues. The pandemic did not go unnoticed; the crisis made its presence felt in the economy, in healthcare, but especially in education, and the political crisis was the last proverbial straw. In the current context, there is a decline in living standards, rising inflation, a sharp volatility of the free market, a migration crisis and a declining interest in education, coupled with increasingly difficult access to it. So far, Romania has managed, thanks to the public-private partnership, but also to some programs with European funding, to reduce the number school dropouts; however it has not completely disappeared. Whether or not we are ready for what is to come, remains to be seen.
本文旨在强调大流行后的危机如何揭示了全球化的一个令人不快的现实,即人与人之间,特别是年轻人之间不平等的加深。在一个越来越难以接受教育的全球社会中,一种导致大流行病的病毒的出现只会使人类的问题变成长期和持久的问题。大流行并没有被忽视;这场危机在经济、医疗、尤其是教育领域都有影响,而政治危机是最后一根救命稻草。在目前的情况下,生活水平下降,通货膨胀上升,自由市场急剧波动,移民危机,对教育的兴趣下降,加上越来越难以获得教育。到目前为止,罗马尼亚已经成功地减少了辍学人数,这要归功于公私合作伙伴关系,以及欧洲资助的一些项目;然而,它并没有完全消失。我们是否为即将到来的事情做好了准备,还有待观察。
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引用次数: 0
Circularity – an Essential Component in the Transition Towards Climatic Neutrality 循环——向气候中性过渡的重要组成部分
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-07-01 DOI: 10.24818/oec/2021/30/4.04
Cosmin Viziniuc
The present paper build upon the EU’s objective of climatic neutrality that must be reached by 2050. It involves the reduction of emissions and greater carbon absorption. In this paper, we analyse the connection within the Climatic Pact – Green Deal – Sustainable Economy triad. We then argue about decoupling economic growth from the use of resources and passing to circular systems with regards to production and consumption which are essential for achieving climatic neutrality. The European Union has adopted a strategy in which the recovery from the pandemic crisis is to be used as a lever to create a European industry that is more dynamic, resilient and competitive. It is shown that the foundation of a post-crisis recovery is to be laid upon principles such as sustainability, integration of the single market, competitiveness, cohesion, inclusion, solidarity, circularity, environmental protection and respect for social standards. Lastly, we analyse the new action plan for circular economy and its role in ensuring a green recovery following the Covid-19 pandemic.
本文建立在欧盟2050年必须达到的气候中和目标的基础上。它涉及到减少排放和增加碳吸收。在本文中,我们分析了气候协定-绿色协议-可持续经济三者之间的联系。然后,我们讨论将经济增长与资源利用脱钩,并在生产和消费方面转向循环系统,这对实现气候中和至关重要。欧洲联盟通过了一项战略,将从大流行病危机中复苏作为杠杆,创造一个更有活力、更有弹性和更具竞争力的欧洲工业。它表明,危机后复苏的基础是建立在可持续性、单一市场一体化、竞争力、凝聚力、包容、团结、循环、环境保护和尊重社会标准等原则之上。最后,我们分析了新的循环经济行动计划及其在确保2019冠状病毒病大流行后绿色复苏中的作用。
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引用次数: 0
Analysis of work intensity in Slovakia using testing and estimation of linear combinations of GLM parameters 使用GLM参数线性组合的测试和估计分析斯洛伐克的工作强度
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-01-01 DOI: 10.15611/aoe.2023.1.03
Eric Šoltés, Silvia Komara, Tatiana Šoltésová, M. Misut
Not only unemployment itself but also the reduced work intensity of a household has a major impact on the social exclusion of a person. The work intensity of households is currently being monitored in Europe mainly for purposes of identifying those people or households that are excluded from the labour market. The households’ work intensity directly affects the inclusion or exclusion from the labour market, which is one of the three social exclusion dimensions. Moreover, it also, as confirmed by several studies, fundamentally affects the other two dimensions of social exclusion, namely income poverty and material deprivation. The aim of the paper was to assess which factors in interaction with the economic activity status of a person significantly affect the household’s work intensity and, depending on these factors, to estimate the household’s work intensity. For this purpose, the general linear model and the associated analysis of marginal means and the contrast analysis were used. The analyses are based on a database EU-SILC 2020 for the Slovak Republic and performed in the SAS Enterprise Guide and by means of PROC GLM in the SAS programming language using CONTRAST and ESTIMATE statements. The article examines between which levels of significant factors there is a significant difference in terms of a household’s work intensity and in particular provides estimates of work intensity depending on the household type, educational attainment level and the age of a person. At the same time, in all three cases households are broken down by the economic activity status of the person. The presented analyses revealed categories of persons that are the most and the least threatened by labour market exclusion from the point of view of the considered factors.
不仅失业本身,而且家庭工作强度的降低对一个人的社会排斥也有重大影响。欧洲目前正在监测家庭的工作强度,主要是为了查明那些被排除在劳动力市场之外的人或家庭。家庭的工作强度直接影响劳动力市场的包容或排斥,这是三个社会排斥维度之一。此外,正如几项研究证实的那样,它还从根本上影响社会排斥的其他两个方面,即收入贫穷和物质匮乏。本文的目的是评估与一个人的经济活动状况相互作用的哪些因素显著影响家庭的工作强度,并根据这些因素来估计家庭的工作强度。为此,使用了一般线性模型和相关的边际均值分析和对比分析。分析基于斯洛伐克共和国的EU-SILC 2020数据库,并在SAS企业指南中执行,并通过使用CONTRAST和ESTIMATE语句的SAS编程语言中的PROC GLM进行。这篇文章研究了哪些水平的重要因素在一个家庭的工作强度方面存在显著差异,并特别提供了根据家庭类型、教育程度和个人年龄对工作强度的估计。同时,在这三种情况下,家庭都是根据个人的经济活动状况来划分的。所提出的分析从所考虑的因素的角度揭示了受劳动力市场排斥威胁最大和最小的人的类别。
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引用次数: 0
Generational differences in values and patterns of thinking in the workplace 职场价值观和思维模式的代际差异
IF 0.5 4区 经济学 Q4 ECONOMICS Pub Date : 2023-01-01 DOI: 10.15611/aoe.2023.1.05
Monika Kwiecińska, K. Grzesik, Anna Siewierska-Chmaj, Anna Popielska-Borys
The aim of this article is to empirically identify and analyse the differences between generations X, Y and Z in terms of values and patterns of thinking in the workplace. For the purposes of achieving the set objective, quantitative studies were performed. Data were obtained with the use of the MindSonar psychometric test. The results were subjected to a statistical analysis, and 435 economically active respondents took part in the study. The study shows that there are numerous statistically significant differences in preferred values and patterns of thinking among representatives of various generations (the differences occur in 2 out of the 7 measured levels of existence and their corresponding values, and in 9 out of the 32 measured patterns of thinking, or metaprograms). The obtained results may help HR managers and specialists focus on real, diagnosed differences in employees, which may be used for determining and communicating organisational priorities for current and future employees.
本文的目的是根据经验识别和分析X、Y和Z世代在工作场所的价值观和思维模式方面的差异。为了达到既定目标,进行了定量研究。使用MindSonar心理测试获得数据。调查结果进行了统计分析,435名经济活跃的受访者参与了这项研究。研究表明,在不同世代的代表中,偏好的价值观和思维模式在统计上存在许多显著差异(在7个被测量的存在水平及其相应的价值观中,有2个存在差异,在32个被测量的思维模式或元程序中,有9个存在差异)。获得的结果可以帮助人力资源经理和专家关注员工的真实,诊断的差异,这可能用于确定和沟通当前和未来员工的组织优先事项。
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引用次数: 0
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Argumenta Oeconomica
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