Global

Financial stability and macroprudential regulation under diagnostic expectations

Retrieved on: 
Saturday, November 26, 2022

In this article, we examine the joint implications of external financing frictions and cognitive misperceptions for the stability of the financial system and the appropriate conduct of macroprudential regulation.

Key Points: 
  • In this article, we examine the joint implications of external financing frictions and cognitive misperceptions for the stability of the financial system and the appropriate conduct of macroprudential regulation.
  • [2]
    Relative to the rational benchmark, diagnostic expectations and their interactions with financing frictions exacerbate instability in financial markets and economic activity.
  • Financial implications of financing frictions and diagnostic expectations (1/2)

    Notes: The chart illustrates interactions between fluctuations in financial net worth (i.e.

  • Blue ink indicates additional effects over a world with rational expectations that stem from diagnostic expectations.
  • First, diagnostic expectations intensify a positive interaction between fluctuations in financial net worth and fluctuations in asset prices (Chart 1).
  • Financial implications of financing frictions and diagnostic expectations (2/2)

    Notes: The chart reports stationary density functions of the aggregate capitalisation of financial intermediaries under rational and diagnostic expectations.

  • Relative to the rational framework, under diagnostic expectations, appropriate macroprudential restrictions on new credit to the nonfinancial sector are tighter, even when the regulator is subject to the same expectations as the private sector.
  • These results naturally reveal disagreements among potential regulators with differing degrees of diagnostic expectations about the appropriate regulation.
  • We examine the joint implications of external financing frictions and diagnostic cognitive misperceptions about economic fundamentals or asset prices for the stability of the financial system and the appropriate conduct of macroprudential regulation.
  • The key result is that diagnostic expectations exacerbate financial instability relative to the benchmark of rational expectations.
  • This finding calls for tighter macroprudential regulation even when the regulator is also subject to misperceptions.

Global Times: Past and present of Maritime Silk Road key to China-Indonesia ties and international trade

Retrieved on: 
Thursday, November 17, 2022

The Silk Road Economic Belt and the 21st-Century Maritime Silk Road initiative (BRI) that Xi proposed aims to create a trade and infrastructure network that connects Asia with Europe and Africa along ancient trade routes both over land and sea.

Key Points: 
  • The Silk Road Economic Belt and the 21st-Century Maritime Silk Road initiative (BRI) that Xi proposed aims to create a trade and infrastructure network that connects Asia with Europe and Africa along ancient trade routes both over land and sea.
  • The history and culture of the Maritime Silk Road has long captured the imagination of the public in China, leading to the establishment of related museums, such as the Maritime Silk Road Museum in South China's Guangdong Province.
  • Seen as the world's most ancient maritime route, the Maritime Silk Road was one of the most important sea passages for trade and cultural exchanges between China and foreign countries in ancient times.
  • Between China and Indonesia, the ancient Maritime Silk Road has played a great role in trade and cultural exchanges.

The Biden Administration Signs Ambitious Global Agreement to Accelerate Zero-Emission Transport

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Thursday, November 17, 2022

SHARM EL-SHEIKH, Egypt, Nov. 17, 2022 /PRNewswire/ -- The Biden Administration announced a landmark endorsement of zero-emission transport today at COP27. The United States signed the Global Memorandum of Understanding (Global MOU) on Zero-Emission Medium-and Heavy-Duty Vehicles, an international agreement supporting a path to 100% new zero-emission medium- and heavy-duty vehicle (MHDV) sales by 2040 with a targeted floor of 30% new zero-emission MHDV sales by 2030.

Key Points: 
  • SHARM EL-SHEIKH, Egypt, Nov. 17, 2022 /PRNewswire/ -- The Biden Administration announced a landmark endorsement of zero-emission transport today at COP27.
  • The US joins nations around the world working to support a path to 100% zero-emission MHDV sales by 2040.
  • More countries are expected to be announced at a joint CALSTART/Netherlands COP27 event later today (additional details at www.globaldrivetozero.org ).
  • The Global MOU and the growing list of signatory countries and endorsing organizations signing on at COP27 is a significant and welcome development.

Geoscientists promote Open Science for resourcing the future generation: the DDE Open Science Forum

Retrieved on: 
Thursday, November 17, 2022

PARIS, Nov. 17, 2022 /PRNewswire/ -- The Open Science Forum, co-organised by UNESCO, IUGS, IYBSSD and DDE, was held on November 9, 2022, at the UNESCO Headquarters in Paris.

Key Points: 
  • PARIS, Nov. 17, 2022 /PRNewswire/ -- The Open Science Forum, co-organised by UNESCO, IUGS, IYBSSD and DDE, was held on November 9, 2022, at the UNESCO Headquarters in Paris.
  • This Forum arises in support of the first anniversary of UNESCO Recommendation on Open Science approved, at the 60th anniversary of IUGS and DDE's global launch and triggered constructive discussions on both the benefits and opportunity of open science in the broad multi-stakeholder network among experts from governments and international organizations to promote holistic, inclusive approaches to open science.
  • Chengshan Wang, chair of DDE Executive Committee presented unique and distinct relationship between DDE and UNESCO open science recommendation and elaborate how DDE supported the key pillars of the UNESCO open science recommendation over the past three years.
  • The scope of the forum crosscut various issues including UNESCO Open Science Recommendation with FAIR principles, Geosciences contributions to global development challenges, DDE Platform and Geo-literacy.

Geoscientists promote Open Science for resourcing the future generation: the DDE Open Science Forum

Retrieved on: 
Thursday, November 17, 2022

PARIS, Nov. 16, 2022 /PRNewswire/ -- The Open Science Forum, co-organised by UNESCO, IUGS, IYBSSD and DDE, was held on November 9, 2022, at the UNESCO Headquarters in Paris.

Key Points: 
  • PARIS, Nov. 16, 2022 /PRNewswire/ -- The Open Science Forum, co-organised by UNESCO, IUGS, IYBSSD and DDE, was held on November 9, 2022, at the UNESCO Headquarters in Paris.
  • This Forum arises in support of the first anniversary of UNESCO Recommendation on Open Science approved, at the 60th anniversary of IUGS and DDE's global launch and triggered constructive discussions on both the benefits and opportunity of open science in the broad multi-stakeholder network among experts from governments and international organizations to promote holistic, inclusive approaches to open science.
  • Chengshan Wang, chair of DDE Executive Committee presented unique and distinct relationship between DDE and UNESCO open science recommendation and elaborate how DDE supported the key pillars of the UNESCO open science recommendation over the past three years.
  • The scope of the forum crosscut various issues including UNESCO Open Science Recommendation with FAIR principles, Geosciences contributions to global development challenges, DDE Platform and Geo-literacy.

Global Times: Xi's intensive meetings with world leaders show charm of major-country diplomacy

Retrieved on: 
Wednesday, November 16, 2022

Xi said China hopes France will encourage the EU to stay committed to an independent and positive China policy.

Key Points: 
  • Xi said China hopes France will encourage the EU to stay committed to an independent and positive China policy.
  • The Chinese president also expressed the hope for pushing forward China-Europe relations during his meeting with Netherlands Prime Minister Mark Rutte.
  • Behind this global spotlight is the trend of China-proposed diplomatic principles winning hearts and minds in an extremely uncertain and unstable world, foreign and Chinese experts said.
  • Definitely, this principle is "a candle in the dark" amid world uncertainty and an international economic recession, Saraswati said.

Pam Sexauer of Roth Staffing Named to the Global Power 150 - Women in Staffing List

Retrieved on: 
Tuesday, November 15, 2022

ORANGE, Calif., Nov. 15, 2022 /PRNewswire-PRWeb/ -- The Global Power 150 - Women in Staffing List 2022 by Staffing Industry Analysts (SIA) recognizes Pam Sexauer, President of Roth Staffing, as one of the most influential women in the staffing industry.

Key Points: 
  • ORANGE, Calif., Nov. 15, 2022 /PRNewswire-PRWeb/ -- The Global Power 150 - Women in Staffing List 2022 by Staffing Industry Analysts (SIA) recognizes Pam Sexauer, President of Roth Staffing, as one of the most influential women in the staffing industry.
  • "Pam has helped to navigate our company through growing pains, recessions, and a pandemic," said Adam Roth, CEO of Roth Staffing Companies.
  • Pam's ability to champion and build our culture will forever be her legacy at Roth Staffing.
  • The Americas portion of the Global Power 150 Women in Staffing list will be profiled in the November/December issue of Staffing Industry Review magazine and on a companion website.

HAVAS GROUP ACQUIRES AUSTRALIA'S LEADING INDEPENDENT HEALTH COMMUNICATIONS AGENCY, BASTION BRANDS

Retrieved on: 
Tuesday, November 15, 2022

PARIS, Nov. 15, 2022 /PRNewswire/ -- APAC is home to more than half of the world's population, and the health market size is expected to reach more than $300 billion by 2030 – making health brands' investment and presence in the region more important than ever. To continue expanding its reach in this key market, Havas Group announced today that it has acquired Bastion Brands, Australia's leading independent health communications agency. Bastion Brands will integrate into Havas Health & You (HH&Y), the world's largest global health network. This acquisition continues both HH&Y's exponential growth under Global CEO Donna Murphy and its significant evolution in the Asia Pacific region under CEO of APAC & LATAM Charles Houdoux, taking the network's headcount in Australia to over 350.

Key Points: 
  • To continue expanding its reach in this key market, Havas Group announced today that it has acquired Bastion Brands, Australia's leading independent health communications agency.
  • Bastion Brands has been a strategic partner of Havas Health & You since 2019, servicing clients across the business and working closely with Havas Village Australia partners.
  • Bastion Brands also complements fast growth within our health PR business Red Havas in Australia, and we're thrilled to officially welcome the Bastion Brands team to our Group."
  • Further information about Havas Group is available on the company's website: havasgroup.com
    Havas Health & You unites Havas Life, Health4Brands (H4B), Lynx,Red Havasand Havas Health Plus, all wholly owned health and communications networks, with the consumer health businesses and practices of Havas Creative Group.

HAVAS GROUP ACQUIRES AUSTRALIA'S LEADING INDEPENDENT HEALTH COMMUNICATIONS AGENCY, BASTION BRANDS

Retrieved on: 
Tuesday, November 15, 2022

PARIS, Nov. 15, 2022 /PRNewswire/ -- APAC is home to more than half of the world's population, and the health market size is expected to reach more than $300 billion by 2030 – making health brands' investment and presence in the region more important than ever. To continue expanding its reach in this key market, Havas Group announced today that it has acquired Bastion Brands, Australia's leading independent health communications agency. Bastion Brands will integrate into Havas Health & You (HH&Y), the world's largest global health network. This acquisition continues both HH&Y's exponential growth under Global CEO Donna Murphy and its significant evolution in the Asia Pacific region under CEO of APAC & LATAM Charles Houdoux, taking the network's headcount in Australia to over 350.

Key Points: 
  • To continue expanding its reach in this key market, Havas Group announced today that it has acquired Bastion Brands, Australia's leading independent health communications agency.
  • Bastion Brands has been a strategic partner of Havas Health & You since 2019, servicing clients across the business and working closely with Havas Village Australia partners.
  • Bastion Brands also complements fast growth within our health PR business Red Havas in Australia, and we're thrilled to officially welcome the Bastion Brands team to our Group."
  • Further information about Havas Group is available on the company's website: havasgroup.com
    Havas Health & You unites Havas Life, Health4Brands (H4B), Lynx,Red Havasand Havas Health Plus, all wholly owned health and communications networks, with the consumer health businesses and practices of Havas Creative Group.

Peggy Murphy, Eliassen Group's Senior Vice President - Strategic Accounts, Honored on SIA Global Power 150 - Women in Staffing Annual List

Retrieved on: 
Tuesday, November 15, 2022

READING, Mass., Nov. 15, 2022 /PRNewswire/ -- Eliassen Group, a strategic consulting company, announced today that Peggy Murphy, Eliassen Group's Senior Vice President Strategic Accounts, has been recognized on the SIA Global Power 150 Women in Staffing Annual List.

Key Points: 
  • READING, Mass., Nov. 15, 2022 /PRNewswire/ -- Eliassen Group, a strategic consulting company, announced today that Peggy Murphy, Eliassen Group's Senior Vice President Strategic Accounts, has been recognized on the SIA Global Power 150 Women in Staffing Annual List.
  • In its eighth year, this annual list recognizes women for their outstanding efforts and achievements in elevating the workforce solutions ecosystem.
  • The Global Power 150 list is not a ranking but a way to recognize women in leadership positions and to increase visibility for the important contributions these influencers have made across the industry.
  • Senior Vice President - Head of Marketing, Brand and Communications
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