DOCSLIB.ORG

Basel, Switzerland

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Basel, Switzerland Basel, Switzerland „Basel tickt anders“*: Development in the sense of a Pharma-High-Culture-Life-Science-Conglomerat * „Basel beats in a different way“ (Slogan by Basel Marketing) - “Basel: Culture Unlimited” (Slogan by Basel Tourism) Since its political separation from the current canton of biggest branch of the Swiss State Fair (Messe Schweiz Institute of Technology and Herzog & de Meuron is kind Basel-Land (country state) (1833), the Canton of Basel- which is also nanced by Zurich), with the world’s largest of expression of the think tank and the Basel NMM). Ba- Stadt is a city state with only 37km2, consisting of three watch and jewellery fair, and the world’s largest art fair, sel’s agglomeration program also funds transport infra- communities (Basel, Riehen, Bettingen) and 190,000 in- the “ART Basel”. Not least, the ART Basel shapes the structure in neighbouring countries. habitants. Basel is the third largest Swiss city. A third of cities reputation as a cultural city. Also the approx. 45 Politically, Basel is – in contrast to the conservative-bour- all Swiss exports come from this second most important museums contribute to a venue as well as various cul- geois surroundings – balanced out between red and green economic region of Switzerland. tural institutions. The cultural economy itself , however, is and civic majorities, without any real fundamental opposi- Basel is de ned by its border situation: politically, it bor- only most recently seen as a contributing factor to the cit- tion. This is characteristic for the Swiss direct-democratic ders France, Germany and the Canton Basel-Land, geo- ies economy. Basel’s international air, is also strength- concordance system (all groups are represented in the graphically it is determined by the location on the Rhine ened by its importance as a transport hub. Over half of all government). Politics is ultimately characterized by a between three mountain ranges. The earliest settlements Swiss imports are coming through Basel (e.g. the Rhine strong sense of consensus, with a tendency towards left- go back several thousand years. Basel has been protes- ports). Basel is home to the Bank for International Settle- liberal focus (the cantonal constitution prohibits nuclear tant since 1530. In the 17th century Basel, at that time a ments (BIS). It is a university city since 1460, today it is power, only 25% of Basel have a car ...) The culture is a humanist city, gave many rich Protestants refuge, who participating in a college association in North-Western protestant, liberal and enterprising, with heavy involve- were expelled from France. In the 19th century, this ar- Switzerland (FHNW). In addition, the service industries, ment of different, very wealthy patrons and foundations. istocracy called the “Basel Daig”, invested as a supplier health / social affairs, transport are important. The con dence in the correctness of administrative action for the French textile industry in the chemical factories, The boundary position is a major challenge for the further is high. The potential dangers are despised collectively which today represents an essential pillar of a diversi- development and subject of various public and private in- (building in a major earthquake danger zone or living in [ ed economy. Basel’s economy grew even in the recent stitutions and projects. Since 1995/2007, the Trinational the immediate vicinity of the chemical production seems economic crisis. With only about 4% unemployment in Euro District (TEB) coordinates to the international coop- unproblematic). Basel is regarded in many regards as the last several legislatures thousand millions Euros of eration between politics and administration, particularly very particular and it also ties to its home, a circumstance debt were reduced. Focus of the economy are chemicals in the eld of spatial planning. The recently launched “IBA that ultimately shapes Basle’s carneval: This multi-day, Switzerland 41’000Km2 * Inhabitants 7’500’000 / pharmaceuticals / life sciences, with companies such as Basel 2020” is the rst cross-border international building and most important Protestant and folkloristic Tradition Urban Region 1.989 Km2 * Inhabitants 830’000 Novartis, Roche, Syngenta, Ciba / BASF playing in the exhibition. “Metro Basel” is working as self-declared “think mobilizes each year about 20,000 active participants. World League and not irrelevant to the wealth of the city. tank” (funded by the Cantons of Basel and the economy; Basel 37 Km2 * Inhabitants 190’000 Basel is an important trading centre, of which testi es the A “MetroBasel”-Comic (2009) around the Swiss Federal Burghof Lörrach GmbH Vitra Design Museum Schienenanschluss Euroairport EuroAirport Grenzüberschreitendes Tram Linie 3 Grenzüberschreitendes Tram Linie 8 Fondation Beyeler Jet Aviation (new hangar) Naturpark Lange Erlen Basel Metro Herzstück Variante Nord Villa Rosenau (Squatters) Volta Mitte Novartis Campus Volta West Ciba Erlenmatt Brückenkopf ETH Volta Zentrum Volta Ost Rosental Areal Institut Nanotechnologie Biotechnikum (Unibasel) Universitätskinderspital Messe Basel Basel Metro Landhof Herzstück Tinguely Museum Roche riverfront-upgrading Erweiterung Kunstmuseum SBB Süd highway-extension (project) St. Jakob-Stadion/Park Legend Urban Region Central areas Areas of State-Led Reinvestment / Areas of Urban Regeneration Areas of Private Reinvestment / Areas of Intense Neighbourhood Upgrading Trendy Neighboorhoods Privately sponsored Art-Museums Gated Communities / Exclusionary Zones Areas of Privatization Very High Income Area Areas of disinvestment Subcentres Housing Strategic Urban Infrastructure Projects Flagship Projects Events Failed and Grounded (large) Projects Informal Settlements "Architects are murders" "Planners are mass-murders" Of ce Herzog & de Meuron Main Shopping Street nt*-Areal: alternative? Spaces and Places of Resistance / Alternatives scale 1:25.000 other Failed: University campus Flagship: Art Museum Failed: „Landhof“-Housing- Agglomeration Volta „Fondation Beyeler“ Development Program Basel Failed university campus Dreirosenbrücke with Novartis head- Purpose Exhibition space for the collection of the Purpose Contribution to the government›s aim of cre- Purpose Coordination of traf c and land development quarters in the background Fondation, temporary exhibitions ating new urban housing. through [ nancing of transport projects Dimensions 3 buildings with 80 apartments, garage, and Dimensions 140 x 35 and 14 meters high with garden, 10.000 sq.m of green space) Dimensions Trinational agglomeration of Basel, 2011- “In the interest of credibility as an independent research insti- up to 340 000 visitors / year 2014 (A projects) -2028 (B-projects) tute, the equidistant to the large industrial partners is to keep.” Project costs (-/stage of planning) Project costs Euro 45 million museum Project costs Ca. € 1 billion (project categories A + B) Katja Prowald, Roche Investors Canton Basel-Stadt, cooperatives Investors Private Fondation Beyeler, operating sub- Investors Cantons in North-West Switzerland + con- sidy from the canton of Basel-Stadt cerned authorities in Germany and France; Architects Rüdisühli + Ibach Architects, Basel, Andreas Architects Renzo Piano Swiss Confederation Tremp landscape architect, Zurich Date 2011-2014 (A projects) -2028 (B-projects) Date Planning - Opening: 1991-97, 2000 Date 2003 - 2010 Das Agglomerationsprogramm Basel Das Instrument zur Lenkung von Verkehrs- und Siedlungsentwicklung Perimeter und Grenzen F D CH Reproduziert mit Bewilligung von swisstopo (BA081004) Description Description Description Description At the foot of the north of Basel Dreirosenbrücke the develop- Representing a variety of high-level Art Museums, which were The «Landhof» is a large inner-city block in the immediate vicin- The agglomeration program is a funding program of the Swiss ment of a university site was planned. The university campus built in the agglomeration centre of Basel by private patrons, ity of Switzerland›s State Fair. The block-courtyard was used Confederation to support strategic transport projects (public Volta, the new Swiss Nanoscience institute: The Institute chem- on choosing the «Fondation Beyeler» various issues can be as soccer stadium (national league up to 2001) and by district transport, private motorized). Required is the participation of istry, physics, biology, mathematics and computer science, the highlighted, which are typical for the patronage in art high-cul- residents, sports and leisure facility for a children›s project. The interested partners, and the existence of a concerted strategy. Institute for Systems Biology, ETH Zurich (Swiss Federal In- ture of Basel: result of an urban design competition for the housing project For the trinational agglomeration of Basel, the Swiss Confed- stitute of Technology Zurich) and a Novartis-owned Institute the important impact of the initiative of non-governmental, was downsized after protests. In a vote in March 2010, the eration demands a cross-border cooperation. It also promotes shall be located at the same site. According to the plans from wealthy private actors population voted with twice a majority for both: the small project projects in France and Germany with Swiss funds. 2008 from 2015 should be able to host 2000-3000 students, as well as the full preservation of today›s green spaces. These researchers, professors and university staff members using the emergence of PPPs, where states «participation» is decisions drew attention to planning de
Load more

Recommended publications
  • International Regulation and Treatment of Trade Finance: What Are the Issues?
    Staff Working Paper ERSD-2010-09 February 2010 World Trade Organization Economic Research and Statistics Division INTERNATIONAL REGULATION AND TREATMENT OF TRADE FINANCE: WHAT ARE THE ISSUES? Marc Auboin: WTO Manuscript date: February 2010 Disclaimer: This is a working paper, and hence it represents research in progress. This paper represents the opinions of the author, and is the product of professional research. It is not meant to represent the position or opinions of the WTO or its Members, nor the official position of any staff members. Any errors are the fault of the author. Copies of working papers can be requested from the divisional secretariat by writing to: Economic Research and Statistics Division, World Trade Organization, Rue de Lausanne 154, CH 1211 Geneva 21, Switzerland. Please request papers by number and title. INTERNATIONAL REGULATION AND TREATMENT OF TRADE FINANCE: WHAT ARE THE ISSUES? Marc Auboin 1 Abstract The paper discusses a number of issues related to the treatment of trade credit internationally, a priori (treatment by banking regulators) and a posteriori (treatment by debtors and creditors in the case of default), which are currently of interest to the trade finance community, in particular the traditional providers of trade credit and guarantees, such as banks, export credit agencies, regional development banks, and multilateral agencies. The paper does not deal with the specific issue of regulation of official insured-export credit, under the OECD Arrangement, which is a specific matter left out of this analysis. Traditionally, trade finance has received preferred treatment on the part of national and international regulators, as well as by international financial agencies in the treatment of trade finance claims, on grounds that trade finance was one of the safest, most collateralized, and self- liquidating forms of trade finance.
    [Show full text]
  • Quantifying Operational Risk: Possibilities and Limitations
    Quantifying Operational Risk: Possibilities and Limitations Hansj¨org Furrer ETH Z¨urich [email protected]/∼hjfurrer (Based on joint work with Paul Embrechts and Roger Kaufmann) Deutsche Bundesbank Training Centre, Eltville 19-20 March 2004 Managing OpRisk Contents A. The New Accord (Basel II) B. Risk measurement methods for OpRisks C. Advanced Measurement Approaches (AMA) D. Conclusions E. References Managing OpRisk 1 A. The New Accord (Basel II) • 1988: Basel Accord (Basel I): minimum capital requirements against credit risk. One standardised approach • 1996: Amendment to Basel I: market risk. • 1999: First Consultative Paper on the New Accord (Basel II). • 2003: CP3: Third Consultative Paper on the New Basel Capital Accord. (www.bis.org/bcbs/bcbscp3.htmcp3) • mid 2004: Revision of CP3 • end of 2006: full implementation of Basel II ([9]) Managing OpRisk 2 What’s new? • Rationale for the New Accord: More flexibility and risk sensitivity • Structure of the New Accord: Three-pillar framework: Pillar 1: minimal capital requirements (risk measurement) Pillar 2: supervisory review of capital adequacy Pillar 3: public disclosure Managing OpRisk 3 What’s new? (cont’d) • Two options for the measurement of credit risk: Standard approach Internal rating based approach (IRB) • Pillar 1 sets out the minimum capital requirements: total amount of capital ≥ 8% risk-weighted assets • MRC (minimum regulatory capital)def= 8% of risk-weighted assets • New regulatory capital approach for operational risk (the risk of losses resulting from inadequate or failed internal processes, people and systems, or external events) Managing OpRisk 4 What’s new? (cont’d) • Notation: COP: capital charge for operational risk • Target: COP ≈ 12% of MRC • Estimated total losses in the US (2001): $50b • Some examples 1977: Credit Suisse Chiasso-affair 1995: Nick Leeson/Barings Bank, £1.3b 2001: Enron (largest US bankruptcy so far) 2003: Banque Cantonale de Vaudoise, KBV Winterthur Managing OpRisk 5 B.
    [Show full text]
  • Impact of Basel I, Basel II, and Basel III on Letters of Credit and Trade Finance
    Impact of Basel I, Basel II, and Basel III on Letters of Credit and Trade Finance Requirement Basel I Basel II Basel III 2013 2015 2019 Common Equity 2.0% of 3.5% of RWA 4.5% of RWA 4.5% of RWA RWA Tier 1 Capital 4.0% of 4.0% of 4.5% of RWA 6.0% of RWA 6.0% of RWA RWA RWA Total Capital 8.0% of 8.0% of 8.0% of RWA 8.0% of RWA 8.0% of RWA RWA RWA Capital Conversion -0- -0- +2.5% of RWA Buffer Leverage Ratio Observation Observation (4% of direct assets) (based on Total Capital) 3% of total direct and contingent assets Counter Cyclical Buffer +Up to 2.5% of RWA Liquidity Coverage Observation 30 days 30 days Net Stable Funding Observation Observation 1 year Additional Loss +1% to 2.5% of RWA Absorbency Color Code Key (US Applicability): (Applies only in the US) In the US, applies only to “Large, Internationally-Active Banks” Not yet implemented in the US Depending on the bank and the point in the economic cycle, under Basel III, the total capital requirement for a bank in 2019 may be as much as 15.5% of Risk-Weighted Assets (“RWA”), compared with 8% under Basel I and Basel II. The amount of Risk-Weighted Assets (“RWA”) is computed by multiplying the amount of each asset and contingent asset by a risk weighting and a Credit Conversion Factor (“CCF”) Under Basel I, risk weightings are set: 0% for sovereign obligors, 20% for banks where tenors ≤ one year, 50% for municipalities and residential mortgages, 100% for all corporate obligors Under Basel II, risk weightings are based on internal or external (rating agency) risk ratings with no special distinction for banks; capital requirements for exposures to banks are increased by as much as 650% (from 20% to as much as 150%) The Credit Conversion Factor for Letters of Credit varies under Basel I vs.
    [Show full text]
  • A Tale of Minorities: Evidence on Religious Ethics and Entrepreneurship from Swiss Census Data
    IZA DP No. 7976 A Tale of Minorities: Evidence on Religious Ethics and Entrepreneurship from Swiss Census Data Luca Nunziata Lorenzo Rocco February 2014 DISCUSSION PAPER SERIES Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor A Tale of Minorities: Evidence on Religious Ethics and Entrepreneurship from Swiss Census Data Luca Nunziata University of Padua and IZA Lorenzo Rocco University of Padua Discussion Paper No. 7976 February 2014 IZA P.O. Box 7240 53072 Bonn Germany Phone: +49-228-3894-0 Fax: +49-228-3894-180 E-mail: [email protected] Any opinions expressed here are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but the institute itself takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character.
    [Show full text]
  • Selected Information
    Selected information SNB 120 Selected information 2002 1 Supervisory and executive bodies (as of 1 January 2003) Hansueli Raggenbass, Kesswil, National Councillor, Attorney-at-law, President Bank Council Philippe Pidoux, Lausanne, Attorney-at-law, Vice President (Term of office 1999–2003) Kurt Amsler, Neuhausen am Rheinfall, President of the Verband Schweizerischer Kantonalbanken (association of Swiss cantonal banks) The members elected by Käthi Bangerter, Aarberg, National Councillor, Chairwoman of the Board of Bangerter- the Annual General Meeting of Shareholders are marked Microtechnik AG with an asterisk (*). * Fritz Blaser, Reinach, Chairman of Schweizerischer Arbeitgeberverband (Swiss employers’ association) Pierre Darier, Cologny, partner of Lombard Odier Darier Hentsch & Cie, Banquiers Privés * Hugo Fasel, St Ursen, National Councillor, Chairman of Travail.Suisse Laurent Favarger, Develier, Director of Four électrique Delémont SA Ueli Forster, St Gallen, Chairman of the Swiss Business Federation (economiesuisse), Chairman of the Board of Forster Rohner Ltd * Hansjörg Frei, Mönchaltorf, Chairman of the Swiss Insurance Association (SIA), member of the extended Executive Board of Credit Suisse Financial Services * Brigitta M. Gadient, Chur, National Councillor, partner in a consulting firm for legal, organisational and strategy issues Serge Gaillard, Bolligen, Executive Secretary of the Swiss federation of trade unions Peter Galliker, Altishofen, entrepreneur, President of the Luzerner Kantonalbank Marion Gétaz, Cully, Member of the
    [Show full text]
  • Basel Area Brochure
    Basel economic area Optimal conditions for business success Dear Reader The Basel economic area is home to Europe’s largest life sci- ences cluster. Successful pharmaceutical, biotech and agrochem- ical companies provide for the highest hourly productivity in the industry worldwide. Global companies such as Roche, Novartis and Syngenta, as well as many up-and-coming companies, for example Actelion, have their headquarters here. But Basel’s success is not only based on the life sciences. Studies by UBS and Credit Suisse show that the region today is optimally diversified in growth industries. These include the watch industry, medical engineering and logistics. The greatest strength of the Basel economic area lies in its geo- graphic concentration of skills in universities and companies. Moti- vated and highly qualified people working in research, develop- ment and applications are providing for the strongest economic growth in Switzerland. People feel at home in the Basel area. The population, around 30 percent of whom are foreigners, enjoys a cultural diversity and quality of life that are without parallel. Entrepreneurs appreciate the political stability, the legal certainty and an infrastructure that offers them a predictably ideal environment. Basel is one of the best business regions in the world. We would be happy to provide you with support in your efforts to settle in this first-class location. Dr. Franz Saladin CEO BaselArea 1 Open to the world. Basel is one of the world’s economic hotbeds. Companies based here benefit from a location that combines cosmopolitan living and an international environment with excellent operating conditions and a high quality of life.
    [Show full text]
  • Tickets & Tarife
    www.rvl-online.de gültig ab 01.08.2021 Tickets & Tarife Unser Fahrscheinangebot RVL Tickets & Tarife Inhaltsverzeichnis S. 4 Herzlich willkommen S. 5 Ihr Weg zum Ticket S. 6 Orte im RVL-Gebiet RVL Fahrscheine (Landkreis Lörrach) S. 9 Einzelfahrschein / Gruppenfahrschein S. 11 Handyticket-Angebote für RVL-Fahrscheine Handyticket-Angebote für triregio-Fahrscheine S. 12 ViererCard / PunkteCard / Ticket4Lörrach S. 13 SoloCard24 / TeamCard24 / badisch24 S. 14 RegioCard / SchülerRegioCard S. 15 Grenzenlose Freiheit (1) RVL Abo S. 16 mein S. 17 Grenzenlose Freiheit (2) S. 18 Freizeitverkehr S. 19 Anrufsammeltaxi (AST) Verbund überschreitende Fahrscheine (RVF/WTV) S. 21 Ergänzungsbereich im RVF S. 22 Ergänzungsbereich im WTV S. 23 Nachbarkarte RVL-WTV Landesgrenzen überschreitende Fahrscheine (D/CH/F) S. 21 Tageskarten: Ticket triregio / Ticket triregio mini S. 22 Einzelfahrscheine / Mehrfahrtenkarte S. 23 Monatskarten: RegioCard Plus / RegioCard Plus light Service und Information S. 31 Ergänzende Tarifhinweise: Mitnahme von Fahrrädern oder Tieren / Gruppenfahrten / Anschlussfahrscheine S. 33 DB-Angebote S. 34 Fahrplanauskunft / Automaten / Fundsachen S. 35 Verkaufsstellen S. 41 Verkehrsunternehmen Weitere Informationen unter rvl-online.de 3 RVL Tickets & Tarife RVL Tickets & Tarife Herzlich willkommen! Ihr Weg zum Ticket. Der Regio Verkehrsverbund Lörrach (RVL) und die Verkehrsunter- Mit dieser Tickets & Tarife Broschüre unterstützen wir Sie nehmen bieten Ihnen modernen Nahverkehr in einem einheitlichen dabei, Ihren passenden Fahrschein zu finden. Diesen können Sie Tarifsystem, das über die Grenzen des Landkreises Lörrach hinaus- auf verschiedenen Wegen erwerben, sei es am Automaten, beim geht und unsere besondere Region im Dreiländereck verbindet. Busfahrer, per Handy, am Schalter oder via Abonnement. Auf den folgenden Seiten finden Sie ausführliche Informationen zu allen Ticket- und Tarifangeboten vom Einzelfahrschein bis zum Jahresabo.
    [Show full text]
  • Canton of Basel-Stadt
    Canton of Basel-Stadt Welcome. VARIED CITY OF THE ARTS Basel’s innumerable historical buildings form a picturesque setting for its vibrant cultural scene, which is surprisingly rich for THRIVING BUSINESS LOCATION CENTRE OF EUROPE, TRINATIONAL such a small canton: around 40 museums, AND COSMOPOLITAN some of them world-renowned, such as the Basel is Switzerland’s most dynamic busi- Fondation Beyeler and the Kunstmuseum ness centre. The city built its success on There is a point in Basel, in the Swiss Rhine Basel, the Theater Basel, where opera, the global achievements of its pharmaceut- Ports, where the borders of Switzerland, drama and ballet are performed, as well as ical and chemical companies. Roche, No- France and Germany meet. Basel works 25 smaller theatres, a musical stage, and vartis, Syngenta, Lonza Group, Clariant and closely together with its neighbours Ger- countless galleries and cinemas. The city others have raised Basel’s profile around many and France in the fields of educa- ranks with the European elite in the field of the world. Thanks to the extensive logis- tion, culture, transport and the environment. fine arts, and hosts the world’s leading con- tics know-how that has been established Residents of Basel enjoy the superb recre- temporary art fair, Art Basel. In addition to over the centuries, a number of leading in- ational opportunities in French Alsace as its prominent classical orchestras and over ternational logistics service providers are well as in Germany’s Black Forest. And the 1000 concerts per year, numerous high- also based here. Basel is a successful ex- trinational EuroAirport Basel-Mulhouse- profile events make Basel a veritable city hibition and congress city, profiting from an Freiburg is a key transport hub, linking the of the arts.
    [Show full text]
  • Swiss Economy Cantonal Competitiveness Indicator 2019: Update Following the Swiss Tax Reform (STAF)
    Swiss economy Cantonal Competitiveness Indicator 2019: Update following the Swiss tax reform (STAF) Chief Investment Office GWM | 23 May 2019 3:12 pm BST | Translation: 23 May 2019 Katharina Hofer, Economist, [email protected]; Matthias Holzhey, Economist, [email protected]; Maciej Skoczek, CFA, CAIA, Economist, [email protected] Cantonal Competitiveness Indicator 2019 Following the adoption of the tax reform (STAF) on 19 • 1 ZG 0 = rank change versus previous year 100.0 May 2019, the canton of Zug remains the most competitive 2 BS +1 90.6 canton, as in 2018. Basel-Stadt has overtaken the canton of 3 ZH - 1 90.1 Zurich. 4 VD +3 75.2 5 AG - 1 74.3 • The cantons of Appenzell Innerrhoden and Glarus boast the 6 NW +2 72.4 most attractive cost environments. The canton of Bern has 7 SZ - 2 71.3 lost some of its tax appeal. 8 LU - 2 71.2 9 BL 0 71.1 • The tax reform burdens cantons' finances to different 10 GE +1 69.8 extents. In the near term, the cantons of Geneva and Basel- 11 TG - 1 66.7 Stadt are likely to lose revenue from profit tax. 12 SH 0 66.1 13 FR +1 62.9 14 SG - 1 62.8 Following the approval of tax reforms (STAF) in a recent referendum, 15 OW +3 58.6 cantons now need to make changes to their profits taxes. Although 16 AR +1 57.3 some cantons announced considerable cuts to profit taxes prior to 17 SO - 1 55.8 18 GL +4 55.5 the voting, others were more reluctant.
    [Show full text]
  • From Basel I to Basel II to Basel III Pushpkant Shakdwipee, Masuma Mehta
    International Journal of New Technology and Research (IJNTR) ISSN:2454-4116, Volume-3, Issue-1, January 2017 Pages 66-70 From Basel I to Basel II to Basel III Pushpkant Shakdwipee, Masuma Mehta redeposit, and to discourage such a reduction in the first Abstract— The financial system of a country is of immense place". In her article “Why the Banking System Should Be use and plays a vital role in shaping the economic development Regulated", Dow reasons, that regulation is warranted for a nation. It consists of financial intermediaries and financial markets which channels funds from those who have savings to because the moneyness of bank liabilities is a public good". those who have more productive use for them, in a way leading The state in turn produces moneyness by inspiring confidence to money creation. The volume and growth of the capital in the in moneys capacity to retain value (Dow, 1996). economy solely depends on the efficiency and intensity of the operations and activities carried out in the financial markets. Following this line of argument, (Dowd, 1996) derives the One of the most important functions of the financial system is to necessity to regulate banks from the role they play in financial share risk which is catered mainly by the banking sector. intermediation, providing liquidity, monitoring and (Cortez, 2011) Banks are betting that the individuals and information services. Such importance may increase the companies to whom they lend capital will earn enough money to pay back their loans. This process leads to generation of Risk probability of a systemic crisis and lead to substantial social and in turn necessitates Regulations.
    [Show full text]
  • NATIONAL IDENTITY in SCOTTISH and SWISS CHILDRENIS and YDUNG Pedplets BODKS: a CDMPARATIVE STUDY
    NATIONAL IDENTITY IN SCOTTISH AND SWISS CHILDRENIS AND YDUNG PEDPLEtS BODKS: A CDMPARATIVE STUDY by Christine Soldan Raid Submitted for the degree of Ph. D* University of Edinburgh July 1985 CP FOR OeOeRo i. TABLE OF CONTENTS PART0N[ paos Preface iv Declaration vi Abstract vii 1, Introduction 1 2, The Overall View 31 3, The Oral Heritage 61 4* The Literary Tradition 90 PARTTW0 S. Comparison of selected pairs of books from as near 1870 and 1970 as proved possible 120 A* Everyday Life S*R, Crock ttp Clan Kellyp Smithp Elder & Cc, (London, 1: 96), 442 pages Oohanna Spyrip Heidi (Gothat 1881 & 1883)9 edition usadq Haidis Lehr- und Wanderjahre and Heidi kann brauchan, was as gelernt hatq ill, Tomi. Ungerar# , Buchklubg Ex Libris (ZOrichp 1980)9 255 and 185 pages Mollie Hunterv A Sound of Chariatst Hamish Hamilton (Londong 197ý), 242 pages Fritz Brunner, Feliy, ill, Klaus Brunnerv Grall Fi7soli (ZGricýt=970). 175 pages Back Summaries 174 Translations into English of passages quoted 182 Notes for SA 189 B. Fantasy 192 George MacDonaldgat týe Back of the North Wind (Londant 1871)t ill* Arthur Hughesp Octopus Books Ltd. (Londong 1979)t 292 pages Onkel Augusta Geschichtenbuch. chosen and adited by Otto von Grayerzf with six pictures by the authorg Verlag von A. Vogel (Winterthurt 1922)p 371 pages ii* page Alison Fel 1# The Grey Dancer, Collins (Londong 1981)q 89 pages Franz Hohlerg Tschipog ill* by Arthur Loosli (Darmstadt und Neuwaid, 1978)9 edition used Fischer Taschenbuchverlagg (Frankfurt a M99 1981)p 142 pages Book Summaries 247 Translations into English of passages quoted 255 Notes for 58 266 " Historical Fiction 271 RA.
    [Show full text]
  • Green Bond Fact Sheet
    Green Bond Fact Sheet Canton of Basel Stadt Date: 01-Oct-2018 Issue date: 24-Sept-2018 Maturity date: 24-Sept-2025 Tenor: 7 Issuer Name Canton of Basel Stadt Amount Issued CHF0.23m (USD0.24m) Country of risk Switzerland CBI Database Included Issuer Type1 Local Government Bond Type Senior unsecured Green Bond Framework Link to Framework Second party opinion ISS-Oekom Certification Standard Not certified Assurance report N/A Certification Verifier N/A Green bond rating N/A Use of Proceeds ☐ Energy ☐ Solar ☐ Tidal ☐ Energy storage ☐ Onshore wind ☐ Biofuels ☐ Energy performance ☐ Offshore wind ☐ Bioenergy ☐ Infrastructure ☐ Geothermal ☐ District heating ☐ Industry: components ☐ Hydro ☐ Electricity grid ☐ Adaptation & resilience ☒ Buildings ☐ Certified Buildings ☐ Water performance ☐ Industry: components ☐ HVAC systems ☐ Energy storage/meters ☐ Adaptation & resilience ☒ Energy ☒ Other energy related performance ☐ Transport ☐ Electric vehicles ☐ Freight rolling stock ☐ Transport logistics ☐ Low emission ☐ Coach / public bus ☐ Infrastructure vehicles ☐ Bicycle infrastructure ☐ Industry: components ☐ Bus rapid transit ☐ Energy performance ☐ Adaptation & resilience ☐ Passenger trains ☐ Urban rail ☐ Water & wastewater ☐ Water distribution ☐ Storm water mgmt ☐ Infrastructure ☐ Water treatment ☐ Desalinisation plants ☐ Industry: components ☐ Wastewater ☐ Erosion control ☐ Adaptation & resilience treatment ☐ Energy performance ☐ Water storage ☐ Waste management ☐ Recycling ☐ Landfill, energy capture ☐ Waste to energy ☐ Waste prevention ☐ Energy performance
    [Show full text]