DOCSLIB.ORG

How Policy Actions Affect Short)Term Post)Crisis

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
How Policy Actions Affect Short)Term Post)Crisis HOW POLICY ACTIONS AFFECT SHORT-TERM POST-CRISIS RECOVERY? Branimir Jovanovic (Tor Vergata, Rome) BEM, June 2012, Bratislava Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 1 / 20 Many papers investigated why - Berglof et al. (2009), Berkmen et al. (2009), Giannone et al. (2010), Lane and Milesi-Ferretti (2009), Rose and Spiegel (2009), Blanchard et al. (2010a), IMF (2010), Crespo and Feldkircher (forthcoming)... Right now, it is obvious that di erent countries are recovering di erently from the crisis. Still, no research on the issue. Background Di erent countries were a ected in di erent ways by the Great Recession. Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 2 / 20 Right now, it is obvious that di erent countries are recovering di erently from the crisis. Still, no research on the issue. Background Di erent countries were a ected in di erent ways by the Great Recession. Many papers investigated why - Berglof et al. (2009), Berkmen et al. (2009), Giannone et al. (2010), Lane and Milesi-Ferretti (2009), Rose and Spiegel (2009), Blanchard et al. (2010a), IMF (2010), Crespo and Feldkircher (forthcoming)... Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 2 / 20 Still, no research on the issue. Background Di erent countries were a ected in di erent ways by the Great Recession. Many papers investigated why - Berglof et al. (2009), Berkmen et al. (2009), Giannone et al. (2010), Lane and Milesi-Ferretti (2009), Rose and Spiegel (2009), Blanchard et al. (2010a), IMF (2010), Crespo and Feldkircher (forthcoming)... Right now, it is obvious that di erent countries are recovering di erently from the crisis. Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 2 / 20 Background Di erent countries were a ected in di erent ways by the Great Recession. Many papers investigated why - Berglof et al. (2009), Berkmen et al. (2009), Giannone et al. (2010), Lane and Milesi-Ferretti (2009), Rose and Spiegel (2009), Blanchard et al. (2010a), IMF (2010), Crespo and Feldkircher (forthcoming)... Right now, it is obvious that di erent countries are recovering di erently from the crisis. Still, no research on the issue. Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 2 / 20 It will investigate which factors a ect short-term GDP growth after economic crises. It will focus on the policy actions: 1 Monetary policy 2 Fiscal policy 3 Banking regulation and supervision policy This paper... This paper will do that. Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 3 / 20 It will focus on the policy actions: 1 Monetary policy 2 Fiscal policy 3 Banking regulation and supervision policy This paper... This paper will do that. It will investigate which factors a ect short-term GDP growth after economic crises. Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 3 / 20 1 Monetary policy 2 Fiscal policy 3 Banking regulation and supervision policy This paper... This paper will do that. It will investigate which factors a ect short-term GDP growth after economic crises. It will focus on the policy actions: Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 3 / 20 2 Fiscal policy 3 Banking regulation and supervision policy This paper... This paper will do that. It will investigate which factors a ect short-term GDP growth after economic crises. It will focus on the policy actions: 1 Monetary policy Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 3 / 20 3 Banking regulation and supervision policy This paper... This paper will do that. It will investigate which factors a ect short-term GDP growth after economic crises. It will focus on the policy actions: 1 Monetary policy 2 Fiscal policy Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 3 / 20 This paper... This paper will do that. It will investigate which factors a ect short-term GDP growth after economic crises. It will focus on the policy actions: 1 Monetary policy 2 Fiscal policy 3 Banking regulation and supervision policy Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 3 / 20 The scal policy e ect is even stronger in highly-leveraged countries In other words, public saving during crises hurts post-crisis recoveries substantially This paper... Findings All three policies have signi cant positive in uence on recovery Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 4 / 20 In other words, public saving during crises hurts post-crisis recoveries substantially This paper... Findings All three policies have signi cant positive in uence on recovery The scal policy e ect is even stronger in highly-leveraged countries Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 4 / 20 This paper... Findings All three policies have signi cant positive in uence on recovery The scal policy e ect is even stronger in highly-leveraged countries In other words, public saving during crises hurts post-crisis recoveries substantially Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 4 / 20 Park and Lee (2003) - which factors in uence short-term growth after 176 currency crises? Depreciation of exchange rate and supportive monetary and scal policy. Endogeneity problems - output and policy variables measured over the same period. Hong and Tornell (2005) - recoveries from 100 currency crises. Credit expansion and reserve inadequacy before the crisis depress growth after the crisis. No clear relationship between policy variables and recovery. Again, endogeneity - policy variables contemporaneous with recovery. Abiad et al. (2009) - medium-term output after 88 banking crises. Expansionary scal policy correlated with higher growth, but not the monetary policy. Again, endogeneity - policy variables measured before the growth, but they both refer to post-crisis period. Existing literature Existing literature Very few papers investigate determinants of post-crisis recoveries. Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 5 / 20 Hong and Tornell (2005) - recoveries from 100 currency crises. Credit expansion and reserve inadequacy before the crisis depress growth after the crisis. No clear relationship between policy variables and recovery. Again, endogeneity - policy variables contemporaneous with recovery. Abiad et al. (2009) - medium-term output after 88 banking crises. Expansionary scal policy correlated with higher growth, but not the monetary policy. Again, endogeneity - policy variables measured before the growth, but they both refer to post-crisis period. Existing literature Existing literature Very few papers investigate determinants of post-crisis recoveries. Park and Lee (2003) - which factors in uence short-term growth after 176 currency crises? Depreciation of exchange rate and supportive monetary and scal policy. Endogeneity problems - output and policy variables measured over the same period. Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 5 / 20 Abiad et al. (2009) - medium-term output after 88 banking crises. Expansionary scal policy correlated with higher growth, but not the monetary policy. Again, endogeneity - policy variables measured before the growth, but they both refer to post-crisis period. Existing literature Existing literature Very few papers investigate determinants of post-crisis recoveries. Park and Lee (2003) - which factors in uence short-term growth after 176 currency crises? Depreciation of exchange rate and supportive monetary and scal policy. Endogeneity problems - output and policy variables measured over the same period. Hong and Tornell (2005) - recoveries from 100 currency crises. Credit expansion and reserve inadequacy before the crisis depress growth after the crisis. No clear relationship between policy variables and recovery. Again, endogeneity - policy variables contemporaneous with recovery. Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 5 / 20 Existing literature Existing literature Very few papers investigate determinants of post-crisis recoveries. Park and Lee (2003) - which factors in uence short-term growth after 176 currency crises? Depreciation of exchange rate and supportive monetary and scal policy. Endogeneity problems - output and policy variables measured over the same period. Hong and Tornell (2005) - recoveries from 100 currency crises. Credit expansion and reserve inadequacy before the crisis depress growth after the crisis. No clear relationship between policy variables and recovery. Again, endogeneity - policy variables contemporaneous with recovery. Abiad et al. (2009) - medium-term output after 88 banking crises. Expansionary scal policy correlated with higher growth, but not the monetary policy. Again, endogeneity - policy variables measured before the growth, but they both refer to post-crisis period. Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 5 / 20 Endogeneity Endogeneity, i.e. reverse causality When regressing output on scal policy, for example, positive coecient can mean that scal policy a ects output positively, but also that higher output allows more supportive policy. That would bias the policy coecient upwards. Even when scal policy is dated before the output, positive coecient can be obtained because policy makers increase spending today in anticipation of higher output in the future... Branimir Jovanovic (Tor Vergata, Rome) () BEM, June 2012, Bratislava 6 / 20 Endogeneity How to avoid it? But, in times of crises
Load more

Recommended publications
  • Montenegro Old and New: History, Politics, Culture, and the People
    60 ZuZana Poláčková; Pieter van Duin Montenegro Old and New: History, Politics, Culture, and the People The authors are focusing on how Montenegro today is coming to terms with the task of becoming a modern European nation, which implies recognition not only of democracy, the rule of law, and so forth, but also of a degree of ‘multiculturalism’, that is recognition of the existence of cultural, ethnic, linguistic and religious minorities in a society that is dominated by a Slavic Orthodox majority. In his context they are analyzing the history of the struggle of the Montenegrin people against a host of foreign invaders – after they had ceased to be invaders themselves – and especially their apparently consistent refusal to accept Ottoman sovereignty over their homeland seemed to make them the most remarkable freedom fighters imaginable and led to the creation of a special Montenegrin image in Europe. This im- age of heroic stubbornness and unique martial bravery was even consciously cultivated in Western and Central Europe from the early nineteenth century onwards, as the Greeks, the Serbs, the Montenegrins and other Balkan peoples began to resist the Ottoman Empire in a more effective way and the force of Romantic nationalism began to influence the whole of Europe, from German historians to British politi- cians, and also including Montenegrin and Serbian poets themselves. And what about the present situa- tion? The authors of this essay carried out an improvised piece of investigation into current conditions, attitudes, and feelings on both the Albanian and the Slavic-Montenegrin side (in September 2012). key words: Montenegro; history; multiculturalism; identity; nationalism; Muslim; Orthodox Montenegro (Crna Gora, Tsrna Gora, Tsernagora) is a small country in the Western Balkans region with some 625,000 inhabitants,1 which became an independent nation in 2006 and a can- didate-member of the EU in 2010.
    [Show full text]
  • LARSON-DISSERTATION-2020.Pdf
    THE NEW “OLD COUNTRY” THE KINGDOM OF YUGOSLAVIA AND THE CREATION OF A YUGOSLAV DIASPORA 1914-1951 BY ETHAN LARSON DISSERTATION Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in History in the Graduate College of the University of Illinois at Urbana-Champaign, 2020 Urbana, Illinois Doctoral Committee: Professor Maria Todorova, Chair Professor Peter Fritzsche Professor Diane Koenker Professor Ulf Brunnbauer, University of Regensburg ABSTRACT This dissertation reviews the Kingdom of Yugoslavia’s attempt to instill “Yugoslav” national consciousness in its overseas population of Serbs, Croats, and Slovenes, as well as resistance to that same project, collectively referred to as a “Yugoslav diaspora.” Diaspora is treated as constructed phenomenon based on a transnational network between individuals and organizations, both emigrant and otherwise. In examining Yugoslav overseas nation-building, this dissertation is interested in the mechanics of diasporic networks—what catalyzes their formation, what are the roles of international organizations, and how are they influenced by the political context in the host country. The life of Louis Adamic, who was a central figure within this emerging network, provides a framework for this monograph, which begins with his arrival in the United States in 1914 and ends with his death in 1951. Each chapter spans roughly five to ten years. Chapter One (1914-1924) deals with the initial encounter between Yugoslav diplomats and emigrants. Chapter Two (1924-1929) covers the beginnings of Yugoslav overseas nation-building. Chapter Three (1929-1934) covers Yugoslavia’s shift into a royal dictatorship and the corresponding effect on its emigration policy.
    [Show full text]
  • Filming in Slovenia
    FILMING IN SLOVENIA Green. Active. Healthy. 7 OVERWHELMING REASONS FOR MAKING FILMS SHORT TRAVEL TIMES IN SLOVENIA TO MOST EUROPEAN DESTINATIONS by plane, car or train EASILY ACCESSIBLE DIVERSE LOCATIONS three geographic and climate regions within a 90-minute drive UNIQUE MOSAIC OF PURE UNADULTERATED AND PICTURESQUE NATURE, VARIETY OF ARCHITECTURAL STYLES, AND GREAT HISTORIC SITES azure blue Mediterranean, alpine peaks, caves of Karst, glacial lakes, Ljubljana Marshes... Castles and palaces, industrial sites, etc. SKILLED FILM CREWS AND PRODUCTION COMPANIES motivated, committed and reliable Slovenian audio-visual professionals UNRESTRICTED ACCESS TO FILMING IN PUBLIC SPACES collaborative police force and forthcoming local authorities TRUSTWORTHY AND AGILE BUSINESS PRACTICES creative, cooperative and diligent Slovenian associates FINANCIAL INCENTIVES FOR ALL KINDS OF AUDIO-VISUAL PRODUCTIONS film industry public funding and 25% cash rebate introduced in 2017 25% CASH REBATE ON ALL ELIGIBLE COSTS MADE WITHIN THE TERRITORY OF THE REPUBLIC OF SLOVENIA. Apply 45 days before shooting! No minimum spend. For help, contact one of the local service providers offering full production service (see page 26) or contact the Slovenian Film Centre directly More info on: Contact: www.sfc.si/en/ e-mail: [email protected] phone: +386 1 23 43 200 WELCOME TO YOUR DREAM REALITY Imagination or originality? When it comes to film It is one of the safest countries in the world, scenes, you want both! Allow an idea to become located in the heart of Europe and accessible from reality with the help of unspoilt filming locations all corners of the world. All of its diverse regions that, in the real world, go from the mountains can be reached within the radius of a two-hour to the sea, from the underground to the plains.
    [Show full text]
  • The Formation of Croatian National Identity
    bellamy [22.5].jkt 21/8/03 4:43 pm Page 1 Europeinchange E K T C The formation of Croatian national identity ✭ This volume assesses the formation of Croatian national identity in the 1990s. It develops a novel framework that calls both primordialist and modernist approaches to nationalism and national identity into question before applying that framework to Croatia. In doing so it not only provides a new way of thinking about how national identity is formed and why it is so important but also closely examines 1990s Croatia in a unique way. An explanation of how Croatian national identity was formed in an abstract way by a historical narrative that traces centuries of yearning for a national state is given. The book goes on to show how the government, opposition parties, dissident intellectuals and diaspora change change groups offered alternative accounts of this narrative in order to The formation legitimise contemporary political programmes based on different visions of national identity. It then looks at how these debates were in manifested in social activities as diverse as football and religion, in of Croatian economics and language. ✭ This volume marks an important contribution to both the way we national identity bellamy study nationalism and national identity and our understanding of post-Yugoslav politics and society. A centuries-old dream ✭ ✭ Alex J. Bellamy is lecturer in Peace and Conflict Studies at the University of Queensland alex j. bellamy Europe Europe THE FORMATION OF CROATIAN NATIONAL IDENTITY MUP_Bellamy_00_Prelims 1 9/3/03, 9:16 EUROPE IN CHANGE : T C E K already published Committee governance in the European Union ⁽⁾ Theory and reform in the European Union, 2nd edition .
    [Show full text]
  • When Linearity Prevails Over Hierarchy in Syntax
    When linearity prevails over hierarchy in syntax Jana Willer Golda, Boban Arsenijevic´b, Mia Batinic´c, Michael Beckerd, Nermina Cordalijaˇ e, Marijana Kresic´c, Nedzadˇ Lekoe, Franc Lanko Marusiˇ cˇf, Tanja Milicev´ g, Natasaˇ Milicevi´ c´g, Ivana Mitic´b, Anita Peti-Stantic´h, Branimir Stankovic´b, Tina Suligojˇ f, Jelena Tusekˇ h, and Andrew Nevinsa,1 aDivision of Psychology and Language Sciences, University College London, London WC1N 1PF, United Kingdom; bDepartment for Serbian language, Faculty of Philosophy, University of Nis,ˇ Nisˇ 18000, Serbia; cDepartment of Linguistics, University of Zadar, Zadar 23000, Croatia; dDepartment of Linguistics, Stony Brook University, Stony Brook, NY 11794-4376; eDepartment of English, Faculty of Philosophy, University of Sarajevo, Sarajevo 71000, Bosnia and Herzegovina; fCenter for Cognitive Science of Language, University of Nova Gorica, Nova Gorica 5000, Slovenia; gDepartment of English Studies, Faculty of Philosophy, University of Novi Sad, Novi Sad 21000, Serbia; hDepartment of South Slavic languages and literatures, Faculty of Humanities and Social Sciences, University of Zagreb, Zagreb 10000, Croatia Edited by Barbara H. Partee, University of Massachusetts at Amherst, Amherst, MA, and approved November 27, 2017 (received for review July 21, 2017) Hierarchical structure has been cherished as a grammatical univer- show cases of agreement based on linear order, called “attrac- sal. We use experimental methods to show where linear order is tion,” with the plural complement of noun phrases (e.g., the key also a relevant syntactic relation. An identical methodology and to the cabinets are missing), a set of findings later replicated in design were used across six research sites on South Slavic lan- comprehension and across a variety of other languages and con- guages.
    [Show full text]
  • Syllabus for SLA105, Introduction to Slavic Studies Petko Ivanov Connecticut College, [email protected]
    Connecticut College Digital Commons @ Connecticut College Slavic Studies Course Materials Slavic Studies Department Fall 2014 Syllabus for SLA105, Introduction to Slavic Studies Petko Ivanov Connecticut College, [email protected] Follow this and additional works at: http://digitalcommons.conncoll.edu/slaviccourse Recommended Citation Ivanov, Petko, "Syllabus for SLA105, Introduction to Slavic Studies" (2014). Slavic Studies Course Materials. Paper 7. http://digitalcommons.conncoll.edu/slaviccourse/7 This Course Materials is brought to you for free and open access by the Slavic Studies Department at Digital Commons @ Connecticut College. It has been accepted for inclusion in Slavic Studies Course Materials by an authorized administrator of Digital Commons @ Connecticut College. For more information, please contact [email protected]. The views expressed in this paper are solely those of the author. C o n n e c t i c u t C o l l e g e Fall 2014 SLA 105 Slavic Church Emanuel, Portland, Oregon Introduction to Slavic Studies Prof. Petko Ivanov SLA 105: Slavic Studies Connecticut College Fall 2014 SLA 105: Introduction to Slavic Studies Fall 2014, Monday/Wednesday 7:00-8:45 PM Location: Blaustein 208 Slavistics for Beginners (Beck, Mast & Tapper 1997: 13) Instructor: Petko Ivanov Blaustein 330, x5449, [email protected] Office hours M/W 1:30-2:30 and by appointment Course Description The existence of “Slavic identity” in the contemporary world seems to be taken as self- evident both on the level of international politics and as an institutionalized field of knowledge (viz. Slavic Departments). Yet the very concept of Slavicness is inherently problematic. Objectively, the only feature that binds all Slavs together is linguistic – the common genealogy and the present similarities of their languages.
    [Show full text]
  • Seminar Report
    ETUCE European Trade Union Committee for Education Education International Internationale de l'Education EI European Region Internacional de la Educación http://www.ei-ie.org Draft Minutes EUROPEAN REGION- ETUCE ETUCE Training Seminar on President Christine BLOWER Investing in Education: Strengthening the involvement of teacher trade unions in the European Semester on education and training Vice-Presidents Odile CORDELIER Walter DRESSCHER 16-17 January 2017 Paula ENGWALL Andreas KELLER Ljubljana, Slovenia Galina MERKULOVA Branimir STRUKELJ Chair: Christine Blower, NUT, UK, ETUCE President Participants: Nevrus Kaptelli (SPASH, Albania), Stavri Liko (FSASH, Albania), Saudin Sivro (ITUPEWBH, Bosnia and Herzegovina), Selvedin Satorovic (ITUPEWBH, Bosnia and Herzegovina), Đevad Hadzic (TUSHENSC, Bosnia and Herzegovina), Igor Radeka (IURHEEC, Croatia), Ana 5, Bd du Roi Albert II, 9th Madžgalj (TUEM, Montenegro), Predrag Ražnatović (TUEM, 1210 Brussels, Belgium Montenegro), Alexandra Cornea (FSLE, Romania), Christina Militaru Tel +32 2 224 06 91/92 (FSLE, Romania), Ion Imbrescu (ALMA MATER, Romania), Borka Visnic Fax +32 2 224 06 94 [email protected] (TUS, Serbia), Jelka Velicki (ESTUS, Slovenia), Jernej Zupancic (ESTUS, http://www.csee-etuce.org Slovenia) European Director Speakers and Sandi Modrijan (ESTUS, Slovenia), Branimir Strukelj (ESTUS, Slovenia), Martin RØMER project Lesley Hagger-Vaughan (University of Nottingham), Howard coordinators: Stevenson (University of Nottingham), Thomas Hoelgaard (DLF, Treasurer Mike JENNINGS Denmark), Judith Patan (ETUCE) 1. Opening and Welcome Christine Blower, ETUCE President, and Branimir Strukelj, ESTUS, ETUCE Vice- President Christine Blower and Branimir Strukelj welcomed the participants to the ETUCE training seminar. Branimir Strukelj told participants about recent developments in Slovenia. Trade unions are confronted with austerity measures and have to fight for appropriate salaries in the public sector.
    [Show full text]
  • Branimir Barišić Was Born on May 19, 1969, in Banja Luka, Where He
    In memoriam BRANIMIR BARIŠIĆ Branimir Barišić was born on May 19, 1969, in and more than 150 scientific works, of which 18 Banja Luka, where he finished elementary school papers in magazines were indexed in bibliographic and secondary school - gymnasium, the course of databases CC, SCI and/or SCI-Exp, which ranked Mathematical Informatics. In 1993, he enrolled to him among the most productive younger scientists study Mechanical engineering at the Faculty of in the fields of engineering science of the Republic Engineering of the University in Rijeka and earned of Croatia. his degree on July 3, 1997, in the field Mechanical He was an inventor of patented technology for metal Production Engineering. In 2002, at the Faculty of forming products. Since January 2007, he was the Engineering, he won a master's degree with the head of the science research project „Numerical thesis „Analysis of the process of drawing and modelling, simulation and optimisation in thin sheet extrusion using stochastic and numerical metal“, financed by the Ministry of science, modelling“, whereas his doctoral thesis under the education and sport of the Republic of Croatia. title „Analysis of the appearance of Lüders bands in As a researcher, he participated in three national the process of production from thin sheet metal“ scientific-research projects financed by the Ministry was defended in 2006. of science, education and sport of the Republic of On September 1, 1997, he was employed at the Croatia e.g.: „Modelling of the process of plastic Faculty of Engineering as assistant lecturer at the treatment“ (number :069017; duration:1997-2002), Department of industrial engineering and „Modelling and simulation of the process by the management, where after earning doctoral degree he application of genetic and stochastic algorithm“ was appointed assistant professor in 2006 and (number:0069021; duration:2002-2006), „Modelling subsequently, associate professor in 2009.
    [Show full text]
  • Dayton Peace Agreement (DPA), the US-Brokered Agreement That Brought the Conflict in Bosnia and Herzegovina to an End
    Occasional Paper Series Number 26 When the Total is less than the Sum of the Parts: The Lessons of Bosnia and Herzegovina Marie-Joëlle Zahar When the Total is less than the Sum of the Parts: The Lessons of Bosnia and Herzegovina Marie-Joëlle Zahar © Forum of Federations, 2019 ISSN: 1922-558X (online ISSN 1922-5598) Occasional Paper Series Number 26 When the Total is less than the Sum of the Parts: The Lessons of Bosnia and Herzegovina By Marie-Joëlle Zahar For more information about the Forum of Federations and its publications, please visit our website: www.forumfed.org. Forum of Federations 75 Albert Street, Suite 411 Ottawa, Ontario (Canada) K1P 5E7 Tel: (613) 244-3360 Fax: (613) 244-3372 [email protected] 3 When the Total is less than the Sum of the Parts: The Lessons of Bosnia and Herzegovina Overview The territorial reorganization of Bosnia and Herzegovina (BiH) is one of the key outcomes of the Dayton Peace Agreement (DPA), the US-brokered agreement that brought the conflict in Bosnia and Herzegovina to an end. As they sought to silence the guns, the mediators behind the DPA struggled with the need not to reward the ethnic cleansing that harkened back to Europe’s darkest hours while having to acknowledge that ethnic cleansing had, in fact, profoundly affected the demography of the country. The result was a complicated structure. Bosnia was reorganized as a consociational federation comprising two entities: Republika Srpska (RS) and the Federation of Bosnia and Herzegovina (FBiH). In many ways, the territorial restructuring agreed at Dayton could be perceived as ‘ground zero’ for many of the other cases in this volume.
    [Show full text]
  • ACCESS the HOTREC MEMBERSHIP for More Information on National Level, Please Contact the Relevant HOTREC Member - See Full List Below
    ACCESS THE HOTREC MEMBERSHIP For more information on national level, please contact the relevant HOTREC Member - see full list below FULL MEMBERS FRANCE GNC-Groupement National des Chaînes AUSTRIA www.gnc-hotels.com APHA-Fachverband Hotellerie President: Jean-Virgile Crance www.hotelverband.at President: Susanne Kraus-Winkler GNI-Groupement National des Indépendants Hôtellerie et CEO: Maria Schreiner Restauration www.gni-hcr.fr APRA-Fachverband Gastronomie President: Didier Chenet www.gastronomieverband.at President: Mario Pulker UMIH-Union des Métiers et des Industries de l’Hôtellerie CEO: Dr. Thomas Wolf www.umih.fr President: Roland Heguy Director General: Philippe Delterme BELGIUM Fed. Ho.Re.Ca. Bruxelles-Brussel www.horecabruxelles.be GERMANY President: Philippe Trine DEHOGA-Deutscher Hotel-un Gaststättenverband www.dehoga.de HORECA Vlaanderen President: Guido Zöllick www.horecavlaanderen.be CEO: Ingrid Hartges President: Ludo Geurden CEO: Matthias De Caluwe IHA-Hotelverband Deutschland www.hotellerie.de Fédération HoReCa Wallonie President: Otto Lindner www.horecawallonie.be CEO: Markus Luthe President: Thierry Neyens Secretary General: Pierre Poriau GREECE HCH-Hellenic Chamber of Hotels www.grhotels.gr BULGARIA President: Alexandros Vassilikos BHRA-Bulgarian Hotel and Restaurant Association CEO: Dr. Agni Christidou www.bhra-bg.org/en Chairman of the Board of Directors: Georgi Shterev Vice-Chair: Branimir Milanov HUNGARY HHRA-Hungarian Hotel and Restaurant Association www.hah.hu/en CROATIA President: Tamás Flesch UPUHH-Association of Employers in Croatian Hospitality Secretary General: Zsófia Sárvári-Deák www.upuhh.hr President: Veljko Ostojić IRELAND Vice-President: Ivan Sabljić IHF-Irish Hotels Federation Director/CEO: Bernard Zenzerović www.ihf.ie President: Elaina Fitzgerald Kane CZECH REPUBLIC Chief Executive: Tim Fenn AHR CR-The Czech Association of Hotels and Restaurants www.ahrcr.cz RAI-Restaurants Association of Ireland President: Ing.
    [Show full text]
  • IEEE Signal Processing Society Chapter Certifications 2021 Chapter Certifications
    IEEE Signal Processing Society Chapter Certifications 2021 Chapter Certifications Chapter Certifications 2021 Chapter Certifications (Term 2022-2025) Chapter Name Chapter Chair Baltimore Benaud D. Menachery Atlanta Wendy Newcomb Lone Star (San Antonio) Brian T. Kelley Ukraine (Kharkiv) Oleksandr Mykolayovych Dumin South Brazil (South Region) Jacob Scharcanski Bangladesh Shaikh A. Fattah 2020 Chapter Certifications Chapter Certifications 2020 Chapter Certifications (Term 2021-2024) Chapter Name Chapter Chair Dallas Issa Panahi Spain Víctor P. Gil Jiménez Guadalajara Rodrigo Calderon Rico Beijing Qiuqi Ruan Delhi Anubha Gupta Kansai Tomohiro Nakatani Kerala Suresh Kumaraswamy Kolkata Debangshu Dey 2019 Chapter Certifications Chapter Certifications 2019 Chapter Certifications (Term 2020-2023) Chapter Name Chapter Chair Long Island Jess Donaldson Chicago Rashid Ansari Twin Cities Tao Zhang Santa Clara Valley Yang Lei Serbia & Montenegro Budimir Lutovac Rio de Janeiro Markus Vinicius Santos Lima Hyderabad Sanjeev Nimishakavi Madras S.Salivahanan New South Wales Stephen Joyce Tainan Mong-Fong Horng Victorian Abd-Krim (Karim) Seghouane Western Australia Douglas Chai 2018 Chapter Certifications Chapter Certifications 2018 Chapter Certifications (Term 2019-2022) Chapter Name Chapter Chair Boston Karen Panetta Rochester Raymond Ptucha Philadelphia Michael A. Mayor Oakland East Bay Ryan Goldhahn Phoenix Suren Jayasuriya Greece Athanasios Rontogiannis Lithuania Artūras Serackis Poland Piotr Samczyński South Brazil Vanessa Testoni Bangalore Venkatesh Babu Radhakrishnan Chengdu Qian He Gujaray Suman K. Mitra Kharagpur Pranab Kr Dutta Malaysia Syed A.R. Abu-Bakar Singapore Cao Hong Tokyo Joint Shoji Makino 2017 Chapter Certifications Chapter Certifications 2017 Chapter Certifications (Term 2018-2021) Chapter Name Chapter Chair Atlanta Alessio Medda Boise Ruthvik Vaila Bulgaria Todor Kouyoumdjiev Colombia Vacant Czechoslovakia Norbert Herencsar Estonia Tonu Trump Finland Konstantinos Drossos Italy Stefano Tubaro Republic of Macedonia Branislav D.
    [Show full text]
  • Memory and Identity Among Serbs and Croats
    From Organized Oblivion to Forced Remembering: Memory and Identity among Serbs and Croats (Paper presented at the International Symposium: “The Memory of Violence/Genocide: Its Meaning in the Process of Peace Building,” March 18, 2006, University of Tokyo, Tokyo) Marko Hajdinjak International Center for Minority Studies and Intercultural Relations (IMIR) Sofia, Bulgaria Introduction Control of information and of a shared, common memory is crucial if authoritarian regime wants to keep a society under its control. The authoritarian regimes thus consider it necessary to obtain a monopoly on such control and every alternative source of information and memory is seen as threatening to their rule. In extreme circumstances, such as war, this perception is maximally intensified and any memory which is not in tune with the official one is classified as treacherous. The Communist Party, which came to power in the former Yugoslavia after the World War II, created such official common memory. Although being to a large extent fabricated and tailored to serve the needs of the authorities, this memory was willingly adopted and shared by a majority of population of the former Yugoslavia regardless of their nationality. Among its many shortcomings, the most important was its inability to deal with the World War II ethnic hatred and killings in a constructive way instead of just brushing them under the carpet. The bloody ethnic war was presented as a conflict between the communist-led resistance, supported by all Yugoslav nations, and various military formations, collaborating with the occupying German army. Despite that, the official memory imposed on the people of Yugoslavia did manage to turn the “Brotherhood and Unity” myth into a widely accepted “truth”.
    [Show full text]