Recursos de colección

Enlighten (144.728 recursos)

Enlighten is the University of Glasgow's institutional repository service for published research material including peer-reviewed journal articles, published conference papers,books and book chapters

Type = Research Report or Paper

Mostrando recursos 1 - 20 de 123

  1. University of Glasgow RCUK Open Access - Interim Compliance Report September 2017

    Donaldson, Mary; McCutcheon, Valerie
    No abstract available.

  2. Outcome of Complaints Research for the Care Inspectorate

    Simmons, Richard; Brennan, Carol; Gill, Chris; Hirst, Carolyn
    No abstract available.

  3. The Future of Ombudsman Schemes: Drivers for Change and Strategic Responses

    Gill, Chris; Williams, Jane; Carol, Brennan; O'Brien, Nick
    No abstract available.

  4. Models of Alternative Dispute Resolution: a Report for the Legal Ombudsman

    Gill, Christian; Williams, Jane; Brennan, Carol; Hirst, Carolyn
    No abstract available.

  5. Defining Consumer Ombudsman Schemes: a Report for Ombudsman Services

    Gill, Chris; Hirst, Carolyn
    No abstract available.

  6. Confusion, Gaps and Overlaps: a Consumer Perspective on the Current Alternative Dispute Resolution System for Disputes Between Consumers and Businesses

    Gill, Chris; Creutzfeldt, Naomi; Williams, Jane; O’Neill, Sarah; Vivian, Nial
    No abstract available.

  7. Planning Review Analysis of Written Evidence: Report

    Kevin Murray Associates,; University of Dundee,; Soaita, Adriana Mihaela
    In September 2015 the Scottish Government appointed a team led by Kevin Murray Associates, the University of Dundee and including Dr Ian Cooper of Eclipse Research Consultants, to undertake an analysis of the written evidence submitted to the Scottish Government's Planning Review on behalf of the independent review panel.

  8. Housing as a political paradigm: socialist legacies and postsocialist housing reforms in Eastern Europe

    Soaita, Adriana Mihaela
    No abstract available.

  9. Towards a better co-ordination of stakeholders in the project cycle of low-income housing in Romania: the role of architect and the Romanian Architects Order

    Soaita, Adriana Mihaela
    No abstract available.

  10. The costs and gains of homebuying

    Soaita, Adriana Mihaela
    No abstract available.

  11. Housing wealth and household welfare

    Soaita, Adriana M.; Searle, Beverley A.
    No abstract available.

  12. Young people: tenure choices and welfare

    Soaita, Adriana M.; McKee, Kim
    No abstract available.

  13. The case for property investment through privately rented homes

    Soaita, Adriana Mihaela
    No abstract available.

  14. A cluster analysis of path-dependent changes in the housing systems of the 11 post-communist EU states

    Soaita, Adriana Mihaela; Dewilde, Caroline
    No abstract available.

  15. A Framework for Extracting the Probability of Default from Stock Option Prices

    Takeyama, Azusa; Constantinou, Nick; Vinogradov, Dmitri
    This paper develops a framework to estimate the probability of default (PD) implied in listed stock options. The underlying option pricing model measures PD as the intensity of a jump diffusion process, in which the underlying stock price jumps to zero at default. We adopt a two-stage calibration algorithm to obtain the precise estimator of PD. In the calibration procedure, we improve the fitness of the option pricing model via the implementation of the time inhomogeneous term structure model in the option pricing model. Since the term structure model perfectly fits the actual term structure, we resolve the estimation bias...

  16. Credit Risk Contagion and the Global Financial Crisis

    Takeyama, Azusa; Constantinou, Nick; Vinogradov, Dmitri
    This paper investigates how the market valuation of credit risk changed during 2008-2009 via a separation of the probability of default (PD) and the loss given default (LGD) of credit default swaps ( CDSs), using the information implied by equity options. While the Lehman Brothers collapse in September 2008 harmed the stability of the financial systems in major industrialized countries, the CDS spreads of some major UK banks did not increase in response to this turmoil in financial markets including the decline in their own stock prices. This implies that the CDS spreads of financial institutions may not reflect all...

  17. Banks, Credibility and Macroeconomic Evolution after a Production Shock

    Vinogradov, Dmitri
    One of the important functions of financial intermediation is intertemporal risk smoothing. This paper studies the effects of a production shock in a closed economy and compares the abilities of market-based and bank-based financial systems in processing the shock. The analysis of the shock propagation indicates that a competitive banking system may collapse in absence of a proper regulation. Paradoxically, it is the credibility of banks that makes bank-based economies fragile. A necessary and sufficient condition for successfull bailout schemes is proposed.

  18. Destructive Effects of Constructive Ambiguity in Risky Times

    Vinogradov, Dmitri
    Unclear bailout policy, underinvestment and calls for bankers’ responsibility are some of the observations from the recent financial crisis. The paper explains underinvestment as an inefficient equilibrium. Under ambiguous bailout policy agents suffer from a lack of information with regards to the insolvency resolution methods. Beliefs of bankers regarding whether an insolvent bank is liquidated, may differ from those of depositors even if bankers and depositors possess absolutely symmetric information about the economy. It is shown that such an asymmetry in beliefs results in underinvestment if the investment climate is characterized by high aggregate risk. The paper suggests policy implications...

  19. Do CDS spreads reflect default risks? Evidence from UK bank bailouts

    Constantinou, Nick; Vinogradov, Dmitri; Takeyama, Azusa
    CDS spreads are generally considered to reflect the credit risks of their reference entities. However, CDS spreads of the major UK banks remained relatively stable in response to the recent credit crisis. We suggest that this can be explained by changes in loss given default (LGD). To obtain the result we first derive the probabilities of default from stock option prices and then determine the LGD consistent with actual CDS spreads. Our results reveal a significant decrease in the LGD of bailed out banks over the observed period in contrast to banks which were not bailed out and non-financial companies.

  20. Public-Private Partnerships as Collaborative Projects: Testing the Theory on Cases from EU and Russia

    Vinogradov, Dmitri; Shadrina, Elena
    Public-private partnerships (PPP) allow involvement of private parties in the provision of public goods. How does this differ from traditional public procurement? We view PPPs as collaborative projects with information frictions. Typical public procurement contracts tackle the problems of asymmetric information. However, not all projects are contractible; some are not profitable enough to ensure participation of the private partner. This is due, in part, to costly information verification, and in part to the profitability requirements of the private party. We demonstrate what specific features of a partnership can improve feasibility of projects, and thus both provide a justification of PPP...

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