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This paper summarizes the experiences to date of the new EU countries (the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia—the EU8) in the reform of higher education systems in a period of growing demand; changing patterns of access; rapid expansion and increased participation rates; and an apparent dilution of average quality. The study discusses the growing experience with a variety of financing mechanisms in EU8 countries, drawing on detailed country case studies, and seeks to develop some useful lessons from experience, mindful that each country will continue to develop its own solution based on national priorities.

This study estimates student loan borrowers’ repayment burdens (RBs) in South Korea. Using data from the Survey Report on Labor Conditions by Employment Type and novel administrative records, we estimate life-cycle earnings profiles by income quantile through RIF regression. These estimates are then used to derive RBs for hypothetical borrowers under income-contingent loans (ICLs) and mortgage-type loans, and to evaluate RBs for actual ICL borrowers by matching them with estimated income profiles. The findings suggest that Korea’s student loan system plays a positive role in expanding access to higher education, particularly through ICLs. Many low-income students who benefited from ICLs are later found in the top income deciles. However, raising the repayment threshold irrespective of borrower income may delay repayment and reduce system efficiency. These results underscore the importance of aligning repayment rules with borrowers’ earnings trajectories to ensure both equity and the long-term sustainability of the loan system.

Although Anglicisms1 have been the subject of research for quite some time now, their definition in the literature sometimes tends to be somewhat inexplicit, and there are points of disagreement, especially regarding their classification and the distinction between their types. This paper advocates a uniform, consistent approach to defining loans (Anglicisms) and their typology in terms of an interplay between three criterial features which are transferred in, and thereby constitute, (lexical) borrowing: concept, model, and form. Their combination results in seven feature patterns or loan types (both mono- and bilingual), which the paper correlates and compares with standard categories of Anglicisms found in the literature and illustrates using examples from Czech

Although Anglicisms1 have been the subject of research for quite some time now, their definition in the literature sometimes tends to be somewhat inexplicit, and there are points of disagreement, especially regarding their classification and the distinction between their types. This paper advocates a uniform, consistent approach to defining loans (Anglicisms) and their typology in terms of an interplay between three criterial features which are transferred in, and thereby constitute, (lexical) borrowing: concept, model, and form. Their combination results in seven feature patterns or loan types (both mono- and bilingual), which the paper correlates and compares with standard categories of Anglicisms found in the literature and illustrates using examples from Czech.

This book is specifically designed for bank supervisors, some of whom may be looking for ways to devise a program of anti-money laundering/combating the financing of terrorism (AML/CFT) supervision. Others may have encountered difficulties in elements of their systems of supervision and are looking for alternatives. Supervisors may also come to recognize even more efficient ways to carry out AML/CFT supervision. The objective of this book is therefore to provide a \"how to\" reference for practitioners of financial regulation and supervision. The authors have attempted to conceive a practical guide, with the purpose of resolving strategic and operational supervisory issues. They cover the entire spectrum of supervision, ranging from supervision objectives to the design and carrying out of onsite and offsite inspection programs, and from cooperation with other domestic and international AML/CFT authorities to sanctions and enforcement. The international community recognizes that under-regulated or unsupervised entities have the potential to undermine confidence in financial markets and hamper economic recovery. Better transparency, enhanced oversight, and stronger cross border cooperation among regulators and supervisors in all areas of risks, including money laundering and terrorist financing, are necessary to ensure that financial institutions always remain sound, sustainable, and vigilant. This task is even greater during difficult times. La actual crisis financiera plantea muchos retos a todos los países y está teniendo un impacto significativo en las economías y las sociedades de todo el mundo. La necesidad de fondos puede reducir el control de las entidades financieras de la procedencia de dichos fondos perjudicándose la supervisión de las medidas de prevención del blanqueo de capitales y de la financiación del terrorismo (PBC/FT). Esta guía ayudará a los países a mejorar la supervisión de PBC/FT en el sector bancario. Está orientada a la aplicación de las normas internacionales establecidas por los órganos del Grupo de Acción Financiera entre otros: proporciona ejemplos de regímenes de supervisión de PBC/FT en países desarrollados y en desarrollo, describe la implementación de buenas prácticas en materia de supervisión y observancia de PBC/FT, y da consejos prácticos sobre cómo una determinada jurisdicción puede incorporar la PBC/FT en su régimen de supervisión. Aunque diseñada específicamente para los supervisores bancarios, la guía también será de interés para los lectores que trabajan en las áreas de finanzas, prevención de la corrupción, derecho, contabilidad y gestión empresarial.

This chapter reviews the main sources of funds with which to finance projects. It is important to keep in mind that the world capital markets have become more closely integrated over the past two decades. Also, the Euromarkets represent a truly international capital market. At different times, different capital markets provide funds on the most attractive terms. Also, new financial instruments, such as interest‐rate swaps and currency swaps, increase the array of financing alternatives available to a project. A project can borrow in one capital market, use these instruments to transform the characteristics of the loan, and possibly achieve a lower all‐in cost of funds than the project could obtain from one of the traditional sources of project‐type loans. These new instruments offer opportunities to recharacterize a debt obligation's interest rate or currency characteristics. Consequently, they have expanded the menu of financing alternatives available to a project.

This article presents the results of an April 1986 mail survey of small business firms in Cuyahoga County, Ohio, concerning the relationship with their commercial bank lending officer. The survey examined loan types and rates, types of collateral,and bank and officer characteristics. Results indicate that 1) secured lines of credit were the most common loan type, 2) the reputation of the bank was the most important characteristic, 3) personal guarantees were the most common collateral type, and forty small businesses rely heavily upon the expertise and support of their commercial lending officers the businesses would seldom change banks for a half percent rate advantage.

Crowdfunded microfinance provides financial resources to impoverished entrepreneurs across the globe based on online appeals describing the entrepreneur’s values and venture potential and is considered a key player in the ethical finance movement. Despite knowledge that the content of the appeals impacts funding success, little is known regarding the role of religious expression, which is common and consequential in socially-oriented contexts. We leverage role congruity theory to address a theoretical tension concerning the effects of religious expression on crowdfunded microfinance funding outcomes. Religious expression is associated with perceptions of trustworthiness, rule-following, and ethicality—qualities that would suggest an entrepreneur would likely avoid opportunist behavior and repay the loan. However, appeals to a higher power may be incongruent with the role of an entrepreneur to the extent that such expression communicates a lack of proactiveness and self-reliance. We use a two-study design to help resolve this tension. Our field study incorporating 253,130 loans from Kiva reveals that religious expression negatively influences funding, particularly for women. Our experiment using 1,795 individual loan assessments shows that the negative influence of religious expression is attenuated when individual lenders exhibit higher levels of religiosity. Post hoc analysis suggests campaigns can mitigate the negative impact of religious expression by being careful to also include aspects highlighting an entrepreneurial orientation. Overall, our work extends prior research suggesting that language tied to ethical or virtuous behaviors is generally not rewarded by lenders as using such language may make the applicant appear inconsistent with role of a stereotypical entrepreneur.

The global financial crisis has transformed the relationship between the International Monetary Fund (IMF) and the European Union (EU). Until the crisis, the IMF had not lent to EU member states in decades, but now the two organisations closely coordinate their lending policies. In the Latvian and Romanian programmes, the IMF and the EU advocated different loan terms. Surprisingly, the EU embraced 'Washington Consensus'-style measures more willingly than did the IMF, which much of the contemporary literature still portrays as an across-the-board promoter of orthodox macroeconomic policies. We qualify this stereotypical characterisation by arguing from a constructivist perspective that the degree of an organisation's autonomy from its members depends on the interpretation of its mandate. IMF staff viewed the Fund's technical mandate as an opportunity to react rather flexibly to the challenges of the latest crisis. By contrast, European Commission, as well as European Central Bank (ECB), staff interpreted the vast body of supranational rules as necessitating stricter adherence to economic orthodoxy. Thus, IMF lending policies were more flexible and, at least on fiscal issues, also less contractionary.

Introduction: Many Ayurvedic medicines have the potential for managing type 2 diabetes mellitus (T2DM), with previous systematic reviews demonstrating effectiveness and safety for specific Ayurvedic medicines. However, many of the reviews need updating and none provide a comprehensive summary of all the Ayurvedic medicines evaluated for managing T2DM. Objective: The objective of this systematic review was to evaluate and synthesize evidence on the effectiveness and safety of Ayurvedic medicines for managing T2DM. Inclusion criteria: Published and unpublished RCTs assessing the effectiveness and safety of Ayurvedic medicines for managing T2DM in adults. Methods: The JBI systematic review methodology was followed. A comprehensive search of sources (including 18 electronic databases) from inception to 16 January 2021 was made. No language restrictions were applied. Data synthesis was conducted using narrative synthesis and random effects meta-analyses, where appropriate. Pooled results are reported as mean differences (MD) with 95% confidence intervals (CI). Results: Out of 32,519 records identified from the searches, 219 articles were included in the systematic review representing 199 RCTs (21,191 participants) of 98 Ayurvedic medicines. Overall, in the studies reviewed the methodology was not adequately reported, resulting in poorer methodological quality scoring. Glycated hemoglobin (HbA1c) was reduced using Aegle marmelos (L.) Corrêa (MD -1.6%; 95% CI −3 to −0.3), Boswellia serrata Roxb. (−0.5; −0.7 to −0.4), Gynostemma pentaphyllum (Thunb.) Makino (−1; −1.5 to −0.6), Momordica charantia L. (−0.3; −0.4 to −0.1), Nigella sativa L. (−0.4; −0.6 to −0.1), Plantago ovata Forssk. (−0.9; −1.4 to −0.3), Tinospora cordifolia (Willd.) Hook.f. and Thomson (−0.5; −0.6 to −0.5), Trigonella foenum-graecum L. (−0.6; −0.9 to −0.4), and Urtica dioica L. (−1.3; −2.4 to −0.2) compared to control. Similarly, fasting blood glucose (FBG) was reduced by 4–56 mg/dl for a range of Ayurvedic medicines. Very few studies assessed health-related quality of life (HRQoL). Adverse events were not reported in many studies, and if reported, these were mostly none to mild and predominately related to the gastrointestinal tract. Conclusion: The current evidence suggests the benefit of a range of Ayurvedic medicines in improving glycemic control in T2DM patients. Given the limitations of the available evidence and to strengthen the evidence base, high-quality RCTs should be conducted and reported.