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81. Corporate debt securities market in Poland: state of art, problems, and prospects for development

Author:
Agnieszka Gontarek, Piotr Kowalski, and Tomasz Gałka
Publication Date:
09-2015
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
The development of the Polish corporate bonds market resulted from changes on the supply side. When the Lehman Brothers went bankrupt, Polish entrepreneurs realized that financing their companies’ operations only with the use of credit, even if contracted from different sources, might not be the best idea. Consequently, Polish business turned to debt instruments – said Piotr Kowalski, one of the keynote speakers during the mBank - CASE Seminar no. 136. In the publication, which is an extended and authorized version of presentations delivered during the abovementioned seminar, the authors discuss various aspects of the corporate debt securities market in Poland. Piotr Kowalski gives a synthetic presentation of the subject of the analysis, Agieszka Gontarek presents selected domestic regulations and factors, and Tomasz Gałka writes about selected consequences of excessive burdens.
Topic:
Debt, Business, Economic growth, Banks, and Trade
Political Geography:
Europe, Central Asia, Caucasus, Eastern Europe, and Poland

82. An assessment of direct and indirect liabilities of Polish banks AD 2015

Author:
Marek Radzikowski and Mieczysław Groszek
Publication Date:
08-2015
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
The present document is an attempt at a comprehensive analysis of direct and indirect burdens imposed upon banks in 2015. The idea to present such factors — which are often extremely varied in nature — in a single study was born out of the fact that these factors are often considered separately, on the basis of various criteria, which causes them to be split into different groups. This approach results in a fairly common tendency for fragmentary assessment of their impact and, more importantly, in the adoption of piecemeal regulations which fail to take into account the full impact of the actions taken in different areas. This applies in equal measures to supervisory authorities, regulators, analysts, policymakers and the media, which means that, in a somewhat oversimplified sense, the above statement is applicable to the public at large. This situation can be most succinctly characterised in the manner presented below. In the aftermath of the crisis, banks require a new set of instruments to regulate the functioning thereof. This is because they are to become more stable, safe, less risk-prone and more customer-friendly. Each of these areas requires a separate set of regulatory instruments, along with the respective subgroups thereof. Oftentimes they are not synchronised with each other and are usually aimed at the implementation of a specific, particular goal to an excessive extent. In addition, there are also “special tasks” such as the reform of the Credit and Saving Unions (SKOK).
Topic:
Finance, Economic growth, Banks, and Trade
Political Geography:
Europe, Central Asia, Caucasus, Eastern Europe, Poland, and European Union

83. Syria Calling: Radicalisation in Central Asia

Publication Date:
01-2015
Content Type:
Policy Brief
Institution:
International Crisis Group
Abstract:
Growing numbers of Central Asian citizens, male and female, are travelling to the Middle East to fight or otherwise support the Islamic State (IS, formerly ISIL or ISIS). Prompted in part by political marginalisation and bleak economic prospects that characterise their post-Soviet region, 2,000-4,000 have in the past three years turned their back on their secular states to seek a radical alternative. IS beckons not only to those who seek combat experience, but also to those who envision a more devout, purposeful, fundamentalist religious life. This presents a complex problem to the governments of Central Asia. They are tempted to exploit the phenomenon to crack down on dissent. The more promising solution, however, requires addressing multiple political and administrative failures, revising discriminatory laws and policies, implementing outreach programs for both men and women and creating jobs at home for disadvantaged youths, as well as ensuring better coordination between security services.
Topic:
Islam, Religion, Terrorism, and International Security
Political Geography:
Central Asia, Middle East, and Asia

84. Europe and Azerbaijan: The End of Shame

Author:
Gerald Knaus
Publication Date:
07-2015
Content Type:
Journal Article
Journal:
Journal of Democracy
Institution:
National Endowment for Democracy
Abstract:
The autocratic regime of President Ilham Aliyev in Azerbaijan has managed to steal the soul of Europe’s most important human rights institution, the Council of Europe. This article reveals Azerbaijan’s hidden agenda to neutralize the “naming and shaming” strategy of the international human-rights movement, build influence through “caviar diplomacy,” and unleash a wave of repression against human-rights defenders. For the Council of Europe, whose function is to defend the European Convention of Human Rights, to align itself with a regime jailing human-rights activists is unprecedented and deeply disturbing. As the space for human-rights organizations to operate is shrinking in many parts of the world today, the capture of the Council of Europe sends a warning to all supporters of human rights, and not only in Europe.
Topic:
Diplomacy, Human Rights, United Nations, and NGOs
Political Geography:
Europe, Central Asia, Caucasus, Asia, and Azerbaijan

85. Authoritarianism Goes Global (II): The Leninist Roots of Civil Society Repression

Author:
Anne Applebaum
Publication Date:
10-2015
Content Type:
Journal Article
Journal:
Journal of Democracy
Institution:
National Endowment for Democracy
Abstract:
In the early part of the twentieth century, the small group of revolutionaries who became the Russian Bolsheviks developed an alternative theory of civil society. Burke, Tocqueville, and even Russian intellectuals believed that civil society was fundamental to democracy; Lenin believed that the destruction of civil society was crucial to totalitarian dictatorship. But by attempting to control every aspect of society, totalitarian regimes would eventually turn every aspect of society into a potential source of dissent, as in the cases of Czechoslovakia and Poland. Yet in many other societies heavily influenced by Soviet ideology—those in Belarus, Central Asia, China, Cuba, parts of Africa, and much of the Arab world—those in power remain attached to the old Bolshevik idea that independent civic institutions are a threat to the state.
Topic:
Civil Society, Authoritarianism, Media, Repression, and Dictatorship
Political Geography:
Africa, China, Europe, Central Asia, Middle East, Asia, Cuba, North America, and Belarus

86. Central Asian Stances on the Ukraine Crisis: Treading a Fine Line?

Author:
Emilbek Dzhuraev
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Connections
Institution:
Partnership for Peace Consortium of Defense Academies and Security Studies Institutes
Abstract:
For over a year now, the crisis in and over Ukraine has been a stable fixture among the top issues of concern and deliberation internationally. The subject has become a point of polarized debate, with most contributions favoring one side or the other between the collective “West” and Russia. Similar to most trending debates, especially those as divided as this, the discussion has tended to simplify the issue by lumping everything into singular categories, be they “Russian imperialism,” “American conspiracy,” “Ukrainian fascism,” or “the new Cold War.” However, the matter is far more complex. This essay offers a mostly non-aligned analytical overview of the positions of five Central Asian countries on the subject. What these countries’ stances elicit is the complexity of the problem and the many-sided effects and challenges the involved and surrounding parties need to face, where it is far from obvious why a country takes this or that stance, or—even more tellingly—why it appears to vacillate. From such an overview, a number of more general conceptual rewards can be derived.
Topic:
Imperialism, Regional Cooperation, Military Strategy, and Armed Conflict
Political Geography:
Russia, Europe, Central Asia, Ukraine, Eastern Europe, and Asia

87. Strategic Implications of the War in Ukraine for the Post-Soviet Space: A View from Central Asia

Author:
Farkod Tolipov
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Connections
Institution:
Partnership for Peace Consortium of Defense Academies and Security Studies Institutes
Abstract:
The ongoing war in Ukraine is shaking the foundation of the already fragile Commonwealth of Independent States (CIS). After the separation of South Ossetia and Abkhazia from Georgia and the splitting of Pridnestrovye from Moldova, Russia’s annexation of Crimea and keeping Ukraine in a lasting crisis by tactics that “take on attrition,” Russia not only has fallen under international economic sanctions but also aroused suspicions about its neo-imperial syndrome among post-Soviet friends on Russia’s perimeter. Not only has the international community condemned Russia’s actions in Ukraine, but the intra-Commonwealth community has also been painfully strained by these actions. Paradoxically and ironically, such dramatic events are unfolding simultaneously with seemingly integrationist undertakings regarding the assemblage of the Euro-Asian Economic Union (EAEU). Both the war in Ukraine and creation of the EAEU have revealed the invalidity of the CIS and displayed the start of a new stage of restructuring and reformatting of what has been known as the post-Soviet space. How this space will be re-configured will have global geopolitical implications, as these processes are taking place on one sixth of the Earth – the vast geographical area that Tsarist Russia and the Soviets once proudly ascribed to themselves. Actually, the crisis of the CIS began right after its inception in 1991 when, in parallel, the then newly independent five Central Asian states decided to establish their own Commonwealth – CAC. Since then, different smaller commonwealths have coexisted alongside the CIS in the post-Soviet space, steadily undermining the construction of the CIS itself. The longer the war in Ukraine protracts, the more will Russia alienate Ukrainians and the more any integration around and with Russia will replicate the feigned CIS. Lately, Central Asia has been taking an unclear lesson from this geopolitical situation and is making an ambiguous strategic choice. This paper is devoted to the analysis of these aforementioned three focal points: the implications of the war in Ukraine for the CIS, Russia’s fault and the Central Asian countries’ reaction.
Topic:
Imperialism, Military Strategy, Armed Conflict, and EAEU
Political Geography:
Europe, Central Asia, Ukraine, Eastern Europe, and Asia

88. The transnational extension of a symbolic fight: how State knowledge on borders cross the State borders? | L’extension transnationale du domaine de la lutte symbolique : comment les savoirs d’État sur les frontières passent-ils les frontières de l’État ?

Author:
Médéric Martin-Mazé
Publication Date:
06-2015
Content Type:
Journal Article
Journal:
Cultures & Conflits
Institution:
Cultures & Conflits
Abstract:
Why does the EU promote the OSCE concept of border security in Kyrgyzstan while the OSCE export the EU Integrated Border Management in Tajikistan? To elucidate this paradox, this article lays bare the transnational symbolic struggle between two professional guilds: Finnish and Austro-Hungarian border guard contest for the monopoly over the legitimate definition of means of circulation in Europe, and beyond. In European headquarters, the Fins successfully occupy the forestage of the EU, thereby relegating their Austro-Hungarians competitors to the backstage of the OSCE. On the Central Asian fields, however, the former provide the assistance of the OSCE to Tajikistan, whereas the later deliver the aid of the EU to Kyrgyzstan. This chassé-croisé helps understand why the Tajik strategy of border reform incorporates key elements of the Schengen 4 tiers model, while the Kyrgyz strategy implicitly refers to the cooperative approach put forth by the OSCE.
Topic:
Security, European Union, and Borders
Political Geography:
Central Asia and Asia

89. Youth Mobilization and Political Constraints in Afghanistan

Author:
Noah Coburn and Anna Larson
Publication Date:
01-2014
Content Type:
Working Paper
Institution:
United States Institute of Peace
Abstract:
As Afghanistan prepares for presidential elections in 2014, many young people are vocal about how the system appears to limit their meaningful participation in politics. Historically, young people in Afghanistan have challenged the status quo. However, it is possible to detect a declining trend from the early twentieth century to the present in the extent to which these challenges have been able to effect change in the political system. This trend has continued despite the technology and social media available to youth today, as the older generation of political leaders continues to monopolize the available political space and act as gatekeepers to that space.
Topic:
Conflict Resolution, Democratization, Development, Youth Culture, and Reform
Political Geography:
Afghanistan and Central Asia

90. Afghanistan: the view from Russia

Author:
Józef Lang
Publication Date:
02-2014
Content Type:
Working Paper
Institution:
European Union Institute for Security Studies
Abstract:
Russia's current and foreseeable policy towards Afghanistan is multi-vectored, complex and shows, at times, signs of incoherence. Russia views developments in Afghanistan as a strategic challenge and is expressing growing concern over the country's prospects for stability after the withdrawal of ISAF forces by the end of 2014. Russian decision-makers fear that a security vacuum emerging after the withdrawal could destabilise Central Asia and have a negative impact on Russia itself. At the same time, Moscow is concerned with Western military presence in the region, which it regards as interference in its neighbourhood. At tactical level, Russia also sees the situation in Afghanistan as an opportunity to secure its interests both regionally (consolidating its influence in Central Asia) and more widely (in terms of its relations with NATO).
Topic:
Conflict Resolution, Security, Foreign Policy, Regional Cooperation, War, and Insurgency
Political Geography:
Afghanistan, Russia, and Central Asia