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1721. On Competition in the Banking Sector in Poland and Europe Before and During the Crisis

Author:
Małgorzata Pawłowska
Publication Date:
01-2015
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
In the past decades, the banking sector has come to be known in literature as the banking industry as it was geared to increasing profits, banks were growing, and banking products developed dynamically. It was believed that competition in the banking sector makes banks more efficient and stimulates financial innovation opening new markets. The financial crisis of 2007–2008 has sparked the interest of researchers and politicians in competition in the banking sector and its impact on the stability of the financial sector and overall economic growth. However, researchers cannot agree whether more competition improves or hinders stability. The paper is comprised of three sections and a summary. The first section discusses the concept of competition in the banking sector as well as measures of competition. The second section is a review of literature on competition in the banking sector and its determinants. The third section presents the results of research on competition in the EU, including my own research as well as other research. The paper concludes with a short summary. This publication was presented by Małgorzata Pawłowska during the 134th mBank-CASE Seminar "The global financial crisis: changes in competition in the banking sector in Europe, the role of regulation and intervention by governments and central banks".
Topic:
Financial Crisis, Finance, Economy, Global Financial Crisis, and Banks
Political Geography:
Europe, Poland, and European Union

1722. Will Belarus fully benefit from the Eurasian Economic Union?

Author:
Sierž Naŭrodski and Uladzimir Valetka
Publication Date:
06-2015
Content Type:
Policy Brief
Institution:
Center for Social and Economic Research - CASE
Abstract:
Eurasian Economic Union, an ambitious project intended to benefit the countries in the post-soviet zone, evokes questions about its future. Is pulling together regional cooperation and tightening its relationship with Russia beneficial to Belarus in the long run? Having analyzed the recent trends in trade, labor and capital flows, Sierž Naūrodski and Uladzimir Valetka shed light on the highly questionable nature of potential benefits the Union could bring to Belarussian economy within its current macroeconomic and institutional framework.
Topic:
Globalization, Economic growth, Regional Integration, and Trade
Political Geography:
Europe, Eurasia, and Belarus

1723. Full Issue: Emerging Domains of Security

Author:
Meg Guliford, Thomas McCarthy, Alison Russell, Michael M. Tsai, Po-Chang Huang, Feng-tai Hwang, Ian Easton, Matthew Testerman, Nikolas Ott, Anthony Gilgis, Todd Diamond, Michael Wackenreuter, Sebastian Bruns, Andrew Mark Spencer, Wendy A. Wayman, and Charles Cleveland
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
The theme of this special edition is “Emerging Domains of Security.” Coupled with previously unpublished work developed under a prior “Winning Without War” theme, the articles therein honor Professor Martel’s diverse, yet forward-leaning, research interests. This edition maintains the journal’s four traditional sections of policy, history, interviews, and current affairs. Our authors include established academics and practitioners as well as two Fletcher students, Nikolas Ott and Michael Wackenreuter. Each of the articles analyzes critical issues in the study and practice of international security, and our authors make salient arguments about an array of security-related issues. The articles are borne out of countless hours of work by FSR’s dedicated editorial staff. I deeply appreciate the time and effort they devoted to the publication of this volume. They are full-time graduate students who masterfully balanced a host of responsibilities.
Topic:
Security, Defense Policy, Intelligence, International Cooperation, International Law, History, Military Affairs, Counter-terrorism, Cybersecurity, Navy, Conflict, Space, Interview, Army, Baath Party, and Norms
Political Geography:
China, Iraq, Europe, Middle East, Taiwan, Germany, Asia-Pacific, Global Focus, and United States of America

1724. A 'Bastard' Feudal State: Governance by the Military Class in Late Medieval England

Author:
Andrew Mark Spencer
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
Two key facts about late medieval England: The kingdom had no standing army and was at war for most of the period between 1294 and 1485. Given these circumstances, it might seem ambitious to identify a role for the military of the time in a non-war environment. Nonetheless, this peacetime role existed, and created a state of preparedness that was crucial to success when the kingdom went to war. Under ‘bastard feudalism’ the leaders of the army, trained in war and incubated in a thoroughly military ethos and culture, through their efforts in domestic governance, provided the stability at home and the financial and material resources which were as vital to the victories of the Hundred Years’ War as the much better known and remembered archers of Crecy and Agincourt. This article will provide background into medieval military and landed society before tracing how the governmental role of this group increased alongside ‘bastard feudalism’ in response to the crown’s need to find the resources for war. It will then show how ‘bastard feudalism’ worked for king, nobles and gentry in tandem and how this, in turn, created experienced administrators who were able to support the war effort. ‘Feudalism’ is a term synonymous with the Middle Ages. The feudal pyramid, with the king at the apex, his nobles and knights beneath, and peasants on the bottom, will be familiar to readers from their school days. ‘Bastard feudalism’, on the other hand, is less well-known and usually has currency only in academic journals. Both are highly controversial terms among medievalists and some even deny the existence of one or the other, or both. Most historians, however, would accept that, in England at least, there was a gradual transition from feudalism—where the principal means by which the king or nobleman rewarded his followers was through a permanent grant of land—to ‘bastard feudalism’—where rewards were primarily paid in cash payments. Where historians do not agree, however, is on the timing, causes and results of such a change...
Topic:
War, History, Governance, Feudalism, and Middle Ages
Political Geography:
Europe and England

1725. Moving East and South: U.S. Navy and German Navy Strategy in the Eurasian Theater 1991- 2014, A View from Germany

Author:
Sebastian Bruns
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
The Cold War ended rather suddenly in 1991. With it went the model on which the United States’ maritime strategy of the 1980s had rested. Driven by individuals like John Lehman, President Ronald Reagan’s long-time Secretary of the Navy, that series of strategic documents promulgated a forward, offensive, counter-force approach and the famous ‘600-ship Navy’ force structure. With the formal dissolution of the Soviet Union on December 25, 1991, the sole challenger to U.S. naval power vanished practically overnight. Red Fleet warships were rusting away in port or dismantled altogether. In the United States, the military lost significant human capital through a number of force reduction rounds, which reflected how the U.S. Navy could and would take on the post-Cold War world intellectually. In the wake of this strategic recalibration, allied militaries and their navies—such as the Federal German Navy, soon to be renamed German Navy—also underwent substantial transformations. These were often guided by the shifting geopolitical landscape as well as the popular desire to reduce the inflated defense budgets of Cold War days in order to obtain a peace dividend. This analysis will focus on the Eurasian theater—very broadly speaking, the waters that surround the European and Southwest Asian landmasses[1]—in U.S. and German naval strategy between 1991 and 2014. The maritime sphere has become increasingly important as a domain of emerging security since the end of the Cold War, yet comparatively little time and resources are being devoted to research on naval strategy and relationships between allies at sea. As a result, the use of naval force for political and diplomatic ends and the dynamics of maritime geopolitics have suffered. This essay seeks to underline the challenges that have confronted the U.S. Navy in the past generation and analyze their long-term effects. While the U.S. Navy’s geographic focus and operational interests have increasingly shifted from Europe to the Middle East and Asia, and from control of the “blue water” high seas to the littorals, these key interests should not be overlooked. In the view of the author, the fall of the Soviet Union and the implication that allies like Germany would do more to patrol their own maritime neighborhood provided the U.S. Navy with a convenient reason to de-emphasize their previously highly valued naval hub in the Mediterranean Sea. In rebalancing from the Sixth Fleet area of responsibility (AOR) to other regions of the world, the U.S. Navy accepted the consequences for fleet design and ship numbers, perhaps willingly using it as a bargaining chip for force reduction rounds in Washington, D.C. Implicitly, European allies and the U.S. Air Force[2] were expected to fill the gap left behind in terms of naval presence and crisis response, in particular after the successful campaigns in the Adriatic Sea in responding to unrest and war in the Balkans. European allies, however, were largely uninterested in stepping up to the plate; they considered their near abroad safe enough. Most importantly, they were somewhat wary of delivering a combined ‘pocket Sixth Fleet’ of their own. Finally, they were preoccupied with managing German unification, enlargement of the European Union, and establishing a common market and currency, among other things. Accordingly, this paper sheds a light on some key German strategic documents for a time when the reunited country sought its new place in the security environment of the post-Cold War world. By taking a unique view from Germany, one of the U.S. Navy’s premier NATO allies, this analysis also considers the transformation of the Bundesmarine from an escort navy to an expeditionary navy.[3] It seeks to conceptually explain how Germany’s security policy addressed the maritime challenges of the new era. The German Navy was principally drawn south- and eastward geographically after 1991, usually in close cooperation with other allied and friendly navies (and mandated by NATO, the EU, or the UN).[4] It was increasingly asked to address maritime security challenges to which the U.S. Navy no longer, or only in a supporting role, responded. The German Navy went into the breach with what were essentially Cold War assets and a mindset fundamentally dominated by the inability to think strategically. This paper is split into two sections. The first section discusses the 1991-2001 timeframe and the second section covers the period from 2001-2014. 2001 marked the inauguration of President George W. Bush in January and the terrorist attacks on September 11 eight months later. Each section looks at the strategic developments of the U.S. Navy and the German Navy, their major naval operations, and some areas of cooperation between the two navies in Eurasia...
Topic:
Security, Cold War, History, Military Strategy, Navy, and Maritime
Political Geography:
Europe, Germany, North America, and United States of America

1726. Russia's Arctic: A Necessary Space for Dialogue

Author:
Andrew Yerkes
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
Over the weekend of November 21st, 2015, Russia flew 141 sorties over Syria, hitting 472 targets in eight different provinces throughout the country.[1] While the deployment of the Russian Air Force over Syria has been in full affect since last September, the events of November 20th proved to be unique. Two of the TU-160 blackjack bombers that participated in the weekend’s campaign took flight not from a base in southern Russia, but rather from Olenegorsk Airbase on the Kola Peninsula of the Russian Arctic.[2] The two bombers traveled southwest along the coast of Norway, skirting United Kingdom airspace, turning east through the straits of Gibraltar, and achieved their goal of firing cruise missiles on Syria from the eastern Mediterranean. After their mission was complete, they flew northeast over Iran and the Caspian Sea to their home base in Engles, Saratov Oblast, in Southern Russia.[3] In total, the flight lasted 16 hours, with the aircraft traveling 8,000 miles, while motivating Norway[4] and Britain,[5] among other nations, to scramble fighter jets in the process. Presumably, the Russians chose such a circuitous route along the edges of Europe to demonstrate its long range bombing capabilities. In doing so, the Russian Federation also showed the rest of the world that its capabilities might rival those of the United States, proving that Russia too could attack targets all throughout the world. This use of an Arctic airbase for active bombing missions also marks a turning point in history; not even during the Cold War did the Russians demonstrate Arctic-based military capabilities with such expansive reach.[6] While this mission did not focus on targets within the Arctic, the use of an Arctic base for active bombing missions draws attention to Russia’s military buildup in the region...
Topic:
Security, Defense Policy, Military Strategy, and Weapons
Political Geography:
Russia, Europe, Syria, Arctic, and United States of America

1727. The Realities and Challenges of Russia's Northern Sea Route

Author:
Lawson W. Brigham
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
The development of the Northern Sea Route (NSR)[1] across the top of Eurasia is tied directly to Arctic natural resources and the future economic security of the Russian Federation. This national Arctic waterway has two primary purposes: to maintain marine access in all seasons to the Russian North’s remote regions for an effective sovereign presence, security, law enforcement, and supply (to coastal communities and government outposts), and also to facilitate the movement of natural resources out of the Russian Arctic to global markets. It is the latter purpose, as a marine transportation corridor, that garners international attention and is linked firmly to the regional development of Siberian onshore and offshore resources. However, the NSR is unlikely to be a major global maritime trade route in the coming decades that will attract large numbers of container ships away from the Suez and Panama canals. Certainly plausible are niche markets, more limited but economically viable roles, between the Pacific and Europe where trans-Arctic voyages can be established and maintained on a seasonal (summer) basis. But the majority of the new Arctic marine traffic will plausibly sail on voyages along the NSR with bulk cargo ships, liquefied natural gas (LNG) carriers, and tankers carrying resources out of the region to European and Pacific-rim markets. The length of the NSR navigation season has yet to be established as it will be maintained in the future by a fleet of nuclear and non-nuclear escort icebreakers, several of which are being constructed today in Russia. According to Russian Arctic shipping experts, it is highly plausible the NSR will develop in future decades as a ‘seasonal supplement’ to the Suez Canal route.[2]... ​
Topic:
Security, Maritime Commerce, Natural Resources, and Economy
Political Geography:
Russia, Europe, Eurasia, Arctic, and North Sea

1728. Paris 2015: Terrorism, Climate Change, and the Politics of Securitization

Author:
Wilfrid Greaves
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
In the closing months of 2015, two separate events thrust the city of Paris into the epicentre of global security politics. On November 13th, the French capital was the site of a series of coordinated terrorist attacks. At least nine individuals claiming allegiance to the Islamic State in Iraq and Syria (ISIS) used suicide vests and assault weapons to target citizens and symbols of the Republic. The attacks, which took place in cafés, restaurants, the national soccer stadium, and a crowded music venue, killed more than 130 people and precipitated the largest state of emergency across France since the Second World War. Just two weeks later, the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) convened in Paris. The conference, known as COP21, was a pivotal moment in the global effort to reach a multilateral agreement on global climate change. The juxtaposition of terrorism and climate change, two of the most pressing security issues of our time, encapsulate the complex and intertwined nature of contemporary threats to global security. The political and normative implications of the November events in Paris demonstrate the intricacies of securitization theory, a “radically constructivist” approach to understanding the nature of security threats.[1] This theory provides a framework for understanding the process through which political issues are transformed into security issues, while offering a series of cautionary warnings about the adverse consequences of security discourse and practices within democratic societies. The application of securitization theory lends a unique understanding to both the terrorist attacks and popular engagement in the climate summit. This framework also clarifies the resulting trade-off between renewed securitization of terrorism and democratic mobilization at COP21.
Topic:
Security, Climate Change, Terrorism, and Counter-terrorism
Political Geography:
Europe, Paris, and France

1729. A Parochial Nexus? Crime and Terror in Europe

Author:
Colin P. Clarke
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
On November 5, 2015, authorities in the Molenbeek neighbourhood of Brussels, Belgium shut down Café del Beguines. The bar was frequently host to drug deals and other illicit activities, known to “[compromise] public security and tranquillity.”[1] The bar manager, Ibrahim Abdesalam, was one of the attackers involved in the Paris terror events in mid-November 2015. The attacks shook France and shocked the world, and at the year end, investigation of the events still posed many unanswered questions. French and international investigators have focused their efforts on exposing the source of funding for the attacks. Although an important part of any investigation, it must be understood that the funds necessary to plan and conduct attacks like these are minimal, often requiring less than $10,000[2] Unfortunately, terrorists have learned that small sums of money collected over time through the use of somewhat banal criminal activities can be effective, and even reliable, sources of funding.
Topic:
Security, Crime, Terrorism, and Counter-terrorism
Political Geography:
Europe, Middle East, and Spain

1730. The “Spirit Of Davos” Revisited: The Greco-Turkish Rapprochement And Its Effects On The Greeks in Turkey (1987-1989)

Author:
Asli Bilge
Publication Date:
06-2015
Content Type:
Journal Article
Journal:
Alternative Politics
Institution:
Department of International Relations, Abant Izzet Baysal University, Turkey
Abstract:
This article focuses in detail on the rapprochement period or the “Davos spirit” of the late 1980s, initiated by Turkey who was searching to rejuvenate its relations with the European Community. The aim is to shed light on the measures, appropriated by the government concerning especially property rights not fully known in details by the public. The utilitarian approach will be analysed closely in order to find out whether those measures were effective on the long run on the Greek minority.
Topic:
Diplomacy, Regional Cooperation, European Union, and Regional Integration
Political Geography:
Europe, Turkey, and Greece