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Full-Text Articles in Social and Behavioral Sciences
Australia: Financial Claims Scheme, Ezekiel Vergara
Australia: Financial Claims Scheme, Ezekiel Vergara
Journal of Financial Crises
Following the collapse of Lehman Brothers on September 15, 2008, the Australian government intervened in its own banking system, both to support domestic depositors and to keep its banking system competitive with those in countries whose regulators had already intervened. On October 12, 2008, the Australian government announced the Financial Claims Scheme (FCS) to insure bank depositors. The deposit guarantee automatically insured depositors at all authorized deposit-taking institutions and covered a range of deposit accounts. As initially announced, the FCS would provide a blanket guarantee to all depositors with no fee for participation. This blanket guarantee, however, prompted a migration …
Hyper-Peripheral Regional Evolution: The ‘Long-Histories' Of The Pilbara And Buryatia, Tom Barratt, Anton Klarin
Hyper-Peripheral Regional Evolution: The ‘Long-Histories' Of The Pilbara And Buryatia, Tom Barratt, Anton Klarin
Research outputs 2014 to 2021
In this article, we outline how evolutionary economic geography (EEG) explains peripheral economic development by comparing two peripheries over extended time periods. This comparison involves critically appraising EEG’s capacity to account for peripheral evolution. For geographical, historical, and political reasons, peripheries lack resources that lead to path creation and renewal. The hyper-peripheral regions of the Pilbara in north-west Australia and of Buryatia in south-east Russia provide excellent comparative case studies for understanding how peripheral regional development evolves in ways contingent upon time, state institutions, natural resource endowments, and region/firm dynamics. Our analysis shows that EEG is well equipped to deal …