The Experts below are selected from a list of 360 Experts worldwide ranked by ideXlab platform
Josef Korte - One of the best experts on this subject based on the ideXlab platform.
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Catharsis the real effects of bank insolvency and resolution
Journal of Financial Stability, 2015Co-Authors: Josef KorteAbstract:Abstract This paper analyzes the impact of rules-based bank insolvency resolution on real economic growth. Resolving insolvent banks can positively affect the real economy by overcoming moral hazard problems and improving banks’ credit allocation and monitoring. We propose a new indicator to measure the strength of ‘Catharsis’, i.e., how strictly banks are resolved, and use a large firm-level dataset to test its effect. We find that a relatively stronger implementation of bank resolution rules has a statistically and economically significant positive effect on firm growth – particularly with respect to firms that are structurally more dependent on bank financing. Our findings are robust to various specifications. Investigating the transmission channels of this ‘Catharsis effect’ reveals that it essentially works by means of benefiting higher quality firms (quality channel) and reallocating credit to firms that need it most (quantity channel). Additional analysis suggests that the ‘Catharsis effect’ works best in banking systems that offer access to international financing because such access mitigates the potentially negative credit supply effects of liquidating insolvent banks. Taken together, our findings indicate that more attention should be focused on developing incentive-compatible bank resolution regimes.
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Catharsis the real effects of bank insolvency and resolution
Social Science Research Network, 2013Co-Authors: Josef KorteAbstract:In general, banks play a growth-enhancing role for the real economy. However, distorted incentives for banks, depositors, and regulators in connection with bank insolvency may corrupt banks' credit allocation and monitoring decisions, and may lead to suboptimal real economic outcomes. A rules-based prompt resolution regime for insolvent banks may reestablish the incentive system and facilitate economically superior credit allocation and monitoring. We test the hypothesis that regulatory insolvency has a cathartic effect using a large firm-level dataset and proposing a new indicator to measure the strength of Catharsis. Employing an instrumental variable setup and an interaction approach, we attempt to overcome concerns about causality and potential endogeneity which are usually inherent to research into the real economic implications of bank regulation. We find a comparably stronger implementation of a hypothetical positive capital closure rule to have a positive and statistically as well as economically significant effect on individual firm growth - particularly for firms that are structurally more dependent on bank financing. Our findings are robust to various specifications. By investigating the transmission channels of the ‘Catharsis effect’, we find that it essentially works through benefiting higher quality firms and reallocating credit to firms that need it most. Additional analysis suggests that the 'Catharsis effect' works best in open banking systems that offer access to international finance and, hence, mitigate the potentially negative credit supply effects of insolvent bank liquidation. Taken together, our findings advocate for more attention being given to incentive-compatible bank resolution regimes.
Wiktor Czernianin - One of the best experts on this subject based on the ideXlab platform.
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Catharsis in poetry therapy
Polish Journal of Applied Psychology, 2013Co-Authors: Wiktor CzernianinAbstract:I. 1. How poetry arises; I. 2. How poetry heals – Catharsis ; II. Catharsis in Poetry Therapy oriented toward therapeutic effect; III. Catharsis in Poetry Therapy oriented toward moral ‘purifi cation’; IV. Catharsis in Poetry Therapy oriented toward mystical experience; V. Catharsis in Poetry Therapy oriented toward strictly aesthetic experience; VI. Catharsis in Poetry Therapy oriented toward strictly hedonistic pleasure; VII. Ending.
Brad J Bushman - One of the best experts on this subject based on the ideXlab platform.
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does venting anger feed or extinguish the flame Catharsis rumination distraction anger and aggressive responding
Personality and Social Psychology Bulletin, 2002Co-Authors: Brad J BushmanAbstract:Does distraction or rumination work better to diffuse anger? Catharsis theory predicts that rumination works best, but empirical evidence is lacking. In this study, angered participants hit a punching bag and thought about the person who had angered them (rumination group) or thought about becoming physically fit (distraction group). After hitting the punching bag, they reported how angry they felt. Next, they were given the chance to administer loud blasts of noise to the person who had angered them. There also was a no punching bag control group. People in the rumination group felt angrier than did people in the distraction or control groups. People in the rumination group were also most aggressive, followed respectively by people in the distraction and control groups. Rumination increased rather than decreased anger and aggression. Doing nothing at all was more effective than venting anger. These results directly contradict Catharsis theory.
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Catharsis aggression and persuasive influence self fulfilling or self defeating prophecies
Journal of Personality and Social Psychology, 1999Co-Authors: Brad J Bushman, Roy F Baumeister, Angela D StackAbstract:Does media endorsement for Catharsis produce a self-fulfilling or a self-defeating prophecy? In Study 1, participants who read a proCatharsis message (claiming that aggressive action is a good way to relax and reduce anger) subsequently expressed a greater desire to hit a punching bag than did participants who read an antiCatharsis message. In Study 2, participants read the same messages and then actually did hit a punching bag. This exercise was followed by an opportunity to engage in laboratory aggression. Contrary to the Catharsis hypothesis and to the self-fulfilling prophecy prediction, people who read the proCatharsis message and then hit the punching bag were subsequently more aggressive than were people who read the antiCatharsis message.
Elizabeth A Sullivan - One of the best experts on this subject based on the ideXlab platform.
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emotional Catharsis and aggression revisited heart rate reduction following aggressive responding
Emotion, 2008Co-Authors: Edelyn Verona, Elizabeth A SullivanAbstract:The authors tested two components of the Catharsis theory of aggression: physiological tension reduction and aggressive drive reduction. On the basis of work in the stress-aggression literature, they also examined the moderating effect of impersonal stress exposure on cathartic reductions in heart rate following aggressive responding. Participants were instructed to administer nonaggressive (correct button) or aggressive (shock button) responses to a frustrating confederate in a laboratory aggression paradigm, and half the participants were exposed to an impersonal stressor (aversive air blasts) during the procedure. Heart rate was recorded before and after the participants administered the aggressive or nonaggressive response. Analyses revealed that participants exhibited reductions in heart rate following aggressive but not nonaggressive responding, but this was the case only for those not exposed to the impersonal stressor. Heart rate reductions during the experimental blocks actually predicted the most intense aggression in a subsequent block of trials. The results are considered in light of different theories of aggression by J. E. Hokanson (1974) and L. Berkowitz (1990) and have implications for interventions with anger-prone individuals.
Yenna Salamonson - One of the best experts on this subject based on the ideXlab platform.
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debriefing as a form of reflection and Catharsis for researchers
Nurse Researcher, 2016Co-Authors: Lucie M Ramjan, Kath Peters, Ariana C Villarosa, Claire Curmi, Yenna SalamonsonAbstract:Background The collection of sensitive data can arouse emotional reactions and researchers may have difficulty distancing themselves from personal stories. Debriefing can address the emotional effect of an experience on researchers. Aim To explore the debrief responses of three research assistants who were involved in the review of retrospective charts and medical notes in a study that examined the risk factors for readmission in young people with anorexia nervosa. Discussion Based on a review of the responses, the principal research team reflected on the value and effectiveness of a debrief tool for research assistants entering sensitive quantitative data. The paper highlights these reflections. Conclusion The use of an electronic debrief tool, while not without its challenges, provides an opportunity for individual reflection and a platform for emotional release for researchers engaged in sustained and intensive collection of sensitive data. This type of tool may serve as a guide for research teams and assist them in monitoring the well-being of those collecting sensitive data. We also advocate that a debriefing tool may contribute to closure for research assistants who become emotionally invested and affected by meticulous quantitative data entry. Implications for practice This paper provides recommendations for future use of an electronic debrief tool for researchers collecting sensitive data.