https://www.um.edu.mt/library/oar/handle/123456789/46659 2026-04-15T05:25:06Z https://www.um.edu.mt/library/oar/handle/123456789/46682 Title: Financial services privatisation : two case studies Abstract: How Romania’s, and Estonia’s, financial services sectors moved towards, and through, their respective privatisation processes provides sharply contrasting scenarios. For a long time Romania’s following up of a promise made to the International Monetary Fund was simply an unimpressive record of dithering. By contrast, Estonia’s performance was a generally positive account, one which was based on norms and structures which were often comparable to those in advanced industrial countries. This paper examines in detail these two national experiences. Description: This document contains the Table of Contents, and Preface by Professor Dr. Stephen C. Calleya, Director MEDAC. 2018-08-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/46680 Title: The teaching of financial services regulation : a contextual view Abstract: This paper discusses issues and developments that relate to the teaching of bank regulation in tertiary institutions. It considers how course content, teaching texts, and methodology, can become subject to issues like specific, historical, and jurisdictional, cultures and contexts for the discipline. It considers how economic and political approaches impact such teaching. How banking regulations tools are used, and course structures are built, are matters which impinge on the type of trained personnel who later eventually leave academia and end up working on regulatory or compliance matters. 2018-08-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/46679 Title: The two sides of the Mediterranean : a discussion Abstract: This paper is a discussion of policy lock-in and lock-out in terms of how these exist and operate in the economic and political spheres of several of the Northern and Southern littoral countries of the Mediterranean. It describes the informal strategic bind that the EU finds itself in as it often ends up facing problems of others which are shunted on to it. Policy lock-in often includes a wide range of inter-related areas, as well as several forms of bias that impinge on both political and economic institutions. The paper also discusses the type of society that may be needed to handle policy lock-in, and this is considered in terms of social democratic liberalism and the necessity of a constantly learning society. Description: Notes about the author follow this article. 2018-08-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/46670 Title: The better regulation/governance nexus : a discussion Abstract: This paper proposes a reviewing discussion of the linkages between the concepts of better regulation and organisational governance. Both are considered in a context of the former having become an attempt (some would posit it as an exclusively EU—inspired one) to transcend many of the negative attributes of all other regulatory paradigms. After initially considering the general contextual ambient for all regulation, we then discuss the issue of to what extent should the state regulate, some aspects of the macroeconomic impact, and the regulatory components analysis which builds a causal chain in governance processes. We also consider some corporates’ behaviour in the general area of the regulation/governance nexus. 2018-08-01T00:00:00Z