The deaths of millions from war, genocide, poverty and famine are symptomatic of a crisis that extends beyond site-specific failures of governance, culture or economies. Rather than reiterate standard critiques of capitalism, uneven development and inequality, this article probes and maps a shift in both the global economy and logic of capital that posits death as a central activity of value creation. “Crisis,” then, is more than an accidental failure or inconvenient side effect of either global economy or political reality, (...) but pivotal to both. Extending notions of biopower and necropolitics, I argue that, due to the extension of market logic, populations have been reconfigured and reconceptualized as “excess” - not only disposable but also fundamentally valued only in their negation. This devaluation of selected population is devalorization of living labor, thus creating a space for death as a generalized commodity, market and economic activity. Crucially, this shift exceeds the historic understandings... (shrink)

The objective of this research paper is to examine the impact of monetary policy conditions on bank risk-taking in the Western Balkan countries. The paper tries to identify if monetary policy conditions, especially money interest rates, may induce a greater appetite for bank risk-taking in the Western Balkan countries. The impact of macroeconomic and banking indicators on bank risk-taking will be examined, too. For this purpose, we apply pooled OLS techniques, Fixed and Random effects panel, and Hausman-Taylor Instrumental IV model. (...) The econometric results show a negative correlation between the monetary policy rate and bank risk-taking, rejecting the hypothesis that monetary policy rates indicate bank risk increase. However, expansive credit policies or loan portfolio growth have a positive impact on bank risk-taking in the Western Balkans. The study is original, and its findings will be of value to Central Banks and other policymakers in the Western Balkan countries. (shrink)