scholarly journals Sustainability and the financial system Review of literature 2015

2018 ◽  
Vol 23 ◽  
Author(s):  
N. G. Aspinall ◽  
S. R. Jones ◽  
E. H. McNeill ◽  
R. A. Werner ◽  
T. Zalk
Keyword(s):  
Resource Constraints ◽  
Relevant Literature ◽  
Academic Research ◽  
Financial System ◽  
Capital Allocation ◽  
Small Scale ◽  
Neutral Medium ◽  
Discount Factors ◽  
Monetary System ◽  
Primary Means

AbstractMuch actuarial work is underpinned by the use of economic models derived from mainstream academic theories of finance and economics which treat money as being a neutral medium of exchange. The sustainability of a financial system whose understanding is based on a limited view of the role of money has increasingly been subject to criticism. In order to identify needed research programmes to address such criticisms and improve these disciplines, we sought to understand the current state of knowledge in economics and finance concerning the link between monetary and financial factors and sustainability. We have approached this through a search for relevant literature published in the highest-rated academic journals in economics, finance and the social sciences for titles and abstracts containing both references to the financial system on the one hand, and sustainability and environmental factors on the other. The systematic search of a universe of 125 journals and 355,000 articles yielded the finding that surprisingly few research papers jointly address these concepts. Nevertheless, we find that current research shares a broad consensus that the implications of the growth-oriented economic model results in an increasingly interconnected and fragile financial system whose participants are not incentivised to fully recognise the natural environment and resource constraints. We further observe that the prescriptions offered are relatively limited and small-scale in their outlook and that there is a vital need for further research, particularly for actuaries who are required to take a longer-term outlook. The Resource and Environment Board has supported this work with two key objectives: first, to identify research that may have direct application to actuarial work and, second, to identify gaps in academic research that would help drive the Institute and Faculty of Actuaries’ own research agenda. With this in mind there are three further areas of potential actuarial research. These are the policy aim of pursuing growth without limit within a finite ecosystem; discount factors as the primary means of capital allocation and investment decisions; and the use of gross domestic product as the key metric of economic activity and success. We also conclude that further academic research is urgently needed to understand the sustainability of the banking and monetary system.

scholarly journals Research perspectives in ecodesign

2020 ◽  
Vol 6 ◽  
Author(s):  
Harrison Kim ◽  
François Cluzel ◽  
Yann Leroy ◽  
Bernard Yannou ◽  
Gwenola Yannou-Le Bris
Keyword(s):  
Large Scale ◽  
Relevant Literature ◽  
Academic Research ◽  
Global Scale ◽  
Small Scale ◽  
Environmental Aspect ◽  
Industrial Systems ◽  
Business Applications ◽  
Research Perspectives ◽  
Actual Design

Ecodesign has gained significant traction in recent years ranging from academic research to business applications at a global scale. Initial emphasis on the environmental aspect of design has evolved to include economic and social aspects, with projects ranging from small-scale products to large-scale industrial systems. In this paper, the authors re-analyse 10 of their major ecodesign research projects of the past ten years to identify five categories of challenges and promising future directions for ecodesign research. This paper is primarily a retrospective position paper based on the authors’ experience of actual design studies, providing also a relevant literature review and summary of design practices.

Information processing by elderly consumers: a five-decade review

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gianluigi Guido ◽  
Marco Pichierri ◽  
Cristian Rizzo ◽  
Verdiana Chieffi ◽  
George Moschis
Keyword(s):  
Information Processing ◽  
Design Methodology ◽  
State Of The Art ◽  
Relevant Literature ◽  
Academic Research ◽  
The Elderly ◽  
Marketing Strategies ◽  
Content Type ◽  
Processing Activity ◽  
Elderly Consumers

Purpose The purpose of this study is to review scholarly research on elderly consumers’ information processing and suggest implications for services marketing. Design/methodology/approach The review encompasses a five-decade period (1970–2018) of academic research and presents relevant literature in four main areas related to information processing: sensation, attention, interpretation and memory. Findings The study illustrates how each of the aforementioned phases of the information processing activity may affect how elderly individuals buy and consume products and services, emphasizing the need for a better comprehension of the elderly to develop effectual marketing strategies. Originality/value The study provides readers with detailed state-of-the-art knowledge about older consumers’ information processing, offering a comprehensive review of academic research that companies can use to improve the effectiveness of their marketing efforts that target the elderly market.

scholarly journals Improvement of Biogas Quality and Quantity for Small-Scale Biogas-Electricity Generation Application in off-Grid Settings: A Field-Based Study

Energies ◽  
2021 ◽  
Vol 14 (11) ◽  
pp. 3088
Author(s):  
Henry Wasajja ◽  
Saqr A. A. Al-Muraisy ◽  
Antonella L. Piaggio ◽  
Pamela Ceron-Chafla ◽  
Purushothaman Vellayani Aravind ◽  
...  
Keyword(s):  
Electricity Generation ◽  
Relevant Literature ◽  
Electrical Power ◽  
Process Efficiency ◽  
Electricity Production ◽  
Small Scale ◽  
Buffer System ◽  
Biogas Plants ◽  
Operational Practices ◽  
Pre Treatment

Small-scale electrical power generation (<100 kW) from biogas plants to provide off-grid electricity is of growing interest. Currently, gas engines are used to meet this demand. Alternatively, more efficient small-scale solid oxide fuel cells (SOFCs) can be used to enhance electricity generation from small-scale biogas plants. Most electricity generators require a constant gas supply and high gas quality in terms of absence of impurities like H2S. Therefore, to efficiently use the biogas from existing decentralized anaerobic digesters for electricity production, higher quality and stable biogas flow must be guaranteed. The installation of a biogas upgrading and buffer system could be considered; however, the cost implication could be high at a small scale as compared to locally available alternatives such as co-digestion and improved digester operation. Therefore, this study initially describes relevant literature related to feedstock pre-treatment, co-digestion and user operational practices of small-scale digesters, which theoretically could lead to major improvements of anaerobic digestion process efficiency. The theoretical preamble is then coupled to the results of a field study, which demonstrated that many locally available resources and user practices constitute frugal innovations with potential to improve biogas quality and digester performance in off-grid settings.

Currency Internationalization and Reforms in the Architecture of the Monetary System: the case of Digital Yuan

2021 ◽  
Vol 40 (1) ◽  
Author(s):  
Zhi Ji ◽  
George Abuselidze ◽  
Valeriia Lymar
Keyword(s):  
Financial System ◽  
The State ◽  
Chinese Government ◽  
Security Technology ◽  
Digital Currency ◽  
Negative Results ◽  
Monetary System ◽  
The Government ◽  
Financial Transactions ◽  
Global Financial System

In the paper, the authors prove that the application of the Chinese currency in the less developed regions reveals that the Chinese Yuan, despite its limited turnover, can replace the national currency. The following positive and negative results on the global financial system are highlighted promoting the internationalization of the digital Yuan: ensuring and unlimited transparency of the government and visibility of internal financial transactions; transparency of all offshore financial transactions within a country as well as of non-resident users; providing a framework for the global financial system and controlling the monetary policies of regional economies that have actively adopted the Yuan. The paper analyses that the strategy of the Yuan internationalization was implemented through the mechanism of the currency swap agreements with central banks of different countries, respectively, the growing international application of the Yuan gradually stimulated the creation of the „Yuan zone". It is proved that the Yuan internationalization has become a part of the state strategy of the Chinese government in transition to a new type of economic growth, so the digital Yuan should eventually replace cash and will become the main innovation in the global financial system since the appearance of digital currency. According to the conducted research, it is shown that the main technology of the state digital currency of China accommodates security technology, transaction technology, and reliable guarantee technology. The system of Digital Currency, Electronic Payment - DCEP includes a digital currency tracking method system and a digital currency management system based on certain conditions. Launch conditions include terms of economic conditions, interest rate terms of the loan, the terms of the subject flow, and time conditions.

scholarly journals MEKANISME TRANSMISI SYARIAH PADA SISTEM MONETER GANDA DI INDONESIA

2009 ◽  
Vol 11 (4) ◽  
pp. 345-367
Author(s):  
Aam Slamet Rusydiana
Keyword(s):  
Monetary Policy ◽  
Positive Impact ◽  
Financial System ◽  
Transmission Mechanism ◽  
Real Economy ◽  
Strategic Action ◽  
Vector Error Correction ◽  
Monetary System ◽  
Vector Error ◽  
The Relationship

The transmission mechanism of monetary policy has been an area of abundant economic researchin many countries. The financial system links monetary policy and the real economy. Thus, events ortrends that affect the financial system can also change the monetary transmission mechanism. This studytries to analyze shariah transmission mechanism in Indonesian dual monetary system, using Vector AutoRegression (VAR) and Vector Error Correction Model (VECM) methods.Results show that the relationship between SWBI (SBI Shariah) and shariah financing (LNFINCG) isnegative. It means, when SWBI be higher, the quantity of shariah financing would be lower. And so do SBI and inflation (LNIHK). When the total of shariah financing be increase, it will gives positive contributionfor reducing inflation rate in Indonesia, because with this system possibility to make equal growth among monetary and real sectors appears. Therefore, it will be strategic action for monetary authority to grow up shariah banking share in Indonesia, for minimizing "bad inflation" in economy. Other recommendation, SWBI as shariah monetary instrument should be reconsidered to achieve positive impact for real sector.

scholarly journals Faculty Perceptions Of Resource Constraints In Business Academic Research

2011 ◽  
Vol 1 (1) ◽  
Author(s):  
Douglas P. Dotterweich ◽  
Sharon Garrison
Keyword(s):  
Business School ◽  
Resource Constraints ◽  
Faculty Perceptions ◽  
Academic Research ◽  
Faculty Members ◽  
Research Support ◽  
School Faculty ◽  
Faculty And Administrators ◽  
Near Future ◽  
Type Of School

Administrators and faculty are grappling with the relative importance of teaching and research by professors in higher education. While various opinions exist, both faculty and administrators will likely agree that research will remain prominent in the near future. Faculty frustration can result from inadequate support for research. A national survey of business school faculty examines support adequacy by type of school. Of the ten categories of research support studied, six are receiving less than adequate support. Administrators who allocate their limited research budgets based on the findings of this study will likely remove many of the obstacles their faculty members face in meeting the research objectives of their institutions.

The Rise of Sovereign Wealth Funds

2013 ◽  
Author(s):  
Gordon L. Clark ◽  
Adam D. Dixon ◽  
Ashby H. B. Monk
Keyword(s):  
Relevant Literature ◽  
Financial System ◽  
Institutional Innovation ◽  
Sovereign Wealth Funds ◽  
Volatility Risk ◽  
Form And Function ◽  
Nation States ◽  
The Social ◽  
And Function ◽  
Global Financial System

This chapter provides an introduction to the formation and development of sovereign wealth funds (SWFs) around the world. Its argument is largely about form and function, emphasizing the functions that SWFs provide for nation-states in the context of the global financial system. The purpose here is to classify and explain the rise of SWFs, making links to the relevant literature in the social sciences on institutional innovation and change. It also emphasizes the importance of SWFs as an institutional innovation consistent with and drawing legitimacy from fundamental changes in the global financial system that have prompted governments to seek ways of managing their “place” in a system subject to considerable volatility, risk, and uncertainty.

8. The Evolution of the International Monetary and Financial System

2016 ◽  
Author(s):  
Eric Helleiner
Keyword(s):  
Exchange Rate Regime ◽  
Financial System ◽  
Late Nineteenth Century ◽  
United States Dollar ◽  
Bretton Woods ◽  
Monetary System ◽  
Floating Exchange Rate ◽  
Post War ◽  
The Stability ◽  
Monetary Order

This chapter examines the evolution of the international monetary and financial system since the late nineteenth century. It first considers how changing political circumstances, both internationally and domestically, during the interwar years undermined the stability of the globally integrated financial and monetary order of the pre-1914 period. It then looks at the Bretton Woods monetary system created in 1944 for the post-war period, along with the causes and consequences of challenges to the Bretton Woods order which have emerged since the early 1970s with the globalization of financial markets, the collapse of the gold standard, and the move to a floating exchange rate regime among the major economic powers. The future of the United States dollar is also assessed.

1. Banks in the Financial System

2018 ◽  
Author(s):  
Ross Cranston ◽  
Emilios Avgouleas ◽  
Kristin van Zweiten ◽  
Theodor van Sante ◽  
Christoper Hare
Keyword(s):  
Financial Stability ◽  
Regulatory Networks ◽  
Financial System ◽  
Capital Allocation ◽  
Bank Supervision ◽  
System P ◽  
The Us ◽  
Regulatory Coordination ◽  
Definition Of

This chapter explains the economic functions and organizational structure of contemporary banking. It first discusses the role of banks in the economy, offering a brief account of the role of the financial system in capital allocation and risk management as well as key bank functions in this respect. It then details the rise and fall of the multifunctional bank in the era of globalization, and the different aspects of the too-big-to-fail bank problem and its possible causes. It explains the international nature of bank regulation and the standard-setting and regulatory coordination provided by key transnational regulatory networks such as the Basel committee on Bank Supervision and the Financial Stability Board; discusses the legal definition of the term ‘bank’ in the US and of ‘credit institution’ under EU legislation; advances a new understanding of what the term ‘bank’ means in the post-2008 era.

Wellness tourism: a perspective article

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sergey Kazakov ◽  
Olga Oyner
Keyword(s):  
Relevant Literature ◽  
Academic Research ◽  
Well Being ◽  
Future Research ◽  
Content Type ◽  
Tourism Studies ◽  
Wellness Tourism ◽  
Research Questions ◽  
Research Stream ◽  
Economic Well Being

Purpose This paper aims to examine the development and significant contributions in a growing array of relevant publications spanning from 1946 to date and discuss future developments of the wellness tourism topic until the year 2095. Design/methodology/approach This perspective study traces down the wellness tourism evolution research by re-viewing and analysing an extant body of the relevant literature over the last 75 years. This paper builds a rigorous perspective review by examination of publications derived from several scientific domains, including tourism, medicine, economics and social sciences. Findings As a result of this study, wellness tourism can be attributed as a profuse and proliferating research stream in the recent 75 years. Its relevance to significant aspects of life, such as health and also due to effects on human, social, and economic well-being, drives its proliferation. The paper anticipates the relevance and topicality of wellness tourism studies for academic research in the next 75 years. Originality/value This paper contributes to the theory by addressing the ambiguous nature of wellness tourism, recapping the debate on the most debated research questions, and revealing the perspectives for future research in this area.

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