Banking in a Digital Fiat Currency Regime

2019 ◽  
pp. 169-180 ◽  
Author(s):  
Rohan Grey
Keyword(s):  
Commercial Banks ◽  
Financial Regulation ◽  
Banking Industry ◽  
Social Function ◽  
Direct Access ◽  
System Efficiency ◽  
Credit System ◽  
The Public ◽  
Monetary Regime ◽  
Public Nature

This chapter explores the future of banking in a digital fiat currency (‘DFC’) regime, defined as a monetary regime in which retail and wholesale consumers have direct access to public digital checking and payments services, independent of the existing bank-centric depository system. I argue that in such a regime, existing banks will continue to perform the valuable social function of underwriting loans and evaluating collateral, even as their checking and payments processing functions will be rendered obsolete. Such a system would improve payments system resiliency, while addressing the safe asset shortage issues associated with insurance caps on bank deposit accounts. At the same time, a DFC regime would necessarily clarify the public nature of the existing credit system, wherein commercial banks are (inherently) entrusted to underwrite loans and subjectively evaluate collateral. Thus, digital fiat currency technology represents more than a mere improvement in payment system efficiency—it has the potential to transform the banking industry, simplify financial regulation, and recast our collective understanding of how money and banking work in the modern economy.

scholarly journals Effectiveness of forbearance measures for Russian commercial banks in the current crisis

2021 ◽  
Vol 2 (4) ◽  
pp. 103-115
Author(s):  
Olga Vinogradova
Keyword(s):  
Commercial Banks ◽  
Banking Industry ◽  
The Other ◽  
Current Crisis ◽  
The Public ◽  
Mortgage Interest ◽  
Real Gdp ◽  
Mortgage Interest Rate ◽  
The One ◽  
Insight Into

Due to the COVID-19 pandemic, real GDP of Russia is expected to fall by 4-6%. The banking industry provides liquidity to Russian business in times of hardship. On the one hand, the Bank of Russia facilitates lending opportunities for the business and subsidizes the mortgage interest rate for banks and the public in order to prevent business bankruptcies. And on the other hand, it provides liquidity to banks via REPO (repurchase agreement) auctions. Currently, there is not enough demand for REPO transactions from banks, but it might increase after other measures of support begin to be canceled. The article studies the effectiveness of current forbearance measures for Russian banks and provides an insight into the future development of the banking industry after the COVID-19 pandemic.

International Conference "Ecology. Human. Society"

2017 ◽  
Author(s):  
Daniel Benatov
Keyword(s):  
Educational Process ◽  
Direct Access ◽  
Human Society ◽  
Public Authorities ◽  
State Institutions ◽  
The Public ◽  
Market Participants ◽  
New Information ◽  
Training Courses ◽  
Process Element

Our conference is the first project of Student Science Association, which was restored in our University in 1998. The main peculiarity of the conference is the student organizing committee. The conference was attended by representatives of Russia, Belarus, Sweden, Poland, Bulgaria, Armenia, Azerbaijan, Czech Republic, Lithuania, Latvia, Georgia, Iran, not mentioning hundreds of Ukrainian participants. We’re happy with the fact that our conference allows students to discover new information, which they wouldn’t find in training courses manuals; contrariwise businesses and organizations can get direct access to young and qualified staff. We believe that events like our conference are useful for the young scientists and also for the public authorities and businesses. Conference "Ecology. Human. Society "is a part of feedback between universities and market participants. The conference has overgrown limits of being simple educational process element. Today, it is a serious recruiting resource for state institutions and businesses - an important part of a mutually beneficial dialogue.

Peranan Komisaris dan Direksi Bank Syariah dalam Pengelolaan Dana Zakat dan ISR (Islamic Social Responsibility) di Indonesia

2019 ◽  
Vol 14 (2) ◽  
pp. 95
Author(s):  
Melia Frastuti ◽  
Dimas Pratama Putra ◽  
Erfan Effendi
Keyword(s):  
Social Responsibility ◽  
Commercial Banks ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Islamic Banks ◽  
The Public ◽  
Islamic Bank ◽  
Positive Assessment ◽  
Nature Preservation

Abstract     Almsgiving is one of the pillars supporting the upholding of Islam as the obligation for the adherents to improve horizontal relations between fellow humans and strengthen vertical relations with Allah SWT. The implementation of Islamic Social Responsibility (ISR) of the Islamic Bank gives a positive assessment in sharia agreement, justice and equality, responsibility for work, welfare, guarantee of nature preservation and benevolent assistance that is not profit-oriented.Proper almsgiving management and ISR implementation make Islamic banks trusted by the public in terms of service quality, satisfaction and loyalty of Muzzaki. It reduces bad images, and provides relevant impacts on social welfare and the progress of the era. The data analysis used to test the hypotheses is Multiple Linear Regression analysis. The data is collected by distributing questionnaires to Commissioners and Directors at 14 (fourteen) Islamic Commercial Banks spread throughout Indonesia. The result of this study shows partially prove the role of Islamic bank commissioners in the amsgiving management only, while the importance of the role of directors in Islamic banks in almsgiving management and the implementation of ISR partially. Keywords: Islamic Bank, Commissioners, Directors, Almsgiving and ISR

Measurement of Vulnerability of Financial Portfolio of Sharia Commercial Banks by Cardona Method

2017 ◽  
Vol 9 (2) ◽  
pp. 109
Author(s):  
Paulina Harun ◽  
Atman Poerwokoesoemo
Keyword(s):  
Commercial Banks ◽  
Quantitative Research ◽  
Banking Sector ◽  
Banking Industry ◽  
Policy Makers ◽  
Factors Affecting ◽  
Section Data ◽  
Initial Stage ◽  
The Face ◽  
Asset Portfolio

his study aims to: (1) to know and analyze the extent of volatility (vulnerability) of sharia banking industry in Indonesia in the face of competition (2) to know and analyze factors affecting vulnerability of sharia commercial banks; (3) to know and analyze the extent of sustainable development of sharia banking industry to Indonesia's economic development.The research conducted to measure the vulnerability (volatility) of proto folio of syariah bank using observation period 2015, and the data used is cross section data. The research design used in this research is quantitative research, using asset dimension (asset portfolio, liability portfolio, equity portfolio) and stressor (pressure, including: credit risk, market risk, and liquidity risk).The activity plan of this research is: in the initial stage of conducting theoretical study related to the vulnerability related to banking especially BUS; The next step is to determine the asset and stressor dimensions associated with the BUS; Further determine the indicators related to assets and stressors; The next step performs calculations to determine the index of each BUS as well as the dimensions that affect the vulnerabilities faced by each BUS.Target expected outcomes can be generated from this research is: for the object of research (BUS) provide a solution for BUS to deal with and overcome the vulnerabilities encountered and policies that must be done. For policy makers, the results of this study are expected to provide input in decision-making and other policies.Measurement of vulnerability to be performed related to banking operations in the face of competition and the continuity of BUS in Indonesia. The outcomes of this study are expected to be included in Bank Indonesia journals, the selection of this journal is based on studies conducted in the banking sector, especially BUS in Indonesia.

The Public

2018 ◽  
Author(s):  
Robin Holt
Keyword(s):  
Jürgen Habermas ◽  
Self Presentation ◽  
The Public ◽  
Jurgen Habermas ◽  
Public Nature ◽  
Private And Public

The chapter continues to discuss the association of judgment and sovereignty using Franz Kafka’s story Das Urteil (The Judgment). It does so in order to then introduce the public nature of spectating and how this has been played out in the thinking of Jurgen Habermas concerning speech situations, and in Hannah Arendt’s writings on the polis. Rather than pitch the public in contrast to the private, the chapter suggests spectating plays on the binary in ways that enrich both. This coming together of the private and public is then woven into the understanding of strategic inquiry as an organizational forming of self-presentation.

scholarly journals Supervision of the Default Risk of Online Car-Hailing Platform from an Evolutionary Game Perspective

2021 ◽  
Vol 13 (2) ◽  
pp. 555
Author(s):  
Zhicheng Weng ◽  
Pinliang Luo
Keyword(s):  
Public Transportation ◽  
Default Risk ◽  
Control Mechanism ◽  
Evolutionary Game ◽  
Credit System ◽  
Credit Constraint ◽  
The Public ◽  
Supervision Mode ◽  
Public Transportation System ◽  
Internal Supervision

Online car-hailing services are becoming a key component of the public transportation system, despite there being some certain risks, especially default risk. Turning to the evolutionary game method, this research constructed an evolutionary game model of online car-hailing platform, and then analyzed the equilibrium state of three scenarios (i.e., no supervision, internal supervision of platform enterprises, and external supervision of regulators), followed by carrying out a simulation. The results showed that to realize the evolution stability strategies (ESS) of default risk control, a strong credit constraint or the establishment of a coordinated supervision mode with appropriate intensity are needed. On this basis, this research puts forward the coordinated “platform enterprise + regulator” supervision mode, as well as the following four specific strategies: Promoting the construction of a credit system, strengthening the construction of laws and regulations, establishing a service process control mechanism, and introducing innovative regulatory means.

FINANCIAL GLOBALIZATION OF THE WORLD ECONOMY

2017 ◽  
Author(s):  
Tamara Makukh ◽  
Keyword(s):  
World Economy ◽  
Financial Regulation ◽  
High Tech ◽  
Credit System ◽  
Early Effect ◽  
Economic Productivity ◽  
Total Debt ◽  
Long Run ◽  
The World ◽  
Debt Market

The article analyses the main trends in the world economy through the prism of the current global financial and credit system. Various forecasts for the development of the world economy were assessed and noted that they do not correspond to real trends and patterns. These forecasts cannot assess the conceptual principles of the structure of the financial and credit base of the economy. Such forecasting is carried out on the principles of the achieved indicators and the developed methods of estimation of disturbances in the financial markets. The specificity of the state of the debt market is indicated, which allows to develop the economy only by increasing the total debt obligations, which leads to a complete loss of profitability of debt securities. It is proved that no defaults and debt write-offs do not renew the economy; these instruments only restart the mechanism of holding the debt market. Such development is a direct consequence of liberal regulation and a departure from the full functions of money, which leads to a conceptual change in the paradigm of the financial system. The limitations of the dominant concept of the financial and credit system, which was based on the basic foundations of the Bretton Woods Conference, were revealed. Criteria for financial regulation of a market economy have been identified and substantiated, which have exhausted their effectiveness and do not guarantee an early effect, but are only immediate. It is noted that the global pandemic and financial infusions to overcome it are a tool for accumulating total debt in the long run. The primary measures for debt restructuring are indicated, namely the support of low-debt fundamental companies that will meet the objective basic needs of innovative companies. Factors of economic development are explained: growth of economic productivity, short-term and long-term credit cycles and political component. It is indicated that productivity determines the priority of society's development in the long run, and the element of its implementation is knowledge in the absence of political dictate, which will form a new financial and credit mechanism. High-tech knowledge is needed to ensure productivity development, so investing in education and knowledge without different dogmas can bring the world economy to a new level of efficiency.

Perceived competition in agricultural lending: stylized facts and an agenda for future research

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Todd Kuethe ◽  
Chad Fiechter ◽  
David Oppedahl
Keyword(s):  
Commercial Banks ◽  
Bank Lending ◽  
Future Research ◽  
Land Values ◽  
Credit System ◽  
Stylized Facts ◽  
Content Type ◽  
Loan Rate ◽  
The Individual ◽  
Survey Responses

PurposeThis study examines agricultural lending by commercial banks and the competition they face from the Farm Credit System (FCS) and non-traditional lenders, including merchants, dealers and other input suppliers.Design/methodology/approachWe construct a measure of commercial banks' perceived competition with FCS or non-traditional lenders using the individual responses to the Federal Reserve Bank of Chicago's Land Values and Credit Conditions Survey between 1999 and 2019. Through regression analysis of an unbalanced panel of survey responses, we present a number of stylized facts on the relationship between perceived competition and farm loan rate spreads, collateral requirements, loan delinquencies and expected lending volumes.FindingsOur analysis shows that the two sources of competition have very different effects on commercial bank lending terms, loan portfolio riskiness and expected loan volumes. With these results in mind, we offer a number of suggestions for future research.Originality/valueWe leverage the unique characteristics of the Land Values and Credit Conditions Survey to examine the competition with non-traditional lenders that cannot be observed using administrative data.

Citizen science and the public nature of climate action

2019 ◽  
Vol 42 (3) ◽  
pp. 176-195 ◽  
Author(s):  
Mark Groulx ◽  
LeeAnn Fishback ◽  
Amanda Winegardner
Keyword(s):  
Citizen Science ◽  
The Public ◽  
Public Nature ◽  
Climate Action

scholarly journals STRUKTUR, KATEGORI DAN FUNGSI SOSIAL UNGKAPAN LARANGAN MENGENAI CINTA, PACARAN, DAN MENIKAH DI KENAGARIAN TOBOH SIKALADI KECAMATAN SINTUK TOBOH GADANG KABUPATEN PADANG PARIAMAN

2018 ◽  
Vol 6 (2) ◽  
pp. 181
Author(s):  
Desy Murni MS ◽  
Yenni Hayati ◽  
Zulfadhli Zulfadhli
Keyword(s):  
Social Function ◽  
Human Environment ◽  
Projection System ◽  
Folk Beliefs ◽  
The Public ◽  
The Social ◽  
Social Expression ◽  
Three Stages ◽  
And Function ◽  
Phase Phase

This study aimed to describe the structure and function of social expression of a ban on love, dating, and married in Kenagarian Toboh Sikaladi Kecamatan Sintuk Toboh Gadang Kabupaten Padang Pariaman. The research is a qualitative study using descriptive methods. Background or where the study was conducted in Kenagarian Toboh Sikaladi Sintuk Toboh Tower District of Padang Pariaman district. The informants consist of one main informant and two supportive informants. Data were collected through three stages, namely observation, interview and recording techniques. After that, the data is analyzed by a data inventory phase, phase description of the structure and a social function, stage identifies the data, and reporting stage. Based on the results, it can be concluded that data about people's trust ban expression of love, dating, and married in Kenagarian Toboh Sikaladi Kecamatan Sintuk Toboh Gadang Kabupaten Padang Pariaman found as many as 53 expression. The structure of the people's trust in the public ban Kenagarian Toboh Sikaladi Kecamatan Sintuk Toboh Gadang Kabupaten Padang Pariaman is divided into two forms,ie expression of belief and expression structured two-part folk beliefs structured three parts.The phrase structured ban two parts are found as many as 45 expression, whereas expression of a structured three parts found eight expression. This study included into the category of folk beliefs surrounding human environment of love, courtship, and marriage. The social function of the people's trust ban expression in this research, strengthen religious emotion and conviction found as many as five expressions, fantasy projection system found 31 expression, educate found three expressions, prohibit found 13 expression, and had found a phrase.Keywords: social expression, local beliefs, prohibition

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