Consumer Transactions

2019 ◽  
pp. 320-341
Author(s):  
Zsuzsanna Vargha
Keyword(s):  
Lived Experience ◽  
Large Scale ◽  
Banking System ◽  
Neutral Carrier ◽  
Consumer Data

This chapter considers formal banking from the perspective of consumption, drawing on the sociology of money and finance and focusing on three aspects. First, it examines how transactions are organized in ways that keep consumers engaged in banking. It highlights the need to study the marketing and selling practices in finance and the lived experience of credit. Second, it shows how the assumed intermediary function of the banking system, as neutral carrier of impersonal funds, has been challenged by studies of financialization and discrimination, and substantively by fintech innovation. Third, the chapter turns to payments as a richly explored, yet neglected area of sociology, from closed informal circuits and the multiplicity of money forms to the large-scale infrastructural “rails” of finance. Finally, the chapter considers to what extent banking should increasingly be studied not as conveyor of finance but as an instrument of generating consumer data.

scholarly journals Massive and Microscopic Sensemaking During COVID-19 Times

2020 ◽  
pp. 107780042096247 ◽  
Author(s):  
Annette N. Markham ◽  
Anne Harris ◽  
Mary Elizabeth Luka
Keyword(s):  
Critical Pedagogy ◽  
Lived Experience ◽  
Large Scale ◽  
Ethic Of Care ◽  
Feminist Perspective ◽  
The Other ◽  
Self And Other ◽  
Planetary Scale ◽  
Making Sense ◽  
Ongoing Experiment

How does this pandemic moment help us to think about the relationships between self and other, or between humans and the planet? How are people making sense of COVID-19 in their everyday lives, both as a local and intimate occurrence with microscopic properties, and a planetary-scale event with potentially massive outcomes? In this paper we describe our approach to a large-scale, still-ongoing experiment involving more than 150 people from 26 countries. Grounded in autoethnography practice and critical pedagogy, we offered 21 days of self guided prompts to for us and the other participants to explore their own lived experience. Our project illustrates the power of applying a feminist perspective and an ethic of care to engage in open ended collaboration during times of globally-felt trauma.

Software Testing Strategy

2014 ◽  
Vol 6 (2) ◽  
pp. 23-36
Author(s):  
Fatma Molu
Keyword(s):  
Life Cycle ◽  
Large Scale ◽  
Critical Role ◽  
Real Life ◽  
Banking System ◽  
System Transformation ◽  
Financial Systems ◽  
Project Completion ◽  
Basic Features ◽  
Project Life

Complex financial conversion projects with large budgets have many different challenges. For companies that want to survive in conditions of tough competition, legacy (old) systems must continue to provide the required service throughout the project life cycle and in some circumstances even after project completion partly. In this case, the term coexistence comes into prominence. During this period, testing phase takes more critical role while integration systems' complexity and risk amount increase. Determining testing approach to use is essential to make sure both transformed and legacy systems provide service synchronously. In this paper, testing practices applied in the long conversion processes are discussed. Primarily, the basic features of the critical financial systems are addressed and then the main adoption methods in the literature are summarized. Then a variety of testing methodologies are presented depending on those adoption methods. These samples based on real-life experiences of transformation project. The most extensive example of real-time online financial systems is core banking systems. This paper covers the testing life cycle process of the large scale project of core banking system transformation project of a bank in Turkey.

scholarly journals DESTABILIZING EFFECTS OF BANK OVERLEVERAGING ON REAL ACTIVITY—AN ANALYSIS BASED ON A THRESHOLD MCS-GVAR

2017 ◽  
Vol 22 (7) ◽  
pp. 1750-1768 ◽  
Author(s):  
Marco Gross ◽  
Jerome Henry ◽  
Willi Semmler
Keyword(s):  
Regime Switching ◽  
Large Scale ◽  
Banking System ◽  
Real Activity ◽  
Vector Autoregressive ◽  
Joint Dynamics ◽  
Global Vector ◽  
Optimal Leverage ◽  
The Relationship ◽  
Activity Dependent

We investigate the consequences of overleveraging and the potential for destabilizing effects arising from financial- and real-sector interactions. In a theoretical framework, we model overleveraging and demonstrate how a highly leveraged banking system can lead to unstable dynamics and downward spirals. Inspired by models developed by Brunnermeier, Sannikov and Stein, we empirically measure the deviation-from-optimal-leverage for a sample of large EU banks. This measure of overleveraging is used to condition the joint dynamics of credit flows and macroeconomic activity in a large-scale regime change model: a Threshold Mixed-Cross-Section Global Vector Autoregressive (T-MCS-GVAR). The regime-switching component of the model is meant to make the relationship between credit and real activity dependent on the extent to which the banking system is overleveraged. We find significant nonlinearities as a function of overleverage. The farther the observed leverage in the banking system from optimal leverage, the more detrimental is the effect of a deleveraging shock on credit supply and economic activity.

scholarly journals Genetic Data Privacy Solutions in the GDPR

2019 ◽  
Vol 7 (1) ◽  
pp. 269-297 ◽  
Author(s):  
Kristi Harbord
Keyword(s):  
Data Privacy ◽  
Large Scale ◽  
Genetic Data ◽  
Health Data ◽  
Genetic Privacy ◽  
Private Companies ◽  
Privacy Concerns ◽  
Direct To Consumer ◽  
Consumer Data ◽  
Doctor's Office

The intersection of healthcare and technology is a rapidly growing area. One thriving field at this intersection involves obtaining, processing, and storing genetic data. While the benefits have been great, genetic information can reveal a great deal about individuals and their families. And the information that can be conveyed from genetic data appears limitless and is constantly growing and changing. Many entities have begun storing, processing, and sharing genetic data on a very large scale. This creates many privacy concerns that the current regulatory framework does not account for. The line between patient data and consumer data is blurred; many entities are interested in obtaining genetic data with varied interests. In the direct-to-consumer genetic testing market, consumers pay to send private companies their DNA samples in exchange for a trivial amount of information about their ancestry and health risks. But health data obtained and processed by a company are subjected to far less stringent privacy regulations than health data obtained and processed at a doctor’s office or hospital. This Comment summarizes some of the current genetic privacy problems in United States laws and examines the EU’s recently adopted GDPR for a possible solution. A GDPR-style regulation could provide more consistency, give individuals more control, and protect against future unknown uses.

scholarly journals UNCONVENTIONAL MEASURES OF MONETARY POLICY: EXPERIENCE OF THE FEDERAL RESERVE SYSTEM OF THE UNITED STATES

2017 ◽  
Vol 16 (3 (2017)) ◽  
pp. 341-364
Author(s):  
Oleksandr Dzyublyuk
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Federal Reserve ◽  
Large Scale ◽  
Banking System ◽  
The United States ◽  
Sustainable Growth ◽  
Unconventional Monetary Policy ◽  
Wide Range ◽  
Strategic Goals

The preconditions, causes and peculiarities of the global financial and economic crisis created the basis for the withdrawal of central banks from their traditional limited range of instruments of monetary influence on the economy and the transition to the active use of unconventional monetary policy measures. The Federal Reserve was the first central bank which used the unconventional measures of monetary policy as a key factor in overcoming the recession and bringing the US economy to a sustainable growth path. The traditional instruments of monetary regulation during the period of aggravation of financial crisis on the money markets turned out complete ineffective, that had the destructive consequences for the economy. That is why so important is the analysis of the reasons for this ineffectiveness and the necessity of use of unconventional instruments. The practical mechanism of using such unconventional instruments of the Fed includes such as large-scale asset purchases and FOMC’s forward guidance about intentions. And it is hard to underestimate the role of these tools in the withdrawal of the American economy from the state of recession. Also important are innovative credit policy programs that have been used by the Federal Reserve during the period of growing crisis, in terms of increasing the effective ness of its impact on the financial stabilization of the banking system, providing markets with liquidity and stimulating domestic demand. The use of unconventional monetary policy instruments aims to achieve a wide range of strategic goals that include not only price stability but also economic growth and low unemployment. Thus, based on the powerful influence of the Fed’s monetary policy on the dynamics of the main economic parameters, it is expedient to apply a dual mandate in formulating the strategic goals of the central bank.

Big Design

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Bertil LINDENFALK ◽  
Andrea RESMINI ◽  
Terence FENN ◽  
Jason HOBBS
Keyword(s):  
Lived Experience ◽  
Large Scale ◽  
The Other ◽  
Scale Transformation ◽  
Other Hand

Large-scale transformation projects have so far rather consistently embraced a dirigist, technicistic perspective. Their outcomes are on the other hand meant to be experienced by communities in a direct, engaged manner that is embodied, spatial and temporal. For processes meant to radically transform the lived experience of people, they have so far been strategically unconcerned with any human-centric view

Use of the Federal Reserve's repo operations and changes in dealer balance sheets

FEDS Notes ◽  
2021 ◽  
Vol 2021 (2961) ◽  
Author(s):  
Mark Carlson ◽  
◽  
Zack Saravay ◽  
Mary Tian ◽  
◽  
...  
Keyword(s):  
Financial Crisis ◽  
Large Scale ◽  
Banking System ◽  
Economic Downturn ◽  
Federal Funds ◽  
Federal Funds Rate ◽  
Balance Sheets ◽  
Asset Purchases ◽  
The 2008 Financial Crisis ◽  
Repurchase Agreements

Before the 2008 financial crisis, the Federal Reserve (Fed) regularly conducted repurchase agreements (repos) in a fairly modest size with primary dealers to adjust the supply of reserves in the banking system and to keep the federal funds rate at the target set by the FOMC. During the economic downturn that followed the financial crisis, the Fed engaged in large scale asset purchases in order to provide additional monetary accommodation, and those purchases significantly increased the supply of reserves and eliminated the need for the Fed to engage in repo operations to increase reserves in the system.

Persistent stigma despite social change: experiences of stigma among single women who were pregnant or mothers in the Republic of Ireland 1996–2010

2020 ◽  
Author(s):  
Ciara Bradley ◽  
Michelle Millar
Keyword(s):  
Social Change ◽  
Lived Experience ◽  
Large Scale ◽  
Single Women ◽  
Republic Of Ireland ◽  
Social Lives ◽  
Symbolic Resources ◽  
The Social ◽  
The Republic ◽  
Interpretive Method

‘Single’ women continue to experience stigma during pregnancy and mothering in the Republic of Ireland. This article explores the experiences of stigma of single women who were pregnant and mothering in Ireland between 1996 and 2010. The biographic narrative interpretive method (BNIM) was used to elicit biographical narratives. Analysis on both the lived experience of the women and the social context of the time created a ‘situated subjectivity’ in a sociocultural context. This article argues that despite large-scale positive social change before and during this period, single women’s pregnancy and motherhood continued to be to be stigmatised in Ireland. Women experienced this stigma in their everyday interactions. They negotiated stigma in their personal and social lives, employing strategies that drew on material and symbolic resources available to them. Social class, ethnicity and time were among factors that mediate the experience, but can also intersected in particular social locations to create a more stigmatised identity.

The World Economy

2008 ◽  
Vol 204 ◽  
pp. 9-14 ◽  
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
World Economy ◽  
Large Scale ◽  
Banking System ◽  
The Us ◽  
The World ◽  
English Speaking ◽  
English Speaking World ◽  
Mortgage Defaults

A financial crisis, rooted in US mortgage defaults, has been building for several years. Its effects have seriously damaged the prospects for the global economy, and have particularly serious consequences for the English speaking world. Unsound lending permitted by poor regulation and worsened by lax bankruptcy laws has led the US, and potentially the rest of the OECD, to the brink of a large-scale recession. The scale of the potential slowdown depends upon the scale of losses to the banking system and their impacts on the ability of the banking system to lend.

scholarly journals Exploring what the Notion of ‘Lived Experience’ Offers for Social Policy Analysis

2018 ◽  
Vol 48 (03) ◽  
pp. 449-467 ◽  
Author(s):  
IAN MCINTOSH ◽  
SHARON WRIGHT
Keyword(s):  
Social Policy ◽  
Policy Analysis ◽  
Lived Experience ◽  
Large Scale ◽  
Research Strategy ◽  
Good Time ◽  
Political Strategies ◽  
Personal Experiences ◽  
Embodied Subjectivity ◽  
Continued Use

AbstractIn this article, we suggest that social policy may be on the cusp of a large-scale adoption of the notion of lived experience. However, within social policy and allied disciplines, the growing use of the term ‘lived experience’ is unaccompanied by discussion of what it may mean or imply. We argue that now is a good time to consider what this term could mean for social policy analysis. The peculiarities of Anglo-centric usage of the broader term ‘experience’ are explored, before we identify and discuss several roots from which understandings of ‘lived experience’ as a concept and a research strategy have grown: namely, phenomenology, feminist writing and ethnography. Drawing on multiple historical and contemporary international literatures, we identify a set of dilemmas and propositions around: assumed authenticity, questioning taken-for-grantedness, intercorporeality, embodied subjectivity; political strategies of recognition, risks of essentialising, and immediacy of unique personal experiences versus inscription of discourse. We argue that lived experience can inform sharp critique and offer an innovative window on aspects of the ‘shared typical’. Our central intention is to encourage and frame debate over what lived experience could mean theoretically and methodologically within social policy contexts and what the implications may be for its continued use.

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