Financial Innovation and the Role of Derivative Securities: An Empirical Analysis of the Treasury STRIPS Program

2000 ◽  
Vol 55 (3) ◽  
pp. 1415-1436 ◽  
Author(s):  
Mark Grinblatt ◽  
Francis A. Longstaff
2000 ◽  
Author(s):  
Erika Felix ◽  
Anjali T. Naik-Polan ◽  
Christine Sloss ◽  
Lashaunda Poindexter ◽  
Karen S. Budd

2019 ◽  
pp. 39-54
Author(s):  
Marco Ieva ◽  
Cristina Ziliani

Customer Experience develops through a journey of touchpoints. However, little is known on the role of touchpoints in contributing to customer loyalty, which is the final aim of Customer Experience Management. This study provides an examination of the relative and moderating role of frequency and positivity of exposure to more than twenty touchpoints and their interplay in contributing to customer loyalty. An online survey on more than three thousand consumers is run with reference to retail banking. Results show that only a small number of touchpoints is significantly related to customer loyalty. Findings point companies' attention to invest their efforts in managing both the frequency and positivity of specific touchpoints.


Author(s):  
Emilios Avgouleas

This chapter offers a critical overview of the issues that the European Union 27 (EU-27) will face in the context of making proper use of financial innovation to further market integration and risk sharing in the internal financial market, both key objectives of the drive to build a Capital Markets Union. Among these is the paradigm shift signalled by a technological revolution in the realm of finance and payments, which combines advanced data analytics and cloud computing (so-called FinTech). The chapter begins with a critical analysis of financial innovation and FinTech. It then traces the EU market integration efforts and explains the restrictive path of recent developments. It considers FinTech's potential to aid EU market integration and debates the merits of regulation dealing with financial innovation in the context of building a capital markets union in EU-27.


2021 ◽  
pp. 001041402199716
Author(s):  
Nam Kyu Kim ◽  
Jun Koga Sudduth

Does the creation of nominally democratic institutions help dictators stay in power by diminishing the risk of coups? We posit that the effectiveness of political institutions in deterring coups crucially depends on the types of plotters and their political goals. By providing a means to address the ruling coalition’s primary concerns about a dictator’s opportunism or incompetence, institutions reduce the necessity of reshuffling coups, in which the ruling coalition replaces an incumbent leader but keeps the regime intact. However, such institutions do not diminish the risk of regime-changing coups, because the plotters’ goals of overthrowing the entire regime and changing the group of ruling coalition are not achievable via activities within the institutions. Our empirical analysis provides strong empirical support for our expectations. Our findings highlight that the role of “democratic” institutions in deterring coups is rather limited as it only applies to less than 38% of coup attempts.


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