Blockchain Use Cases for Inclusive FinTech: Scalability, Privacy, and Trust Distribution

2020 ◽  
pp. 2050003
Author(s):  
David LEE Kuo Chuen ◽  
Caroline LIM Seow Ling
Keyword(s):  
White Paper ◽  
Lessons Learned ◽  
Financial Industry ◽  
Short Term ◽  
Tower Of Babel ◽  
Blockchain Technology ◽  
Net Benefits ◽  
Permissioned Blockchains ◽  
Noah's Ark

Few blockchain centric projects have gone beyond their white paper or proofs-of-concept. While many have fallen below expectations and failed to address the fundamental issues of scalability, privacy, and trust distribution, there are a few “imperfect” projects that are making an impact on society. We describe the lessons learned from three projects and highlight their “improvisions” in achieving their vision of serving the underserved, and identify areas of possible improvements. Our research has shown that mass adoption of blockchain technology will accelerate in financial industry and supply chain with private permissioned blockchains, but these e-inclusion projects using “Inclusive” Blockchain will take a longer time with OnChain/OffChain complexities. A long-term view is needed to build a Noah’s Ark as the rush to build the Tower of Babel to harness short term gain may not bring net benefits to the economy and society.

scholarly journals A Study of Multi-Scale Relationship Between Investor Sentiment and Stock Index Fluctuation Based on the Analysis of BEMD Spillover Index

2021 ◽  
Vol 9 (4) ◽  
pp. 399-420
Author(s):  
Weiguo Chen ◽  
Shufen Zhou ◽  
Yin Zhang ◽  
Yi Sun
Keyword(s):  
Stock Price ◽  
Composite Index ◽  
Investor Sentiment ◽  
Stock Index ◽  
Financial Industry ◽  
Medium Term ◽  
Short Term ◽  
Frequency Components ◽  
Original Scale

Abstract According to behavioral finance theory, investor sentiment generally exists in investors’ trading activities and influences financial market. In order to investigate the interaction between investor sentiment and stock market as well as financial industry, this study decomposed investor sentiment, stock price index and SWS index of financial industry into IMF components at different scales by using BEMD algorithm. Moreover, the fluctuation characteristics of time series at different time scales were extracted, and the IMF components were reconstructed into short-term high-frequency components, medium-term important event low-frequency components and long-term trend components. The short-term interaction between investor sentiment and Shanghai Composite Index, Shenzhen Component Index and financial industries represented by SWS index was investigated based on the spillover index. The time difference correlation coefficient was employed to determine the medium-term and long-term correlation among variables. Results demonstrate that investor sentiment has a strong correlation with Shanghai Composite Index, Shenzhen Component Index and different financial industries represented by SWS index at the original scale, and the change of investor sentiment is mainly influenced by external market information. The interaction between most markets at the short-term scale is weaker than that at the original scale. Investor sentiment is more significantly correlated with SWS Bond, SWS Diversified Finance and Shanghai Composite Index at the long-term scale than that at the medium-term scale.

scholarly journals Taiwan's budgetary responses to COVID-19: the use of special budgets

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Wei-Jie Liao ◽  
Nai-Ling Kuo ◽  
Shih-Hsien Chuang
Keyword(s):  
Lessons Learned ◽  
Fiscal Sustainability ◽  
Short Term ◽  
Content Type ◽  
The Great Recession ◽  
News Reports ◽  
Economic Stimulus ◽  
Fiscal Implications ◽  
Taiwanese Government

PurposeThe authors examine the Taiwanese government's budgetary responses to COVID-19, with a focus on the special budgets created for containing the virus, undertaking bailouts and providing economic stimulus. The authors assess the short-term and long-term fiscal implications of the budgetary measures and discuss how Taiwan's experiences could provide lessons for other countries for future emergencies.Design/methodology/approachThe authors collect data from Taiwan's official documents and news reports and compare the special budgets proposed by the Taiwanese government during the Great Recession and the COVID-19 pandemic. The authors discuss lessons learned from the 2008–09 special budget and possible concerns of the 2020 special budgets. In the conclusions, the authors discuss potential long-term implications for Taiwan's budgetary system as well as possible lessons for other countries based on Taiwan's experiencesFindingsThe authors found that the 2008–09 special budgets focused only on economic stimulus, whereas the 2020 special budgets covered COVID-19 treatments, bailouts and economic stimulus. In 2020, the Taiwanese government devised targeted bailout plans for industries and individuals most affected by the pandemic and created the Triple Stimulus Vouchers to boost the economy. Since the special budgets were largely funded through borrowing, the authors pointed out concerns for fiscal sustainability and intergenerational equity.Originality/valueCOVID-19 has changed how the world functions massively. This work adds to the literature on COVID-19 by providing Taiwan's budgetary responses to the pandemic. This work also identifies ways for Taiwan to improve the existing budgetary system and discusses lessons for other countries.

scholarly journals Takaful Models: Their Evolution and Future Direction

ICR Journal ◽  
2016 ◽  
Vol 7 (4) ◽  
pp. 457-473
Author(s):  
Mohammad Mahbubi Ali
Keyword(s):  
Financial Industry ◽  
Short Term ◽  
Muslim Countries ◽  
Operational Models ◽  
Future Direction ◽  
Islamic Insurance

Takaful (Islamic insurance), being an important emerging sector in the Islamic financial industry, has exhibited remarkable growth across the globe over the last few decades. This indicates an enormous demand for takaful products, from short-term general takaful to long-term family takaful. As a result, takaful has attracted sizable attention from both Muslim and non-Muslim countries. Nevertheless, the industry continues to experience a plethora of contentious issues in its operational models. The present study explores the evolution of takaful models and their future direction.

scholarly journals Why are the mentally handicapped still admitted to hospital?

1992 ◽  
Vol 16 (10) ◽  
pp. 609-611 ◽  
Author(s):  
Leila B. Cooke
Keyword(s):  
Long Term Care ◽  
White Paper ◽  
Short Term ◽  
Mentally Handicapped ◽  
Pattern Of Care ◽  
Term Care ◽  
Handicapped People ◽  
Hospital Group ◽  
Park Hospital

The Stoke Park Hospital Group in Bristol has been providing a service to mentally handicapped people and their families since 1909. The nature and extent of the service has changed significantly between then and now, largely due to changes in Government policy, first laid out in the 1971 white paper Better Services for the Mentally Handicapped. The changing nature of the service was highlighted in Carter's paper in 1984, in which he examined all admissions to the Group over ten years. He found an increasing use of the hospitals for short-term care, particularly for those patients with a superimposed psychiatric disorder, and a continuing, albeit reducing, demand for long-term care for some patients. He concluded that the hospital would continue to have an important role to play in the evolving pattern of care.

scholarly journals Global Value Chain Resilience: Understanding the Impact of Managerial Governance Adaptations

2022 ◽  
pp. 000812562110666
Author(s):  
Liena Kano ◽  
Rajneesh Narula ◽  
Irina Surdu
Keyword(s):  
Value Chain ◽  
Structural Changes ◽  
Lessons Learned ◽  
Value Chains ◽  
Global Value Chain ◽  
Short Term ◽  
Initial Shock ◽  
Lead Firm ◽  
The Impact

While COVID-19 has caused significant short-term disruptions in global value chains (GVCs), in the longer run, the pandemic will not be the primary catalyst in GVC evolution. As GVCs recover from the initial shock, managers will make GVC restructuring decisions guided by long-term strategic considerations. This article describes barriers that lead firm managers may encounter when rethinking location/control decisions for value chain activities and suggests that, in addition to structural changes, managerial governance adaptations are instrumental in enhancing GVCs’ long-term resilience. Lessons learned from responding to the pandemic can help managers enhance GVC efficiency in the increasingly uncertain global environment.

scholarly journals Caring for Coronavirus Healthcare Workers: Lessons Learned from Long-Term Monitoring of Military Peacekeepers

2020 ◽  
Author(s):  
Christer Lunde Gjerstad ◽  
Hans Jakob Bøe ◽  
Erik Falkum ◽  
Andreas Espetvedt Nordstrand ◽  
Arnfinn Tønnesen ◽  
...  
Keyword(s):  
Posttraumatic Stress ◽  
Healthcare Workers ◽  
Mental Health Problems ◽  
Linear Regression Analysis ◽  
Emerging Infectious Diseases ◽  
Lessons Learned ◽  
Working Environment ◽  
Short Term ◽  
Factors Associated

Background: The current outbreak of the coronavirus disease (COVID-19) is of unprecedented proportions in several regards. Recent reports suggest that many frontline healthcare workers (HCWs) suffer from mental health problems, including posttraumatic stress symptoms (PTSS). Previous studies have identified several key factors associated with short-term PTSS in pandemic HCWs, yet limited data is available on factors associated with long-term PTSS. Understanding the psychological impact of the pandemic on healthcare workers, is important in planning for future outbreaks of emerging infectious diseases. In the current study, we look to findings from a highly relevant subsection of the trauma field, the military domain.Objective: Pandemic HCWs and military peacekeepers may experience similar stressors in the line of duty. This study investigated whether factors linked to short-term PTSS in pandemic HCWs were also associated with long-term PTSS in military peacekeepers. Materials and Methods: Peacekeepers who reported pandemic-relevant stressors during deployment to a UN peacekeeping mission were included in the study (N = 1,627). PTSS was self-reported using the Posttraumatic Stress Disorder Checklist - Military Version. Descriptive instruments were used to assess possible factors associated with PTSS. A multiple linear regression analysis was performed to explore associations between these factors and PTSS.Results: Our model accounted for 50% of the variance in PTSS, F(1503,11) = 139.00, p < .001. Age, relationship- and employment status, as well as preparedness, working environment, social support after deployment, barriers to disclose, recognition, and loneliness, were all significantly associated with PTSS on average 30 years after deployment. The most important risk factors of long-term PTSS were personal barriers to disclose one’s experiences and current unemployment.Conclusions: Several factors linked to short-term PTSS in pandemic HCWs were associated with long-term PTSS in peacekeepers. We discuss how these findings may be used to prevent long-term PTSS in HCWs involved in the current COVID-19 outbreak.

An Ergonomics Program to Control Cumulative Trauma Disorders in a Manufacturing Environment

1988 ◽  
Vol 32 (11) ◽  
pp. 656-658 ◽  
Author(s):  
Kevin R. Gutekunst ◽  
Maxwell T. Fogleman
Keyword(s):  
Lessons Learned ◽  
Cumulative Trauma Disorders ◽  
Cumulative Trauma ◽  
Short Term ◽  
Job Rotation ◽  
Medical Expenses ◽  
Action Team ◽  
Rotation Scheme ◽  
Trauma Disorders

Cumulative trauma disorders (CTDs) at a manufacturing facility rose greatly from 1985 to 1986 and remained high through 1987. This rise resulted in time lost by injured workers and greater employee compensation for medical expenses. An action team evaluated the problem and suggested both short-term solutions and a long-term program for fewer CTDs. This work included historical research, job observation, videotape, interviews, and direct involvement of the workers. Short-term solutions included work station redesign, developing tailored holding fixtures, and designing ergonomic tools. The long-term program suggested a job rotation scheme, education about the causes and prevention of CTDs, and continued action team involvement. These efforts will continue, and the lessons learned will be applied at other company sites.

An assessment of the 2011 Spanish pension reform using the Swedish system as a benchmark

2013 ◽  
Vol 13 (3) ◽  
pp. 297-333 ◽  
Author(s):  
CARLOS VIDAL-MELIÁ
Keyword(s):  
Pension System ◽  
Pension Reform ◽  
Lessons Learned ◽  
Short Term ◽  
The Public ◽  
Public Pension System ◽  
Actuarial Fairness ◽  
The Us ◽  
Quantitative Analyses

AbstractThe aim of this paper is to make an assessment of the 2011 reform of the public pension system in Spain using the Swedish pension system as a benchmark, although some reference to the US pension system is also made. The paper focuses on the reform, explaining its aims, breaking down the main contents, critically examining the official view and describing the expected ageing of the Spanish population. This approach complements the quantitative analyses performed by other researchers and will enable us to assess the reformed system with the focus on four main areas: actuarial fairness, actuarial transparency, solvency and communication with the public. The main conclusion is that the reform was a wasted opportunity given that Spain did not take advantage of the lessons learned in Sweden, it did not include any elements for improving the management of pay-as-you-go systems, and there is no sound basis for claiming that the system's sustainability is assured in the medium term, the long term or even the short term. The new parametric reforms currently under consideration in Spain are targeted to correct some of the pension system's design faults that have been highlighted in this paper.

scholarly journals Short- And Long-Term Wealth Gains From UK Takeovers: The Case Of The Financial Industry

2014 ◽  
Vol 30 (4) ◽  
pp. 1253 ◽  
Author(s):  
Sabri Boubaker ◽  
Taher Hamza
Keyword(s):  
Abnormal Returns ◽  
Wealth Effects ◽  
Financial Industry ◽  
Short Term ◽  
Long Run ◽  
Acquiring Firms ◽  
Short And Long Term ◽  
Long Term Performance ◽  
Term Performance

The present study analyzes the short- and long-term performance of UK financial acquiring firms by examining a sample of 40 takeovers over the period 19962007. In particular, it investigates i) the short- and long-term stock return performance of these acquiring firms and ii) the relation between their short-term abnormal return around the announcement date of takeovers and their long-term performance. The event study methodology shows that bidders experience significant short-term wealth destruction. In contrast, both the buy-and-hold abnormal returns and bidders portfolio return approaches indicate positive and significant wealth effects over the long run. Business cycle analysis shows that acquirers obtain significantly higher returns during downward financial market cycles. Furthermore, the results show that the market reaction to the bid announcement better predicts bidders long-term performance in the case of positive short-term abnormal returns.

Sign in / Sign up

Export Citation Format

Share Document