scholarly journals Financial Innovation: A Permanent Agenda in Finance

2017 ◽  
Vol 1 (3) ◽  
Author(s):  
Wesley Mendes-Da-Silva
Keyword(s):  
Financial Market ◽  
Financial Innovation ◽  
The United States ◽  
Economic Stability ◽  
Financial Systems ◽  
Policy Makers ◽  
Financial Products ◽  
Different Types ◽  
Technology Market ◽  
New Challenges

The Journal of Financial Innovation (JoFI), which is totally independent and completely free to anyone who is interested in reading it, has been establishing itself as one of the first periodicals dedicated to financial innovation, a subject that has been growing in importance in various spheres of interest, from academia to industry, including policy makers. Economic stability and growth are closely linked to financial innovation in its various formats, i.e. products, processes and financial institutions.At the end of the 1980s the financial market in the United States and its institutions were facing changes that were seen as revolutionary at the time. In other words, at that particular moment in time we witnessed the rise of financial instruments and institutions that did not even exist at the end of the 1970s. As Mishkin (1990) points out, there is still an interest in understanding better the dynamic of the changes in financial systems and the proliferation of financial products. In this regard, the forces behind financial innovation are increasing in relevance. These include the conditions required for changes in the market, advances in technology, market (de)regulation, different types of crisis that are relevant to the market, new challenges facing banks, and other such matters.

scholarly journals Analysing the Sway of Cash Instruments in the Indian Financial Market Context

2021 ◽  
Vol 10 (06) ◽  
pp. 01-04
Author(s):  
Bhumi Mehta
Keyword(s):  
Financial Market ◽  
Financial Instruments ◽  
Financial Instrument ◽  
Legal Documents ◽  
Financial Innovations ◽  
Monetary Value ◽  
Financial Products ◽  
Derivative Instruments ◽  
Different Types ◽  
Bill Of Exchange

There are basically four types of financial instruments viz. a bank deposit, a bill of exchange, a bond, and equity. As a result of a steady stream of financial innovations in today’s time, the market landscape is far less sparse-and far more complex to evaluate. Financial instruments are termed as the financial products which are tradable as packages of capital, each having their own unique characteristics and structure. The wide collection of financial instruments in today's marketplace allows for the efficient flow of capital amongst the world's investors. Financial instruments are legal documents that embody monetary value. There are a number of different types of documents that are properly identified as a financial instrument. There are different types of financial instrument, like cash instruments or derivative instruments.

Role of Financial Innovations in Proliferation of Economic Instability

2011 ◽  
pp. 56-64
Author(s):  
I. Strelets ◽  
M. Stolbov
Keyword(s):  
Financial Market ◽  
Business Processes ◽  
New Drugs ◽  
Social Progress ◽  
Economic Stability ◽  
Economic Issues ◽  
Financial Innovations ◽  
Financial Products ◽  
The Impact

The authors consider the impact of financial innovations on the macroeconomic situation. The increasing complexity of financial market instruments is the way to decrease its transparency and, consequently, the overall economic stability. The global crisis of 2008-2009 demonstrated the relevance of this problem. However, the authors believe that the nations can take advantage of new financial products, technologies and business processes if the regulators manage to fully track and timely offset the accompanying risks. It is important that execution of the financial innovations correspond with the structure of the funding companies and banks. It is concluded that adequate regulation of financial innovation will allow better use of their potential in order to address a number of important economic issues. In particular, it may help to accelerate the development and introduction of new drugs, to the implementation of environmental projects, the financing of social progress in the developing countries for achieving the Millennium Goals proclaimed by the UN in 2000.

Drivers of Financial Deregulation in Japan

2021 ◽  
pp. 58-75
Author(s):  
Eiji Hotori
Keyword(s):  
United States ◽  
Financial Market ◽  
Financial Innovation ◽  
The United States ◽  
Japanese Government ◽  
Regulatory Regime ◽  
Capital Movement ◽  
Government Bonds ◽  
Financial Deregulation ◽  
Over Time

This chapter aims to identify the real drivers of financial deregulation in Japan. Japan’s financial deregulation drivers clearly changed over time. In the late 1960s and the early 1970s, the liberalization of capital movement in Japan caused an administrative shift from its conventional rigid regulatory regime. From the mid-1970s, a rapid increase of Japanese government bonds issuances, as well as financial innovation, acted to remove the barriers between the banking and the securities businesses. From the mid-1980s, the pressure from the United States, as well as from domestic depositors and banks, urged the Japanese financial authorities to liberalize the financial market. It is evident that the drivers of financial deregulation in Japan in the 1980s were not only the pressure from abroad (as generally accepted), but that the deregulation was also driven by domestic interests including fiscal reasons.

scholarly journals The open-access availability of criminological research to practitioners and policy makers

2020 ◽  
Author(s):  
Matthew P J Ashby
Keyword(s):  
United States ◽  
Open Access ◽  
The United States ◽  
Relevant Research ◽  
Policy Makers ◽  
Criminological Research ◽  
Different Types ◽  
Research Findings ◽  
The Right ◽  
Leading Journals

Criminology produces policy-relevant research and criminologists often seek to influence practice, but most criminological research is confined to expensive subscription journals. This disadvantages researchers in the global south, policy makers and practitioners who have the skills to use research findings but do not have journal subscriptions. Open access seeks to increase availability of research, but take-up among criminologists has been low. This study used a sample of 12,541 articles published in criminology journals between 2017 and 2019 to estimate the proportion of articles available via different types of open access. Overall 22% of research was available to non-subscribers, about half that found in other disciplines, even though authors had the right to make articles open without payment in at least 95% of cases. Open access was even less common in many leading journals and among researchers in the United States. Open access has the potential to increase access to research for those outside academia, but few scholars exercise their existing rights to distribute freely the submitted or accepted versions of their articles online. Policies to incentivise authors to make research open access where possible are needed unlock the benefits of greater access to criminological research.

Understanding Chaos as an Indicator of Economic Stability

2016 ◽  
pp. 353-372 ◽  
Author(s):  
Rohnn B Sanderson
Keyword(s):  
Brownian Motion ◽  
Business Cycles ◽  
Natural Disaster ◽  
Government Policy ◽  
Economic Systems ◽  
Economic Stability ◽  
Financial Systems ◽  
Financial Products ◽  
Modern Economic ◽  
Dynamic Phenomena

With what appears to be the increasing sensitivity of economic/financial systems to various events, whether they be natural disaster, changing financial products or government policy, the need to understand how volatility has changed in modern economic systems and how to recognize when volatility will occur is a topic that is extremely important. This topic has been categorized under various topics such as: business cycles, chaos, dynamic systems, fractals, Brownian motion and super cycles just to name a few. The author believes that all of these areas need to be considered at once when analyzing dynamic phenomena which may have varying degrees of the aforementioned. This chapter will implement a Hicksian Accelerator to develop a framework for stylized facts of general dynamic macroeconomic behavior. The chapter will then implement the model and begin the process of estimating the degree of and sensitivity to volatility in a macro economy.

Islam and the Market

2018 ◽  
Author(s):  
Thomas B. Pepinsky ◽  
R. William Liddle ◽  
Saiful Mujani
Keyword(s):  
Financial Market ◽  
Consumer Demand ◽  
Islamic Finance ◽  
Systematic Effect ◽  
Socioeconomic Change ◽  
Financial Systems ◽  
Financial Products ◽  
Muslim Countries ◽  
Global Spread ◽  
Individual Use

The global spread of Islamic finance has transformed the financial systems of many Muslim countries, but observers know little about the factors that shape individuals’ demand for Islamic finance. This chapter examines the socioeconomic origins of consumer demand for Islamic financial products in Indonesia, where a growing Islamic financial market coexists with a large conventional financial system. Many analysts of Islamic finance presume that pious Muslims should prefer Islamic financial products to conventional ones. We explore how socioeconomic change may also create new constituencies for Islamic financial products. Accordingly, we show that modernization and globalization play important roles in shaping individual use of Islamic financial products. Perhaps surprisingly, there is no evidence that piety has any systematic effect on consumers’ choice of Islamic versus conventional financial products.

scholarly journals Inconsistent Definitions of Money and Currency in Financial Legislation as a Threat to Innovation and Sustainability

2021 ◽  
Vol 14 (2) ◽  
pp. 55
Author(s):  
Leander Bindewald
Keyword(s):  
United States Of America ◽  
The United States ◽  
Vantage Point ◽  
External Shocks ◽  
Economic Stability ◽  
Financial Systems ◽  
Complementary Currencies ◽  
Bad Debt ◽  
Laws And Regulations

External shocks, like the climate catastrophe or the COVID-19 pandemic, as well as intrinsic fallacies like the securitization of bad debt leading up to the financial crisis in 2008, point to the need for updating our monetary and financial systems. Ensuring their adequacy and resilience is an important factor for sustainability at large. This paper examines the definitions of “money” and “currency” in financial legislation as a foundational factor in achieving systemic resilience by allowing or hampering monetary innovation and diversity. From the unencumbered vantage point that the practice of complementary currencies offers, definitions of the terms “money” and “currency” are here traced through the laws and regulations of the United States of America, from the beginnings of modern banking to the recent rulings on crypto-currencies. They are both found to be used and defined in contradictory ways that are inapt even in regard to conventional modern banking practices, let alone when applied to novelty in payment, issuance and valuation. Consequently, this paper argues that basic legal definitions need to be reviewed and consolidated to enable the innovation and diversification in monetary systems needed for long term macro-economic stability. With this in mind, a terminology that is consistent with monetary practice—current, past and future—as well as the procedural difficulties of reforming laws and regulations is proposed.

Scanning electron microscopy of asbestos-containing material where the asbestos fibers are considered locked in a binder

1993 ◽  
Vol 51 ◽  
pp. 472-473
Author(s):  
J. R. Millette ◽  
R. S. Brown
Keyword(s):  
Electron Microscopy ◽  
Scanning Electron Microscopy ◽  
Environmental Protection Agency ◽  
Building Materials ◽  
The United States ◽  
Protection Agency ◽  
Asbestos Fibers ◽  
Different Types ◽  
Binder Material ◽  
Scanning Electron

The United States Environmental Protection Agency (EPA) has labeled as “friable” those building materials that are likely to readily release fibers. Friable materials when dry, can easily be crumbled, pulverized, or reduced to powder using hand pressure. Other asbestos containing building materials (ACBM) where the asbestos fibers are in a matrix of cement or bituminous or resinous binders are considered non-friable. However, when subjected to sanding, grinding, cutting or other forms of abrasion, these non-friable materials are to be treated as friable asbestos material. There has been a hypothesis that all raw asbestos fibers are encapsulated in solvents and binders and are not released as individual fibers if the material is cut or abraded. Examination of a number of different types of non-friable materials under the SEM show that after cutting or abrasion, tuffs or bundles of fibers are evident on the surfaces of the materials. When these tuffs or bundles are examined, they are shown to contain asbestos fibers which are free from binder material. These free fibers may be released into the air upon further cutting or abrasion.

Water Resources Management in the Semi-Arid Central Valley of California

1987 ◽  
Vol 19 (9) ◽  
pp. 97-106
Author(s):  
J. J. Vasconcelos
Keyword(s):  
Resource Management ◽  
Ground Water ◽  
Water Resource ◽  
Water Resource Management ◽  
Arid Regions ◽  
Central Valley ◽  
The United States ◽  
Policy Makers ◽  
Ground Water Resource ◽  
Semi Arid

Hater resource managers in semi-arid regions are faced with some unique problems. The wide variations in precipitation and stream flows in semi-arid regions increase man's dependence on the ground water resource for an ample and reliable supply of water. Proper management of the ground water resource is absolutely essential to the economic well being of semi-arid regions. Historians have discovered the remains of vanished advanced civilizations based on irrigated agriculture which were ignorant of the importance of proper ground water resource management. In the United States a great deal of effort is presently being expended in the study and control of toxic discharges to the ground water resource. What many public policy makers fail to understand is that the potential loss to society resulting from the mineralization of the ground water resource is potentially much greater than the loss caused by toxic wastes discharges, particularly in developing countries. Appropriations for ground water resource management studies in developed countries such as the United States are presently much less than those for toxic wastes management and should be increased. It is the reponsibility of the water resource professional to emphasize to public policy makers the importance of ground water resource management. Applications of ground water resource management models in the semi-arid Central Valley of California are presented. The results demonstrate the need for proper ground water resource management practices in semi-arid regions and the use of ground water management models as a valuable tool for the water resource manager.

Situational Breakdowns

2019 ◽  
Author(s):  
Anne Nassauer
Keyword(s):  
United States ◽  
Large Scale ◽  
Contextual Factors ◽  
The United States ◽  
Social Outcomes ◽  
Dynamic Processes ◽  
Collective Decisions ◽  
Different Types ◽  
The Impact

This book provides an account of how and why routine interactions break down and how such situational breakdowns lead to protest violence and other types of surprising social outcomes. It takes a close-up look at the dynamic processes of how situations unfold and compares their role to that of motivations, strategies, and other contextual factors. The book discusses factors that can draw us into violent situations and describes how and why we make uncommon individual and collective decisions. Covering different types of surprise outcomes from protest marches and uprisings turning violent to robbers failing to rob a store at gunpoint, it shows how unfolding situations can override our motivations and strategies and how emotions and culture, as well as rational thinking, still play a part in these events. The first chapters study protest violence in Germany and the United States from 1960 until 2010, taking a detailed look at what happens between the start of a protest and the eruption of violence or its peaceful conclusion. They compare the impact of such dynamics to the role of police strategies and culture, protesters’ claims and violent motivations, the black bloc and agents provocateurs. The analysis shows how violence is triggered, what determines its intensity, and which measures can avoid its outbreak. The book explores whether we find similar situational patterns leading to surprising outcomes in other types of small- and large-scale events: uprisings turning violent, such as Ferguson in 2014 and Baltimore in 2015, and failed armed store robberies.

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