scholarly journals Immigrants and Their International Money Flows

2007 ◽  
Keyword(s):  
International Money ◽  
Money Flows

Trading Gold

2017 ◽  
Author(s):  
Mette M. High
Keyword(s):  
Risk Taking ◽  
Material Wealth ◽  
International Money ◽  
Money Flows ◽  
Trading Partners ◽  
Business Acumen

This concluding chapter looks at the gold traders who take part in economic circuits that are oriented away from the mines and toward the yuan of their Chinese trading partners within Asia's illegal gold trade. For them, the intersection of gold wealth with international money flows is conducive to the transformation of their “lifeless” earnings into profitable and productive currency. Holding and handling unmatched quantities, they quickly reinvest their “renewed” money into the gold trade or a business venture. Often transformed into visible, material wealth, money from the illegal gold trade thus offers a competing topography of wealth that is based not on the accumulation of fortune in livestock but on risk taking and business acumen.

scholarly journals Activating moral imagination: EXPOSED 2013 as a fourth generation faith-based campaign?

2015 ◽  
Vol 1 (1) ◽  
pp. 19
Author(s):  
Nadine Bowers-Du Toit ◽  
Dion Forster
Keyword(s):  
Moral Imagination ◽  
Tax Avoidance ◽  
Fourth Generation ◽  
Faith Based ◽  
International Money ◽  
Tax Regimes ◽  
Money Flows ◽  
Role Players ◽  
The Church ◽  
Is Value

David Korten proposes a Fourth Generation approach (1990) to development that is value driven and sees social movements take centre stage in promoting a more just global society. Theologian Ignatius Swart (2006) has argued that Korten’s approach holds significant value for civil society role players such as the church, whose value-driven agenda may serve to resist common values expressed by the powerful in society. Recently, the EXPOSED 2013 campaign has emerged as such a Christian social movement, seeking to mobilise up to 100 million Christians globally to take action against corruption. Using social media and church networks at all levels it aims to petition the G20 for more open tax regimes and greater transparency in international money flows to combat bribery and tax avoidance. This article documents and critically analyses the EXPOSED 2013 campaign through the lens of Korten’s Fourth Generation in dialogue with Swart’s faith-based analysis of Korten’s work.

Investment Management and the Investment Chain

2017 ◽  
Author(s):  
Diane-Laure Arjaliès ◽  
Philip Grant ◽  
Iain Hardie ◽  
Donald MacKenzie ◽  
Ekaterina Svetlova
Keyword(s):  
Decision Making ◽  
Asset Management ◽  
Investment Decisions ◽  
Investment Management ◽  
Money Flows ◽  
Central Argument ◽  
A Chain ◽  
Asset Managers

Chapter 1 introduces the idea of the chain as related to investment management. It highlights the increasing importance and influence of the asset management industry and argues that, despite this fact, the behaviour and decision-making of asset managers has been little studied. The chapter suggests that investment decisions today cannot be understood by focusing on isolated investors. Rather, most of their money flows through a chain: a sequence of intermediaries that ‘sit between’ savers and companies/governments. The chapter introduces the central argument of the book that investment management is shaped profoundly by the opportunities and constraints that this chain creates.

scholarly journals Window dressing in the Active Share scores in publicly reported portfolios

2021 ◽  
pp. 234094442110246
Author(s):  
Laura Andreu ◽  
Carlos Forner ◽  
José Luis Sarto
Keyword(s):  
Positive Relationship ◽  
Tracking Error ◽  
Jel Classification ◽  
Tracking Errors ◽  
Window Dressing ◽  
Future Performance ◽  
Money Flows

Using a unique database that includes publicly disclosed fund holdings at the end of the quarter as well as the holdings in all non-publicly disclosed months, we found that some funds could alter their portfolios in publicly disclosed months to artificially increase their Active Share scores and consequently appear more active and take advantage of the positive relationship between Active Share and money flows. We show how, consistent with non-informed trades, these funds erode their future performance. However, these funds reach their objective of increasing future money flows. Moreover, we find that window-dresser funds can be identified by controlling the level of tracking error. The funds with high Active Share scores and low tracking errors have the highest levels of Active Share window dressing and the worst future returns. However, compared with less active funds, they are able to capture higher money flows. JEL CLASSIFICATION G23; G11

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