scholarly journals Idiosyncrasies of Money: 21st Century Evolution of Money

Economies ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 40
Author(s):  
Daniel Ogachi ◽  
Paul Mugambi ◽  
Lydia Bares ◽  
Zoltan Zeman
Keyword(s):  
Multiple Regression ◽  
Money Supply ◽  
21St Century ◽  
Electronic Money ◽  
Price Increases ◽  
Consumer Prices ◽  
Circulation Current ◽  
Demand Deposits ◽  
Us Dollar ◽  
The Moment

This paper examines the question of what kind of money will govern the 21st century by examining the developments which characterise this landscape. On the basis of a review of the available literature and evidence, it is clear that certain technological innovations, such as the movement towards electronic money, will undoubtedly change how we operate. However, the conclusion in this paper is less sanguine regarding the prospects of a global currency, regional monetary unions, or states’ exit from or central banks’ control of money. This paper also sees poor prospects for cryptocurrencies at the moment, given their focus on the decentralisation and politicisation of money, because money requires a backstopping force, making it inherently political. Finally, this paper considers how regulators may seek to ensure that money in its digital form is not taken advantage of and applied in malevolent activities. The study used correlation to establish the level of association among variables. A multiple regression analysis was used to draw an econometric model explaining the relationship between the independent and dependent variables. The following variables were used as independent variables: monetary aggregate (M1), harmonised index of consumer prices (HICP), Euro Interbank Offered Rate (EURIBOR), US dollar/euro, and the USD value of Bitcoin. Multiple regression predicted that when inflation rises, the money supply will decrease. M1 includes cash in circulation, current deposits, and other than demand deposits. The study concludes that price increases encourage people to keep their money in longer-term deposits, including in cryptocurrency. Additionally, an increase in EURIBOR and US dollar/euro reduces the supply of money. Otherwise, an increase in the price of bitcoin in the economy would increase the overall money supply.

STUDY OF ITALIAN-LIBYAN RELATIONS IN RUSSIAN SCIENCE LITERATURE FROM THE LATE 20TH TO THE EARLY 21ST CENTURY

2021 ◽  
pp. 116-125
Author(s):  
Ekaterina S. Vysochina ◽  
Keyword(s):  
21St Century ◽  
Complex Analysis ◽  
Scientific Literature ◽  
Science Literature ◽  
Illegal Migration ◽  
Russian Science ◽  
Early 21St Century ◽  
Russian Scientific ◽  
Stage Of Development ◽  
The Moment

The main purpose of the article is to review the most complete and holistic scientific works of Russian authors which are devoted to the study of Italian-Libyan relations. To carry out the research a broad historiographic base on the topic was involved, the author turned to both the “classic” works of Soviet scientists, and to the most modern scientific figures. One of the main tasks in the study of the topic is to identify the historiographic issues associated with the lack of modern Russian scientific literature on the referred theme. The article analyzes the specific features of the literature published from the end of the 20th to the beginning of the 21st century in Russia, highlighting the issue of interaction between two countries in different spheres of international relations. The methodological basis of the work is the issue-chronological and complex analysis of the used literature, the establishment of the cause-effect relationships and patterns in the Russian authors approaches to their research, as well as their interpretation for the current stage of development of relations between the two countries. During research it was revealed that most of the scientific works of our compatriots are devoted to a certain, rather narrow, range of issues: the Italian–Turkish war of 1911–1912, cooperation between Libya and Italy in the control of illegal migration from Africa to Europe, Italian military intervention in the civil war in Libya 2011. At the same time, not many Russian authors cover and analyze the Italian-Libyan cooperation in the politi- cal, cultural, social, and economic fields during the long-term period of Colonel Gaddafi’s rule in Libya. In this regard, the author of the article notes that there is a great amount of historical data: the diplomatic documents, resolutions, offi- cial letters of top public executives, treaties and agreements between the coun- tries, including documents of international organizations that are not studied at present sufficiently. The article identifies the most perspective areas for further research of Italian-Libyan relations, what emphasizes the importance and relevance of the chosen topic. The author comes to a conclusion that at the moment it seems quite difficult to find a well-founded, comprehensive scientific literature designed to determine the nature and options for the development of relations between Libya and Italy at the modern stage.

scholarly journals Does E-Money Affect Inflation In Indonesia

2021 ◽  
Vol 19 (1) ◽  
pp. 1
Author(s):  
Andres Dharma Nurhalim
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Exchange Rates ◽  
Money Supply ◽  
Quantitative Approach ◽  
Electronic Money ◽  
Factors Affecting ◽  
Main Factors ◽  
The Interest Rate ◽  
Main Components

The purpose of this study aims to explain the effect of electronic money on inflation and how much influence it has on the Indonesian economy. In this study the authors used a quantitative approach. The variables used are inflation, electronic money, exchange rate, money supply (M1), and BI interest rate. Result: The previous money supply (LQMprev) and the interest rate (BI Rate) were the main factors affecting inflation. In this result, e-money and exchange rates are not the main components driving inflation. Based on SPPS processing using regression, e-money and exchange rates do not have a significant effect on inflation in Indonesia, but LQMprev has a significant effect on inflation. From the results of this study it is still too early to analyze the effect of e-money on inflation because it is still relatively new in Indonesia.

scholarly journals Designing Analytics for Collaboration Literacy and Student Empowerment

2021 ◽  
Vol 8 (1) ◽  
pp. 30-48
Author(s):  
Marcelo Worsley ◽  
Khalil Anderson ◽  
Natalie Melo ◽  
JooYoung Jang
Keyword(s):  
Student Perceptions ◽  
21St Century ◽  
Learning Analytics ◽  
Student Empowerment ◽  
Multimodal Learning ◽  
Theoretical Understanding ◽  
Student Collaboration ◽  
Communication Conflict ◽  
Multimodal Learning Analytics ◽  
The Moment

Collaboration has garnered global attention as an important skill for the 21st century. While researchers have been doing work on collaboration for nearly a century, many of the questions that the field is investigating overlook the need for students to learn how to read and respond to different collaborative settings. Existing research focuses on chronicling the various factors that predict the effectiveness of a collaborative experience, or on changing user behaviour in the moment. These are worthwhile research endeavours for developing our theoretical understanding of collaboration. However, there is also a need to centre student perceptions and experiences with collaboration as an important area of inquiry. Based on a survey of 131 university students, we find that student collaboration-related concerns can be represented across seven different categories or dimensions: Climate, Compatibility, Communication, Conflict, Context, Contribution, and Constructive. These categories extend prior research on collaboration and can help the field ensure that future collaboration analytics tools are designed to support the ways that students think about and utilize collaboration. Finally, we describe our instantiation of many of these dimensions in our collaborative analytics tool, BLINC, and suggest that these seven dimensions can be instructive for re-orienting the Multimodal Learning Analytics (MMLA) and collaboration analytics communities.

scholarly journals Macro Economic Challenges and Third Party Funds of Islamic Commercial Banks in Indonesia

2019 ◽  
Vol 3 (1) ◽  
Author(s):  
Anik Anik ◽  
Iin Emy Prastiwi
Keyword(s):  
Exchange Rate ◽  
Money Supply ◽  
Time Series Data ◽  
Data Gathering ◽  
Third Party ◽  
Series Data ◽  
Monthly Data ◽  
The Us ◽  
Us Dollar ◽  
Gathering Data

This article aims to determine the effect of inflation, the BI Rate, the exchange rate of the rupiah to the US dollar, and the amount of money supply for Third Party Funds (TPF) in Indonesians’ Islamic Banks during 2013-2016. This research method uses multiple regression analysis with time series data; gathering data from 48 samples of which are monthly data on the variables.  The result of this research find that the inflation and exchange rate variables have no significant effect on TPF, while the BI Rate variable and the money supply have a significant effect on TPF. In doing so, Islamic banking can pay serious attention to the BI rate and the money supply and in this study the BI rate on the direction of TPF. Keywords: inflation, BI rate, exchange rate, Third Party Funds

scholarly journals Monetary Policy Channels and Industrial Production in Pakistan: Evidences based on ARDL Approach

2020 ◽  
Vol 6 (3) ◽  
pp. 713-721
Author(s):  
Muhammad Tariq Mahmood ◽  
Sadaf Shahab ◽  
Saad Ali Rabbani
Keyword(s):  
Monetary Policy ◽  
Money Supply ◽  
Industrial Production ◽  
Industrial Sector ◽  
The Other ◽  
Economic Management ◽  
Long Run ◽  
Consumer Prices ◽  
Short Run ◽  
Bound Test

Monetary policy is a significant component of economic management, with which we can control higher inflation, boost the economic growth and stabilize the other macroeconomic activities. This study investigates the channels of monetary policy affecting the industrial production using monthly data of Pakistan. In this regard, we have applied Bound test for co-integration to investigate the dynamic behaviour of the variables. Our results indicate that the consumer prices, money supply and money market rates are negatively effective for industrial production in the short-run. On the other hand, exchange rate has positive effect in short-run. The results also indicate that there is statistically significant and positive relationship between industrial output and money supply in the long-run, too. The adjustment mechanism suggests stability in the system and is statistically significant. Our results imply that the authorities should use expansionary monetary stance through money supply channel to boost the industrial sector.

Faktor-Faktor yang Mempengaruhi Profitabilitas Bank Muamalat di Indonesia

2020 ◽  
Vol 6 (3) ◽  
pp. 716
Author(s):  
Yuwita Ariessa Pravasanti ◽  
Wikan Budi Utami
Keyword(s):  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Multiple Regression ◽  
Secondary Data ◽  
Sampling Technique ◽  
Analytical Tool ◽  
Financial Data ◽  
Coefficient Of Determination ◽  
Bank Profitability ◽  
Demand Deposits

This study aims to obtain empirical evidence related to the influence of Indonesian Muamalat bank profitability. Characteristics of the influence of wadi'ah demand deposits, wadi’ah savings and mudharabah savings. This study uses secondary data with quarterly financial data population of PT. Bank Muamalat Indonesia from 2011 to 2018. The sampling technique uses quarterly financial data of PT. Bank Muamalat Indonesia has 32 data. The analytical tool used is multiple regression analysis. The results showed that the wadi'ah giro variable partially had a significant effect on profit / ROA. Show that t count is 2,356 ≥ t table is 1,699 while the value of Sig. t 0.026 ≤ Sig.α 0.05. Wadi'ah savings variable partially has a significant effect on profit / ROA. Shows that t count is - 3,135 ≤ t table is 1,699 while Sig. 0.004 ≤ α 0.05. Mudharabah savings variable partially has a significant effect on profit / ROA. Shows that t arithmetic of - 0.334 ≤ t table of 1.699 while the value of Sig. α 0.741 ≥ 0.05, then Ho is rejected and H1 is accepted. The results showed that multiple regression analysis obtained the coefficient of determination (R2) was 0.412 or equal to 41.2%. This means that Wadi'ah Giro, Wadi'ah Savings and Mudharabah Savings jointly affect bank profitability.

FORECASTING CONSUMER PRICE INDEX (CPI) USING TIME SERIES MODELS AND MULTI REGRESSION MODELS (ALBANIA CASE STUDY)

2018 ◽  
Author(s):  
Eralda Gjika Dhamo ◽  
Llukan Puka ◽  
Oriana Zaçaj
Keyword(s):  
Time Series ◽  
Regression Model ◽  
Multiple Regression ◽  
Consumer Price Index ◽  
Multiple Regression Model ◽  
Time Series Models ◽  
Financial Indicators ◽  
Consumer Prices ◽  
Approach Time

In this work we analyse the CPI index as the official index to measure inflation in Albania, Harmo-nized Indices of Consumer Prices (HICPs) as the bases for comparative measurement of inflation in European countries and other financial indicators that may affect CPI. This study is an attempt to model CPI based on combination of multiple regression model with time series forecasting models. In the first approach, time series models were used directly on the CPI time series index to obtain the forecast. In the second approach, the time series models (SARIMA, ETS) were used to model and simulate forecast for each subcomponent with significant correlation to CPI and then use the multiple regression model to obtain CPI forecast. The projection of this indicator is important for understand-ing the country's economic and social development. This study helps researchers in the field of time series modeling, economic analysis and investments.

scholarly journals Estimation of the Greenland ice sheet surface mass balance for the 20th and 21st centuries

2008 ◽  
Vol 2 (2) ◽  
pp. 117-129 ◽  
Author(s):  
X. Fettweis ◽  
E. Hanna ◽  
H. Gallée ◽  
P. Huybrechts ◽  
M. Erpicum
Keyword(s):  
Mass Balance ◽  
Multiple Regression ◽  
21St Century ◽  
General Circulation ◽  
Ice Sheet ◽  
Greenland Ice Sheet ◽  
General Circulation Models ◽  
Climate Simulation ◽  
Surface Mass Balance ◽  
Surface Mass

Abstract. Results from a regional climate simulation (1970–2006) over the Greenland ice sheet (GrIS) reveals that more than 97% of the interannual variability of the modelled Surface Mass Balance (SMB) can be explained by the GrIS summer temperature anomaly and the GrIS annual precipitation anomaly. This multiple regression is then used to empirically estimate the GrIS SMB since 1900 from climatological time series. The projected SMB changes in the 21st century are investigated with the set of simulations performed with atmosphere-ocean general circulation models (AOGCMs) of the Fourth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR4). These estimates show that the high surface mass loss rates of recent years are not unprecedented in the GrIS history of the last hundred years. The minimum SMB rate seems to have occurred earlier in the 1930s and corresponds to a zero SMB rate. The AOGCMs project that the SMB rate of the 1930s would be common at the end of 2100. The temperature would be higher than in the 1930s but the increase of accumulation in the 21st century would partly offset the acceleration of surface melt due to the temperature increase. However, these assumptions are based on an empirical multiple regression only validated for recent/current climatic conditions, and the accuracy and time homogeneity of the data sets and AOGCM results used in these estimations constitute a large uncertainty.

scholarly journals Energy Complex of a Municipality on the Example of Luleå (Sweden)

2019 ◽  
Vol 140 ◽  
pp. 03005
Author(s):  
Alexander Stoyanov
Keyword(s):  
21St Century ◽  
Heat Supply ◽  
Point Of View ◽  
Production Cycle ◽  
Mutual Benefit ◽  
Energy Complex ◽  
Consumer Prices ◽  
Energy Economy ◽  
The Difference ◽  
Production Capacities

The following work focuses on the study of the energy complex in a particular country (Sweden) and in specific conditions (Luleå municipality in the first and second decades of the 21st century). The conclusions and results obtained during the work might be interesting from the point of view of applicability of practice in other countries, as an example of successful experience in implementing an effective fuel and energy complex, which allows each of the parties (producers and consumers) to derive the maximum mutual benefit. The main features of the energy economy of Sweden as a whole have also been considered, which may contribute to the deepening of research in this vein, in order to allow other municipalities to be considered, which in turn will make it possible to assess the efficiency and prospects of the fuel and energy complex in the country as a whole. The work also proposes and considers possible points of intensification of the production cycle in order to increase production capacities and improve the conditions for consumers who, due to the geographical features of the country’s location, are forced to spend large amounts of money on innovative technologies, illustrated in consumer prices for electricity and heat supply (especially other municipalities in Sweden, for example, the difference between Luleå and them in terms of consumer prices can reach 30-40%).

21st century psychiatry: The need for a unitary framework

2016 ◽  
Vol 33 (S1) ◽  
pp. S3-S3
Author(s):  
M. Maj
Keyword(s):  
Mental Disorders ◽  
Protective Factors ◽  
21St Century ◽  
Complex Interaction ◽  
Diagnostic Systems ◽  
The Third ◽  
The Past ◽  
Fourth Level ◽  
Competing Interest ◽  
The Moment

While the plurality of approaches is a richness of psychiatry, we need today a unitary framework in which the vast majority of psychiatrists are able to place and recognize themselves. An essential component of this framework should be the awareness that a major outcome of research efforts of the past thirty years is the notion that a simple deterministic etiological model cannot be applied to mental disorders, which instead represent the product of the complex interaction of a multiplicity of vulnerability and protective factors of different nature (biological, intrapsychic, interpersonal, psychosocial). Most current significant etiological research in psychiatry can be accommodated within this framework, thus appearing much less chaotic, inconsistent and fragmentary. This first level of the framework affects in a probabilistic, not a deterministic, way the second one, that of neurobiological, cognitive and psychological intermediate processes. It is unavoidable that different languages be used to describe these processes, but these languages may be translatable into each other to some extent. Furthermore, comprehensive pathogenetic models usually require the integration of different languages. This second level leads, again in a probabilistic way, to the third level, that of symptoms, signs, cognitive dysfunctions and psychopathological dimensions. These are the elements composing the fourth level, the syndromal one. The ICD/DSM formulation of this fourth level is not optimal, but it is the best we have at the moment. Certainly, the fact that two major diagnostic systems exist in psychiatry adds to the confusion and the uncertainty, and should be overcome in the future.Disclosure of interestThe author has not supplied his declaration of competing interest.

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