scholarly journals Adverse Selection in P2P Lending: Does Peer Screening Work Efficiently?—Empirical Evidence from a P2P Platform

2021 ◽  
Vol 9 (4) ◽  
pp. 73
Author(s):  
Yao Wang ◽  
Zdenek Drabek
Keyword(s):  
Adverse Selection ◽  
Rapid Development ◽  
Financial System ◽  
Decision Making Process ◽  
Type Ii Error ◽  
Close Attention ◽  
Large Dataset ◽  
The Past ◽  
P2p Lending ◽  
Online Lending

The rapid development of online lending in the past decade, while providing convenience and efficiency, also generates large hidden credit risk for the financial system. Will removing financial intermediaries really provide more efficiency to the lending market? This paper used a large dataset with 251,887 loan listings from a pioneer P2P lending platform to investigate the efficiency of the credit-screening mechanism on the P2P lending platform. Our results showed the existence of a TYPE II error in the investors’ decision-making process, which indicated that the investors were predisposed to making inaccurate diagnoses of signals, and gravitated to borrowers with low creditworthiness while inadvertently screening out their counterparts with high creditworthiness. Due to the growing size of the fintech industry, this may pose a systematic risk to the financial system, necessitating regulators’ close attention. Since, investors can better diagnose soft signals, an effective and transparent enlargement of socially related soft information together with a comprehensive and independent credit bureau could mitigate adverse selection in a disintermediation environment.

An Overview of Financial Technology in Indonesia

2020 ◽  
pp. 216-224 ◽  
Author(s):  
Muhammad Anshari ◽  
Mohammad Nabil Almunawar ◽  
Masairol Masri
Keyword(s):  
Rapid Change ◽  
Financial System ◽  
Peer To Peer ◽  
Channel System ◽  
The Past ◽  
The People ◽  
P2p Lending ◽  
Financial Technology ◽  
The Way

Financial technology (FinTech) has been developing at a tremendous rate all around the globe. This chapter will show how banking and financial system has evolved by financial technology which affected the way of how society is living now. There is a rapid change of FinTech for the past few years in Indonesia. These changes have made an impact to the people in Indonesia. As for the exploration to the rise of FinTech in Indonesia, it is important to understand the development and challenges of FinTech in Indonesia by looking changing Indonesian people's behavior in terms of FinTech's adoption include payment channel system, digital banking, peer-to-peer (P2P) lending, and crowdfunding.

scholarly journals An Online Credit Agreement with Collateral in Indonesia

2021 ◽  
Vol 5 (1) ◽  
pp. 37
Author(s):  
Ma’ruf Akib
Keyword(s):  
Financial Services ◽  
Rapid Development ◽  
Preventive Measure ◽  
The World ◽  
P2p Lending ◽  
Online Registration ◽  
Loan Defaults ◽  
Credit Agreement ◽  
Online Lending ◽  
Financial Technology

Along with the rapid development of information technology which in turn has an impact on economic activity around the world, financial technology is here to provide facilities in the provision of financial services for the community. The ease of convenience offered through unsecured online loans carries the risk of loan defaults made by debtors. The purpose of this research is to find out what is the urgency of the need for collateral as one of the requirements for submitting online loans and how online registration of fiduciary collaterals can be a preventive measure for bad credit in online credit distribution. This study uses a normative-juridical research method. The result of this research is that there is a collateral that the online lending agreement functions as a legal umbrella so that debtors' obligations to creditors are fulfilled so that they avoid default, default, and even investor losses in Fintech P2P Lending activities. The importance of having a fiduciary collateral that is registered in the credit agreement online is to avoid a legal vacuum (rechts vacuum) or legal vacuum (wet vacuum) when there is default or default by the debtor.

History—an overview

2018 ◽  
Author(s):  
Oriol Bohigas ◽  
Hans A. Weidenmüller
Keyword(s):  
Random Matrix Theory ◽  
Random Matrix ◽  
Matrix Theory ◽  
Rapid Development ◽  
The Past ◽  
History Of ◽  
And Mathematics

An overview of the history of random matrix theory (RMT) is provided in this chapter. Starting from its inception, the authors sketch the history of RMT until about 1990, focusing their attention on the first four decades of RMT. Later developments are partially covered. In the past 20 years RMT has experienced rapid development and has expanded into a number of areas of physics and mathematics.

The Obligation to Choose

2018 ◽  
Author(s):  
Rachel Crossland
Keyword(s):  
Twentieth Century ◽  
Close Attention ◽  
The Past ◽  
Light Quanta ◽  
Early Twentieth Century ◽  
Wave Particle Duality ◽  
Night And Day ◽  
Scientific Ideas

Chapter 1 explores Woolf’s writings up to the end of 1925 in relation to scientific ideas on wave-particle duality, providing the ‘retrospect of Woolf’s earlier novels’ which Michael Whitworth has suggested shows that she was working ‘in anticipation of the physicists’. The chapter as a whole challenges this idea of anticipation, showing that Woolf was actually working in parallel with physicists, philosophers, and artists in the early twentieth century, all of whom were starting to question dualistic models and instead beginning to develop complementary ones. A retrospect on wave-particle duality is also provided, making reference to Max Planck’s work on quanta and Albert Einstein’s development of light quanta. This chapter pays close attention to Woolf’s writing of light and her use of conjunctions, suggesting that Woolf was increasingly looking to write ‘both/and’ rather than ‘either/or’. Among other texts, it considers Night and Day, Mrs Dalloway, and ‘Sketch of the Past’.

A Big Thank You to our Reviewers in the Past Year!

2021 ◽  
Vol 42 (02) ◽  
pp. 191-195
Keyword(s):  
Decision Making ◽  
Peer Review ◽  
Decision Making Process ◽  
The Past

Good reviewers are essential to the success of any journal and peer review is a major pillar of science. We are grateful to those mentioned below to have dedicated their time and expertise to help our authors improve and refine their manuscripts and support the Editor(s) in the decision making process in the past year.

scholarly journals International Schools for Young Astronomers (ISYA): a programme of the International Astronomical Union

2006 ◽  
Vol 2 (SPS5) ◽  
pp. 221-228 ◽  
Author(s):  
Michèle Gerbaldi
Keyword(s):  
International Schools ◽  
Rapid Development ◽  
Data Access ◽  
International Astronomical Union ◽  
Information And Communications Technologies ◽  
The Past ◽  
Data Archives ◽  
International Astronomical ◽  
Communications Technologies

AbstractThis paper outlines the main features of the International Schools for Young Astronomers (ISYA), a programme developed by the International Astronomical Union (IAU) in 1967. The main goal of this programme is to support astronomy in developing countries by organizing a school lasting 3 weeks for students with typically a M.Sc. degree. The context in which the ISYA were developed has changed drastically over the past 10 years. We have moved from a time when access to any large telescope was difficult and mainly organized on a national basis, to the situation nowadays where data archives are established at the same time that any major telescope, ground-based or in space, is built, and these archives are accessible from everywhere. The concept of the virtual observatory reinforces this access. However, the rapid development of information and communications technologies and the increasing penetration of internet have not yet removed all barriers to data access. The role of the ISYA is addressed in this context.

(Hi)story Telling in the Books of Samuel

2015 ◽  
Author(s):  
Rachelle Gilmour
Keyword(s):  
The Other ◽  
Story Telling ◽  
Literary Reading ◽  
Close Attention ◽  
Critical Questions ◽  
The Past ◽  
Narrative Studies ◽  
Books Of Samuel ◽  
2 Samuel

This chapter introduces the books of Samuel from three angles. The first angle is an overview of its content and macro-structures. Close attention is paid to the patterns in its narrative: the rise and fall of Israel’s leadership and the comparisons and contrasts between these leaders. Second, the focus shifts from the books themselves to the methods of reading them, tracing the development of narrative studies in Samuel. It advocates the integration of final form readings with investigation into historical and source-critical questions of the book, each informing and developing the other. Finally, an example of this integration is demonstrated in a narrative reading of the story of Shimei, David, and Joab in 2 Samuel 20 through the lens of its characteristics of historiography: causation, meaning, and evaluation. Attention to these categories deepens our literary reading, highlighting its values and conception of significance in the past.

Chihuahuan Archaeology

2017 ◽  
Author(s):  
Michael E. Whalen ◽  
Paul E. Minnis
Keyword(s):  
Rapid Development ◽  
Colonial Period ◽  
Complex Societies ◽  
Casas Grandes ◽  
Culture Area ◽  
The Past ◽  
Single Culture ◽  
International Boundary ◽  
Sedentary Life ◽  
The U.S

Northwestern Chihuahua, Mexico, and the U.S. Southwest share broadly similar pre-colonial cultures and sequences of change. In fact, the present-day international boundary artificially divides a single culture area. Even so, northwestern Chihuahua is not simply a southern extension of the U.S. Southwest. This chapter reviews the past of northwestern Chihuahua from the early pre-ceramic era through late pre-Hispanic times, showing how these cultures were similar to and different from their counterparts in the Southwest. It is clear that maize farming and at least semi-sedentary life were introduced early in Chihuahua, and this formed a basis for the rapid development of subsequent cultures. The apogee of the area’s late pre-colonial period is the famous center of Paquimé (or Casas Grandes). It is widely recognized as one of the most complex societies of the pre-Hispanic Pueblo world.

scholarly journals Matriarchal Society in The Secret Life of Bees by Sue Monk Kidd

2020 ◽  
Vol 1 (1) ◽  
pp. 28-33
Author(s):  
Teta Irama Setri ◽  
Dwi Budi Setiawan
Keyword(s):  
Women Characters ◽  
Qualitative Method ◽  
Economic Condition ◽  
Literary Work ◽  
Decision Making Process ◽  
The Novel ◽  
Historical Approach ◽  
The Past ◽  
Library Research ◽  
Feminine Divine

This research discusses a novel which written by Sue Monk Kidd entitled The Secret Life of Bees. The writers aims to describe the matriarchal society issue that is often regarded as the opposed of patriarchy. This research aims to answer the question how levels of matriarchal society described in the novel The Secret Life of Bees through women characters in the story. This study applies descriptive qualitative method and typically library research. This research applies socio-historical approach in order to look at the relation between literary work and society’s historical elements that happen in the past. At political level, August character shows as the matriarch or the leader in community with important role for overcoming conflict and decision making process. At economical level, it shows that matriarchal society common practice has right and same position in economic affair and giving gift each other to make the economic condition balance. Last, at spiritual and cultural level, it is described that women characters in The Secret Life of Bees believe in feminine divine which is the Black Mary and doing worship for her. In conclusion, The Secret Life of Bees novel clearly depicts matriarchal society based on the theory of Matriarchy by Heide Göettner-Abendroth.Keyword: The Secret Life of Bees, Matriarchy, Matriarchal Society, Levels of Matriarchal Society, Socio-historical Approach

scholarly journals PENGAMBILAN KEPUTUSAN TENAGA KERJA INDONESIA (TKI) PEREMPUAN UNTUK BEKERJA DI LUAR NEGERI: KASUS KABUPATEN CILACAP

2017 ◽  
Vol 12 (1) ◽  
pp. 39
Author(s):  
Aswatini Raharto
Keyword(s):  
Decision Making ◽  
Secondary Data ◽  
Qualitative Approach ◽  
Migration Decision ◽  
Decision Making Process ◽  
Women Migrants ◽  
Economic Reason ◽  
Government Institutions ◽  
The Past ◽  
Work Abroad

In the past, women migrants are considered as passive migrants following their parents or husbands. However, the increasing number of Indonesian women migrating to work abroad, even outnumbering men, suggests the importance of understanding the reasons underlined their movements. This article examines the decision-making process of working abroad among the returned Indonesian women migrants. A quantitative approach was used to analyze secondary data from several government institutions. Also, the qualitative approach was utilized to understand the migration decision-making process. The study was conducted in Cilacap District, one of the major labor migrant sending districts in Indonesia. The result showed that women have no other choice than working abroad, mainly due to the economic reason. Moreover, the initiative to work abroad commonly comes from the women themselves, while other family members, especially father and husband, only give their consent. It can be said that women are more autonomous and self-assured when deciding to work abroad. 

Sign in / Sign up

Export Citation Format

Share Document