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Author: Lech Gąsiorkiewicz
Publisher: Taylor & Francis
ISBN: 1000837815
Category : Business & Economics
Languages : en
Pages : 257
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Book Description
The digital transformation of finance and banking enables traditional services to be delivered in a more effective and efficient way but, at the same time, presents crucial issues such as fast-growing new asset classes, new currencies, datafication and data privacy, algorithmization of law and regulation and, last but not least, new models of financial crime. This book approaches the evolution of digital finance from a business perspective and in a holistic way, providing cutting-edge knowledge of how the digital financial system works in its three main domains: banking, insurance and capital markets. It offers a bird’s-eye view of the major issues and developments in these individual sectors. The book begins by examining the wider framework of the subsequent analysis and over the next three parts, discusses the opportunities, risks and challenges facing the digitalization of these individual financial subsectors, highlighting the similarities and differences in their digitalization agenda, as well as the existing linkages and dependencies among them. The book clarifies the strategic issues facing the development of digital finance in these major subsectors over the coming years. The book has three key messages: that digital transformation changes fundamentally the way financial businesses operate; that individual trades have their own digitalization agenda; and that the state with its regulatory power and central banking and money has a particularly important role to play. It will be of interest to scholars, students and researchers of finance andbanking, as well as policymakers wishing to understand the values and limitations of new forms of digital money.
Author: Lech Gąsiorkiewicz
Publisher: Taylor & Francis
ISBN: 1000837815
Category : Business & Economics
Languages : en
Pages : 257
Get Book Here
Book Description
The digital transformation of finance and banking enables traditional services to be delivered in a more effective and efficient way but, at the same time, presents crucial issues such as fast-growing new asset classes, new currencies, datafication and data privacy, algorithmization of law and regulation and, last but not least, new models of financial crime. This book approaches the evolution of digital finance from a business perspective and in a holistic way, providing cutting-edge knowledge of how the digital financial system works in its three main domains: banking, insurance and capital markets. It offers a bird’s-eye view of the major issues and developments in these individual sectors. The book begins by examining the wider framework of the subsequent analysis and over the next three parts, discusses the opportunities, risks and challenges facing the digitalization of these individual financial subsectors, highlighting the similarities and differences in their digitalization agenda, as well as the existing linkages and dependencies among them. The book clarifies the strategic issues facing the development of digital finance in these major subsectors over the coming years. The book has three key messages: that digital transformation changes fundamentally the way financial businesses operate; that individual trades have their own digitalization agenda; and that the state with its regulatory power and central banking and money has a particularly important role to play. It will be of interest to scholars, students and researchers of finance andbanking, as well as policymakers wishing to understand the values and limitations of new forms of digital money.
Author: Claudio Scardovi
Publisher: Springer
ISBN: 3319669451
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
This book analyzes the set of forces driving the global financial system toward a period of radical transformation and explores the transformational challenges that lie ahead for global and regional or local banks and other financial intermediaries. It is explained how these challenges derive from the newly emerging post-crisis structure of the market and from shadow and digital players across all banking operations. Detailed attention is focused on the impacts of digitalization on the main functions of the financial system, and particularly the banking sector. The author elaborates how an alternative model of banking will enable banks to predict, understand, navigate, and change the external ecosystem in which they compete. The five critical components of this model are data and information mastering; effective use of applied analytics; interconnectivity and “junction playing”; development of new business solutions; and trust and credibility assurance. The analysis is supported by a number of informative case studies. The book will be of interest especially to top and middle managers and employees of banks and financial institutions but also to FinTech players and their advisers and others.
Author: Usman W. Chohan
Publisher: Taylor & Francis
ISBN: 100086023X
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
Contemporary financial markets have been characterized by sociocultural phenomena such as "meme stocks", the Gamestop short squeeze, and "You Only Live Once (YOLO) trading". These are movements led by small-scale retail investors banding together to participate forcefully in financial markets through decentralized but coordinated actions. This book deploys many different subdisciplines to explore the recent ‘power grabbing’ of retail investors and the online environment that enables them to join the ranks of major financial players, and participate in contemporary capitalism. It offers multiple perspectives on the genesis, role, motivations, power, and future prospects of retail investors as a force in contemporary financial markets. Drawing upon the insights of authors hailing from many different countries, the book frames YOLO capitalism through numerous angles that help to explain the context and the importance of activist retail investors in modern financial markets, and thereby explore the possibilities of a transformed financial future with much wider small-scale participation. The book assesses the potential of online - and other - communities in enabling global coordination in impacting or even driving financial and crypto markets, and the challenges that come with it and weighs the competing narratives both positive and negative regarding YOLO capitalism. It strikes a balanced assessment of their legal, cultural, behavioural, economic, and political roles in modern finance. This book will be of interest to a multidisciplinary and interdisciplinary audience of scholars in financial markets, financial regulation, political economy, public administration, macroeconomics, corporate governance, and the philosophy and the sociology of finance.
Author: Renata Karkowska
Publisher: Taylor & Francis
ISBN: 1000865258
Category : Business & Economics
Languages : en
Pages : 142
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Book Description
European economies have been plagued by successive crises, from the Global Financial Crisis (GFC) to the COVID-19 pandemic, through to the economic and geopolitical instability in Ukraine. These events, the uncertainty they generate combined with dynamic technological progress and significant sociocultural changes, have profoundly modified the character of modern finance. Understanding what happened, what mechanisms worked, and the reaction of the banking sector, bank customers, and policymakers require an in-depth and structured analysis. This book critically assesses the impact of these events, notably the COVID-19 pandemic, on the performance of the banking sector in Europe and serves as a compendium of knowledge on recent changes in European banking from two perspectives: firstly, European banking transformation, analyzing the process of what has already taken place, in particular, the GFC and COVID-19 crises; secondly, the challenges facing the operations and strategic management of European banks. It identifies specific areas of impact on the activity of commercial banks and the determining factors that will shape the economic and financial condition of banks and their customers – borrowers – in the future. Risk management, particularly credit risk, is a key focus of this volume. Each chapter, implicitly or explicitly, address a variety of questions that can help the reader to understand the complex nature of the transformation of the banking sector. The book provides a structured reference for those concerned with the impact of volatility on the business models of modern banks. As such, it will find a broad audience among students, academics, banking, financial, business, and industry professionals, policymakers, and market regulators.
Author: Paul Wachtel
Publisher: Taylor & Francis
ISBN: 1000913570
Category : Business & Economics
Languages : en
Pages : 201
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Book Description
The monograph presents a comprehensive analysis of the impact of the COVID-19 pandemic on European banking, both at a macro and a micro level. It analyses the impact of the pandemic on bank stability, performance and credit policies, as well as their strategic adjustments to the challenges brought about by the COVID-19 pandemic. The initial chapters analyze the various governmental responses to the pandemic. Topics of discussion include the scale and scope of the wide range of public policies undertaken to mitigate the consequences of the crisis, and their efficiency in limiting the negative impact of the pandemic on the economy. The results suggest that the extensive public interventions have been largely successful in averting the possible disastrous consequences for the financial sector on a macro level. On a micro level, the COVID-19 pandemic has disrupted the restructuring and recovery of the banking industry started after the 2008 crisis which has had a significant impact on economies around the world, arguably leading to a negative long-lasting effect on sustainable development. To examine this, the book focuses on the impact of the pandemic on bank lending policies, bank stability and performance, and on competitive position of the banks vis a vis the FinTech sector. Offering a thorough overview of the issues that banks will have to face as a consequence of pandemic related macroeconomic and industry adjustments, the book will be of interest to scholars, researchers and students of banking and finance as well as banking specialists concerned with the impact of crises on financial markets, risks and resilience.
Author: Gianni Nicolini
Publisher: Taylor & Francis
ISBN: 1000923843
Category : Business & Economics
Languages : en
Pages : 116
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Book Description
This book provides a comprehensive analysis of the cryptocurrency phenomenon from a financial/monetary point of view. It offers a unique slant in at least two ways, with the financial perspective as the reference point. An examination of the technicalities surrounding blockchain and the mining of cryptocurrencies is included, but the reading is oriented to those who seek to better understand how these technical issues help to explain the functioning and the potential of cryptocurrencies, without touching on coding aspects. Moreover, the book addresses cryptocurrencies as an evolution of the concept of money, and it frames the analysis to give readers all the knowledge needed to connect the cryptocurrency phenomenon with traditional monetary theories. In so doing, cryptocurrencies are not considered as a completely disconnected trend, set apart from traditional financial systems, but as innovations that will push the concept of money forward, without dismantling previous foundations. The book also includes a discussion on central banks, and stresses how their initial diffidence toward cryptocurrencies has turned into a more active approach that includes projects to develop the so-called Central Bank Digital Currencies (CBDC), thereby completing the analysis of the state of the art of the cryptocurrency surge. The mix of theoretical content on the concept of money, the description of payment tools and the functioning of the payment industry, and the analysis of blockchain and the cryptocurrency markets makes the book interesting reading for researchers, scholars and students of economics, finance, or business, enabling them to develop the ability to understand the dynamics of the cryptocurrency phenomenon and its possible evolution.
Author: Albuquerque, Fábio
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
Traditional approaches of accounting and auditing are struggling to keep pace with the rapid changes brought about by technological advancements, shifting societal norms, and emerging regulatory frameworks. As a result, professionals in the field find themselves grappling with a myriad of challenges, from navigating complex reporting standards to addressing issues of social inclusion and sustainability. Moreover, the gap between academic research and practical application widens, hindering the ability of professionals and educators to adapt to the demands of the modern accounting profession. Contemporary Innovations in Reporting and Analysis emerges as a solution to these pressing challenges, offering a comprehensive exploration of the latest trends, methodologies, and best practices in accounting and auditing. By critically analyzing topics such as digital transformation, innovative data sources, and sustainability reporting, this book equips professionals with the knowledge and tools needed to navigate the complexities of financial reporting in today's dynamic environment. Through its interdisciplinary approach and emphasis on embracing innovation, the book bridges the gap between theory and practice, empowering professionals to stay ahead of the curve and make informed decisions in their day-to-day work.
Author: Weshah Razzak
Publisher: Taylor & Francis
ISBN: 1000880559
Category : Business & Economics
Languages : en
Pages : 358
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Book Description
This book explains inflation dynamic, using time series data from 1960 for 42 countries. These countries are different in every aspect, historically, culturally, socially, politically, institutionally, and economically. They are chosen on the basis of the data availability only and cover the Middle East and North Africa (MENA) region, Africa, Asia, the Caribbean, Europe, Australasia, and the United States. Inflation reached double digits in the developed countries in the 1970s and 80s, and then central banks, successfully stabilized it by anchoring inflation expectations for decades, until now. Conditional on common and country-specific shocks such as oil price shocks, financial and banking and political crises, wars, pandemics, natural disasters etc., the book tests various theoretical models about the long and short run relationships between money and prices, money growth and inflation, money growth and real output, expected inflation; the output gap, fiscal policy, and inflation, using a number of parametric and non-parametric methods, and pays attention to specifications and estimations problems. In addition, it explains why policymakers in inflation – targeting countries, e.g. the U.S., failed to anticipate the recent sudden rise in inflation. And, it examines the fallibility of the Modern Monetary Theory’s policy prescription to reduce inflation by raising taxes. This is a unique and innovative book, which will find an audience among students, academics, researchers, policy makers, analysts in corporations, private and central banks and international monetary institutions.
Author: Ugo Biggeri
Publisher: Taylor & Francis
ISBN: 1000935515
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
The debate on connections between economic activity and socio-environmental impact has become increasingly relevant. As a result, ethical finance is emerging from its niche. However, the terms "ethical finance" and "sustainable finance" are often confused and overlapping, and the risk of greenwashing is high. Many authors suggest the need of a paradigm shift because the present economic system is no longer able to maintain a safe environment. Tim Jackson explicitly argues about the need of a future of "prosperity without growth". From the experiences of ethical finance, we can identify some interesting tools to achieve that goal. This book explains how ethical finance works and which innovations it has engendered in financial and economic systems; clarifies the links between finance and ethics, going beyond Environmental, Social and Governance (ESG) investing, and offers an approach, which is vital for most financial sectors, from microcredit to impact investing; investigates the goals, constraints, and opportunities of environmental and social considerations in finance and explores the more innovative experiences in banking and investing. It helps readers understand the phenomena in depth, distinguishing the strategic, managerial, organizational, and risk practices of ethical finance. The authors adopt a holistic but critical approach, both with respect to the practices exercised by financial intermediaries, and with reference to new regulatory aspects. The book identifies the key issues and current challenges of ethical finance, both for financial operators and regulators. Several concrete international cases offer empirical comparisons of practices, and as such it will be an invaluable reference for academics and researchers who wish to deepen their knowledge of ethical finance.
Author: Mohammad Irfan
Publisher: Springer Nature
ISBN: 3031473248
Category :
Languages : en
Pages : 304
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Book Description
