Agroecology and biodiversity: the kind of farming we need to secure our food supply is also wildlife friendly
Our world is dominated by a clearly definable oligarchy: of big governments, like Britain’s; big industry and big finance, which mainly means the transnational corporates and the global banks; and ...
- Book Chapter
- 10.1007/978-981-19-6164-9_4
- Jan 1, 2023
The bioeconomic industry is formed with the integrated and coordinated development of the big industry, the big market, and big finance by applying the bioeconomic models under the guidance of the bioeconomic theory. It consists of the three stages of the bioindustry, the big industry, and the bioeconomic industry.
- Research Article
2
- 10.2139/ssrn.2555098
- Jan 25, 2015
- SSRN Electronic Journal
According to computer scientists at Columbia University, “A vulnerability inside all current Cisco IP phones allows hackers to take complete control of the devices… It’s relatively easy to penetrate any corporate phone system, any government phone system…” reported IEEE Spectrum article. Multiple news sources and blog ‘Cisco Phone Hack’ of computer security expert Bruce Schneier noted: “All current Cisco IP phones, including the ones seen on desks in the White House and aboard Air Force One, have a vulnerability that allows hackers to take complete control of the devices.” Voice over Internet Protocol based networks have been gaining central prominence in global banking and finance industry over the past decade. In recent years, they have been considered a primary avenue for costs optimization and revenue maximization by global banks thus fuelling exponential growth based upon worldwide adoption. Despite central role both technologically and economically, sparse attention has been given to critical vulnerabilities described as the ‘weakest link’ in global banking and finance networks and the ‘soft targets’ in the underbelly of global banking and finance. This article’s focus is on addressing these critical gaps in global banking and finance practices and key industry frameworks underlying prudent risk management and information assurance practices for global banking and finance.
- Conference Article
2
- 10.1109/wse.2010.5623577
- Sep 1, 2010
Since its big bang end of the nineties, commercial web service evolution faces continuous technology change, with an even higher rate than software development in general. To manage this evolution in a systematic way is quite a challenge for large global enterprises. This talk introduces the managed evolution approach of Credit Suisse AG, a global bank and one of the technology leaders in the financial industry. Quite unknown to the public, the financial industry is extremely IT depended with a typical proportion of about 20% of all employees working to develop and run IT systems. Additionally, global banks run the largest commercial data centers with tenthousends of servers, databases in the petabyte range and thousands of mostly self-developed applications with a typical release cycle of some months.
- Research Article
- 10.32996/jefas.2023.5.4.4
- Aug 11, 2023
- Journal of Economics, Finance and Accounting Studies
At present, China's big health industry is developing rapidly, but due to its characteristics of heavy assets, slow returns and public welfare attributes, the further development of the big health industry is mostly restricted by factors such as policy supervision, capital reserves, technology and technology [iResearch, 2019]. The introduction of the PPP model into the field of general health is conducive to the formation of benefit sharing, risk sharing and long-term cooperative relations between the government and the market [Ding C et al.,2019]. This article analyzes the legal concerns of the PPP project financing process in the big health industry, discusses the design of appropriate system construction, legalizes the space for the legalization of financing rules at the legal level, and then straightens out the system and conditions for the realization of PPP project financing in the big health industry in China so that The health industry will become a new growth point for China's economic development in the future.
- Book Chapter
- 10.4324/9781003089988-5
- Jun 28, 2021
Referring to a benchmark for pricing products and services is a common practice in the global banking and financial industry. The base rate benchmarks generally represent cost of fund, which plays a decisive role in determining the profit or margin for banks. The pricing mechanism of the Islamic financial industry in general converges with the mechanism of its conventional counterpart due to the fact that both the industries use the same or similar benchmarks. There are arguments both in favor and against the practice of using a conventional benchmark for pricing Islamic products and services. Over the years, attempts have been made to develop a distinctive benchmark for the Islamic finance industry, but with limited success. Thus, conventional benchmarks find repeated usage at Islamic financial institutions (IFIs). Being one of the most widely used benchmarks globally, the London Interbank Offered Rate (LIBOR) is frequently referred to by IFIs in their contracts. However, with the planned discontinuation of the LIBOR by end of 2021, and its replacement with the proposed risk-free rate (RFR) benchmark, the challenge for the financial industry in general and IFIs in particular is to adjust their pricing mechanisms. This study analyzes the role and status of benchmarking in IFIs followed by underlining the impacts and implications of the LIBOR transition for IFIs.
- Book Chapter
2
- 10.1007/978-3-319-96953-4_11
- Jan 1, 2018
The chapter analyzes the economic policy of Donald Trump and its impact on the American economy in the first 18 months of his presidency. It begins by defining Trump’s particular kind of populism, that we have called Trumpism, and by reminding some of his major links with economic and financial power. We examine then the implications of Trump’s America first policy, the characters and dangers of his neo-protectionist approach, the reform tax bill and Trump’s policy as regards Obamacare and the environment. Though Trump has not been able to completely demolish Obamacare and his anti-pollution measures, he has deeply weakened Obama’s reforms in both fields. In general, Trump’s policy has contributed to further increase social and economic inequality; to expand the military industry, large corporations, and big finance; and to exacerbate social, racial, and economic divisions in the US and in the international community. In the short-run, his policy has stimulated the economy a little, but has severely worsened public finance and some important public services and has created further social and economic divisions.
- Research Article
- 10.24018/ejdevelop.2021.1.2.16
- Jun 17, 2021
- European Journal of Development Studies
Micro-enterprising is crucial for improving rural households’ food and nutrition status in subsistence agrarian economy like Malawi. There are no studies that have concurrently analyzed the roles of farm and non-farm micro-enterprise diversity on household dietary diversity (proxy measure of household food access) in Malawi. With the following objectives, the study jointly (1) analyzed the effects of farm and non-farm micro-enterprises diversifications on rural household food access, and (2) analyzed relevant socio-economic and institutional factors on household dietary diversity in selected districts of Malawi.
 Data were collected from 1827 households; whereby 779 households were engaged in some kind of farm and non-farm micro-enterprises in six districts with high concentration of micro-businesses and population densities. Both parametric and parametric descriptive statistics, Poisson and Negative Binomial regressions were used for estimations. Of all the factors associated with household dietary diversity, farm and non-farm enterprise diversity, as well as expenditure on food items had played major roles in influencing household dietary diversity. Increasing farm and non-farm micro-enterprise diversity by one micro-business group is associated with the possibility of consuming or having access to all 12 groups of food by the households. Holding other things constant, it is surprisingly found that nutrition education (34.2%, ρ=0.000<0.001) influenced household food dietary diversity more than household heads with formal education (average 5 years of schooling); suggesting that nutrition education, if directly delivered to the household heads regardless of their formal education level, is one of the major factors that can positively and significantly affect household dietary diversity in Malawi.
 These results also resonate to the Government of Malawi’s overarching policy goal of furthering income-generating social and economic activities in order to become less reliant on hand-outs and donors at large. Besides increasing only starchy staple food or monotonous cereal-based diet through various agricultural subsidy programmes, such micro-enterprising programs are also needed to enhance by targeting energy and nutritious food supply that are essential if the country is aiming to expand its industry and service sector with healthy population.
- Research Article
- 10.2139/ssrn.2594859
- Apr 17, 2015
- SSRN Electronic Journal
[Update: Within four weeks of the original publication of this research report, Risk Magazine reported in its 28th February 2012 issue story titled 'Goodbye VaR? Basel to Consider Other Risk Metrics': "A review of trading book capital rules, due to be launched in March by the Basel Committee on Banking Supervision, will consider ditching value-at-risk as the main measure on which market risk capital is calculated, sources say - but it may not be easy to find a replacement." Subsequently, in May 2012, Bank for International Settlements (BIS) published Basel Committee's 'Fundamental review of the trading book - consultative document' proposing the switch from Value-at-Risk (VaR) to Expected Shortfall in order to better capture 'tail risk.']Based upon a literature survey of research on Value-at-Risk (VaR), the predominant measure of financial risk assessment in the global Banking and Finance industry, this presentation outlines the case for advancing beyond VaR for better measurement of systemic financial risks. Specifying why alternatives to VaR are necessary given known inherent limitations of VaR as a measure of systemic risks, it also examines if in years preceding the Financial Crisis, specific limitations of VaR observed in course of the Crisis were foreseen by other researchers. Establishing the need for better measures of systemic risks beyond VaR, based upon a survey of the spectral risk measures, it reviews alternative models and measures from extant research and empirical research on their comparative analysis.
- Research Article
11
- 10.1142/s0219877023300045
- Aug 15, 2023
- International Journal of Innovation and Technology Management
Blockchain is undoubtedly considered one of the most innovative technologies in financial services from the past decade. Interests in blockchain technology continue to grow on a daily basis, while many promising blockchain-enabled applications and services continue to draw financial interest in the industrial sector and the broader financial services communities. Blockchain technology has the potential to streamline lending services and banking, decrease counterparty risk, and reduce settlement times and issuance. It indeed enables authenticated documentation and anti-money laundering (AML)/Know Your Client (KYC) data, minimizing operational ventures and allowing real-time/online validation of financial documents. Furthermore, as blockchain matures, it increases the value of a diversified range of industries and institutes with a better return on investment. However, such organizations must continue to adopt rigorous approaches to enhance their financial services and regulate their policies. In this article, we discuss the current status of blockchain-enabled financial services and applications, in addition to the impacts, implications, and regulations of incorporating blockchain technology in the finance industry. We further tackle the adaptation model for blockchain technology in global banking and provide a vision for the next generation of financial services based on this emerging technology.
- Research Article
- 10.36713/epra7975
- Jul 31, 2021
- EPRA International Journal of Economics, Business and Management Studies
The economic and financial environment in which the Indian banking system is operating is evolving continuously. Developments in global banking are likely to be conditioned by proposed regulatory changes aimed at ring-fencing commercial banking activities. Today banking is known as innovative banking. Information technology has given rise to new innovations in the product designing and their delivery in the banking and finance industries, customer services and customer satisfaction are their prime work. One of the most significant areas where IT has had a positive impact so on substitutes for traditional funds movement services. With the advent of electronic banking electronic funds transfer and other Similar products funds transfer within time frames which would have appeared impossible a few years age. With networking and inter connection new challenges are arising related to security privacy and confidentiality to transactions. Finally the banking sector will need to master a new business model by building management and customer services with a variety of products and controlled cost to stay in the long run.
- Research Article
1
- 10.1016/0022-5428(95)90022-5
- Jun 1, 1995
- Columbia Journal of World Business
Hong Kong's financial industries in transition: An external perspective
- Research Article
2
- 10.37332/2309-1533.2021.5-6.16
- Jan 1, 2021
- INNOVATIVE ECONOMY
Purpose. The aim of the article is identifying opportunities and threats arising from the introduction of new digital technologies by global banking, in particular open-banking and identifying areas of cooperation between banks and third-party providers in the context of open banking. Methodology of research. The theoretical and methodological basis of the study was the scientific works of domestic and foreign scientists on the development of modern trends in innovative financial technologies. The following approaches and methods were used in writing the article: system approach - to substantiate the theoretical and applied principles of financial technology; method of complex analysis and synthesis - in the study of foreign and domestic experience of open-banking; abstract and logical method - when substantiating theoretical generalizations and conclusions. Research methods such as comparative-analytical, observation and tabular method of presenting information were also used. Findings. The essence of such innovative technology as open-banking and possibilities of its implementation in the banking business are determined. The main advantages and disadvantages of open banking by commercial banks for banks and their customers are summarized. Possibilities of implementation of open-banking experience in the realities of Ukraine are substantiated. Originality. According to the results of the study, it is substantiated that open-banking based on the API protocol, Third Party Provider (TPP) is an important trend in the financial industry, which provides open access to banking services, transactions and other financial data. Also in the process of SWOT-analysis identified strengths and weaknesses of banks, opportunities and risks in the context of open banking, as well as proposed forms of cooperation with third-party providers (for example, fin-tech companies) to promote digital ecosystems. Practical value. The obtained results can be used for further research on the implementation of open-banking in domestic practice, as this innovative tool has a stimulating effect on open banking and banks must develop a digitization strategy in terms of open APIs to promote digital ecosystems, especially with the emergence of new competitors, new technological trends, changing customer needs and regulations (PSD2). Key words: bank, financial technologies (fin-tech), digitalization, open-banking, API, TTP, PSD2, digital ecosystems.
- Research Article
- 10.5267/j.ijdns.2025.3.001
- Jan 1, 2025
- International Journal of Data and Network Science
The use of technology in the financial industry has experienced sustained growth in recent years. However, in many emerging economies, a significant proportion of the population still does not utilize digital solutions for financial transactions. Promoting financial inclusion through digital environments is essential for driving social and economic development. This study aims to develop machine learning models to predict the adoption of digital payments in Latin America and the Caribbean using statistical data from the World Bank's Global Findex Database for 2021. The performance of the Random Forest, LightGBM, XGBoost, and CatBoost algorithms was compared, with the optimal hyperparameter combination identified through Bayesian optimization. The results show that LightGBM achieved the highest performance in predicting digital payments, with an F1-score of 90.25% and a more stable balance between precision and recall compared to the other models. These findings highlight the value of machine learning models in the financial sector, as they enable a more accurate identification of users adopting digital solutions, facilitating the design of strategies to strengthen financial inclusion in the region.
- Single Book
4
- 10.4324/9780203808153
- Jun 17, 2013
1. Introduction Burkard Sievers and Susan Long Part 1: Money 2. What is the Value of Money? Allan Shafer 3. Greed Susan Long 4. Money as a Fetish: The Financial Market Crisis from a Psychodynamic Perspective Claudia Nagel 5. Inside the Minds of the Money Minders: Deciphering Reflections on Money, Behaviour and Leadership in the Financial Crisis of 2007-2010 Alison Gill and Mannie Sher 6. The Attempted Murder of Money and Time: Addressing the Global Systemic Banking Crisis Richard Morgan-Jones Part 2: Finance 7. Towards a Socioanalysis of the Current Financial Crisis Burkard Sievers 8. Sense Making Stories and Evaluative Cultures of Fund Managers: Evidence from Istanbul Emre Tarim 9. Socioanalysis of a Wall Street Failure William M. Czander 10. What Me Worry? Deregulation and its Discontents: Accurate Reality Testing Reveals Flaws to Deregulation Seth Allcorn and Howard F. Stein 11. The Failure of Risk Management in the Financial Industry: The Organization in the Mind of Financial Leaders Byron Wollen 12. Risk as Present Futures: An Elaboration on Risk and Fear Peter Pelzer 13. Trading Opportunities and Risks: Conflicting Methods of Coordination in Investment Banks Jesper Blomberg, Hans Kjellberg and Karin Winroth 14. Roles, Risks and Complexity: An Exploration of the Triangle Institutional Investors, Executive Boards and Supervisory Boards in The Netherlands Erik van de Loo and Angelien Kemna 15. When Profit-Seeking Trumps Safety: The Risks and Opportunities of Liminality in Commercial Aviation in Post-9/11 America Amy L. Fraher 16. Social Dreams of the Financial Crisis W. Gordon Lawrence 17. The Consumer Credit Boom and its Aftermath in Hungary: On the Changing Role of Commercial Banks Sandor Takacs 18. Falling Bankers and Falling Banks: A Psychoanalytical Exploration of the Phaethon Motif and the Fall in Financial Careers Hans van den Hooff 19. Melting the Iceberg Unveiling Financial Frames: Compliance Officers and the Performance of Norms in Contemporary Financial Markets Marc Lenglet Part 3: Capitalism 20. Pathology of the Capitalist Spirit David P. Levine 21. Trust and the Global Financial Crisis Douglas Kirsner 22. The Financial Crisis: Exploring the Dynamics of Imagination and Authority in a Post-Industrial World Larry Hirschhorn 23. Profit as Organizing Meaning: The Financial Industry and the Dynamic Theory of Multiple Function Ian S. Miller 24. Anti-Oedipal Dynamics in the Sub-Prime Loan Debacle: The Case of a Study by the Boston Federal Reserve Bank Howard S. Schwartz 25. Capitalist Imperatives and the Democratic Capacities' Constraint: An Examination of the Interface of Modern Capitalist Markets with the World's Largest Worker-Owned Corporation The Mondragon Corporation of Spain Laura Yu 26. Market Masculinities and Electronic Trading Matthias Klaes, Geoff Lightfoot and Simon Lilley Part 4: Conclusion 27. Money, Finances and Capitalism: Issues in Organizational Life for Now and the Future Susan Long and Burkard Sievers
- Research Article
1
- 10.2174/2666796702666210301124727
- Dec 1, 2021
- Coronaviruses
: The COVID-19 pandemic has necessitated focusing on the economic stressors for the welfare of the population worldwide. This pandemic, which has affected individuals globally since January 2020, has caused barriers in the business involving different sectors. The primary sector, i.e., agriculture and food supplies, and the secondary sectors like the manufacturing units, oil and petrol sector, transport sector, travel and tourism as well as the finance industries, have all faced the adverse effect of this pandemic and subsequent lockdown. The different restrictions implemented by the government in most of the countries like quarantine, self-isolation, sealing of national and international borders, a complete shutdown of transport and travel, etc., have disrupted the equilibrium of demand and supply. As an aftermath of such misbalance, the economic conditions in all the sectors have been negatively impacted. In this review, we shall discuss the impact of COVID-19 on the economic condition of different sectors like agriculture, logistics, petroleumbased fuels, commodity market, hospitality and tourism, pharmaceutical industry, and finance industry.
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