Financial Worlds Research Articles

A STUDY ON THE APPLICATION OF BLOCKCHAIN TECHNOLOGY SUPPORTS CRYPTOCURRENCY

A Blockchain is essentially a distributed database of records, or public ledger, of all completed and shared transactions or digital events. Each transaction in the public ledger is validated by a majority of the system's members. Information can never be deleted after it has been submitted. The Blockchain includes a precise and verifiable record of every single transaction that has ever occurred. The most well-known application of Blockchain technology is Bitcoin, a decentralized peer-to-peer digital money. Although the digital currency bit coin is very contentious, the underlying Blockchain technology has performed perfectly and has found a wide range of uses in both the financial and non- financial worlds. The basic idea is that the Blockchain creates a means for achieving distributed consensus in the digital online world. By producing an unquestionable record in a public ledger, involved entities may be assured that a digital event occurred. It paves the way for the transition from a centralized to a democratic, open, and scalable digital economy. This innovative technology offers huge possibilities, and the change in this field has just begun. This research paper describes Blockchain technology supports crypto currency and some specific applications in both the financial and non- financial sector and also this research paper will examine the difficulties that lie ahead and the business opportunities for this fundamental technology that is going to transform our digital world. Keywords: Blockchain, Bitcoin, Financial and non-financial sector, Technology

Entropy, the Information Processing Cycle, and the Forecasting of Bull and Bear Market Peaks and Troughs

Many econophysics applications have modeled financial systems as if they were pure physical systems devoid of human limitations and errors. On the other hand, traditional financial theory has ignored limits that physics would impose on human interactions, communications, and computational abilities. The entropic yield curve blends the physical and human financial worlds in a new, powerful, and surprisingly simple way. This article uses this information theoretic perspective to provide a new explanation of the dynamics and timing of financial cycles. Additionally, the entropic yield curve offers a new method of forecasting market peaks and troughs.

Representation of Probability Distributions With Implied Volatility and Biological Rationale

Economic and financial theories and practice essentially deal with uncertain future. Humans encounter uncertainty in different kinds of activity, from sensory-motor control to dynamics in financial markets, what has been subject of extensive studies. Representation of uncertainty with normal or lognormal distribution is a common feature of many of those studies. For example, proposed Bayessian integration of Gaussian multisensory input in the brain or log-normal distribution of future asset price in renowned Black-Scholes-Merton (BSM) model for pricing contingent claims. Standard deviation of log(future asset price) scaled by square root of time in the BSM model is called implied volatility. Actually, log(future asset price) is not normally distributed and traders account for that to avoid losses. Nevertheless the BSM formula derived under the assumption of constant volatility remains a major uniform framework for pricing options in financial markets. I propose that one of the reasons for such a high popularity of the BSM formula could be its ability to translate uncertainty measured with implied volatility into price in a way that is compatible with human intuition for measuring uncertainty. The present study deals with mathematical relationship between uncertainty and the BSM implied volatility. Examples for a number of common probability distributions are presented. Overall, this work proposes that representation of various probability distributions in terms of the BSM implied volatility profile may be meaningful in both biological and financial worlds. Necessary background from financial mathematics is provided in the text.

Entropy, the Information Processing Cycle, and the Forecasting of Bull and Bear Market Peaks and Troughs

Many econophysics applications have modeled financial systems as if they were pure physical systems devoid of human limitations and errors. On the other hand, traditional financial theory has ignored limits that physics would impose on human interactions, communications, and computational abilities. The entropic yield curve as developed in (Parker 2017) blends the physical and human financial worlds in a new, powerful, and surprisingly simple way. This paper uses this information theoretic perspective to provide a new explanation of the dynamics and timing of financial cycles. Additionally, the entropic yield curve offers a new method of forecasting market peaks and troughs.

Applicable Law on Demobilized and Dematerialized Securities

In this paper Wael Saghir examines the priority in the business and financial worlds for companies to pursue reduced transaction costs, creating a trend towards demobilization or dematerialization of securities. His paper explains the nature of securities and the governing laws needed to resolve problems of conflict of law rules related to securities.

A systematic review of evaluation research in integrated behavioral health care: Operational and financial characteristics.

Integrated behavioral health care (IBHC) is an emerging solution for the delivery of behavioral health in primary care contexts. Although IBHC has been implemented and studied for more than 2 decades, little seems to be known about how it is best evaluated. This article illustrates a framework for IBHC evaluation based on the Three World view (with a focus on the operational and financial worlds) and delivers results from a systematic review on the operational and financial characteristics of existing IBHC research. This study identified original reports of research that included an evaluation or assessment of the operational or financial success or sustainability of IBHC sites or programs. A total of 3,386 articles were found through the selected databases and 46 articles were found to meet the inclusion criteria. From the 46 articles that contained an IBHC evaluation including operational or financial variables, 9 operational and 11 financial characteristics were identified as barriers or strengths to sustainability or success. The characteristics of the evaluation participants, IBHC settings, and method of evaluation were also coded and analyzed. As a result of this systematic review of articles, evaluation of the success and sustainability of the operational and financial worlds can now be conceptualized at provider and practice levels. Collaboration and communication between medical and behavioral health providers was a significant operational characteristic related to success and sustainability. Financial characteristics indicated that continuous financial evaluation throughout implementation was important to success and sustainability. (PsycINFO Database Record

Financial–Real-Side Interactions in an Extended Monetary Circuit with Shadow Banking: Loving or Dangerous Hugs?

:Monetary circuit (MC) theory is one of the most interesting attempts to formally describe the functioning of a monetary production economy as centered on the concept of the flux–reflux of money. Endogenous money creation by commercial banks allows the circuit to open and firms to implement production processes. Financial markets “passively” close the circuit by intermediating savings via bond and equity issuance. Despite its natural focus on financial-real side links, the monetary circuit literature has paid relatively little attention to “financialization” and the way it has modified real-financial dynamics. In this article, we analyze whether the flux–reflux perspective of the circuit may be fruitfully applied to the description of the linkages between the real economy and finance in a financialized economy. We propose two interconnected circuits, one for the real economy and one for the financial one. In this context, finance can still ensure a consistent closure of the whole system, thus directly allowing the functioning of the real economy. Newly developed inside-finance interactions, however, may indirectly influence real world dynamics, by easing/restricting access to credit/financial markets, and give rise to boom-and-bust cycles. Our aim is twofold: modeling modern financial worlds within an MC framework and understanding how financialization could have changed real-financial interactions.

The clinical, operational, and financial worlds of neonatal palliative care: A focused ethnography

Due to multiple issues, integrated interdisciplinary palliative care teams in a neonatal intensive care unit (NICU) may be difficult to access, sometimes fail to be implemented, or provide inconsistent or poorly coordinated care. When implementing an effective institution-specific neonatal palliative care program, it is critical to include stakeholders from the clinical, operational, and financial worlds of healthcare. In this study, researchers sought to gain a multidisciplinary perspective into issues that may impact the implementation of a formal neonatal palliative care program at a tertiary regional academic medical center. In this focused ethnography, the primary researcher conducted semistructured interviews that explored the perspectives of healthcare administrators, finance officers, and clinicians about neonatal palliative care. The perspectives of 39 study participants informed the identification of institutional, financial, and clinical issues that impact the implementation of neonatal palliative care services at the medical center and the planning process for a formal palliative care program on behalf of neonates and their families. Healthcare professionals described experiences that influenced their views on neonatal palliative care. Key themes included: (a) uniqueness of neonatal palliative care, (b) communication and conflict among providers, (c) policy and protocol discrepancies, and (d) lack of administrative support. The present study highlighted several areas that are challenging in the provision of neonatal palliative care. Our findings underscored the importance of recognizing and procuring resources needed simultaneously from the clinical, operational, and financial worlds in order to implement and sustain a successful neonatal palliative care program.

SUKUK MUDHARABAH SEBAGAI INSTRUMEN KEUANGAN ISLAM IDEAL KONTEMPORER

The year 2012 and 2013 can be regarded as the mudaraba sukuk revival since winning number and the value as compared to previous years. Indonesian mudaraba sukuk attract Islamic financial worlds' attention, because he was the first Indonesian sukuk while abroad is more aitively issuing ijara sukuk. In addition, it is identified that the Indonesia mudaraba sukuk is very attractive to investors and seem to be consistent and honest, but why ultimately mudaraba sukuk like abandoned? Actually, the more appropriate format for sukuk is mudhrabah while it is difficult to be applied in Islamic banking.
 Indonesia mudaraba sukuk application is quite phenomenal because it provides a very high return even once reached 24.3%, the highest return compared to all the world's sukuk and more Islamic and even more consistent in many ways. However, according to the application in general, mudaraba sukuk is still not consistent in terms of Shariah compliance, such as providing income and principal guarantees. Further, the fluctuation phenomenon of use of fixed return sukuk type and floating return in Indonesia is quite interesting to obseroe the high returns associated with these and also with the market desire to implement the shariah compliant sukuk. The authors analyze the problem in this paper qualitatively from two perspectives, namely through sharia compliance perspective and the perspective of investment effectiveness.
 Key words: mudaraba, sukuk, Islamic financial, Islamic banking

Geographies of finance I

At a time of ongoing crisis and transformation in financial relations, structures and processes, it would be all too easy to limit our geographical explorations of finance to the narrow temporal window of the early-twenty-first-century here-and-now. Fortunately, recent years have seen the publication of a number of studies that examine geographies of finance in a much wider array of historical contexts. This article reports on the findings of such studies. Reading them in the light of Foucault’s injunction to write histories explicitly of the present, it argues that they provide an essential historical-geographical foundation for understanding the more immediate geographies of contemporary – and perhaps future – financial worlds.

Clinical process analysis.

157 Background: MD Anderson has been working with Harvard on a pilot project for Time Driven Activity Based Costing: a component is Clinical Process Analysis, which brings value on its own. It provides a visualization that “speaks” to those delivering the service. This brings great awareness of frontline reality for staff and leaders alike and the many “ah-ha” moments creates a urgency for improvement. As Berwick shared in his keynote speech at IHI 2011, "the quality movement will rise or fall on its success in reducing the cost of health care.” In order to make the right changes, who best to reduce the cost, than those delivering the service? According to Don Berwick and Dr. Brent James, the burden of changing the face of healthcare lies with us. Methods: When frequencies, probabilities and salaries are incorporated into processes of patient care, the cost of direct labor can be determined and opportunities for improvement visualized. Based on lessons learned, tools (data driven road maps, blueprints) and successful strategies (standardized process flow maps templates) have been developed to efficiently and effectively disseminate Clinical Process Analysis throughout clinical areas. Results: Data analysis and front-line reality are synchronized. Allows a “broader” view of the patient’s journey outside of one’s own discipline. Builds bridge between financial and clinical worlds by engaging clinicians through a patient-centered care perspective rather than a perspective of budget, variance and financial cost reduction. Identifies opportunities for improvement. Provides opportunities to build “psychological safety” in order for frontline staff to share with clinical area leadership the process realities of patient care. Based on feedback from physicians, managers, staff and financial experts, the process flow charts are useful to track patient flow, resource utilization, customer satisfaction, patient education, and on-boarding of new staff. Conclusions: Clinical Process Analysis provides an engaging first step to drive improvement in clinical quality and financial performance.

Anthropology with Business: Plural Programs and Future Financial Worlds

How can we imagine and perform an anthropological practice with business, that is, not from a distanced perspective but through a mutual infolding and engagement? How might such an arrangement then be exemplary for novel economic experiments of the kind anthropologists often describe? Reflecting on several years' of collaborations with each other, the authors recount their relationship as an experiment in novel engagements with economic things (money, corporations, universities, accounting principles, computers, etc.) in an industrial and university site. The paper puts forward a theoretical argument about exaptive and nonadaptive plurality that opens new pathways for alternative and sometimes quite conventional values. The context is a specific set of projects around money and payment. The intellectual background is the anthropology of finance and alternative economies.

Dickens Today

This essay suggests a way in which Dickens’s novels might be made more immediately accessible to students by drawing parallels between the sociopolitical situations they describe and our own. It is based mainly on Our Mutual Friend and Little Dorrit, but calls on to Great Expectations and The Old Curiosity Shop too. The manifestations of the unchallenged rule of money are examined like, among others, the collusion between the political and the financial worlds, nepotism, the get-rich-quick syndrome or the ostentatious exhibition of wealth. The consequences of such a state of affairs are then drawn: on the general level with, mainly, the growing gap and distrust between the haves and the have-nots and on the individual level with the temptation ordinary people are led into, either of utter selfishness or of withdrawal into private life. It also looks at the alternatives, such as the dream of a return to a golden age, or the relief given by satirical laughter, both signs of helplessness against the power of money, even if Dickens’s novels always end with the righteous being rewarded.

Conceptualising care for childhood obesity: a three‐world view

PurposeThis review paper seeks to conceptualise childhood obesity through clinical, operational, and financial procedures. It informs multiple disciplines about: the trajectory of paediatric obesity and current recommendations; the trends in the clinical, administrative/policy and financial worlds of paediatric obesity; and discusses commonly misunderstood collaborative terms.Design/methodology/approachThe paper is based on analysis of national and international policy documents and research papers in the field.FindingsPaediatric obesity treatment teams, programmes, and providers could all benefit from a document that bridges the disciplines of medicine, other professions, and financial management. A family centred, multidisciplinary approach is necessary at all stages of obesity treatment care and the three‐world model discussed is helpful in achieving this. The clinical, operational, and financial aspects of the service need to be integrated in a way that reduces the barriers to accessing services.Originality/valueThe paper combines perspectives from different service sectors: clinical, operational, and financial. To facilitate interdisciplinary cooperation, it offers common definitions of terms that often have different meanings for those involved.

Painting for profit: the economic lives of seventeenth-century Italian painters

In this highly original book five leading art historians team up with two distinguished economic and social historians to investigate the financial worlds of painters in Baroque Italy. Exploring the many variables that determined the prices asked or received by painters-including the status of their patrons, the size of works and time spent making them, their subject matter, and their number of figures-the authors offer major insights into the social lives, psychological disposition, and economic circumstances of a wide range of major and minor artists.

Integrated Primary Care: An Inclusive Three-World View Through Process Metrics and Empirical Discrimination

Integrating behavioral health services within the primary care setting drives higher levels of collaborative care, and is proving to be an essential part of the solution for our struggling American healthcare system. However, justification for implementing and sustaining integrated and collaborative care has shown to be a formidable task. In an attempt to move beyond conflicting terminology found in the literature, we delineate terms and suggest a standardized nomenclature. Further, we maintain that addressing the three principal worlds of healthcare (clinical, operational, financial) is requisite in making sense of the spectrum of available implementations and ultimately transitioning collaborative care into the mainstream. Using a model that deconstructs process metrics into factors/barriers and generalizes behavioral health provider roles into major categories provides a framework to empirically discriminate between implementations across specific settings. This approach offers practical guidelines for care sites implementing integrated and collaborative care and defines a research framework to produce the evidence required for the aforementioned clinical, operational and financial worlds of this important movement.

Le cas de l'autorité de régulation des télécommunications

The Case of the Telecommunications Regulation Authority Jean-Michel Hubert The Telecommunications Regulation Authority shows that, given the function assigned to the regulator (to enable the liberalisation of a market and its opening to competition), its responsibility takes on several forms : an institutional form vis à vis the authorities appointing its members; a functional form for users and operators ; a moral form vis à vis other actors. This responsibility must be evaluated, but also subject to jurisdictional procedure. The Authority also shows that the regulator’s independence, in regard to both public authorities and actors in the industrial and financial worlds, rests on the transparency, rigour, and fairness which condition the institution’s credibility and trustworthiness.

Economics on Trial: Lies, Myths, and Realities

As the concern continues to dominate headlines, businesspeople scramble to understand how traditional economic theory fits into their daily planning and investment strategy. An economist and financial analyst, Mark Skousen puts today's economics on trial and finds it guilty! Based on 20 years of experience in the business and financial worlds, Skousen shows readers what economics is really all about.

Oligarchic Tendencies in National Policy-Making: the Role of the Private Policy-Planning Organizations

TiHE PURPOSE OF THIS ESSAY iS to contribute to the development of a more specific and useful version of the model of the policy-making process. We are not going to argue the theoretical merits of elitism, or re-open the seemingly endless debates regarding the concepts of power, elitism, or pluralism. We ask the indulgence of readers who find elitist theories and concepts unsatisfactory at the outset. We shall endeavor, first, to set forth a more detailed, working model of oligarchy in national policy-making; second, to identify the organizations which contribute to cohesion and consensus among top corporate, financial, and governmental leaders; third, to identify the individuals by name who direct these organizations and to note their linkages with the corporate and financial worlds; fourth, to observe their role in recruiting individuals for high government positions; and finally, to specify some

Making the most out of publicity

• Publicity is a vital arm of marketing. In the wider sense it covers all marketing communications — advertising, public relations, direct‐mail, brochures, display, films, exhibitions. • Before deciding which publicity technique to use, identify and analyse your problem in communication terms. • Establish the desired relationship between editorial publicity, advertising and direct‐mail, and plan your campaign accordingly. • Technical arrogance and poor interdepartmental communication can prevent industrial companies from developing their full potential. • The presentation of facts about your company and the offer of sound career opportunities, is the key to the recruitment of the best brains. • What image does your company present to the financial and investment worlds?