Money Today Research Articles

Cryptocurrency Exchange Selection Decision Support System Using Preference Selection Index

Cryptocurrency trading is a very popular business of buying and selling digital money today. Many investors trade cryptocurrency assets through cryptocurrency exchange platforms in the hope of getting a large profit difference. However, the cryptocurrency trading business is not always favourable for investors as choosing the wrong cryptocurrency exchange can result in huge losses from the trades made. Based on these problems, it is necessary to have a decision support system for selecting the most relevant cryptocurrency exchange to be used as a cryptocurrency trading platform that can increase the chances of investors making profits. The decision support system method used in this research is Preference Selection Index (PSI). The results of the selection of cryptocurrency exchanges using the Preference Selection Index (PSI) method in this study recommend Indodax as the most relevant cryptocurrency exchange used by investors to gain profits in running a cryptocurrency trading business because it gets the highest value (0.893662729) compared to 4 other alternatives.

Time value of money dan economic value of time

The concept Time Value of Money states that the value of money today is more valuable than the value of the same money in the future. But in sharia principles there is no such thing as Time Value of Money. In sharia principles, it is better known as the Economic Value of Time, meaning that money actually has no time value, but has economic value. Then the Time Value of Money itself triggers the human desire to develop their money in various ways, one of which is property investment. The purpose of this study is to answer how the investment scheme is in the theory of Time Value of Money and Economic Value of Time. The method discussed here is a case study of property investment using a home ownership credit system using conventional and sharia platforms. From the research conducted, it was found that based on assumption case calculations from several banks, using KPR with the best choice, namely KPR BCA First, if prospective buyers have a preference for Islamic banks by considering Islamic economic principles, the best choice is KPR BTN Syariah. The P2P Lending funding scheme is not a good choice because of the high interest charged.

Greening oil money: The geopolitics of energy finance going green

This article examines the role of “oil money” in promoting the energy transition, tracing activities across the oil industry and countries heavily dependent on oil revenues to bolster their green credentials. Through a case study of the United Arab Emirates (UAE), I argue that financial sustainability is paramount in places and institutions that feel threatened by fossil fuels divestment efforts and other threats to the oil business and the governmental and financial systems that have been built on and through hydrocarbons. Drawing on research in the UAE from 2014 to 2022, the article illustrates how corporate and government leaders profiting from hydrocarbon sales are searching for diversification opportunities to prolong the benefits of the oil money they control. But given the moral taint of oil money today, these actors are especially interested in the symbolic capital derived from “greening” this oil money by investing in sustainability and energy transition activities – which in turn might even allow them to retain control of global energy systems that they have dominated for so long.

Brief Analysis of “Coffee Can Investing” approach

Financial experts agree that while people have much more money today than they did generations ago, the amount of knowledge on how to manage that money hasn’t kept pace- not at all (Maura Fogarty, 2012).

SOCIALIZATION AND COUNSELING OF SAVING MOVEMENT FOR THE EARLY YOUNG GENERATION: SOSIALISASI DAN PENYULUHAN GERAKAN MENABUNG SEJAK DINI BAGI GENERASI MUDA

Savings and investment is one of the indicators in the country's economy that can determine the rate of economic growth. Saving money today is important. Saving money has started to be instilled early by some parents to their children. Because savings have an important role to play in the future. By instilling saving to children early, it is expected to be able to regenerate the habit of saving in the younger generation of this devotion to conduct socialization activities about saving movement to students of madrasah diniyah awaliyah in kp. Sidilem village telaga luhur, district waringin kurung, district serang-banten. This activity aims to provide knowledge and understanding about financial literacy through saving, to foster interest in saving early so that children are used to saving,as well as by giving examples of how to decorate apiggy bank with origami paper. This activity is carried out face-to-face (on the spot training) using the method of delivering socialization materials with counseling techniques, questions and answers, quizzes, piggy bank creations, as well as by adding games. Children's activities result in increasing knowledge about benefits and tips and knowing the making of piggy banks from simple materials. The socialization activities were carried out enthusiastically, as evidenced by their communicative in terms of question and answer during the event. This activity is expected to be continued by the school and also in the surrounding community and able to regenerate saving habits in the next generation of Indonesian youth who are ultimately able to contribute to the nation and the country

Ordinaries

Neoclassical and behavioral economics disagree over the human consumption of dietary fat, a pervasive behavior that increases morbidity and mortality. Neoclassical economics assumes that people are choosing optimal diets, trading off utility and money today in return for disease and early death. In contrast, behavioral economics argues people are making poor dietary decisions. Evolutionary biology suggests that, for our human ancestors, dietary choices were optimal, in a constrained manner consistent with the neoclassical economic model. In the modern environment, which has more and different foods, biology provides no support for the neoclassical view.

Money creation, debt, and justice

Theories of justice rely on a variety of criteria to determine what social arrangements should be considered just. For most theories, the distribution of financial resources matters. However, they take the existence of money as a given and tend to ignore the way in which the creation of money impacts distributive justice. Those with access to collateral are favoured in the creation of credit or debt, which represents the main form of money today. Appealing to the idea that access to credit confers freedom, and that inequalities in this freedom are morally arbitrary, this article shows how the advantage to those with collateral plays out in different ways in today’s economy. The article identifies several forms of bias inherent in money creation, and its subsequent destruction: loans from commercial banks to individuals and corporations, interbank lending, lending from central banks to commercial banks, and selective bail-outs by central banks. These are not mere inequalities: they are unjust since alternative designs of the financial architecture exist that would significantly reduce them. The paper focuses on one possible reform with the potential to address several of the types of bias identified, namely the separation of money creation from private bank credit.

Commemorating a milestone in primate numismatics


 
 
 Cash currency is a deeply symbolic instrument of commerce. It holds value, of course, but the face value of a given coin or banknote far exceeds its intrinsic (commodity) value. Money today is a representation––the value is determined by fiat by an issuing authority, usually a central bank or government. It is also a medium for spreading nationalist imagery, a platform for producing, affirming, and communicating the values that shape national identities. Cash creates as much as it reflects icons of social and cultural importance. This dual function of cash produces a curious ontological tension––the embodiment of different value systems, each symbolic–– that can be used in the service of primate conservation. Exemplifying this potential is the Brazilian 20-real bank- note issued in 2002 by the Central Bank of Brazil (Banco Central do Brasil, BCB). Twenty years later, it is a milestone that invites commemoration and reflection.
 
 

Notes on Monetary Institutions in State and Class Formation Processes

AbstractCharles Tilly emphasizes that state formation is a contingent and violent process: states develop as they extract resources, including currency, from a population. Neochartalist approaches to money challenge what I call the extractivist view of state formation because they see currencies as public institutions established by governments, not a resource to be seized from a population. At the same time, neochartalists rarely address how state institutions capable of establishing monetary institutions emerge. In this article, I propose a framework to analyze the entangled development of the institutions of money and state. I then showcase its usefulness by revisiting a series of crowd actions and militarized responses in eighteenth‐century Massachusetts and Pennsylvania today known as Shays’ Rebellion and the Whiskey Rebellion, focusing on the initially ad hoc and then routinized funding mechanism that enabled emerging state actors to deploy armed groups. In closing, I argue that despite the violence involved in the emergence of the institutions of state and money, citizens and inhabitants can begin to imagine democratic ways of institutionalizing money today.

Fiat Money VS Dinar-Dirham Fungsi Uang dalam Kacamata Maqashid Syariah

Maqashid Sharia in money can be extracted from the function of that money, the most important of money function is as a media of transaction or medium of exchange, which is, the function shows the maslaha for human in overcoming problems in barter, and followed by the other functions of money with the condition of not separated from the concept of money itself in Sharia, that is by not making money as a commodity. Fiat money today has some weaknesses, among others is the value is unstable, so that perhaps one day money will be returned to dinar and dirham, or fiat money which is be back-up by gold. Maqashid Sharia in money can be extracted from the function of that money, the most important of money function is as a media of transaction or medium of exchange, which is, the function shows the maslaha for human in overcoming problems in barter , and followed by the other functions of money with the condition of not separated from the concept of money itself in Sharia, that is by not making money as a commodity. The use of dinar and dirham as money can be divided into two opinions, first it explains that money has to be based on dinar and dirham, which is it underlies the movement or campaign to back to use dinar and dirham as money, this group also allow using money that is not made from dinar or dirham, but the circulation has to be back up by gold. Another opinion is to allow using money aside from dinar and dirham, that is the use of fiat money, where using money is not limited to dinar and dirham, the use of dinar and dirham in the time of prophet Muhammad P.B.U.H. is not an excuse of necessity for Muslims in terms of Sharia, however it is in terms of culture and habit (‘urf) which is happened at that time. fiat money today [U1] has some weaknesses, among others is the value is unstable, so that perhaps one day money will be returned to dinar and dirham , or fiat money which is be back-up by gold. [U2] [U1] Perbaiki spasi! [U2] Ukuran Font 10, spasi 1.15. Panjang Abstrak Tidak boleh melebihi dari 150 Kata.

Inflation: The Next Threat?

The policy reaction to the COVID-19 pandemic will increase budget deficits massively in the world’s leading countries. The deficits will largely be monetised, with heavy state borrowing from both national central banks and commercial banks. The monetisation of budget deficits, combined with official support for emergency bank lending to cash-strained corporates, is leading to extremely high growth rates of the quantity of money. The crisis has shown again that, under fiat monetary systems, the state can create as much as money as it wants. By mid- or late 2021, the pandemic should be under control, and a big bounce-back in aggregate demand and output is to be envisaged. The extremely high growth rates of money observed will instigate an inflationary boom. The scale of the boom will be conditioned by the speed of money growth in the rest of 2020 and in early 2021. Central banks seem heedless of the inflation risks inherent in monetary financing of the growing government deficits. Following the so-called "New Keynesian Model" consensus, their economists ignore changes in the quantity of money and consider monetary policy defined exclusively by interest rates, with a narrow focus on the central bank policy rate, long-term interest rates, and the yield curve. The quantity theory of money today provides a theoretical framework, which relates trends in money growth to changes in inflation and nominal GDP over the medium and long terms. A condition for the return of inflation to current target levels is that the rate of money growth is reduced back towards annual rates of increase of about 6% or less.

The Vital Two Percent

Advanced economies struggle with paying to stretch the knowledge frontier. It is no surprise why. Research and development (R&D) costs money today, and yields the benefit tomorrow, sometimes decades later. The benefits also disperse widely, making it difficult to trace a direct chain between expenditure and result, or calculate any direct return on investment. Despite the challenges, all modern economies devote some fraction of GDP to stretching the frontier with R&D. In the United States, and for a few decades, that fraction has hovered around 2%–2.5% of GDP, with the Federal government covering about one fifth (more than $115 billion in 2017). Presents an analysis of this economic debate.

“I'll donate money today and time tomorrow”: The moderating role of attitude toward nonprofit organizations on donation intention

Across two experiments, this study provides support for the concept that money and time are marked by psychologically distinct constructs. As temporal distance increases, preferences are more likely to be based on the value associated with a high‐level construal of options than the value associated with a low‐level construal of options. That is, as potential contributors are asked to donate later, high‐level featured resources (i.e., time) take focal precedent over low‐level ones (i.e., money) in judging preference for donation methods. This study also found that the match effect between temporal distance and construal level holds only when the level of attitude toward nonprofit organization (NPO) is relatively favorable. However, donation intention is enhanced under mismatch conditions when the level of attitude is less favorable. That is, when potential contributors hold relatively less favorable attitudes toward the NPO, those who are requested to make an expediting decision of donation are more likely to have higher intention to donate with a high‐level construal resource. This study attributed the finding to the shift of people's focal resource through their level of attitude toward the NPO.

Blockchain Technology in Supply Chain

The technological changes in recent years have played a major role in changing the rules in business life. After technological innovations such as autonomous tools, the Internet of Things, and industry 4.0, the new issue that has emerged with crypto money today is Blockchain technology. A blockchain technology is a peer-to-peer digital ledger of transactions that may be publicly or privately distributed to all users and therefore is said to be decentralized and distributed. The most important feature that distinguishes block-chain-based technologies from other technologies is that it has a special algorithm without being connected to any center. Therefore, this technology makes a significant difference in supplying fast, secure and accurate information flow among supply chain members. Reducing the costs and time that arise in the supply chain, it provides significant advantages to enterprises such as the transparency of the operations performed. The purpose of this study is; to explain the block chain technology and to contribute to supply chain processes and stakeholders. In this context, the study is considered as literature review. The study is important in terms of contributing to the relevant literature in basic level.

All-In or checked-out? Disincentives and selection in income share agreements

Liquidity constraints can distort efficient investment across a variety of domains, for both firms and individuals. While debt financing is often used to address liquidity constraints, especially at the individual level, there has been a recent push towards Income Share Agreements (ISAs) – equity contracts in which individuals can raise money today by selling shares of their future income. Studying the impact of ISAs on future performance has proven difficult, given the lack of developed markets with sufficient data. Identifying a new ISA marketplace for tournament poker players, we assemble a unique panel data set that tracks performance for individuals who sometimes receive ISA funding and sometimes do not. Beyond providing objective outcome measures, this setting allows for a straightforward comparison of the same individual’s performance with and without an ISA contract. Because players seek ISA funding more often for more expensive tournaments, we include flexible individual by tournament entry fee fixed effects to effectively compare the same player to himself in a similar tournament. Consistent with a reduction in effort, we find that return on investment falls substantially when participating in an ISA. Additional tests reveal that about 20% of the performance decline can be explained by players selecting into ISAs for tournaments that, even conditional on entry fee, consist of more skilled opponents. The remaining performance decline we attribute to the diminished individual incentives inherent in ISAs.

ДИСКОНТУВАННЯ ЯК ФІНАНСОВИЙ ІНСТРУМЕНТ ВАРТІСНОЇ ОЦІНКИ ОБ'ЄКТІВ ОБЛІКУ: ПРОБЛЕМИ РЕАЛІЗАЦІЇ В УМОВАХ МСФЗ

In the context of the financing of the world economy, the cost indicator becomes a key indicator of the efficiency of the functioning of any business entity. According to the classical theory of corporate Finance, the increase in the value of business entities in the economy under constant conditions becomes the key to the growth of socio-economic well-being within the country. The growth of the company's value in the market is a reflection of the potential profitability for investors, which, in turn, leads to the stimulation of positive expectations of investors and the growth of the share price. At the same time, the need to see the prospects of the company's development, its competitiveness in the global business environment objectively requires the use of modern approaches and methods of assessing the value of the company. One of the innovations IFRS, for Ukrainian business was the use of discounting for the valuation of accounting objects, which will be disclosed in the financial statements. In this article we will determine what is the discounting for the valuation of accounting objects, how it is calculated and in what cases it should be done. The issue of discounting is disclosed in IFRS 13 fair value Measurement (IFRS 13). Discounted or present value is the amount of expected future income, expense or payment (future amount) discounted based on a particular interest rate. The question is posed in this way. We know a certain amount that will be received or paid after a certain time, but do not know what is the current value of the future payment. The discounting of value is based on the real situation that a certain amount of money today is worth more than in the future, in a year or several years, for the fact that it can be used to generate income in the form of interest. The calculation of the current value, or discounting, gives an answer to the question.

Shadow Money in the 19th Century: Is Marx Relevant for Understanding Contemporary Shadow Money?

ABSTRACTThe growth of shadow money, since the 1980s, has implications for both central bank policy and the theorization of money. However, modern shadow money has a historical analogue in the private bill market of 19th century England This article explores the relevance of Marx’s logical and historical analysis of the evolution of the forms and functions of money in capitalist economies, and his concrete analysis of the bill market in order to understand shadow money today.

How Am I Doing? Perceived Financial Well-Being, Its Potential Antecedents, and Its Relation to Overall Well-Being

Abstract Though perceived financial well-being is viewed as an important topic of consumer research, the literature contains no accepted definition of this construct. Further, there has been little systematic examination of how perceived financial well-being may affect overall well-being. Using consumer financial narratives, several large-scale surveys, and two experiments, we conceptualize perceived financial well-being as two related but separate constructs: 1) stress related to the management of money today (current money management stress), and 2) a sense of security in one’s financial future (expected future financial security). We develop and validate measures of these constructs (web appendix A) and then demonstrate their relationship to overall well-being, controlling for other life domains and objective measures of the financial domain. Our findings demonstrate that perceived financial well-being is a key predictor of overall well-being and comparable in magnitude to the combined effect of other life domains (job satisfaction, physical health assessment, and relationship support satisfaction). Further, the relative importance of current money management stress to overall well-being varies by income groups and due to the differing antecedents of current money management stress and expected future financial security. Implications for financial well-being and education efforts are offered.

Cost-effectiveness of Obesity Interventions: Will We Know It When We See It?

* Abbreviations: %OBMI — : percent over BMI FBT — : family-based obesity treatment IC — : information-based control intervention ICER — : incremental cost-effectiveness ratio QALY — : quality-adjusted life year DALY — : disability-adjusted life year In this issue of Pediatrics , Quattrin et al1 present the results of a cost-effectiveness analysis of a family-based obesity treatment (FBT) program relative to an information-based control intervention (IC). The IC educated parents to encourage their children to have a weight loss goal of 0.5 to 1 lb per week. Parents then attended 16 group meetings; each meeting delivered dietary and/or physical activity advice. In between meetings, a health coach telephoned the parents to remind them to attend the meetings. The FBT group attended the same number of group meetings and received the same information. They also received education on parenting techniques both at the group sessions and during brief individual sessions with a health coach, at which time the health coach would also problem solve any concerns raised. Parents in FBT were further instructed to monitor their children’s weight and their own weight twice a week and received additional dietary (1500 and 1800 kilocalories per day for mothers and fathers, respectively), physical activity, and sedentary activity recommendations. Parents were also instructed to record food intake and activity for their children and themselves in a diary by crossing off icons detailing food groups and physical and sedentary activities undertaken. The authors report that after 2 years, child percent over BMI (%OBMI) change decreased by 1.98 U in the FBT group versus an increase of 4.37 U in the IC group. Parents lost 5.95 kg in the FBT group versus 0.16 kg in the IC group. One way to consider the impact of FBT is … Address correspondence to Eric A. Finkelstein, PhD, MHA, Health Services and Systems Research Programme, Duke-NUS Medical School, 8 College Rd, Singapore 169857. E-mail: eric.finkelstein{at}duke-nus.edu.sg

Do exchange rate changes have symmetric or asymmetric effects on the demand for money in Turkey?

ABSTRACTAs a result of the research conducted by Nobel Laureate Robert Mundell (1963), most studies estimating the demand for money today do include the exchange rate in their specification to account for currency substitution. Previous studies that did this for the Turkish demand for money assumed that exchange rate changes do have symmetric effects on the demand for money in Turkey. In this article, we question this assumption. By using the nonlinear ARDL approach, we show that indeed exchange rate changes do have short-run and long-run asymmetric effects on the M1 demand for money. Introducing nonlinearity also yields a stable money demand.