Financialization Chris Hann, Don Kalb / Chris Hann, Don Kalb
2020, 2020-08-01, Letnik:
6
eBook
Beginning with an original historical vision of financialization in human history, this volume then continues with a rich set of contemporary ethnographic case studies from Europe, Asia and Africa. ...Authors explore the ways in which finance inserts itself into relationships of class and kinship, how it adapts to non-Western religious traditions, and how it reconfigures legal and ecological dimensions of social organization, and urban social relations in general. Central themes include the indebtedness of individuals and households, the impact of digital technologies, the struggle for housing, financial education, and political contestation.
This paper links banking system development to the colonial and legal history of African countries. Based on a sample of 40 African countries from 2000 to 2018, our empirical findings show a ...significant dependence of current financial institutions on the inherited legal origin and the colonization type. Findings also reveal that current financial legal institutions are not major determinants of banking system development, and that institutional development and governance quality are more important. A high share of government spending relative to GDP also positively affects banking system development in African countries.
In today competitive world, innovation is a key factor for creating competitive advantage and even for survival of the enterprises and as a propellant for business growth and prosperity and maintain ...more profitability for an organization, as a result of market needs and technology push. In service organizations, recognition of the conceptual framework of service innovation, improves performance of the Organization and creates core competencies for achieving competitive advantage through their systematic approach to service development, which is crucial for survival and maintaining competitiveness in the current financial markets. Banking systems due to the rapid global competition, the impact of structural change, deregulation effects, the use of new technologies and the increasing expectations of customers, have sought to develop and implement service innovation in their organizations. In this paper the effective factors of Service Innovation in service organizations has been introduced and case of study is Iranian Governmental Banks. Research methodology is qualitative and qualitative. Data was collected through in-depth interviews with academic experts and managers of governmental banking systems until theoretical saturation was achieved. The gathered data was analyzed using axial and open coding methods. The results show that dimensions of Service Innovation in financial service organization systems consist of six main dimensions including new service concept, new delivery system (organization), new delivery system (technological), interact with new customers, new value systems / new business partners and finally the new revenue models and 36 secondary factors. The results of this paper can be used for the understanding of service innovation for new service design and development in governmental banking system in a competitive environment at the other countries.
The aim of this paper is to present a comparative approach of the deposit guarantee funds in different European countries for underlying the advantages or disadvantages for the banking systems and ...the features of these funds so we can conclude which one is better for the deponents and for the banking systems as a whole.
The integration of different states in a already existing union or in a new one represents a long-lasting process involving harmonisations on various fields – political, economic, legislative, ...social, cultural, technological, informational, etc. Besides the integration of the states and of the different authorities in a common mechanist, the business organizations also have to comply with certain standards and to align to certain procedures. The banking system is not an exception being probably one of the pillars of the economic and financial integration of a state in a union. Banking integration may be considered the process leading to a convergence towards a single market for all products, processes, procedures, standards, transactions from the banking field. All sets of standards, mechanisms and procedures should be observed both by banks, regulation and control bodies, but also by customers. Only in this way one can create the premises for the most favourable banking transactions. The integration of the banking system in a union is determined, conditioned and influenced by a series of factors. Based on the data published by the Bank for International Settlements, the authors carry out a close and pertinent empirical analysis of the banking assets flows between the Eurozone countries in the period 2000-2014. The paper also deals with the commitments that the recent economic-financial crisis created on the banking assets flows. The authors resort to regression equations in order to demonstrate the connection between the effects of banking integration and various factors involved (the relative dimension of the country, the significance of the banks in the financial system, the Herfindhal index, the degree of concentration or dispersion of the property on banks, the degree of independence, the tradition of law). In order to measure the level of banking integration of the national bank systems, the indices we used are the degree of openness towards the exterior, the degree of internationalization of the national bank systems in the Eurozone. The results of this research point out a whole series of commitments from a scientific point of view, but also regarding a good practices model which should enhance the synergic integration of the different national banking systems. A part of the outlined conclusions may be oriented towards specific directions and levers in order to modify the national strategyfor the adaptation of a candidate state to the Aquis communautaire.
Banking systems, modelled with networks, evolve over time overcoming critical points. Topology-oriented indicators of tipping points and early-warning signals of criticality in net- works do not ...reflect the gradual movement of a system towards a tipping point. Plenty of networks with SIR-like dynamics have restricted numbers of node states. In the case of banking networks, the range space of node states is continual, which allows an estimation of single bank remoteness from an insolvent state. Remoteness and velocity reflect change in the state per iteration and are considered in order to estimate the influence of node dynamics. Both node dynamics and topology are taken into account. We consider the positive and negative impact of interbank interactions (edge presence). Each edge is considered with weight and length parameters corresponding to the size of interbank lending and the number of iterations remaining before it expires. It was shown that the dropping well below zero of the presented indicator, is referred to as the potential of interactions, is a sign of a forthcoming tipping point. The introduced ▪ -Threatened set allows the detection of an approaching a tipping point in terms of nodes’ states.
The crisis triggered in 2007-2008 in the USA and then globally manifested strongly and affected many areas and categories of people. Through its specific features, it proved that the current ...regulatory system is no longer viable and it has to be reformed so that in the future to alleviate some of the negative effects felt in the context of the last international financial and economic crisis. The measures adopted were aimed at the fiscal, monetary and the income policy. Only used in combination, these policies proved effective under crisis conditions and determined the economic recovery.
FOREIGN CAPITAL EXPANSION IN EASTERN EUROPE RADULESCU MAGDALENA
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie,
08/2016, Letnik:
1, Številka:
4
Journal Article
Recenzirano
Odprti dostop
Eastern Europe faced many transformations in the banking sector area, especially during 90s as a result of the privatization process. Many large banking corporations acquired state-owned local banks ...and developed their operations on the new markets. The foreign capital represents almost 90% of the total banking assets on the Eastern markets. The consolidation and concentration process of the foreign capital on the banking markets continued during the last financial crisis.
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