72 research outputs found
The Covid-19 impact on fintech: now is the time to boost investment
No full textFintechs may be uniquely positioned to facilitate credit to businesses and monetary aid to individuals, write Markos Zachariadis, Pinar Ozcan, and Dize Dinçko
There Will Be Money
No full textA common belief among monetary theorists is that monetary equilibria are tenuous due to the intrinsic uselessness of fiat money (Wallace (1978)). In this article we argue that the tenuousness of monetary equilibria vanishes as soon as one introduces a small perturbation in an otherwise standard random matching model of money. Precisely, we show that the sheer belief that fiat money may become intrinsically useful, even if only in an almost unreachable state, might be enough to rule out nonmonetary equilibria. In a large region of parameters, agents' beliefs and behavior are completely determined by fundamentals.Fiat money, autarky, equilibrium selection
Der griechische Gelehrte Georgios Zachariadis und sein Beitrag zum slawischen Schrifttum im 19. Jahrhundert
No full textAmong the Greek scholars who lived during the 19th century in the north-eastern Balkans, and also in Central Europe, and by their work contributed to the spiritual development of the Balkan Slavs, pride of place must be given to Georgios Zachariadis. Unfortunately, however, no detailed monograph on Zachariadis exists. On this account the problems that arise concerning the life and activities of this Greek scholar are still many and varied. In his study the author tries to fill one part of this lacuna. At the beginning of the work the following are examined, on the basis of new historical evidence: the date and place of Georgios Zachariadis’ birth, his studies and tenure as teacher in the Greek school at Zemun, the Serbian school at Šabac, and the Greek school in Vienna. The author continues his study by analyzing the various works of Zachariadis, which are written on Old Church^Slavonic, and the translations this Greek scholar made from Greek into Old Church Slavonic. Finally, the extent of Georgios Zachariadis’ contribution to Slavonic letters is made clear
Knowledge and Collaboration in Multihub Networks: Orchestration Processes among Clinical Commissioning Groups (CCGs) in the United Kingdom
No full textMiani C, Zachariadis M, Oborn E, Barrett M. Knowledge and Collaboration in Multihub Networks: Orchestration Processes among Clinical Commissioning Groups (CCGs) in the United Kingdom. In: Liebowitz J, ed. Knowledge management handbook : collaboration and social networking. 2nd ed. Boca Raton, Fla.: CRC Press; 2012: 11-28
Diffusion and use of financial telecommunication: An empirical analysis of SWIFT adoption
No full textThe purpose of the current work is to investigate how country-level and
regionspecific characteristics influence the adoption of a major
financial telecommunication innovation and standard (SWIFT) in the
banking sector. Using annual data on the diffusion and usage intensity
of SWIFT between more than 100 countries, this study finds that, along
other characteristics, economies with higher GPDs and closer to the
innovation source have on average a faster adoption rate than smaller,
distant economies, all else equal. The analysis also shows that even
though financial institutions differ considerably, network effects
persist and dominate firm heterogeneity. The results are overall
consistent with other findings using similar estimation techniques, and
provide a stronger test by focusing on one specific innovation in the
financial services industry rather then aggregate IT measures
Regulatory standards and consequences for industry architecture: the case of UK Open Banking Research Policy
No full textIn this inductive qualitative study, we analyze the standardization efforts in the UK banking sector via Open Banking regulations. We examine the role of regulatory standards and how these standards evolve, highlight key decisions and factors in the process of standardization, and show how the standards implementation can lead to the emergence of new roles and connections in the industry architecture. We find that standardization is a continuous, multi-stakeholder process where not only formulation decisions, but also the adjustment of industry players to roadblocks in implementation cause recalibration of standards and shifts in industry architecture. We also unravel the architectural implications of data sharing and interoperability standardization both within and across industries
When guanxi meets structural holes : exploring the guanxi networks of Chinese entrepreneurs on digital platforms
No full textIn this exploratory study, we investigate how Chinese entrepreneurs on digital platforms interact and leverage guanxi (a system of relationships and social network) to buffer the negative impacts of structural holes on knowledge orchestration. We develop our research model and formulate ten hypotheses by drawing on the literature. We adopt a mixed-methods research approach in which we use quantitative surveys to test the hypotheses, and qualitative interviews to explain why certain relationships are stronger in one stage of entrepreneurial development than the other. The study contributes to the literature on digital entrepreneurship in two ways. First, this study offers an initial understanding of the dynamics of guanxi networks for knowledge mobilisation and knowledge coordination across start-up and growth stages of Chinese entrepreneurs on digital platforms. Second, by drawing on the relevant literature, our findings extend the current understanding of knowledge orchestration of digital entrepreneurs and contribute to the literatures of structural holes theory and guanxi
The API Economy and Digital Transformation in Financial Services: The Case of Open Banking
No full textThe Society for Worldwide Interbank Financial Telecommunication (SWIFT) : cooperative governance for network innovation, standards, and community
No full textThis book traces the history and development of a mutual organization in the financial sector called SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Over the last forty years, SWIFT has served the financial services sector as proprietary communications platform, provider of products and services, standards developer, and conference organizer ("Sibos"). Founded to create efficiencies by replacing telegram and telex (or ‘wires’) for international payments, SWIFT now forms a core part of the financial services infrastructure. It is widely regarded as the most secure trusted third party network in the world serving 212 countries and over 10,000 banking organizations, securities institutions and corporate customers. Through every phase of its development, SWIFT has maintained the status of industry cooperative thus presenting an opportunity to study broader themes of globalization and governance in the financial services sector.In this book the authors focus on how the design and current state of SWIFT was influenced by its historical origins, presenting a comprehensive account in a succinct form which provides an informative guide to the history, structure, activities and future challenges of this key international organization.This work will be of great interest to students and scholars in a wide range of fields including IPE, comparative political economy, international economics, business studies and business history
How “Open” Is the Future of Banking?:Data Sharing and Open Data Frameworks in Financial Services
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