119 research outputs found
The Covid-19 impact on fintech: now is the time to boost investment
Get PDFFintechs 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
Get PDFA 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
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
Get PDFThe 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
Drawing a Connection between Coptic Christianity, their St Mark Tradition, and Contemporary AICs: A Conversation with Coptic Bishop Markos
No full textThis article raises a question from the assertions that Mark’s memories of his martyrdom can provide an alternative theology for the African Independent Churches (AICs). Can there be a link with the Gospel of Mark from the African perspective? The AICs have been contending with matters of faith and culture, which bear a strong presence in their theology. Much has happened in attempting to answer the questions relating to their faith. This article tries to create an alternative narrative for the makeup of such theology. An interview with Bishop Markos has been a key factor in the founding of such a possibility. To Markos, St Mark, the Egyptian Coptic Church and the ancient Christian experience with their popes and bishops will inform such a theology. They were proud of their linear and orthodox connection to the times of Jesus Christ’s earthly ministry two thousand years ago. Egypt and Alexandria—as situated in Africa—have compelled me to test such an allegation. Markos is the author of several books, and he has travelled extensively on the African continent in an attempt to understand the AICs. He introduced and discussed the relationship between Pope Shenouda III and the AICs for the formation of the Organisation of African Independent Churches (OAIC). This essay is an exploration of oral tradition. The Africans’ claiming a connection with early Christianity through the Coptic Church has triggered a curiosity to perform more research
Regulatory standards and consequences for industry architecture: the case of UK Open Banking Research Policy
Get PDFIn 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
Get PDFIn 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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