Search results for "Money"
showing 10 items of 144 documents
Monetary circulation, the paradox of profits, and the velocity of money
2007
Recent papers have reconsidered the paradox of profits, that is the difficulty to explain how monetary profits can be generated when firms borrow only the wage bill to finance their production. In this article, we use a stock-flow consistent approach give a solution to this paradox assuming that, when firms sell goods at prices which exceed their unit costs, the realised monetary profits are not used to pay back banks. These profits then remain in the circuit, allowing additional transactions. In a sense, profits result from their own expenditure. According to this interpretation, the velocity of money is higher than one because some monetary units are used in several transactions of goods.
"Sądowa egzekucja" kontaktów z dzieckiem
2019
Customers' perceived risk and trust in using mobile money services-an empirical study of Ghana
2019
Copyright © 2019, IGI Global. Although mobile money (MM) has been explored in the existing literature, the roles of trust and risk in MM use have received little attention from researchers. Furthermore, many of the existing studies have treated these constructs as unidimensional. The extant literature also shows that perceived risk has received little attention from researchers who have conducted studies on MM. Thus, the objective of this study is to examine the roles of trust and perceived risk in customers' intent to adopt MM services in Ghana. Both trust and perceived risk were broken down into various dimensions. The study involved 671 respondents who were selected via an intercept appr…
How Chinese Auditors' Relativistic Ethical Orientations Influence Their Love of Money
2013
Love of Money (LMOS) theory is well developed and widely used in studying people’s beliefs about money (Luna-Arocas & Tang 2004). This study examines the views of 612 Chinese auditors and establishes that the ideological positions adopted influence how they regard money and that these positions are related to underlying cultural norms. Forsyth’s (1980) EPQ is used to establish a viable model, which establishes that relativism strongly influences Chinese auditors” attitudes towards money and has important implications in terms of the impact on the accounting profession in that rapidly growing nation. peerReviewed
Désir souverain, volonté de fer, puissance de manipulation : les personnages des spéculateurs chez Zola et Maupassant
2020
Artykuł ukazuje dwie sylwetki spekulantów – bohaterów XIX-wiecznych powieści E. Zoli (Aristide Saccard) i G. de Maupassanta (William Andermatt). Pierwszy ucieleśnia gorączkowość, chaos i rozrzutność parweniusza z prowincji, który stał się milionerem. Drugi to bankier, którego niezwykły talent do zarabiania pieniędzy opiera się na racjonalizmie, chłodnej kalkulacji i wyjątkowej intuicji. Mimo dzielących ich różnic, obaj stanowią inkarnację podstawowych cech biznesmena: pragnienia, woli i władzy.
A Reconsideration of the Role of Forward-Market Arbitrage in Keynes’s and Hicks’s Theories of the Term Structure of Interest Rates
2014
International audience; This paper develops the relationship between Hicks’s and Keynes’s writings on the theory of the term structure of interest rates, and shows in detail how Hicks built on and extended Keynes’s account. According to this theory, the level of the long-term interest rate is determined by expectations of future short-term rates. Keynes’s thinking contained several notions – such as the preferred habitat of lenders, the theory of forward markets, and risk-premiums – which Hicks used to give a more complete theory of the term structure of interest rates. Besides implementing these notions in his own theory, Hicks introduced the concepts of the preferred habitat of borrowers,…
Money for the Issuer: Liability or Equity?
2021
Abstract This study analyzes the nature of money through the lens of the international principles of accounting and lays the foundations of what it calls the accounting view of money (AVM). Using international accounting principles, the AVM argues that the fiat monies issued by the state (typically, cash, banknotes, and central bank money) are not debt and that in fractional reserve regimes, only a share of commercial bank money can be regarded as debt. The AVM argues, instead, that state monies and the nondebt share of commercial bank money are net wealth of their holders and net worth (equity) of their issuers and determines how the seigniorage associated with money issuance should be acc…
Studies on money and labour market dynamics and goods market imperfections
2010
Financial literacy in the digital age : A research agenda
2023
Digital innovations are transforming financial services and resulting changes in consumer behavior and personal money management. Diffusion of pervasive digital technologies offers individuals quick and easy access to various digital services bringing opportunities and challenges into their personal money management. The study aimed to explore how digitalization affects individuals’ financial literacy and financial capability. As a result, we identified three main themes in the intersection of finance and digitalization: Fintech, Financial behavior in digital environments, and Behavioral interventions. We propose directions for measuring digital financial literacy, updates to the financial …
THE INVESTMENT POLITICS AND THE DIVERSIFICATION OF FINANCING RESOURCES IN ROMANIA
2011
A priority for Romania is to maintain an high investment rate, higher than the one of the EU member states, because these countries modernized their energetic, transport and public utility infrastructures, they developed their educational and the public health systems, they reduced the technological and informational differences, decades ago. Through the investment politics, Romania will continue to attract foreign investments, whose annual average was remarkable. For the financing of the investments, a diversification of the internal and external resources is necessary. The internal resources are based on the development of the saving instruments: the development of the market for transact…