Search results for "Money"
showing 10 items of 144 documents
Faktori, kas ietekmē konkurētspēju starp elektroniskās naudas iestādēm Eiropas Savienībā
2020
FAKTORI, KAS IETEKMĒ KONKURĒTSPĒJU STARP ELEKTRONISKĀS NAUDAS IESTĀDĒM EIROPAS SAVIENĪBĀ
EU anti-money laundering and counter-terrorism financing measures in context of electronic money institutions and payment processors
2018
The purpose of the given research would be to analyze the current EU AML / CTF regime with regard to electronic money institutions and payment providers, detect the scope of legal norms and regulations, obliging them, identify potential loopholes and suggest additional measures to strengthen existing AML and CTF legal regimes with regard to such entities.
Consumer Awareness and the Use of Payment Media: Evidence from Young Finnish Consumers
2008
In the market for payment media, some consumers use only one medium when paying for their point-of-sale transactions, while others use many. This pattern reflects the diffusion of new payment media, because a payment method innovation is typically first used simultaneously with the established methods. We study the use of multiple payment media by employing data on young Finnish consumers. We find that the use of multiple payment media is directly related to consumer awareness and that not controlling for the endogeneity of awareness can bias its effect downwards. These results suggest that increasing consumer awareness may have been underlying the rise of debit card use around the world. I…
Monete false. Le contraddizioni del capitalismo occidentale nella narrativa di Elvira Dones e Anilda Ibrahimi
2020
Il saggio analizza il modo in cui il modello economico occidentale diventa oggetto di narrazione in Vergine giurata di Elvira Dones e Rosso come una sposa di Anilda Ibrahimi. Questi due romanzi, pubblicati rispettivamente nel 2007 e nel 2008, reinterpretano da un punto di vista “diverso” le questioni economiche, dando voce ad una alterità che non è solo geografica, ma anche esistenziale e biologica. Lo sguardo impietoso di Dones e Ibrahimi si appunta sulle contraddizioni del capitalismo globale: il mito della ricchezza occidentale, che attraverso la retorica dei media colonizza l’immaginario migrante, si traduce narrativamente nell’ottica dello smascheramento. The essay analyzes how the Wes…
An Example: Money
1995
The institution of money, like that of language, or that of the State, has often been seen to be based on some kind of contractual agreement. Aristotle describes the nature of money as follows: Money has become by convention a sort of representative of demand; and that is why it has the name ‘money’ (nomisma) because it exists not by nature but by law (nomos) and it is in our power to change it and make it useless. (Ethica Nicomachea, V.5.II33a) The word nomos is ambiguous: in another translation of Ethica it has been translated as “custom”. This ambiguity reflects a theoretical problem in the classical social theory: money has been seen either as a result of an act of will of the legislato…
Money and the natural rate of interest: structural estimates for the United States and the Euro area
2008
We examine the role of money, allowing for three competing environments: the New Keynesian model with separable utility and static money demand; a non-separable utility variant with habit formation; and a version with adjustment costs for holding real balances. The last two variants imply forward-looking behavior of real money balances, as it is optimal for agents to allow their forecast of future interest rates to affect current portfolio decisions. We distinguish between these specifications by conducting a structural econometric analysis for the U.S. and the euro area. FIML estimates confirm the forward-looking character of money demand. Using these estimates we find that, in response to…
The impact of multinational banking on domestic banking
2006
Post-Keynesians have made endogenous money a central argument in their theory of output. Indeed, production cannot be undertaken if access to finance, usually meaning bank credit, does not exist. Such access is needed if wages are to be paid, and inputs of production purchased. In a monetary economy, therefore, money is created at the demand of borrowers, supplied by banks.
The New Consensus and Post-Keynesian Interest Rate Policy.
2007
Abstract This paper outlines the fundamental arguments of the New Consensus, critiques it from a Post-Keynesian perspective, and offers a Post-Keynesian alternative to the Taylor Rule. While Post-Keynesian economics provides a theory of endogenous money with exogenous interest rates, it has no clear description of a central bank reaction function. We attempt to remedy this oversight by identifying some of the difficulties attached to developing a Post-Keynesian reaction function, and suggesting an approach to the setting of interest rates that is more consistent than the Taylor Rule with Keynes's General Theory.
Evaluation of the apparent losses caused by water meter under-registration in intermittent water supply
2009
Apparent losses are usually caused by water theft, billing errors, or revenue meter under-registration. While the first two causes are directly related to water utility management and may be reduced by improving company procedures, water meter inaccuracies are considered to be the most significant and hardest to quantify. Water meter errors are amplified in networks subjected to water scarcity, where users adopt private storage tanks to cope with the intermittent water supply. The aim of this paper is to analyse the role of two variables influencing the apparent losses: water meter age and the private storage tank effect on meter performance. The study was carried out in Palermo (Italy). Th…
Financing Small Businesses: From Venture Capital to Crowdfunding
2017
Abstract Startups and small businesses are facing many challenges in terms of financing their activities. These types of companies do not have the possibility to access capital market or to make IPO or to borrow money from banks like big, mature or well-known companies (who were at their beginnings startups or small businesses). They have to find different sources for financing their ideas/products/services that are in many cases very risky, hazardous or to ambitious. But, fortunately, the financing alternative for these companies have evolved during the last post crisis years. They have possibility to find some investors that are willing to invest in a non-name company by accessing crowdfu…