SWIFT Institute Research Paper Series最新文献_第2页

Influence of Product Characteristics on Credit Accessibility of Sacco’s in Kenya 产品特性对肯尼亚萨科公司信贷可及性的影响

SWIFT Institute Research Paper Series Pub Date : 2019-05-16 DOI: 10.2139/ssrn.3389181

John Karanja

{"title":"Influence of Product Characteristics on Credit Accessibility of Sacco’s in Kenya","authors":"John Karanja","doi":"10.2139/ssrn.3389181","DOIUrl":"https://doi.org/10.2139/ssrn.3389181","url":null,"abstract":"The objective of SACCO’s is members’ empowerment through savings mobilization, disbursement of credit and ensuring long-term sustainability through prudent financial practices. A national survey conducted by Central bank of Kenya in 2016 on financial access revealed that access to SACCO’s credit accessibility has reduced despite the increase in credit demand. This continuous decline in access to credit shows that SACCO’s members are not able to access the credit from their SACCO’s and they seek for credit from other financial institutions. The objective was to determine the influence of product characteristics on credit accessibility in SACCO’s. The study adopted a descriptive research design and data was collected using a questionnaire. Descriptive statistics and linear regression analysis were used to test the hypothesis. The study found that credit accessibility in Sacco’s is significantly influenced by product characteristics. The findings also revealed that the number of loan applications received in SACCO’s from Imenti North Sub-County has dropped significantly with very few loan applications being successful. The study recommended that SACCO’s should start investing in products innovation in order to ensure that they have a wide range of products which are tailor made to suit their member’s needs and Sacco’s should develop a policy that allows members to use other forms of collateral at their disposal in order for them to qualify for higher loans than the ones guaranteed by their shares only. This will increase the number of members accessing credit and reduce the stiff competition that SACCO’s experience with the other credit service providers. SACCO’s should come up with ways of developing products that have features which will encourage their members to borrow loans.","PeriodicalId":139826,"journal":{"name":"SWIFT Institute Research Paper Series","volume":"163 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116119408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corporate Multinationality and Acquirer Returns 公司跨国性与收购者回报

SWIFT Institute Research Paper Series Pub Date : 2019-01-08 DOI: 10.1111/ABAC.12146

Henry Agyei‐Boapeah, S. Fosu, C. Ntim

引用次数: 3

Knowledge Discovery Through Structure Learning in Sequential Gaussian Graphical Models 序列高斯图模型中基于结构学习的知识发现

SWIFT Institute Research Paper Series Pub Date : 2018-10-31 DOI: 10.2139/ssrn.3340225

Faisal I. Qureshi

引用次数: 0

Sharing Insider Threat Indicators: Examining the Potential Use of Swift’s Messaging Platform to Combat Cyber Fraud 共享内部威胁指标:研究Swift消息平台打击网络欺诈的潜在用途

SWIFT Institute Research Paper Series Pub Date : 2017-10-02 DOI: 10.17606/RG51-KY88

E. Petrie, Casey Evans

引用次数: 0

Two New Risk Metrics: Liquidity Asian Put VaR(TM) and Shortfall(TM) to LIQUIDATION Based on Tail Volatilities & Correlations 'The Need for New Valuation, Risk and Policy Making Models' 两个新的风险指标:流动性亚洲基于尾部波动率和相关性的VaR(TM)和缺口(TM)变现

SWIFT Institute Research Paper Series Pub Date : 2017-02-22 DOI: 10.2139/ssrn.2920226

C. Crousillat

{"title":"Two New Risk Metrics: Liquidity Asian Put VaR(TM) and Shortfall(TM) to LIQUIDATION Based on Tail Volatilities & Correlations 'The Need for New Valuation, Risk and Policy Making Models'","authors":"C. Crousillat","doi":"10.2139/ssrn.2920226","DOIUrl":"https://doi.org/10.2139/ssrn.2920226","url":null,"abstract":"This paper derives two new improved risk metrics LAPVaR and LAPSF. Traditional VaRDeltaNormal valuation exaggerates market and liquidity risks to the point it could be larger than the actual portfolio value. Put VaR – PVaR – as well as Put Shortfall – PSF – uses option theory to solve the problem that, under any circumstance, the risk amount is never greater than the portfolio value. Risk to LIQUIDATION means every day-t, a portion of portfolio assets-i, for integer i ϵ (1, N) is unwound without disturbing the market; thus the final unwind price equals the sum-product of asset-i and price-return-(i,t), where for each asset-i ϵ (1, N), there is t ϵ (1, Hi,t), such that day-Hi, t is the last unwind day of asset-i. This method calculates Asian PVaR – APVaR – and Asian PSF – APSF – because it’s marked at the asset-i average unwind price from day-1 to day Hi,t. A formula is derived to estimate a horizon-Ĥ necessary to measure analytic VaRs. Liquidity haircut-Li are incorporated endogenously modifying forward-i value in the analytic formulas – LAPVaR and LAPSF – representing a great advantage over calculating exogenously Liquidity Haircuts in traditional VaRHistorical and analytic VaRDeltaNormal. The new formula is compared to the traditional risk measure, the Bullet Historical VaR to LIQUIDATION – i.e. VaR Historical.","PeriodicalId":139826,"journal":{"name":"SWIFT Institute Research Paper Series","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126543214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Глобалният валутен пазар и резервните валути - макрофинансови аспекти (The Global Forex Market and the Reserve Currencies - Macrofinancial Aspects)

SWIFT Institute Research Paper Series Pub Date : 2017-02-15 DOI: 10.2139/SSRN.2917014

Andrey Zahariev

{"title":"Глобалният валутен пазар и резервните валути - макрофинансови аспекти (The Global Forex Market and the Reserve Currencies - Macrofinancial Aspects)","authors":"Andrey Zahariev","doi":"10.2139/SSRN.2917014","DOIUrl":"https://doi.org/10.2139/SSRN.2917014","url":null,"abstract":"Bulgarian Abstract: Областта на научните изследвания в статията е валутният пазар, докато обекта – факторите, които влияят на обменните курсове на водещите световни резерви валути. Във фокуса на анализа е тезата на нарастващата роля на резервните валути за разширяване на сделките на валутните пазари при условия за запазване на способността им да се балансира бюджетните дисбаланси в търговските потоци чрез механизма на плаващ обменен курс. Главната цел на статията е да представи актуална гледна точка за оценка на факторите, които влияят на обменните курсове на глобалните резервни валути, които също са и основа на преобладаващите обеми от сделки на световните валутни пазари. \u0000English Abstract: The area of research in the paper is the foreign exchange market, while the object – the factors to influence the exchange rates of the leading world reserve currencies. Into the focus of the analysis is the thesis of the growing role of reserve currencies for the expansion of the transactions of foreign exchange markets under conditions of preserving their ability to rebalance budgetary imbalances in trade flows through the mechanism of floating exchange rates. The main goal of the paper is to present up-to-date perspective to evaluate the factors influencing the exchange rates of global reserve currencies that are also and the basis of the predominant volume of deals on global currency markets.","PeriodicalId":139826,"journal":{"name":"SWIFT Institute Research Paper Series","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131572829","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The Open Economy as a Recovery Factor for the SEE and the BSEC Countries – Before and after the Crises (2003-2011) 开放经济对SEE和BSEC国家复苏的影响——危机前后(2003-2011)

SWIFT Institute Research Paper Series Pub Date : 2016-07-10 DOI: 10.2139/ssrn.2807598

A. Zahariev

引用次数: 0

Modeling the Costs of Trade Finance During the Financial Crisis of 2008-2009: An Application of Dynamic Hierarchical Linear Model 2008-2009年金融危机期间贸易融资成本建模:动态层次线性模型的应用

SWIFT Institute Research Paper Series Pub Date : 2016-06-15 DOI: 10.2139/ssrn.2803172

S. Mullick, Ashwin Malshe, Nicolas Glady

引用次数: 0

Analysis of Taxation in Romania Using Laffer Curve, 1990-2012 1990-2012年罗马尼亚税收的拉弗曲线分析

SWIFT Institute Research Paper Series Pub Date : 2015-09-09 DOI: 10.2139/ssrn.2658053

Elena Pădurean

引用次数: 0

A Cost of Production Model for Bitcoin 比特币的生产成本模型

SWIFT Institute Research Paper Series Pub Date : 2015-03-19 DOI: 10.2139/ssrn.2580904

Adam S. Hayes

{"title":"A Cost of Production Model for Bitcoin","authors":"Adam S. Hayes","doi":"10.2139/ssrn.2580904","DOIUrl":"https://doi.org/10.2139/ssrn.2580904","url":null,"abstract":"As bitcoin becomes more important as a worldwide financial phenomenon, it also becomes important to understand its sources of value formation. There are three ways to obtain bitcoins: buy them outright, accept them in exchange, or else produce them by 'mining'. Mining employs computational effort which requires electrical consumption for operation. The cost of electricity per kWh, the efficiency of mining as measured by watts per unit of mining effort, the market price of bitcoin, and the difficulty of mining all matter in making the decision to produce. Bitcoin production seems to resemble a competitive market, so in theory miners will produce until their marginal costs equal their marginal product. Break-even points are modeled for market price, energy cost, efficiency and difficulty to produce. The cost of production price may represent a theoretical value around which market prices tend to gravitate. As the average efficiency increases over time due to competition driving technological progress – as inefficient capital becomes obsolete it is removed while new capital replaces them – the break-even production cost of bitcoins denominated in dollars will fall. Increased efficiency, although necessary to maintain competitive advantage over other miners could serve to drive the value of bitcoin down, however adjustments in the mining difficulty and the regular halving of the block reward throughout time will tend to counteract a decreasing tendency in cost of production.","PeriodicalId":139826,"journal":{"name":"SWIFT Institute Research Paper Series","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127433590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 35