ERN: Other Monetary Economics: Financial System & Institutions (Topic)最新文献

{"title":"Banking Finance Experts Consensus on Compliance in US Bank Holding Companies: An e-Delphi Study","authors":"Sophia Velez, Michael Neubert, D. Halkias","doi":"10.3390/jrfm13020028","DOIUrl":"https://doi.org/10.3390/jrfm13020028","url":null,"abstract":"Compliance measures emphasized in the Dodd-Frank Bill 2010, Section 165 is a response to the 2008 financial crisis, that requires large banks to maintain a minimum capital ratio. The Federal Reserve Bank (Fed) regulates capital of Bank Holding Companies (BHC) through compliance Supervisory Capital Assessment Program (SCAP) 2009 and Comprehensive Capital Adequacy Review (CCAR) 2011 annual stress test of capital. The Fed imposed a minimum capital ratio of 8% that has derailed the risk management objective of capital adequacy, as bank managers are forced to take on more risk to meet the capital ratio. This study concerns senior manager practices that can be effective in meeting compliance requirements posed by the Fed for BHCs. Through a qualitative e-Delphi study, 10 banking finance experts were convened to build consensus on senior manager’s practices that can be effective in meeting compliance requirements. Data were collected from three electronic questionnaires submitted through Qualtrics. Data were analyzed using theoretical triangulation, coding, and thematic analysis. Four important considerations were identified that could bolster compliance measures effectiveness: (a) emphasis placed on understanding regulatory consultant compliance, (b) maintenance of effective and independent compliance align to organizational objectives, (c) clear definition of data source for compliance analytics. These considerations of compliance practices may help senior bank managers reduce risky behaviors and investments that cause significant bank losses.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"252 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134156754","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}

{"title":"Factors Affecting Choice of Commercial Banks in Kosovo","authors":"Arbana Sahiti, M. Aliu, A. Sahiti, Kushtrim Aliu","doi":"10.2139/ssrn.3772443","DOIUrl":"https://doi.org/10.2139/ssrn.3772443","url":null,"abstract":"This research investigates the factors that influence customers choice of commercial banks in Kosovo and also the factors that influence their continued patronage. A survey research was carried out that involved interviews with bank customers and staffs to explore how customers choose their banks. The input from this group was used to develop the research questionnaire which was responded to by 192 bank customers in Kosovo region. The research revealed that customer service quality, reputation/image of banks and availability of a wide branch network were the most important influences on customers choice of commercial banks in Kosovo It was also observed that the most important factors that encouraged continued patronage of commercial banks in Kosovo were customer service quality, proximity of banks to office or home and reputation/image of the bank.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114874966","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}

{"title":"КОНЦЕПЦИЯ ПРОДУКТИВНОСТИ И ЭФФЕКТИВНОСТИ В БАНКАХ (Productivity and Efficiency Concepts in Banks)","authors":"Jalal H. Abu-Alrop","doi":"10.2139/ssrn.3725832","DOIUrl":"https://doi.org/10.2139/ssrn.3725832","url":null,"abstract":"<b>Russian Abstract:</b> В данной статье делается попытка провести различие между понятиями производительности и эффективности в банках. В статье показано, что понятие эффективности является относительным понятием, определяемым расстоянием между эффективностью и идеальными уровнями. Эффективность заключается в том, чтобы работать умнее, чтобы получать больше при меньших затратах. но продуктивность нацелена только на увеличение общего дохода, что возможно благодаря повышению производительности и повышению результатов. Таким образом, концепция эффективности является более всеобъемлющей, чем концепция производительности. В документе также проводится различие между двумя типами банковской эффективности, вопервых, концепция X-эффективности, в котором предполагается, что эффективность связана с природой человеческой организации, вторая - это операционная эффективность, которая является чисто технической концепцией, она указывает, использует ли банк минимальный объем ресурсов для производства определенного объёма продукции или увеличивает объем выходной дано заданному количеству ввода.<br><br><b>English Abstract:</b> This article attempts to distinguish between the concepts of productivity and efficiency in banks. The article shows that the concept of efficiency is a relative concept defined by the distance between efficiency and ideal levels. Efficiency is to work smarter, to get more at a lower cost. but productivity is only aimed at increasing total income, which is possible due to increased productivity and improved results. Thus, the concept of efficiency is more comprehensive than the concept of performance. The document also makes a distinction between the two types of banking efficiency, firstly, the concept of X-efficiency, which assumes that efficiency is related to the nature of the human organization, the second is operational efficiency, which is a purely technical concept, it indicates whether the bank uses the minimum amount of resources for the production of a certain volume of production or increases the output volume is given to a given amount of input.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"133 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122654726","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}

{"title":"« OEconomicae et pecuniariae quaestiones », une tentative de lecture à partir des fonctions de Merton (‘OEconomicae et pecuniariae quaestiones’: A Reading Attempt From Merton’s Functions)","authors":"Sebastien Michel Lemeunier","doi":"10.2139/ssrn.3584766","DOIUrl":"https://doi.org/10.2139/ssrn.3584766","url":null,"abstract":"<b>French Abstract:</b> L’Eglise a publié un texte de référence sur la finance « OEconomicae et pecuniariae quaestiones » qui vise notamment à pointer les faiblesses du système financier et à proposer des solutions. Afin d’éprouver ces arguments, nous les avons distribuées dans les fonctions du système financier de Merton (1995) et nous avons cherché à vérifier si ces critiques les remettaient effectivement en question. Nous trouvons que l’Eglise concentre ses reproches sur les fonctions de gestion des risques et des conflits d’intérêts. Elle recommande d’être vigilant sur la fonction liée à l’information. Finalement, en regroupant les solutions proposées nous faisons émerger une approche cohérente et complémentaire au système financier basée sur la transparence de l’information. <br><br><b>English Abstract:</b> The Church has published a text of reference related to Finance \"OEconomicae et pecuniariae quaestiones\" which aims to point out the weaknesses of the financial system and to propose solutions. In order to test these arguments, we distributed them in the Merton’s (1995) functions for the financial system and we verify whether these critics actually challenge them. We find that the Church focuses its criticisms on the functions of risk management and conflicts of interest. It recommends being vigilant about the information function. Finally, by grouping the solutions, it emerges a coherent and complementary approach to the financial system based on the transparency of information.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128284441","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}

{"title":"Systematic Financial Intermediation and Business Cycles","authors":"Paul Borochin, Ujjal Chatterjee","doi":"10.2139/ssrn.3534432","DOIUrl":"https://doi.org/10.2139/ssrn.3534432","url":null,"abstract":"Theory suggests that financial intermediation (FI) spurs economic growth by reducing investment frictions. Prior literature focuses on bank lending as a driver of economic growth, with limited success for US GDP. We augment bank balance sheet data with that from shadow banks, mutual and pension funds, insurers, and brokers, finding that aggregate FI assets lead GDP growth and forecast recessions up to three quarters in advance, although the weight of each FI group in the aggregate fluctuates. Aggregated FIs expand their total assets when the slope of the Treasury yield curve is upward sloping and the effective Federal funds rate is higher, thereby revealing the importance of monetary policy in the financial intermediation process. We further show that aggregate FI contains leading information about investment and consumption and predicts industrial production and unemployment.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123196436","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}

{"title":"Theories of Financial Inclusion","authors":"Peterson K. Ozili","doi":"10.2139/ssrn.3526548","DOIUrl":"https://doi.org/10.2139/ssrn.3526548","url":null,"abstract":"This article presents several theories of financial inclusion. Financial inclusion is the ease of access to, and the availability of, basic financial services to all members of the population. Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs in a responsible and sustainable way. Financial inclusion practices vary from country to country, and there is need to identify the underlying principles or propositions that can explain the observed variation in financial inclusion practices. These set of principles or propositions are called theories. Financial inclusion theories are explanations for observed financial inclusion practices. The study shows that the ideas and perspectives on financial inclusion can be grouped into theories to facilitate meaningful discussions in the literature. The theories are intended to be useful to researchers, academics and practitioners. The resulting contributions to theory development are useful to the problem-solving process in the global financial inclusion agenda.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121565476","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}

{"title":"Communication in Banking Sector: A Systematic Review","authors":"Sulochana Shrestha","doi":"10.3126/qjmss.v1i2.27445","DOIUrl":"https://doi.org/10.3126/qjmss.v1i2.27445","url":null,"abstract":"Background: Effective banking communication strengthens the relationship between customer, suppliers, stakeholders, manager, client, employees and board of directors. Banker’s experience on banking communication enhances banking system, employee’s behavior and core banking services facilities management. Banking communication improves organizational effectiveness through training, knowledge management, risk management, internal control system and data security management. In modern era, communication channel is transformed into electronic channel promoting e-banking which includes internet banking, mobile banking and e-payment system. Moreover, clerical work shifted into electronic form, which cut costs and satisfy customer.<br><br>Objectives: This paper explores how banker’s experience effects on banking communication in commercial banks, which enhances their understanding level and determines effective communication in workplace.<br><br>Methods: Extensive desk reviews followed by related literature werecarried out to gain better insight regarding the field of study.<br><br>Findings: With the passage of time, computers and technologies have changed the traditional method of communication system. Banks are now using windows, world processing system, excel, computer operating system, DOS, database management system, data planning and database design, data security, internet, intranet, extranet service and email system which increase working performance.<br><br>Conclusions: Bank managers need to understand importance of communication skills in order to increase effectiveness of internal communication between manager and employees.<br><br>Implications: Commercial banks of Nepal requireto update in their communication practices and strategies in order to build proper channel which would help in communication between employees and management.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116572314","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}

{"title":"부실금융회사의 조기정리를 위한 예금자보호법제의 개선방안 (A Study on Improvement of Depositor Protection Legislation for Early Resolution of Insolvent Financial Companies)","authors":"Sung-Ryoel Oh","doi":"10.2139/ssrn.3511907","DOIUrl":"https://doi.org/10.2139/ssrn.3511907","url":null,"abstract":"<b>Korean Abstract:</b> 2007년 말부터 발생한 세계적인 금융위기를 계기로 주요국은 다양한 분야에 걸쳐 금융규제를 새롭게 하고 있다. 부실금융회사(insolvent financial companies)에 대한 조기정리(early resolution) 등 효과적인 정리체계(resolution regimes)의 구축도 그 중의 하나이다.<br>우리나라의 경우에는 2015년 예금자보호법의 개정을 통하여 부실금융회사의 범위를 넓힘으로써, 조기정리에 관한 여지를 남겨두고는 있으나, 그 절차 및 처리구조에 관한 상세한 법규는 도입되지 아니한 상태이다. 그리하여 이 연구에서는 부실금융회사가 조기정리 되는 경우 주주권의 소멸 또는 축소(extinction or downsizing)에 관한 주요국의 논의상황을 살펴보고, 그 차이점을 분석한 후 우리나라의 예금자보호법제의 개선방안을 제시하였다.<br>나아가 부실금융회사의 조기정리에 필요한 몇 가지 법･정책적 방안도 제시하여 보았다. 구체적으로는 ① 법원역할의 일부제한 및 행정절차 중심구조의 법제설계, ② 독립된 법제구축, ③ 일반채권대비 예금자채권에 우선권(depositor preference)을 부여하는 정책의 도입, ④ 금융회사의 도덕적 해이(moral hazard) 방지, ⑤ 금융시장안정화정책의 강화 등에 관한 내용을 포함하고 있다.<br><br><b>English Abstract:</b> As a result of the global financial crisis that began in late 2007, major countries are revising their financial regulations across a variety of sectors. One of these is the establishment of effective resolution regimes, such as for early resolution of insolvent financial companies. <br><br>In Korea, the amendment of the Depositor Protection Act of 2015 extends the range of insolvent financial institutions and widens the scope for early resolution of insolvent financial companies, but detailed regulations on the procedures and structure have not been introduced. Therefore, in this study we examine the discussions in major countries on the extinction or downsizing of shareholders' rights in the case of early resolution of insolvent financial institutions. After analyzing the differences, methods of improvement are suggested for depositor protection legislation in Korea. <br><br>In addition, we present some legal and regulatory measures necessary for early resolution of insolvent financial institutions. More specifically, these include:<br><br>(1) a policy that partly restricts the role of the courts with a centralized legislative structure for administrative procedures, <br><br>(2) an independent legal system, <br><br>(3) introduction of a policy to provide a priority for depositor bonds and general bonds, <br><br>(4) prevention of moral hazards at financial institutions, and <br><br>(5) strengthening the financial market stabilization policy.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"361 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122058508","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}

{"title":"The Impact of Bank's Asset and Liability Structure on their Profitability Regardless of Monetary Policy and Size: A Panel Analysis","authors":"Osama Wagdi, Amira Hasaneen, Walid Abouzeid","doi":"10.5296/ajfa.v11i2.15645","DOIUrl":"https://doi.org/10.5296/ajfa.v11i2.15645","url":null,"abstract":"The study examines the impact of bank's asset and liability structure on their profitability without monetary policy and size; the study utilizes panel data with cross section analysis on data of 10 unit banks according to the annual balance sheet & performance. The populations of the study are bank units listed on Egyptian Exchange (EGX), the study’s data collection covered the duration from 2008 till 2016. Eventually, the study ascertained that there is an impact of the bank's asset and liability structure on their profitability according to \"Return on Asset\" and \"Return on Equity\"; however, the interprets of bank's asset and liability structure for \"Return on Equity\" more that to \"Return on Asset\". Therefore, the banking units should work to maintain the optimal rate of the structure of the bank's assets and liabilities; this may be a potential research scope in banks.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134497175","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}

{"title":"Money Creation in Fiat and Digital Currency Systems","authors":"M. Gross, Christoph Siebenbrunner","doi":"10.5089/9781513521565.001","DOIUrl":"https://doi.org/10.5089/9781513521565.001","url":null,"abstract":"To support the understanding that banks’ debt issuance means money creation, while centralized nonbank financial institutions’ and decentralized bond market intermediary lending does not, the paper aims to convey two related points: First, the notion of money creation as a result of banks’ loan creation is compatible with the notion of liquid funding needs in a multi-bank system, in which liquid fund (reserve) transfers across banks happen naturally. Second, interest rate-based monetary policy has a bearing on macroeconomic dynamics precisely due to that multi-bank structure. It would lose its impact in the hypothetical case that only one (“singular”) commercial bank would exist. We link our discussion to the emergence and design of central bank digital currencies (CBDC), with a special focus on how loans would be granted in a CBDC world.","PeriodicalId":299344,"journal":{"name":"ERN: Other Monetary Economics: Financial System & Institutions (Topic)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128881278","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}