Fintech, Pandemic, and the Financial System Challenges and Opportunities
Volume 22, Fintech, Pandemic, and the Financial System, examines systemic challenges faced by a wide range of financial market participants and the continued disruptions introduced by financial innovations (Fintech)
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Bingley
Emerald Publishing Limited
2023
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| Ausgabe: | 1st ed |
| Schriftenreihe: | International Finance Review Series
v.22 |
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| 505 | 8 | |a Intro -- Half Title Page -- Series Page -- Title Page -- Copyright Page -- Contents -- List of Contributors -- Part I-An Overview -- Chapter 1: An Overview of Fintech, Pandemic and the Financial System: Challenges and Opportunities -- 1. Overview -- 2. Fintech and Pandemic -- 3. Cryptocurrency and the Financial System -- 4. Central Bank Digital Currency -- 5. Economy and the Financial System -- Part II-Fintech and Pandemic -- Chapter 2: Banks' Patenting as an Answer to Emerging Fintech and Bigtech Competition: A Cross-Country Empirical Study -- 1. Introduction -- 2. Literature Review and Hypotheses Formulation -- 3. Data and Methodology -- 3.1. Method -- 4. Results and Interpretation -- 5. Conclusions -- References -- Chapter 3: Digital Financial Inclusion: Its Role in Mitigating GDP Losses During the Pandemic -- 1. Introduction -- 2. Data, Variables, and Methodology -- 3. Empirical Results -- 4. Digital Finance, Pandemic Uncertainty Index, and GDP Losses -- 5. Robustness Check -- 6. Conclusion -- References -- Chapter 4: The Role of FinTech in the Paycheck Protection Program -- 1. Introduction -- 2. Background -- 3. Data -- 3.1. Firm-level Variables -- 3.2. Lender-level Variables -- 3.3. Measures of Distance -- 3.4. Methodology -- 4. Results -- 4.2. Financial Technology and Competition -- 5. Conclusion and Avenues for Further Research -- 5.2. Avenues for Further Research -- References -- Chapter 5: Gender Gap in Consumer Loan Performance: Evidence from Fintech Lending in an Emerging Economy -- 1. Introduction -- 2. Data -- 3. Methodology -- 4. Results -- 5. Conclusion -- References -- Part III-Cryptocurrency and the Financial System -- Chapter 6: Cryptocurrencies Meet Equities: Risk Factors and Asset-pricing Relationships -- 1. Introduction -- 2. Data -- 3. Comparison of Cryptocurrency and Equity Market Factors -- Size and Momentum Factors | |
| 505 | 8 | |a Implied Volatility Factors -- 4. Cryptocurrency Pricing by Equity and Crypto Factors -- 5. Cryptocurrency Pricing by Global and Regional Factors -- 6. Conclusion -- References -- Chapter 7: Got Crypto? Evidence from Markowitz, Kataoka, and Conditional Value-at-Risk Models -- 1. Introduction -- 2. Mathematical Models for Portfolio Optimization -- 2.2. Kataoka's Model -- 2.3. Portfolio Optimization With the CVaR -- 3. Some Diversification Constraints -- 3.1. Investing in Different Industries -- 3.2. Diversification Among Small-, Mid-, and Large-cap Stocks -- 3.3. Blend With Growth and Value Stocks -- 4. Data Description -- 5. Portfolio Without Cryptocurrency -- 5.1. Portfolios Without Any Diversification Constraints -- 5.2 Portfolio Rebalancing, Together With Diversification Constraints -- 5.3. Trading Based on Technical Analysis -- 6. Portfplio Including Cryptocurrency -- 6.1. Rebalancing and Diversification With Crypto -- 6.2 Trading Based on Technical analysis With Crypto -- 7. Conclusion -- 7.2. Concluding Remarks -- References -- Chapter 8: International Financial Regulation of Cryptoassets and Asset-Backed Tokens -- 1. Introduction -- 2. Background -- 3. Asset-Backed Tokens -- 3.2. Benefits of Tokenization -- 3.3. Challenges -- 3.4. Case Studies -- 4. Risks of Permissionless DLTs and Smart Contracts -- 4.1. Mining Pools and Mining Concentration -- 4.2. Risks of Smart Contracts -- 5. Regulatory Issues of ABT -- 5.1. General Principles -- 5.2. Capital Requirements -- 5.3. Consultation Outcomes -- 6. Conclusion -- References -- Part IV- Central Bank Digital Currency -- Chapter 9: Central Bank Digital Currencies: The Motivation -- 1. Introduction -- 2. Motivation for CBDCs -- 2.1. General Overview -- 2.2. Motivation in Detail -- 2.2.1. Monetary Policy -- 2.2.2. Financial Inclusion -- 2.2.3. Payment Services -- 2.2.4. Monetary and Economic Sovereignty | |
| 505 | 8 | |a 3. Case Studies -- 3.1. The Bahamas -- 3.2. Nigeria -- 3.3. Eurozone -- 3.4. People's Republic of China -- 3.5. Russian Federation -- 3.6. Sweden -- 3.7. United States of America -- 3.8. Uruguay -- Disclaimer -- References -- Chapter 10: A Review of the Proposed Bank of England's "Retail" Central Bank Digital Currency (CBDC) as a Cryptocurrency Competitor -- 1. Introduction -- 2. What Is the BoE Proposing? -- 3. What Role Will a Retail CBDC Play in the UK Payments Landscape and Wider Global Financial System? -- 4. What Is the Need for a CBDC? -- 5. Should the UK Implement a CBDC and What Are the Benefits, Challenges and Risks Involved? -- 6. What Are Cryptocurrency's Competencies, and the Benefits and Risks? -- 7. A CBDC or Cryptocurrency for Users? -- 8. The UK Case for a CBDC -- 9. Conclusion -- References -- Chapter 11: The Digital Euro From a Geopolitical Perspective: Will Europe Lag Behind?* -- Introduction -- Monetary Innovation Around Blockchain Technology -- Digital Money Solutions -- Cash Transactions -- Account-Based Digital Payments via Bank Accounts -- Novel Digital Money Solutions -- Stablecoins -- Stablecoins and KYC -- CBDC and KYC -- Trigger Solutions -- Central Banks' Responses to Digital Payments -- China -- United States -- Euro Area -- The Geopolitical Significance of Money -- The Euro as a Digital Regional Currency? -- Bibliography -- Part V- Economy and the Financial System -- Chapter 12: The Journey of an Exchange Traded Fund: Becoming a Unicorn or Zombie -- 1. Introduction and Literature Review -- 2. Hypotheses -- 3. Data, Sample Selection, and Variable Construction -- 4. Empirical Results and Discussions -- 4.1. First-Mover and Winner-Takes-All Effects -- 4.2. Event Studies on Delisted and Zombie ETFs -- 4.3. Crisis -- 5. Conclusion -- References | |
| 505 | 8 | |a Chapter 13: Does Finance Benefit Society? Financial Sector Size and Labor Market Performance -- 1. Introduction -- 2. Background and Related Literature -- 3. Empirical Design -- 3.1. Modelling Approach -- 3.2. Data and Sample -- 3.3. Descriptive Statistics -- 4. Empirical Analysis -- 4.1. Benchmark Finance Regressions -- 4.2. Main Results -- 4.3. Additional Analyses -- 5. Conclusion -- Declaration of Interest -- References -- Chapter 14: On the Effectiveness of Capital Controls: A Synthetic Control Method Approach -- 1. Introduction -- 2. Empirical Framework -- 2.1. Data -- 2.2. Selection of Interventions and Donor Pools -- 2.3. Empirical Model -- 3. Results -- 3.1. Controls on Outflows Removed in Russia -- 3.2. Controls on Outflows Imposed and Controls on Inflows Removed in Egypt -- 3.3. Controls on Inflows Released in Kenya -- 3.5. Discussion -- 3.4. Controls on Inflows Implemented in Nigeria -- 4. Sensitivity Analysis -- 4.1. Placebo Test -- 4.2. Difference-in-Difference -- 4.3. Identifying Assumptions -- 4.4. Synthetic Difference in Difference -- 5. Conclusion -- References -- Chapter 15: Determinants in the Development of Financial Centers: Evolution Around the World -- 1. Introduction -- 2. DISCUSSION ON MAJOR DETERMINANTS OF A GLOBAL FINANCIAL CENTER -- 2.1. Economic Power -- 2.2. Governance and Business Environment -- 2.3. The Growth of Financial Services -- 2.4. High-skilled Labor Force -- 2.5. Financing Infrastructure Development and Accessibility -- 2.6. Host Country's Reputation and Stability -- 3. Challenges to The Dominance: Economic Changes and Percussion on the Leading Financial Centers -- 3.1. Brexit - Reduced Access to European Financial Markets and Impacts on London Financial Center -- 3.2. Hong Kong Under China's Tightening Grip -- 3.3. Fintech As The New Driver of Financial Innovations -- 4. Conclusion -- References -- Index | |
| 520 | |a Volume 22, Fintech, Pandemic, and the Financial System, examines systemic challenges faced by a wide range of financial market participants and the continued disruptions introduced by financial innovations (Fintech) | ||
| 650 | 4 | |a Banking law | |
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Datensatz im Suchindex
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| author | Kim, Suk-Joong |
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| contents | Intro -- Half Title Page -- Series Page -- Title Page -- Copyright Page -- Contents -- List of Contributors -- Part I-An Overview -- Chapter 1: An Overview of Fintech, Pandemic and the Financial System: Challenges and Opportunities -- 1. Overview -- 2. Fintech and Pandemic -- 3. Cryptocurrency and the Financial System -- 4. Central Bank Digital Currency -- 5. Economy and the Financial System -- Part II-Fintech and Pandemic -- Chapter 2: Banks' Patenting as an Answer to Emerging Fintech and Bigtech Competition: A Cross-Country Empirical Study -- 1. Introduction -- 2. Literature Review and Hypotheses Formulation -- 3. Data and Methodology -- 3.1. Method -- 4. Results and Interpretation -- 5. Conclusions -- References -- Chapter 3: Digital Financial Inclusion: Its Role in Mitigating GDP Losses During the Pandemic -- 1. Introduction -- 2. Data, Variables, and Methodology -- 3. Empirical Results -- 4. Digital Finance, Pandemic Uncertainty Index, and GDP Losses -- 5. Robustness Check -- 6. Conclusion -- References -- Chapter 4: The Role of FinTech in the Paycheck Protection Program -- 1. Introduction -- 2. Background -- 3. Data -- 3.1. Firm-level Variables -- 3.2. Lender-level Variables -- 3.3. Measures of Distance -- 3.4. Methodology -- 4. Results -- 4.2. Financial Technology and Competition -- 5. Conclusion and Avenues for Further Research -- 5.2. Avenues for Further Research -- References -- Chapter 5: Gender Gap in Consumer Loan Performance: Evidence from Fintech Lending in an Emerging Economy -- 1. Introduction -- 2. Data -- 3. Methodology -- 4. Results -- 5. Conclusion -- References -- Part III-Cryptocurrency and the Financial System -- Chapter 6: Cryptocurrencies Meet Equities: Risk Factors and Asset-pricing Relationships -- 1. Introduction -- 2. Data -- 3. Comparison of Cryptocurrency and Equity Market Factors -- Size and Momentum Factors Implied Volatility Factors -- 4. Cryptocurrency Pricing by Equity and Crypto Factors -- 5. Cryptocurrency Pricing by Global and Regional Factors -- 6. Conclusion -- References -- Chapter 7: Got Crypto? Evidence from Markowitz, Kataoka, and Conditional Value-at-Risk Models -- 1. Introduction -- 2. Mathematical Models for Portfolio Optimization -- 2.2. Kataoka's Model -- 2.3. Portfolio Optimization With the CVaR -- 3. Some Diversification Constraints -- 3.1. Investing in Different Industries -- 3.2. Diversification Among Small-, Mid-, and Large-cap Stocks -- 3.3. Blend With Growth and Value Stocks -- 4. Data Description -- 5. Portfolio Without Cryptocurrency -- 5.1. Portfolios Without Any Diversification Constraints -- 5.2 Portfolio Rebalancing, Together With Diversification Constraints -- 5.3. Trading Based on Technical Analysis -- 6. Portfplio Including Cryptocurrency -- 6.1. Rebalancing and Diversification With Crypto -- 6.2 Trading Based on Technical analysis With Crypto -- 7. Conclusion -- 7.2. Concluding Remarks -- References -- Chapter 8: International Financial Regulation of Cryptoassets and Asset-Backed Tokens -- 1. Introduction -- 2. Background -- 3. Asset-Backed Tokens -- 3.2. Benefits of Tokenization -- 3.3. Challenges -- 3.4. Case Studies -- 4. Risks of Permissionless DLTs and Smart Contracts -- 4.1. Mining Pools and Mining Concentration -- 4.2. Risks of Smart Contracts -- 5. Regulatory Issues of ABT -- 5.1. General Principles -- 5.2. Capital Requirements -- 5.3. Consultation Outcomes -- 6. Conclusion -- References -- Part IV- Central Bank Digital Currency -- Chapter 9: Central Bank Digital Currencies: The Motivation -- 1. Introduction -- 2. Motivation for CBDCs -- 2.1. General Overview -- 2.2. Motivation in Detail -- 2.2.1. Monetary Policy -- 2.2.2. Financial Inclusion -- 2.2.3. Payment Services -- 2.2.4. Monetary and Economic Sovereignty 3. Case Studies -- 3.1. The Bahamas -- 3.2. Nigeria -- 3.3. Eurozone -- 3.4. People's Republic of China -- 3.5. Russian Federation -- 3.6. Sweden -- 3.7. United States of America -- 3.8. Uruguay -- Disclaimer -- References -- Chapter 10: A Review of the Proposed Bank of England's "Retail" Central Bank Digital Currency (CBDC) as a Cryptocurrency Competitor -- 1. Introduction -- 2. What Is the BoE Proposing? -- 3. What Role Will a Retail CBDC Play in the UK Payments Landscape and Wider Global Financial System? -- 4. What Is the Need for a CBDC? -- 5. Should the UK Implement a CBDC and What Are the Benefits, Challenges and Risks Involved? -- 6. What Are Cryptocurrency's Competencies, and the Benefits and Risks? -- 7. A CBDC or Cryptocurrency for Users? -- 8. The UK Case for a CBDC -- 9. Conclusion -- References -- Chapter 11: The Digital Euro From a Geopolitical Perspective: Will Europe Lag Behind?* -- Introduction -- Monetary Innovation Around Blockchain Technology -- Digital Money Solutions -- Cash Transactions -- Account-Based Digital Payments via Bank Accounts -- Novel Digital Money Solutions -- Stablecoins -- Stablecoins and KYC -- CBDC and KYC -- Trigger Solutions -- Central Banks' Responses to Digital Payments -- China -- United States -- Euro Area -- The Geopolitical Significance of Money -- The Euro as a Digital Regional Currency? -- Bibliography -- Part V- Economy and the Financial System -- Chapter 12: The Journey of an Exchange Traded Fund: Becoming a Unicorn or Zombie -- 1. Introduction and Literature Review -- 2. Hypotheses -- 3. Data, Sample Selection, and Variable Construction -- 4. Empirical Results and Discussions -- 4.1. First-Mover and Winner-Takes-All Effects -- 4.2. Event Studies on Delisted and Zombie ETFs -- 4.3. Crisis -- 5. Conclusion -- References Chapter 13: Does Finance Benefit Society? Financial Sector Size and Labor Market Performance -- 1. Introduction -- 2. Background and Related Literature -- 3. Empirical Design -- 3.1. Modelling Approach -- 3.2. Data and Sample -- 3.3. Descriptive Statistics -- 4. Empirical Analysis -- 4.1. Benchmark Finance Regressions -- 4.2. Main Results -- 4.3. Additional Analyses -- 5. Conclusion -- Declaration of Interest -- References -- Chapter 14: On the Effectiveness of Capital Controls: A Synthetic Control Method Approach -- 1. Introduction -- 2. Empirical Framework -- 2.1. Data -- 2.2. Selection of Interventions and Donor Pools -- 2.3. Empirical Model -- 3. Results -- 3.1. Controls on Outflows Removed in Russia -- 3.2. Controls on Outflows Imposed and Controls on Inflows Removed in Egypt -- 3.3. Controls on Inflows Released in Kenya -- 3.5. Discussion -- 3.4. Controls on Inflows Implemented in Nigeria -- 4. Sensitivity Analysis -- 4.1. Placebo Test -- 4.2. Difference-in-Difference -- 4.3. Identifying Assumptions -- 4.4. Synthetic Difference in Difference -- 5. Conclusion -- References -- Chapter 15: Determinants in the Development of Financial Centers: Evolution Around the World -- 1. Introduction -- 2. DISCUSSION ON MAJOR DETERMINANTS OF A GLOBAL FINANCIAL CENTER -- 2.1. Economic Power -- 2.2. Governance and Business Environment -- 2.3. The Growth of Financial Services -- 2.4. High-skilled Labor Force -- 2.5. Financing Infrastructure Development and Accessibility -- 2.6. Host Country's Reputation and Stability -- 3. Challenges to The Dominance: Economic Changes and Percussion on the Leading Financial Centers -- 3.1. Brexit - Reduced Access to European Financial Markets and Impacts on London Financial Center -- 3.2. Hong Kong Under China's Tightening Grip -- 3.3. Fintech As The New Driver of Financial Innovations -- 4. Conclusion -- References -- Index |
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| dewey-full | 332 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332 |
| dewey-search | 332 |
| dewey-sort | 3332 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1st ed |
| format | Electronic eBook |
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Methodology -- 4. Results -- 4.2. Financial Technology and Competition -- 5. Conclusion and Avenues for Further Research -- 5.2. Avenues for Further Research -- References -- Chapter 5: Gender Gap in Consumer Loan Performance: Evidence from Fintech Lending in an Emerging Economy -- 1. Introduction -- 2. Data -- 3. Methodology -- 4. Results -- 5. Conclusion -- References -- Part III-Cryptocurrency and the Financial System -- Chapter 6: Cryptocurrencies Meet Equities: Risk Factors and Asset-pricing Relationships -- 1. Introduction -- 2. Data -- 3. Comparison of Cryptocurrency and Equity Market Factors -- Size and Momentum Factors</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Implied Volatility Factors -- 4. Cryptocurrency Pricing by Equity and Crypto Factors -- 5. Cryptocurrency Pricing by Global and Regional Factors -- 6. Conclusion -- References -- Chapter 7: Got Crypto? Evidence from Markowitz, Kataoka, and Conditional Value-at-Risk Models -- 1. Introduction -- 2. Mathematical Models for Portfolio Optimization -- 2.2. Kataoka's Model -- 2.3. Portfolio Optimization With the CVaR -- 3. Some Diversification Constraints -- 3.1. Investing in Different Industries -- 3.2. Diversification Among Small-, Mid-, and Large-cap Stocks -- 3.3. Blend With Growth and Value Stocks -- 4. Data Description -- 5. Portfolio Without Cryptocurrency -- 5.1. Portfolios Without Any Diversification Constraints -- 5.2 Portfolio Rebalancing, Together With Diversification Constraints -- 5.3. Trading Based on Technical Analysis -- 6. Portfplio Including Cryptocurrency -- 6.1. Rebalancing and Diversification With Crypto -- 6.2 Trading Based on Technical analysis With Crypto -- 7. Conclusion -- 7.2. Concluding Remarks -- References -- Chapter 8: International Financial Regulation of Cryptoassets and Asset-Backed Tokens -- 1. Introduction -- 2. Background -- 3. Asset-Backed Tokens -- 3.2. Benefits of Tokenization -- 3.3. Challenges -- 3.4. Case Studies -- 4. Risks of Permissionless DLTs and Smart Contracts -- 4.1. Mining Pools and Mining Concentration -- 4.2. Risks of Smart Contracts -- 5. Regulatory Issues of ABT -- 5.1. General Principles -- 5.2. Capital Requirements -- 5.3. Consultation Outcomes -- 6. Conclusion -- References -- Part IV- Central Bank Digital Currency -- Chapter 9: Central Bank Digital Currencies: The Motivation -- 1. Introduction -- 2. Motivation for CBDCs -- 2.1. General Overview -- 2.2. Motivation in Detail -- 2.2.1. Monetary Policy -- 2.2.2. Financial Inclusion -- 2.2.3. Payment Services -- 2.2.4. Monetary and Economic Sovereignty</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">3. Case Studies -- 3.1. The Bahamas -- 3.2. Nigeria -- 3.3. Eurozone -- 3.4. People's Republic of China -- 3.5. Russian Federation -- 3.6. Sweden -- 3.7. United States of America -- 3.8. Uruguay -- Disclaimer -- References -- Chapter 10: A Review of the Proposed Bank of England's "Retail" Central Bank Digital Currency (CBDC) as a Cryptocurrency Competitor -- 1. Introduction -- 2. What Is the BoE Proposing? -- 3. What Role Will a Retail CBDC Play in the UK Payments Landscape and Wider Global Financial System? -- 4. What Is the Need for a CBDC? -- 5. Should the UK Implement a CBDC and What Are the Benefits, Challenges and Risks Involved? -- 6. What Are Cryptocurrency's Competencies, and the Benefits and Risks? -- 7. A CBDC or Cryptocurrency for Users? -- 8. The UK Case for a CBDC -- 9. Conclusion -- References -- Chapter 11: The Digital Euro From a Geopolitical Perspective: Will Europe Lag Behind?* -- Introduction -- Monetary Innovation Around Blockchain Technology -- Digital Money Solutions -- Cash Transactions -- Account-Based Digital Payments via Bank Accounts -- Novel Digital Money Solutions -- Stablecoins -- Stablecoins and KYC -- CBDC and KYC -- Trigger Solutions -- Central Banks' Responses to Digital Payments -- China -- United States -- Euro Area -- The Geopolitical Significance of Money -- The Euro as a Digital Regional Currency? -- Bibliography -- Part V- Economy and the Financial System -- Chapter 12: The Journey of an Exchange Traded Fund: Becoming a Unicorn or Zombie -- 1. Introduction and Literature Review -- 2. Hypotheses -- 3. Data, Sample Selection, and Variable Construction -- 4. Empirical Results and Discussions -- 4.1. First-Mover and Winner-Takes-All Effects -- 4.2. Event Studies on Delisted and Zombie ETFs -- 4.3. Crisis -- 5. Conclusion -- References</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Chapter 13: Does Finance Benefit Society? Financial Sector Size and Labor Market Performance -- 1. Introduction -- 2. Background and Related Literature -- 3. Empirical Design -- 3.1. Modelling Approach -- 3.2. Data and Sample -- 3.3. Descriptive Statistics -- 4. Empirical Analysis -- 4.1. Benchmark Finance Regressions -- 4.2. Main Results -- 4.3. Additional Analyses -- 5. Conclusion -- Declaration of Interest -- References -- Chapter 14: On the Effectiveness of Capital Controls: A Synthetic Control Method Approach -- 1. Introduction -- 2. Empirical Framework -- 2.1. Data -- 2.2. Selection of Interventions and Donor Pools -- 2.3. Empirical Model -- 3. Results -- 3.1. Controls on Outflows Removed in Russia -- 3.2. Controls on Outflows Imposed and Controls on Inflows Removed in Egypt -- 3.3. Controls on Inflows Released in Kenya -- 3.5. Discussion -- 3.4. Controls on Inflows Implemented in Nigeria -- 4. Sensitivity Analysis -- 4.1. Placebo Test -- 4.2. Difference-in-Difference -- 4.3. Identifying Assumptions -- 4.4. Synthetic Difference in Difference -- 5. Conclusion -- References -- Chapter 15: Determinants in the Development of Financial Centers: Evolution Around the World -- 1. Introduction -- 2. DISCUSSION ON MAJOR DETERMINANTS OF A GLOBAL FINANCIAL CENTER -- 2.1. Economic Power -- 2.2. Governance and Business Environment -- 2.3. The Growth of Financial Services -- 2.4. High-skilled Labor Force -- 2.5. Financing Infrastructure Development and Accessibility -- 2.6. Host Country's Reputation and Stability -- 3. Challenges to The Dominance: Economic Changes and Percussion on the Leading Financial Centers -- 3.1. Brexit - Reduced Access to European Financial Markets and Impacts on London Financial Center -- 3.2. Hong Kong Under China's Tightening Grip -- 3.3. Fintech As The New Driver of Financial Innovations -- 4. Conclusion -- References -- Index</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Volume 22, Fintech, Pandemic, and the Financial System, examines systemic challenges faced by a wide range of financial market participants and the continued disruptions introduced by financial innovations (Fintech)</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banking law</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="a">Kim, Suk-Joong</subfield><subfield code="t">Fintech, Pandemic, and the Financial System</subfield><subfield code="d">Bingley : Emerald Publishing Limited,c2023</subfield><subfield code="z">9781802629484</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-30-PQE</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-035213931</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://ebookcentral.proquest.com/lib/hwr/detail.action?docID=7174815</subfield><subfield code="l">DE-2070s</subfield><subfield code="p">ZDB-30-PQE</subfield><subfield code="q">HWR_PDA_PQE</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV049874473 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-24T10:21:32Z |
| institution | BVB |
| isbn | 9781802629477 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-035213931 |
| oclc_num | 1374426915 |
| open_access_boolean | |
| owner | DE-2070s |
| owner_facet | DE-2070s |
| physical | 1 Online-Ressource (385 Seiten) |
| psigel | ZDB-30-PQE ZDB-30-PQE HWR_PDA_PQE |
| publishDate | 2023 |
| publishDateSearch | 2023 |
| publishDateSort | 2023 |
| publisher | Emerald Publishing Limited |
| record_format | marc |
| series2 | International Finance Review Series |
| spelling | Kim, Suk-Joong Verfasser aut Fintech, Pandemic, and the Financial System Challenges and Opportunities 1st ed Bingley Emerald Publishing Limited 2023 ©2023 1 Online-Ressource (385 Seiten) txt rdacontent c rdamedia cr rdacarrier International Finance Review Series v.22 Description based on publisher supplied metadata and other sources Intro -- Half Title Page -- Series Page -- Title Page -- Copyright Page -- Contents -- List of Contributors -- Part I-An Overview -- Chapter 1: An Overview of Fintech, Pandemic and the Financial System: Challenges and Opportunities -- 1. Overview -- 2. Fintech and Pandemic -- 3. Cryptocurrency and the Financial System -- 4. Central Bank Digital Currency -- 5. Economy and the Financial System -- Part II-Fintech and Pandemic -- Chapter 2: Banks' Patenting as an Answer to Emerging Fintech and Bigtech Competition: A Cross-Country Empirical Study -- 1. Introduction -- 2. Literature Review and Hypotheses Formulation -- 3. Data and Methodology -- 3.1. Method -- 4. Results and Interpretation -- 5. Conclusions -- References -- Chapter 3: Digital Financial Inclusion: Its Role in Mitigating GDP Losses During the Pandemic -- 1. Introduction -- 2. Data, Variables, and Methodology -- 3. Empirical Results -- 4. Digital Finance, Pandemic Uncertainty Index, and GDP Losses -- 5. Robustness Check -- 6. Conclusion -- References -- Chapter 4: The Role of FinTech in the Paycheck Protection Program -- 1. Introduction -- 2. Background -- 3. Data -- 3.1. Firm-level Variables -- 3.2. Lender-level Variables -- 3.3. Measures of Distance -- 3.4. Methodology -- 4. Results -- 4.2. Financial Technology and Competition -- 5. Conclusion and Avenues for Further Research -- 5.2. Avenues for Further Research -- References -- Chapter 5: Gender Gap in Consumer Loan Performance: Evidence from Fintech Lending in an Emerging Economy -- 1. Introduction -- 2. Data -- 3. Methodology -- 4. Results -- 5. Conclusion -- References -- Part III-Cryptocurrency and the Financial System -- Chapter 6: Cryptocurrencies Meet Equities: Risk Factors and Asset-pricing Relationships -- 1. Introduction -- 2. Data -- 3. Comparison of Cryptocurrency and Equity Market Factors -- Size and Momentum Factors Implied Volatility Factors -- 4. Cryptocurrency Pricing by Equity and Crypto Factors -- 5. Cryptocurrency Pricing by Global and Regional Factors -- 6. Conclusion -- References -- Chapter 7: Got Crypto? Evidence from Markowitz, Kataoka, and Conditional Value-at-Risk Models -- 1. Introduction -- 2. Mathematical Models for Portfolio Optimization -- 2.2. Kataoka's Model -- 2.3. Portfolio Optimization With the CVaR -- 3. Some Diversification Constraints -- 3.1. Investing in Different Industries -- 3.2. Diversification Among Small-, Mid-, and Large-cap Stocks -- 3.3. Blend With Growth and Value Stocks -- 4. Data Description -- 5. Portfolio Without Cryptocurrency -- 5.1. Portfolios Without Any Diversification Constraints -- 5.2 Portfolio Rebalancing, Together With Diversification Constraints -- 5.3. Trading Based on Technical Analysis -- 6. Portfplio Including Cryptocurrency -- 6.1. Rebalancing and Diversification With Crypto -- 6.2 Trading Based on Technical analysis With Crypto -- 7. Conclusion -- 7.2. Concluding Remarks -- References -- Chapter 8: International Financial Regulation of Cryptoassets and Asset-Backed Tokens -- 1. Introduction -- 2. Background -- 3. Asset-Backed Tokens -- 3.2. Benefits of Tokenization -- 3.3. Challenges -- 3.4. Case Studies -- 4. Risks of Permissionless DLTs and Smart Contracts -- 4.1. Mining Pools and Mining Concentration -- 4.2. Risks of Smart Contracts -- 5. Regulatory Issues of ABT -- 5.1. General Principles -- 5.2. Capital Requirements -- 5.3. Consultation Outcomes -- 6. Conclusion -- References -- Part IV- Central Bank Digital Currency -- Chapter 9: Central Bank Digital Currencies: The Motivation -- 1. Introduction -- 2. Motivation for CBDCs -- 2.1. General Overview -- 2.2. Motivation in Detail -- 2.2.1. Monetary Policy -- 2.2.2. Financial Inclusion -- 2.2.3. Payment Services -- 2.2.4. Monetary and Economic Sovereignty 3. Case Studies -- 3.1. The Bahamas -- 3.2. Nigeria -- 3.3. Eurozone -- 3.4. People's Republic of China -- 3.5. Russian Federation -- 3.6. Sweden -- 3.7. United States of America -- 3.8. Uruguay -- Disclaimer -- References -- Chapter 10: A Review of the Proposed Bank of England's "Retail" Central Bank Digital Currency (CBDC) as a Cryptocurrency Competitor -- 1. Introduction -- 2. What Is the BoE Proposing? -- 3. What Role Will a Retail CBDC Play in the UK Payments Landscape and Wider Global Financial System? -- 4. What Is the Need for a CBDC? -- 5. Should the UK Implement a CBDC and What Are the Benefits, Challenges and Risks Involved? -- 6. What Are Cryptocurrency's Competencies, and the Benefits and Risks? -- 7. A CBDC or Cryptocurrency for Users? -- 8. The UK Case for a CBDC -- 9. Conclusion -- References -- Chapter 11: The Digital Euro From a Geopolitical Perspective: Will Europe Lag Behind?* -- Introduction -- Monetary Innovation Around Blockchain Technology -- Digital Money Solutions -- Cash Transactions -- Account-Based Digital Payments via Bank Accounts -- Novel Digital Money Solutions -- Stablecoins -- Stablecoins and KYC -- CBDC and KYC -- Trigger Solutions -- Central Banks' Responses to Digital Payments -- China -- United States -- Euro Area -- The Geopolitical Significance of Money -- The Euro as a Digital Regional Currency? -- Bibliography -- Part V- Economy and the Financial System -- Chapter 12: The Journey of an Exchange Traded Fund: Becoming a Unicorn or Zombie -- 1. Introduction and Literature Review -- 2. Hypotheses -- 3. Data, Sample Selection, and Variable Construction -- 4. Empirical Results and Discussions -- 4.1. First-Mover and Winner-Takes-All Effects -- 4.2. Event Studies on Delisted and Zombie ETFs -- 4.3. Crisis -- 5. Conclusion -- References Chapter 13: Does Finance Benefit Society? Financial Sector Size and Labor Market Performance -- 1. Introduction -- 2. Background and Related Literature -- 3. Empirical Design -- 3.1. Modelling Approach -- 3.2. Data and Sample -- 3.3. Descriptive Statistics -- 4. Empirical Analysis -- 4.1. Benchmark Finance Regressions -- 4.2. Main Results -- 4.3. Additional Analyses -- 5. Conclusion -- Declaration of Interest -- References -- Chapter 14: On the Effectiveness of Capital Controls: A Synthetic Control Method Approach -- 1. Introduction -- 2. Empirical Framework -- 2.1. Data -- 2.2. Selection of Interventions and Donor Pools -- 2.3. Empirical Model -- 3. Results -- 3.1. Controls on Outflows Removed in Russia -- 3.2. Controls on Outflows Imposed and Controls on Inflows Removed in Egypt -- 3.3. Controls on Inflows Released in Kenya -- 3.5. Discussion -- 3.4. Controls on Inflows Implemented in Nigeria -- 4. Sensitivity Analysis -- 4.1. Placebo Test -- 4.2. Difference-in-Difference -- 4.3. Identifying Assumptions -- 4.4. Synthetic Difference in Difference -- 5. Conclusion -- References -- Chapter 15: Determinants in the Development of Financial Centers: Evolution Around the World -- 1. Introduction -- 2. DISCUSSION ON MAJOR DETERMINANTS OF A GLOBAL FINANCIAL CENTER -- 2.1. Economic Power -- 2.2. Governance and Business Environment -- 2.3. The Growth of Financial Services -- 2.4. High-skilled Labor Force -- 2.5. Financing Infrastructure Development and Accessibility -- 2.6. Host Country's Reputation and Stability -- 3. Challenges to The Dominance: Economic Changes and Percussion on the Leading Financial Centers -- 3.1. Brexit - Reduced Access to European Financial Markets and Impacts on London Financial Center -- 3.2. Hong Kong Under China's Tightening Grip -- 3.3. Fintech As The New Driver of Financial Innovations -- 4. Conclusion -- References -- Index Volume 22, Fintech, Pandemic, and the Financial System, examines systemic challenges faced by a wide range of financial market participants and the continued disruptions introduced by financial innovations (Fintech) Banking law Erscheint auch als Druck-Ausgabe Kim, Suk-Joong Fintech, Pandemic, and the Financial System Bingley : Emerald Publishing Limited,c2023 9781802629484 |
| spellingShingle | Kim, Suk-Joong Fintech, Pandemic, and the Financial System Challenges and Opportunities Intro -- Half Title Page -- Series Page -- Title Page -- Copyright Page -- Contents -- List of Contributors -- Part I-An Overview -- Chapter 1: An Overview of Fintech, Pandemic and the Financial System: Challenges and Opportunities -- 1. Overview -- 2. Fintech and Pandemic -- 3. Cryptocurrency and the Financial System -- 4. Central Bank Digital Currency -- 5. Economy and the Financial System -- Part II-Fintech and Pandemic -- Chapter 2: Banks' Patenting as an Answer to Emerging Fintech and Bigtech Competition: A Cross-Country Empirical Study -- 1. Introduction -- 2. Literature Review and Hypotheses Formulation -- 3. Data and Methodology -- 3.1. Method -- 4. Results and Interpretation -- 5. Conclusions -- References -- Chapter 3: Digital Financial Inclusion: Its Role in Mitigating GDP Losses During the Pandemic -- 1. Introduction -- 2. Data, Variables, and Methodology -- 3. Empirical Results -- 4. Digital Finance, Pandemic Uncertainty Index, and GDP Losses -- 5. Robustness Check -- 6. Conclusion -- References -- Chapter 4: The Role of FinTech in the Paycheck Protection Program -- 1. Introduction -- 2. Background -- 3. Data -- 3.1. Firm-level Variables -- 3.2. Lender-level Variables -- 3.3. Measures of Distance -- 3.4. Methodology -- 4. Results -- 4.2. Financial Technology and Competition -- 5. Conclusion and Avenues for Further Research -- 5.2. Avenues for Further Research -- References -- Chapter 5: Gender Gap in Consumer Loan Performance: Evidence from Fintech Lending in an Emerging Economy -- 1. Introduction -- 2. Data -- 3. Methodology -- 4. Results -- 5. Conclusion -- References -- Part III-Cryptocurrency and the Financial System -- Chapter 6: Cryptocurrencies Meet Equities: Risk Factors and Asset-pricing Relationships -- 1. Introduction -- 2. Data -- 3. Comparison of Cryptocurrency and Equity Market Factors -- Size and Momentum Factors Implied Volatility Factors -- 4. Cryptocurrency Pricing by Equity and Crypto Factors -- 5. Cryptocurrency Pricing by Global and Regional Factors -- 6. Conclusion -- References -- Chapter 7: Got Crypto? Evidence from Markowitz, Kataoka, and Conditional Value-at-Risk Models -- 1. Introduction -- 2. Mathematical Models for Portfolio Optimization -- 2.2. Kataoka's Model -- 2.3. Portfolio Optimization With the CVaR -- 3. Some Diversification Constraints -- 3.1. Investing in Different Industries -- 3.2. Diversification Among Small-, Mid-, and Large-cap Stocks -- 3.3. Blend With Growth and Value Stocks -- 4. Data Description -- 5. Portfolio Without Cryptocurrency -- 5.1. Portfolios Without Any Diversification Constraints -- 5.2 Portfolio Rebalancing, Together With Diversification Constraints -- 5.3. Trading Based on Technical Analysis -- 6. Portfplio Including Cryptocurrency -- 6.1. Rebalancing and Diversification With Crypto -- 6.2 Trading Based on Technical analysis With Crypto -- 7. Conclusion -- 7.2. Concluding Remarks -- References -- Chapter 8: International Financial Regulation of Cryptoassets and Asset-Backed Tokens -- 1. Introduction -- 2. Background -- 3. Asset-Backed Tokens -- 3.2. Benefits of Tokenization -- 3.3. Challenges -- 3.4. Case Studies -- 4. Risks of Permissionless DLTs and Smart Contracts -- 4.1. Mining Pools and Mining Concentration -- 4.2. Risks of Smart Contracts -- 5. Regulatory Issues of ABT -- 5.1. General Principles -- 5.2. Capital Requirements -- 5.3. Consultation Outcomes -- 6. Conclusion -- References -- Part IV- Central Bank Digital Currency -- Chapter 9: Central Bank Digital Currencies: The Motivation -- 1. Introduction -- 2. Motivation for CBDCs -- 2.1. General Overview -- 2.2. Motivation in Detail -- 2.2.1. Monetary Policy -- 2.2.2. Financial Inclusion -- 2.2.3. Payment Services -- 2.2.4. Monetary and Economic Sovereignty 3. Case Studies -- 3.1. The Bahamas -- 3.2. Nigeria -- 3.3. Eurozone -- 3.4. People's Republic of China -- 3.5. Russian Federation -- 3.6. Sweden -- 3.7. United States of America -- 3.8. Uruguay -- Disclaimer -- References -- Chapter 10: A Review of the Proposed Bank of England's "Retail" Central Bank Digital Currency (CBDC) as a Cryptocurrency Competitor -- 1. Introduction -- 2. What Is the BoE Proposing? -- 3. What Role Will a Retail CBDC Play in the UK Payments Landscape and Wider Global Financial System? -- 4. What Is the Need for a CBDC? -- 5. Should the UK Implement a CBDC and What Are the Benefits, Challenges and Risks Involved? -- 6. What Are Cryptocurrency's Competencies, and the Benefits and Risks? -- 7. A CBDC or Cryptocurrency for Users? -- 8. The UK Case for a CBDC -- 9. Conclusion -- References -- Chapter 11: The Digital Euro From a Geopolitical Perspective: Will Europe Lag Behind?* -- Introduction -- Monetary Innovation Around Blockchain Technology -- Digital Money Solutions -- Cash Transactions -- Account-Based Digital Payments via Bank Accounts -- Novel Digital Money Solutions -- Stablecoins -- Stablecoins and KYC -- CBDC and KYC -- Trigger Solutions -- Central Banks' Responses to Digital Payments -- China -- United States -- Euro Area -- The Geopolitical Significance of Money -- The Euro as a Digital Regional Currency? -- Bibliography -- Part V- Economy and the Financial System -- Chapter 12: The Journey of an Exchange Traded Fund: Becoming a Unicorn or Zombie -- 1. Introduction and Literature Review -- 2. Hypotheses -- 3. Data, Sample Selection, and Variable Construction -- 4. Empirical Results and Discussions -- 4.1. First-Mover and Winner-Takes-All Effects -- 4.2. Event Studies on Delisted and Zombie ETFs -- 4.3. Crisis -- 5. Conclusion -- References Chapter 13: Does Finance Benefit Society? Financial Sector Size and Labor Market Performance -- 1. Introduction -- 2. Background and Related Literature -- 3. Empirical Design -- 3.1. Modelling Approach -- 3.2. Data and Sample -- 3.3. Descriptive Statistics -- 4. Empirical Analysis -- 4.1. Benchmark Finance Regressions -- 4.2. Main Results -- 4.3. Additional Analyses -- 5. Conclusion -- Declaration of Interest -- References -- Chapter 14: On the Effectiveness of Capital Controls: A Synthetic Control Method Approach -- 1. Introduction -- 2. Empirical Framework -- 2.1. Data -- 2.2. Selection of Interventions and Donor Pools -- 2.3. Empirical Model -- 3. Results -- 3.1. Controls on Outflows Removed in Russia -- 3.2. Controls on Outflows Imposed and Controls on Inflows Removed in Egypt -- 3.3. Controls on Inflows Released in Kenya -- 3.5. Discussion -- 3.4. Controls on Inflows Implemented in Nigeria -- 4. Sensitivity Analysis -- 4.1. Placebo Test -- 4.2. Difference-in-Difference -- 4.3. Identifying Assumptions -- 4.4. Synthetic Difference in Difference -- 5. Conclusion -- References -- Chapter 15: Determinants in the Development of Financial Centers: Evolution Around the World -- 1. Introduction -- 2. DISCUSSION ON MAJOR DETERMINANTS OF A GLOBAL FINANCIAL CENTER -- 2.1. Economic Power -- 2.2. Governance and Business Environment -- 2.3. The Growth of Financial Services -- 2.4. High-skilled Labor Force -- 2.5. Financing Infrastructure Development and Accessibility -- 2.6. Host Country's Reputation and Stability -- 3. Challenges to The Dominance: Economic Changes and Percussion on the Leading Financial Centers -- 3.1. Brexit - Reduced Access to European Financial Markets and Impacts on London Financial Center -- 3.2. Hong Kong Under China's Tightening Grip -- 3.3. Fintech As The New Driver of Financial Innovations -- 4. Conclusion -- References -- Index Banking law |
| title | Fintech, Pandemic, and the Financial System Challenges and Opportunities |
| title_auth | Fintech, Pandemic, and the Financial System Challenges and Opportunities |
| title_exact_search | Fintech, Pandemic, and the Financial System Challenges and Opportunities |
| title_full | Fintech, Pandemic, and the Financial System Challenges and Opportunities |
| title_fullStr | Fintech, Pandemic, and the Financial System Challenges and Opportunities |
| title_full_unstemmed | Fintech, Pandemic, and the Financial System Challenges and Opportunities |
| title_short | Fintech, Pandemic, and the Financial System |
| title_sort | fintech pandemic and the financial system challenges and opportunities |
| title_sub | Challenges and Opportunities |
| topic | Banking law |
| topic_facet | Banking law |
| work_keys_str_mv | AT kimsukjoong fintechpandemicandthefinancialsystemchallengesandopportunities |