Similar Search Results

TRUST OF MODERNITY, MODERNITY OF TRUST. CONSIDERATIONS AND RESEARCH HYPOTHESIS

CONTE, MASSIMO - EconWPA - 2005

NEED TO RECONSIDER OUR ACTIONS/DECISIONS WITH RISK AND TROUBLES, SO 'TRUSTING' IS GOING TO HAVE AN IMPORTANT ROLE AS … AND WE WONT TO AVOID THE RISK OF BEING DECEIVED. THESE SOCIAL INTERACTIONS ARE PRECONDITIONS THAT HAVE MANY CONSEQUENCES …

Persistent link: https://www.econbiz.de/10005126102

The Institutional Character of Electronic Money Schemes: Redeemability and the Unit of Account

Schmitz, Stefan W. - EconWPA - 2002

A number of commentators have argued that technological innovation is about to change the institutional structure of the retail payments system. Through the potential private issue of currency via new electronic payments systems – electronic money – individuals will create currencies based...

Persistent link: https://www.econbiz.de/10005076672

Carl Menger’s “Money” and the Current Neoclassical Models of Money

Schmitz, Stefan W. - EconWPA - 2002

The paper analyzes three neoclassical models of money with emphasis on the equilibrium concepts employed. It is argued that the neoclassical theories fail to analyze the emergence of the social institution of money. Instead, they focus on the consistency of individual decisions regarding the...

Persistent link: https://www.econbiz.de/10005126420

The Demand for Stored Value Payment Instruments

Ingo, Pippow; Detlef, Schoder - EconWPA - 2002

Due to their functionality, stored value purses based on smart card technology are prominent candidates for being the dominant medium of exchange for micropayments. However, the overall prospects of these payment systems are yet ambiguous, both from the perspective of practice and monetary...

Persistent link: https://www.econbiz.de/10005134968

Doing Without Money: A critical assessment of Woodford's analysis.

Rogers, Colin - EconWPA - 2004

Woodford employs an inter-temporal general equilibrium model to examine the properties of the monetary system as it evolves form the use of a physical medium of exchange to an electronic medium. He presents a structure in which cash as a means of payment can be made to vanish at the limit but...

Persistent link: https://www.econbiz.de/10005412546

Die Auswirkungen von Zahlungsverkehrs¬innovationen auf die Geldpolitik

Schmitz, Stefan W. - EconWPA - 2005

This paper analyses the effects of innovations in retail payment systems on the conduct and implementation of monetary policy. Recent innovations in retail payment systems (access products and electronic money products) are placed in the context of historical institutional change in the...

Persistent link: https://www.econbiz.de/10005412855

Electronic Money, Money, and Banking Intermediation (Monnaie électronique, monnaie et intermédiation bancaire)

Piffaretti, Nadia F. - EconWPA - 2000

Extensive theoretical analysis of electronic money and electronic money systems based on quantum theoretical approach. Fundamental critique to traditional approach to electronic money.

Persistent link: https://www.econbiz.de/10005561263

Multi-attribute Analysis of Confidence, Convenience and Price Functions of Customers of Financial Services Firms: a GLS Systems Model

Rao, Ananth - EconWPA - 2005

The purpose of the study is to examine significant attributes of customers for explaining the level of confidence … the satisfaction and confidence of customers across FSFs. Results indicate that: core, tangible and relational attributes …’ confidence and convenience functions had a reliability of 92 to 94 percent while the value function had a reliability of 74 …

Persistent link: https://www.econbiz.de/10005134909

The Changing Concept of Financial Risk

LOS, CORNELIS A. - EconWPA - 2004

financial risk based on asset classes only is ready for a epistemological change. Currently, the definition of financial risk … suffers from three major deficiencies: (1) financial risk is insufficiently measured by the conventional second - order … moments; (2) financial risk is assumed to be stable and all distribution moments are assumed to be time-invariant; and (3 …

Persistent link: https://www.econbiz.de/10005077030

Gains and losses: the same or different choices? A “non-ideal” economics approach.

Harin, Alexander - EconWPA - 2005

Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...

Persistent link: https://www.econbiz.de/10005124942