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on Payment Systems and Financial Technology |
| By: | Greene, Laura; Mamic, Ivanka. |
| Abstract: | The world of work is changing. A major factor contributing to this is the proliferation of information and communication technologies, with mobile technology playing a central role. More and more people are able to access the Internet through their mobile devices. This has empowered them to work from anywhere but it has also led to the decline of traditional forms of employment. In the broader development context, mobile technology has been used extensively to reach beneficiaries and target audiences. Overall, this presents organizations with a challenge but also an opportunity to adapt projects and interventions to new technologies. This paper outlines technological and institutional hurdles related to the future uptake and implementation of mobile technology platforms and the use of mobile technology as a means of outreach. |
| Keywords: | choice of technology, information technology, social network, choix de technologie, technologie de l'information, réseau social, elección de tecnología, tecnología de la información, red social |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:ilo:ilowps:994867513402676&r=pay |
| By: | Asongu, Simplice; Nwachukwu, Jacinta C. |
| Abstract: | The study assesses the role of mobile phones and mobile banking in decreasing inequality in 52 African countries. The empirical procedure involves first, examining the income-redistributive effect of mobile phone penetration and then investigating the contribution of mobile banking services in this relationship. The findings suggest an equalizing income-redistributive effect of ‘mobile phone penetration’ and ‘mobile banking’, with a higher income-equalizing effect from mobile banking compared to mobile phone penetration. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed. |
| Keywords: | Banking; Mobile Phones; Shadow Economy; Financial Development; Africa |
| JEL: | E00 G20 L96 O17 O33 |
| Date: | 2016–01 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:74650&r=pay |
| By: | Benjamin J. Keys; Jialan Wang |
| Abstract: | Using a dataset covering one quarter of the U.S. general-purpose credit card market, we document that 29% of accounts regularly make payments at or near the minimum payment. We exploit changes in issuers' minimum payment formulas to distinguish between liquidity constraints and anchoring as explanations for the prevalence of near-minimum payments. Nine to twenty percent of all accounts respond more to the formula changes than expected based on liquidity constraints alone, representing a lower bound on the role of anchoring. Disclosures implemented by the CARD Act, an example of one potential policy solution to anchoring, resulted in fewer than 1% of accounts adopting an alternative suggested payment. Based on back-of-envelope calculations, the disclosures led to $62 million in interest savings per year, but would have saved over $2 billion per year if all anchoring consumers had adopted the new suggested payment. Our results show that anchoring to a salient contractual term has a significant impact on household debt. |
| JEL: | D14 G02 G21 G28 |
| Date: | 2016–10 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:22742&r=pay |
| By: | FAKHRI, ISSAOUI |
| Abstract: | According to my own thought I can assume that Economists often use the concept of long-term, without knowing that the said concept is the moment in which the major crises trigger. When the optimistic replaces the economic pessimism, the short-terms are born and the economic agents reproduce their stupid behavior which consists on the purchase of future transactions by the fictional creation of the money. The time, at the time of crises, increases speed by trying to settle transactions that occurred in previous periods in differentiated time horizons Present / Future. |
| Keywords: | Time, Long run, money neutrality |
| JEL: | E4 E41 E5 |
| Date: | 2016–10–15 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:74589&r=pay |
| By: | Jacob Malone (University of Georgia, Department of Economics); Aviv Nevo (University of Pennsylvania, Department of Economics); Jonathan Williams (University of North Carolina - Chapel Hill, Department of Economics) |
| Abstract: | We exibly estimate demand for residential broadband accounting for congestion externalities that arise among consumers due to limited network capacity, as well as dynamics arising from nonlinear pricing. Our high frequency data permits insight into temporal patterns in usage across the day that are impacted by network congestion, and how usage responds to efforts to mitigate congestion. To estimate demand, we build a dynamic model of consumer choice and rely on variation in the timing of network upgrades and nonlinear pricing to identify the model. Using the model estimates, we calculate the welfare changes associated with different economic and technological solutions for reducing congestion, including peak-use pricing, throttling connectivity speeds, and local-cache technologies. |
| Keywords: | demand; broadband; congestion; peak-use pricing |
| JEL: | L11 L13 L96 |
| Date: | 2016–09 |
| URL: | http://d.repec.org/n?u=RePEc:net:wpaper:1620&r=pay |
| By: | Nasif Chowdhury (MMS - Département Management et Marketing et Stratégie - Télécom Ecole de Management - Institut Mines-Télécom) |
| Abstract: | For quite a long time, informal exchange has been an extremely successful instrument in showcasing tourism administrations. As of late, the data innovation advancement has given a considerably all the more capable edge for this instrument. This article reflects upon this new advancement of electronic informal exchange and surveys its impact on clients' obtaining choices of tourism administrations in Bangladesh. The discoveries have affirmed that electronic word of mouth definite affects clients' purchasing choices and that tourism operation supervisors know about the critical of such a method. Accordingly, the administration has truly considered adapting to electronic verbal exchange in a compelling and express way. |
| Keywords: | customers’ purchasing decision,electronic word-of-mouth, information technology, customers’ retention. tourism service |
| Date: | 2016–06–19 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-01348143&r=pay |
| By: | Pierre-Henri Faure (Larefi - Laboratoire d'analyse et de recherche en économie et finance internationales - Université Montesquieu - Bordeaux 4) |
| Abstract: | La multiplication sur Internet des nouveaux instruments de paiement virtuels recourant à la cryptographie interpelle aujourd’hui les économistes sur leur conception de la monnaie, en même temps qu’elle remet en question l’organisation pyramidale du système bancaire. Leur émission privée et leur circulation dans des réseaux pair-à-pair, au sein desquels n’existe plus aucun tiers de confiance désigné, contestent en effet l’ordre monétaire fondé sur le crédit et les banques centrales. Le présent papier s’intéresse au bitcoin, le plus emblématique de ces instruments virtuels, et traite la question de savoir s’il peut être réellement considéré comme une monnaie au sens où l’entendent les économistes. Il apparaît en première analyse qu’il ne remplit que très imparfaitement les trois fonctions qui lui sont habituellement dévolues et qu’il s’apparente surtout à un actif financier. Le bitcoin est ensuite étudié à partir de l’approche réaliste en privilégiant le point de vue de l’école économique autrichienne, compte tenu du soubassement intellectuel des idées défendues par ses promoteurs ; dans ce cadre, deux points sont plus particulièrement abordés : sa compatibilité avec le théorème de régression puis la comparaison des projets actuels avec la proposition hayékienne de dénationalisation des monnaies. Le cas du bitcoin est enfin examiné dans la perspective du paradigme hétérodoxe qui combine la conception institutionnaliste et la pensée post-keynésienne. En conclusion, s’il peut être vu comme une sorte de mise à l’épreuve des thèses autrichiennes, son caractère totalement exogène et son incapacité à satisfaire les différentes formes de confiance qui sont indispensables à la légitimation de la monnaie conduisent à lui refuser ce qualificatif dans la grille de lecture institutionnaliste. |
| Keywords: | bitcoin, cryptomonnaie, école autrichienne, institutionnalisme, post-keynésianisme |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-01337694&r=pay |