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1 – 10 of 38Fee Hilbert, Julia Barth, Julia Gremm, Daniel Gros, Jessica Haiter, Maria Henkel, Wilhelm Reinhardt and Wolfgang G. Stock
The purpose of this paper is to show how the coverage of publications is represented in information services. Academic citation databases (Web of Science, Scopus, Google Scholar…
Abstract
Purpose
The purpose of this paper is to show how the coverage of publications is represented in information services. Academic citation databases (Web of Science, Scopus, Google Scholar) and scientific social media (Mendeley, CiteULike, BibSonomy) were analyzed by applying a new method: the use of personal publication lists of scientists.
Design/methodology/approach
Personal publication lists of scientists of the field of information science were analyzed. All data were taken in collaboration with the scientists in order to guarantee complete publication lists.
Findings
The demonstrated calibration parameter shows the coverage of information services in the field of information science. None of the investigated databases reached a coverage of 100 percent. However Google Scholar covers a greater amount of publications than other academic citation databases and scientific social media.
Research limitations/implications
Results were limited to the publications of scientists working at an information science department from 2003 to 2012 at German-speaking universities.
Practical implications
Scientists of the field of information science are encouraged to review their publication strategy in case of quality and quantity.
Originality/value
The paper confirms the usefulness of personal publication lists as a calibration parameter for measuring coverage of information services.
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This paper sets out to explore three areas in which the experience of the great depression might be relevant today: monetary policy, fiscal policy, and the systemic stability of…
Abstract
Purpose
This paper sets out to explore three areas in which the experience of the great depression might be relevant today: monetary policy, fiscal policy, and the systemic stability of banks.
Design/methodology/approach
A critical review of the US data for the 1920s and 1930s is presented and stylised facts for monetary, fiscal and banking policies during the noughties are shown and compared with those of the great depression.
Findings
The authors confirm the consensus on monetary policy: deflation and massive bank failures must be avoided. With regard to fiscal policy it is impossible to confirm a widespread opinion according to which fiscal policy did not work because it was not tried. The paper finds that fiscal policy went to the limit of what was possible under the conditions as they existed then. Policy reaction after 1932 was no less bold than that of today if one accounts for sustainability issues. Lastly, the investigation of the US banking system shows a surprising resilience of commercial banks that remained profitable, at least on average, even during the worst years.
Originality/value
First, the paper presents a systematic comparison between the great depression and the great recession, highlighting similarities and differences. Second, it suggests a relevant policy implication. Findings on commercial bank sector resilience suggest that at present national authorities have little choice but to make up for the losses on “legacy” assets and wait for banks to earn back their capital. However, to prevent future crises, at least a partial separation of commercial and investment banking seems justified.
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The transition countries have been pursuing a market economy since the early 1990s. Crucial reforms in the banking and financial sectors are necessary to provide a financial…
Abstract
The transition countries have been pursuing a market economy since the early 1990s. Crucial reforms in the banking and financial sectors are necessary to provide a financial structure that supports a market economy, particularly the private and enterprise sector, leading to economic growth. This paper examines the banking and financial development in the transition countries. Arguments for banking reforms are made and the conditions for an efficient banking system are examined. A comparison in the progress of banking reforms and economic growth provides useful lessons not only for the transition countries but for developing and other emerging countries. Lastly, policy choices are suggested for the transition countries.
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Ümit Şengel, Merve Işkın, Mustafa Çevrimkaya and Gökhan Genç
Since the first moment of the pandemic, national and international travel restrictions are in place to reduce human mobility. This actual situation makes the tourism industry one…
Abstract
Purpose
Since the first moment of the pandemic, national and international travel restrictions are in place to reduce human mobility. This actual situation makes the tourism industry one of the areas most affected by the pandemic. Many microeconomic factors (households and firms) were adversely affected by the pandemic, and this situation brought about macroeconomic contraction. Naturally, governments seek to sustain production and employment by offering financial packages to reduce the negative economic effects of the pandemic. Given such information, the study aims to examine the financial policies implemented by countries to support the tourism industry during the pandemic period.
Design/methodology/approach
Content analysis, which is a technique of qualitative research method, was applied in the analysis process of the data. Assessments were made based on data published by the United Nations World Tourism Organization (UNWTO) on the financial and monetary policies implemented by countries to support the tourism industry. The data were analyzed using the MAXQDA qualitative analysis program.
Findings
According to the results of the study, countries support the tourism industry financially in terms of credit and liquidity. Also, tourism investments are encouraged by tax breaks and low interest rates.
Originality/value
It is aimed to determine what issues the financial and monetary policies published by the UNWTO focus on to solve the problems in the tourism sector. In this way, it is thought that the study will reveal the problems experienced by tourism enterprises during the pandemic period with a holistic perspective.
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The purpose of this paper is to assess the impact of the impact of the single currency on the institutional design of the banking union, through evidence on the financial…
Abstract
Purpose
The purpose of this paper is to assess the impact of the impact of the single currency on the institutional design of the banking union, through evidence on the financial integration process.
Design/methodology/approach
Data analysis uses multiple sources of data on key drivers of financial fragmentation. The paper starts from a snapshot the status of financial integration and then identifies the main components of this trend.
Findings
Evidence shows that financial integration in the euro area between 2010 and 2014 retrenched at a quicker pace than outside the monetary union. Home bias persisted. Under market pressures, governments compete on funding costs by supporting “their” banks with massive state aids, which distorts the playing field and feed the risk-aversion loop. This situation intensifies frictions in credit markets, thus hampering the transmission of monetary policies and, potentially, economic growth. Taking stock of developments in the euro area, this paper discusses the theoretical framework of a banking union in a single currency area with decentralised fiscal policy sovereignty. It concludes that, when a crisis looms over, a common fiscal backstop can reduce pressures of financial fragmentation, driven by governments’ moral hazard and banks’ home bias.
Research limitations/implications
Additional research is required to deepen the empirical analysis, with econometric modelling, on the links between governments’ implicit guarantees and banks’ home bias. This is an initial data analysis.
Originality/value
Under market pressure, governments in a single currency area tend to be overprotective (more than countries with full monetary sovereignty) towards their own banking system and so trigger financial fragmentation (enhancing banks’ home bias). To revert that, a common fiscal backstop is an essential element of the institutional design. The paper shows empirical evidence and theory, as well as it identifies underlying market failures. It links the single currency to the institutional design of a banking union. This important dimension is brought into a coherent framework.
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The assignment of targets to instruments in developing countries cannot satisfactorily follow any simple universal rule. Which approach is appropriate is influenced by whether the…
Abstract
The assignment of targets to instruments in developing countries cannot satisfactorily follow any simple universal rule. Which approach is appropriate is influenced by whether the economy is dominated by primary exports, by the importance of the domestic bond market and bank credit, by the extent of existing restriction in foreign exchange and financial markets, by the presence or absence of persistent high inflation, and by the existence or non‐existence of an active international market in the country's currency. Eighteen observations and maxims on stabilisation policy are tentatively drawn (pp. 64–8) from the material reviewed, and the maxims are partly summarised (pp. 69–71) in a schematic assignment, with variations, of targets to instruments.
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Albert Sangrà, Mercedes González-Sanmamed and Montse Guitert
This chapter aims to show how the inquiry-based learning (IBL) approach can be successfully used in online education. To this purpose, we will present the experience of the…
Abstract
This chapter aims to show how the inquiry-based learning (IBL) approach can be successfully used in online education. To this purpose, we will present the experience of the Digital Competence Program at the Universitat Oberta de Catalunya, which is designed considering the principles of collaborative work, implemented with a wide range of educational resources taking advantage of ICT benefits, is delivered online, and is finally evaluated from opinions voiced by students. In addition, it is a good example of a multidisciplinary approach since it covers several disciplines and helps to acquire a number of skills that professionals require in their personal and social environments and at the workplace.
Aarhus Kommunes Biblioteker (Teknisk Bibliotek), Ingerslevs Plads 7, Aarhus, Denmark. Representative: V. NEDERGAARD PEDERSEN (Librarian).
Ilya A. Surov, Vlada V. Ignateva and Andrey Y. Bazhenov
The study aims to reveal regularities of collective decision in groups of varying cooperativity and to investigate the influence of individualism–collectivism cultural dimension…
Abstract
Purpose
The study aims to reveal regularities of collective decision in groups of varying cooperativity and to investigate the influence of individualism–collectivism cultural dimension on the emergence of collective behavioral entities.
Design/methodology/approach
An agent-based model of group behavior is used to simulate the logic of collective binary decisions defined by reaching a consensus threshold. The key parameter of the model is the cooperativity of interaction between individuals which locates the group in individualism–collectivism cultural dimension. The probabilities of collective decisions are measured as a function of individual preferences and the strength of cooperation between agents.
Findings
Strong, weak and middle point cooperativities of inter-individual interaction define three distinct regimes of collective decision logic, namely, individualism, conformism and criticality. The critical organization allows the group to generate coherent non-predetermined collective behavior in statistical agreement with individual preferences.
Research limitations/implications
Emergent collective behavior with coherent and nondeterministic decision-making can be modeled in an agent-based approach with local interaction between individuals tuned to a critical point. Variation of a single cooperativity parameter accounts for a continuous transition between organizations of the group inherent to inert matter and living systems.
Social implications
A new organization of social systems distinguished by internally relaxed relations and large-scale freedom is found beyond the traditional individualism–collectivism contraposition. This state is reached by tuning behavioral logic of individuals to a critical balance of individual and collective values.
Originality/value
Individualist, conformist and critical regimes of collective organization distinct in terms of integrity, complexity and determinism are recognized as universal organizational classes of nature spanning both inert and living systems. In particular, individualist and conformist regimes produce simple deterministic behavior typical for gases and solid bodies, whereas the critical organization generates complex nondeterministic behavior inherent to living organisms.
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