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Article
Publication date: 10 July 2017

Hans Blommestein

The purpose of this study is to assess the seriousness of the impact of new regulatory factors on liquidity in government bond markets since the onset of the global financial…

1025

Abstract

Purpose

The purpose of this study is to assess the seriousness of the impact of new regulatory factors on liquidity in government bond markets since the onset of the global financial crisis.

Design/methodology/approach

Questionnaires were circulated for examining the adverse impact of regulatory changes on liquidity. New evidence was presented about the adverse impact of the process of regulatory changes on market liquidity.

Findings

The paper presents new survey results on the adverse liquidity impact of regulations on market liquidity. Responses show that government issuers differ in their assessment on the severity of the impact of the various regulations. Determining this longer-term impact is quite complex because measures of liquidity may not only reflect the impact of regulatory changes, but also the responses by policymakers and market participants (to these regulatory changes), covering in particular the following: market transparency, trading practices, market infrastructure and other policies to promote liquidity, including by reducing unconventional monetary policy measures. Also, market dynamics may have become more complex due to responses by market participants.

Practical implications

Debt managers need to take into account regulations with a significant adverse influence on both market liquidity and the price discovery process. As liquidity in government bond markets also has a direct impact on funding possibilities and financing costs, funding liquidity may also be affected, especially during periods with market stress. This means that the funding strategy may need to be adapted.

Originality/value

The paper presents new survey results on the impact of new regulations on market liquidity. This assessment is quite complex because measures of longer-term liquidity may reflect the impact of regulatory changes and the responses by policymakers and market participants to these changes.

Details

Journal of Financial Regulation and Compliance, vol. 25 no. 3
Type: Research Article
ISSN: 1358-1988

Keywords

Article
Publication date: 31 January 2020

Corey Garriott, Sophie Lefebvre, Guillaume Nolin, Francisco Rivadeneyra and Adrian Walton

This paper aims to present four blue-sky ideas for lowering the cost of the Government of Canada’s debt without increasing the debt’s risk profile.

Abstract

Purpose

This paper aims to present four blue-sky ideas for lowering the cost of the Government of Canada’s debt without increasing the debt’s risk profile.

Design/methodology/approach

The authors argue that each idea would improve the secondary-market liquidity of government debt, thereby increasing the demand for government bonds, and thus, lowering their cost at issuance.

Findings

The first two ideas would improve liquidity by enhancing the active management of the government’s debt through market operations used to support the liquidity of outstanding bonds. The second two ideas would simplify the set of securities issued by the government, concentrating issuance in a smaller set of bonds that would each be more highly traded.

Originality/value

The authors discuss the ideas and give an account of the political, legal and operational impediments.

Details

Journal of Financial Economic Policy, vol. 12 no. 4
Type: Research Article
ISSN: 1757-6385

Keywords

Content available
Book part
Publication date: 21 January 2022

Abstract

Details

Industry 4.0 and Global Businesses
Type: Book
ISBN: 978-1-80117-326-1

Book part
Publication date: 21 January 2022

Sultan Nezihe Turhan

Internet of things (IoT) and Big Data, which are among the pioneers of Industry 4.0 technologies, have gained great importance in recent years. Within the scope of Industry 4.0…

Abstract

Internet of things (IoT) and Big Data, which are among the pioneers of Industry 4.0 technologies, have gained great importance in recent years. Within the scope of Industry 4.0, organizations are trying to undertake digital transformation by adapting these two important technologies to their business processes. Undoubtedly, while this transformation provides great advantages for organizations in terms of management, organization, and marketing, it also carries disadvantages such as difficulties and complexity regarding the privacy of the collected data and systems. However, IoT and Big Data Analytics play a role as restructuring factors for products, services, and especially business processes. This study discusses the impact of IoT and Big Data Analytics on the digital transformation of organizations from the perspective of corporate culture, marketing, and management. Simultaneously, the effects of the COVID-19 epidemic that the world has experienced recently, on the business of institutions, are also discussed. By adopting IoT and Big Data Analytics, the attitudes, benefits, and challenges of the institutions that are or are not willing to realize digital transformation during the epidemic process are examined, and a projection is tried to be made to the post-COVID-19 period. While the study specifically highlights the positive effects of IoT and Big Data Analytics on the business, it sheds light on available opportunities and provides useful implications for managers and marketers.

Details

Industry 4.0 and Global Businesses
Type: Book
ISBN: 978-1-80117-326-1

Keywords

Article
Publication date: 4 March 2014

Paul Buijs and J.C. (“Hans”) Wortmann

This paper addresses horizontal supply chain collaboration among autonomous freight carriers in the less-than-truckload industry. The main purpose of the paper is to identify and…

2696

Abstract

Purpose

This paper addresses horizontal supply chain collaboration among autonomous freight carriers in the less-than-truckload industry. The main purpose of the paper is to identify and explain the challenges with joint operational decision-making in this context and investigate the precise role of information technology (IT) therein.

Design/methodology/approach

Empirical evidence is gathered by means of exploratory and explanatory case research, with multiple cases at the planning departments of European freight carriers operating in collaborative transportation networks.

Findings

Collaborating carriers face fundamental challenges in joint operational planning and control of collaborative transportation, despite the broad availability of state-of-the-art IT. These operational supply chain challenges can be explained by technological differences of the available IT applications, which hinder integration.

Research limitations/implications

Any expectations with regard to state-of-the-art XML or EDI-based IT integration for improved joint operational decision-making in collaborative transportation networks should be considered with care. In particular, the authors' research findings may encourage practitioners to consider new planning and control procedures and develop dedicated IT applications for collaborating freight carriers.

Originality/value

The paper highlights the importance of horizontal supply chain collaboration for small and medium-sized freight carriers in the less-than-truckload industry and conceptualises how collaborative transportation networks are organised. Furthermore, an IT typology is introduced to explain the challenges with joint operational decision-making.

Details

Supply Chain Management: An International Journal, vol. 19 no. 2
Type: Research Article
ISSN: 1359-8546

Keywords

Article
Publication date: 16 May 2016

Sanjay Sharma and Mohd. Asif Gandhi

The purpose of this paper is to explore the peer-reviewed literature, as well as literature written by practitioners having authority on green supply chains and allied areas with…

3047

Abstract

Purpose

The purpose of this paper is to explore the peer-reviewed literature, as well as literature written by practitioners having authority on green supply chains and allied areas with a view to identify future research directions with the help of an extensive literature review.

Design/methodology/approach

In line with this objective, the constructs “Green Supply Chain Practices” and “Green Supply Chain Performance” were the two terms that were identified for a co-relational study.

Findings

As indicated by the literature review, there is a need to do a more detailed study that can pinpoint particular components of green supply chain practices that have a strong association with particular components of green supply chain performance. This paper attempts to achieve the aim by using a different connotation of these two constructs.

Originality/value

Such a study with the connotation and components of green supply chain (GSC) practices and GSC performance as identified and used in this paper might not have been conducted before in the way it is proposed to be used in this paper, thus making this an appropriate contribution. Accordingly, a framework for the research has been depicted, and research questions have been framed.

Details

Competitiveness Review, vol. 26 no. 3
Type: Research Article
ISSN: 1059-5422

Keywords

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