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Building deposit insurance systems in developing countries
July 12, 2017 Editor 0
Deposit insurance systems (DIS) play a key role in building confidence among depositors and helping keep their money safe. However, deposit insurance should never be considered a “magic bullet,” a “quick fix” or a stand-alone solution to maintain financial stability. The 2008 global financial crisis created a crisis of confidence in banking systems around the […]
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Leveraging ‘suptech’ for financial inclusion in Rwanda
June 21, 2017 Editor 0
With financial inclusion now established as an objective for most financial sector policymakers worldwide, the day-to-day responsibility for ensuring its achievement in a responsible, consumer-friendly, and evidence-based manner often falls to financial sector supervisors. Two challenges are particularly relevant: first, with an increased policy focus on financial inclusion, supervisors are often tasked with adapting reporting […]
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Learning patterns in venture capital investing in new industries
December 14, 2012 Editor 0
Using an organizational learning perspective, we link the decision by venture capital (VC) firms to invest early in a new high-technology industry to three experiential learning mechanisms: the familiarity associated with accumulation of early funding decisions, the shaping or imprinting effect of the firm’s very first such decision, and the decay or “forgetting” associated with […]
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Is Cash becoming Obsolete?
December 13, 2012 Editor 0
Finding ways to make it easier and more convenient to spend money is the aim of many innovations in the area of electronic payments. A number of innovative electronic payment alternatives are all vying to become the new standard in electronic payments and displace the long time standard, the card with a magnetic strip. Any […]
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Co-creation and co-profiting in financial services
November 23, 2012 Editor 0
Co-creation can be useful to develop financial services relevant to customer needs. However, role of customers in financial innovation seems to be controversial.
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Innovation and the global financial crisis – systemic consequences of incompetence
November 23, 2012 Editor 0
The article applies the concept of incompetence by Polanyi (1962) and the concept of unintended consequences by Merton (1936) to explore the development of a radical financial innovation, securitisation. This innovation changed the context for all actors in the financial industry to such a degree that even the highest regarded experts repeatedly made prediction errors.
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