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Bankacılıkta Yeni Yaklaşım: Açık Bankacılık

Author(s): İsmail Tuna / Language(s): Turkish Publication Year: 0

One of the important digital innovations in finance is the open banking system, which has developed due to the sharing of customer information with third parties (for example, FinTech Companies and TPP-Takasbank Money Market). Open banking creates a new banking system by deriving developments in financial products and activities, with rapidly changing technology developing applications in the field of banking. When the studies on Open Banking are examined, it is seen that the activities carried out in Turkey are up to a certain point. When viewed from the perspective of the world, the studies mostly constitute an abstract framework. However, it is seen that the regulations regarding open banking in Turkey and in the world are increasing day by day. In this sense, the Banking Sector, which aims to achieve many goals such as easing people's transactions, offering various activities and expanding the customer area, from the establishment of Banking to the present day, has had to keep up with the era with the developing technology. While there are customer relations in the traditional Banking model, open Banking appears as a technological innovation that tries to differentiate this system. Open Banking has been the most extensive innovation in the digitalization phase of the banking industry to date. Both in responding to the needs and requirements of customers in a fast and innovative manner, the open banking model among banks has shown a great development phase from past to present. Especially open banking has a great importance among financial technologies in this sense. The need for technological innovation has increased even more, both with the proliferation of artificial intelligence in this field and with the increase of banking activities mostly in digital environments. For this reason, open banking has a leading position in the field of banking. In order for Turkey to advance in global competition and to maintain its presence in the banking sector in the digitalized world, it needs to take the changes and steps required by digitalization in the coming years.

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E7 Ülkelerinde Döviz Kuru ile Borsa Getirileri Arasındaki İlişki

Author(s): İbrahim Yenigün,Şükriye Gül Reis / Language(s): Turkish Publication Year: 0

In this study, it was examined whether there is a relationship between exchange rates and market indices in E7 countries. As it is known, countries are classified according to their level of development and economic status: least developed countries, less developed countries, developing countries and developed countries. The countries used in this research, which are included in the literature as E7 (Emerging 7) are among the developing countries when their development levels and economies are examined, and they are the countries with the best economy among the developing countries. These countries are: India, Indonesia, China, Turkey, Brazil, Russia and Mexico. In the study using weekly data for the period 01.01.2010-28.02.2021; As the exchange rate, the US Dollar rate of the countries and the market indices with the highest trading volume of the countries were used. In order to reveal the relationship between exchange rates and market indices in these countries, VAR (Vector Autoregressive Model) analysis, Granger causality analysis and impulse response analysis were applied. The results obtained from the analyzes show that there is a relationship between the exchange rate and the stock market in countries other than Brazil and India, generally the cause from the exchange rate to the stock market in Mexico, while in other countries (China, Russia, Turkey and Indonesia) there is a relationship between the exchange rate and the stock market. It turns out that there is correct causality.

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Euro ile Borsa İstanbul’da Hesaplanan Endekslerin Getirileri Arasındaki Volatilite Etkileşimi

Author(s): Ethem Kiliç,Mahmut Uçaktürk / Language(s): Turkish Publication Year: 0

The main purpose of the study is to investigate the volatility transfer between the returns of the Euro and the selected indices calculated in Borsa Istanbul. In the study, besides the Euro variable, BIST 100, BIST 30, BIST Bank, BIST Service, BIST Industrial and BIST Tourism indices were used. In the research, daily data for the period of 1 January 2020 - 31 December 2022 were discussed. According to the results of the DCC-GARCH model, it has been determined that the volatility of Euro, BIST 100, BIST 30, BIST Bank, BIST Service, BIST Industrial and BIST Tourism variables is permanent. It has been found that there is a bidirectional volatility transfer between Euro and BIST 100, BIST 30, BIST Industrial indices. In addition, there is a one-way volatility transfer from Euro to BIST Bank, BIST service and BIST Tourism, and it has been determined that there is a positive dynamic conditional correlation between Euro and BIST 100, BIST 30, BIST Bank, BIST Service, BIST Industry.

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İktisadi Yaşamda İslami Finans ve Katılım Bankası Algısına Yönelik Bir Araştırma

Author(s): Mehmet Kaygusuzoğlu,Yakup Durmaz,Muhammet Ali Emer / Language(s): Turkish Publication Year: 0

İslâm dininin, temel dini konularda emir ve yasakları bulunduğu gibi sosyal ve iktisadi yaşamı düzenleyen kuralları da bulunmaktadır. Sosyal ve iktisadi yaşamı düzenleyen kurallardan biri de finansal davranışlardır. Finansal davranışlar ana hatları itibarıyla, finansal ihtiyaçların giderilmesi ve tasarrufların değerlendirilmesi şeklinde iki türde ortaya çıkmaktadır.

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Sınırlı Rasyonalite Kavramının Anlaşılmasına Yönelik Bir Literatür Taraması

Author(s): Hilal Mola / Language(s): English Publication Year: 0

İktisat bilimi insan faktörlü sosyal bir bilim olmasına rağmen tarih boyunca birçok başka bilimler ile ilişki içerisinde olmuş ve diğer bilimlerin yöntemlerini kendi alanında kullanmıştır. Özellikle Walras’ın “Saf İktisadın Öğeleri” adlı çalışmasını yayınlaması ile birlikte iktisat bilimi fizik ve matematiğe daha çok yakınlaşmıştır. Birçok bilimin matematik temellerine oturtularak sağlamlaştırılması söz konusu olsa da iktisadın matematiğe olan yakınlığı sosyolojiden uzaklaşmasına ve psikolojinin göz ardı edilmesine neden olmuştur. Bu süreçte de iktisadi insan yanlış karar almayan rasyonel bir birey olarak varsayılmıştır. Fakat R. Solow, J. Hicks, W. Leontief, P. Samuelson gibi birçok ekonomist iktisat bilimini matematiğe olan bağlılığı nedeniyle eleştirmişler ve bireylerin aynı kalıplarda olmadıklarını dile getirmişlerdir (Acar, 2008). Belirtilen bu durum zamanla rasyonalite ve kişisel çıkarları peşinde koşan rasyonel birey olarak tanımlanan homo economicus kavramına eleştiriler getirmiş ve ekonomistleri yeni arayışlara yönlendirmiştir.

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Avrupa’da İslami Finansın Gelişimi ve Birleşik Krallık Örneği

Author(s): Tuğçe Metin,Harun Şahin / Language(s): Turkish Publication Year: 0

İslami finansın temeli Fıkıh ya da İslam Hukuku’na dayandırılmıştır. İslam Hukuku, Müslüman toplumların bütün yönleriyle İslam Dini’nin prensiplerine uygun yaşamalarını sağlamayı hedeflediğini söyleyebiliriz (Öcel ve Kaban, 2019: 378). İslami finans ise İslam Hukuku’na uyumlu olarak yürütülen finansal işlemler olarak tanımlanabilir (Kuşat, 2014: 2).

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Sürdürülebilirlik Desteği Kapsamında Sağladıkları Kredi Olanakları Açısından Katılım Bankacılığının Gelişimi

Author(s): Rahmi Yücel,Zeynep Mühürcüoğlu / Language(s): Turkish Publication Year: 0

Sürdürülebilirlik kalkınma amaçlarına (SKA) ulaşmada en önemli rolü üstlenen sektör bankalardır. Dünya nüfusu hızla artarken ve yoksulluk, işsizlik, gelir adaletsizliği ve diğer taraftan çevre kirliliği iklim değişikliğinin neden olduğu küresel ısınma gibi sorunlar, bütün kurum ve kuruluşların gündeminde olup, bu amaçlara katkı sağlanması beklenmektedir. Katılım Bankaları bu kapsamda mevduat bankalarının ulaşamadığı kişi ve kurumlara hitap ederek ve faiz hassasiyeti olan kişi ve kurumların istek ve ihtiyaçlarına karşılık ürün ve hizmetler geliştirmektedir.

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Türkiye Finans Sektöründe Katılım Bankacılığının Gelişimi

Author(s): Meltem Gül,Özcan Demir / Language(s): Turkish Publication Year: 0

Bankacılık sektörü ülkelerin ekonomik kalkınmaları için büyük önem arz etmektedir. Bankalar mevduat ve katılım bankaları olmak üzere ikiye ayrılmaktadır. Katılım bankaları islami temellere dayanan finansal kuruluşlardır. Katılım bankalarının en önemli özelliği katılım hesaplarına faiz yerine kâr payı ödemesinin yapılmasıdır. Banka kazanılan kârı ve geliri mevduat sahipleri ile paylaşmaktadır. İslami finans sistemi, toplum içinde sömürünün ana faktörleri olarak kabul edilen faiz, kumar, spekülasyon ve karmaşık türevleri ortadan kaldırmaktadır(Khan,2010).

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Türkiye’de Katılım Bankalarının Finansman Yöntemleri

Author(s): Gönül Çifçi / Language(s): Turkish Publication Year: 0

Bankalar sundukları hizmetler, hizmetlerin çeşitliliğindeki artışlar, ekonomik hayattaki değişimler gibi nedenlerle günlük hayatın vazgeçilmez bir parçası haline gelmiştir. Bugün para transferleri, kredi ve banka kartları, krediler, sigortacılık hizmetleri, finansal araç alım-satımı, yatırım danışmanlığı, saklama hizmetleri gibi birçok ürün ve hizmet seçeneği sunan önemli finansal kuruluşlardır. Toplumlarda herhangi bir sebeple sadece bir defa dahi olsa bankacılık hizmetlerinden faydalanmamış kimse yoktur. Bu nedenle bankalar, para piyasaları başta olmak üzere tüm finansal piyasaların önemli bir aktörüdür.

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Alternatif Finansman Kaynağı: Tüm Yönleriyle Kitlesel Fonlama

Author(s): Nagihan Aktaş,Gökhan Özer / Language(s): Turkish Publication Year: 0

Crowdfunding, which has gained a lot of attention in recent years, is seen as a popular way to finance modern, creative, and innovative projects. Crowdfunding is a practice that allows raising funds from a large number of people through an online platform to fund an idea or venture. In crowdfunding, there are three parties backers, project owners, and the crowdfunding platform. In terms of the contribution of the project owners to the fund supporters, crowdfunding is divided into two non-financial and financial. Charitable and reward-based crowdfunding has no financial returns, while debt- and equity-based crowdfunding is financially returns. This study, it is aimed to present a general perspective on the concept of crowdfunding. This way, readers will better understand the types of crowdfunding, their advantages and disadvantages, and how these affect crowdfunding projects. As a result of the study, it has been seen that crowdfunding can be a powerful tool to finance ideas or projects. It is thought that project owners should carefully plan and implement crowdfunding activities to achieve their projects' financing targets and increase their chances of realizing their ideas.

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ПРОБЛЕМЪТ „ОТРИЦАТЕЛНИ ЦЕНИ“

Author(s): Krasimira Naydenova / Language(s): Bulgarian Publication Year: 0

Negative prices are a problem in commodity markets. They disrupt sales expectations, hence cash flow forecasting and asset and company valuations, also have a negative impact on the pricing mecha-nism of capital. Questions are also raised about risk assessment. Combined with negative interest rates and the effects on fund owners, corporate financing is problematic.

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Арт застраховане – иновационни решения и тенденции за развитие на застрахователния пазар

Author(s): Irena Markova / Language(s): Bulgarian Publication Year: 0

The research focuses on bringing out the specific features of the insurance of works of art. In the context of the two elements of the insurance market - demand and supply – the complicating factors in the placement and consumption of art insurance are justified. The author‘s scientific interest is oriented towards substantiating the need for innovations in the insurance business and formulating basic guidelines for the development of art insurance.

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Gold Investments – Regression Analysis of the Gold Price Over a Certain Period

Author(s): Mariya Yaneva / Language(s): English Publication Year: 0

The global development of the monetary and financial system has evolved over different historical periods. Increasingly, the subject of discussions among economic subjects are the ways to increase their financial well-being through investments in the financial markets. One of the most preferred ways to preserve and increase the financial wealth of individuals is investments in precious metals, in this case – gold, which are realized in specialized financial markets for raw materials. In this regard, the subject of discussions and analyzes in the present development is gold, as an element of the financial markets and a way of investing, and the subject is emphasized on regression analyzes related to its price values and author’s forecasts for future periods.

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New Technological Trend: Turbulent Cryptocurrencies and Sport

Author(s): Jakub Štědroň,Bohumír Štědroň / Language(s): English Publication Year: 0

The article deals with new segment in the financial market: cryptocurrencies and their application. In the introductory part the current turbulent situation is analysed. Examples and system considerations in the segment of sport are presented in the second part. Final concluding analyses are predicting three scenarios of future development.

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Factors Determining Inflation in the American Economy: A Quantitative Analysis

Author(s): Tsvetomir Tsvetkov,Irina Atanasova / Language(s): English Publication Year: 0

This paper aims to examine the factors that determine inflation in the United States. To accomplish the research objective, a quantitative analysis employing the linear least squares method is conducted. The authors present empirical arguments that the factors that determine inflation in the US are structural-cost ones.

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The “Black Swan” is “Green”: The Role of the Financial Sector in the Green Transition

Author(s): Daniela Bobeva / Language(s): English Publication Year: 0

The European Union has started an ambitious and unique transition to a green economy. The financial sector is assigned a key role in the transformation process. While the legal framework of the transition is already developed, many challenges remain to be resolved to achieve a smooth functioning of the financial system within the changing environment. The article explores theoretical views on the green transition and the role of the financial sector. The impact and the risks of the ongoing reforms in the financial sector are identified. The applied methodology is based on a combination of qualitative and quantitative analysis using ESG data, as well as data from a special survey aiming at capturing the views of companies with significant carbon emissions on their relationship with the banks in the changing regulatory and financial framework.

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Impact of Financial Training on Financial Management in Small Businesses in Morocco and Their Contribution to Socioeconomic Value

Author(s): Wafaa El Gouz,Azzeddine Allioui / Language(s): English Publication Year: 0

The purpose of this study is to analyze the transformational influence that financial training has on the financial management practices of small enterprises in Morocco and to investigate the subsequent socioeconomic contributions that will result from this training. An all-encompassing research framework that incorporates both quantitative and qualitative research approaches is used in this study, which is conducted within the setting of a rapidly expanding small company sector that is experiencing financial difficulties. Research methods such as questionnaires, interviews, and case studies are applied in order to evaluate the effectiveness of financial training programs in providing small businesses with improved capacities to make responsible financial decisions. The results are intended to provide light on the actual effects of financial training, which include improvements in financial measures, risk management, and investment choices inside the organizations that were targeted. The study investigates not only the consequences on a micro level, but also the implications on a macro level that strengthened financial management will have on the socioeconomic landscape of Morocco as a whole. This research makes a contribution to the current body of knowledge by shedding light on the complex interaction that exists between financial management, financial training, and the generation of socioeconomic value. It is anticipated that the findings will provide policymakers, educators, and business leaders with information on effective techniques to promote financial resilience within small firms, hence creating sustained contributions to the socioeconomic growth of Morocco.

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A Value Theory of Art

Author(s): Julia M. Puaschunder / Language(s): English Publication Year: 0

Price is the hallmark in economics. Discounting under growing uncertain risk over time dominates finance. While finance structures objective measures to perceive price patterns and market trends, it is striking to have no theory of what art becomes more valuable over time. As there is no value theory of arts, we have no structured knowledge about what and how arts become more valuable over time. As for the growing importance of arts as an economic multiplier and systemically-widespread collateral, the need for discounting arts’ future value has gained unprecedented momentum [1]. Solving the question of why some arts survive, and particular art pieces become more valuable over time could help integrate discounting elements in classic public goods theory in welfare economics that focuses on creating lasting common value over time.

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The Clash between Creativity and Tradition in the Financial Governance of Family Businesses

Author(s): Azzeddine Allioui / Language(s): English Publication Year: 0

This paper aims at the theoretical modeling of the clash between innovation and tradition based on the culture of the manager in the family firm. Our analysis of theoretical and empirical work confirms that, contrary to what is commonly believed, managerial innovation and family traditions are by no means contradictory but rather complementary. Thus, despite their attachment to cultural values, family firms can successfully implement change without threatening the stability and durability of the family heritage. This theoretical result gives rise to a model to be tested in the framework of our research program, which allows us to determine the key factors of the reconciliation of the traditional with the innovative for a better response to the requirements of the market dynamics in a context of crisis.

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Exploring the Sneakerhead Culture, Expression, Buying Behavior, and a Billion-Dollar Industry: A Theoretical Literature Review

Author(s): Greg Grovey,Diana Garza / Language(s): English Publication Year: 0

Understanding and identifying the culture of Sneakerheads and their buying behaviors has become a marketing strategy. Sneakers have become a symbolic commodity of ideas, attitudes, and beliefs. Sneakers have been defined as culturally significant and a form of expression for this unique culture. The purpose of this literature review is to identify the Sneakerhead culture, how Sneakerheads use sneakers as a form of expression, consumer buying behavior, and how this market has become a billion-dollar industry. Sneakers have become a symbol of status and wealth, a global commodity, an asset of choice, and a best-selling product. In 2020, China was the world’s leading footwear consumer, in line with its population and luxury consumption. By 2026, sneakers will account for a $120 million market. For Millennials and GenZ, sneakers have become a discreet luxury that signals wealth and bridges the fashion gap between established luxury and everyday wear. The sneaker phenomenon dates back to the 70s and 80s, first as an iconic marker of street identity to now becoming a celebrity staple. The Sneakerhead culture is worth exploring as it has become not only a profitable endeavor but also a form of expression and empowerment.

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