Pub Date : 2020-07-09DOI: 10.34111/ijebeg.202012203
Modiri Matthews, B. Mokoena
{"title":"The Influence of Service Quality Dimensions On Customer Satisfaction Within Visa Facilitation Centres in South Africa","authors":"Modiri Matthews, B. Mokoena","doi":"10.34111/ijebeg.202012203","DOIUrl":"https://doi.org/10.34111/ijebeg.202012203","url":null,"abstract":"","PeriodicalId":37328,"journal":{"name":"International Journal of eBusiness and eGovernment Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46100779","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-07-09DOI: 10.34111/ijebeg.202012205
Reginald Gerald Govender, D. Govender
The increasing influence of technology in education has made us want to understand how teachers will view its use when teaching Euclidean geometry. Teachers’ technological knowledge, skills; competence and readiness are crucial, in their preparation to integrate technologies in their future classrooms. This paper is part of a larger study that looked into the experiences of student teachers when using a form of online technology, which utilised meaningful interactions to teach and learn high school geometry. The study was conducted with ten mathematics student teachers at a South African university using a mix methods approach using worksheets, interviews, surveys and observations. This case study sought to capture the students’ knowledge of technologies when teaching circle geometry through a careful implementation of Geometric Habits of Mind and an Instructional Design model. The intention of the support programme was that students will reproduce their learning experience, during this study, in their classrooms. According to results the perceptions of technology can be categorised as: Knowing the essentials, A tool in learning geometry and A catalyst to learning geometry. It can be clearly stated that all of students liked the readily available learning tool online.
{"title":"Learning Geometry Online: A Creative Individual Learning Experience","authors":"Reginald Gerald Govender, D. Govender","doi":"10.34111/ijebeg.202012205","DOIUrl":"https://doi.org/10.34111/ijebeg.202012205","url":null,"abstract":"The increasing influence of technology in education has made us want to understand how teachers will view its use when teaching Euclidean geometry. Teachers’ technological knowledge, skills; competence and readiness are crucial, in their preparation to integrate technologies in their future classrooms. This paper is part of a larger study that looked into the experiences of student teachers when using a form of online technology, which utilised meaningful interactions to teach and learn high school geometry. The study was conducted with ten mathematics student teachers at a South African university using a mix methods approach using worksheets, interviews, surveys and observations. This case study sought to capture the students’ knowledge of technologies when teaching circle geometry through a careful implementation of Geometric Habits of Mind and an Instructional Design model. The intention of the support programme was that students will reproduce their learning experience, during this study, in their classrooms. According to results the perceptions of technology can be categorised as: Knowing the essentials, A tool in learning geometry and A catalyst to learning geometry. It can be clearly stated that all of students liked the readily available learning tool online.","PeriodicalId":37328,"journal":{"name":"International Journal of eBusiness and eGovernment Studies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43002848","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-07-09DOI: 10.34111/ijebeg.202012202
Chantel Muller, N. D. Klerk
where the captured data were analysed using descriptive statistics, correlation analysis, reliability and validity measures and structural equation modelling. The findings indicate that design aesthetics and brand name significantly influence Generation Y students’ intention to use wearable activity-tracking devices. A device’s design aesthetics as well as brand name are significant in determining Generation Y students’ intention to use such tracking devices. As such, retailers and marketers should focus on enhancing design aesthetics and brand awareness of wearable activity-tracking devices when targeting the lucrative Generation Y student market segment.
{"title":"Influence of Design Aesthetics and Brand Name On Generation Y Students’ Intention to Use Wearable Activity-Tracking Devices","authors":"Chantel Muller, N. D. Klerk","doi":"10.34111/ijebeg.202012202","DOIUrl":"https://doi.org/10.34111/ijebeg.202012202","url":null,"abstract":"where the captured data were analysed using descriptive statistics, correlation analysis, reliability and validity measures and structural equation modelling. The findings indicate that design aesthetics and brand name significantly influence Generation Y students’ intention to use wearable activity-tracking devices. A device’s design aesthetics as well as brand name are significant in determining Generation Y students’ intention to use such tracking devices. As such, retailers and marketers should focus on enhancing design aesthetics and brand awareness of wearable activity-tracking devices when targeting the lucrative Generation Y student market segment.","PeriodicalId":37328,"journal":{"name":"International Journal of eBusiness and eGovernment Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48686992","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-12-01DOI: 10.34111/ijebeg.20191122
Ismail Erol, M. Velioğlu
The purpose of this paper is to study current practices on sustainable supply chain management (SSCM) in a developing country. To this end, five research questions that focus on the motivations for implementing SSCM initiatives, the level of awareness on SSCM issues, obstacles to implementing SSCM, best practices in SSCM, and responsibilities in SSCM are proposed. The research questions were investigated through four case studies, including automotive, electronics, white goods, and furniture companies. All four companies were based in Turkey. The findings show that SSCM is still in its embryonic stages in the case companies. The findings also suggest that the case companies are somewhat hesitant to launch an initiative to implement full-fledged SSCM practices due to the costs associated with setting up a SSCM system. In addition to research specific to the Turkish context, the paper provides a needed reference point on the application of SSCM in developing nations.
{"title":"AN INVESTIGATION INTO SUSTAINABLE SUPPLY CHAIN MANAGEMENT PRACTICES IN A DEVELOPING COUNTRY","authors":"Ismail Erol, M. Velioğlu","doi":"10.34111/ijebeg.20191122","DOIUrl":"https://doi.org/10.34111/ijebeg.20191122","url":null,"abstract":"The purpose of this paper is to study current practices on sustainable supply chain management (SSCM) in a developing country. To this end, five research questions that focus on the motivations for implementing SSCM initiatives, the level of awareness on SSCM issues, obstacles to implementing SSCM, best practices in SSCM, and responsibilities in SSCM are proposed. The research questions were investigated through four case studies, including automotive, electronics, white goods, and furniture companies. All four companies were based in Turkey. The findings show that SSCM is still in its embryonic stages in the case companies. The findings also suggest that the case companies are somewhat hesitant to launch an initiative to implement full-fledged SSCM practices due to the costs associated with setting up a SSCM system. In addition to research specific to the Turkish context, the paper provides a needed reference point on the application of SSCM in developing nations.","PeriodicalId":37328,"journal":{"name":"International Journal of eBusiness and eGovernment Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42822893","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-12-01DOI: 10.34111/ijebeg.20191127
D. Meyer, T. Habanabakize
Macroeconomic indexes are useful tools in forecasting long and short-run changes in the economy. The purpose of this study is to assess the usefulness of the Purchasing Managers’ Index (PMI), and changes in the manufacturing sector as predictors of economic output. This study is quantitative in nature and employed an ARDL econometric model, vector error correction (VEC) and Granger causality approaches to determine the short and long-run relationships amongst the variables. The ARDL method was used as the variables had a mixture of stationarity at levels I(0) and first difference I(1). The model used economic output measured as GDP, as the dependent variable, while PMI, output in the manufacturing sector and CPI (used as the control variable) were the independent variables. Quarterly data sets were obtained from Statistics South Africa and the Bureau of Economic Research (BER) for the period 2000 to 2017. Findings of the ARDL estimation revealed that the variables cointegrate in the long run and changes in manufacturing output had the highest impact on long-run economic growth of the three variables. In the short run, all independent variables had a significant impact on economic growth. The main findings from the Granger causality tests indicate that bi-directional causality exists between both PMI and GDP as well as between PMI and manufacturing output. Additionally, bi-directional causality was found between GDP and manufacturing, while CPI just causes manufacturing changes. The implications of the research is the confirmation of the importance of PMI, CPI and output of the manufacturing sector as indicators for changes in overall economic activity on a macro level.
{"title":"AN ASSESSMENT OF THE VALUE OF PMI AND MANUFACTURING SECTOR GROWTH IN PREDICTING OVERALL ECONOMIC OUTPUT (GDP) IN SOUTH AFRICA","authors":"D. Meyer, T. Habanabakize","doi":"10.34111/ijebeg.20191127","DOIUrl":"https://doi.org/10.34111/ijebeg.20191127","url":null,"abstract":"Macroeconomic indexes are useful tools in forecasting long and short-run changes in the economy. The purpose of this study is to assess the usefulness of the Purchasing Managers’ Index (PMI), and changes in the manufacturing sector as predictors of economic output. This study is quantitative in nature and employed an ARDL econometric model, vector error correction (VEC) and Granger causality approaches to determine the short and long-run relationships amongst the variables. The ARDL method was used as the variables had a mixture of stationarity at levels I(0) and first difference I(1). The model used economic output measured as GDP, as the dependent variable, while PMI, output in the manufacturing sector and CPI (used as the control variable) were the independent variables. Quarterly data sets were obtained from Statistics South Africa and the Bureau of Economic Research (BER) for the period 2000 to 2017. Findings of the ARDL estimation revealed that the variables cointegrate in the long run and changes in manufacturing output had the highest impact on long-run economic growth of the three variables. In the short run, all independent variables had a significant impact on economic growth. The main findings from the Granger causality tests indicate that bi-directional causality exists between both PMI and GDP as well as between PMI and manufacturing output. Additionally, bi-directional causality was found between GDP and manufacturing, while CPI just causes manufacturing changes. The implications of the research is the confirmation of the importance of PMI, CPI and output of the manufacturing sector as indicators for changes in overall economic activity on a macro level.","PeriodicalId":37328,"journal":{"name":"International Journal of eBusiness and eGovernment Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47840051","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-17DOI: 10.34111/IJEBEG.20191113
L. Muswaka
Land reform entails initiatives embodied in legislative, policy and other measures, constituting actions and mechanisms aimed at broadening access to land, improving security of tenure and restoring land or rights in land, all of which have become necessary because of the historical racial and inequitable approach to land in South Africa. Land reform therefore, consists of three main pillars, namely restitution of land rights, redistribution of land rights and improving security of a wide range of tenure forms. The focus of this paper is primarily on land tenure reform as an important element of land reform. The emphasis is on the legal arrangements used in South Africa to effect land tenure reform. The aim is to investigate the adequacy, flaws, challenges and effectiveness of the legal arrangements used in South Africa to effect land tenure reform. The qualitative method of research will be employed in this study. The reason is that it is best suited to this type of study which entails a critical analysis of legal issues. The study inter alia makes the finding that if land reform is pursued merely on the basis of political ideology and expediency, the economic and social costs will soon outstrip the perceived benefits of radical land acquisition. At the same time, it must however, be recognised that the majority have reasonable expectations for land holding patterns to change in order to address historical imbalances. The researcher concludes by submitting that property can no longer be seen, as it was defined in the common-law tradition, an island of sovereignty where the individual can do whatever she likes. Caution should be taken, therefore, in seeing property rights as the means by which to best secure tenure rights. Rather, security of tenure grounded in the human rights framework should be clearly articulated and properly seen as a fundamental human right.
{"title":"LAND REFORM AND SUSTAINABLE DEVELOPMENT - A SOUTH AFRICAN PERSPECTIVE","authors":"L. Muswaka","doi":"10.34111/IJEBEG.20191113","DOIUrl":"https://doi.org/10.34111/IJEBEG.20191113","url":null,"abstract":"Land reform entails initiatives embodied in legislative, policy and other measures, constituting actions and mechanisms aimed at broadening access to land, improving security of tenure and restoring land or rights in land, all of which have become necessary because of the historical racial and inequitable approach to land in South Africa. Land reform therefore, consists of three main pillars, namely restitution of land rights, redistribution of land rights and improving security of a wide range of tenure forms. The focus of this paper is primarily on land tenure reform as an important element of land reform. The emphasis is on the legal arrangements used in South Africa to effect land tenure reform. The aim is to investigate the adequacy, flaws, challenges and effectiveness of the legal arrangements used in South Africa to effect land tenure reform. The qualitative method of research will be employed in this study. The reason is that it is best suited to this type of study which entails a critical analysis of legal issues. The study inter alia makes the finding that if land reform is pursued merely on the basis of political ideology and expediency, the economic and social costs will soon outstrip the perceived benefits of radical land acquisition. At the same time, it must however, be recognised that the majority have reasonable expectations for land holding patterns to change in order to address historical imbalances. The researcher concludes by submitting that property can no longer be seen, as it was defined in the common-law tradition, an island of sovereignty where the individual can do whatever she likes. Caution should be taken, therefore, in seeing property rights as the means by which to best secure tenure rights. Rather, security of tenure grounded in the human rights framework should be clearly articulated and properly seen as a fundamental human right.","PeriodicalId":37328,"journal":{"name":"International Journal of eBusiness and eGovernment Studies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41961795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-17DOI: 10.34111/IJEBEG.20191111
C. Auriacombe, S. Vyas-Doorgapersad
The article explores the interface between good governance and sustainable development by focusing specifically on the role of governments in the global sustainable development agenda. With this context in mind, the purpose of this article is to highlight the role that governments should play in sustainable development in terms of the notions of ‘good’ governance as a prerequisite for a specific country’s ability and capacity to successfully plan and execute development initiatives, to participate in the global economy and to adhere to the imperatives that emanate from international treaties and conventions regarding sustainable development. The article adopted a qualitative observational approach by comparing, contrasting, critically analysing and synthesising relevant documentary and literature sources in terms of recent data, statistics and knowledge pertaining to a historical and regulatory overview directing good governance and the Sustainable Development Goals (SDGs), as well as the variables influencing global and African governments in pursuit of these goals. To eliminate bias and promote conceptual and contextual analysis, the research method also included specific unobtrusive research techniques, such as concept analysis, historical analysis and documentary analysis. The study found that the reforms pushed by the World Bank are not prioritised and that recipient countries, which are forced to implement them, are not given an idea of how long it would take to carry them out. As a result, recipient countries undertake a multitude of governance reforms at the same time, which are differentially supported by a plethora of donors. Often little thought is given to their sequencing, interdependence, or relative contributions to the overall goal of creating more efficient, effective and responsive governments. This is exacerbated by the fact that many developing countries do not have the required resources to successfully implement the reforms required for good governance.
{"title":"CRITICAL CONSIDERATIONS FOR THE ROLE OF GOVERNMENTS IN THE INTERFACE BETWEEN GOOD GOVERNANCE AND SUSTAINABLE DEVELOPMENT IN DEVELOPING COUNTRIES","authors":"C. Auriacombe, S. Vyas-Doorgapersad","doi":"10.34111/IJEBEG.20191111","DOIUrl":"https://doi.org/10.34111/IJEBEG.20191111","url":null,"abstract":"The article explores the interface between good governance and sustainable development by focusing specifically on the role of governments in the global sustainable development agenda. With this context in mind, the purpose of this article is to highlight the role that governments should play in sustainable development in terms of the notions of ‘good’ governance as a prerequisite for a specific country’s ability and capacity to successfully plan and execute development initiatives, to participate in the global economy and to adhere to the imperatives that emanate from international treaties and conventions regarding sustainable development. The article adopted a qualitative observational approach by comparing, contrasting, critically analysing and synthesising relevant documentary and literature sources in terms of recent data, statistics and knowledge pertaining to a historical and regulatory overview directing good governance and the Sustainable Development Goals (SDGs), as well as the variables influencing global and African governments in pursuit of these goals. To eliminate bias and promote conceptual and contextual analysis, the research method also included specific unobtrusive research techniques, such as concept analysis, historical analysis and documentary analysis. The study found that the reforms pushed by the World Bank are not prioritised and that recipient countries, which are forced to implement them, are not given an idea of how long it would take to carry them out. As a result, recipient countries undertake a multitude of governance reforms at the same time, which are differentially supported by a plethora of donors. Often little thought is given to their sequencing, interdependence, or relative contributions to the overall goal of creating more efficient, effective and responsive governments. This is exacerbated by the fact that many developing countries do not have the required resources to successfully implement the reforms required for good governance.","PeriodicalId":37328,"journal":{"name":"International Journal of eBusiness and eGovernment Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44657976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-17DOI: 10.34111/IJEBEG.20191112
Lerato Mothibi, P. Mncayi
Over the years, the world has experienced increased and persistent levels of high government debts. This situation has been fuelled by the sluggish economic growth rates and weak revenue collections, particularly in the sub-Saharan region. Using the auto-distributive lag (ARDL) model, the study investigates the key drivers of government debt in South Africa from 1994 to 2017. Findings of this study revealed that there is long-run relationship between government debt and government expenditure, real GDP, inflation and real interest rates, with government expenditure, real GDP and interest rates being the key drivers of government debt in South Africa. Government debt has had a negative impact on economic growth and inflation. In the short run, there are no significant interactions between inflation, real interest rates and government debt. To reduce government debt, the South African government should lean towards improving its productive capacity, controlling interest rates and eliminating non-productive expenditure. Factors such as bailout spending on non-performing and problematic state entities may be avoided by opening for competition to ease the burden off the state as a sole or main funder.
{"title":"INVESTIGATING THE KEY DRIVERS OF GOVERNMENT DEBT IN SOUTH AFRICA: A POST-APARTHEID ANALYSIS","authors":"Lerato Mothibi, P. Mncayi","doi":"10.34111/IJEBEG.20191112","DOIUrl":"https://doi.org/10.34111/IJEBEG.20191112","url":null,"abstract":"Over the years, the world has experienced increased and persistent levels of high government debts. This situation has been fuelled by the sluggish economic growth rates and weak revenue collections, particularly in the sub-Saharan region. Using the auto-distributive lag (ARDL) model, the study investigates the key drivers of government debt in South Africa from 1994 to 2017. Findings of this study revealed that there is long-run relationship between government debt and government expenditure, real GDP, inflation and real interest rates, with government expenditure, real GDP and interest rates being the key drivers of government debt in South Africa. Government debt has had a negative impact on economic growth and inflation. In the short run, there are no significant interactions between inflation, real interest rates and government debt. To reduce government debt, the South African government should lean towards improving its productive capacity, controlling interest rates and eliminating non-productive expenditure. Factors such as bailout spending on non-performing and problematic state entities may be avoided by opening for competition to ease the burden off the state as a sole or main funder.","PeriodicalId":37328,"journal":{"name":"International Journal of eBusiness and eGovernment Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48539531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-17DOI: 10.34111/IJEBEG.20191115
Selim Şanlısoy, Tuğberk Çiloğlu
Crypto Currencies (CC) have recently become one of the most debated topics in the public opinion. One of the most fundamental reasons for this is that the fluctuations in transaction volumes and prices of CCs that emerged in 2009 have increased visibly in recent years. CCs have many direct and indirect effects on the global monetary system and the world economy. At this point, as well as the factors that lead to the emergence of CCs, the change and transformation process that CCs create in the world economy is also very important. One of the factors that will determine the degree of future expansion of CCs will be the functions of money. The degree of which CCs can fulfill the functions of the classical currencies will have a direct impact on the process of CC dissemination. CCs can not fulfill the appraisal function at this time. The most basic reason for this is the excessive fluctuations in CC prices. This volatility prevents economic units from valuing any goods and services using CC. This prevents the spread of CCs. However, as this fluctuation will persist over time, CCs will begin to fulfill the function of appraisal and the process of dissemination will accelerate. The power of governments to direct economic and monetary policy will change and transform with the spread of CCs. The effect of this change and the extent to which the states will allow this change remain unclear. Besides, how CCs will affect the global reserve money system is also very important. It remains unclear whether the CCs will be used as reserve currency in the future and how the major central banks will react to it. CCs are also closely related to the seignoirage income. As the CCs become widespread, the seignoirage income which the major central banks obtained from the banknotes will also be jeopardized. The question of how states and central banks will react to this should also be discussed. Measures that are taken against crypto-currencies by the central banks, whose seigniorage income decreases, will be determinant of the global reserve money system. The purpose of this study is to foresee the future of the global reserve money system with the emergence of CCs and how the seignoirage income of central banks will be affected from this process.
{"title":"AN INVESTIGATION ON THE CRYPTO CURRENCIES AND ITS FUTURE","authors":"Selim Şanlısoy, Tuğberk Çiloğlu","doi":"10.34111/IJEBEG.20191115","DOIUrl":"https://doi.org/10.34111/IJEBEG.20191115","url":null,"abstract":"Crypto Currencies (CC) have recently become one of the most debated topics in the public opinion. One of the most fundamental reasons for this is that the fluctuations in transaction volumes and prices of CCs that emerged in 2009 have increased visibly in recent years. CCs have many direct and indirect effects on the global monetary system and the world economy. At this point, as well as the factors that lead to the emergence of CCs, the change and transformation process that CCs create in the world economy is also very important. One of the factors that will determine the degree of future expansion of CCs will be the functions of money. The degree of which CCs can fulfill the functions of the classical currencies will have a direct impact on the process of CC dissemination. CCs can not fulfill the appraisal function at this time. The most basic reason for this is the excessive fluctuations in CC prices. This volatility prevents economic units from valuing any goods and services using CC. This prevents the spread of CCs. However, as this fluctuation will persist over time, CCs will begin to fulfill the function of appraisal and the process of dissemination will accelerate. The power of governments to direct economic and monetary policy will change and transform with the spread of CCs. The effect of this change and the extent to which the states will allow this change remain unclear. Besides, how CCs will affect the global reserve money system is also very important. It remains unclear whether the CCs will be used as reserve currency in the future and how the major central banks will react to it. CCs are also closely related to the seignoirage income. As the CCs become widespread, the seignoirage income which the major central banks obtained from the banknotes will also be jeopardized. The question of how states and central banks will react to this should also be discussed. Measures that are taken against crypto-currencies by the central banks, whose seigniorage income decreases, will be determinant of the global reserve money system. The purpose of this study is to foresee the future of the global reserve money system with the emergence of CCs and how the seignoirage income of central banks will be affected from this process.","PeriodicalId":37328,"journal":{"name":"International Journal of eBusiness and eGovernment Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47448459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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