The paper aims to divulge to the management and the banking community the recent achievements in network-based modelling of systemic risk, which enable the pricing of a bank’s…
Abstract
Purpose
The paper aims to divulge to the management and the banking community the recent achievements in network-based modelling of systemic risk, which enable the pricing of a bank’s debt in a systemic context.
Design/methodology/approach
The paper critiques traditional bank liability pricing methods, which fail to account for the potential risks of financial contagion and systemic crises in the banking industry. It briefly explains the different types of financial contagion and evaluates the effectiveness of network-based valuation models in ensuring consistent pricing of banks' debt.
Findings
Traders and financial firms should adopt network-based methods for pricing a bank’s debt to improve their risk and portfolio management.
Practical implications
The paper highlights the benefits for financial firms in obtaining systemic pricing of a bank’s liabilities and indicates the practical steps to adopt network-based valuation methods within firms.
Social implications
In addition to the private benefits for the institution that adopts network-based valuation methods, the correct pricing of banks' liabilities helps internalise the negative externalities arising from financial contagion, contributing to a more stable and resilient financial system.
Originality/value
This paper is the first to aim at bridging the gap between recent theoretical contributions on systemic risk and the customary methods of pricing financial operators' debt.
Details
Keywords
This paper aims to provide an assessment of tourism promotion in tourist destinations and airports (TPTDs) and to organize and classify the literature on tourism promotion, with…
Abstract
Purpose
This paper aims to provide an assessment of tourism promotion in tourist destinations and airports (TPTDs) and to organize and classify the literature on tourism promotion, with the aim of staging the importance of this topic and encouraging future research in the projection of tourism and marketing sectors.
Design/methodology/approach
The paper uses the Social Sciences Citation Index (SSCI) database to analyze the bibliometric in TPTDs topic from 2000 to 2021. Additionally, the paper also uses the visualization of similarities (VOS) viewer software to map graphically the bibliographic material. The graphical analysis uses bibliographic coupling, co-citation, citation and co-occurrence of keywords.
Findings
This study provides an amended new definition of tourism promotion, which is the efficient management of a destination’s resources and strategic plans by destination marketing organizations (DMOs) to adapt the tourism supply to market trends and will empower tourists to visit such destinations. Furthermore, results also show a new paradigm applied to TPTDs topic and classified in five first-order research streams. Digital and mobile marketing, infrastructure, branding, quality, accessibility and information factors about a specific destination which are mostly demanded by tourists are considered as an important means of promotion for the tourism industry.
Originality/value
The contribution of this study is important to identify new challenges and opportunities for researchers, DMOs, airport and airlines operators and stakeholders, as disentangling existing contradictions and applying new theoretical framework to make better future decisions by researchers and organizations to provide higher quality to new research in the context of the TPTDs.