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G06-O3 Space and Digital Transformation

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Ordinary Session
Friday, August 29, 2025
9:00 - 10:30
A1

Details

Chair: Prof. Yoshifumi Ishikawa


Speaker

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Dr. Chrysanthi Balomenou
University Lecturer
Epoka EPOKA University, Eiu And Hellenic Open University

Cross Regional Comparative Analysis of Central Banking Monetary Policies: The Case of FED and ECB during the Global Financial Crisis

Author(s) - Presenters are indicated with (p)

Chrysanthi Balomenou (p), Agthanasios Georgakoulias

Discussant for this paper

Federica Rossi

Abstract

This Paper is a literature review oriented aiming, mainly, at presenting and analyzing the responses of the Central Banking to the Global Financial Crisis of 2007-2009, basing on the case study of the ECB and FED. Actually, the key purpose of this study is, after having been unrevealed the key causes and consequences of the crisis to be concentrated on a critical analysis of the adopted and implemented by ECB and FED conventional and unconventional monetary policies. In this regard, the used Methodological approach builds on two pillars: the first is relying on a thorough comparison analysis between the conducted, per case and under the umbrella of a bundle of the most important dilemmas in monetary economics, monetary policies, in order to pinpoint the most important similarities and differentiations among them. Whereas, the second one is focused on a detailed SWOT Analysis, highlighting on one hand the Strengths - Weaknesses and on the other hand the Opportunities – Threats, deriving from the outcomes of the said comparative investigation. The in-depth interpretation of this dual theoretical research analysis allows us to figure out whether the used, by FED and ECB, policies were, equally, the appropriate ones or not and why. And afterwards by being interfered more into the logic governing each one of them, taking into consideration and the results stemming from the relevant SWOT Analysis, to be enabled to provide, per examining Central Bank, the respective solutions for the overall improvement and development of the efficiency - effectiveness and flexibility of the undertaken, on both sides of the Atlantic, policies/strategies. Thus, this qualitative research will certainly serve the policy makers in their day-to-day decisions, as a comprehensive resource for scholars, policymakers and academicians, seeking to understand the unique challenges and policy responses from the part of the Central Banking that occurred during crises periods, like the examining one of the Global Financial Crisis.
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Dr. Federica Rossi
Assistant Professor
Politecnico di Milano - DAStU

Online shopping behaviour in Italy before and during the COVID-19 pandemic

Author(s) - Presenters are indicated with (p)

Tommaso Cigognetti, Martin Hulenyi, Ilaria Mariotti, Federica Rossi (p)

Discussant for this paper

Yoshifumi Ishikawa

Abstract

Digitization is directly associated with the growth of business-to-consumer (B2C) e-commerce, which was further accelerated by the COVID-19 pandemic restrictions. As a result of the movement restrictions, consumers and producers had to fast adjust to the considerable shift towards online buying. This shift has changed the territorial and spatial dynamics of cities and regions, emphasizing the necessity of efficient logistics optimization. It is essential to comprehend the characteristics of e-commerce clients in order to resolve these problems. To better understand the sociodemographic and economic aspects that influenced Italians' inclination to shop online before and during the COVID-19 pandemic, this research will analyze such factors. Data from the ISTAT "Aspects of Everyday Life" household survey are examined making use of a logit model. Our findings give policymakers and other stakeholders in the e-commerce industry important new information about how the epidemic has changed the traits of online shoppers.
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Prof. Yoshifumi Ishikawa
Full Professor
Nanzan University

The Impact of E-Commerce Development on Regional Economies

Author(s) - Presenters are indicated with (p)

Yoshifumi Ishikawa (p)

Discussant for this paper

Chrysanthi Balomenou

Abstract

The advancement of electronic commerce, including online purchases through the internet, is astounding. Especially during the COVID-19 pandemic, there has been a significant increase in both the per-household expenditure on internet-related activities and the proportion of households making purchases through the internet, leading to a substantial expansion of the market size. Historically, local governments have aimed to boost intra-regional consumption by promoting commercial development within their areas, as the presence of large-scale retail stores in neighboring regions would result in consumption leakage. However, in the case of e-commerce, consumers may exhibit behavior driven by factors that are distinct from those influencing traditional store selection.
In the case of e-commerce, where distance resistance is virtually absent, the potential for significant spatial disparity between consumption destinations and supply sources emerges. Consequently, this study delves into the determinants of purchase rates within e-commerce. The analysis indicates that factors such as the scale of retail store locations within the region, the age-specific population distribution, proximity to adjacent municipalities, and the degree of urbanization have an impact on purchase rates driven by e-commerce activities within the region.
As consumer participation in e-commerce grows, it leads to a decrease in local purchase rates. This reduction in local purchase rates further affects regional circulation through the interconnected structures of industrial relationships and income consumption. In this study, the authors incorporate variations in intra-regional consumption rates into a small-region-level income-consumption endogenous interregional input-output model developed by the authors, enabling an analysis of the impact of the advancement of e-commerce on the regional economy.
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