The Relationship Between Monetary Policy and Banking Policy to Manage Macro-Financial Flows of the Russian Banking Sector

Subject. This article analyzes the current state of the relationship between monetary policy and banking policy to manage macro-financial flows of the banking sector of Russia. Objectives. The article aims to assess how closely monetary policy and banking policy are linked in order to manage the macro-financial flows of the Russian banking sector. Methods. For the study, I used normative and integrated approaches, and general scientific and special methods of scientific knowledge. Results. The article assesses the relationship between monetary policy and banking policy to manage macro-financial flows of the banking sector of Russia. Conclusions. The Bank of Russia's monetary policy transmission mechanism needs to be developed and improved. Developing a new channel of influence, i.e. the digital channel of the transmission mechanism, is a promising area to improve it.

An Empirical Study on Human Resource Management and Employment Performance Practice in the Banking Sector in Bangladesh

Banking sector is one of the first growing sectors in Bangladesh. Like any other emerging economic sector banking sector’s growth and development needed to be assess and evaluated through employment performance. There are 56 commercial banks in Bangladesh currently offering financial service with different stratagems. Performance evaluation and assessment is significantly important while achieving the goals of the organization and determining the individual contributions to the organization. The objective of the study is to measure the effects of human resource practice on the performance of employee in the banking sector of Bangladesh. The research has been conducted through structural and semi-structural questionnaires and face-to-face interview related to some human resource issues namely-institutional commitment and motivation, employee relations, compensation, physical work environment, training and development, promotion, job satisfaction as well as the employee performance of the designed banks. A set of 30 structural and same number of semi structural questionnaires were given to 328 bank employees of different levels of 10 selected banks. According to the study all the human resource practice including compensation and training & development have significant impact on the employee performance in the banking sector in Bangladesh. The findings of the study provide a clear guidance to the banking policy makers to pursue effective initiatives with in order to achieve organizational goal through the employee performance.

Job Loss, Credit, and Crime in Colombia

We investigate the effects of job displacement, as a result of mass layoffs, on criminal arrests using a matched employer-employee crime dataset from Medellín, Colombia. Job displacement leads to immediate and persistent earnings losses and higher probability of arrest for both the displaced worker and family members. Leveraging a banking policy reform, we find that greater access to credit attenuates the criminal response to job loss. Impacts on arrests are pronounced for property crimes and among younger men for whom opportunities in criminal enterprises are prevalent. Taken together, our results are consistent with economic incentives contributing to criminal participation decisions after job losses. (JEL G21, G51, J63, K42, O16, O17)

Money Doctor in Latin America

Robert Triffin started working at the Board of Governors of the Federal Reserve System in 1942. He worked mainly on Latin America and participated in several missions on monetary and banking reforms. They were part of the Roosevelt administration’s Good Neighbor Policy and imbued by New Deal values. Triffin was an open and multicultural person, with both his Belgian and American background. Moreover, as a progressive Catholic with a strong grounding in economics, he was the ideal person for this new type of monetary reform mission. Triffin emphasized that the aim was to put monetary and banking policy at the service of development objectives previously ignored in central bank legislations. This also reflected a change in economic paradigms, from classical economics to Keynesian economics. During this period Triffin wrote a first important essay on the international monetary system, putting global liquidity at the core of the international monetary system.

Lobbying in der Europäischen Union

Do civil society interest organisations or business interest organisations participate more in EU climate and banking policy? To answer this question, the author of this study looks at pre-legislative lobbying, analysing both online consultations and direct meetings with interest organisations in an observation period from 2010–2018. The results in both policy areas reveal a clear structural imbalance in favour of business interest organisations. Therefore, the work not only refutes the prevailing view that the EU is a pluralistic interest organisation system, but also questions the democratic function of interest representation in the EU in general.

EVALUATION OF THE EFFECTIVENESS OF BASEL III REFORMS UNDER COVID-19

The paper presents an assessment of the effectiveness of the Basel III reforms in the context of COVID-19. The paper analyzes the Post-Crisis Reform Assessment Program (2008–2009) and the two-year work program of the Basel Committee for 2021–2022, which sets out the strategic priorities of its activities in the field of banking policy, supervision and implementation. The conclusion is made about the positive impact of international standards on the security and resilience to the crisis of both individual banking systems and the global banking system.

Importance and features of the deposit policy of my commercial banks

The deposit policy of a commercial bank must meet the following requirements; economic expediency; competitiveness; lack of internal contradictions. When looking at the essence of the deposit banking policy, it is necessary to touch upon such issues as the objects and subjects of the deposit policy, the real principles of its formation, the boundaries of the deposit policy. In practice, the deposit policy of any commercial bank includes the following elements: customers, government and commercial entities. The savings policy is aimed at lending temporary free funds to creditors, as well as the ability of commercial banks to make efficient use of available resources for active operations. As part of these measures, any bank must take into account the specifics of all types of deposits used. The main feature of the deposit policy here is that the initiative in transactions does not belong to the bank, but to the customer, and therefore it is impossible to manage the operations entirely by the bank.

Analisis Implementasi Green Banking Dan Kinerja Keuangan Terhadap Profitabilitas Bank Di Indonesia (2016-2019)

Green banking adalah aktivitas operasional perbankan yang ramah lingkungan. Penelitian ini menganalisis penerapan green banking, dan kinerja keuangan terhadap profitabilitas bank di Indonesia periode 2016-2019. Sampel penelitian menggunakan metode purposive sampling dan di peroleh 9 bank yang sesuai kriteria. Pengujian data menggunakan analisis regresi berganda. Hasil penelitian menunjukkan bahwa kebijakan green banking berpengaruh positif signifikan terhadap profitabilitas, kecukupan modal tidak berpengaruh negatif signifikan terhadap profitabilitas, kredit bermasalah tidak berpengaruh negatif signifikan terhadap profitabilitas, efisiensi bank berpengaruh negatif signifikan terhadap profitabilitas, tingkat likuiditas bank tidak berpengaruh positif signifikan terhadap profitabilitas. Green banking is an environmentally friendly banking operational activity. This study analyzes the implementation of green banking and financial performance to profitability of banks in Indonesia period 2016-2019. The research sample used purposive sampling method and obtained 9 banks that match the criteria. Testing data using multiple regression analysis. The results of this study indicate that green banking policy had a significant positive effect on profitability, capital adequacy had no significant negative effect on profitability, non-performing loans had no significant negative effect on profitability, bank efficiency had a significant negative effect on profitability, the level of bank liquidity had no significant positive effect on profitability.

Herding and BRICS markets: a study of distribution tails

PurposeThe present study looks into the mimicking behaviour in both normal and asymmetric scenarios. It, then, considers the contagion between the USA and the BRICS stock markets. Finally, it examines herd behaviour in the wake of a major banking policy change concerning the bloc under study.Design/methodology/approachThe current empirical analysis employs daily, weekly and monthly data points to estimate relevant herding parameters. Quantile regression specifications of Chang et al. (2000)'s dispersion method have been applied to detect herd activity. Also, dummy regression specifications have been used to examine the impact of various crises and strategically crucial events on the propensity to herd in the BRICS markets. The time period under consideration ranges from January 2011 until May 2019.FindingsThe relevant herding coefficients turn insignificant in most cases for normal and asymmetric scenarios except for China and South Africa. This can be traced to the anti-herding behaviour of investors, where individuals tend to diverge from the consensus. However, turbulence makes all stock markets to show some collective trading except Russia. Further, the Chinese stock market seems immune to the frictions in the US stock market. Finally, the Indian and South African markets witness significant herding during the formation of a common depository institution.Practical implicationsMost stock markets seem to herd during turbulence. This revelation is of strategic importance to the regulators and capital market managers. They have to be cautious during crises periods as the illusion of being secured with the masses ends up creating unprecedented frictions in the financial markets.Originality/valueThe present study seems to be the very first attempt to test the relevant distributions' tails for convergent behaviour in the BRICS markets.

How Islamic Bank Managing Risk? An Emphasis on Anticipating Financial Crisis

The global economic crisis in 2008 shocked and pressured Indonesian macroeconomic and financial system stability. The decline in macroeconomic stability has an impact on banking policy in lending. Most banks in the world respond to the crisis by doing credit rationing, but how about Islamic bank response toward this condition in Indonesia? Therefore, this study aims to examine the effect of Capital Adequacy Ratio (CAR) and macroeconomic variables on the amount of Islamic banking financing in Indonesia. The method used in this study is the SVAR (Structural Vector Auto Regression) analysis method. The results showed that inflation, capital, and CAR variables had a significant effect on Islamic bank’s financing amount. In contrast, GDP had no significant impact on Islamic bank’s financing amount which means that Islamic banking in Indonesia was not implemented pro-cyclical based lending policy.