REPO Operations in the Russian Market: The Impact of the Evolution of the Practice of Refinancing Financial Assets on the Development of Property Relations

2019 ◽  
pp. 569-577
Author(s):  
Karine Adamova ◽  
Nataliya Annenskaya
Keyword(s):  
Financial Assets ◽  
Russian Market ◽  
Property Relations ◽  
The Impact

scholarly journals Grading Investment Diversification Options in Presence of Non-Historical Financial Information

Mathematics ◽  
2021 ◽  
Vol 9 (6) ◽  
pp. 692
Author(s):  
Clara Calvo ◽  
Carlos Ivorra ◽  
Vicente Liern ◽  
Blanca Pérez-Gladish
Keyword(s):  
Risk Measure ◽  
Statistical Information ◽  
Expected Returns ◽  
Financial Assets ◽  
Expected Return ◽  
Additional Information ◽  
Subjective Risk ◽  
The Impact ◽  
Statistical Risk ◽  
Reduction Index

Modern portfolio theory deals with the problem of selecting a portfolio of financial assets such that the expected return is maximized for a given level of risk. The forecast of the expected individual assets’ returns and risk is usually based on their historical returns. In this work, we consider a situation in which the investor has non-historical additional information that is used for the forecast of the expected returns. This implies that there is no obvious statistical risk measure any more, and it poses the problem of selecting an adequate set of diversification constraints to mitigate the risk of the selected portfolio without losing the value of the non-statistical information owned by the investor. To address this problem, we introduce an indicator, the historical reduction index, measuring the expected reduction of the expected return due to a given set of diversification constraints. We show that it can be used to grade the impact of each possible set of diversification constraints. Hence, the investor can choose from this gradation, the set better fitting his subjective risk-aversion level.

THE IMPACT OF THE DEVELOPMENT OF PROPERTY RELATIONS ON THE INSTITUTIONS OF ENTREPRENEURSHIP IN THE REPUBLIC OF AZERBAIJAN

2017 ◽  
Author(s):  
Vugar Nazarov ◽  
◽  
Jamal Hajiyev ◽  
Vasif Ahadov ◽  
◽  
...  
Keyword(s):  
Social Development ◽  
Large Scale ◽  
Private Property ◽  
Scale Transformation ◽  
Economic Relations ◽  
Property Relations ◽  
Property System ◽  
The Republic ◽  
The Government ◽  
The Impact

Local and foreign scientists are now paying growing attention to various issues of property and the philosophical and ethical, political, economic, institutional, social, psychological, and other aspects of its formation, taking into account the requirements of large-scale transformation, which primarily concern post-industrial areas of social development. In consequence, as modern studies rightfully point out, considering property relations, two general restrictions should be taken into account: this is an attempt to explain the absoluteness of their roles, the presence and content of all aspects of socio-economic relations by property relations; and the denial of the role of property as one of the most important factors determining the direction of social development in the present and future.This situation forces a new look at the economic policy of the state in this area, because any financial and monetary measures taken by the government will be doomed to failure if their implementation will be without interaction with the mechanisms of the private property system. The article defines the entrepreneurial sector of the region, its interaction with the institutions of the market system operating in all sectors and spheres of the region's economy, and also shows the influence of the development of property relations on the institutions of entrepreneurship.

scholarly journals The Linkage between Sentiments and Stock Market Dynamics New Evidence from Iran

2020 ◽  
Vol 9 (2) ◽  
pp. 29
Author(s):  
Heshmatollah Asgari ◽  
Hamed Najafi
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Screening Method ◽  
Market Price ◽  
Investor Sentiment ◽  
Financial Assets ◽  
Causality Test ◽  
Research Criteria ◽  
The Impact ◽  
The Relationship

In recent years, the issue of financial behaviour and the impact of investors’ sentiments on their decision making have become such a popular issue. The sentiments of financial activists affect the market price of financial assets and particularly stocks, and therefore it is included in the new pricing models of capital assets. In this article, we seek the effect of investors’ sentiments on the dynamics of the Iranian stock market (TSE). To do this, among the companies accepted in the stock market we select 120, considering the research criteria and screening method, we examined TSE specifics throughout 2010-2018 using regression analysis and causality test. Our results show that firstly investors’ sentiments have a direct effect on the stock returns and there is a bilateral relationship between them. Secondly, inflation has the opposite effect and economic growth has a direct and positive effect on the relationship between investor sentiment and stock returns. Finally, government spending has no significant effect on the relationship between investor sentiment and stock returns.

Effect of the forfaiture decision on the legal situation of the convicted spouse

2019 ◽  
Vol specjalny (XIX) ◽  
pp. 155-163
Author(s):  
Andrzej Pokora
Keyword(s):  
Property Rights ◽  
Civil Law ◽  
Criminal Code ◽  
Property Relations ◽  
Legal Instrument ◽  
Legal Situation ◽  
The Impact

The study concerns the impact of a decision on the forfaiture of objects originating from crime on the property relations of the convicted spouse. First of all, the relevant provisions of the Criminal Code governing the institution of forfaiture were analysed. Next, the effects of a judgment declaring forfeiture in the sphere of civil law are presented. n the next part of the paper there are considerations concerning the impact of the confiscation decision on the property situation of the convicted spouse. Finally, it is indicated which legal instrument the convicted spouse can use to enforce the protection of his or her property rights

Government Financial Assets and Debt Sustainability

2017 ◽  
Vol 17 (173) ◽  
Author(s):  
Camila Henao Arbelaez ◽  
Nelson Sobrinho
Keyword(s):  
Emerging Economies ◽  
Public Debt ◽  
Emerging Market ◽  
Financial Assets ◽  
Multiple Sources ◽  
Debt Sustainability ◽  
Sovereign Spreads ◽  
Advanced Economies ◽  
Key Dimensions ◽  
The Impact

Do government financial assets help improve public debt sustainability? To answer this question, we assemble a comprehensive dataset on government assets using multiple sources and covering 110 advanced and emerging market economies since the late 1980s. We then use this rich database to estimate the impact of assets on two key dimensions of debt sustainability: borrowing costs and the probability of debt distress. Government financial assets significantly reduce sovereign spreads and the probability of debt crises in emerging economies but not in advanced economies, and the effect varies with asset characteristics, notably liquidity. Government finacial assets also help discriminate countries across the distribution of sovereign spreads, thus signaling information about emerging economies’ creditworthiness.

scholarly journals The Asymmetric Effect of Panic Index on Cryptocurrencies

2021 ◽  
Vol 7 ◽  
Author(s):  
Necmiye Serap Vurur
Keyword(s):  
Financial Markets ◽  
Money Market ◽  
Financial Assets ◽  
Causality Analysis ◽  
Asymmetric Effect ◽  
Causality Test ◽  
Causality Tests ◽  
The Impact ◽  
Asymmetric Causality ◽  
The Relationship

The Covid 19 pandemic is the first major crisis facing cryptocurrencies. Therefore, the reaction of the cryptocurrency markets is important. News about epidemics affects investors' decisions. Panic index (PIndex) is an index created from news about the Covid 19 outbreak. In the study, it is used to measure the impact of decisions on the crypto money market. As cryptocurrencies, Bitcoin (BTC), Etherium (ETH), and Ripple (XRP), which have the highest transaction volume in the crypto money market, are included in the analysis. The relationship between Panic Index and the three major cryptocurrencies with the largest share in the cryptocurrency market was investigated by Ardl and Hatemi-J asymmetric causality test. Traditional causality tests acknowledge that the effects of positive and negative changes are the same. However, there may be asymmetric information and different investor behaviors in financial markets. In the study, Hatemi-J [1] Asymmetric Causality Test was conducted to examine the asymmetric relationship and symmetric relationship between Pindex and cryptocurrencies by separating them into positive and negative shocks. According to the results of the Hatemi-J causality analysis, positive shocks in the panic index are the cause of negative shocks for all cryptocurrencies. In other words, increases in the panic index are caused to fall the value of Bitcoin, Ethereum, and Ripple cryptocurrencies decrease. The results show that cryptocurrencies were not a safe haven for the investor during the Covid 19 period, as they acted similarly to other financial assets.

Becoming Landowners

2016 ◽  
Author(s):  
Victoria C. Stead
Keyword(s):  
Papua New Guinea ◽  
Social Relations ◽  
Land Tenure ◽  
Nation Building ◽  
Processes Of Change ◽  
Property Relations ◽  
Timor Leste ◽  
Customary Land ◽  
Development State ◽  
The Impact

Becoming Landowners: Entanglements of Custom and Modernity in Papua New Guinea and Timor-Leste examines the impact of modernising processes of change—globalization, “development,” state- and nation-building—on customary land tenures, and customary communities, in two Pacific countries. Moving between multiple sites, scales, and forms of collectivity, Becoming Landowners explores the entanglements of custom and modernity that emerge from these processes. These entanglements are deeply ambivalent, giving rise to competing cartographies of power. They lend themselves to the diminishing of local autonomy but also, importantly, create new possibilities for reasserting that autonomy, and for rearticulating the forms and sites of authority to which customary connection to land gives rise. Pacific peoples are becoming landowners, the book argues, both in the sense that modernising processes of change compel forms of property relations, and in the sense that “landowner” and “custom landowner” become identities to be wielded against the encroachment of both state and capital. In places where customary forms of land tenure have long been dominant, deeply intertwined with senses of self and relationships with others, land now becomes a crucible upon which social relations, power and culture are reconfigured and reimagined.

Examining the Impact of Risk Tolerance and Risk Aversion on the Individual Financial Performance in the Kingdom of Bahrain

2019 ◽  
Vol 9 (1) ◽  
pp. 16-26
Author(s):  
Habil Slade Ogalo
Keyword(s):  
Risk Aversion ◽  
Financial Performance ◽  
Financial Stability ◽  
Positive Relationship ◽  
Risk Tolerance ◽  
Financial Assets ◽  
Significant Positive Relationship ◽  
The Individual ◽  
The Impact

With growing tougher economic conditions, everyone is struggling to safeguard their financial assets and invest them carefully. However, there are certain unavoidable risk factors that every person should be aware of since they have a potential to influence individual`s financial stability. With this notion, the present study attempted to investigate how individual financial performance can be managed and enhanced. Therein, the study attempted to examine the role of risk tolerance and risk aversion factors in an individual towards its financial performance. Through sampling 450 white collar working professionals from retail and financial sectors in the kingdom of Bahrain, the present study found a significant positive relationship between risk tolerance and individual financial performance. Accordingly, the study also reported a significant positive relationship between risk aversion and financial performance. The study has contributed towards a very important topic particularly in an emerging economy like Bahrain. The study forwards implications for practice and scope for future studies based on the findings.

ASSERTING CRIMINAL LAW CLAIMS ON BEHALF OF THE STATE TREASURY FROM CONVICTS BOUND BY THE JOINT MARITAL PROPERTY REGIME

2018 ◽  
Vol 2 (XVIII) ◽  
pp. 245-258
Author(s):  
Andrzej Pokora
Keyword(s):  
Criminal Law ◽  
The State ◽  
Penal Code ◽  
Property Relations ◽  
Personal Property ◽  
Marital Property ◽  
The Impact ◽  
Joint Property ◽  
Property Regime

The article covers the terms and scope of liability of convicts from their personal property and from the joint property when they are bound by the joint marital property regime. In the first place, problems of a convict’s liability from the personal property is discussed. Then, the possibility of the convict’s liability from the joint property is presented. Finally, the article discusses problems of limiting or excluding the liability under art . 28 of the Executive Penal Code and the impact of a change in property relations between spouses on the conduct of execution of criminal law liabilities.

Sustainable Livelihood and Community Perception of Tourism Development: A Case Study of Langkawi Island, Malaysia

2014 ◽  
Vol 8 (1) ◽  
Author(s):  
NORLIDA HANIM MOHD SALLEH ◽  
SITI HAJAR MOHD IDRIS ◽  
REDZUAN OTHMAN ◽  
MOHD ABDULLAH ADNAN
Keyword(s):  
Tourism Development ◽  
Development Program ◽  
Tourism Industry ◽  
Financial Assets ◽  
Sustainable Livelihood ◽  
Community Perception ◽  
United Nations Development Program ◽  
Face To Face ◽  
Physical Assets ◽  
The Impact

This study is conducted in Langkawi Islands, Malaysia. Initially, majority ofthe people in the community are fisherfolks  and farmers. In 1987, the island hasbeen declared as one of Malaysia’s tax-duty zones. By this declaration, it led to the rapid growth of the tourism industry and changed the socioeconomic pattern of the community. This study is trying to evaluate the level of livelihood sustainabilityof the community and their perception on the impact of tourism developmentin Langkawi Island. Descriptive design of livelihood sustainability frameworkdeveloped by the United Nations Development Program (UNDP, 2005) and mean analysis were utilized. Under livelihood sustainability, four assets/indicators wereanalyzed, namely: human assets, financial assets, physical assets and social assets.As for community perception, it covers three aspects that are economic, social andenvironmental aspects. Face-to-face interviews involving a total of 493 respondentswere conducted in November-December 2011. The results indicate that thedevelopment of tourism in Langkawi Island bringsbenefits to the community in terms of the increment in their human, financial, physical and social assets.Community perception also supports that they gained economically, sociallyand environmentally benefits from the development of the tourism industry inLangkawi Island. Therefore, various incentives should be given to encourage theirinvolvement in this industry.Keywords: Tourism development, community perception, sustainable livelihood,descriptive design, Malaysia

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