Financial System Networks Modeling Based on Complex Networks Theory

The paper analyzes central banks macroprudencial policy and its instruments. The issues of their classification, option, design and adjustment are connected with financial stability of overall financial system and its specific institutions. The macroprudencial instruments effectiveness is evaluated from the two points: how they mitigate temporal and intersectoral systemic risk development (market, credit, and operational). The future macroprudentional policy studies directions are noted to identify the instruments, which can be used to limit the financial systemdevelopment procyclicality, mitigate the credit and financial cycles volatility.

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Russian Banking Sector under World Financial Market Uncertainty: Problems and Prospects

Voprosy Ekonomiki ◽

10.32609/0042-8736-2008-3-4-19 ◽

2008 ◽

pp. 4-19 ◽

Cited By ~ 1

Author(s):

A. Ulyukaev ◽

E. Danilova

Keyword(s):

Emerging Markets ◽

Financial Market ◽

Banking Sector ◽

Financial System ◽

Local Market ◽

Market Uncertainty ◽

Balanced Growth ◽

Banking Sector Development ◽

The World ◽

The Usa

The authors point out that the local market crisis - on the USA substandard loan market - has led to the uncertainty of the world financial market. It has caused the growing demand for liquidity in the framework of the world financial system. The Russian banking sector seems to be more stable under negative changes than banking systems of other emerging markets. At the same time one can assume that the crisis will become the factor of qualitative shift in the character of the Russian banking sector development - the shift from impetuous to more balanced growth.

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PRINCIPLES OF COMPULSORY STATE SOCIAL INSURANCE AS ELEMENT OF THE FINANCIAL SYSTEM

Comparative-analytical law ◽

10.32782/2524-0390/2019.5.66 ◽

2019 ◽

Vol 5 ◽

pp. 264-267

Author(s):

H.O. Petrenko ◽

Keyword(s):

Social Insurance ◽

Financial System ◽

Compulsory State

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RELATIONSHIP BETWEEN PRIVATE AND PUBLIC RELATIONS IN THE FUNCTIONING OF THE FINANCIAL SYSTEM OF THE STATE

Comparative-analytical law ◽

10.32782/2524-0390/2019.4.72 ◽

2019 ◽

Vol 4 ◽

pp. 260-266

Author(s):

A.S. Nesterenko ◽

Keyword(s):

Public Relations ◽

Financial System ◽

The State ◽

Private And Public

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Reviewing the Development of Rural Finance in Vietnam

Journal of Economics and Development ◽

10.33301/2013.15.01.06 ◽

2013 ◽

pp. 121-136

Author(s):

Duong Pham Bao

Keyword(s):

Low Income ◽

Financial System ◽

Low Income Countries ◽

Supply Side ◽

New Paradigm ◽

Rural Finance ◽

Market Mechanisms ◽

Rural Credit ◽

Rural Organizations ◽

Doi Moi

The objective of this article is to review the development of the rural financial system in Vietnam in recent years, especially, after Doi moi. There are two opposite schools of thought in the literature on rural credit policies in developing countries. One is the conventional supply-side (government-led) approach while the other is called “a new paradigm” that emphasizes the importance of the viability of financial providers and the well functioning of rural credit markets. Conventional theories of rural finance contend that rural finance in low-income countries is generally accompanied by many failures. Contrary to these theories, rural finance in Vietnam does not encounter the above-mentioned failures so far. Up to the present time, it is progressing well. Using a supply-side approach, methodologically, this study reviews the development of the rural financial system in Vietnam. The significance of this study is to challenge the extreme view of dichotomizing between the old and the new credit paradigms. Analysis in this study contends that a rural financial market that, (1) is initiated and spurred by government; (2) operates principally under market mechanisms; and (3) is strongly supported by rural organizations (semi-formal/informal institutions) can progress stably and well. Therefore, the extremely dichotomizing approach must be avoided.

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