Banking and Finance in Antebellum Louisiana: Their Influence on the Course of Economic Development

1966 ◽  
Vol 26 (4) ◽  
pp. 579-581
Author(s):  
George D. Green
Keyword(s):  
Economic Development ◽  
Government Policy ◽  
Financial Institution ◽  
Banking System ◽  
Financial System ◽  
Economic Study ◽  
Developmental Patterns ◽  
Banking And Finance ◽  
Major Development

The thesis is an economic study of Louisiana's banking and financial system from the chartering of the first bank in 1804 to the Civil War. Primary attention is focused on the chartered banks, and on the years after the mid 1820's. This emphasis results in part from the limitations of available evidence but also from a belief that the chartered bank was the most important financial institution and that the major development of the Louisiana economy occurred after 1820. The study moves from an examination of the internal structure of the banking system itself to its setting in the state and worldwide financial system, its relations to government policy, and finally to the role of the financial system in the fluctuations and developmental patterns in the larger economy.

scholarly journals Financial strategy in the conditions of economic transformations

2021 ◽  
pp. 190-196
Author(s):  
Iryna Adamenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial System ◽  
Well Being ◽  
Economic Transformation ◽  
Financial Strategy ◽  
Economic Transformations ◽  
Social And Economic Development ◽  
The Impact

Relevance of the research topic. In the conditions of economic transformations the financial strategy acts as the important economic lever of influence of public administration bodies on social and economic development of the country. The assessment of the mechanism of financial regulation in Ukraine indicates the need to develop the components of the financial system in conjunction with the transformational economic processes and the development of a sound financial strategy in accordance with the goals and objectives of social development. Formulation of the problem. The importance of developing a financial strategy in the context of economic transformation is due to the need to take into account the impact of internal and external challenges in the financial and economic environment, economic fluctuations due to the spread of the coronavirus pandemic. At the same time, the choice of financial strategy tools should be made taking into account the level of economic development of the country. Analysis of recent research and publications. The issue of developing a financial strategy is quite common in research. These are the works of famous domestic and foreign scientists: J. Keynes, P. Samuelson, J. Stiglitz, W. Tanzi, S. Kucherenko, L. Lysyak, L. Levaeva, I. Lukyanenko, V. Makohon, M. Pasichny, I. Chugunov and others. Selection of unexplored parts of the general problem. The above issues are relevant in connection with the deepening of economic transformation, the adverse impact of the Crown virus pandemic on the financial sector, which requires a number of specific tasks related to the development of financial strategy. Problem statement, research goals. The objectives of the study are: to reveal the role of financial strategy in the regulation of socio-economic processes, to substantiate the peculiarities of the development of the components of the financial system. The purpose of the study is to reveal the directions of financial strategy in the context of economic transformation. Method or methodology of the study. The article uses a set of research methods: a systematic approach, statistical analysis, structuring, analysis, synthesis, etc. Presentation of the main material (results of work). The role of financial strategy in the regulation of socio-economic processes is revealed, the peculiarities of formation and implementation of financial strategy are substantiated. The directions of financial strategy in the conditions of economic transformations are substantiated. Field of application of results. The results of the study can be used in the process of formation and implementation of financial policy of Ukraine, reforming the domestic financial system and its components. Conclusions in accordance with the article. The qualitative level of formation and implementation of financial strategy is determined by the system of financial institutions, the state of their development in a particular country aimed at ensuring economic growth and welfare of citizens. The functional purpose of financial strategy is the result of the evolution of the role and importance of state functions in socio-economic development. Depending on the dynamics of socio-economic processes, the tasks of the financial strategy and the tools for its implementation should be adjusted. The financial strategy in the conditions of economic transformations should be directed on formation of long-term potential of economic growth and increase of well-being of the population taking into account demographic tendencies and indicators of the macroeconomic forecast of social and economic development of the country.

scholarly journals ANALYTICAL FINANCIAL PERFORMANCE OF NATIONALISED BANKS IN INDIA

2017 ◽  
pp. 84-92
Author(s):  
Dharmesh Rana
Keyword(s):  
Economic Development ◽  
Financial Markets ◽  
Financial Performance ◽  
Banking System ◽  
Financial System ◽  
Ratio Analysis ◽  
Managerial Effectiveness ◽  
Financial Intermediary ◽  
Fundamental Component ◽  
Nationalised Banks

Banks play an important role in the economic development of every nation. They have control over a large part of the supply of money in circulation. A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities. Banks are a fundamental component of the financial system, and are also active players in financial markets. Financial performance refers to the achievement of the bank in terms of profitability. The profitability of a bank denotes the efficiency with which a bank deploys its total resources to optimize its net profits and thus serve as an index to the degree of asset utilization and managerial effectiveness. In this article an attempt is made to see the financial performance of the selected nationalised banks with the different norms. They are grouped as follows, ratio analysis. For this study ten year nationalised Banks are selected. The Indian banking system faces several difficult challenges.

scholarly journals ANALYSIS OF EFFECTS OF GOVERNMENT POLICY AND THE INVOLVEMENT OF STAKEHOLDERS ON THE PERFORMANCE OF MSME

2016 ◽  
Vol 15 (1) ◽  
Author(s):  
Sri Harini
Keyword(s):  
Government Policy ◽  
Quantitative Method ◽  
Financial Institution ◽  
Educational Institution ◽  
National Development ◽  
Business Environment ◽  
Local Policy ◽  
Business Association ◽  
The Government

The important role of MSME in the national development, particularly in economic growth, employment provision, and GDP is the main reason why MSME should be one of the prioritized attention given by the government and public.  This study was aimed at assessing the effect of government (central and local) policy and the involvement of stakeholders (educational institution, financial institution, cooperative, business association, and NGO) on the performance of MSME.  A quantitative method and analysis of regression and correlation analysis were used.  Results showed that the government has given a special attention to MSME through Law No. 20 Year 2008 and regulations of central and local government through the service office of cooperative and MSME.  Involvement of stakeholders in training, coaching, mentoring, funding, and partnership had an important role in the improvement of MSME performance.  It was expected that the government be able to make or amend laws and regulations which were in favor to MSME and able to create conducive business environment.  Sustainable involvement of stakeholders in the empowerment of MSME was needed by MSME.  

scholarly journals Appraisal of Financial Situation of the Polish Banking Sector from 2008 to 2012

Management ◽  
2013 ◽  
Vol 17 (2) ◽  
pp. 177-189
Author(s):  
Paweł Trippner
Keyword(s):  
Economic Development ◽  
Financial Markets ◽  
Financial Institutions ◽  
Banking Sector ◽  
Banking System ◽  
Financial System ◽  
The European Union ◽  
Financial Situation ◽  
Financial Condition ◽  
European Union Countries

Summary Appraisal of Financial Situation of the Polish Banking Sector from 2008 to 2012 The banking system is a very important element of the financial system of a country. As institutions of public trust, banks play a crucial role in the process of transforming savings into investments, which directly affects the country’s economic development. Maintaining the banking sector in a good financial condition guarantees stability of the financial system and economic development of Poland. The article aims to present the essence of operations of banks as financial institutions, present their role in the economy, and describe various methods of appraising their financial condition. In order to fulfil the above goals, a research hypothesis is put forward stating that the financial condition of the banking sector in Poland deteriorated in the analysed period as a result of an adverse impact of turbulence in financial markets and problems in banking sectors in the European Union countries.

scholarly journals Development of Urban Co-Operative Banks in India after Independence

2019 ◽  
Vol 8 (2) ◽  
pp. 114-118
Author(s):  
K. Shivappa
Keyword(s):  
Economic Development ◽  
Banking Sector ◽  
Banking System ◽  
Income Groups ◽  
Common Man ◽  
Development Banks ◽  
Indian Banks ◽  
Oriented Approach

It has been agreed that marketing of Bank services has been much neglected aspect of Banks and this has hindered the growth of Indian Banks in their role of assisting economic development. Banks need to change from ‘account oriented’ to ‘customer oriented’ approach. Today’s customer’s needs and expectations are changing very fast. To meet these needs and expectations a sensitively responsive Banking system is essential. The urban Co-Operative Banking sector is playing an important role. This sector is growing steadily year after year. It is providing helping hand for common man, middleclass people and small income groups.

scholarly journals ECONOMIC INTELLIGENCE ANALYSIS WITHIN THE ITALIAN BANKING SYSTEM

2020 ◽  
Vol 1 (4) ◽  
pp. 1-8
Author(s):  
Adami Carlo
Keyword(s):  
Board Of Directors ◽  
Present Article ◽  
Financial Institution ◽  
Banking System ◽  
Financial System ◽  
Senior Management ◽  
Personal Relationships ◽  
Intelligence Analysis ◽  
The Board Of Directors ◽  
Job Experiences

The purpose of the present article is to explore and investigate on the nature of the web of relations of the main Italian banks, on the basis of the evolution of the career paths of their relative members of the Board of Directors. The practical implications of the study is associated with the fact that there is a stronger attention by the national and international financial authorities, such as the European Central Bank (ECB) and the National Competent Authorities (NCAs), about the governance in the banks and the theoretical background and practical abilities of the senior management to assume a specific role in a financial institution. That condition determines a situation in which a member of the board of a European bank tends to have previous job experiences from other financial institutions, which can be used as informal liaisons to gathering information and disseminate knowledge, thus shaping the whole banking infrastructure. For that reason, due to the significant consequences of that bond of relations in shaping the entire financial system, the subject of the research consists in trying to measure the Economic Intelligence aptitudes of the most significant Italian banks, which derives from personal relationships constructed and developed by the senior management of the financial intermediaries in their previous job experiences. The novelty of the present article consists in conducting an Economic Intelligence analysis within the Italian banking system. Methodology. By calculating the main centrality indexes (among those offered by the Social Network Analysis discipline) related to each Italian bank within the global banking network constructed on the basis of personal relationships among the relative members of the Board of Directors, it is possible to measure a financial institution’s inclination to have a sort of “influence” in the system, and in the process, to adopt a potential sound and proper Economic Intelligence strategy. The basic result of the paper highlights that, notwithstanding the dimension of a financial institution in the network, a bank could be characterized by significant centrality indexes in a web of social relations, thus having the potential capability to have a certain influence and impact within the entire banking network. In other words, the size of the bank, expressed for example as number of branches, total assets or number of employees, is not the only element to express the capacity of a bank to play a pivotal role in the financial system.

scholarly journals Analyzing the Role of Islamic Finance in Kuwait Regarding Sustainable Economic Development in COVID-19 Era

2022 ◽  
Vol 14 (2) ◽  
pp. 701
Author(s):  
Salah Alhammadi
Keyword(s):  
Economic Development ◽  
Best Practices ◽  
Management Strategies ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
Sustainable Economic Development ◽  
Grounded Theory Method ◽  
The Impact

The aim of the present study was first to consider the impact of COVID-19 on Kuwait’s economy. Second, it attempted to examine the role of Islamic banking and finance in achieving socioeconomic justice and attaining best practices by securing social goods. Hence, the research assessed how Islamic banking and finance can help in reconstructing the economy based on Maqasid Al-Shari’ah (higher ethical objectives) to redevelop social, economic, and environmental welfare, especially in the COVID-19 era. A theoretical approach was adopted, namely, the grounded theory method (GTM), to explore COVID-19 related solutions for achieving sustainable economic development. The findings show that Islamic banking and finance can be employed to mitigate the impact of coronavirus and can be used as an alternative financial system to support both affected people and entrepreneurs. The paper expands on previous literature discussing the role of Islamic finance in management strategies through Islamic ethical objectives, with a particular focus on Kuwait’s post-COVID-19 era. This research can help policymakers to develop mechanisms and supporting approaches for Kuwait’s economy.

Law and Development in the Islamic World: New Possibilities

2011 ◽  
Vol 4 (2) ◽  
Author(s):  
Salim Farrar
Keyword(s):  
Economic Development ◽  
Muslim World ◽  
Islamic Banking ◽  
Law And Development ◽  
Islamic World ◽  
Banking And Finance

This paper provides a brief discussion of law and development from Islamic perspectives and looks to the role of Islamic banking and finance as a means of alleviating poverty and promoting economic development in the Muslim world.

On Analysis of the Development of Chinese Regional Economy and Countermeasures

2011 ◽  
Vol 347-353 ◽  
pp. 3968-3972
Author(s):  
Shu Guang Wang ◽  
Xiang Xin Jin
Keyword(s):  
Economic Development ◽  
Development Process ◽  
Regional Economy ◽  
Financial System ◽  
Transfer Payment ◽  
Industrial Base ◽  
Macroeconomic Control ◽  
Old Industrial Base ◽  
Economic Zones

Revitalizing regional economy is one of the economic development basic strategies in our country. Finance-taxation policies, as the main macroeconomic control legal means under the conditions of market economy, play a positive and key role in revitalizing regional economy, including the development process of special economic zones, southeast coastal open, developing western regions and revitalizing northeast old industrial base etc. Taking the preferential tax to the eastern coastal areas in regional economic development, financial system of weakening the Midwest financial capability, the limited role of equalization in financial transfer payment, and tax system of widening gap in development between regions into account, the author considered that some finance-taxation policies should be carried out, such as renovating the prevailing financial system, carrying out comprehensive finance-taxation policies, normalizing transfer payment system, and strengthening preferential tax policy.

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