scholarly journals Angola

2020 ◽  
pp. 283-304
Author(s):  
Rebecca Engebretsen ◽  
Ricardo Soares de Oliveira
Keyword(s):  
Financial Market ◽  
Banking Sector ◽  
Oil Prices ◽  
Balance Of Payments ◽  
International Standards ◽  
Regulatory Environment ◽  
The Political ◽  
Financial Flows ◽  
Bank Regulation And Supervision ◽  
Rich Countries

As in other resource-rich countries, the financial sector in Angola plays a key role in facilitating outgoing financial flows. The political allocation of credit and issuing of bank licenses to insiders have been an important avenue for securing support for the regime. The result has been strong opposition to the ratcheting-up of bank regulation and supervision. Yet a balance-of-payments crisis in 2009, falling in oil prices from 2014, and changes in the global regulatory environment together meant that divergence from international standards was no longer an option. For Angolan banks to maintain their links to the global financial market, the country needed to signal its readiness to regulate the sector in line with international standards. Nonetheless, because the politicized nature of the banking sector has not changed, standards are either not implemented or are implemented but not enforced, leading to a situation of ‘mock compliance’.

Cheap oil will test Nigerian banks' resilience

2015 ◽  
Keyword(s):  
Monetary Policy ◽  
Banking Sector ◽  
Oil Prices ◽  
Bank Lending ◽  
Balance Of Payments ◽  
Content Type

Significance The first policy loosening in more than six years highlights government concerns about the challenging outlook for bank lending. The plunge in global oil prices and sharp depreciation of the naira are severely testing the resilience of the recently reformed banking sector. Impacts The rate cut reveals that the government's priority is to boost the lending environment over using tighter monetary policy as a stabiliser. However, the effect of the stimulus on inflation and growth will only become apparent next year. Balance-of-payments crisis warnings do not take into account fairly sound debt ratios and reserve levels.

scholarly journals Elite preferences and transparency promotion in Kazakhstan

2017 ◽  
Vol 50 (2) ◽  
pp. 135-143 ◽  
Author(s):  
Kerem Öge
Keyword(s):  
Foreign Investment ◽  
Institutional Reform ◽  
Oil Prices ◽  
Economic Security ◽  
Political Elite ◽  
The Political ◽  
Successful Implementation ◽  
Central Asian ◽  
Central Asian State ◽  
Rich Countries

This paper evaluates the factors that shape the establishment of transparent institutions in resource-rich countries with a specific focus on Kazakhstan. Specifically, it draws upon indepth interviews and analysis of key institutions to understand the pace and intensity of transparency reforms in the Central Asian state. It argues that external transparency promotion can lead to institutional reform only when it is matched with strong elite incentives in favor of reforms. Kazakhstan has had few incentives to comply with Western-initiated norms before 2014, an era of relative economic security. As a consequence, the political elite often stalled the successful implementation of reforms. However, the economic turbulence following the fall of oil prices and Russia’s annexation of Crimea have motivated the Kazakh government to embrace the norm of transparency in order to attract foreign investment.

scholarly journals Institutions and the “Resource Curse”: Evidence From Cases of Oil-Related Bribery

2019 ◽  
Vol 53 (1) ◽  
pp. 3-39 ◽  
Author(s):  
Paasha Mahdavi
Keyword(s):  
Instrumental Variables ◽  
Resource Curse ◽  
Resource Extraction ◽  
Regulatory Environment ◽  
The Political ◽  
Institutional Choice ◽  
Political Autonomy ◽  
Show Evidence ◽  
Rich Countries ◽  
Institutional Choices

While some resource-rich countries are highly corrupt, others have transparent and well-functioning governments. What explains this wide variation in so-called “resource-cursed” states? I show that these differences result from domestic institutional choices over how resource extraction is governed. Some governments grant procurement authority—the ability to award contracts for production rights—to state-owned enterprises, whereas others place this authority in ministries. Building upon agency theory, I argue that this choice matters: The relative political autonomy of state-owned enterprises compared with ministries fosters an opaque regulatory environment that incentivizes malfeasance. Using new data on transnational bribes in 59 oil-producing countries, I show evidence for a robust link between oil-related institutions and bribery, even after addressing the endogeneity of institutional choice via instrumental variables analysis. This research has implications not only for the political economy of the resource curse hypothesis but also for existing theories on corruption and regulatory independence.

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

2008 ◽  
pp. 4-19 ◽  
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.

The Changing Patterns of North Korea’s International Film Co-Productions Since the 1980s: A Global Value Chain Approach

2020 ◽  
pp. 83-108
Author(s):  
Moon Hwy-Chang ◽  
Wenyang Yin
Keyword(s):  
Value Chain ◽  
North Korea ◽  
Film Industry ◽  
International Standards ◽  
The Political ◽  
Global Value Chain ◽  
Comprehensive Understanding ◽  
Changing Patterns ◽  
Film Productions

Although North Korea is one of the most closed countries in the world, it has long been pursuing international cooperation with other countries in order to upgrade the quality of its film industry to international standards. Preceding studies on this topic have mainly focused on the political influences behind filmmaking in general and very few studies have exclusively dealt with North Korea’s international co-productions. In this respect, in order to develop a comprehensive understanding of the internalization strategy of North Korea’s film productions, this paper uses the global value chain as a framework for analysis. This approach helps understand the internationalization pattern of each value chain activity of film co-productions in terms of the film location and the methods for collaborating with foreign partners. By dividing the evolution of North Korea’s international co-productions into three periods since the 1980s, this paper finds that although North Korea has shown mixed results with different aspects of the film value chain, it has generally improved its internationalization over the three periods. This paper further provides strategic directions for North Korea by learning some of the successful Chinese experiences in the film sector regarding collaboration with foreign partners—to foster a win-win situation for all involved parties.

Estudio de inversión de capital privado de la banca colombiana en el mercado bancario español

2017 ◽  
Vol 7 (12) ◽  
pp. 73
Author(s):  
Luis Eduardo Lozano Ortegón ◽  
Antonio Alonso-González
Keyword(s):  
Business Model ◽  
Financial Market ◽  
Private Equity ◽  
Banking Sector ◽  
Marketing Strategies ◽  
Economic Environment ◽  
Financial Viability ◽  
Equity Investment ◽  
Viability Study ◽  
Market Perspective

RESUMENEn el presente documento se introducen y analizan algunas de las variables a tener en cuenta en cualquier estudio de viabilidad referente a la inversión de capital privado de banca colombiana en el sector bancario español, planteando un modelo de negocio que permita alcanzar dicha viabilidad financiera de una forma sostenible mediante un formato de banco colombiano bajo la supervisión del Banco de España. Se plantean, así mismo, los requisitos y regulaciones a cumplir, incluyendo un diagnóstico del entorno económico y de la perspectiva del mercado financiero de captación y colocación bancaria española, así como sus portafolios y estrategias de marketing en un horizonte financiero a cinco años.ABSTRACTIn the present work some of the variables to be considered in any viability study concerning private equity investment of Colombian banks in the Spanish banking sector are introduced and discussed. Further, it proposes a business model that allows sustainable financial viability through a format of Colombian bank under the supervision of the Bank of Spain. Some of the requirements and regulations to comply are likewise explained, including an assessment of the economic environment and financial market perspective of the Spanish bank sector, as well as their portfolios and marketing strategies in a financial horizon to five years. Fecha de recepción: 27 de julio de 2016Fecha de aprobación: 17 de noviembre de 2016Fecha de publicación: 6 de enero de 2017 

Bossa Mundo

2019 ◽  
Author(s):  
K.E. Goldschmitt
Keyword(s):  
Local Governments ◽  
Film Music ◽  
The United States ◽  
The Political ◽  
National Brand ◽  
Brazilian Music ◽  
Media Environment ◽  
The United Kingdom ◽  
The Media ◽  
Rich Countries

Bossa Mundo chronicles how Brazilian music has been central to Brazil’s national brand in the United States and the United Kingdom since the late 1950s. Scholarly texts on Brazilian popular music generally focus on questions of music and national identity, and when they discuss the music’s international popularity, they keep the artists, recordings, and live performances as the focus, ignoring the process of transnational mediation. This book fills a major gap in Brazilian music studies by analyzing the consequences of moments when Brazilian music was popular in Anglophone markets, with a focus on the media industries. With subject matter as varied as jazz, film music, dance fads, DJ/remix culture, and new models of musical distribution, the book demonstrates how the mediation of Brazilian music in an increasingly crowded transnational marketplace has had lasting consequences for the creative output celebrated by Brazil as part of its national brand. Through a discussion of the political meaning of mass-mediated music in chronologically organized chapters, the book shifts the scholarly focus on the music’s transnational popularity from the scholarly framework of representing Otherness to broader considerations of a media environment where listeners and intermediaries often have differing priorities. The book provides a new model for studying music from culturally rich countries in the Global South where local governments often leverage stereotypes in their national branding project.

THE ALLIED NEUTRAL? PORTUGUESE BALANCE OF PAYMENTS WITH THE UK AND GERMANY IN THE SECOND WORLD WAR, 1939-1945

2020 ◽  
Vol 38 (1) ◽  
pp. 79-110
Author(s):  
Eric Golson
Keyword(s):  
Raw Materials ◽  
Second World War ◽  
Balance Of Payments ◽  
International Standards ◽  
Third Party ◽  
World War ◽  
Portuguese Empire ◽  
Active Choice ◽  
The Uk ◽  
Second World

ABSTRACTIn September 1939, Portugal made a realist strategic choice to preserve the Portuguese Empire maintaining by its neutrality and also remaining an ally of Great Britain. While the Portuguese could rely largely on their colonies for raw materials to sustain the mainland, the country had long depended on British transportation for these goods and the Portuguese military. With the British priority now given to war transportation, Portugal's economy and Empire were particularly vulnerable. The Portuguese dictator Antonio Salazar sought to mitigate this damage by maintaining particularly friendly financial relations with the British government, including increased exports of Portuguese merchandise and services and permission to accumulate credits in Sterling to cover deficits in the balance of payments. This paper gives an improved set of comprehensive statistics for the Anglo-Portuguese and German–Portuguese relationships, reported in Pounds and according to international standards. The reported statistics include the trade in merchandise, services, capital flows, loans and third-party transfers of funds in favour of the British account. When compared with the German statistics, the Anglo-Portuguese figures show the Portuguese government favoured the British in financial relations, an active choice by Salazar to maintain the Portuguese Empire.

The Capital Market Authority Effectiveness in the Regulation of Financial Markets perspectives from the financial sector actors

2012 ◽  
Vol 02 (11) ◽  
pp. 15-24
Author(s):  
Charles Kombo Okioga
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Capital Markets ◽  
Capital Market ◽  
Financial Regulation ◽  
International Standards ◽  
Market Regulation ◽  
Financial Market Regulation ◽  
Market Participants ◽  
New Business

Capital Market Authority in Kenya is in a development phase in order to be effective in the regulation of the financial markets. The market participants and the regulators are increasingly adopting international standards in order to make the capital markets in sync with those of developed markets. New products are being introduced and new business lines are being established. The Capital Markets Authority (Regulator) is constantly reviewing existing regulations and recommending changes to regulate the market properly. Business lines and activities are being harmonized by market participants to provide a one stop solution in order to meet the financial and securities services needs of the investors. The convergence of business lines and activities of market intermediaries gives rise to the diversity of a firm’s business operations to meet multiplicity of regulations that its activities are subject to. The methodology used in this study was designed to examine the relationship between capital markets Authority effective regulation and the performance of the financial markets. The study used correlation design, the study population consisted of 30 employees in financial institutions regulated by Capital Markets Authority and 80 investors. The study found out that effective financial market regulation has a significant relationship with the financial market performance indicated by (r=0.571, p<0.01) and (r=0.716, p≤0.01, the study recommended a further research on the factors that hinder effective financial regulation by the Capital Markets Authority.

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