INTEGRATION OF MONETARY POLICY TOOLS AND FINANCIAL MARKETS DEVELOPMENT IN THE FIELD OF STRATEGIC PLANNING

2015 ◽  
Vol 10 (3) ◽  
pp. 5-8
Author(s):  
Абрамкин ◽  
Stanislav Abramkin ◽  
Ханнанов ◽  
Marat Khannanov ◽  
Хаялеева ◽  
...  
Keyword(s):  
Monetary Policy ◽  
Strategic Planning ◽  
Financial Markets ◽  
Goal Setting ◽  
Policy Tools

The article deals with problems of economy management, determining the current difficulties in coordination of monetary policy, the development of financial markets and long-term planning. The proposals for the development of goal-setting ideas in the Bank of Russia was offered.

Volatility of real return and impact of monetary policy rates on yield of the 182 days treasury bills in India

2019 ◽  
Vol 118 (4) ◽  
pp. 142-145
Author(s):  
Vijayalakshmi Pa
Keyword(s):  
Monetary Policy ◽  
Financial Markets ◽  
Central Government ◽  
Secondary Market ◽  
Treasury Bills ◽  
The Public ◽  
The Government ◽  
The Impact ◽  
Financial Securities

Central Government issues securities in financial markets to meet out its financial requirements for fulfilling its objectives towards overall economic and welfare development of the nation. Both money and capital markets help to float short term as well as long term securities before the public to tap their savings. Financial institutions, Banks, primary dealers and individuals are allowed to deal with financial securities. 182 Days Treasury Bill is also one of the instrument which cater the needs of deficit of the government.  This paper deals with   182 days treasury bills for  analysing the real return and trading of  182 days treasury bills in the secondary market and the impact of  monetary policy rates on average yield  on 182 days treasury bills and concluded that monetary policy rates have impact on 182 days treasury bills in India.

STRATEGIC PLANNING OF AGRIBUSINESS ACTIVITIES

2021 ◽  
pp. 87-97
Author(s):  
T.V. BIRYUKOVA ◽  
◽  
E.V. ENKINA ◽  
T.I. ASHMARINA
Keyword(s):  
Strategic Planning ◽  
Goal Setting ◽  
Medium Size ◽  
Situational Analysis ◽  
Main Task ◽  
Labor Costs ◽  
Business Plans ◽  
Marketing Assets ◽  
Significant Support

In the current conditions of economic development for many organizations operating in the field of agriculture, there are a number of uncertainties due to the lack of strategic planning of activities. On the other hand, it is the long-term goal setting that allows organizations to conduct highly effective activities and be competitive in the market. The main areas of the strategic planning of activities that ensure competitiveness include: branding (creating mental structures in the consumer’s mind), the development of a model of marketing relations with consumers and the management of distribution channels. However, strategic planning in the organization is possible only on the basis of high-quality situational analysis, which is a difficult task for many enterprises due to the significant financial and labor costs. An equally important aspect is the unwillingness of managers of organizations to invest in marketing assets, 95 primarily due to their unability to determine the effectiveness of these investments, as well as the lack of resources themselves. The authors believe it is necessary to provide significant support to organizations of small and medium-size forms of ownership in order to increase their competitiveness, which can be carried out by establishing regional marketing centers, the main task of which is to provide assistance in conducting a situational analysis of the organization’s activities, in particular the macro – and micro-environment of the organization, and determining strategic areas of activity. Equally important is the assistance in the preparation of business plans, in particular, the possibility of obtaining funding for the implementation of state program activities, training in the aspects of conducting effective activities, organizing contests, exhibitions and other events.

scholarly journals Financialization, real estate and COVID-19 in the UK

2020 ◽  
Author(s):  
Grace Blakeley
Keyword(s):  
Monetary Policy ◽  
Real Estate ◽  
Financial Markets ◽  
Housing Market ◽  
Negative Impact ◽  
House Prices ◽  
Wealth Inequality ◽  
The Uk

Abstract In the UK, financialization has transformed many areas of the economy, including the housing market. The deregulation of financial markets that took place from the 1980s onwards, combined with the privatization of social housing, has transformed UK real estate from an ordinary good, insulated to some extent from consumer and financial markets, into a valuable financial asset. The financialization of real estate has had a largely negative impact on the UK’s housing market, the wider economy and individual communities; wealth inequality, financial instability, gentrification and homelessness have all increased as the role of the financial sector in UK property has increased. The financial crisis only accelerated many of these trends as distressed real estate was bought up by investors in its wake, and as loose monetary policy pushed up house prices in the period after the crisis. The COVID-19 pandemic is only likely to exacerbate these issues; the UK is sleepwalking into a potential evictions crisis, and ongoing loose monetary policy is likely to prevent a significant and necessary correction in house prices over the long term.

Security and Goal Setting in the Strategic Planning System

2021 ◽  
pp. 146-154
Author(s):  
Evgeny M. Buchwald
Keyword(s):  
Strategic Planning ◽  
Goal Setting ◽  
Management Practice ◽  
Economic Security ◽  
Security Requirements ◽  
Planning System ◽  
Federal Law ◽  
Integral Element ◽  
Security Components

The adoption in 2014 of the Federal law No. 172 “On strategic planning…” not only fully returned the concept of “planning” to the legal and institutional “field” of the system of state and municipal administration, but also outlined the need to establish long-term priorities and goals for such planning. It is also important that the law directly linked the goal setting of socio-economic strategy-making with ensuring the requirements of national and economic security of the country. Strategies and other security documents were developed before the adoption of Federal law No. 172. But only this legislative act has established security strategies as an integral element of strategic planning practices and confirmed their role as one of the key sources of goal setting for strategic planning documents. However, it appeared not possible to implement such setting in real management practice in complete and consistent way. Although formally Federal law No. 172 is saturated with a variety of references to security requirements, in reality it’s almost impossible to determine what national and economic security requirements are meant in each particular case and to what extent they are practically implemented in a particular strategic planning document. There is a situation, in which references to national security requirements have become an excessive and even burdensome attribute of strategic planning practice. The reasons for such a situation, however, cannot be attributed only to the miscalculations of Federal law No. 172 and current law enforcement practice. Rather we should talk about the obsolescence of Federal law No. 390 “On security” and, of course, the problematic content of the two current federal documents on security. These documents, although they are known as “strategies”, can hardly be considered as such type documents and even more, they can hardly be actually accepted as a source of goal setting for other strategic planning documents. Meanwhile, security components are not an encumbrance and not an alternative to the main documents of strategic planning. The article proves that it’s important to define more concrete security components and the mechanisms of their realization in such a way so that their role should be not less and not more than it’s really necessary for systematic goal setting in the framework of strategic planning. The purpose of this article is to identify the conditions under which security strategies would overcome their current formal status and could be actively integrated into the practice of strategic planning as one of the main sources of goal setting.

scholarly journals Monetary Policy Tightening and Long-Term Interest Rates

2013 ◽  
pp. 1-6
Author(s):  
Pedro Amaral
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Financial Market ◽  
Policy Tools ◽  
Open Market ◽  
Federal Open Market Committee ◽  
Market Participants ◽  
Economic Developments

The Federal Open Market Committee (FOMC) has maintained an accommodative monetary policy ever since the 2007 recession, and some financial market participants are concerned that long-term interest rates may increase more than should be expected when the Committee starts to tighten. But a look at five historical episodes of monetary policy tightening suggests that such an outcome is more likely when markets are surprised by policy actions or economic developments. Given the Fed's new policy tools, especially its evolution toward more transparent communications, the odds of a surprise are far less likely now.

scholarly journals Monetary Policy and Financial Asset Prices: Empirical Evidence from Pakistan

2018 ◽  
Vol 7 (2) ◽  
pp. 149-160
Author(s):  
Imran Umer Chhapra ◽  
Muhammad Usama Ali ◽  
Syeda Fizza Zehra ◽  
Falak Naz
Keyword(s):  
Monetary Policy ◽  
Financial Markets ◽  
Stock Price ◽  
Monetary Transmission ◽  
Investment Strategies ◽  
Vector Autoregressive ◽  
Bond Yield ◽  
Asset Classes ◽  
The Impact

Monetary transmission mechanism assumed to be significantly influenced by the effect of policy decisions on financial markets. However, various previous studies have come up with different outcomes. The purpose of this study is to examine the impact of monetary policy on different asset classes (shares and bonds) in Pakistan. This study using stock price and bond yield as dependent variable and discount rate, money supply, inflation, and exchange rate are independent variables. Data of all variables have collected from 2010 to 2016, and Vector Autoregressive (VAR) technique has applied. The empirical results indicate that there is an impact of monetary policy components on both stock and bond market as an increase in policy rate causes decline in stocks prices and bonds yields. The findings of this study will help the potential investors in making long-term (in general) and short-term (in particular) investment strategies concerning monetary policy.DOI: 10.15408/sjie.v7i2.7099

Is inflation targeting useful for economic growth?

2017 ◽  
pp. 62-74 ◽  
Author(s):  
P. Kartaev
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Test Performance ◽  
Inflation Targeting ◽  
Developing Economies ◽  
Empirical Studies ◽  
Growth Regime ◽  
Potential Channels

The paper presents an overview of studies of the effects of inflation targeting on long-term economic growth. We analyze the potential channels of influence, as well as modern empirical studies that test performance of these channels. We compare the effects of different variants of inflation targeting (strict and mixed). Based on the analysis recommendations on the choice of optimal (in terms of stimulating long-term growth) regime of monetary policy in developed and developing economies are formulated.

The influence of inflation targeting on the pass-through effect of the exchange rate

2018 ◽  
pp. 70-84
Author(s):  
Ph. S. Kartaev ◽  
Yu. I. Yakimova
Keyword(s):  
Developing Countries ◽  
Monetary Policy ◽  
Exchange Rate ◽  
Inflation Targeting ◽  
Policy Regime ◽  
Short And Long Term ◽  
The Exchange Rate ◽  
Pass Through ◽  
The Impact

The paper studies the impact of the transition to the inflation targeting regime on the magnitude of the pass-through effect of the exchange rate to prices. We analyze cross-country panel data on developed and developing countries. It is shown that the transition to this regime of monetary policy contributes to a significant reduction in both the short- and long-term pass-through effects. This decline is stronger in developing countries. We identify the main channels that ensure the influence of the monetary policy regime on the pass-through effect, and examine their performance. In addition, we analyze the data of time series for Russia. It was concluded that even there the transition to inflation targeting led to a decrease in the dependence of the level of inflation on fluctuations in the ruble exchange rate.

Perspectives on inflation Targeting Regime in Russia

2014 ◽  
pp. 107-121 ◽  
Author(s):  
S. Andryushin
Keyword(s):  
Monetary Policy ◽  
Financial Markets ◽  
Interest Rates ◽  
Inflation Targeting ◽  
Short Term ◽  
Indirect Control ◽  
Financial Account ◽  
Domestic Prices ◽  
Macroeconomic Indicators ◽  
Private And Public

The paper analyzes monetary policy of the Bank of Russia from 2008 to 2014. It presents the dynamics of macroeconomic indicators testifying to inability of the Bank of Russia to transit to inflation targeting regime. It is shown that the presence of short-term interest rates in the top borders of the percentage corridor does not allow to consider the key rate as a basic tool of monetary policy. The article justifies that stability of domestic prices is impossible with-out exchange rate stability. It is proved that to decrease excessive volatility on national consumer and financial markets it is reasonable to apply a policy of managing financial account, actively using for this purpose direct and indirect control tools for the cross-border flows of the private and public capital.

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