scholarly journals The Impact of Scientific and Technological Progress on the Banking Sector Economic Security

2019 ◽  
pp. 113-121
Author(s):  
Yuliya Budovich ◽  
Irina Ryzhova
Keyword(s):  
Technological Progress ◽  
Banking Sector ◽  
Developed Countries ◽  
Economic Security ◽  
The Other ◽  
Global Changes ◽  
Direct Impact ◽  
Positive Effects ◽  
The One ◽  
The Impact

The impact of scientific and technological progress is global and ubiquitous. It is used to digitize society and complicate economic processes. Although the impact of scientific and technological progress on the development of society is currently highly appreciated, it is not easy to assess its impact on individual sectors. At the same time, it carries new risks and threats the economy of any country constantly deals with. The economy of Russia, as well as the economies of other developed countries, is subject to global changes. Each of its areas is permeated with scientific and technological progress. The Russian banking sector is also under its influence. The modern Russian banking sector is undergoing rapid digitalization of banking procedures. Positive effects of this activity are noted. However, digitalization is a controversial and long process. On the one hand, transaction costs are decreasing, on the other hand, new threats that increase risks are emerging. In addition, scientific and technological progress affects not only interbank procedures and protocols, but also interbank relations. Besides, changes within the banking sector have a direct impact on the socio-economic situation of citizens. The article considers the external and internal threats affecting the banking sector security and reveals causal relationships of their origin. The authors also propose measures to improve the banking sector economic security.

scholarly journals EFFECT AND IMPORTANCE OF CREDIT FLOWS FROM MONETARY POLICY MANAGEMENT ASPECT

2019 ◽  
Vol 31 (1) ◽  
pp. 143-148
Author(s):  
Nikola Vidović ◽  
Milenko Dželetović ◽  
Hatidža Beriša
Keyword(s):  
Monetary Policy ◽  
Banking Sector ◽  
Transition Period ◽  
Developed Countries ◽  
Economic Activities ◽  
Positive Effects ◽  
Personal Consumption ◽  
National Economies ◽  
The Impact ◽  
World Function

The paper focuses on a topic that explains the impact of credit flows on the conduct of monetary policy, as well as their impact on economic activities within national economies in certain countries in the world. Function and importance for the banking sector, as well as for all economic entities, which are categorized by company size, and the impact on the performance and realization of business activities.By comparing similarities and differences, there is a clear distinction between the basic banking channel of credit and the credit channel in the wider sense, as well as their degree of operation in the period before, during, and after the global economic crisis. The paper highlights the positive effects, as well as the negative, ie how their implementation affects the actors of a country's economic system and what are the consequences with a focus on demand, personal consumption, inflation and employment. The problems of adequate application of the model in periods of recession, as well as the degree of representation in developed countries, moderately developed, and countries in the transition period are studied.

scholarly journals IMPACT OF GLOBALIZATION ON THE PERFORMANCE OF THE COMPANY: THE CASE OF COMPANIES FROM BOSNIA AND HERZEGOVINA

2017 ◽  
Vol 7 (1) ◽  
pp. 40-49
Author(s):  
Hasan Mahmutović ◽  
◽  
Sead Talović ◽  
Safet Kurtović ◽  
◽  
...  
Keyword(s):  
Empirical Research ◽  
Bosnia And Herzegovina ◽  
Transition Countries ◽  
The Other ◽  
Negative Effects ◽  
Positive Effects ◽  
Current Topic ◽  
The One ◽  
The Impact ◽  
Double Impact

The discourse of globalization and its effects have been the most current topic in the field of economics in recent times. However, empirical research on the impact of globalization on companies, especially in transition countries, is very scarce. This paper focuses on the study of the impact of globalization on the performance of companies in Bosnia and Herzegovina by analyzing their interrelationships. The findings, in the case of companies in Bosnia and Herzegovina, have confirmed earlier findings about the double impact of globalization by showing, on the one hand, its positive effects and, on the other hand, the negative effects on the performance of the companies. Additionally, the research results have shown that negative effects are felt more strongly in the case of small and medium-sized companies than in the case of large companies.

scholarly journals “The Show Must Go On”. Ethnography of the Art Market Facing the COVID-19 Pandemic

Arts ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 53
Author(s):  
Léa Saint-Raymond
Keyword(s):  
Graduate Students ◽  
Art Market ◽  
The Other ◽  
Physical Contact ◽  
Commercial Activity ◽  
Positive Effects ◽  
Other Hand ◽  
Long Run ◽  
The One ◽  
The Impact

This paper aims at understanding, from the inside, the impact of the COVID-19 pandemic and the accompanying restrictive administrative measures on the art market. It is based on the interviews and ethnographic surveys made by graduate students from the Ecole du Louvre, from September 2020 to May 2021. This methodology makes it possible to demonstrate that, during the crisis, art market professionals were driven by the motto “the show must go on”. On the one hand, they wished to keep a straight face and remain silent on their individual difficulties, preferring to talk about their vocation and the positive effects of the crisis. On the other hand, the commercial activity continued despite everything; if the pandemic accelerated the digital turn of the art market, the physical contact with the works and the collectors remained primordial. The art market thus remained physical but accelerated its digital turn. The proportion of each interactional framework—physical and digital—is still uncertain, difficult to measure today and to predict in the long run.

The Impact of Antimonopoly Regulation on Innovative Entrepreneurship in the Context of the Epidemiological Crisis: on the Example of Foreign Developed Countries and Russia

2021 ◽  
Author(s):  
Natalia Leonidovna Borscheva ◽  
Yulia Vyacheslavovna Fedorova ◽  
Elena Gennadievna Kirikutsa ◽  
Guzal Ilgizovna Islamova ◽  
Egor Andreevich Fedorov
Keyword(s):  
Developed Countries ◽  
The State ◽  
The Other ◽  
Main Task ◽  
Competitive Effects ◽  
The One ◽  
The Impact ◽  
Financial Losses

Abstract Today, entrepreneurs are trying to compensate for the financial losses that they incur due to the epidemiological crisis. At the same time, they can use illegal ways to increase profits, driving competitors out of the market and infringing on the rights of consumers. In such conditions, there are two opposite trends: on the one hand, the state softens control, on the other — in a number of industries, regulation, on the contrary, increases. The article is devoted to the study of the influence of antimonopoly regulation on the development of innovative entrepreneurship in unfavorable conditions. It is generally believed that competition is the incentive for the development of innovations. Therefore, the task of maintaining the competitive state of the markets is the main task of the antimonopoly authorities. In fact, the actions of the antimonopoly authorities may not always achieve the set goal, sometimes the results of antimonopoly regulation may be the opposite of the desired ones, up to the appearance of anti-competitive effects. In this regard, the study of the impact of antimonopoly regulation on the development of innovative entrepreneurship in the context of the epidemiological crisis in order to assess such an impact is timely and relevant.

Global Economic Crisis of 2008-2009: Sources and Roots

2009 ◽  
pp. 18-31
Author(s):  
G. Rapoport ◽  
A. Guerts
Keyword(s):  
Oil And Gas ◽  
Trade Deficit ◽  
Developed Countries ◽  
The Other ◽  
Energy Resources ◽  
Market Mechanisms ◽  
Production Output ◽  
The One ◽  
To Receive ◽  
Partial Destruction

In the article the global crisis of 2008-2009 is considered as superposition of a few regional crises that occurred simultaneously but for different reasons. However, they have something in common: developed countries tend to maintain a strong level of social security without increasing the real production output. On the one hand, this policy has resulted in trade deficit and partial destruction of market mechanisms. On the other hand, it has clashed with the desire of several oil and gas exporting countries to receive an exclusive price for their energy resources.

Laughter on the Fringes

2019 ◽  
Author(s):  
Anna Peterson
Keyword(s):  
The Other ◽  
Literary Canon ◽  
Autobiographical Writing ◽  
Treasure Trove ◽  
Old Comedy ◽  
Other Hand ◽  
Aggressive Humor ◽  
The One ◽  
The Individual ◽  
The Impact

This book examines the impact that Athenian Old Comedy had on Greek writers of the Imperial era. It is generally acknowledged that Imperial-era Greeks responded to Athenian Old Comedy in one of two ways: either as a treasure trove of Atticisms, or as a genre defined by and repudiated for its aggressive humor. Worthy of further consideration, however, is how both approaches, and particularly the latter one that relegated Old Comedy to the fringes of the literary canon, led authors to engage with the ironic and self-reflexive humor of Aristophanes, Eupolis, and Cratinus. Authors ranging from serious moralizers (Plutarch and Aelius Aristides) to comic writers in their own right (Lucian, Alciphron), to other figures not often associated with Old Comedy (Libanius) adopted aspects of the genre to negotiate power struggles, facilitate literary and sophistic rivalries, and provide a model for autobiographical writing. To varying degrees, these writers wove recognizable features of the genre (e.g., the parabasis, its agonistic language, the stage biographies of the individual poets) into their writings. The image of Old Comedy that emerges from this time is that of a genre in transition. It was, on the one hand, with the exception of Aristophanes’s extant plays, on the verge of being almost completely lost; on the other hand, its reputation and several of its most characteristic elements were being renegotiated and reinvented.

The ‘Zen’ in the western monochrome

2020 ◽  
Vol 6 (1-2) ◽  
pp. 55-78
Author(s):  
Simon Morley
Keyword(s):  
Zen Buddhism ◽  
Historical Context ◽  
The Other ◽  
Binary Opposition ◽  
Middle Way ◽  
The 1950S ◽  
The One ◽  
Contemporary Painting ◽  
The Impact

I look at the impact of Zen Buddhism on western painters during the 1950s and 1960s, focusing on the monochrome in particular, in order to create a historical context for the consideration of transcultural dialogue in relation to contemporary painting. I argue that a consideration of Zen can offer a ‘middle way’ between conceptions of the monochrome (and art in general) often hobbled by models of interpretation that function within a binary opposition between ‘literalist/sensory’ on the one hand, and ‘intellectual/non-sensory’ readings on the other.

scholarly journals Examining banking productivity drivers in MENA banks after financial liberalisation in 1990s

2019 ◽  
Vol 8 (1) ◽  
pp. 59-74
Author(s):  
Hatem Elfeituri
Keyword(s):  
Commercial Banks ◽  
Technological Progress ◽  
Banking Sector ◽  
State Ownership ◽  
Scale Efficiency ◽  
Efficiency Change ◽  
Mena Countries ◽  
Financial Liberalisation ◽  
The Impact ◽  
Banking Productivity

The paper investigates whether deregulation and economic reforms have transformed the MENA banking sector into a more productive and efficient sector. This is the first study to cover a large sample of 11 MENA countries for an extended and recent period (1999-2012). Initially, this paper estimates the productivity and efficiency of MENA commercial banks using Malmquist DEA to estimate productivity (TFP), technological and technical efficiency, and scale efficiency change in order to investigate to what extent banking productivity in MENA economies has improved during the study period. Then, Tobit model is employed to examine the impact of bank and macroeconomic variables on the total factor productivity of MENA commercial banks. The obtained MPI results suggest that commercial banks operating in the Gulf countries have exhibited productivity progress mostly due to the technological progress rather than efficiency change. Results also suggest that expenses preference behaviour would help banks to enhance their productivity in the examined period and MENA countries. Whilst banking productivity is improved by financial reforms and technological progress, such findings overall do not indicate that foreign participation or state ownership lead to enhance productivity of banks, whilst suggesting that a number of sound policies should be implemented taking into account the characteristics of banking sector in MENA countries.

scholarly journals Effects of Institutional Quality on FDI in Provinces of Vietnam: Empirical Evidence Based on Differenced Panel GMM

2015 ◽  
Vol 22 (03) ◽  
pp. 26-45
Author(s):  
Bon Nguyen Van
Keyword(s):  
World Economy ◽  
Institutional Quality ◽  
Total Sample ◽  
Developed Countries ◽  
Evidence Based ◽  
Fdi Inflows ◽  
Positive Effects ◽  
The Past ◽  
The Impact ◽  
Developing And Developed Countries

Foreign direct investment (FDI) has been strongly affecting the world economy during the past years and is a critical topic for both developing and developed countries. Most countries, particularly developing ones, always attempt to adjust and modify appropriate policies and institutions to attract FDI inflows. In the context of Vietnam, does the institutional quality have any effect on attracting FDI inflows in provinces? To answer clearly and exactly this question, the impact of institutional quality on attracting FDI inflows is empirically investigated in a sample of 43 provinces of Vietnam over the period of 2005–2012 via the estimation technique of difference panel GMM. Estimated results indicate that in the total sample of all provinces the institutional quality has significantly positive effects on the FDI flows. However, in the sub-sample of provinces the impact of the institutional quality on attracting FDI inflows in Northern and Southern regions are statistically significant while that in Central region is not.

scholarly journals Setting Boundaries to Solidarity: Explaining Danish and Swedish asylum policy divergences, 1989-2001

2018 ◽  
Author(s):  
Kjell Winkens
Keyword(s):  
Political Culture ◽  
The Other ◽  
Cultural Integration ◽  
Integration Policy ◽  
Asylum Policy ◽  
Economic Changes ◽  
Political Perceptions ◽  
The One ◽  
The Impact ◽  
The Welfare State

This thesis seeks to answer the question 'when, how, and why the Danish asylum system become more restrictive than the Swedish one between 1989 and 2001'. In the analysis of these reasons, a particular emphasis is placed on the different political perceptions of both countries’ welfare philosophies on the one hand, and their political culture on the other. The influence of anti-immigration parties on mainstream political culture is an important part of this analysis. Through a distinction between border and integration policy, it becomes clear that the Danish asylum policy becomes more restrictive in the second half of the 1990s, because of its focus on cultural integration as a duty to the welfare state. The thesis concludes with a discussion regarding the impact of (neoliberal) economic changes on solidarity within political culture.

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