scholarly journals Transformation of the paradigm of financial architecture in the conditions of cyclical and digital development of the economy

2021 ◽  
Vol 7 (3) ◽  
pp. 89-102
Author(s):  
Lyazai A. Talimova ◽  
Keyword(s):  
Economic Development ◽  
Financial Markets ◽  
International Monetary System ◽  
Banking System ◽  
Special Importance ◽  
Real Sector ◽  
Financial Architecture ◽  
Monetary System ◽  
Digital Development ◽  
Characteristic Features

The article substantiates the importance and identifies the factors of innovative economic development, among which the special importance of financial architecture is emphasized; summarizes the essence, factors, principles and specific features of financial architecture; reveals the characteristic features of the manifestation and perception of cyclical economic processes and countercyclical regulation; identifies the problems of regulating international financial markets, the role and importance of the banking system in the financial architecture, the interdependence of credit relations and the development of the real sector of the economy; the factors that led to the need to restructure the international monetary system were identified.

THE DEVELOPMENT OF THE BANKING SYSTEM IN POLAND DETERMINED BY THE PROCESSES OF ADJUSTMENT TO THE NORMATIVE AND TECHNOLOGICAL STANDARDS OF THE EUROPEAN UNION AND CONTEMPORARY PROCESSES OF ECONOMIC AND INFORMATIONAL GLOBALIZATION

2018 ◽  
Vol 4 (2) ◽  
pp. 339-367
Author(s):  
Jan Grzegorek ◽  
Dariusz Prokopowicz ◽  
Adrian Chojan ◽  
Mirosław Matosek
Keyword(s):  
Financial Markets ◽  
Capital Flows ◽  
Banking Sector ◽  
Stock Exchange ◽  
International Monetary System ◽  
Banking System ◽  
Economic Transformation ◽  
The European Union ◽  
Market Institutions ◽  
Main Determinants

The current processes of economic and information globalization are mainly related to the successively progressing integration of financial markets, the development of ICT and Internet technologies. The liberalization of capital flows, progressing since the 1970s, was determined by many economic and political factors, including the modification of the international monetary system. The main determinants of economic and information globalization include such processes as liberalization of capital flows, deregulation of international financial markets and progress in the field of ICT. These processes constituted favorable conditions for the reconstruction of the market financial system, including the banking sector in Poland in the 1990s. Since the beginning of the systemic and economic transformation that has been taking place in Poland since 1989, the banking system and capital market institutions have been rebuilt. It referred to the Warsaw Stock Exchange market institutions, taking into account the opening of the economy to foreign capital. Foreign financial corporations taking over domestic banking entities in Poland have introduced their modern transactional and teleinformation technologies and new standards for entering into financial transactions. These processes were the main determinants of economic and information globalization that has been made in Poland since the 1990s.

scholarly journals The Future of Banking System and Economic Development in Nigeria

2015 ◽  
Vol 20 (1) ◽  
Author(s):  
Olu Ajakaiye ◽  
M. Adetunji Babatunde
Keyword(s):  
Economic Development ◽  
Business Model ◽  
Commercial Banks ◽  
Banking System ◽  
Bank Lending ◽  
Real Sector ◽  
The Real ◽  
Access To Credit ◽  
The Future ◽  
Banking Business

This study examined the future of banking system and economic development in Nigeria in the context of the demand following hypothesis. Although, the Nigerian economy has witnessed steady growth, the productive base of the economy is narrow. This therefore requires that banks must engage in an effective financial intermediation process to aid the transformation of the real sector as an engine of growth. However, while the deposits mobilized and assets base of the commercial banks has increased in leap and bounds, the real sector access to credit is on the decline. Rather, the bulk of the funds are invested on government short term securities given their risk free characteristics which reflect the lazy bank syndrome. Prohibitively high cost of credit and existence of hidden charges also inhibit real sector access to commercial banks loan. Hence, to reconnect the banking system with the real sector, there is a need to discourage armchair banking business model and encourage supportive banking business model, lending and secure appropriate maturity profile of loans to the real sectors, promote modified collateral bank lending model, and encourage specialization of bank branches. These are expected to aid the growth of the real sector and fast track the process of economic development in Nigeria.

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 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.

The Whole Alphabet Soup

2018 ◽  
Author(s):  
Louçã Francisco ◽  
Ash Michael
Keyword(s):  
Financial Markets ◽  
Banking System ◽  
Warning Signs ◽  
Decision Makers ◽  
Shadow Banking ◽  
Financial Architecture ◽  
System P ◽  
History Of ◽  
Shadow Banking System ◽  
Great Crash

This chapter begins with a micro-history of the Great Crash of 2007–8. It describes the instruments, transactions, size, and growth of the shadow banking system in the years before the crash. Heralded with widespread affirmation by public decision makers and intellectuals, the new financial architecture received only occasional criticism from within. The chapter describes the construction of the financial system—both the history of its development and how the networks and connections looked on the eve of the crisis. Despite the dangerous warning signs offered by a series of regional crises on the periphery, advocates plowed ahead with certainty that the market could not be wrong. When the crash came, many experts broke briefly with orthodoxy, but most have returned rapidly to their faith in financial markets. A more technical appendix, “The Realm of Shadow Finance: How and How Much” details the shadow banking system.

scholarly journals Bretton Woods 2 system and US balance of payment deficit

2008 ◽  
Vol 60 (1) ◽  
pp. 116-136
Author(s):  
Zaklina Stepanovic-Petrac
Keyword(s):  
International Monetary System ◽  
Financial Architecture ◽  
Bretton Woods ◽  
Monetary System ◽  
International Financial Architecture ◽  
National Currencies ◽  
The Us ◽  
The Usa ◽  
Us Dollar ◽  
Foreign Exchanges

The author explores the evolution, functioning, similarities and differences between the original Bretton Woods international monetary system that operated from 1945 to 1973 and the present modified institution, which is symbolically called Bretton Woods 2 System. The existing international financial architecture keeps on being based on the hegemony of the US dollar, as a dominant reserve currency. However, in spite of the fact that in most cases the present international monetary system implies the regime of flexible foreign exchanges rates, a characteristic of this system is that many countries in different degrees refuse to accept the appreciation of their national currencies to the US dollar. At the same time, the domination of the USA, the most indebted country in the world, is becoming a very serious threat to its sustainability. However, as the author concludes, the creators of the international monetary system, being aware how serious could be the consequences of its cessation, endeavor to extend its operation accepting less expensive consequences of keeping it alive.

scholarly journals International Monetary System and the Emergence of Renminbi

2017 ◽  
Author(s):  
Müslüme Narin ◽  
Alpay Öznazik
Keyword(s):  
Financial Markets ◽  
World Bank ◽  
International Monetary System ◽  
National Currency ◽  
Financial Asset ◽  
Executive Board ◽  
Brics Countries ◽  
Monetary System ◽  
Us Dollar ◽  
Japanese Yen

After the 2008 crisis International Monetary System (IMS) entered a period of change. The system under hegemony of dollar criticized in financial markets with regards to instability and lack of confidence. Whereas IMF argued that the IMS should be restructured in emerging markets, in the report of World Bank it was estimated that in the future of IMS a multipolar multiple currency system which includes Dollar, Euro and Renminbi (RMB) will improve (World Bank, 2011: xii). BRICS countries wanted diversify, especially, the Chinese reserves, but the Executive Board of IMF rejected SDR basket to be expanded until 30 November 2015. With the decision taken on this date, it took Chinese national currency RMB into SDR basket since the date of 1 October 2016. After this decision, the value of SDR has been composed of the sum of the currencies of US dollar, Euro, Chinese RMB (yuan), Japanese yen and pound sterling. Thereby, in SDR basket Chinese national currency ranked thirdly by weight. The purpose this paper is to discuss the ever-increasing importance of Chinese national currency RMB in IMS. In this direction, at first, the formation and development of SDR will be informed, then the direction of RMB towards the SDR basket will be discussed, after that, the appearance of the idea of RMB’s internationalization and the period of internationalization of RMB will be addressed. Finally, an assessment will be made about RMB’s being a means of payment and international financial asset in foreign trade.

scholarly journals DEVELOPMENT OF THE BANKING SECTOR OF UKRAINE IN THE SPACE OF FORMATION OF DESTRUCTIVE CONSEQUENCES OF THE INFLUENCE OF THE GLOBAL FINANCIAL AND ECONOMIC CRISES: ECONOMIC AND LEGAL ASPECTS

THE BULLETIN ◽  
2021 ◽  
Vol 389 (1) ◽  
pp. 137-145
Author(s):  
V. Y. Vovk ◽  
Yu.V. Zhezherun ◽  
V.G. Kostohryz ◽  
V. О. Maliarova
Keyword(s):  
Economic Development ◽  
Financial Markets ◽  
Economic Crisis ◽  
Global Economy ◽  
Banking Sector ◽  
Banking System ◽  
Negative Consequences ◽  
Economic Crises ◽  
The World ◽  
The Impact

The article examines the impact of globalization on the development of the world and national economic systems. The high probability of a global economic recession due to the coronavirus outbreak is projected to have significant consequences for both the global economy and the economy of Ukraine. Due to the probable change in the structure of the world economy and logistics, there is a growing need to study the risks of the national banking system, which demonstrates a high dependence on global financial markets. The peculiarities of the manifestation of financial and economic crises in the conditions of turbulence of the international financial markets and strengthening of financial instability have been considered. The causes and consequences of crises in the banking sector of Ukraine have been studied. The analysis of macroeconomic indicators of economic development of Ukraine during 2006-2019 with identifying of crisis periods has been carried out. Particular attention has been paid to the study of the preconditions for the emergence and consequences of the global financial and economic crisis for the economy of Ukraine in general and the banking sector in particular. Indicators that characterize the degree of penetration of the banking system into the economy of Ukraine have been analyzed, that will determine the features of crises at different stages of socio-economic development and conduct a comparative assessment of anti-crisis measures of the NBU aimed at stabilizing the banking sector. Taking into account the fact that the causes of financial and economic crises are not identical, measures used during the Global Financial and Economic Crisis of 2007-2011 cannot be taken to overcome the negative consequences of the Coronacrisis of 2020. Regulatory aspects of the banking system in times of crisis have been systematized. An attempt to predict the possible development of events in the domestic banking sector in the context of the Coronacrisis of 2020 has been made. The purpose of the article is to study the development trends of the banking sector of Ukraine in the space of formation of the destructive consequences of the global financial and economic crises and to determine the main directions of anti-crisis regulation of banking.

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