scholarly journals Cross-Countries Empirical Analysis Of GCC Financial Systems Instability

2015 ◽  
Vol 32 (1) ◽  
pp. 367
Author(s):  
Hassan Mounir El-Sady
Keyword(s):  
Financial Risk ◽  
Explanatory Power ◽  
Foreign Debt ◽  
Financial System ◽  
International Liquidity ◽  
Goods And Services ◽  
Risk Rating ◽  
Gcc Countries ◽  
Negative Impacts ◽  
The Impact

<p>In literature, the drivers of each of the Gulf Co-operation Council (GCC) country financial system instability did not receive adequate attention to be investigated separately, since the GCC countries are perceived as one Oil &amp; Gas economy with the same financial risk drivers. This paper fills this gap by examining the relative importance of the financial risk drivers for each GCC country capitalizing on time series analysis and utilizing monthly rating of each GCC country’s financial risk driver for the period of Jan. 2000 to Dec. 2013.</p><p> </p><p>This paper argues that the drivers of each GCC’s country financial system instability are different and have unalike explanatory power from one GCC country to another. Meanly, it examines the impact of Foreign Debt Service as a percentage of Exports of Goods and Services (FDS/EGS), Foreign Debt as a percentage of GDP (FD/GDP), Net International Liquidity as months of Import Cover (NIL/IC), Current Account as a percentage of Exports of Goods and Services (CA/EGS), and Exchange Rate Stability (EXRS) on each GCC country financial system instability.</p><p> </p><p>In terms of financial risk rating, results show that NIL/IC has negative impacts on all GCC countries financial risk rating. For financial system instability, results indicate that it is driven by CA/EGS in Qatar, KSA, Oman and UAE, by FD/GDP in Kuwait and Bahrain. In terms of the explanatory power of the GCC financial risk, results revealed that FD/GDP has the highest explanatory power in the case f Kuwait, KSA and UAE, CA/EGS in the case of Qatar and Oman, while the FDS/EGS has the highest explanatory power in the case of Bahrain.</p>

Financial battle against climate change – assessing effectiveness using a scorecard

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Candauda Arachchige Saliya ◽  
Suesh Kumar Pandey
Keyword(s):  
Climate Change ◽  
Financial Risk ◽  
Financial System ◽  
Regulatory Agencies ◽  
Theoretical Frameworks ◽  
Content Type ◽  
Banking Regulations ◽  
And Control ◽  
The Impact ◽  
Practical Implications

Purpose This paper aims to investigate how and to what extent the Fijian sustainable banking regulations or guidelines are designed, communicated, implemented and monitored within the financial system in Fiji. A scorecard is introduced for this purpose to assess the effectiveness of Fiji’s financial battle against climate change (FBACC). Design/methodology/approach This study uses a mixed-method methodology. Data were collected mainly from a survey and supplemented by interviews, observations and documents. The scorecard was developed by building on existing two theoretical frameworks, namely, the Sustainable Banking Assessment and Climate Change Governance Index, to make them more appropriate and practically applicable to less developed financial systems in emerging economies such as Fiji. This FBACC scorecard consists of four perspectives, eight critical factors and 24 criteria. Findings The results show that the overall FBACC score averages 40.75%, and all the perspectives scored below 50%, the benchmark. Only the CF “policy” scored 54.25% because of a high positive response of 82.3% for the “political leadership” criterion. The relative contributions of each perspective in constructing the overall score are distributed as 28%, 25%, 24% and 23% among planning, action, accountability and control, respectively. Research limitations/implications These results were complemented by the information shared during the interviews and confirmed that the existing political initiatives need to be effectively communicated and/or implemented in the financial system by the regulatory agencies. Practical implications This FBACC scorecard can be applied to other underdeveloped systems in emerging countries to assess the effectiveness of the sustainable banking regulations and/or guidelines in those countries in relation to the FBACC. It can also be applied to individual firms to assess their contribution to the FBACC. Originality/value To the authors’ best knowledge, this might be the first study in Fiji that considers the impact of climate-related financial risk on the Fijian financial system.

scholarly journals Perlindungan Hukum terhadap Konsumen dalam Peredaran Barang yang Diproduksi Tidak Sesuai dengan Label

2021 ◽  
Vol 2 (2) ◽  
pp. 384-389
Author(s):  
I Nyoman Gallan Tri Prasuta Purwanta ◽  
Ni Luh Made Mahendrawati ◽  
Ni Made Puspasutari Ujianti
Keyword(s):  
Positive Impact ◽  
The Other ◽  
Legal Research ◽  
Goods And Services ◽  
Other Hand ◽  
Use Of Technology ◽  
Legal Sanctions ◽  
Negative Impacts ◽  
Business Behavior ◽  
The Impact

In this era, the growth of the goods and services industry has had a positive impact. One of the positive impacts is providing sufficient quantity and higher quality demand, as well as there are a lot of alternative choices for consumers to meet their needs. On the other hand, there are also negative impacts, namely the use of technology and the impact of business behavior due to increased competition which has an impact on the consumer community. This study aims to determine whether business actors are responsible for consumer losses related to goods that are not produced in accordance with the label, and to find out what legal sanctions have been imposed on business actors for violations due to inappropriate labels and manufactured goods. This type of research is normative legal research. The results show that the responsibility of commercial actors is related to the mismatch between the label and the goods produced, namely compensation for damage, pollution, and consumption of goods or services. Then, legal sanctions can be imposed for violations of business actors, including imprisonment for a maximum of 5 (five) years or a maximum fine of Rp. 2 billion. Thus, it can be concluded that business actors can be held accountable for the incompatibility of labels with goods that have been produced, and if the violation is too detrimental to consumers, they can be prosecuted in accordance with applicable laws and regulations.

Introduction Marketisation and privatisation in criminal justice: an overview

2020 ◽  
pp. 1-12
Author(s):  
Kevin Albertson ◽  
Mary Corcoran ◽  
Jake Phillips
Keyword(s):  
Criminal Justice ◽  
Public Goods ◽  
Social Enterprise ◽  
Financial Risk ◽  
The State ◽  
Market Forces ◽  
Individual Freedom ◽  
Goods And Services ◽  
Political Project ◽  
The Impact

This chapter outlines the process of political innovation through which governments have coordinated other agencies and sectors to achieve often complex goals, for example, through the transfer of political and/or financial risk, and through attempts to include and motivate non-state organisations in a range of ways. It is this pursuit of innovation which underpins both the reasoning behind privatisation and marketisation, and the continued efforts to manage its consequences, both expected and unforeseen. The essays in this volume consider the scale and impact of marketisation and privatisation in the area of criminal justice. concepts of marketisation are reflections of an increasingly monopolistic neo-liberal hegemony which promises citizens a utopian political project for ensuring individual freedom (subject only to market forces), and private and social enterprise opportunities to bid as the state transforms from provider to auctioneer of public goods and services. This chapter summarises the analyses offered in this edited collection and contextualises these perspectives to develop our knowledge and understanding of the process of privatisation and marketisation, the impact of it and the extent to which newly marketised and privatised services result in ‘justice’.

scholarly journals Environmental Effects of Trade Liberalisation: A Case Study of Pakistan

2007 ◽  
Vol 46 (4II) ◽  
pp. 645-655 ◽  
Author(s):  
Usman Azhar ◽  
Samina Khalil ◽  
Mohsin Hasnain Ahmed
Keyword(s):  
Global Economy ◽  
Industrial Development ◽  
Trade Liberalisation ◽  
Goods And Services ◽  
Positive Effects ◽  
The North ◽  
Major Disadvantage ◽  
Norms And Values ◽  
Negative Impacts ◽  
The Impact

Within today’s global economy countries now trade more intensively and frequently than in the past. Trade has become an increasingly important global economic activity, with annual trade volumes increasing sixteen fold over the last fifty years and the ratio of world exports to Gross Domestic Product (GDP) now approaching twenty percent. With this recent acceleration of global trade, countries throughout the world have benefited from more investment, industrial development, and employment and income growth. Other positive effects include increased mobility of capital, increased ease of movement of goods and services (and information) across national borders as well as the diffusion of global norms and values, the spread of democracy and international environmental and human rights agreements. Critics of trade liberalisation argue that these much-acclaimed advantages of trade liberalisation (and globalisation) often underrate the impact of globalisation on widening the economic gap between the North and the South. Over the years, attention has been given to the advantages of trade liberalisation and globalisation to the detriment of the disadvantages. The major disadvantage that is always swept under the rug is the environmental problem. Recently, however, there has been an increasing concern over the potential negative impacts of trade liberalisation, particularly on the environmental and natural resources of developing countries.

scholarly journals Effect of Additives to Premium on Fuel Consumption

2021 ◽  
Vol 2 (1) ◽  
pp. 11-16
Author(s):  
Raybian Nur
Keyword(s):  
Fuel Consumption ◽  
Alternative Fuels ◽  
Fuel Oil ◽  
High Demand ◽  
Experimental Procedure ◽  
Goods And Services ◽  
Effect Of Additives ◽  
Negative Impacts ◽  
Motorized Vehicles ◽  
The Impact

The use of internal combustion motors has various positive and negative impacts. A large number of motorized vehicles affect the high demand for fuel. Fuel oil is a vital economic object because it dramatically influences the financial entity, namely the increase in goods and services. What can do several things to reduce the high demand for this fuel, namely by looking for alternative fuels or finding fuel economy. The purpose of this study was to determine the impact of adding additives to fuel on fuel consumption. The research method applies an experimental procedure in which the percentage of mixing premium fuel with additives between camphor and eco racing with a content of 1 - 4 grams of additive for each sample tested on a vehicle. The results obtained are adding additives the properties of premium fuels change in terms of fuel consumption where the addition of several types of additives can reduce the rate of fuel consumption. The results obtained are that with the addition of these additives, the fuel consumption becomes more efficient by a difference of approximately 6 ml/minute.

MODERN PROBLEMS OF ACCOUNTING AND ANALYTICAL ENSURING FINANCIAL RESULTS MANAGEMENT

2020 ◽  
Author(s):  
Yuliia Peniak ◽  
◽  
Nataliia Horokhovatska ◽  
Keyword(s):  
Performance Management ◽  
Enterprise Management ◽  
Goods And Services ◽  
Financial Condition ◽  
General Evaluation ◽  
Net Profit ◽  
Business Entities ◽  
Results Management ◽  
Main Components ◽  
The Impact

The main purpose of any enterprise in the market economy is to obtain high financial results. One of the main conditions for the effective functioning of the enterprise is ability to generate profit in the amount that will create the financial basis for further development and expansion of the enterprise, comply with social and material needs, ensure competitiveness in the market of goods and services. The need for accounting and analytical management of financial results stems from needs of owners, the state and employees in information that will enable them to identify patterns and trends in financial results, identify and assess the main factors influencing the process of their creation, distribution and usage, identify reserves and thus increase the level of profitability. Despite the significant scientific contribution in the field of research of financial results of the enterprises, the issue of improvement aims to the accounting and analytical maintenance of management of financial results of the enterprise remains actual. That is why the purpose of the study is to substantiate the theoretical and practical aspects and develop approaches to improving the mechanism of formation of accounting and analytical support for the management of financial results of the enterprise. Accounting and analytical management of financial results of the enterprise is a set of interconnected elements of production and management system, activities carried out by the subject of management, creation of a certain structure, as well as collection, accumulation, storage and analysis of information necessary for effective operation of the enterprise. The main components of the study of accounting and analytical support of financial performance management are the formation of methods of analysis, control and forecasting of financial results, which requires specification of the components of the analytical and controlled process within the organizational and information model. Namely, the formation of reliable information about the financial condition of the enterprise, the analysis of economic indicators of the enterprise is of great importance in the system of general evaluation of business entities. Their research makes it possible to assess the dynamics of the structure of income and expenses, to determine the impact of factors on the company's profit from various activities, as well as to find reserves to increase the net profit of enterprises. Thus, the improvement of accounting and analytical support of enterprise management is based on the use of modern forms, methods and principles that place new demands on the formation of unbiased, complete, timely, clear and useful accounting and analytical information about the enterprise and its financial results.

TRANSFER FİYATLAMA UYGULAMASININ İŞLETME PERFORMANSINA ETKİSİ VE VERGİSEL AÇIDAN DEĞERLENDİRİLMESİ

2014 ◽  
Vol 1 (2) ◽  
pp. 187
Author(s):  
Serdar KUZU
Keyword(s):  
Business Performance ◽  
Transfer Pricing ◽  
Tax Law ◽  
Economic Activities ◽  
Tax System ◽  
Goods And Services ◽  
Tax Legislation ◽  
International Transactions ◽  
The Cost ◽  
The Impact

The size of international trade continues to extend rapidly from day to day as a result of the globalization process. This situation causes an increase in the economic activities of businesses in the trading area. One of the main objectives of the cost system applied in businesses is to be able to monitor the competitors and the changes that can be occured as a result of the developments in the sector. Thus, making cost accounting that is proper according to IAS / IFRS and tax legislation has become one of the strategic targets of the companies in most countries. In this respect, businesses should form their cost and pricing systems according to new regulations. Transfer pricing practice is usefull in setting the most proper price for goods that are subject to the transaction, in evaluating the performance of the responsibility centers of business, and in determining if the inter-departmental pricing system is consistent with targets of the business. The taxing powers of different countries and also the taxing powers of different institutions in a country did not overlap. Because of this reason, bringing new regulations to the tax system has become essential. The transfer pricing practice that has been incorporated into the Turkish Tax System is one of the these regulations. The transfer pricing practice which includes national and international transactions has been included in the Corporate Tax Law and Income Tax Law. The aim of this study is to analyse the impact of goods and services transfer that will occur between departments of businesses on the responsibility center and business performance, and also the impact of transfer pricing practice on the business performance on the basis of tax-related matters. As a result of the study, it can be said that transfer pricing practice has an impact on business performance in terms of both price and tax-related matters.

Analyzing the impact of financial momentum on the development of the economy

2020 ◽  
Vol 26 (2) ◽  
pp. 299-315
Author(s):  
V.V. Smirnov
Keyword(s):  
Financial Regulation ◽  
Systems Approach ◽  
Financial System ◽  
Modern Economic ◽  
And Performance ◽  
The Interest Rate ◽  
National Economies ◽  
Economic Ties ◽  
The Impact ◽  
Global Financial System

Subject. The article discusses the momentum in finance. Objectives. The study reveals the impact of financial momentum as the unity of antipodes in the development of the national economy. Methods. The study is based on a systems approach and methods of descriptive statistics. Results. I discover the ultimate goal of globalization, i.e. the substantive simplification of national economies and strengthening of global economic ties. The goals determine the logic tendency of national economies for reducing the interest rate so as to gain the financial momentum and, consequently, fanning the crisis risk in the global financial system. The global financial system became the substance of global economic processes, which determined development opportunities of national economies. I reveal what countries have the high and low financial momentum. Conclusions and Relevance. Being the unity of antipodes in the modern economic development, financial momentum causes countries to lose their economic identity, making them just functions of the global financial system. The cyclical development model of national economies is replaced with the metron model that rests on fluctuating advanced economies with the low financial momentum at its bottom and emerging economies at its top. The findings crystallize the concept and new competencies for a person who decide on the determination and performance of financial regulation activities.

To Study the impact of Gabbar Singh tax or Goods & services tax for Restaurant and Food Services Business in India

2019 ◽  
Vol 118 (12) ◽  
pp. 32-48
Author(s):  
Mr. Arun Gautam ◽  
Dr. Saurabh Sharma ◽  
CA Narendra Kumar Bansal
Keyword(s):  
State Level ◽  
The State ◽  
Assessment Framework ◽  
Food Services ◽  
Goods And Services ◽  
Single Tax ◽  
The Impact

GST that is Goods and Services Tax has been in compel since first July, 2017 and which is, in constrain on numerous countries globally and they all were thinking about it as their business assessment framework. The principle reason for GST is to realize single tax on products at both centre and the state level in the nation.

Financial Risks of the Bank: Assessment and Mechanism of Neutralization

2020 ◽  
Vol 22 (1) ◽  
pp. 6-12
Author(s):  
Nelia Volkova ◽  
◽  
Alina Mukhina ◽  
Keyword(s):  
Risk Assessment ◽  
Financial Stability ◽  
Financial Risk ◽  
Stable Operation ◽  
Financial Risks ◽  
Negative Consequences ◽  
Conceptual Approach ◽  
Relevant Today ◽  
Banking Institution ◽  
The Impact

Abstract. Introduction. The issue of financial risk management of commercial banks is quite relevant today, because the activity of banks is the most risky of all. The presence of risks in banking can lead to unexpected losses, namely the loss of own resources. That’s why for the stable operation of the bank without loss the priority is to assess the financial risks, which is the basis for their further neutralization. Purpose. The purpose of the article is to develop conceptual provisions for assessment financial risks and justifying the need to neutralize them. Results. The article analyzes the impact of risks on the financial stability of a banking institution. The main methods of bank risk assessment are considered. All these include the statistical method, the analytical method, the expert method, the analogue method and the combined method. The necessity of neutralization of financial risks in order to avoid negative consequences is substantiated. Also the methods of bank risks neutralization are considered. It should be noted that these methods of neutralization can not only be used, but also supplement the list with new methods must be done, which in the future will protect the bank from the influence of undesirable factors. A conceptual approach to the assessment and neutralization of financial risks is proposed. This conceptual approach aims to ensure effective assessment of the level of risk with their subsequent neutralization Conclusions. Use of a conceptual approach will allow an effective risk assessment and decision-making to avoid or accept risk. Thanks to using this approach, the banking institution will be able to react swiftly to the presence of financial risks and to prevent the occurrence of negative consequences, which may lead to a violation of the financial stability of the bank.

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