scholarly journals The impact of world economic crisis on global currency war

2015 ◽  
Vol 67 (4) ◽  
pp. 391-410
Author(s):  
Pero Petrovic ◽  
Dusko Kostic
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Financial Institutions ◽  
Global Financial Crisis ◽  
World Bank Group ◽  
Financial Flows ◽  
The World ◽  
World Economic ◽  
The Impact ◽  
World Economic Crisis

The article examines how the deepening of the world economic crisis impacts global financial flows and performance of international financial institutions, with focus on two issues: 1) did the decrease of the Euro means the beginning of the global currency war?; 2) is there any sort of banks? ?conspiracy? in the world gold market? Long-term financial crisis demands a decisive reform measure to mend the functioning and structure of the IMF, World Bank Group and other global and regional financial institutions. This means that the outcome of their policies has been inadequate, so far, and that their role is subjected to a critical observation in finding an efficient performance of financial markets. Beijing is becoming more generous lender for a large number of the low-performing countries, offering them the significant support in Yuans due to Chinese geopolitical interests. China and Russia in the field of economic development are strongly complemented: the scope of cooperation is very broad, and there is a strong potential for the establishment of other world currencies, which would suppress the U.S. dollar as the dominant currency in global commodity and financial transactions. The authors conclude that the struggle to increase the competitiveness of the national state, at the expense of others, continues in the era of the deepest global financial crisis.

scholarly journals The Impact of Domestic and Foreign Environment on China’s EconomicDevelopment

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Mengya Cao
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
World Economy ◽  
Industrial Structure ◽  
Negative Impact ◽  
Economic Losses ◽  
The World ◽  
World Economic ◽  
Short Time ◽  
The Impact

In recent years, the financial crisis has affected the economies of all countries in the world. At that time, it seriously restricted the development of the world economy. From a modern perspective, the difficult period of the world economic crisis caused by the financial crisis has passed, but the negative impact of the economic crisis can not be eliminated in a short time. Dispersed, the crisis has brought both opportunities and challenges to the country as well as heavy economic losses. Under the background of economic globalization, only by making a scientific and effective analysis of the world economic situation and keeping up with the trend of the world economy, can we effectively promote the domestic economic development and industrial structure, and enable our economy to develop healthily and substantially.

Nothing ventured nothing gained

2014 ◽  
Vol 30 (4) ◽  
pp. 9-11
Keyword(s):  
Economic Crisis ◽  
Financial Institutions ◽  
Design Methodology ◽  
Reading Time ◽  
Content Type ◽  
The World ◽  
World Economic ◽  
Pertinent Information ◽  
Practical Implications ◽  
World Economic Crisis

Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – With the aftershocks of a world economic crisis still reverberating, a common cry among businesses and entrepreneurs who have the potential to create ventures and jobs is that they just cannot get the necessary funding from financial institutions which, understandly, are less free and easy with their loans than they once were. Throughout the world, a lack of funding has been flagged up as a major hindrance to recovery. Practical implications – The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to digest format.

scholarly journals Effects of the world economic crisis on exports in the CEEC: Focus on the Western Balkans

2013 ◽  
Vol 58 (196) ◽  
pp. 71-98 ◽  
Author(s):  
Predrag Bjelic ◽  
Danijela Jacimovic ◽  
Ivan Tasic
Keyword(s):  
Economic Crisis ◽  
The United States ◽  
Economic Downturn ◽  
Trade Integration ◽  
Western Balkans ◽  
The World ◽  
World Economic ◽  
The Impact ◽  
World Economic Crisis ◽  
The Eu

The world economic crisis that paralyzed the world economy in 2008 and 2009 had a profound impact on all countries in the world. Due to the interconnectedness of national economies the crisis spread rapidly from its centre in the United States to the world. There were two main transmission channels for the spread of the crisis between countries - international trade and the exchange of private capital between states in the form of foreign direct investment (FDI). This economic downturn has greatly influenced the domestic economic stability of the Western Balkan economies. The Western Balkan countries have shaped their economic policy towards European Union (EU) membership, resulting in a high degree of liberalization in international economic relations accompanied by a commitment to free international capital movement. Since this region has close economic ties with the EU the crisis spread to the region very quickly, manifesting itself in decreasing regional exports to the EU market and a downward trend of FDI inflow to the region. This paper will focus on the impact of the world economic crisis on the Western Balkan economies and especially on their exports and FDI inflow. Our empirical analysis, based on panel data, uses a wider sample of Central and Eastern European Countries (CEEC) which includes the Western Balkans, since we wanted to analyze if the effects of the economic crisis in the Western Balkans are specific or are common to most countries in transition. The analysis shows that Western Balkan exports have suffered due to the crisis, but reveals some interesting results on the different dynamics of export flows which depend on regional trade integration for their destination.

scholarly journals A válság hatása a termelési tevékenységre (The impact of crisis on operations strategy and practices)

2011 ◽  
pp. 38-45
Author(s):  
Krisztina Demeter ◽  
Levente Szász
Keyword(s):  
Economic Crisis ◽  
Process Improvement ◽  
Development Process ◽  
Work Force ◽  
Operations Strategy ◽  
Force Development ◽  
The World ◽  
World Economic ◽  
The Impact ◽  
World Economic Crisis

A tanulmány fő célja a gazdasági világválság termelésre gyakorolt hatásainak bemutatása volt a versenyképesség-kutatás adatainak elemzésével. Mivel a vállalatokra a válság különbözőképpen hat, ezért érintettségük alapján a szerzők három csoportba sorolták őket. Az irodalom felhasználásával megfogalmazták a termelési stratégiára és a termelés működési következményeire vonatkozó hipotéziseiket. Eredményeik alapján a válsággal leginkább érintett vállalatok rendelkeznek a legstabilabb termelési stratégiával és gyakorlattal. Ugyanakkor a válság következtében az ár és a szolgáltatások stratégiai szerepe minden vállalatnál erősödött, az innovációé viszont visszaesett. A válság egyik vállalatcsoportnál sem eredményezte a megmaradó munkaerő fejlesztésének ugrásszerű növekedését. A folyamatfejlesztés erősödése, illetve a globális irányba mozdulás csak a legkevésbé érintett csoportnál volt jellemző. ___________________ The objective of this article is to describe the impact of the world economic crisis on operations using the data of the competitiveness survey. Since the crisis affects companies differently, the authors classified them into three groups: the most affected, the moderately affected and the least affected group, accordingly. Relying on the literature they formed hypotheses about the impact of crisis on operations strategy and its everyday operational consequences. Based on the authors’ results the most affected companies have the most stable operations strategy and practices. Nevertheless, due to the crisis the importance of prices and services increased, while the importance of innovation decreased in each group. At the level of everyday practice the crisis has not led to extraordinary increase in work force development. Process improvement and turning to globalization became stronger only in the least affected group.

scholarly journals The role of Ukraine’s economic cooperation with international financial and credit organizations in the context of inclusion of Ukraine to the world economic system

2019 ◽  
Vol 2019 (52) ◽  
pp. 295-308
Author(s):  
Oleksandr Korniyaka
Keyword(s):  
Economic System ◽  
Financial Institutions ◽  
Economic Cooperation ◽  
World Bank Group ◽  
International Financial Institutions ◽  
The World ◽  
Key Factor ◽  
World Economic ◽  
High Level ◽  
The Impact

The article is devoted to the analysis of the history of economic cooperation with the international financial and credit organizations in the context of the development of integration processes regarding the inclusion of the Ukraine's economy to the world economic system. The issues of cooperation of the Ukrainian state with the International Monetary Fund, the World Bank Group, the European Bank for Reconstruction and Development in the direction of financial and credit support for the reform of the public, municipal and private sectors of the economy are investigated. The factors that prevent effective cooperation with the International Financial Organizations are identified and threaten the desire for further integration of the Ukrainian economy into the world economic system, based on the analysis of the amount and purpose of financial and credit resources allocated by the International Financial Organizations. The main negative factors are: political incoherence and lack of awareness of the importance and necessity of Ukraine's cooperation with International Financial Organizations; ineffective work of specialists and employees that involved in the process of developing and implementing projects and programs of Ukraine's cooperation with International Financial Organizations; bureaucracy in the approval of Projects and Cooperation Programs with International Financial Institutions; high level of abuse and opacity of the use of credit facilities of International Financial Institutions; low rates of implementation of Ukraine's Economy Reform Plans and Programs, taking into account the requirements of International Financial Institutions as one of the main components of providing financial and credit assistance. Studies of the impact of international cooperation in the sphere of monetary relations on the process of modernization of Ukraine and its integration into the world economic system have shown that the cooperation of the Ukrainian state with the International Financial Organizations has become a key factor in intensifying integration and modernization processes.

scholarly journals The results of the Survey of Employment in the South Moravian Region in 2009

2011 ◽  
Vol 59 (4) ◽  
pp. 129-136 ◽  
Author(s):  
Ondřej Konečný
Keyword(s):  
Economic Crisis ◽  
National Economy ◽  
Regional Differences ◽  
The South ◽  
The World ◽  
World Economic ◽  
South Moravia ◽  
The Unemployed ◽  
The Impact ◽  
World Economic Crisis

In the second half of 2008, significant impacts of the world economic crisis became evident in the Czech labour market. In 2009, employment and the number of vacancies gradually declined and the number of the unemployed continually increased. This paper aims to show the impact of the crisis on the development (2008–2009) of the structure of employment according to industries and sectors of national economy in South Moravia as revealed by the unique “Survey of Employment in the South Moravian Region on the date of 31 December 2009”. This paper is a presentation of the general parameters of this survey – the number of companies participating in this survey, the number of their employees and regional differences of these characteristics are evaluated. Brief attention is also paid to the expected development of employment in 2010, which is compiled on the basis of the assumed recruitment/release of employees of businesses participating in the survey.

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