scholarly journals Non-performing loans decision making in the Romanian banking system

2018 ◽  
Vol 13 (1) ◽  
pp. 761-776 ◽  
Author(s):  
Ionuț-Daniel Pop ◽  
Nicoleta Chicu ◽  
Andrei Răduțu
Keyword(s):  
Decision Making ◽  
Unemployment Rate ◽  
Generalized Method Of Moments ◽  
Banking System ◽  
Current Paper ◽  
Banking Systems ◽  
Depth Analysis ◽  
The World ◽  
Qualitative Variables ◽  
Dynamic Panel Regression

Abstract Non-Performing Loans (NPLs) are representing nowadays one of the main challenges for the banking systems all over the world. Therefore, a sustainable decision-making process should be implemented, for minimizing the effects of credit risk. The current paper uses a dynamic panel regression model to present the determinants of NPLs for the largest five banks of the Romanian Banking System during 2007-2016. A Generalized Method of Moments (GMM) regression is used and defined under three different types of variables: bank specific indicators, macroeconomic indicators and qualitative variables. Other studies illustrated also the determinants of NPLs in various banking systems from all around the world, such as Japan, China or several CEE countries (especially the emergent ones). After an in-depth analysis of the literature and Romanian market, the following variables were found to be relevant and were introduced into a dynamic data panel model: unemployment rate, annual average growth rate of gross domestic product, return on equity (ROE), loan to deposit ratio (LTD). The existing literature presents ROE as having a negative impact on NPLs, unemployment rate being positive correlated with NPLs and a negative relationship between economic growth and such loans. Our contribution to the current literature is represented by the introduction of two additional qualitative variables (Board Risk Management Ratio (BRMR), as the proportion of risk managers within the Board of Directors of each bank in question and the Expert Aggregate Priority Vector (EAPV), as the aggregated perceived risk regarding the NPLs). The decision of introducing these variables relies on previous research made in this area, results being validated by experts from the Romanian Banking System, according to the BASEL III and NBR criteria. The results of the current paper are consistent with the existent literature, the correlations and impact of the variables being relevant for the subject matter.

Capital market development and bank efficiency: a cross-country analysis

2019 ◽  
Vol 15 (4) ◽  
pp. 478-491 ◽  
Author(s):  
Thanh Ngo ◽  
Tu Le
Keyword(s):  
Causal Relationship ◽  
Capital Market ◽  
Banking System ◽  
Market Development ◽  
Banking Efficiency ◽  
Content Type ◽  
Banking Systems ◽  
Global Banking ◽  
The World ◽  
The Capital Market

Purpose The purpose of this paper is to empirically investigate the causal relationship between banking efficiency and capital market development in 86 countries between 2006 and 2011. Design/methodology/approach The authors follow the two-stage framework: data envelopment analysis (DEA) with the use of financial ratios is used to arrive at efficiency scores of the banks in the first stage. Thereafter, those efficiency scores will be linked with the development level of the capital markets of the corresponding country in the second stage using the generalised method of moments in a simultaneous equations model. Findings The authors found that banking systems around the world were still inefficient, suggesting that it would take time for the global banking system to recover after the global financial crisis 2007/2008. More importantly, the findings demonstrated that the larger the capital market is, the less efficient its banking system would be. In contrast, banking efficiency can positively influence the development of the capital market. Research limitations/implications The data are unbalanced and limited to 86 countries; the study did not analyse the productivity change over time of those banking systems; and it would be useful to test the first-stage DEA with different sets of variables as well as different assumptions. Practical implications The paper suggests that for any economy around the world, an improvement in banking performance and efficiency rather than capital market development should be a priority, alongside with monitoring inflation. Originality/value The paper provides an unbiased analysis of the causal relationship between the banking sector and the capital market.

scholarly journals Bringing Together Economics and Psychology: Theoretical and Practical Aspects (Nobel Prize in Economics 2017)

2018 ◽  
Vol 12 (2) ◽  
pp. 98-109
Author(s):  
D. I. Simochkin
Keyword(s):  
Decision Making ◽  
Nobel Prize ◽  
Social Preferences ◽  
Economic Science ◽  
Economic Agents ◽  
The Past ◽  
Economic Decision Making ◽  
Depth Analysis ◽  
The World ◽  
World Economic

Behavioral economics is a field of research, where the analytical possibilities of psychology science are applied to the analysis of economic decision-making. This approach allows more in-depth analysis of the decision-making process of economic agents and opens up new opportunities for research aimed at increasing overall social benefits.This article examines the studies of Richard Thaler, noted by the Nobel Prize in Economics in 2017, devoted to the study of three psychological features of economic man which systematically affect the behavior of economic agents: limited rationality, the perception of justice (social preferences), and the problem of selfcontrol.Using the system approach, the author sets a goal to carry out a complex analysis of the theoretical, methodological and practical works of the Nobel Prize Laureate, that have received world recognition. The attention is also focused on the awarded Nobel Prize in connection with the peculiarities of the Nobel Committee’s policy of awarding that has been formed over the past few years, within the framework of the development of the world economic science.The article systematizes Thaler’s scientific contribution to economics. In addition, it concludes that awarding of the Nobel Prize in 2017 fits into the overall picture of awards in the last few years. At the same time, it notes one of the main directions of the Nobel Committee’s activities related to the “definition” of such research results and programs that could rehabilitate economic science after the past economic crisis and prevent further increase in the uncertainty of the world economic system. 

scholarly journals Geo-financial stability of the global banking system

2020 ◽  
Vol 15 (4) ◽  
pp. 164-178
Author(s):  
Galina Gospodarchuk ◽  
Nataliya Amosova
Keyword(s):  
Financial Stability ◽  
Banking System ◽  
System Stability ◽  
Qualitative Assessment ◽  
Global Level ◽  
Banking Systems ◽  
Global Banking ◽  
The World ◽  
And Cluster Analysis ◽  
Analytical Tools

The development of globalization creates a need for diagnosis of financial stability at the global level. This study aims to analyze the financial stability of the global banking system and identify threats to stability at the level of geographic regions and countries. The study uses the methods of a structured system, comparative and cluster analysis. The empirical study is based on World Bank data for 126 countries for the period 1998–2017. One of the key results of the study is the development of quantitative indicators of the financial stability of the world banking system. These indicators differ from the existing ones due to the predictive nature of the former. The study also proposes criteria of qualitative assessment of the level of financial stability of the world banking system and its individual elements in the form of regional and national banking systems. In addition, appropriate algorithms were developed to calculate the proposed indicators and criteria. The results helped to form clusters of countries in terms of the level of their banking system stability, compile maps of financial stability risks at the global level, and identify countries that are sources of potential threats to financial stability. The empirical part of the study confirms the practical applicability of the proposed analytical tools. The study shows that in 2017, the banking system of Asian countries moved to the high-risk zone. Potential threats to the financial stability of the global banking system come from the European and Asian banking systems, as well as from the Australian banking system. AcknowledgmentThe study was funded by the RFBR according to the research project No 18 010 00232 “A methodology of multilevel system of diagnostics and regulation of financial stability” year 2018–2020.

scholarly journals Fintech Credit and Bank Efficiency: International Evidence

2021 ◽  
Vol 9 (3) ◽  
pp. 44
Author(s):  
Tu D. Q. Le ◽  
Tin H. Ho ◽  
Dat T. Nguyen ◽  
Thanh Ngo
Keyword(s):  
Positive Impact ◽  
Negative Relationship ◽  
Banking System ◽  
Bank Efficiency ◽  
Banking Systems ◽  
International Evidence ◽  
Global Banking ◽  
The World

The expansion of fintech credit around the world is challenging the global banking system. This study investigates the interrelationships between the development of fintech credit and the efficiency of banking systems in 80 countries from 2013 to 2017. The findings indicate a two-way relationship between them. More specifically, a negative relationship between bank efficiency and fintech credit implies that fintech credit is more developed in countries with less efficient banking systems. Meanwhile, a positive impact of fintech credit on the efficiency of banking systems suggests that fintech credit may serve as a wake-up call to the banking system. Therefore, fintech credit should be encouraged by the authorities around the world.

scholarly journals SOSIALISASI PERKEMBANGAN KARIR BIDANG AKUNTANSI PADA ERA DIGITAL DI SMK MITRA BATIK KOTA TASIKMALAYA, INDONESIA

2020 ◽  
Vol 3 (01) ◽  
Author(s):  
Ulfa Luthfia Nanda ◽  
Gista Rismayani ◽  
Intan Rahayu
Keyword(s):  
Decision Making ◽  
Unemployment Rate ◽  
World Economy ◽  
Industrial Revolution ◽  
The Other ◽  
Business Sector ◽  
Digital Era ◽  
The World ◽  
The Face ◽  
Technological Developments

This activity is motivated by technological developments that affect to science, especially in the field of accounting. The development of this technologi indirectly affects the economy and business sector, where at this time the work carried out by human began to be displaced by machines. The accounting profession is still very much needed because it is related to its function in decision making and as a controller. On the other hand, in 2018 the unemployment rate in West Java Province was recorded to increase which was dominated by SMK graduates. The purpose of this activity is to increase knowledge, understanding and provision in preparing student for digital era. The method used in this activity is socialization in the form of providing material about the development of the digital era (industrial revolution), the face of the world economy, the development of accounting in the future. The results achieved through this activity are increasing students� knowledge and insights about the digital developments that occur and helping to increase student awareness of preparing themselves to become graduates who are accepted by the job market.Keywords: socialization; career; accounting field�AbstrakKegiatan ini dilatarbelakangi oleh perkembangan teknologi yang berpengaruh terhadap ilmu pengetahuan terutama bidang akuntansi.Perkembangan teknologi ini secara tidak langsung berpengaruh terhadap perekonomian dan sektor bisnis, dimana saat ini pekerjaan yang dilakukan oleh manusia mulai tergeser oleh mesin. Profesi bidang akuntansi hingga saat masih sangat dibutuhkan karena terkait fungsinya dalam pengambilan keputusan dan sebagai pengendali. Di sisi lain, pada tahun 2018 angka pengangguran di Provinsi Jawa Barat tercatat meningkat yang di dominasi oleh lulusan SMK. Tujuan pengabdian masyarakat ini untuk menambah� pengetahuan, pemahaman dan bekal dalam mempersiapkan diri bagi siswa jurusan akuntansi dalam menghadapi era digital. Metode yang digunakan pada pengabdian kepada masyarakat yaitu sosialisasi berupa pemberian materi tentang perkembangan era digital (revolusi industri), wajah aplikasi ekonomi dunia, perkembangan akuntansi di masa depan. Hasil yang dicapai melalui kegiatan ini adalah meningkatkan pengetahuan dan wawasan siswa tentang perkembangan digital yang terjadi serta membantu meningkatkan kesadaran siswa mempersiapkan diri agar menjadi lulusan yang diterima pasar kerja.

scholarly journals Денежно-кредитная политика банка Японии в условиях глобального кризиса

2020 ◽  
Vol 55 (2) ◽  
pp. 30-38
Author(s):  
Maria E. Gorchakova
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Banking System ◽  
Japanese Economy ◽  
Economic Damage ◽  
Production Volume ◽  
Total Production ◽  
Banking Systems ◽  
The World ◽  
Bank Of Japan

Мировая банковская система непрерывно развивается и совершенствуется. Банковские системы отдельных стран модифицируются под влиянием интеграции финансовых отношений государств мира и глобализации в сфере банковского дела. Экономика Японии получила широкое развитие в период так называемого «экономического чуда», во время которого Япония стала второй страной в мире по общему объёму производства, занимая третье место по экспорту продукции. Быстрыми темпами развивается непроизводственный сектор Японии: сфера услуг, финансы, научно-исследовательская деятельность. Статья посвящена изучению деятельности центрального банка Японии – одного из ведущих мировых финансовых институтов. Выделены организационные принципы функционирования Банка Японии. Рассмотрены три руководящих принципа управления, используемых Банком Японии в процессе его деятельности для выполнения роли центрального банка и достижения таких целей, как поддержание ценовой стабильности и содействие экономическому росту в стране. Банк Японии, будучи первым звеном банковской системы страны, реализует денежно-кредитную политику, применяя комплекс мер, направленных на управление совокупным спросом через условия денежного рынка. В статье отражены инструменты денежно-кредитной политики, применяемые Банком Японии для обеспечения стабильности экономического развития страны. Особое внимание уделяется мерам, предпринятым Банком Японии в связи с кризисом, вызванным пандемией коронавируса COVID-19. Речь идёт о поддержке компаний, пострадавших от последствий коронавируса COVID-19, включая предоставление беспроцентных займов, выдачу гарантий по кредитам малому и среднему бизнесу, пострадавшему от пандемии, субсидии по переводу бизнеса в онлайн. Банк Японии планирует использовать пакет фискальных и монетарных антикризисных мер для поддержки экономики страны. Реализация мероприятий необходима для ограничения экономического ущерба от кризисных явлений, вызванных коронавирусом COVID-19, и сглаживания волатильности рынков. Актуальность исследования обусловлена тем, что в условиях финансовой глобализации необходимо учитывать опыт зарубежных банковских систем, особенно в ситуации мирового кризиса, затронувшего экономики всех стран. Ключевые слова: мировая банковская система, глобализация, банковское дело, Япония, центральный банк, денежно-кредитная политика, операции на открытом рынке, экономическая активность, ликвидность, COVID-19, финансовый кризис, антикризисные меры. The world banking system is constantly developing and improving. The banking systems of individual countries are modified under the influence of the integration of financial relations between the countries of the world and globalization in bank-ing. The Japanese economy was widely developed during the period of the so-called «economic miracle», during which Japan became the second country in the world in total production volume, ranking third in the export of products. The non-manufacturing sector of Japan is developing rapidly: the service sector, finance, and research. The article is devoted to the study of the activities of the Central Bank of Japan – one of the leading global financial institutions. The organizational principles of the Bank of Japan are highlighted. Three management principles used by the Bank of Japan in the course of its activities to fulfill the role of the central bank and achieve goals such as maintaining price stability and promoting economic growth in the country are considered. The Bank of Japan, being the first link in the country's banking system, implements monetary policy by applying a set of measures aimed at managing aggregate demand through money market conditions. The article reflects the monetary policy instruments used by the Bank of Japan to ensure the stability of the country's economic development. Particular attention is paid to the measures taken by the Bank of Japan in connection with the crisis caused by the pandemic of the coronavirus COVID-19. It is about supporting companies affected by the consequences of the coronavirus COVID-19, including providing interest-free loans, issuing guarantees for loans to small and medium-sized businesses affected by the pandemic, subsidies for transferring business online. The Bank of Japan plans to use a package of fiscal and monetary anti-crisis measures to support the country's economy. Implementation of measures is necessary to limit the economic damage from the crisis caused by the coronavirus COVID-19, and to smooth out the market volatility. The relevance of this study is due to the fact that in the context of financial globalization, it is necessary to take into account the experience of foreign banking systems, especially in the situation of the global crisis that affected the economies of all countries. Keywords: world banking system, globalization, banking, Japan, central bank, monetary policy, open market operations, economic activity, liquidity, COVID-19, financial crisis, anti-crisis measures.

Medical Diagnosis from a Clinician’s Point of View

1978 ◽  
Vol 17 (01) ◽  
pp. 28-35
Author(s):  
F. T. De Dombal
Keyword(s):  
Decision Making ◽  
Data Analysis ◽  
Computer Science ◽  
Medical Diagnosis ◽  
Information Science ◽  
Point Of View ◽  
Joint Research ◽  
The World

This paper discusses medical diagnosis from the clinicians point of view. The aim of the paper is to identify areas where computer science and information science may be of help to the practising clinician. Collection of data, analysis, and decision-making are discussed in turn. Finally, some specific recommendations are made for further joint research on the basis of experience around the world to date.

2008 Economy Results: The End of the "Fat" Years

2009 ◽  
pp. 4-25 ◽  
Author(s):  
B. Zamaraev ◽  
A. Kiyutsevskaya ◽  
A. Nazarova ◽  
E. Sukhanov
Keyword(s):  
Economic Crisis ◽  
National Economy ◽  
Banking System ◽  
Housing Markets ◽  
Transmission Mechanism ◽  
Economic Conditions ◽  
Basic Change ◽  
Russian Economy ◽  
The World

The article analyzes the current economic conditions in Russia. Succession, distribution and the transmission mechanism of the world financial and economic crisis to the Russian economy are considered in this article as well as the changes in the banking system, share and housing markets. Production, consumption and investment on the boundary of 2008-2009 are described. The conclusion about the basic change of conditions of national economy development is presented.

Bankers and politicians: mutual interests and contradictions (the historical experience of different countries)

2018 ◽  
Author(s):  
Ирина Юдина ◽  
Irina Yudina
Keyword(s):  
Political Science ◽  
Political Institutions ◽  
Economic History ◽  
Banking System ◽  
Main Idea ◽  
The Political ◽  
Historical Experience ◽  
Banking Systems ◽  
Analysis Tools ◽  
Political Game

This work is an attempt to explain the political roots from which banking systems have evolved in different countries and how they have evolved at different times. For this purpose, materials and analysis tools from three different disciplines were used: economic history, political science and Economics. The main idea that is set out in this paper is the statement that the strength and weakness of the banking system is a consequence of the Great political game and that the rules of this game are written by the main political institutions.

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