scholarly journals КОНЦЕПТУАЛЬНІ ПОЛОЖЕННЯ РОЗГЛЯДУ СУТНОСТІ ДЕФІНІЦІЙ «ІННОВАЦІЯ», «ФІНАНСОВА ІННОВАЦІЯ» ТА «КРЕДИТНА ІННОВАЦІЯ»

2019 ◽  
pp. 320-333
Author(s):  
Maksym Dubyna ◽  
Iryna Sadchykova ◽  
Natalia Chiipesh
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Financial Innovation ◽  
Financial Sector ◽  
Qualitative Change ◽  
Theoretical Approaches ◽  
Definition Of ◽  
Similarity And Difference ◽  
Credit Institutions

Within the article, theoretical approaches to the definition of "innovation", "financial innovation" and "credit innovation" are studied, their similarity and difference are revealed. Peculiarities of the interpretation of the term "innovation" proposed by different researchers are revealed, and their interpretations are submitted. Theoretical aspects of the essence of financial inno-vations used in the financial sector are researched, and their characteristics is given. Financial innovation is defined as a cer-tain innovation or qualitative change in the activities of financial markets and financial institutions. The essence of "credit inno-vations" is analyzed, and the main strategies for their implementation in credit institutions are presented.

scholarly journals The Institutional Financial Market’s Infrastructure: Theoretical and Practical Aspects

2021 ◽  
Vol 25 (1) ◽  
pp. 130-135
Author(s):  
Natalia Sirenko ◽  
◽  
Olena Bodnar ◽  
Nataliia Shyshpanova ◽  
◽  
...  
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Financial Institutions ◽  
Mixed Model ◽  
Financial System ◽  
Real Economy ◽  
Stage Of Development ◽  
Theoretical Approaches ◽  
Definition Of ◽  
Current Stage

Annotation. Introduction. The relevance of the study is conditioned to the significant influence of modern financial markets on the real economy and social development as a whole. Purpose. The purpose of the article is to generalize the theoretical provisions for determining the model of the financial market, highlighting the elements of the financial market infrastructure, analysis of the development of the domestic financial market. Results. We have done the characteristic of the current stage of the financial system’s and financial market’s development. Denotes the inhomogeneity of the existing theoretical approaches to the definition of a financial market and its structural classification, with emphasis on the importance of the institutional component. We have done the analysis of the different models (types) of the financial system and financial markets and the factors determining the use of these models in different countries. Background of selection of so-called mixed model of the financial system in Ukraine are systematized, when equal opportunities and rights, with no serious legislative restrictions and financial transactions are carried out banking and non-banking financial institutions. The current stage of development of the domestic financial market is characterized by a dominant share of universal banks, but the industry non-bank financial institutions has also received its development, which generally creates a competitive environment for all market participants. At the same time, certain non-bank credit institutions, recently appeared on the market and very dynamic, require special attention from the mega-regulator. Conclusions. In this regard, we have done the conclusion about the need to improve legislation in the field of financial markets and to ensure an acceptable level of control. Keywords: financial market; financial system; banking and non-banking financial institutions.

Unregulated Use of Blockchain Technologies in the Financial Markets

2021 ◽  
pp. 180-202
Author(s):  
Nataliya A. Amosova ◽  
Anna Yu. Kosobutskaya ◽  
Olga V. Luskatova ◽  
Annie V. Ravohanginirina
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
New Technologies ◽  
Correct Solution ◽  
Technology Usage ◽  
Blockchain Technology ◽  
Credit Institutions

The chapter studies the problem of a possible influence of the unregulated use of blockchain technology on financial markets and regulation. The authors proceed from the assumption that development of new technologies used in financial markets is of great importance and, at the same time, see a threat to the stable functioning and regulation of financial institutions, primarily credit institutions. The correct solution of the question of the necessity and the limits of regulation of the blockchain technology usage in financial markets, in the authors' opinion, should be considered a factor of the financial markets' competitiveness improving.

Financial Structure and Incentives

2012 ◽  
Vol 221 ◽  
pp. R23-R30
Author(s):  
Martin Čihák ◽  
Asli Demirgüç-Kunt
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Risk Taking ◽  
Global Financial Crisis ◽  
Financial Sector ◽  
Financial Systems ◽  
Regulatory Approach ◽  
Private Incentives ◽  
The Global Financial Crisis

The article connects two streams of recent research on the financial sector. The first is the regulation literature, which emphasises the central role of incentives in the financial sector. It points out that the challenge of financial sector regulation, highlighted by the global financial crisis, is to align private incentives with public interest without taxing or subsidising private risk-taking. The second stream of research relates to financial structures and examines the mix of financial institutions and financial markets in an economy. It finds that, as economies develop, services provided by financial markets become comparatively more important than those provided by banks. The article brings these two streams together, pointing out that — as financial systems develop from bank-based to market-based — a traditional regulatory approach that relies on banking ratios becomes less effective. There is thus a greater need for properly monitoring and addressing the underlying incentive weaknesses in market-based systems.

scholarly journals SCIENTIFIC APPROACHES TO THE CLASSIFICATION OF INNOVATIONS OF CREDIT INSTITUTIONS

2020 ◽  
pp. 155-162
Author(s):  
Natalia Mikolaivna Chiipesh ◽  
Keyword(s):  
Financial Services ◽  
Scientific Literature ◽  
Total Income ◽  
Theoretical Approaches ◽  
Main Factors ◽  
Definition Of ◽  
Implementation Of Innovations ◽  
The Impact ◽  
Credit Institutions

Abstract.Сredit institution is an important component of the country’s financial market, and lending is one of the priority places, as income from its implementation is the main share of the total income of the financial institution.Today, credit institutions are actively involved in the process of digitalization of the financial services market, developing new products for their customers. One of the main factors of successful lending is the introduction of innovations in the process of providing services by credit institutions. Therefore, it becomes important to study the areas of innovation of credit institutions, deepening the theoretical and methodological provisionsfor studying their nature, typesandfeatures of developmentand implementation of innovations in the work.The articles explore theoretical approaches to the definition of "innovation", "financial innovation". Credit innovation is singled out as a separate economic category.A study of the available in the scientific literature defined the concept of "credit innovation" asthe main object. It is analyzed that innovations in the credit services market are the result of effective innovation. It is determinedthat during scientific classes the attention of researchers is paid to the study of various aspects of credit institution’s innovations, but currently there is no generally accepted classification of creditinnovations. With this in mind, the article formulates and groups the classification features of credit innovations, namely by time, by reasons of origin, by scope, by the impact of innovation on consumer behavior, by scope, by research, by the pace of implementation, the effectiveness, efficiency and depth of changes. On these grounds, the types of innovations of credit institutions are identified and their significance is substantiated.

Part VII International Securities, Including Markets and Clearing Systems, 23 Hong Kong Markets and Exchanges

2021 ◽  
Author(s):  
Arner Douglas W ◽  
Gibson Evan C ◽  
Hsu Berry F C
Keyword(s):  
Hong Kong ◽  
Financial Markets ◽  
Financial Institutions ◽  
Financial Sector ◽  
Economic Downturn ◽  
International Level ◽  
Capitalist System ◽  
Basic Law ◽  
Principal Standards ◽  
Derivatives Markets

This chapter describes the main elements of the current financial sector activity in Hong Kong and the conditions under which they function. It highlights Hong Kong's financial markets and economy that have suffered an economic downturn following the 2019 protests and sustained by the Covid—19 pandemic. It also mentions how Hong Kong implements the principal standards and reforms adopted at the international level, particularly in relation to the resolution of Global Systemically Important Financial Institutions (G—SIFIs). This chapter provides an overview of the monetary, banking, equity, debt, insurance, and derivatives markets in Hong Kong. It talks about Hong Kong's de facto constitution, the Basic Law, which aids the economy in maintaining its capitalist system for fifty years from 1 July 1997.

Shedding Light on Shadow Banking

2018 ◽  
Vol 82 (3) ◽  
pp. 264-276
Author(s):  
Doron Goldbarsht
Keyword(s):  
Financial Markets ◽  
Money Laundering ◽  
Financial Institutions ◽  
Financial System ◽  
Financial Sector ◽  
Shadow Banking ◽  
International Network ◽  
Payment Mechanisms ◽  
The Relationship ◽  
Global Financial System

Excessive regulatory practices to combat anti-money laundering (AML) have the potential to ‘de-bank’ entire regions and deprive certain communities of their participation in traditional financial markets. While protecting the integrity of the global financial system and shutting down some illicit activities, this may also facilitate the development of alternative remittance systems (ARSs) and payment mechanisms, the so-called shadow banking systems, where AML compliance is not adequate. This article will critically re-examine the relationship between the overregulation of financial markets and the shift to ARSs. It will propose a new take on ARS to include illicit activities through an international network of financial institutions and the need for the regulators to consider a better methodology for detecting ARSs outside the conventional financial sector to deal with this problem.

scholarly journals The impact of economic development on the efficiency of the financial sector

Ekonomika ◽  
2021 ◽  
Vol 67 (3) ◽  
pp. 107-117
Author(s):  
Milica Cvetković ◽  
Maja Cogoljević ◽  
Marija Ranđelović
Keyword(s):  
Economic Development ◽  
Financial Markets ◽  
Market Economy ◽  
Financial Institutions ◽  
Financial System ◽  
Financial Sector ◽  
Transition Countries ◽  
Financial Systems ◽  
Production And Consumption ◽  
The Impact

A stable financial sector creates economic development. Speculative actions in financial markets cause disturbances and are an indicator of economic instability. The growth of a modern market economy more than two centuries ago is interconnected with the growth of the financial system. The averment that there is a connection between the growth of the financial and real sectors of the economy is as old as economics science. A developed financial system encourages competition, expands the market, and increases the efficiency of financial institutions. The depth and the breadth of financial markets are growing, which are transmission to the performance and structure of the economy. Through linking savings and investments, the financial system controls and manages the risks that are characteristic of financial operations and facilitates the interaction of production and consumption. The financial systems of transition countries are not sufficiently developed, so this paper aims to point out the interconnectedness and impact of the financial system on macroeconomic stability.

Reforms in Non-bank Financial Intermediaries

1994 ◽  
Vol 19 (4) ◽  
pp. 41-48
Author(s):  
R J Mody
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Financial Sector ◽  
Financial Intermediaries

Reforms in the financial sector would mean changes in financial institutions and financial markets. Financial institutions can be classified into banks and non-bank financial intermediaries. In this article, R J Mody focuses on reforms in the area of non-bank financial intermediaries.

МЕТОДОЛОГІЧНІ ПРОБЛЕМИ ДОСЛІДЖЕННЯ СОЦІАЛЬНОГО ІНТЕЛЕКТУ ДІТЕЙ МОЛОДШОГО ШКІЛЬНОГО ВІКУ

1970 ◽  
Vol 8 (1) ◽  
pp. 119-126
Author(s):  
Марина Орап
Keyword(s):  
Social Interaction ◽  
Social Intelligence ◽  
Social Situation ◽  
Verbal Response ◽  
Primary School Children ◽  
School Age ◽  
Theoretical Approaches ◽  
The Social ◽  
Definition Of ◽  
Interpersonal Situations

У  статті  висвітлено  методологічні  та  практичні  засади  вивчення  онтогенезу  соціального  інтелекту. Складність вивчення даного соціально-психологічного феномену пов’язана із дотичністю його  до багатьох явищ, які описують умови успішності соціальної взаємодії особистості. Проаналізовано наявні  теоретичні   підходи   до   визначення   змісту   та   структури  соціального  інтелекту,   до   взаємозв’язку  останнього  з  іншими  видами  інтелекту.  Визначено,  що  дослідження  соціального  інтелекту  молодших  школярів слід здійснювати на основі розуміння останнього як здатності, що виникає на базі комплексу  інтелектуальних,   особистісних,   комунікативних   і   поведінкових   рис,   що   зумовлюють   прогнозування  розвитку  міжособистісних  ситуацій,  інтерпретацію  інформації  і  поведінки,  готовність  до  соціальної  взаємодії і прийняття рішень. Здійснене пілотажне емпіричне дослідження прогностичних можливостей  дітей  молодшого  шкільного  віку  продемонструвало  наявні  позитивні  кореляційні  зв’язки  між  рівнем  розвитку здатності до передбачення найбільш адекватного сценарію розвитку подій у соціальній ситуації  та рівнем розвитку мовленнєвого досвіду. Найбільш тісний взаємозв’язок виявлено між рівнем розвитку  здатності  передбачати  адекватну  вербальну  відповідь  у  ситуації  комунікації  та  рівнем  розвитку  мовленнєвої компетентності та мовленнєвої діяльності дітей молодшого шкільного віку. Таким чином,  були зроблені попередні висновки про наявність взаємозв’язку між мовленнєвим досвідом та прогностичним  можливостями у складі соціального інтелекту дитини молодшого шкільного віку The  article  outlines  the  methodological  and  practical  principles  of  studying  the  ontogenesis  of  social  intelligence. The complexity of studying this socio-psychological phenomenon is associated with its attractiveness to  many  phenomena  that  describe  the  conditions  for  the  successful  social  interaction.  The  existing  theoretical  approaches to the definition of the content and structure of social intelligence, to the interrelationship of it with  other types of intelligence are analyzed. It is determined that research of social intelligence of junior pupils should  be carried out on the basis of the understanding of this kind of intelligencer as an ability that based on a complex of  intellectual, personal, communicative and behavioral features. This complex predetermines the forecasting of the  development  of  interpersonal  situations,  the  interpretation  of  information  and  behavior,  readiness  for  social  interaction  and  decision-making.  The  research  of  the  prognostic  possibilities  of  primary  school  children  demonstrated the positive correlation between the level of development of the ability to predict the most adequate  scenario of the development of events in the social situation and the level of development of speech experience. The  closest relationship is found between the level of development of the ability to provide an adequate verbal response  in the context of communication and the level of development of speech competence and speech activity of children  of junior school age. Thus, was done a conclusion about the existence of a relationship between speech experience  and prognostic possibilities in the social intellect of a child of junior school age.   

Opportunities for improving the insider laws: A comparative analysis of the practice in the USA and Russia

2020 ◽  
Vol 26 (4) ◽  
pp. 796-814
Author(s):  
E.K. Ovakimyan
Keyword(s):  
Financial Markets ◽  
Insider Trading ◽  
Negative Impact ◽  
Business Environment ◽  
Market Manipulation ◽  
Insider Information ◽  
Analysis And Synthesis ◽  
The Usa ◽  
Legislative Perfection ◽  
Definition Of

Subject. The article examines the laws regulating insider trading. Objectives. The study outlines recommendations for refining Law On Countering the Illegal Use of Insider Information and Market Manipulation and Amendments to Some Legislative Acts of the Russian Federation, № 224-ФЗ of July 27, 2010. Methods. The methodological framework includes a general dialectical method, analysis and synthesis, induction and deductions, and some specific methods, such as comparative and formal logic analysis to specify the definition of insider information, structural logic and functional analysis to improve the mechanism for countering insider trading and market manipulation. Results. We discovered key drawbacks to be addressed so as to improve the business environment in Russia. Although the Russia laws mainly mirror the U.S. laws, they present a more extended list of terms concerning the insider information. I believe the legislative perfection should be continued. Conclusions and Relevance. The study helps apply the findings to outline a new legislative regulation or amend the existing ones, add a new mention on the course of financial markets to students’ books, develop new methods for detecting and countering and improving the existing ones. If all parties to insider relationships use the findings, they will prevent insider trading crimes in financial markets and (or) reduce the negative impact of such crimes on the parties.

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