scholarly journals Latvijas valsts finanšu sistēmas drošība – starptautiskā finanšu sadarbībā

Author(s):  
Mārtiņš Smilga

Pēc Latvijas neatkarības atjaunošanas, lai garantētu valsts finanšu plūsmu un drošību, Latvija iestājās vairākās starptautiskajās finanšu institūcijās – Starptautiskajā Valūtas fondā, Eiropas Rekonstrukcijas un attīstības bankā, kā arī Pasaules Bankas organizācijās. Darbā tiks apskatītas šīs finanšu institūcijas, kuru dalībvalsts ir Latvija, Latvijas valsts statuss tajās, sadarbība, kā arī šo starptautisko finanšu institūciju darbības principi. Tiks secināts, cik lielu finanšu sistēmas drošību Latvijas valstij garantē dalība šajās organizācijās un vai tā ir pietiekama. After regaining independence, in order to insure national cash flow, Latvia joined a number of international finance institutions, namely, the International Monetary Fund, European Bank for Reconstruction and Development, and other World Bank organisations. This article examines these financial institutions, their main principles, collaborations, and the role of Latvia in them. Conclusions are made as to whether the security of the financial system due to membership in these organisations is sufficient.

1987 ◽  
Vol 35 (1) ◽  
pp. 1-17 ◽  
Author(s):  
Trevor Parfitt ◽  
Stephen Riley

This paper assesses the international politics of Africa's growing external indebtedness and the pressures for policy direction that it produces. After the scale and character of the problem has been assessed, the paper looks, first, at the increasingly significant rôle of the International Monetary Fund (IMF) within Africa. The nature of external policy direction is then examined, particular attention being paid to the influential World Bank policy paper, the Berg Report. Its policy prescriptions are assessed in the light of conditions in several African countries. The paper concludes by examining alternatives to IMF policy direction, including default and collective disengagement.


1982 ◽  
Vol 26 (1) ◽  
pp. 21-48
Author(s):  
F. Parkinson

While the demand for economic development by underdeveloped countries has a long history, two landmarks call for brief comment: 1960, when a massinflux of newly-independent underdeveloped countries lent political strength to their clamours; and 1973, when the spectacular rise in oil prices became a potential weapon of the developing countries. The chief political forum of the latter has been the General Assembly of the United Nations, but battle has also been done in the General Agreement on Tariffs and Trade (GATT), chief forum on international trade. Some concessions have been wrested from the developed countries, but progress in the two chief fora of public international finance, the International Monetary Fund and the World Bank, has been slow. Both of these international institutions have become the focus of manoeuvre between the developing and the developed countries.


2013 ◽  
Vol 65 (2) ◽  
pp. 160-184
Author(s):  
Pero Petrovic ◽  
Zeljko Jovic

The emergence and deepening of the global economic crisis is reflected in large part on the functioning of international financial institutions and their current structure. The long-term financial crisis has placed demands for decisive reform moves in the functioning and structure of the IMF, the World Bank Group and other global and regional financial institutions. This means that so far, the results of their policies have been inadequate and that their role is subject to critical observation finding an efficient performance of financial markets. The crisis has imposed the need to reform international financial institutions and the new global financial architecture. Changes in structure and their functioning should lead to the global economic stability. Members of the Euro zone are faced with a new attitude towards the international financial institutions and the International Monetary Fund, in particular. The proclaimed missions of the International Monetary Fund and the World Bank are clearly separated in theory, but with the passing of time, their activities have become increasingly intertwined, so that they often include a name - international financial institutions.


Equilibrium ◽  
2021 ◽  
Vol 16 (2) ◽  
pp. 377-411
Author(s):  
Inna Shkolnyk ◽  
Serhiy Kozmenko ◽  
Olga Kozmenko ◽  
Volodymyr Orlov ◽  
Fathi Shukairi

Research background: Financial stability is one of the key tasks in the functioning of the country?s financial system. National financial systems have significant differences in the level of their development, structure and approaches to regulation. There are no uniform world standards for methods and indicators of assessing financial stability. International financial institutions, including the International Monetary Fund, only outline certain areas and offer an indicative list of indicators that should be taken into account. Purpose of the article: Taking into account the peculiarities of the subject and object structure of Ukraine?s financial system, this study formed groups of indicators that reflect the state of financial depth, level of access and efficiency of the financial system, systematized by subject (financial institutions) and object financial markets) characteristics. Methods: The basis for the formation of a set of indicators is a matrix of characteristics of the financial system?s stability, which is formed according to the principle of 4x2 proposed by experts of the International Monetary Fund. The list of indicators to calculate the integrated indicator that characterizes the stability of the financial system of Ukraine, covers the period 2007?2019 and includes 29 indicators that take into account the peculiarities of its formation and development. Harrington?s desirability function is used to determine the integrated indicator that characterizes the state of financial stability. Findings & value added: The intermediate calculations obtained by modeling groups of indicators showed that the level of access to the financial system and the state of its depth are balanced during the study period (the range of variation of integrated indicators for these groups is minimal ? from 0.1 to 0.18), is at a satisfactory level and the basis for ensuring the financial system?s stability. Conversely, the efficiency of the financial system is low, and characterized by a high degree of volatility (range of variation ? 0.51). The obtained integrated indicator, which is in the range from 0.41 to 0.54 on the Harrington desirability scale, makes it possible to assess the state of the financial system?s stability in Ukraine as satisfactory, but with a high level of sensitivity to both external and internal shocks.


The article deals with the peculiarities of the activities of international financial institutions and their relationship with Ukraine in modern conditions. The main goals and directions of the activities of key international financial institutions, such as the International Monetary Fund, the World Bank, are specified. It is noted that in the context of globalization their role and significance grows, because they are supranational regulators that affect financial security of both the individual countries of the world and security of the world financial market as a whole. The main reasons for the emergence of international financial institutions and the basic goals of their activities are systematized. The International Monetary Fund is the main international financial institution, which is the institutional basis of the world monetary and financial system. The IMF assesses the sufficiency of the global financial protection system, provides economic supervision and control over the safe operation of the global monetary and financial system, and should respond to emerging problems and imbalances in a timely manner, providing the necessary funding and technical assistance to countries under the approved arrangements. The analysis of the statistics on loans provided by the IMF within various lending mechanisms, the analysis of the state of the world 's debts to the IMF in the context of its privileged and non – beneficial loans, the peculiarities of the IBRD' s relations with the member countries are analyzed and there are identified current trends in this direction. The key problems and challenges in the work of international financial institutions are formulated and prospective ways of their development are defined, the use of which will promote both optimization of their activities and strengthening the security of the world financial market.


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