scholarly journals ESSENCE, FEATURES AND CONCEPTUAL MODEL OF FINANCIAL SERVICES PROVISION

2021 ◽  
Vol 1 (22(50)) ◽  
pp. 66-74
Author(s):  
Andrii Semenog
Keyword(s):  
Conceptual Model ◽  
Financial Services ◽  
Customer Orientation ◽  
Economic Benefits ◽  
Financial Assets ◽  
Unified Approach ◽  
Economic Relations ◽  
Economic Interaction ◽  
Definition Of ◽  
Financial Transactions

The article analyses the main scientific approaches to defining financial services essence and reveals the lack of a unified approach among scientists. It is determined that researchers mainly characterize the essence of financial services as the result of economic interaction among providers and consumers of financial services; particular type of economic relations; specific (financial) goods; economic activity; benefits and satisfaction from selling money; transactions with financial assets; component of the financial market; the result of the subjects' interaction. Based on the content analysis of the definition of “financial service”, it is proved that its essence is revealed both within financial categories (“financial transactions”, “financial assets”, “financial resources”, financial intermediaries) and categories in the field of services (“customer needs”, “benefits and satisfaction”, “financial value”). It is proved that the purpose of financial services is to meet customers’ needs to perform specific actions with financial assets, which result in the client receiving financial value in the form of economic benefits or satisfaction, which is manifested in profit or preservation of the actual value of financial assets. The essence of the financial services market is presented, and the main approaches to its definition are analysed: institutional, resource, commodity, market. The set of primary and specific features of financial services available in the scientific literature is studied. Considering modern trends, it is proposed to expand the features of financial services with the following components: customer orientation, trust-centricity, product-centrism, servicing. Considering modern features and peculiarities of financial services, the definition of this category is offered, and the conceptual model of rendering of financial services is proposed.

SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE DEVELOPMENT OF MECHANISMS TO ENSURE DYNAMIC STABILITY OF THE DUAL ORGANIZATIONAL-ECONOMIC SYSTEMS IN THE FIELD OF IRRIGATION AND AGRICULTURE

2016 ◽  
Vol 4 (2) ◽  
pp. 0-0
Author(s):  
Bohdan Кorol ◽  
Alina Kostiukevich
Keyword(s):  
Economic System ◽  
Conceptual Model ◽  
Economic Benefits ◽  
State Regulation ◽  
Economic Systems ◽  
Agricultural Producers ◽  
Reclaimed Land ◽  
Economic Relations ◽  
Organizational Administration ◽  
The Stability

It is established that the organizational and economic relations between water management organizations and agricultural producers on reclaimed land is the dual of organizational-economic system. We propose a conceptual model describing the goals of state regulation of the functioning of dual systems. It is proved that the stability of the organizational-economic system has an institutional impact on the system through formal and informal institutions, and also depends on the economic benefits of mutual exchange. A conceptual model of dual organizational administration and economic systems based on the assessment and monitoring of institutional and economic stability

scholarly journals New Tech v. New Deal: Fintech as a Systemic Phenomenon

2018 ◽  
Author(s):  
Saule T. Omarova
Keyword(s):  
New Deal ◽  
Financial Services ◽  
Financial Stability ◽  
Scale Up ◽  
Financial Risks ◽  
Financial Assets ◽  
Policy Challenge ◽  
Private Actors ◽  
Financial Transactions ◽  
The New Deal

36 Yale Journal on Regulation 735 (2019).Fintech is the hottest topic in finance today. Recent advances in cryptography, data analytics, and artificial intelligence are visibly “disrupting” traditional methods of delivering financial services and conducting financial transactions. Less visibly, fintech is also changing the way we think about finance: The rise of fintech is gradually recasting our collective understanding of the financial system as simply another sphere of normatively neutral information technology and objective computer science. By making financial transactions faster, cheaper, and more easily accessible, fintech seems to promise a micro-level “win-win” solution to the financial system’s many ills.This Article challenges such narratives and presents an alternative account of fintech as a systemic, macro-level phenomenon. Grounding the analysis of evolving fintech trends in a broader institutional context, the Article exposes the normative and political significance of the current fintech moment. It argues that the arrival of fintech enables a potentially decisive shift in the underlying public-private balance of powers, competencies, and roles in the financial system.In developing this argument, the Article makes three principal scholarly contributions. First, it introduces the concept of the New Deal settlement in finance: a fundamental political arrangement, in force for nearly a century, pursuant to which profit-seeking private actors retain control over allocating capital and generating financial risks, while the sovereign public bears responsibility for maintaining systemic financial stability. Second, the Article advances a novel conceptual framework for understanding the deep-seated financial dynamics that have eroded the New Deal settlement in recent decades. In particular, it offers a working taxonomy of principal mechanisms that both (a) enable private market actors to continuously synthesize tradable financial assets and scale up trading activities, and (b) undermine the public’s ability to manage the resulting system-wide risks. Finally, the Article shows how and why specific fintech applications – cryptocurrencies, distributed ledger technologies, digital crowdfunding, and robo-advising – are poised to amplify the effect of these destabilizing mechanisms, and thus potentially exacerbate the tensions and imbalances in today’s financial markets and the broader economy. It is this potential that renders fintech a public policy challenge of the highest order.

scholarly journals The Legislative Innovations in the Regulation of Investment Transactions Made Using the Financial Platform: Effectiveness Evaluation

Legal Concept ◽  
2021 ◽  
pp. 125-137
Author(s):  
Denis Matytsin ◽  
Keyword(s):  
Research Methods ◽  
Financial Services ◽  
Personal Data ◽  
Financial Assets ◽  
Federal Law ◽  
Legal Method ◽  
Wide Range ◽  
Telecommunications Network ◽  
Financial Transactions ◽  
Structural Methods

Introduction: the relevance of the paper is justified by the fact that the civil doctrine regarding the study of the topics of investment transactions made using the financial platform is in the stage of gradual formation. While academic economists are quite actively developing issues of forming new approaches to the remote provision of financial services to a wide range of consumers. The purpose of the study: the paper provides a detailed analysis of Federal Law of July 20, 2020, No. 211-FZ “On Making Financial Transactions Using the Financial Platform”, which entered into force in 2020 and regulates the activities of special legal entities – operators providing investment services to individuals. The aim is to evaluate the effectiveness of the provisions enshrined in Federal Law No. 211-FZ of July 20, 2020, “On Making Financial Transactions Using the Financial Platform”. Analyzing the provisions of the newly adopted document, the author answers the question of whether they facilitate, accelerate and simplify the execution of transactions by a private investor made using the financial platform. The Rules of the financial platform are also analyzed as a legal regulatory basis for the entrepreneurial activity of the operator of the financial platform. Research methods: based on the materialistic worldview, the author uses a combination of general scientific and specific scientific methods. The main research methods are the logical and system-structural methods, the methods of induction and deduction, analysis and synthesis, as well as the formal legal method. Conclusions: it is concluded that the activity of recording data on financial transactions, which the repository (the registrar of financial transactions) must carry out according to Federal Law No. 211-FZ of 20.07.2020, is very cumbersome, complex, and costly, is subject to the risks of improper execution and improper preservation of personal data of consumers of financial services. It is proposed to use the depository and registration platform, which functions as a special electronic service on the website of the Bank of Russia, to record data on financial transactions using the financial platform. It is recommended to record the facts of financial transactions made in the system of a polysubject jurisdictional blockchain. The recommended scheme of polysubject blockchain interaction of entities operating on the territory of the Russian Federation has been developed, which allows each participant of the blockchain to simultaneously receive complete and reliable information on each stage of a financial transaction in the online mode and exclude irrational data transfer related to financial transactions and their participants, reduce the risk of improper storage of personal data of consumers of financial services, etc. It is proved that in Federal Law No. 211-FZ of 20.07.2020 the legislator has created a legal business scheme that is beneficial, first of all, for the operator of the financial platform – an intermediary organization. The amendments and additions to Federal Law No. 211-FZ of 20.07.2020 are proposed. The expediency of borrowing and integrating into the unified federal law “On Making Investment Transactions by Consumers in the Information and Telecommunications Network “Internet” all viable legislative provisions developed in Federal Law No. 211-FZ of 20.07.2020 is justified. This document also proposes to fix a set of rules for regulating remote digital transactions of investment in traditional financial assets, securities, digital financial assets, and derivative financial assets made by retail private investors (individuals) in the Internet information and telecommunications network.

TRENDS IN THE DEVELOPMENT OF ECONOMIC RELATIONS OF ISRAEL IN THE MIDDLE EAST

2019 ◽  
pp. 13-24
Author(s):  
Evgenii V. Palamarenko ◽  
Keyword(s):  
Middle East ◽  
Russian Language ◽  
Economic Relations ◽  
Trade Relations ◽  
Major Trading Partner ◽  
Economic Interaction ◽  
History Of ◽  
Close Cooperation ◽  
Economic Ties ◽  
Israeli Economy

The lack of Russian-language research on the features of the economic development of Israel as an OECD member state underlines the urgent need to identify new trends in the Israeli economy. Not taking into account the existing variety of humanitarian studies, and especially the concentration of studies on the political history of Israel and its modern component, we can recognize a clear lack of work that would cover Israeli economy. Current trends in Israeli trade relations, which have begun to make the mselves clear, require both consideration of effective trade and economic interaction between Israel and Palestine, and identification of the peculiarities of hidden regional trade and economic ties. Israel and Palestine are in close cooperation on the exchange of labor and goods, despite the lack of a political settlement. For Palestine, Israel is a major trading partner, and Palestine plays a key security role for Israel. The second important aspect in covering new trends in the Israeli economy may be the need to study the nascent format of cooperation between Israel and the Middle East. The article explores the specifics of economic relations between Israel and the countries of the Middle East, reveals the growing role of economic relations between Israel and the countries of the region.

PERDAGANGAN ETHEREUM DI INDODAX EXCHANGE DALAM PERSFEKTIF SYARIAH

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Muhamad Khoirul Umam
Keyword(s):  
Money Laundering ◽  
Financial Services ◽  
Islamic Law ◽  
Indonesian Government ◽  
Advantages And Disadvantages ◽  
Digital Asset ◽  
Research Questions ◽  
Financial Transactions

In view of Islamic law Ethereum as a digital asset that is traded in cyberspace.The value of cryptocurrency surges and fluctuates, it is influenced by buying and selling demand. Indodax exchange is an official digital asset site in Indonesia that trades more than 40 digital currencies.The purpose of this study is to analyze whether cryptocurrency is worthy of value as money having a certain value, and also seen from the Indonesian government through Bank Indonesia has issued regulation No. 16/8/PBI/2014, which explicitly prohibits the use of bitcoin, Ethereum and altcoin for use in financial transactions in cash. So that raises research questions how the cryptocurrency law in the form of coin ethereum in Islamic law. The results of this study explain ethereum has advantages and disadvantages. Among its advantages is that users can use exchanges or transactions without a third service (bank), and can be traded at merchandise stores.However, ethereum losses are more frequent, such as fluctuating values each time, not listed as commodities, not watched by the Financial Services Authority (OJK), they present elements of gharar (uncertainty) and maysir (gambling) or (betting), which are used for money laundering and purchase of illegal drugs.Keywords: Cryptocurrency, Ethereum, Digital asset

Mega-Regional Trade Agreements: CETA, TTIP, and TiSA

2017 ◽  
Keyword(s):  
International Economic ◽  
Financial Services ◽  
Dispute Settlement ◽  
Economic Relations ◽  
Economic Law ◽  
Legal Perspective ◽  
International Economic Law ◽  
Regional Agreements ◽  
The One ◽  
International Experts

The contributions in this volume examine CETA, TTIP, and TiSA as prime examples of ‘mega-regional’ agreements that are central to a new orientation in international economic law in general and EU external economic relations in particular. While concentrating on CETA, TTIP, and TiSA as the main EU instruments in the worldwide turn to regional and mega-regional agreements, the book places these initiatives in the broader context of other mega-regional projects such as TPP. In the first two chapters, this book examines main motivations for negotiating mega-regional agreements and changing conceptions of international economic law. In nine further contributions, international experts examine sectoral issues such as the trade, investment, and dispute settlement disciplines envisaged in these ‘mega-regional’ agreements. Moreover, the progress made in intellectual property protection, the problems associated with data protection, disciplines on financial services, human rights, labour and environmental standards, issues of transparency and legitimacy, and the relationship between CETA, TTIP, and TiSA on the one hand and EU law on the other are analysed. Finally, four short contributions discuss fundamental questions surrounding these mega-regional agreements from an economic, a political science, and a legal perspective. The last chapter of this volume summarizes principal conclusions presented in the chapters of the book and highlights themes that recur in them.

scholarly journals Multi-Use of the Sea as a Sustainable Development Instrument in Five EU Sea Basins

2021 ◽  
Vol 13 (15) ◽  
pp. 8159
Author(s):  
Joanna Przedrzymirska ◽  
Jacek Zaucha ◽  
Helena Calado ◽  
Ivana Lukic ◽  
Martina Bocci ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Baltic Sea ◽  
Spatial Planning ◽  
Economic Benefits ◽  
The Black Sea ◽  
The North ◽  
The North Sea ◽  
Maritime Spatial Planning ◽  
Definition Of ◽  
The Impact

This paper examines the concept of maritime multi-use as a territorial/SPATIAL governance instrument for the enhancement of sustainable development in five EU sea basins. Multi-use (MU) is expected to enhance the productivity of blue economy sectors, as well as deliver additional socio-economic benefits related to the environmental and social dimensions of sustainable development. The paper provides a definition of maritime multi-use and identifies the multi-uses with the highest potential in EU sea basins. In each sea basin, multi-use plays a different role as concerns sustainable development. For the Eastern Baltic Sea, the Mediterranean Sea and the Black Sea, the MU focus should remain on the environmental pillar of sustainable development. In the North Sea, North Atlantic and Western Baltic Sea, addressing social sustainability seems a key precondition for success of MU in enhancement of sustainable spatial development at sea. Moreover, it has been suggested to introduce MU key global strategies such as SDGs or Macroregional strategies and action plans and to supplement maritime spatial planning with sectoral incentives and educational efforts as key vehicles supporting MU. The paper concludes by identifying aspects which, in order to inform maritime spatial planning and maritime governance regarding a more conscious application of the aforementioned concept, require further investigation. Key tasks are related to: more profound evaluation of performance of policies supporting MUs, researching the impact of MU on societal goals and on the MU costs and benefits, including external ones, and finally identifying the impact of MU on the development of various sectors and regions on land.

scholarly journals Getting to Hope: Perspectives from Patients and Caregivers Living with Chronic Childhood Illness

Children ◽  
2021 ◽  
Vol 8 (6) ◽  
pp. 525
Author(s):  
Emily von Scheven ◽  
Bhupinder K. Nahal ◽  
Rosa Kelekian ◽  
Christina Frenzel ◽  
Victoria Vanderpoel ◽  
...  
Keyword(s):  
Conceptual Model ◽  
Research Question ◽  
Young Patients ◽  
Future Research ◽  
Childhood Onset ◽  
Virtual Focus Groups ◽  
Definition Of ◽  
Selection Of ◽  
Chronic Childhood ◽  
Research Studies

Promoting hope was identified in our prior work as the top priority research question among patients and caregivers with diverse childhood-onset chronic conditions. Here, we aimed to construct a conceptual model to guide future research studies of interventions to improve hope. We conducted eight monthly virtual focus groups and one virtual workshop with patients, caregivers, and researchers to explore key constructs to inform the model. Discussions were facilitated by Patient Co-Investigators. Participants developed a definition of hope and identified promotors and inhibitors that influence the experience of hope. We utilized qualitative methods to analyze findings and organize the promotors and inhibitors of hope within three strata of the socio-ecologic framework: structural, interpersonal, and intrapersonal. Participants identified three types of interventions to promote hope: resources, navigation, and activities to promote social connection. The hope conceptual model can be used to inform the selection of interventions to assess in future research studies aimed at improving hope and the specification of outcome measures to include in hope research studies. Inclusion of the health care system in the model provides direction for identifying strategies for improving the system and places responsibility on the system to do better to promote hope among young patients with chronic illness and their caregivers.

scholarly journals A physical resilience conceptual model – contributions to gerontological nursing

2018 ◽  
Vol 71 (5) ◽  
pp. 2589-2593 ◽  
Author(s):  
Rafael Bernardes ◽  
Cristina Lavareda Baixinho
Keyword(s):  
Older Adults ◽  
Conceptual Model ◽  
Nursing Care ◽  
Functional Capacity ◽  
Geriatric Nursing ◽  
Frailty Syndrome ◽  
Gerontological Nursing ◽  
Innate Capacity ◽  
Potential Applicability ◽  
Definition Of

ABSTRACT Objectives: To analyze and reflect on the potential applicability of the contribution of the physical resilience conceptual model of Whitson et al. in the care for older adults. Method: The present article of reflection was structured based on the consultation of articles and definition of inherent concepts, with analysis and reason of the potentialities of its application in geriatric nursing care. Results: Physical resilience is influenced by diverse stimuli. The identification of stressors and early intervention enable the delay of the functional capacity decline. In practice, the planning of interventions that depend on the innate capacity of older adults is of utmost importance. Conclusion: The trajectory outlined over a debilitating event is relevant to understand the factors that contribute to the development of frailty or pre-frailty conditions. This knowledge allows nurses to adjust their practice and contribute to the effectiveness of interventions and a better prevention of the frailty syndrome.

Liberalism and Regulation of Financial Market

2012 ◽  
pp. 20-30
Author(s):  
V. Milovidov
Keyword(s):  
Hedge Funds ◽  
Financial Services ◽  
Financial Stability ◽  
Financial Risk ◽  
Risk Hedging ◽  
Rights Protection ◽  
Starting Point ◽  
Derivative Instruments ◽  
Credit Default ◽  
Financial Transactions

Reagan's financial sector deregulation became a starting point for the financial engineering, derivatives, combinatory financial operations industry. Due to it hedge funds developed, and a range of risk financial transactions expanded among the banks that found both new forms of financial risk hedging and new sources of income: arbitrage and hedging, credit default swaps, operations with "second-rate” credits. It was them that exploded the market in 2007–2008. The reaction of states realized in a string of regulation initiatives, including creation of supranational coordination bodies (in particular, Financial Stability Board); reformatting of mega regulators and on their base – the shaping of state prudential supervision and financial services consumer rights protection bodies with different tasks; restrictions on hedge funds activities; toughening of derivative instruments regulation and implementing of a central counterparty institute on derivatives market.

Sign in / Sign up

Export Citation Format

Share Document