French Regulationists on the Financial Dominance in the Modern Economy

2008 ◽  
pp. 46-59
Author(s):  
A. Odintsova
Keyword(s):  
Financial Crisis ◽  
Economic System ◽  
Financial Market ◽  
World Economy ◽  
Institutional Analysis ◽  
Modern Society ◽  
Economic Thought ◽  
Modern Economy ◽  
The World ◽  
Institutional System

The ongoing financial crisis has attracted economists’ attention to the problem of explaining its nature and offering ways of overcoming it. French regulationism is analyzed in the article as a school of economic thought developing its own approach to the institutional analysis of systemic qualities of the world economy. The article considers French regulationists’ views on the contemporary tendencies in the development of financial sector, on the changes in its role in the global institutional system of a modern society. It is shown how evolution of pension funds has led to prevalence of logic of the financial market in the global economic system, which resulted in the inevitability of the financial crisis.

CYBERSECURITY OF FINANCIAL CONSULTING SERVICES IN THE CONTEXT OF DIGITALIZATION OF THE WORLD ECONOMY

2020 ◽  
Author(s):  
Руслана Ринатовна Абдурахманова ◽  
Людмила Ивановна Кругляк
Keyword(s):  
Economic System ◽  
Financial Services ◽  
World Economy ◽  
Digital Technologies ◽  
Consulting Services ◽  
The World

Новые цифровые технологии не только изменяют ландшафт финансовых услуг, но и несут новые угрозы кибербезопасности. Поэтому современные условия функционирования экономической системы предопределили значительные трансформации в подходах к организации консалтинговой деятельности. New digital technologies are not only changing the landscape of financial services, but also pose new threats to cybersecurity. Therefore, thecurrent conditions for the functioning of the economic system have predetermined significant transformations in approaches to the organization of consulting activities.

scholarly journals SOSIOLOGI SPIRITUALITAS & KESALEHAN SOSIAL

Spiritualita ◽  
2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Sukron Romadhon
Keyword(s):  
Economic System ◽  
Social Systems ◽  
Science And Technology ◽  
Modern Society ◽  
Economic Relations ◽  
Religious Traditions ◽  
Religious Rituals ◽  
The People ◽  
The World ◽  
New Religion

Spirituality and a new religious awakening, are seen by religious elites as a stage of religious directness in carrying out religious traditions and rituals. New civilizations can instead be a threat to conventional religious traditions and rituals. Without the willingness of religious elites to criticize and re-interpret conventional ritual traditions and patterns, the functions of the world's major religions could fade. The world's major religions are increasingly alienated from the objective world and awareness of the lives of the people and their people. It seems that there will be a new form of religion or a new religion that is completely different from the tradition of religious rituals that have been carried out by the major religions of the world. While the religious elite is still attached to classical religious interpretations. But on the other hand, the emergence of modern society, encouraging the argument of secularization is part of modernization. The values underlying socio-political and economic relations also appear to be beginning to enter an irregular stage, when viewed conventionally, the spiritulitas of global civilization, rather than lies in the format of values, traditional systems and structures or modern rationality. New civilizations in social systems and Science and Technology (SCIENCE AND TECHNOLOGY) began to be directed at a more intuitive spirituality stage. Then came the act of social piety that proved impartiality over the duafa wal mustad'afin, workers and the poor who were oppressed by the economic system. The emergence of the term left theology only wants to explain about righteousness and belief based on the ability to perform acts of liberation of the proletariat. This action is not only done after the reality of the proletariat appears, but creates a social and economic system that has impartiality towards the proletariat.Keywords: Spirituality, Secularization, Social Piety

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.

scholarly journals Origins and Resolution of Financial Crises: Lessons from the Current and Northern European Crises

2009 ◽  
Vol 8 (3) ◽  
pp. 178-220 ◽  
Author(s):  
Finn Østrup ◽  
Lars Oxelheim ◽  
Clas Wihlborg
Keyword(s):  
Financial Crisis ◽  
Housing Market ◽  
Political Institutions ◽  
Financial Crises ◽  
World Economy ◽  
Credit Crunch ◽  
Original Strain ◽  
Northern European ◽  
The World ◽  
The U.S

Since July 2007, the world economy has experienced a severe financial crisis that originated in the U.S. housing market. Subsequently, the crisis has spread to financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises rarely distinguishes between factors that create the original strain on the financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of the literature on financial crises refers to factors that cause an original disruption in the financial system. We argue that a financial crisis with its contagion within the system is caused by failures of legal, regulatory, and political institutions.

The Global Financial Networks

2018 ◽  
Author(s):  
Dariusz Wójcik
Keyword(s):  
Public Finance ◽  
Financial Crisis ◽  
World Economy ◽  
Global Financial Crisis ◽  
Global Network ◽  
Financial Networks ◽  
Business Services ◽  
Dynamic Framework ◽  
The Core ◽  
The World

The chapter outlines the concept of the global financial networks, defined as networks of the financial and business services firms, and their activities linking financial centres, offshore jurisdictions, and the rest of the world. It is a concept that helps to map finance, place it on the map of the world economy, and analyse the latter in a dynamic framework accounting for the forces of globalization and financialization. At the core of the global financial networks lies the global network of securities centres, focused on the creation, distribution, and circulation of securities, which contributed to the recent global financial crisis. Major trends reshaping the global financial networks include the rise of regulation and public finance, technologies connecting investors, borrowers and lenders with each other, and a potential geo-financial shift towards Asia.

Development of a Methodology for Evaluating Cryptocurrencies as a Promising Means of Payment in the Digital Economy

2021 ◽  
pp. 298-318
Author(s):  
Tatiana A. Kuptsova ◽  
◽  
Vladimir G. Chaplygin ◽  
Keyword(s):  
World Economy ◽  
Current System ◽  
State Regulation ◽  
Theory And Practice ◽  
Monetary System ◽  
Modern Economy ◽  
The World ◽  
Modern Economic ◽  
Methodological Approaches ◽  
Monetary Circulation

The article presents the main results of a study of cryptocurrency as a financial instrument of the future from the standpoint of various methodological approaches aimed at identifying trends in its functioning within the framework of the theory and practice of monetary circulation. The fundamental hypothesis of the study is the prospect of introducing cryptocurrency as a legitimate means of payment to replace the classical forms of money in the context of the transformation of the world economy. This study and its results will contribute to solving a global scientific problem – the formation of a scientifically grounded theoretical and statistical base in the context of the specifics of cryptocurrency’s functioning and the possibility of its functioning as a legitimate means of payment in the modern economy. The relevance of the article is determined by the need to reassess the existing monetary system along with financial mechanisms and operating institutions in view of the emerging crisis of confidence in the current system of state regulation of the economy. The scientific novelty of the article is determined by the development of modern economic theory from the standpoint of the functioning of cryptocurrency as a component of monetary circulation via approaches that study cryptocurrency as an alternative to outdated financial mechanisms. This work opens up an opportunity for further research in the field of cryptocurrency relations, its further improvement and implementation in the national financial system.

scholarly journals Ekonomi Syariah Sebagai ‘Trend’ di Era Globalisasi

2016 ◽  
Vol 1 (2) ◽  
Author(s):  
Jefri Putri Nugraha
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Economic Activity ◽  
Human Life ◽  
Economic Thought ◽  
Islamic Finance ◽  
Economic Problems ◽  
The World ◽  
Islamic Economic

Islam is a universal religion that regulates all dimensions of human life both; the world and the hereafter. Islam has also arranged economic problems since Islam was revealed through the Prophet Muhammad. Al-Quran and al-Hadith as the main reference of sharia economic thought. Islamic finance has become an economic system that was born along with the birth of Islam, but only this decade Islamic economic system become trending topic of discussion. Considering followers conventional notions began to look at the economic system of Syariah. In the era of globalization, there are a tendency in economic development for more attention to ethics in economic activity. This paper aims to explore in depth discussion on the trend of global economic and its development at the same time, reveals the opportunities and challenges in the economic development of sharia in the context of global economic development era.

scholarly journals Failure of the market, state and economics from the perspective of the financial crisis

2011 ◽  
Vol 13 (4) ◽  
pp. 81-97
Author(s):  
Janina Godłów-Legiędź
Keyword(s):  
Financial Crisis ◽  
Critical Analysis ◽  
Economic Thought ◽  
Regulatory Mechanisms ◽  
Economic Methodology ◽  
Economic Downturn ◽  
Classical Liberalism ◽  
Modern Economy ◽  
Market State ◽  
Modern Economic

The debate between the advocates of market and interventionist solutions, primarily based on pitting the market against regulation, has escalated as a result of the financial crisis. The objective of the paper is not only to analyze the advantages and drawbacks of alternative regulatory mechanisms in the light of the global economic downturn, but also to evaluate the modern economy from this perspective. The paper focuses on three hypotheses. 1. It is illegitimate to pit the market against regulation. 2. The crisis resulted from the violation of the principles of classical liberalism, which was precipitated both by inadequate policies and by modern economic methodology. 3. Critical analysis of the methodology and logic of the development of 20th century economic thought reveals the existence of a systemic failure of the dominant doctrines in mainstream economics.

scholarly journals Assumptions of the Global Economic Crisis and Its Inception in the Spring of 2020 Due to the COVID-19 Pandemic

2020 ◽  
Vol 15 (2) ◽  
pp. 191-212
Author(s):  
Alexey Portanskiy ◽  
◽  
Yulia Sudakova ◽  
Alexander Larionov ◽  
◽  
...  
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
International Organizations ◽  
Global Economy ◽  
World Economy ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
International System ◽  
The World ◽  
Global Economic Crisis

Analytical agencies, as well as international organizations, have identified significant threats to the development of the world economy, increasing the likelihood of a new global financial crisis in late 2020–early 2021. The main challenges to the system come from trade wars that could lead to a crisis in the international system of trade regulation, a decrease in the effectiveness of public policy instruments, and a deterioration in the dynamics of global economic growth. An important factor leading to a slowdown in the global economy in 2020 will also be the coronavirus pandemic, although it is difficult, in the first half of 2020, to assess its final impact. The combination of these negative factors, coupled with the unresolved problems of the 2008 global financial crisis, significantly increases the likelihood of a new global economic crisis which could surpass the Great Depression of the 1930s. This study systematizes the main forecasts by international organizations and analytical agencies for the growth of the world economy and considers various theoretical concepts to identify the symptoms of the impending crisis. Ultimately, this article offers options for reducing the negative impact of the crisis on Russia. In connection with the coronavirus pandemic, preliminary estimates have been made of the likely damage to the world economy and the prospects for its recovery.

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