scholarly journals СТВОРЕННЯ БАНКІВСЬКИХ КЛАСТЕРІВ ДЛЯ ПІДВИЩЕННЯ ІННОВАЦІЙНОСТІ БАНКІВСЬКОЇ СИСТЕМИ УКРАЇНИ

2019 ◽  
pp. 56-65
Author(s):  
М. С. Татар ◽  
Ю. А. Нужнова ◽  
О. О. Косяк
Keyword(s):  
Cluster Analysis ◽  
Method Comparison ◽  
Banking System ◽  
Developed Countries ◽  
Comparison Method ◽  
Practical Significance ◽  
Innovation Cluster ◽  
Innovative Cluster ◽  
New Ideas ◽  
Sustainable Economic Growth

Formulation of the problem. Today most developed countries associate long-term sustainable economic growth with the transition to innovative path of development, so the problem of creating and ensuring the efficient functioning of innovative cluster structures, in particular banking, is extremely urgent. The aim of the research is systematization of theoretical and methodological provisions on the creation of banking cluster structures to enhance the innovativeness of Ukraine banking system. The subject of the research is formation and functioning of innovative banking clusters in Ukraine. The methods of the research: meaningful method, comparison method, induction and deduction methods, cluster analysis, etc. The hypothesis of the research. There is a need to create innovative banking clusters to increase the innovativeness of the Ukraine banking system. The statement of basic materials. The definitions of the term “innovation cluster” and “banking innovations” are analyzed. It is determined that banking innovations in Ukraine are aimed mainly at creating new or modernizing existing banking products and services and developing automated banking systems. The advantages of creation of innovative banking clusters are characterized and algorithm of banks cluster analysis realization and algorithm of innovative banking clusters creation are developed. The originality and practical significance of the research are algorithm of banks cluster analysis realization and algorithm of innovative banking clusters creation, which makes possible to determine the sequence of actions required for cluster structures formation. Conclusions and perspectives of further research. Prospects of creation of innovative banking clusters are characterized and algorithm of banks cluster analysis realization and algorithm of innovative banking clusters creation are developed. These algorithms will ensure close interaction between the cluster members and the generation of new ideas, will increase the innovativeness of the production and providing of banking services.

scholarly journals A Digital Currency Architecture for Privacy and Owner-Custodianship

2021 ◽  
Vol 15 (4) ◽  
pp. 788-821
Author(s):  
G. Goodel ◽  
H. D. Al-Nakib ◽  
P. Tasca
Keyword(s):  
English Language ◽  
Banking System ◽  
Future Internet ◽  
Developed Countries ◽  
Practical Significance ◽  
Editorial Office ◽  
Fractional Reserve Banking ◽  
Point Of Sale ◽  
Digital Currency ◽  
Banking Relationships

Objective: to present the new approach to perform monetary transactions with digital currency.Methods: abstract-logical, analytical methods.Results: in recent years, electronic retail payment mechanisms, especially e-commerce and card payments at the point of sale, have increasingly replaced cash in many developed countries. As a result, societies are losing a critical public retail payment option, and retail consumers are losing important rights associated with using cash. To address this concern, we propose an approach to digital currency that would allow people without banking relationships to transact electronically and privately, including both e-commerce purchases and point-of-sale purchases that are required to be cashless.The article shows the advantages of cash payments compared to non-cash ones and defines the possibility to transform these advantages into the central bank digital currencies. The disputable issues of commercial banks development under the spread of digital currencies are discussed. The architecture of digital currencies is described, including distributed ledgers technology. It was shown that, for the digital currency to function effectively, it is necessary to include the privacy of end-users into its architecture; measures to achieve that are determined.Scientific novelty: the approached proposed in the article should be used to develop the digital currencies infrastructure. It should be government-backed, privately-operated and ensure that every transaction is registered by a bank or money services business, relying upon non-custodial wallets backed by privacy-enhancing technology, such as blind signatures or zero-knowledge proofs, to ensure that transaction counterparties are not revealed. This approach can also facilitate more efficient and transparent clearing, settlement, and management of systemic risk. We argue that our system can restore and preserve the salient features of cash, including privacy, owner-custodianship, fungibility, and accessibility, while also preserving fractional reserve banking and the existing two-tiered banking system.Practical significance: the proposed approach can be applied in the practical organization of perform monetary transactions using digital currencies.The article was first published in English language by Future Internet. For more information please contact the editorial office.For original publication: Goodell G., Al-Nakib H. D., Tasca P. A Digital Currency Architecture for Privacy and Owner-Custodianship, Future Internet, 2021, 13, 130. https://doi.org/10.3390/fi13050130Publication URL: https://www.mdpi.com/1999-5903/13/5/130

scholarly journals PRICE STRATEGY OF FEA SUBJECTS IN UKRAINE: FEATURES OF FORMATION AND DEVELOPMENT PROSPECTS

2021 ◽  
Author(s):  
Yuliia Chyrkova ◽  
◽  
Vira Kvasnytsia ◽  
Keyword(s):  
Economic Activity ◽  
Method Comparison ◽  
Foreign Market ◽  
Comparison Method ◽  
Pricing Strategy ◽  
Practical Significance ◽  
Enterprise Management ◽  
Pricing Policy ◽  
Export Prices ◽  
Long Run

The purpose of the article is to study pricing strategies and develop measures to improve the pricing strategy of foreign economic activity on enterprises. Pricing strategy is one of the most important components of the entire enterprise management system, which can affect the main performance indicators of the enterprise. It is a plan for the formation and management of prices in order to remain competitive in the market and achieve the goals and objectives. The implementation of an effective pricing strategy is due to the need to make important pricing decisions in the long run that have an impact on the enterprise. The pricing strategy with a foreign economic orientation becomes especially decisive. In the context of export-import operations, it is important for Ukrainian enterprises, as subjects of foreign economic activity, to plan activities for the long term in order to remain competitive in the foreign market. Foreign economic activity of the enterprise creates the preconditions for its sustainable economic development through the expansion of its activities in international markets and the formation of new sources of income production resources, technologies and modern organization of production. Today in the field of pricing there are many problems that reduce both the efficiency of the economy and the effectiveness of pricing policy enterprises in particular. This necessitates a new approach to formation of the company’s pricing policy and formation of its pricing strategy. The following methods are used in the article: analysis and synthesis, generalization, coefficient and graphical method, comparison method and systematization methods. The result of the study is the formation of ways to solve existing problems in Ukrainian enterprises through introducing the price discounts accumulative system and implementing a combined strategy for the formation of export prices to increase efficiency of the enterprise foreign economic activity. The practical significance of the work lies in the developed measures to address the problems of pricing strategy, which were identified at the enterprises of Ukraine, engaged in foreign economic activity.

scholarly journals Investigating the effects of environmental patents and climate change mitigation technologies on sustainable economic growth in the Middle East

2021 ◽  
Author(s):  
Sadegh Abedi ◽  
Mehrnaz Moeenian
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Middle East ◽  
Climate Change Mitigation ◽  
Developed Countries ◽  
Factors Affecting ◽  
Middle East Countries ◽  
Sustainable Economic Growth ◽  
Change Mitigation

Abstract Sustainable economic growth and identifying factors affecting it are among the important issues which have always received attention from researchers of different countries. Accordingly, one of the factors affecting economic growth, which has received attention from researchers in the developed countries over recent years, is the issue of environmental technologies that enter the economic cycle of other countries after being patented through technology transfer. The current research investigated the role of the environment-related patents and the effects of the patented technological innovations compatible with climate change mitigation on the economic growth and development in the Middle East countries within a specific time period. The required data were gathered from the valid global databases, including Organization for Economic Co-operation and Development and World Bank and have been analyzed using multi-linear regression methods and econometric models with Eviews 10 software. The obtained results with 95% confidence level show that the environmental patents (β = 0.02) and environment management (β = 0.04) and technologies related to the climate change mitigation (β = 0.02) have a significant positive impact on the sustainable economic development and growth rate in the studied countries. Such a study helps innovators and policymakers in policy decisions related to sustainable development programs from the perspective of environmentally friendly technologies by demonstrating the role of patents in three important environmental areas, namely environmental management, water-related adaptation and climate change mitigation, as one of the factors influencing sustainable economic growth.

scholarly journals A Digital Currency Architecture for Privacy and Owner-Custodianship

2021 ◽  
Vol 13 (5) ◽  
pp. 130
Author(s):  
Geoffrey Goodell ◽  
Hazem Danny Al-Nakib ◽  
Paolo Tasca
Keyword(s):  
Systemic Risk ◽  
Banking System ◽  
Developed Countries ◽  
Fractional Reserve Banking ◽  
Point Of Sale ◽  
Digital Currency ◽  
Fractional Reserve ◽  
Banking Relationships ◽  
Reserve Banking ◽  
Payment Mechanisms

In recent years, electronic retail payment mechanisms, especially e-commerce and card payments at the point of sale, have increasingly replaced cash in many developed countries. As a result, societies are losing a critical public retail payment option, and retail consumers are losing important rights associated with using cash. To address this concern, we propose an approach to digital currency that would allow people without banking relationships to transact electronically and privately, including both e-commerce purchases and point-of-sale purchases that are required to be cashless. Our proposal introduces a government-backed, privately-operated digital currency infrastructure to ensure that every transaction is registered by a bank or money services business, and it relies upon non-custodial wallets backed by privacy-enhancing technology, such as blind signatures or zero-knowledge proofs, to ensure that transaction counterparties are not revealed. Our approach to digital currency can also facilitate more efficient and transparent clearing, settlement, and management of systemic risk. We argue that our system can restore and preserve the salient features of cash, including privacy, owner-custodianship, fungibility, and accessibility, while also preserving fractional reserve banking and the existing two-tiered banking system. We also show that it is possible to introduce regulation of digital currency transactions involving non-custodial wallets that unconditionally protect the privacy of end-users.

scholarly journals Nurses’ Perceptions of Barriers and Facilitators to Implement EBP in the Maldives

2014 ◽  
Vol 2014 ◽  
pp. 1-7 ◽  
Author(s):  
Fathimath Shifaza ◽  
David Evans ◽  
Helen Bradley
Keyword(s):  
Relevant Literature ◽  
Developed Countries ◽  
Perceived Barriers ◽  
Barriers And Facilitators ◽  
Healthcare Organisation ◽  
Clear Understanding ◽  
Healthcare Facilities ◽  
New Ideas ◽  
Insufficient Time ◽  
Nurses Perceptions

This study aims to explore the barriers to evidence based practice (EBP) experienced by nurses working in a Maldivian healthcare organisation. A total of 400 questionnaires were distributed to nurses in 5 healthcare facilities and 198 completed questionnaires were returned. The results of this study show that the perceived barriers by the nurses in the Maldives are not significantly different from those reported in developed countries. For healthcare organisations in the Maldives, it is necessary to have a clear understanding of the barriers and facilitators to research practice in order to implement EBP. The study showed that the major barriers to research use were that “the relevant literature is not compiled in one place,” there is “insufficient time on the job to implement new ideas,” and “administration will not allow implementation.” The key facilitating factors for EBP include support, encouragement, and recognition by the management and administration. The findings of this study can be useful for determining strategies that can be introduced in the clinical setting to use EBP. Healthcare organisations must continue their support in order to decrease the barriers and optimise care in healthcare facilities.

Non-banking financial intermediation and phenomena of shadow money in modern economy

2021 ◽  
Vol 27 (8) ◽  
pp. 1694-1709
Author(s):  
Vladimir K. BURLACHKOV
Keyword(s):  
Commercial Banks ◽  
Financial Intermediation ◽  
Banking System ◽  
Banking Regulation ◽  
Developed Countries ◽  
Bank Credit ◽  
Shadow Banking ◽  
Economic Agents ◽  
Shadow Banking System ◽  
Lending Activity

Subject. The article addresses the non-banking financial intermediation (shadow banking system) as it is successfully expanding nowadays both in developed countries and emerging economics. Objectives. The study aims at conducting a comprehensive analysis of the specifics of non-banking financial intermediation, revealing its impact on economic agents’ activities, causes and consequences, and elaborating the methodological framework for effectiveness of modern monetary policy. Methods. I employ methods of scientific abstraction, induction, deduction, synthesis, and comparative analysis. Results. In the modern national economy, along with the money, created by the central bank and commercial banks, there are highly liquid financial instruments called shadow money. The scope of its application is shadow banking (financial intermediation) outside the banking system. The use of shadow money is caused by high demand for credit resources. Conclusions. The high activity of shadow banking and increased turnover of shadow money resulted from a transfer to Basel standards of banking regulation in the 1990s, which affected the lending activity of commercial banks. Under these conditions, the demand for loans provided by non-bank credit and financial institutions increased. The market of non-bank credit products was formed. However, the process of lending in the shadow banking is associated with high risks and non-stability of shadow money, widely used in this sphere.

Assessment of Risks of Corporate and Financial Security of the Region (on the Example of the Komi Republic)

2021 ◽  
Vol 18 (4) ◽  
pp. 66-78
Author(s):  
M. S. Kyzyurov
Keyword(s):  
Method Comparison ◽  
Comparison Method ◽  
Komi Republic ◽  
Financial Security ◽  
Threshold Values ◽  
Security Risk ◽  
Public Authorities ◽  
Doing Business ◽  
Definition Of ◽  
Method Analysis

The article presents the author’s approach to assessing the risks of corporate and financial security of the region. The purpose of the article is to develop, substantiate and test the author’s approach to assessing and measuring risks of corporate and financial security at the meso-level. The research used methods such as indicative method, comparison method, analysis, synthesis. The paper analyzes conceptual approaches to the concept of security risk, examines the distinctive characteristics of the definition of “risk” from the concepts of “threat” and “danger”. Further, the author examines the issue of the list of main risks in the field of corporate financial security, as a result of which a risk system is proposed that includes 7 main risks, which are assessed using a methodology based on the synthesis of an indicative approach and a minimax method using a normalizing function and a 100-point scale. For each of the risks, indicators are selected, and their threshold values are justified, which are used for comparison with the actual values of indicators, on the basis of which the level of risk is measured. Approbation of the approach proposed in the article was carried out on the example of the Komi Republic. As a result of the risk diagnostics, significant risks of the corporate and financial security of the region were identified, and some recommendations were proposed for solving the problem of improving the conditions for doing business in the region. The obtained results of the work can be used by public authorities in solving the problems of public administration and monitoring the risks of the corporate and financial security of the region.

scholarly journals HOTEL FOR PHOTOTOURISTS - A MODERN TREND IN THE HOSPITALITY INDUSTRY

2019 ◽  
pp. 10-16
Author(s):  
Iryna Oleksandrivna Kalienik ◽  
Olena Bronislavivna Shydlovska ◽  
Tetiana Ivanivna Ishchenko ◽  
Viktor Fedorovich Dotsenko
Keyword(s):  
Comparison Method ◽  
Practical Significance ◽  
Modern Trend ◽  
Structural Method ◽  
Pricing Policy ◽  
Tourism Product ◽  
Tourism Sector ◽  
The World ◽  
Logical Method ◽  
Literary Methods

Purpose. To consider the concept of “phototourism”, to find out its essence and difference from other special types of tourism, to characterize its classification features. To reveal the prerequisites for its development in Ukraine to increase the tourist attractiveness of the country. Methods. For research, methods such as system-structural, abstract-logical, analysis, synthesis, generalization, observation, comparison were used; classification and literary methods. The system-structural method was used to assess the possibility of the existence of domestic hotels that will be able to provide photo tourists with services such as renting specialized photo equipment, workshops on using cameras, organizing photo tours and others. Thanks to the abstract-logical method, the theoretical aspects of the development and functioning of phototourism in Ukraine were revealed. The comparison method was used to evaluate the pricing policy of digital and film cameras. Results. The classification of photo tours and the specific features of phototourism, which distinguish it from other types of tourism, are given. The main trends in the development and popularization of phototourism in the world and Ukraine are investigated. Foreign photo tours and their specifics are analyzed. A survey was carried out among the population of Ukraine about their interest in hotel enterprises that can provide services for phototourists, organize tours and offer specialized photographic equipment for rent. A comparative assessment of the pricing policy of various types of photographic equipment is provided, which can be used in phototours organized by a hotel company specializing in phototourism. The innovative aspects of phototourism, which can be used in practice in the domestic hotel business, are analyzed. The given examples of such phototouristic regions as Cherkasy, Carpathian, Transcarpathian and Chernigov, which testify to the potential of Ukraine as a country that has the opportunity to expand its tourism market. Scientific novelty. Scientific novelty lies in substantiating the feasibility of creating a hotel for phototourists in Ukraine, as a new way to popularize phototourism in the hotel industry of the country. Phototourism with the use of film cameras is the newest direction in the tourism sector not only in Ukraine, but throughout the world. The practical significance lies in the fact that the popularization of phototourism can bring the industry to a qualitatively new level in the formation of tourism offers and contribute to the creation of a modern competitive tourism product.

scholarly journals Peer Bonds in Urban School Communities: An Exploratory Study

2018 ◽  
Vol 7 (1) ◽  
pp. 64
Author(s):  
Nicole Leach
Keyword(s):  
Learning Communities ◽  
Comparison Method ◽  
Practical Significance ◽  
Structured Interviews ◽  
School Communities ◽  
Shared Identity ◽  
Peer Associations ◽  
Peer Association ◽  
Dyadic Friendships ◽  
Potential Use

The literature identifies three main types of peer associations: cliques, crowds, and dyadic friendships. When schools create learning communities, an additional type of peer association may emerge that is not based on interactions but instead is based on membership in a shared community. The aim of this study is to qualitatively explore the nature and characteristics of this association, labeled peer bonds. Observational data (n=432) and semi-structured interviews (n=33) were collected in two urban high schools over the course of three academic years. Data were analyzed using the constant comparison method. Findings suggest that there are six characteristics of peer bonds: investment in peer success, shared identity, shared values, pedagogical caring, shared success, and shared failure. The scholarly significance of this study is the expansion of theoretical conceptualizations of peer associations in learning communities while the practical significance is the potential use of a largely underutilized source for academic interventions, peers, by creating school community.

scholarly journals Banking operations as an object of administrative and legal protection

2018 ◽  
Vol 81 (2) ◽  
pp. 28-37
Author(s):  
M. Y. Bukreev
Keyword(s):  
Financial Institutions ◽  
Banking Sector ◽  
Banking System ◽  
Legal Protection ◽  
Legal Regulation ◽  
Practical Significance ◽  
Legal Norms ◽  
The Past ◽  
The Subject ◽  
Banking Operations

The subject matter of the research is the relations that are formed in the process of banking operations. It has been substantiated that banks and the banking system are among the most important financial institutions, which proper and stable functioning influences on all other spheres of life in the state. It is proved by the consequences of crises in the banking sector that have occurred in Ukraine over the past few years. Awareness of the importance of this area and the possible consequences of unlawful encroachments have determined the need to search for all legal means for combating delicts in the sphere of banking operations. Understanding the fact that one can achieve significant results in the sphere of protecting banking operations by administrative and legal means, has necessitated this scientific study. In order to analyze banking operations as an object of administrative and legal protection, the author has fulfilled the following tasks. The author has highlighted the use of the concepts of “protection” and “administrative and legal protection” in the context of their implementation in relation to banking operations. The foundations of Ukrainian and international administrative and legal regulation of protecting relations in the sphere of banking operations have been revealed. The essence and features of banking operations influencing the understanding of the sphere of protected relations have been outlined; and the content of administrative and legal protection of relations in the field of banking operations has been revealed. It has been noted that there is an extensive system of banking legislation on legal norms in Ukraine regulating banking operations that require legal protection. The practical significance of the obtained results of the article is determined by the substantiated provisions for improving the approaches to increase the efficiency of the administrative and legal protection of the relations in the sphere of banking operations. A number of practical results of the research can be used while studying administrative and legal means of protecting relations in the field of banking operations.

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