scholarly journals Methodological Foundations of the Risk of the Stock Markets of Developed and Developing Countries in the Conditions of the Crisis

2021 ◽  
Vol 15 (1) ◽  
pp. 3
Author(s):  
Diana Burkaltseva ◽  
Shakizada Niyazbekova ◽  
Lyudmila Borsch ◽  
Mir Abdul Kayum Jallal ◽  
Nataliya Apatova ◽  
...  
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Stock Market ◽  
Stock Markets ◽  
Regulatory System ◽  
Digital Technologies ◽  
The State ◽  
Stock Exchanges ◽  
Real Sector ◽  
The Real

The development of a methodology for the growth of the stock market through a deep transformation of the economic development system and introduction of digital technologies. The article is devoted to the study of the development of stock markets’ actual problems that affect the redistribution of capital between sectors of the economy by using tools and mechanisms between the financial and stock markets. The purpose of the study is to improve the regulatory segment of the stock market in order to further develop stock exchanges, integrate them into the global economic system, and attract investment in the economy. To achieve the goal, the following tasks were performed: the development of the London Stock Exchange was analyzed and the profit growth was determined; a comparative capitalization of the main stock instruments was carried out; internal factors of influence on the stock market were determined. The problem of the international stock market in all countries with emerging markets, first of all, lies in the improvement of the institutional environment, which is a prerequisite for the stability of the stock market. To analyze the development of stock markets, natural technical sciences were used to identify objective patterns, and determine the state and motives, using various methods and techniques: logic, generalizations, specific methods of cognition, comparison, and graphics. In the development of the stock market, the economy establishes certain natural actions in the real sector of the economy through a regulatory system of measures, and the needs of investments in the real sector of the economy, methods, and tools are used to achieve the desired results. Statistical, analytical, and dynamic methods were used. The essential foundations of the importance of stock markets and the economy are revealed; we discuss the penetration of knowledge and the conduction of a deep transformation through the introduction of digital technologies in all spheres of the economy, including the transformation of the development of the stock and financial markets nowadays. Results. The assessment of the state of securities markets in developed and developing countries is made on the example of the largest stock exchanges in Brazil and the United Kingdom. The features of the effective functioning of stock markets are revealed. The hypothesis is put forward about the insufficiency of research on the stock market of developed and developing countries and the mechanisms used having an insufficient impact on the development of the economy. From this point of view, an analysis of the dynamics of the current state of the issuers’ number and the dynamics of profitability of developed markets is carried out, the comparative capitalization volumes of the stock markets of Great Britain and Brazil are evaluated, and the weaknesses of their functioning are identified. Conclusions. The conducted research shows that countries, where stock markets are successfully functioning and developing, are catalysts for economic development and the accumulation of funds. Each country applies models of stock market development and a strategy for its regulation in accordance with the concept of a functioning market and its maturity.

The First Balkan War and the St. Petersburg Stock Exchange

2020 ◽  
Vol 2020 (11-1) ◽  
pp. 40-55
Author(s):  
Pavel Lizunov
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Stock Exchange ◽  
The State ◽  
Stock Exchanges ◽  
The Balkans ◽  
Military Conflicts ◽  
State Of Affairs ◽  
European Stock Markets

The article shows the reaction of European stock markets and, first of all, the St. Petersburg Stock Exchange to the First Balkan War. Stock market reports demonstrated that stock exchanges were sensitive to any troubling economic, political and military conflicts. Their mood changed depending on hostilities, rumors and false reports about the state of affairs in the Balkans.

scholarly journals ANALYSIS OF THE STATE MARKET FROM THE POSITION OF ITS IMPACT ON THE FINANCIAL ARCHITECTURE OF ENTERPRISES OF THE REAL ECONOMY

2019 ◽  
pp. 26-35
Author(s):  
M. Dushak
Keyword(s):  
Stock Market ◽  
Banking Sector ◽  
Bond Market ◽  
The State ◽  
Real Sector ◽  
Real Economy ◽  
Equity Structure ◽  
The Real ◽  
Financial Architecture ◽  
Public Offering

The stock market plays a significant role in financing the economic entities of the real sector of the economy. The ability to raise funds using stock market instruments makes it possible to expand significantly the scale of business activity. However, the presence of recurring financial crises in the financial sector and the weak development of the stock market make it impossible for enterprises to take full advantage of these opportunities. So it is important to evaluate the state and trends of the stock market in the context of using its funds to finance real sector enterprises. In the course of the research, the authors conclude that the largest segment of the Ukrainian stock market serves government-owned issuers and mainly conducts domestic government bond transactions. Only a small proportion of operations provide financing for the activity of enterprises through the issue of shares and bonds. This situation testifies to the “fictitiousness” of the stock market, as it does not fulfill its key function of attracting temporarily free funds by issuers. In addition, the stock and bond market in Ukraine is scanty. Issuers, intending to make a public offering of shares, must fulfill sufficiently high requirements for their own securities, which does not encourage them to use this mechanism. The situation is similar in the bond market: in most cases, the issuers will spend more time and resources to carry out the issue than borrowing from the banking sector. The above points to the low interest of issuers in the real sector of the economy to use stock market instruments to manage the equity structure. There is a need to develop effective measures to leverage the stock sector's capabilities to finance businesses in the real economy. Keywords: enterprise financial architecture, stock market, bond market, capital structure.

scholarly journals Horticulture Scenario in Tamilnadu: Progress and Constraints

2021 ◽  
Vol 9 (3) ◽  
pp. 29-35
Author(s):  
K Kesavalu ◽  
R Asokan ◽  
A Abdul Raheem
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Tamil Nadu ◽  
Poverty Reduction ◽  
National Level ◽  
The State ◽  
Important Species ◽  
Small Areas ◽  
Horticultural Crops ◽  
Plantation Crops

Horticulture is now acknowledged as being a vital driver for economic development, poverty reduction and enhanced nutrition for populations in developing countries. Tamil Nadu is one of the foremost horticulture States in India, contributing 7.7 percent to the national horticultural production with 5.7 percent of the national level area. The horticultural crops contain the remarkable potential for export earnings within the State. Cardamom and pepper are important species of Tamil Nadu; Plantation crops of Tamil Nadu are coffee and tea, and that they are traditionally exporting products. Flowers have small areas in Tamil Nadu, but the price of production per hectare is substantial. Palmarosa and indigo are cultivated in negligibly small rooms, mostly for export. Therefore, this paper examines the progress, problems and constraints of the horticulture scenario in Tamilnadu.

scholarly journals Influence of world stock markets on the development of the stock market in Ukraine

2021 ◽  
Vol 18 (4) ◽  
pp. 223-240
Author(s):  
Inna Shkolnyk ◽  
Serhiy Frolov ◽  
Volodymyr Orlov ◽  
Viktoriia Dziuba ◽  
Yevgen Balatskyi
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Mutual Influence ◽  
Stock Exchanges ◽  
World Federation ◽  
Pairwise Correlation ◽  
Stock Market Performance ◽  
The Us ◽  
The World ◽  
Global Stock Markets

Viewing the development of the stock market in Ukraine, the economy, which world financial organizations characterize as small and open, is largely determined by the trends formed by the global stock markets and leading stock exchanges. Therefore, the study aims to analyze Ukraine’s stock market, the world stock market, stock markets in the regions, and to assess their mutual influence. The study uses the data of the World Federation of Exchanges and National Securities and Stock Market Commission (Ukraine) from 2015 to 2020. Stock market performance forecasts are built using triple exponential smoothing. Based on pairwise correlation coefficients, the existence of a significant dependence in the development of the world stock market on the development of the American stock market was determined. Regarding the Ukrainian stock exchanges, only SE “PFTS” demonstrated its dependence on the US stock market. The results of the regression model based on an exponentially smoothed series of trading volumes in all markets showed that variations in the volume of trading on the world stock market are due to the situation on the US stock markets. Trading volume dynamics on Ukrainian stock exchanges such as SE “PFTS” and SE “Perspektiva” is almost 50% determined by the development of stock markets in the American region. Although Ukraine is geographically located in Europe, the results show a lack of significant links and the impacts of stock markets in this region on the major Ukrainian stock exchanges and the stock market as a whole.

Dynamic interactions between stock markets and the real economy

2016 ◽  
Vol 11 (4) ◽  
pp. 715-746 ◽  
Author(s):  
Nikiforos T. Laopodis ◽  
Andreas Papastamou
Keyword(s):  
Economic Development ◽  
Stock Market ◽  
Methodological Approach ◽  
Financial System ◽  
Cointegration Analysis ◽  
Policy Implications ◽  
Real Economy ◽  
Dynamic Interactions ◽  
Content Type ◽  
The Real

Purpose The purpose of this paper is to re-examine the relationship between a country’s aggregate stock market and general economic development for 14 emerging economies for the period from 1995 to 2014. Design/methodology/approach The methodological approach of the paper is multifold. First, the authors use cointegration analysis to determine the simple dynamics among the variables. Second, the authors utilize vector autoregression analysis to study the dynamics among the variables for the 14 countries. Third, the authors employ panel analysis to determine common variations among the variables and across countries. Findings When examining the linkage between the stock market and economic development, proxied by gross domestic product growth or with gross fixed capital formation growth, the authors did not find a meaningful relationship between them. However, when the authors included additional control variables strong, dynamic interactions between the two magnitudes surfaced. Specifically, it was found that the stock market is positively and robustly correlated with contemporaneous and future real economic development and, thus, it directly contributed to a country’s economic development either through the production of goods and services or the accumulation of real capital. Thus, it can be inferred that the stock market alone is not capable of boosting economic development in these countries unless being part of a comprehensive financial system (which includes banks) as well as investment in real capital. Research limitations/implications The policy implications are clear. Government authorities must recognize that the stock market alone is not a driver of economic development and that a sound, efficient financial system (which includes banks) must be present in order to contribute and foster economic development. Originality/value The study is original in the sense that it examines various financial and economic variables to determine the degree of (or dynamic interactions among) the stock market and the real economy for each and all emerging markets in the sample.

How can we Engineer Stock Markets like NSEIL with BSE SENSEX index data using String Theory

2018 ◽  
Vol 3 (1) ◽  
Author(s):  
Soumitra Mallick
Keyword(s):  
String Theory ◽  
Stock Market ◽  
Stock Markets ◽  
Consumer Choice ◽  
Optimal Growth ◽  
Stock Exchanges ◽  
Sales Volume ◽  
Fixed Prices ◽  
Optimal Growth Rate ◽  
Over Time

<span class="fontstyle0">This paper considers the problem of sustainably developing<br />stock exchanges like NSEIL and measurable index systems like BSE SENSEX by developing strategies to achieve sales volume which achieve optimal<br />growth rates. Experimental data on BSE SENSEX and Companies over time<br />are used which closely mimics now active NSEIL. This requires consideration<br />of consumer choice in intertemporal markets with endogenous stock market<br />products. A sequence of five steps is derived to characterize the venturing<br />technology which will achieve such desired stock market sales volume with<br />fixed prices and hence the optimal growth rate. It is derived how String Theory is sufficient to build such stock markets in value and volumes by using<br />depositories. </span>

scholarly journals RELATIONSHIP OF STRUCTURAL POLICY OF THE STATE AND MODERNIZATION OF THE REAL SECTOR OF ECONOMICS

2018 ◽  
pp. 84-94
Author(s):  
S. SOLODOVNICOV
Keyword(s):  
The State ◽  
Real Sector ◽  
Structural Policy ◽  
The Real ◽  
Relationship Of

В статье выявлена взаимосвязь структурной политики государства и модернизации реального сектора экономики, что позволило сделать вывод о необходимости парадигмальной замены модели выживания отечественных предприятий реального сектора экономики на модель новой индустриализации, т. е. на формировании новой структуры народного хозяйства, основой которой должен стать сверхиндустриальный промышленный уклад. Определены мероприятия, которые надо системно реализовать для создания оптимальных условий реализации этой модели в Республике Беларусь.

scholarly journals The Future of Banking System and Economic Development in Nigeria

2015 ◽  
Vol 20 (1) ◽  
Author(s):  
Olu Ajakaiye ◽  
M. Adetunji Babatunde
Keyword(s):  
Economic Development ◽  
Business Model ◽  
Commercial Banks ◽  
Banking System ◽  
Bank Lending ◽  
Real Sector ◽  
The Real ◽  
Access To Credit ◽  
The Future ◽  
Banking Business

This study examined the future of banking system and economic development in Nigeria in the context of the demand following hypothesis. Although, the Nigerian economy has witnessed steady growth, the productive base of the economy is narrow. This therefore requires that banks must engage in an effective financial intermediation process to aid the transformation of the real sector as an engine of growth. However, while the deposits mobilized and assets base of the commercial banks has increased in leap and bounds, the real sector access to credit is on the decline. Rather, the bulk of the funds are invested on government short term securities given their risk free characteristics which reflect the lazy bank syndrome. Prohibitively high cost of credit and existence of hidden charges also inhibit real sector access to commercial banks loan. Hence, to reconnect the banking system with the real sector, there is a need to discourage armchair banking business model and encourage supportive banking business model, lending and secure appropriate maturity profile of loans to the real sectors, promote modified collateral bank lending model, and encourage specialization of bank branches. These are expected to aid the growth of the real sector and fast track the process of economic development in Nigeria.

scholarly journals Integration of Ukraine into European Union securities market

2021 ◽  
Vol 69 (2) ◽  
pp. 168-178
Author(s):  
M. Savchenko
Keyword(s):  
European Union ◽  
Stock Market ◽  
Stock Markets ◽  
Rapid Development ◽  
Legal Regulation ◽  
Securities Market ◽  
Stock Exchanges ◽  
The European Union ◽  
Eu Countries ◽  
The Eu

The paper deals with the main parameters of the Ukrainian securities market at the current stage, identifies its functioning problems, gives a set of measures for the effective implementation of Ukraine's desire to integrate the national stock market into the European Union. Compared with the stock markets of the EU countries, the domestic securities market is underdeveloped, poorly regulated and illiquid, therefore there is the need to develop it and implement the European legislative initiatives. The paper covers the basic laws in the field of legal regulation of the Ukrainian and EU securities market. The investigation includes the results of the research of the current experience in leading European countries in terms of capitalization of the largest stock exchanges in Europe. The classification of 5 largest European stock exchanges is given and the influence of COVID-19 virus on their activity is analyzed. The main trends in the field of securities investment market of the largest stock exchanges in Europe and Ukraine are led. While examining statistical data concerning the capitalization of European stock exchanges in comparison with the PFTS of Ukraine in 2019, the LSE (London Stock Exchange) ranks 1st with €3.86 bn., 2nd place is taken by Euronext – €3.4 bn., 3rd place by Deutsche Börse having capitalization volume at the level of €1.9 bn., and PFTS Ukraine – €0.17 bn., which indicates that Ukrainian securities market is insufficiently elaborated. Nowadays, the Ukrainian securities market repeats European historical development trends, and at this stage it largely depends on the directions of development that international stock markets can take. Changes in European securities markets are extremely rapid and require competent response from regulatory structures. The rapid development of the European stock market, accompanied by the emergence of advanced technologies in the field of securities and new financial instruments, make it necessary to monitor all the changes and innovations that happen in the Ukrainian securities market in order to develop more effective recommendations for improving its functioning and regulation. In addition, integration with the European Union requires deeper and more radical reforms of the domestic state administration, macroeconomic regulation, property relations, and anti-corruption policy. Only a large-scale and complete reform will enable progressive renewal and effective, socially responsible integration into the EU countries, taking into account national interests.

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