scholarly journals Forming of Organizational and Economic Mechanism of the Cryptocurrency Market for the Countries with Position of Anticipation

2020 ◽  
Vol 8 (6) ◽  
pp. 72-79
Keyword(s):  
Legal Status ◽  
Free Market ◽  
Modern Society ◽  
Information Support ◽  
Market Exchange ◽  
Electronic Money ◽  
Economic Mechanism ◽  
High Investment ◽  
Market Exchange Rate ◽  
Software Code

The article reveals the economic essence of cryptocurrency as an information and technological innovation. The authors have determined that cryptocurrency is a universal global means of payment, exchange, and investing, which exists in the form of a highly protected software code and is characterized by a free market exchange rate. Having considered technical, technological, and organizational aspects of using cryptocurrencies, the authors carried out the comparison of electronic money and cryptocurrency. The done analysis of markets and types of cryptocurrencies has enabled to form a ranking of cryptocurrencies by level of capitalization. The article describes the dynamics of the growth of cryptocurrency market capitalization and the domination of a Bitcoin’s market share. The authors have ascertained strengths of Bitcoin, which had allowed this cryptocurrency to become a useful international means of payment with the high investment potential. The article examines weaknesses of the exchange of cryptocurrency both ordinary consumers and governments. The authors have proven that institutionalization ensured by the formal and informal establishment of rules for functioning of cryptocurrency is necessary for effective functioning of cryptocurrency. The authors have substantiated three positions of institutional support describing the attitude of countries to functioning of a cryptocurrency market: a loyal position, categorical position, and position of anticipation. The authors have developed an organizational and economic mechanism for forming a cryptocurrency market based on functions, methods, and tools of management and suggested directions for undertaking a policy in the sphere of functioning of a cryptocurrency market for countries with the position of anticipation. The process of virtualization of modern society is inevitable. Сountries with the position of anticipation should support the course on innovation by solving a range of regulatory, technical and information issues on the development of the cryptocurrency market, based on leading international experience. The primary tasks should be: granting the legal status of cryptocurrency and developing rules for its circulation, introduction of technological innovations with the participation of the state, large corporations and venture funds, creation of an open ecosystem for interaction of all participants, as well as wide information support at all levels.

scholarly journals Features of Inheritance of Cryptocurrency Assets

2021 ◽  
Vol 10 (1) ◽  
pp. 103-122
Author(s):  
Oleksandr Omelchuk ◽  
Inna Iliopol ◽  
Snizhanna Alina
Keyword(s):  
Legal Status ◽  
Legal Regulation ◽  
European Countries ◽  
Electronic Money ◽  
Applicable Law ◽  
Legal Nature ◽  
The World ◽  
Functional Features ◽  
Made In

The article analyzes the legal nature and specific of legal regulation of cryptocurrency in order to reveal the features of inheritance of cryptocurrency assets. The article aims to reveal whether it is possible to inherit cryptocurrency in terms of the existent legislation and if so, what kind of peculiarities of cryptocurrency should be considered. The financial and legal nature of cryptocurrency are described in the article. The main differences between cryptocurrency and traditional electronic money are revealed. The current legislation of Ukraine and some European countries on cryptocurrency legal status is analyzed. It is stated, that in most countries of the world, cryptocurrency is not considered to be money or currency, but rather a kind of property. It is noted, that while solving the issue of inclusion of cryptocurrency assets in the legacy, it is necessary to take into account the functional features of cryptocurrencies in general and the specifics of a particular type of cryptocurrency. Most of the benefits of cryptocurrencies for their owner (such as anonymous character) are obstacles to their inheritance according to the procedures provided by applicable law. The classification of the methods of inheritance of cryptocurrency assets is made in the article. The differences in the inheritance of cryptocurrency and tokens are revealed.

scholarly journals The structure and features of the civil status of an individual entrepreneur in modern Russia

2021 ◽  
Vol 7 (3C) ◽  
pp. 424-442
Author(s):  
Dina Viktorovna Alontseva ◽  
Sergey Vladimirovich Vorobyev ◽  
Olga Anatolyevna Lavrishcheva
Keyword(s):  
Russian Federation ◽  
Legal Status ◽  
Modern Society ◽  
Practical Significance ◽  
Federal Law ◽  
Legal Nature ◽  
Civil Status ◽  
General Scientific ◽  
The Russian Federation ◽  
Made In

Based on the analysis of the modern legislation of the Russian Federation and taking into account the existing scientific concepts, the authors studied in detail the legal nature and identified the features of certain types of legal statuses of an individual entrepreneur, as well as revealed the structure and analyzed in detail the specifics of the civil status of an entrepreneur in modern Russia. As a result of the conducted research, the author's concept of the "civil status of an individual entrepreneur" was formulated and the need for the adoption of the Federal Law "On the legal status of an individual entrepreneur in the Russian Federation" was justified. The practical significance of the work is determined by the fact that the conclusions made in the course of the study can contribute to improving the legal status of entrepreneurs in modern society at the legislative level. The methodological basis of this study was made up of general scientific, private and special methods of cognition.

scholarly journals ORGANIZATIONAL AND ECONOMIC MECHANISM FOR MANAGING MARKETING TESTING OF MARKET PROSPECTS PRODUCT INNOVATIONS OF INDUSTRIAL ENTERPRISES

2021 ◽  
Author(s):  
Yeugene Nagornyi ◽  
Svitlana Berezova
Keyword(s):  
Product Innovation ◽  
Methodological Approach ◽  
Objective Assessment ◽  
Information Support ◽  
External Information ◽  
Economic Mechanism ◽  
Industrial Enterprises ◽  
Innovation Activities ◽  
Product Innovations ◽  
Innovation Cycle

The success of innovation activities of industrial enterprises to create product innovations depends on many factors. One of the main factors in this list is an objective assessment of their market prospects. This assessment can be carried out using the procedure of marketing testing, as it contains necessary methodological support and tools to determine the commercial prospects of product innovation at each stage of the innovation cycle. The effectiveness of marketing testing largely depends on how successfully organized this process in the enterprise, which actualizes the development of organizational and economic mechanism for managing marketing testing of market prospects for product innovations. This research is devoted to this question. The article presents the organizational and economic mechanism for managing marketing testing of market prospects of product innovations of industrial enterprises. The developed mechanism contains: subsystem of information support (internal and external information), target subsystem (tasks and purposes, criteria and principles of management of marketing testing), control subsystem (subjects which carry out management and functions which they carry out), the managed subsystem (divisions of the enterprise). Involved in marketing testing), providing a subsystem (methods and resources of management) and a subsystem of controlling the procedure of marketing testing of market prospects of product innovations. The mechanism also includes a subsystem of marketing testing, which consists of the author’s theoretical and methodological approaches to assessing the market prospects of product innovations at the stages of the innovation cycle of their development. It is based on the following approaches: theoretical and methodological approach to foresight research of future needs in product innovations; theoretical and methodological approach to the criterion base of evaluation and selection from a number of alternatives of innovative projects for the development of product innovations; theoretical and methodological approach to marketing testing and evaluation of market prospects of product innovations; theoretical and methodological approach to the diagnosis and strengthening of consumer capital of the enterprise; methodical approach, by which decisions are made on the readiness of product innovations to enter the market and complete the work on the procedure of marketing testing. The marketing testing mechanism contains the relationships between the subsystems (influence, coordination, and adjustment, feedback) to obtain an overall result. The result of the implementation of the proposed mechanism is tested for market success, developed product innovation, which is ready for commercialization, which is predicted to succeed, and the developer, thus, will receive all planned revenues and profits from its sale on the market. The conducted analysis is a future basis for the implementation of the developed organizational and economic testing mechanism in the practical activities of domestic innovative industrial enterprises.

Misaligned Market

2011 ◽  
pp. 441-457
Author(s):  
Ruey-Lin Hsiao
Keyword(s):  
Supply Chain ◽  
Technology Adoption ◽  
Product Quality ◽  
Free Market ◽  
Business Environment ◽  
Market Exchange ◽  
Agricultural Market ◽  
Agricultural Industry ◽  
Contextual Features ◽  
Product Specification

This article examines e-marketplace adoption difficulties from a contextualist perspective. The analysis of industrial characteristics will unearth the adopter’s supply chain practices and the contextual features which are unfavorable for e-marketplace deployment. To gain a deeper understanding, this research examines an unsuccessful e-marketplace adoption for agricultural industry in China. The tension created by the these two incongruent contexts results in a misaligned market, as a free-market principle (assumed to be an integral part of the e-marketplace) is imposed on an agricultural market exchange which is characterized by a regulated business environment and a monopolistic market, and which emphasizes variances in product quality, tacit product specification, exclusive suppliers, and spotty purchasing. Practical and theoretical implications of the findings are discussed with reference to technology adoption and technology-organization alignment literature.

Chapter I. The Home Economy

1990 ◽  
Vol 131 ◽  
pp. 6-23
Keyword(s):  
Market Exchange ◽  
Full Membership ◽  
Full Member ◽  
Market Exchange Rate ◽  
The Government ◽  
Run Up ◽  
The One ◽  
The Uk ◽  
The Right

The probability has increased that the UK will become a full member of the EMS before the next general election. The issue is by no means settled, but full membership now seems the right assumption to make for the forecast. The precise timing is difficult to foresee: on the one hand the present economic situation in this country makes an immediate move difficult, on the other hand the Government might be loath to make the move in the run-up to the election. Fortunately the choice of the exact date is not very material to the forecast. We have assumed the fourth quarter of the year is the date of entry. A more important question concerns the terms on which the UK joins: whether sterling joins at the market exchange rate of the day and the width of the band within which it can fluctuate.

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