scholarly journals Exit the main stream ! Options to restore financial markets at the end of the neoliberal disaster

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Stachuletz Rainer ◽  
Herr Hansjörg
Keyword(s):  
Financial Markets ◽  
Research Work ◽  
Financial System ◽  
Main Stream ◽  
Real Economy ◽  
Short Term ◽  
Rating Agencies ◽  
System A ◽  
Financial Behaviour ◽  
Global Financial System

In the context of the currently ongoing financial crisis some research work has been done to outline the major weaknesses of the deregulated and liberalized financial system architecture. A growing shadow-financial system, the abuse of investment techniques and the available financial instruments, accompanied by poorly performing and overestimated rating agencies, short term oriented financial behaviour and a poorly developed regulatory and supervisory environment led to a two-digit trillion Dollar damage. The system has in parts lost its function to efficiently intermediate between savers and borrowers and thus became a continuous threat to the value creating real economy. To restore the functionality of the financial system a set of measures is discussed. The Vietnamese financial system partially mirrors weaknesses of the current global financial system, although its particular strengths and weaknesses have to be considered separately as they are borne by the specific features of the Vietnamese economic system.

EVALUATION OF FINANCIAL SECURITY OF THE REPUBLIC OF CRIMEA

2020 ◽  
pp. 56-67
Author(s):  
Elena Evgenevna Mashyanova ◽  
Elena Aleksandrovna Smirnova
Keyword(s):  
Financial Markets ◽  
Negative Impact ◽  
Gradual Increase ◽  
Financial System ◽  
Financial Security ◽  
Key Factors ◽  
Factors Affecting ◽  
External Threats ◽  
The Republic ◽  
Global Financial System

In modern conditions of development, financial security is an integral part of the overall security of the region and is formed on the basis of the functioning of the financial system. The complication of relationships between key segments of international financial markets, as well as the limited ability to accurately predict future trends in the development of the global financial system, lead to a gradual increase in the risks that accompany the activities of economic entities, and an increase in the number and scale of internal and external threats that have a negative impact on the financial security of the state. This formulation of the issue requires generalization of approaches to determining the financial security of the region in order to further formalize this issue and determine the key factors affecting it. The article considers the types of financial security, as well as certain areas of ensuring the financial security of the region and their priority. In work the assessment of the level of socio-economic development of the region with a view to ensuring financial security on the basis of which offers the main activities and priority areas of implementation of the investment policy that will ensure financial security of the Republic of Crimea.

scholarly journals Forecasts, ethics and financial behaviour: Another reading of economic crises

2011 ◽  
Vol 1 (2) ◽  
pp. 7-13
Author(s):  
Miia Parnaudeau ◽  
Elisabeth Paulet
Keyword(s):  
Business Cycles ◽  
Financial Markets ◽  
Final Section ◽  
Subprime Crisis ◽  
Real Economy ◽  
Ethical Practices ◽  
Economic Agents ◽  
Financial Behaviour ◽  
The Uk ◽  
European Economies

The forecasts of economic agents are not without influence on financial markets‟ fluctuations. The recent subprime crisis has shown that incorrect use of information available on the markets added to the creation of complex financial instruments can have major consequences, not only in financial terms, but also on the real economy. Based on a study of three European countries, France, Germany and the UK, the goal of this paper is to assess how more ethical practices among economic agents can reduce the volatility of financial markets and stabilise the business cycles. This should lead to greater stability for European economies. After discussing the various possible forms that the forecasts of economic agents can take, we will study their correlation with business cycles. The final section will be dedicated to formulating various hypotheses and scenarios for explaining speculative cycles and how to control them with more ethical practices.

scholarly journals IMF COVID-19 Response—A New Short-Term Liquidity Line to Enhance The Adequacy Of The Global Financial Safety Net

Policy Papers ◽  
2020 ◽  
Vol 20 (25) ◽  
Author(s):  
Keyword(s):  
Developing Countries ◽  
Emerging Market ◽  
Financial System ◽  
Safety Net ◽  
Short Term ◽  
Key Features ◽  
Global Uncertainty ◽  
Global Financial System ◽  
New Facility ◽  
Financial Safety Net

The COVID-19 pandemic has created severe disruption in the global financial system, with many emerging market and developing countries (EMDCs) facing liquidity shortages. In the context of intensified demand for liquidity and heightened global uncertainty, staff has revisited the 2017 proposal for a new facility to provide liquidity support to the Fund’s membership. This paper proposes the establishment of a new Short-term Liquidity Line (SLL) as a special facility in the General Resources Account (GRA), based on the key features of the 2017 blueprint.

Brazil impeachment battle will do short-term damage

2015 ◽  
Keyword(s):  
Financial Markets ◽  
First Year ◽  
Real Economy ◽  
Short Term ◽  
Content Type ◽  
The Real ◽  
The Government ◽  
Legal Grounds ◽  
Deep Recession ◽  
Foregone Conclusion

Significance This comes near the end of a tremendously challenging first year of Rousseff's second term, marked by collapsing popularity, mass protests and deep recession. However, impeachment is far from a foregone conclusion. The legal grounds are unclear and the government seems more likely than not to have enough congressional support to stave off the process. Indeed, the timing could increase the odds that Rousseff will complete her term. Impacts Financial markets will be especially volatile in the coming months. At best, a recovery in the real economy will not start before late 2016 or even 2017. Nevertheless, impeachment turbulence could gradually lead to more stable politics.

scholarly journals The Institutional Financial Market’s Infrastructure: Theoretical and Practical Aspects

2021 ◽  
Vol 25 (1) ◽  
pp. 130-135
Author(s):  
Natalia Sirenko ◽  
◽  
Olena Bodnar ◽  
Nataliia Shyshpanova ◽  
◽  
...  
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Financial Institutions ◽  
Mixed Model ◽  
Financial System ◽  
Real Economy ◽  
Stage Of Development ◽  
Theoretical Approaches ◽  
Definition Of ◽  
Current Stage

Annotation. Introduction. The relevance of the study is conditioned to the significant influence of modern financial markets on the real economy and social development as a whole. Purpose. The purpose of the article is to generalize the theoretical provisions for determining the model of the financial market, highlighting the elements of the financial market infrastructure, analysis of the development of the domestic financial market. Results. We have done the characteristic of the current stage of the financial system’s and financial market’s development. Denotes the inhomogeneity of the existing theoretical approaches to the definition of a financial market and its structural classification, with emphasis on the importance of the institutional component. We have done the analysis of the different models (types) of the financial system and financial markets and the factors determining the use of these models in different countries. Background of selection of so-called mixed model of the financial system in Ukraine are systematized, when equal opportunities and rights, with no serious legislative restrictions and financial transactions are carried out banking and non-banking financial institutions. The current stage of development of the domestic financial market is characterized by a dominant share of universal banks, but the industry non-bank financial institutions has also received its development, which generally creates a competitive environment for all market participants. At the same time, certain non-bank credit institutions, recently appeared on the market and very dynamic, require special attention from the mega-regulator. Conclusions. In this regard, we have done the conclusion about the need to improve legislation in the field of financial markets and to ensure an acceptable level of control. Keywords: financial market; financial system; banking and non-banking financial institutions.

The Global Financial System: A Functional Perspective.

1997 ◽  
Vol 52 (2) ◽  
pp. 915
Author(s):  
Mark R. Eaker ◽  
Dwight B. Crane ◽  
Kenneth A. Froot ◽  
Scott P. Mason ◽  
Andre F. Perold ◽  
...  
Keyword(s):  
Financial System ◽  
Functional Perspective ◽  
System A ◽  
Global Financial System

scholarly journals The Credit Rating Agencies and Their Role in the Financial System

2019 ◽  
Author(s):  
Lawrence J. White
Keyword(s):  
United States ◽  
Financial Markets ◽  
Financial Institutions ◽  
Credit Rating ◽  
Financial System ◽  
The United States ◽  
Credit Rating Agencies ◽  
Financial Instruments ◽  
Rating Agencies ◽  
System P

Despite extensive criticism, the major credit rating agencies (CRAs)—Moody’s, Standard & Poor’s, and Fitch—remain central entities in the financial markets of the United States and Europe, especially with respect to bonds and similar financial instruments. This chapter provides a discussion of the role that the CRAs continue to play in the financial system and how and why they play that role. After a brief overview of the CRAs as providers of information that lessens the problems of asymmetric information in lending/borrowing markets, the chapter discusses the expanded use of the CRAs’ ratings in the prudential regulation of financial institutions and the problems that contributed to the financial crisis of 2008. The chapter concludes with a discussion of the likely direction of the CRAs and their regulation.

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