scholarly journals 2008 Global Financial Recession Impact on Yemen’s Economy and Oil Industry

2020 ◽  
Vol 5 ◽  
pp. 46-60
Author(s):  
Abdulghani Gaghman
Keyword(s):  
Trade Balance ◽  
Negative Impact ◽  
Full Employment ◽  
Banking System ◽  
Critical Discussion ◽  
Foreign Banks ◽  
Global Crisis ◽  
Economic Event ◽  
Macroeconomic Indicators ◽  
The Government

Yemen as an oil exporting country with relatively larger populations and modest oil resources has witnessed a sharp deterioration in their public finances and current account balances in 2008-2009, as a result of financial crisis mainly lower oil prices leading to a weakening of the economy.This study targeting the global crisis impact on Yemen’s economy, by analysis the macroeconomic indicators to understand how much the government achieve in term of economic efficiency which reflected in economic growth, full employment, trade balance and price stability. Yemen has less developed monetary banking system and relatively minor exposure to foreign banks, which result in fair impact from the financial global crisis. However, the government can’t sustain exchange rate and stabilize the price the non-oil declined by 3% of the determined gross domestic product (GDP) in 2009, from 6.98% in 2008. This paper found that the crisis has negative impact on the government revenues, trade balance and significant reduction in foreign direct investment (FDI), caused reduction in spending and widened the deficits in the budget and the balance of payments. Real growth has been achieved relatively high rates and through precisely the crisis. The revenues declined more than 10% in 2009 and government expenditures reduced with regards to decline in oil revenues and service delivery. The government responses were successful in the monetary policy side, but with lots of blurred in the fiscal policies which was subject for critical discussion and assessment. This paper concluded that to improve the overall Yemen’s economy and avoid any unpleasant economic event in the future, government should have a strategic plan to achieve sustain growth rate by diverse outcome resources, support the private sector and encourage investments.

Marketing of Banking Services in India

2017 ◽  
pp. 107-133
Author(s):  
Rakhi Arora
Keyword(s):  
Banking Sector ◽  
Technological Development ◽  
Banking System ◽  
Foreign Banks ◽  
Indian Society ◽  
Reserve Bank ◽  
Nationalised Banks ◽  
The Government ◽  
Indian Banks ◽  
Reserve Bank Of India

Banking sector plays an important role in Indian Financial Sector.It has a long history that has gone through various stages of development after Liberalization, Privatization, and Globalization (LPG) has taken place. The Indian banking sector is broadly classified into scheduled banks and non-scheduled banks. The scheduled banks are those included under the 2nd Schedule of the Reserve Bank of India Act, 1934. The scheduled banks are further classified into: nationalised banks; State Bank of India and its associates; Regional Rural Banks (RRBs); foreign banks; and other Indian private sector banks, which are controlled and governed by Reserve Bank of India (Central Bank of India) and Ministry of Finance. In this era, the government has issued licenses to the new entrants to establish new banks to serve the Indian society. This chapter focuses on to show the various undergone phases of Indian banking system, growth of deposits and credits, technological development in Indian banking sector, services provided by the Indian banks, benefits and challenges faced by the Indian banks.

scholarly journals ВПЛИВ ІНОЗЕМНОГО КАПІТАЛУ НА БАНКІВСЬКУ СИСТЕМУ УКРАЇНИ В УМОВАХ ГЛОБАЛІЗАЦІЇ

2019 ◽  
pp. 66-75
Author(s):  
М. С. Татар ◽  
Ю. А. Нужнова ◽  
К. М. Рябус
Keyword(s):  
Banking Sector ◽  
Foreign Capital ◽  
Negative Impact ◽  
System Development ◽  
Banking System ◽  
Negative Influence ◽  
Foreign Banks ◽  
System Stability ◽  
Practical Significance ◽  
Foreign Banking

Formulation of the problem. In the last five years the number of insolvent banking institutions was reduced, however, the percentage of banks with foreign capital in the total number of banks was increased, which may affect the banking system stability and require a research of the positive and negative effects of foreign banks on Ukraine banking system. The aim of the research is analizing trends of the foreign capital presence in Ukraine banking sector and determination its positive and negative impact on Ukraine banking system. The subject of the research is the activity of foreign banks in Ukraine. The methods of the research: logical and meaningful method, method of comparison, methods of induction and deduction, etc. The hypothesis of the research. Existence of significant influence of foreign capital on Ukraine banking system. The statement of basic materials. The main tendencies of development of Ukrainian banks and place in ratings of state-owned banks and banks of foreign banking groups are analyzed. It has been found that according to different ratings, banks of foreign banking groups occupy the first leading five positions in the rating, while banks with state-owned shares occupy mostly middle positions. The positive and negative influence of the presence of foreign banks in the territory of Ukraine on the banking system of Ukraine is analyzed. The originality and practical significance of the research is determination the positive and negative impact of foreign capital banks on Ukraine banking system. Conclusions and perspectives of further research. Positive and negative influence of presence of foreign capital banks on the Ukraine banking system is analyzed, which is the basis for further research, in which it is planned to quantify the power of influence of individual banks with foreign capital on Ukraine banking system development, to determine the effectiveness of attracting foreign banking capital in Ukraine, to form a mechanism for admission of banks with foreign capital to the domestic banking services market.

scholarly journals CONTRADICTIONS, PROBLEMS AND SPECIAL ASPECTS OF INVESTMENT ACTIVITY OF THE BANK OF RUSSIA

2017 ◽  
Vol 2017 (3) ◽  
pp. 55-62
Author(s):  
Александр Матросов ◽  
Alexander Matrosov
Keyword(s):  
Comparative Analysis ◽  
Economic Effect ◽  
Banking System ◽  
Specific Weight ◽  
Foreign Banks ◽  
Investment Activity ◽  
General Scientific ◽  
The Russian Federation ◽  
The Government ◽  
National Banking System

<p><span>Subject. The paper is devoted to the features of investment activities of the Bank of Russia. Purpose and tasks. The research features the content and the investment activity analysis of the Bank of Russia. Methodology. The methodological basis of the research is made by general scientific method and comparative analysis. Results. The carried-out comparative analysis has allowed the author to reveal contradictions and features of investment activities of the Bank of Russia as well as to designate its problems. The author has analyzed the structure of investments of the Bank of Russia and the central foreign banks, the dynamics of investments of the Bank of Russia in securities of foreign issuers and means of the Government of the Russian Federation and specific weight of assets of the central bank in the national banking system. Conclusions and Significance. The research conducted in this article allows one to claim that the Bank of Russia, as a subject of investment activities, displays a number of general and specific contradictions. The fundamental contradiction of investment activities proves to be that between profitability, liquidity and risk. The paper offers some approaches to rationalization of investment activities </span><span>of the Bank of Russia and increase in its efficiency within preservation of a priority of the </span><span>regulating functions over obtaining positive economic effect.</span></p>

scholarly journals Challenges and risks in the process of Russia’s post-pandemic economic recovery

2021 ◽  
pp. 133-138
Author(s):  
O. M. Makhalina ◽  
V. N. Makhalin
Keyword(s):  
Structural Changes ◽  
Negative Impact ◽  
Action Plan ◽  
Sustainable Growth ◽  
National Action Plan ◽  
Russian Economy ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Government

The COVID-19 pandemic in 2020 has had a negative impact on economies around the world. The article analyses the macroeconomic indicators characterising the Russian economy after the COVID-19 pandemic. The results of this action on Russia’s global indicators have been compared with those of some countries in the world. The objectives and activities of the “National Action Plan for Employment and Income Recovery, Economic Growth and Long-Term Structural Changes in the Economy” (hereinafter the “National Action Plan”) have been considered. This document sets out the country’s development over the next two years and measures to recover the economy from the COVID-19 pandemic. The Government of the Russian Federation is allocating 5 trillion roubles for the implementation of the “National Action Plan”. Meanwhile, the main objective is to ensure a sustainable economic development and income growth path within two years. The indicators of the main goal to be achieved by the end of 2021 are: sustainable growth of the personal income; reduction of unemployment to 5%; growth of the gross domestic product by 2.5% per annum. In conclusion, the challenges and risks in implementing the “National Action Plan” have been formulated. 

scholarly journals Evaluation of the effectiveness of national policies of minimization of consequences COVID-19 pandemics

2021 ◽  
Vol 1 (4(57)) ◽  
pp. 38-44
Author(s):  
Oksana Okhrimenko ◽  
Oleksii Zrobok
Keyword(s):  
Business Processes ◽  
Negative Impact ◽  
Methodological Approach ◽  
National Policy ◽  
Banking System ◽  
Negative Consequences ◽  
National Policies ◽  
Global Indices ◽  
Macroeconomic Indicators ◽  
Economic Trends

The object of research is the effectiveness of the implementation of measures within the national policy to minimize the effects of the COVID-19 pandemic in individual countries. One of the most problematic places is the formation of a policy to minimize the consequences of the COVID-19 pandemic, which would take into account the specifics of the national economy, its margin of safety and aimed at achieving the goals of stabilizing negative economic trends. The pandemic has led to forced quarantine restrictions, which have had a negative impact on national economies. The inability to set up full-fledged business processes has led to rising unemployment and social tensions. An analysis of the main directions of the policy of minimizing the consequences of the pandemic of individual countries that made up the analytical sample. The main characteristics of the measures taken to minimize the effects of the pandemic, aimed at stabilizing the situation in the most crisis segments of the economy: financial assistance to small and medium-sized businesses, tax benefits, job creation and unemployment benefits, stabilization of the budget and banking system. The study used a comparative analysis of the effectiveness of the pandemic confrontation through the prism of the adopted policy by analysing the dynamics of key macroeconomic indicators. This methodological approach involves the involvement of a large database, which presents the main macroeconomic indicators of individual countries and the study of the main parameters of national policies. This ensures that links are identified and that the results of the planned activities are compared. In comparison with known similar methods, this approach allows adding to the base of comparison global indices depending on the purpose of the study and to transform its subject. In the applied aspect, the evaluation of the policy of confronting the pandemic will minimize the cost of time and resources to select and justify effective measures to minimize the negative consequences of unforeseen events and forecast economic trends.

scholarly journals Krisis Global dan Pertumbuhan Ekonomi di Indonesia

2021 ◽  
Vol 10 (1) ◽  
pp. 46-55
Author(s):  
Neli Aida ◽  
Fadeli Yusuf Afif ◽  
Tantri Siwi Peni
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Unit Root Test ◽  
The United States ◽  
Global Crisis ◽  
Correction Model ◽  
The Government ◽  
Short Time ◽  
The Impact

This study aims to analyze the impact of the global crisis that occurred in 2008 on economic growth, the trigger for the crisis, namely an increase in credit accumulation in a large amount and in a short time in the United States (US), this increase led to an increase in bad credit so that it was quite large in the world economy. Economic growth, the global crisis, investment, exports, and labor are variables that will be obtained from the Central Statistics Agency, the Investment Coordinating Board, and others. The result of the unit root test and cointegration shows that the Error Correction Model is the chosen model. The results showed that the global crisis had a significant and negative impact on economic growth in Indonesia, while exports, labor, and investment had a significant and positive impact. Therefore, the government must maintain the balance of the economy to prevent a crisis, as well as the need to encourage investment, exports, and human resources to encourage increased economic growth.  

scholarly journals The impact of the banking system concentration level and the pandemic on the Georgian banking sector

2021 ◽  
Vol 5 (1) ◽  
pp. 24-32
Author(s):  
Ana Guruli
Keyword(s):  
Economic Development ◽  
Banking Sector ◽  
Concentration Level ◽  
Negative Impact ◽  
Banking System ◽  
Banking Market ◽  
National Bank ◽  
Small Banks ◽  
The Government ◽  
The Impact

Introduction. The importance of the banking sector is vital for the economic development of any country, since it is the main structural unit of monetary use, which plays the greatest role in the development of the state. As in all markets, we are faced with competition in the banking market, which is characterized by certain specifics, since the main product is money that cannot be replaced by other goods, and the main purpose of competition is to gain an advantage among agents operating in the same market, which is reflected in the final profit. The more the banking market develops and the more diversified the services offered to clients, the more the role of competition in the banking sector increases. The spread of the pandemic not only impeded the development of healthy competition, but also called into question the normal functioning and development of the banking sector. Aim and tasks. The aim of the study is to determine the level of competition in the Georgian banking sector by the method of identifying total assets and net loans, which aims to identify the causes of the market concentration level and find solutions, as well as to determine and assess the shock effects of the pandemic, because The pandemic period has become an even bigger challenge for the Georgian banking sector, where most of the market players occupy a small volume of the market, the National Bank of Georgia is actively trying to keep up with the challenges, and in order to mitigate the negative impact caused by the pandemic Results. The results of the study showed the monopoly functioning of the market, which is an obstacle to the development of a competitive market, resulting in unhealthy functioning of the market and the development of a flexible banking system, which ultimately negatively affects the stability of the country's economic development. As for the post-pandemic situation, it has been dealt with quite positively in Georgia, with the management of loan and deposit portfolios successfully managed through a temporary supervisory plan developed by the government, which has not been followed by outflow of funds from banks and loan portfolio mismanagement. Conclusions. In conclusion, it should be noted that in a highly concentrated market, small banks should be promoted with various legislative benefits, which will lead to competition, it is possible to impose a so-called "Capital tax", which implies high demands on capital, it will allow small banks to develop in a healthy competitive environment. Despite the fact that no bank was disrupted during the virus shock in Georgia, the financial result was so unfavorable, it was damaged, the main reason for which was the provision of possible losses on loans, which amounted to a total of 1.22 billion GEL, the National Bank of Georgia is actively trying to keep up with the challenges.

scholarly journals Dynamic Effects of Corruption on General Government Final Consumption Expenditure: Evidence from OECD Countries

2021 ◽  
Vol 66 (4) ◽  
pp. 551-567
Author(s):  
Emin Efecan Aktaş
Keyword(s):  
Negative Impact ◽  
Panel Data Analysis ◽  
Empirical Studies ◽  
Oecd Countries ◽  
Public Expenditures ◽  
Consumption Expenditure ◽  
Final Consumption ◽  
Corruption Index ◽  
Macroeconomic Indicators ◽  
The Government

The relationship of corruption with macroeconomic indicators and its widespread negative impact over the years has been the subject of many empirical studies. Public expenditures, which are among these macroeconomic indicators, are one of the fiscal policy tools and their size and amount can be alternated by policymakers who gain an advantage from corruption. In this respect, the effect of corruption on the government final consumption expenditure is interrogated by System Generalized Methods of Moment panel data analysis in this study. Using four different corruption indexes in terms of robustness check, and forecasting covering the 2002–2018 period for 37 OECD countries proclaim that the corruption indexes in 3 models are significantly and positively related to public expenditures, while the other corruption index is positively but insignificantly correlated.

scholarly journals THE DIGITAL BANKING IN INDIA-RECENT TRENDS, OPPORTUNITIES AND CHALLENGES

2020 ◽  
pp. 1-4
Author(s):  
Shahabas Ahmed C.B ◽  
Sreeju V. V.*
Keyword(s):  
Developing Countries ◽  
Mobile Phones ◽  
Banking System ◽  
Digital Transformation ◽  
Foreign Banks ◽  
Banking Services ◽  
Research Article ◽  
Prime Objective ◽  
Recent Trends ◽  
The Government

Digital banking has paved way to another spectrum of banking by allowing the customers to conduct their day-to-day banking activities at their convenience. The Digital banking systems in developing countries like India are growing rapidly due to the penetration of internet and mobile phones. Banking transaction scenario has changed rapidly from typical to convenience banking, which offers enormous opportunity to move towards cashless and less cash society. The government of India has taken numerous steps to enhance and embolden digital banking system with a view to promote 'Digital India'. As part of the initiative, the GoI intends to generate a 'digitally empowered' economy that is 'Faceless, Paperless, and Cashless'. In the last few decades, banking system has undergone some distinct phases of digital transformation. This transformation was boosted by rising competition among public sector, private sector and foreign banks, and the goal is to make banking cheaper and efcient and also to access for all of the country's citizens. The objective of this paper is to examine recent trends in digital banking services, benets, opportunities, hurdles and challenges of Digital Banking System in India. The prime objective behind integrating banking services with technology is undoubtedly convenience; the research article will make a detailed study about the concept and examines the above stated objectives.

scholarly journals Study of Indonesia's international macroeconomic indicators before and during the covid-19 pandemic

2021 ◽  
Vol 6 (1) ◽  
pp. 1-11
Author(s):  
Dewi Mahrani Rangkuty ◽  
Bakhtiar Efendi ◽  
Lia Nazliana Nasution
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Trade Balance ◽  
Time Series Data ◽  
External Debt ◽  
Series Data ◽  
Price Stability ◽  
Significant Difference ◽  
Macroeconomic Indicators ◽  
The Government

This study aims to review Indonesia's macroeconomic indicators before and during the covid-19 pandemic. Using time-series data sourced from ceicdata, this study uses non-parametric statistical methods of different tests (sign tests). The results showed that there is a significant difference between before and during the covid-19 pandemic on international macroeconomic indicators of the rupiah exchange rate against USD, external debt, reserves, and Indonesian CPI. Recommended to the Government of Indonesia through Bank Indonesia and other relevant Ministries need a strict policy on a rupiah exchange rate that leads to price stability to reduce the rate of inflation, management and disclosure of external debt information, the achievement of trade balance surplus to increase reserves towards increasing domestic economic growth.

Sign in / Sign up

Export Citation Format

Share Document