scholarly journals FUTURE OF CRYPTOCURRENCIES AND BLOCKCHAIN TECHNOLOGY IN FINANCIAL MARKETS

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Goran Radivojac ◽  
Miloš Grujić
Keyword(s):  
Financial Markets ◽  
International Business ◽  
Rational Behavior ◽  
Advantages And Disadvantages ◽  
Blockchain Technology ◽  
The Future ◽  
International Payment ◽  
The Cost ◽  
The Impact

In this paper we are presenting scopeand restrictions on the use of cryptocurrencies in internationalbusiness, banking and in financial marketsThe subject of this research is to analyzeutilization of cryptocurrencies in the internationalbusiness. The goals of the research are to provide tothe researchers and to practitioners and to the scientificand professional public, an overview of currentresearch on blockchain technology in the economyand to determine the impact of the wider use of cryptocurrenciesin international business and their impacton the future of financial markets..The researchwas realized by the method description, literatureanalysis and conducted research. The selected examplesare presenting the possibility of earning, buyingand storing cryptocurrencies, paying with cryptomoneyand invest in them. In the paper we aresearching for an answer to the question “What arethe advantages and disadvantages of using cryptocurrenciesin international payment and what is the securityof using cryptocurrencies in the future?” In theanswer, this paper will present in what direction theuse of crypts will develop in the future. Results arepresenting the blockchain technology, though backgroundtechnology, which would not be known thatcryptocurrencies did not gain popularity, has a brightperspective. Conclusion presents that as long as thetransaction costs are lower than the cost of paymenttransactions, the rational behavior of legal and naturalpersons requires that they should encourage the useof cryptocurrencies among themselves in order to reducethe costs of the transactions when paying and toovercome the existence of an intermediary.

Logistics Cost Dynamics in International Business: A Causal Approach

2020 ◽  
Vol 55 (4) ◽  
pp. 478-495
Author(s):  
Ashutosh Kar ◽  
Pratyay Ranjan Datta
Keyword(s):  
International Business ◽  
Vital Role ◽  
Logistics Cost ◽  
Middle Income ◽  
Jel Codes ◽  
Middle Income Countries ◽  
The Usa ◽  
Causal Approach ◽  
The Cost ◽  
The Impact

The cost of logistics plays a vital role in the pricing of goods in international trade. Besides, the recent imposition of additional tariff by even upper-middle income countries such as the USA, China etc., has led to an increase in the total landed cost of goods. However, a seller has no option but to adapt to changing tariff requirements and can articulate only the logistics cost to a certain extent. This aspect requires an understanding of the logistics cost dynamics in international business. Since a higher volume of goods moves by marine transportation, this study focusses on the same. In this article, authors have attempted to establish a statistically significant relationship between prices and other factors like fuel, number of vessels, freight, and weight value ratio. The paper introduces a logistics-coefficient to indicate the extent of integration of logistics activities to keep the total-landed-cost (TLC) unchanged. Finally, the author proposes the system dynamics model to study the impact of changes in any one or some or all these factors on the price of the product. This model will enable the global firm to decide the entry and exit in the market. JEL Codes: F23

Estimating the Impact of Blockchain Adoption in the Food Processing Industry and Supply Chain

2019 ◽  
Vol 0 (0) ◽  
Author(s):  
Francesco Longo ◽  
Letizia Nicoletti ◽  
Antonio Padovano
Keyword(s):  
Supply Chain ◽  
Processing Industry ◽  
Minimal Impact ◽  
Food Supply Chains ◽  
Fresh Milk ◽  
Blockchain Technology ◽  
Safety Risks ◽  
Review Reports ◽  
The Cost ◽  
The Impact

AbstractFood supply chains are benefiting from blockchain technology, as it establishes a shared, secure record of information flows, thus reducing food safety risks, increasing consumers’ trust in products’ provenance and enhancing supply chain efficiency. However, despite some embryonic applications, systematic literature review reports very few investigation studies. This article proposes a potential design and update frequency of relevant data to be stored in the Ethereum blockchain for monitoring and traceability purposes and explores the cost connected to every transaction in the case of a fresh milk processing industry and supply chain, from dairy farms to the end consumers. Results show that (i) investments are limited for the supply chain actors; (ii) the benefits of a blockchain-enabled supply chain can be achieved with a minimal impact on the product’s consumer price, and (iii) the costs of operating the blockchain increases as we move down along the tiers of the supply chain.

scholarly journals Financial Technologies of International Banking Regulations

2019 ◽  
Vol 71 ◽  
pp. 02010
Author(s):  
G.S. Panova
Keyword(s):  
Financial Markets ◽  
Banking Regulation ◽  
International Standards ◽  
International Banking ◽  
Advantages And Disadvantages ◽  
Banking Regulations ◽  
Basel Accords ◽  
Global Banking ◽  
Methodological Approaches ◽  
The Impact

The author considers the problems of banking regulation in the context of globalization. An analysis of relevant issues indicates the need to improve financial technologies for banking regulation. Basel innovations, designed to ensure the stability and uninterrupted operation of the global banking system, have led to the creation of counter-innovations by the banking sector. Basel Accords led to the development of the so-called “regulatory rally”, when increasingly sophisticated methods of regulation gave rise to increasingly inventive ways to protect the gains of the banking business. These ways sometimes became an indirect source of rising risks, and were initially taken as effective protection against these risks. The author analyzes the main advantages and disadvantages of the latest Basel Accords on Banking Supervision (Basel III) and identifies specific directions for its improvement, taking into account current practices of national and international approaches to regulating the activities of credit organizations 10 years after the global financial and banking crisis. The importance of the study is determined by the need to develop financial technologies for international banking regulations, as well as theoretical and methodological approaches that determine the interconnectedness and interdependence of financial markets. It is also important to evaluate the effectiveness of measures to regulate the activities of financial and credit institutions at the national and international levels to develop strategies and tactics for the optimal progressive development of financial markets. The purpose of the study is to develop theoretical and methodological approaches to assessing the impact of international standards on activities of Russian credit organizations.

scholarly journals Waste-free stores in Russia: a retrospective analysis, criticism, and analysis of the visitor’s attitude

2021 ◽  
Vol 284 ◽  
pp. 11016
Author(s):  
Ruslan Ikramov ◽  
Gleb Mityashin ◽  
Vladimir Bakharev
Keyword(s):  
Retrospective Analysis ◽  
Over The Counter ◽  
Online Store ◽  
Advantages And Disadvantages ◽  
Environmentally Responsible ◽  
Commercial Enterprise ◽  
Reusable Containers ◽  
Self Service ◽  
The Cost ◽  
The Impact

The paper presents a retrospective analysis of the concept of waste-free stores in Russia. The main feature of a waste-free store is described: the need to use reusable containers for purchases. The advantages and disadvantages of waste-free stores for visitors and operators are presented in the form of a 2x2 strategic table. The impact of the pandemic on their activities is further discussed. It is recommended to change the service model from self-service to over-the-counter trading during the pandemic. Using the example of the “B12 Zero Waste” store, the possibility of creating a waste-free online store is considered. Actions that reduce the cost of creating a web representation and organizing delivery were discussed. It is emphasized that an online store is necessary for any commercial enterprise in the current conditions. It is noted that the integration of the two most relevant trends in retail (e-commerce and greening) can be a real breakthrough. The authors point out that waste-free stores simultaneously reduce the amount of discarded packaging, but significantly increase the cost of detergents and fresh water, so the waste-free concept cannot be called completely eco-friendly. The survey revealed that in Russia, most visitors have a positive attitude to the waste-free model of the store. Depending on the factors that motivate customers to make a purchase, a waste-free store can be divided into two groups: environmentally responsible and economical.

Waste-to-Energy Project Economics and Financing: A Look Into the Factors Influencing the Future

2006 ◽  
Author(s):  
Jeffrey F. Clunie
Keyword(s):  
United States ◽  
The United States ◽  
Fuel Oil ◽  
Waste To Energy ◽  
Recent Analysis ◽  
Economic Factors ◽  
The Future ◽  
The Cost ◽  
The Impact

This paper focuses on significant changes in the overall economics of waste-to-energy (WTE) during the last 30 years. The WTE industry in this country has seen several different business cycles occur since 1975, as different market drivers have caused the industry to rise and fall. This paper compares: (1) those economic factors that were in play in 1975, when the first WTE facility in the United States was built, and the industry was in its infancy; (2) the factors at play when the WTE industry was at its height in 1990; and (3) some of the factors that caused the industry’s steep downward trend since 1994, when the last greenfield WTE facility in the United States was built. The paper will identify changes that have occurred with regard to the pricing of electricity and the ability of public sectors to charge non-market-based tipping fees. The paper discusses the drivers of 2006 and focuses on completed economic factors to be considered when comparing WTE with other waste disposal means. The paper discusses the drivers of 2006 and whether the industry is finally poised to begin an upward turn in the cycle. The paper focuses on the impact of the cost of diesel fuel oil on the overall economics of long-haul transfer, and how that is likely to impact the future development of WTE facilities. The paper also presents a case study of a recent analysis that was undertaken for two counties that were evaluating the financial viability of WTE as compared to other disposal options.

Prospects of Using Virtual Currencies for the Socio-Economic Development of the Country

2018 ◽  
Vol 11 (4) ◽  
pp. 54-59
Author(s):  
M. N. Prokofiev ◽  
E. S. Borisova ◽  
A. V. Vorobyeva
Keyword(s):  
Economic Development ◽  
Virtual Currency ◽  
Fiat Money ◽  
Advantages And Disadvantages ◽  
Blockchain Technology ◽  
Key Characteristics ◽  
Crypto Currency ◽  
Socio Economic Development ◽  
The Future

The subject of research is the influence of virtual currencies on the socio- economic development. The purpose of research was to determine the specific features and development prospects of virtual innovation currencies as currencies of the future. The paper analyzes the virtual currency as a phenomenon of the modern payment system. The key characteristics of the crypto currency, their difference from the fiat money, the interrelation with the blockchain technology are indicated. The dynamics of the crypto currency market capitalization is demonstrated by a bitcoin example. The reasons for the attractiveness of the virtual currency for consumers and the growth of its popularity are revealed. The role of the new currency in the development of the world economy is described. The main advantages and disadvantages of the virtual currency as well as the main threats when using it are highlighted. Two opposing views on the future of the crypto currency are considered. As a result, the role of the virtual currency in the socio-economic development of the state is outlined, the prospects for using the currency in question are forecasted, and the factors contributing to its development are listed. It is concluded that virtual currencies established and distributed as a function of time and speed of introduction of scientific and technical achievements in the financial sphere are a technical and economic innovation of the present.

The Impact of Consolidated Value Added Taxation on Innovation and Investment Processes: European Experience and Prospects for Ukraine

2021 ◽  
Vol 17 ◽  
pp. 321-331
Author(s):  
Viktoriia Rudenko ◽  
Ruslan Voloshchuk ◽  
Viktor Melnyk ◽  
Oksana Tsiupa
Keyword(s):  
Quantitative Methods ◽  
Value Added ◽  
The State ◽  
European Countries ◽  
Value Added Tax ◽  
Tax System ◽  
Advantages And Disadvantages ◽  
European Experience ◽  
The Cost ◽  
The Impact

Today Ukraine is on the path to European integration, which requires the introduction of the best practices of European countries, including in terms of taxation of consolidated groups of enterprises. At present, in European countries, consolidated value added taxation is one of the ways to solve the problem of reducing the tax burden on business, providing enterprises with additional investment resources and stimulating their innovative development. In addition, the consolidated tax system reduces the cost of tax administration for both the state and business. Therefore, the issue of introducing value added tax is relevant for Ukrainian practice. The purpose of the research is to study the content and determine the specifics of consolidated value added taxation in European countries and to consider the possibilities of its application in Ukraine for innovation and investment processes intensifying. The specifics of the scientific tasks that are the subject of the study required the use of a set of special methods, the application of which helped to analyze the impact of consolidated value added taxation on innovation and investment processes in European countries. The study was conducted using quantitative methods, including comparative analysis, and qualitative methods, including case study. The study identified the essence and basic principles of consolidated value added taxation. Two types of consolidated VAT taxation in European countries are analyzed: the regime of full consolidation and the regime of partial consolidation. The advantages and disadvantages of consolidated VAT taxation for the state and taxpayers are substantiated. It was found out that in European countries, consolidated value added tax is aimed at improving the conditions of doing business and providing taxpayers with additional opportunities to apply special tax rules. As a result of the study, it was proved that the introduction of approaches in Ukraine that correspond to the European experience of consolidated VAT taxation will help to solve important tasks of bringing its tax system closer to foreign standards and intensifying innovation and investment processes at the micro- and macro levels.

The impact of technology on access to law and the concomitant repercussions: past, present, and the future (from the 1980s to present time)

2019 ◽  
Vol 24 (2) ◽  
pp. 396-429
Author(s):  
Tibor Tajti
Keyword(s):  
Legal Education ◽  
Foreign Market ◽  
Hard Copy ◽  
Policy Makers ◽  
Letter Of Credit ◽  
Blockchain Technology ◽  
The Future ◽  
The Usa ◽  
Impact Of Technology ◽  
The Impact

Abstract That technology increasingly impacts everything that is linked to law—from access to law, legal education, the services provided by the legal industry, and, increasingly, even adjudication (in-court or via alternative dispute resolution)—is a fact. The role that technology plays in these contexts varies, yet one may safely presume that the influence will intensify. In order to reflect on the future, this article canvasses and tries to draw some conclusions based on the comparison of accessibility to foreign and local law in the hard copy versus the digital and Internet-based, as well as the recently unfolding era of algorithms. The examples range from the curious encounter of Central and Eastern European socialist enterprises and law students with punitive damages and strict tortious liability known in the USA through the most recent launching of the first transnational letter of credit transaction exploiting blockchain technology. The advancements generated by technology advancements in these three stages are then reflected upon primarily from the perspectives of (i) researchers and lecturers of law as well as legal education; (ii) company boards and managements (especially foreign market-oriented business firms) formulating their business policies; and (iii) regulators as well as law and policy-makers. The article concludes with thoughts on the broader implications of enhanced access to law. In particular, it posits that technology has made the shift from ‘mechanical’ to ‘analytic access to law’ possible. Yet it also raises the more fundamental question of whether the advancements denote, and the selected examples properly illustrate, that a more fundamental shift is unfolding: a shift from governance by law to governance by technology?

scholarly journals Future of the book?

2021 ◽  
Author(s):  
Pat Pledger
Keyword(s):  
Advantages And Disadvantages ◽  
The Future ◽  
The Impact

In the last ten years there has been much speculation about the role of e-books and e-book readers. This paper will look at the impact of e-book readers on publishing and reading, the types of e-book readers, their advantages and disadvantages. Some ideas for future e-books and e-book readers and their use in the library and classroom will be discussed, as will the skills that are needed to read e-books. The future of the printed book will be discussed.

Sign in / Sign up

Export Citation Format

Share Document