Monetary Policy’s Regulation and Control of Housing Prices under the Novel Coronavirus Pneumonia Epidemic

In recent years, the downward pressure and uncertain factors of my country’s economic development have gradually increased, especially due to the greater impact of the novel coronavirus pneumonia epidemic in early 2020, it is necessary to adjust the monetary policy to make the economy operate stably. Monetary policy is the main means of controlling housing prices, so this article uses the sample data of my country from January 2011 to September 2020, and uses the time-varying parameter vector autoregressive (TVP-SV-VAR) model under the background of economic policy uncertainty (EPU) for the first time to analyze the price-based and quantitative monetary policies are very necessary to regulate and control housing prices. The study found that the increase in economic policy uncertainty will weaken the regulatory role of quantitative monetary policy but will strengthen the regulatory role of price-based monetary policy; the current economic policy uncertainty has increased, especially since the outbreak of the novel coronavirus pneumonia, the quantitative monetary policy is unstable, and the price-based monetary policy is the best choice for controlling housing prices.

An Empirical Analysis on the Volatility of Return of CSI 300 Index

In order to better observe the trend of the stock market, this paper selects the daily closing price data of CSI 300 index from April 12, 2016 to September 30, 2021, and makes an empirical analysis on the logarithmic return of CSI 300 index. It is found that: (1) the return series of the CSI 300 index shows the statistical characteristics of peak, thick tail, bias, asymmetry and persistence. The ARMA (2,3) model can effectively fit the yield series and predict the future trend to a certain extent. (2) The residuals of ARMA model show obvious cluster effect and ARCH effect (conditional heteroscedasticity). GARCH (1,1) model can better fit the conditional heteroscedasticity, so as to eliminate the ARCH effect. (3) By constructing GARCH (1,1) model, it is found that the sum of ARCH term coefficient and GARCH term coefficient is very close to 1, indicating that GARCH process is wide and stable, the impact on conditional variance is lasting, and the market risk is large, that is, the impact plays an important role in all future forecasts.

Corruption, Morale Decadence and Productivity Downturn in the Business World: A Troubled Nation Mirrored in 21st Century Developing Economies

The business world had suffered a lot of decadence in its corporate life notably in the 21st Century. Reportedly, corruption, morale decadence and productivity downturn are some proven challenges inimical to the growth of firms. The situation tends to be more pervasive in consideration of the dwindling economy of many developing nations. Corruption and its dreadful menace have constituted major issues of discourse in the literature of firms and the library of nations. Corruption hurts firms. Poor performing firms relative to corruption suffer morale decadence. Morale decadence and its associated counterproductive work behaviours culminate in productivity downturn. It had permeated many segments of the society, ravaged the corporate scene and left many nations in the travail of financial or economic woes. The principles of morals and leadership ethics have suffered for years. Work morale has deteriorated and productivity has fallen in firms. Illicit acts are noticeable in business institutions. Counter-productive and anti-social work behaviours have characterized a lot of firms in recent times. Budgets and financial records do not only lack the attributes of truth and fairness, but suffer credibility loss and unreliability for years. Institutions and designated authorities (nationally and internationally) have made tremendous effort to fight and exterminate this monstrous canker called corruption from the business environment. Yet, not much is achieved, rather much is required. Productivity downturn has not only caused many firms to collapse, but it has also caused economic recession in nations. This paper attempts to proffer useful inputs in the determination to fight corruption in the business world, recover trust and confidence amongst the members of business communities, heighten employees’ work morale and engender productivity upturn in business institutions.

Towards a More Stable Banking Financial Position COVID-19 Impacts and IFRS 9 Post-Model Practices “Management Overlays”

In the repercussions of the latest worldwide financial crisis that have occurred due to the corona virus reasons (COVID-19); unprecedented stressful economic conditions prevailed, coupled with significant recessionary waves reasoned of the worldwide imposed strict lock downs that have adversely affected most of the economic sectors across the globe. Based on such adverse conditions, and as banks were used to calculate their Expected Credit Losses (ECLs) within the provisioning systems (IFRS 9); the forward looking projections embedded at the banks models fell short to predict the COVID-19 hit, as well as objectively reflect the widely spread governmental rescue plans, such as payment holidays and moratoria schemes. Consequently, and based on such unprecedented challenges, new risk management practices—Management Overlays—have risen to help in terms of overcoming such a systemic uncertainty situation that added more hurdles with regard to banks models and forecasting powers. The researcher is discussing how banks can start using the management overlays, or post-model adjustments, according to each and every bank’s portfolio composition, trends, and stress testing outcomes, where risks and uncertainties cannot be adequately reflected in existing models, until the global regulators (e.g., central banks, and external auditing bodies), as well as the main research and rating agencies can reach and agree on the new set of the updated macroeconomic indicators that can be utilized globally, and per region, reflecting the new era post COVID-19, and supporting in building the new robust IFRS 9 models across the world effectively. Therefore, management overlays can play such a vital role in terms of fortifying the stability of the banking system through: ascertaining the adequacy of the banking provisioning systems, and guaranteeing the sufficiency of holding appropriate capital levels for confronting such an adverse and unprecedented situation of the COVID-19 pandemic, as well as similar situations in the future.

Smallholder Farmers’ Formal Risk Management Services: Evidence from Southeast Nigeria

Smallholder farmers’ livelihood activities are mainly centred on agricultural investments which are inherently risky. The risky nature of agricultural activities is further complicated by the fact that resource-poor smallholder farmers operate in an environment with weak markets and less than satisfactory financial services. Formal risk management services hold out the expected external intervention for aiding the resource-poor farmers break out of the vicious circle of poverty. Not all formal risk management services are actually tailored to the scope the smallholder farmers. This study therefore set out to examine the formal risk management services employed by the smallholder farmers in southeast Nigeria. A multi-stage sampling technique was adopted in selecting respondents. Out of 504 smallholder farmers selected, data were successfully collected from 494. Functional analysis, descriptive and inferential statistics were used in data analysis. Results showed that 37% of the smallholder farmers employed formal risk management services; 17.68% subscribed to and utilized direct formal risk management services provided by the Nigerian Agricultural Insurance Corporation. There was a sufficiently deficient use of formal risk management services by smallholder farmers in Southeast Nigeria. It is recommended that the Nigerian Agricultural Insurance Corporation should tailor its services to the needs of the smallholder farmers.

Has Financial Integration of ASEAN and APEC Contributed to Economic Growth?

As globalization prevails, financial integration has been ongoing. The movement of globalization has occurred from the 1980s and a lot of attention has been paid to occurred issues from of aspects. This study focuses on whether financial integration in ASEAN and APEC promotes economic growth or not. These areas have attempted to tackle integration and cooperation and to achieve growth. Also, a global financial crisis occurred in the 1990s, and the 2000s made policy makers and business persons aware of potential contagion. Globalization sometimes has caused a contagion of financial crises. On the other hand, cooperation promoted recovery from the damaged economy in some areas. So the pros and cons have been examined, however, a definite answer whether financial integration is correct or not remains unknown. Using available data, empirical analyses are conducted in this study to examine the relationship between financial integration and economic growth. The empirical results show that financial integration has contributed to economic growth in ASEAN, however, this result cannot be applied clearly to APEC. The variety of participating countries in APEC may have affected the result. Moreover, there are some problems to be solved for sound economic growth for these areas.

Redesigning the Affordable Healthcare Program in the Context of Economic Market

Repealing and replacing the Affordable Healthcare Act 2010 (Obamacare) was one of the most controversial issues during and after the U.S. 2016 presidential campaign. The importance of the issue bears on searching for the generally acceptable healthcare program to the American taxpayers. Before the passage of the Act, the United States was the only advanced nation that did not provide affordable healthcare insurance for its citizens. The recognition of the uninsured millions’ healthcare plight, the rising cancellations and premiums of the private insurance policies, and the high healthcare costs led to the Act’s passage.

Does Institutional Ownership Affect Accounting Conservatism in Portuguese Capital Market?

Ownership structures vary among entities. These different ownership structures can result in variation in governance structures, which would reflect the different rights associated with various types of owners. These governance structures in turn could lead a greater or lesser degree of influence over the financial reporting process by large owners and/or managers. In this sense, existing literature suggests that conservatism is related to institutional ownership. For a sample of 26 non-financial listed Portuguese firms-year from 2002 to 2017, we examine the association between accounting conservatism and institutional ownership. The study’s results show that the coefficient institutional ownership variable is positive but not statistically significant. Thus, it is not possible to conclude that monitoring institutions are an important class of investors that demands conservatism as a governance device.

Financial Development and Economic Growth: Evidence from the Eurozone

The aim of this paper is to investigate the relationship between financial development and economic growth, within a panel framework that also accounts for trade openness, for the case of Eurozone using data covering the period 1990-2018. We explore this relationship using panel analysis techniques, robust to cross sectional dependence, in order to investigate the presence of causality between the variables. The cointegration results suggested that there is one cointegrated vector between the functions of economic growth, financial development and trade openness. In addition, the causality results of the study revealed, both in the short and long-run, that there is a unidirectional causal relationship between financial development and economic growth with direction from economic growth to financial development, as well as a unidirectional causality running from trade openness to financial development.

The Importance of Human Domain Knowledge and Business Data Analytics to Support Modern Financial Decisions

The purpose of this study is to identify how importance is human domain knowledge and business data analytics to support modern financial decision. Understanding whether social media narratives could provide a value-add to current customer relationship management practices could be quite valuable. Design/methodology/approach-An analysis of the literature was undertaken and based on an assessment of the literature, conceptual states and pragmatic approaches as well as existing theoretical understandings and frameworks. An explorative case study approach based on Yin’s design will be utilized as a framework as well as a demographic survey to distill even further the characteristics of the sampling from a customer, management and social media user perspective. Furthermore, a customer relationship management framework which would include the adjoining of data analytics and social media narratives will be discussed in context of the research findings. This will help researchers and practitioners more readily explore the shared value framework which the study will be based and contribute to a more fulsome consideration of customer relationship management practice shifts within a technological and social media-oriented age. The contributions of this research will also help reiterate the importance of context in data management as well as the importance of the paradigmatic power shifts reflected in consumer usage of social media, product or service offerings, social consciousness and ethical practice as it relates to the influence of consumer intentions and subsequent purchasing intentions.The purpose of this qualitative exploratory case study was to gain common understandings of how importance is human domain knowledge and business data analytics to support modern financial decision. In order to support reliable and valid research, a purposive sample of customer relations managers, business analysts who have customer relations management (CRM) roles, and customers who utilize social media for the purposes of product or service development was attained.