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Wang, Feng, Wei Chai, Xiaotian Shi, Mingru Dong, and Bin Yan. "Does Regional Financial Resource Contribute to Economic Growth? From the Perspective of Spatial Correlation Network." SAGE Open 11, no. 1 (January 2021): 215824402199938. http://dx.doi.org/10.1177/2158244021999381.
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Using the method of social network analysis, this article explores the characteristics of financial resources distribution at the provincial level in China from 2000 to 2017, and analyzes the influencing factors and network effects of the spatial correlation network characteristics on distribution of financial resources, the results are as follows: The overall network characteristics of the financial resources distribution among provinces and cities in China are of low density, of high dependence and poor stability. The level of economic development, marketization, and integration are related to the spatial correlation network of the distribution of financial resources, and the level of integration and marketization have a significant positive impact on it. Due to the imbalance of economic development among regions in China, the overall network characteristics have a negative network effect on the speed of economic development. Individual network characteristics have a positive network effect on the speed of economic development. Improving network density, network correlation, and reducing network level can narrow the gap in economic development between provinces.
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Pan, Fenghua, Fengmei Zhang, Shengjun Zhu, and Dariusz Wójcik. "Developing by borrowing? Inter-jurisdictional competition, land finance and local debt accumulation in China." Urban Studies 54, no. 4 (September 29, 2016): 897–916. http://dx.doi.org/10.1177/0042098015624838.
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Although the investment-oriented development model for economic growth adopted by Chinese governments has generated spectacular results, the risks of debt-financed urbanisation and economic development have recently become evident in mounting local debts that are undermining the financial system, triggering concerns with respect to local governments’ indebtedness, financial stability and sovereign risk in China. In this paper, we portray the uneven spatial and temporal dynamics of local government debt in China, and examine the ways in which it is intertwined with institutional, political and economic factors. Our analysis shows that while global and national economic conditions have resulted in a dramatic increase in local government debt, particularly in the late 2000s and the early 2010s, the spatial variation of local debt accumulation in China could be partly explained by two institutional factors: land finance and inter-jurisdictional competition. We argue that the behaviour of local governments may harm the long-term future of Chinese cities.
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Dziekański, Paweł, and Juliusz Piwowarski. "Spatial Differentiation of Synthetic Measure of Economic Security of Local Government. Case Study of Financial Variables of The Cities in The Eastern Poland Macro-Region." International conference KNOWLEDGE-BASED ORGANIZATION 23, no. 2 (June 25, 2017): 46–52. http://dx.doi.org/10.1515/kbo-2017-0086.
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Abstract In this article the authors focus on the element of security culture which is economic security. It is the ability of an economic system to use internal factors of development on a local level and international economic interdependence in such a way that it can guarantee its safe development. Stability and certainty of funding sources determine the scope and level of public services and tasks of a municipality that it fulfils. Economic security is a resulting category that allows to assess functioning of security culture from the perspective of local economy. The aim of the article is to provide determinants of shaping of economic security in Swietokrzyskie Voivodeship municipalities in the context of selected elements of financial management for 2010 and 2015. In the calculations the data of the Central Statistical Office (Local Data Bank) were used. The determined synthetic measure allows to arrange Swietokrzyskie Voivodeship municipalities according to the examined aspect. It gives the basis for evaluation of effectiveness of economic policy instruments that were applied in the past. They provide a comparative picture between the objects that were analysed, allow to indicate weaker and better areas of functioning of a unit.
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Tan, Khee Giap, Xuyao Zhang, and Lin Song. "An urban composite development index based on China's five development concepts." Competitiveness Review: An International Business Journal 30, no. 2 (March 14, 2020): 137–49. http://dx.doi.org/10.1108/cr-08-2019-0079.
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Purpose Shandong is a thriving economic centre, being the third largest province by land area in China. It also has the second largest resident population of 99,470,000 and the third largest gross regional domestic product of RMB 6.8tn in 2016. The urbanisation rate of Shandong has been quickly expanding from 45 per cent in 2005 to 58 per cent in 2016. This paper aims to examine the urban development, performance and liveability of 17 Shandong cities through areas such as infrastructure, public services, education and environmental protection. Design/methodology/approach Building upon the theoretical underpinnings of China’s five development concepts – innovation, coordination, green development, opening up and sharing, this paper has constructed the inaugural urban composite development for 17 cities based on 131 indicators across six environments, namely, scale and quality of economic activities, financial capacity, labour market flexibility and economic vibrancy, good governance, effective leadership and social stability, technological advancement and innovation capability, public service standards and quality of life improvement and resource conditions and environmental protection. Findings The empirical results show that Qingdao, Weihai and Yantai perform well in urban development, while the capital city Jinan only rank in the fourth position. Originality/value By identifying the relative strengths and weaknesses of each city based on the perspective of ordinary city dwellers, this paper provides appropriate policy recommendations for policymakers to develop and optimise their economies and urban spaces.
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Mpele Lekhanya, Lawrence, and Henry Lucky Dlamini. "Customer’s perception towards product quality of automotive SMEs operating in Metropolitan areas, and consideration of environmental impact." Environmental Economics 8, no. 1 (April 8, 2017): 36–45. http://dx.doi.org/10.21511/ee.08(1).2017.04.
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This paper examines customer’s perception towards product quality of automotive SMEs operating in the Durban metropolitan areas and identifies how small and medium enterprises (SMEs) in South Africa (SA) contribute significantly to job creation, wealth, social stability, economic growth and reduction of poverty. Product quality of automotive SMEs requires serious attention, as it can have ecological environmental impact leading to the negative economic growth contributed by the industry. The study is aimed to understand the factors affecting automotive SMEs in order to help entrepreneurs to improve product quality and examining the customer’s perception towards product quality. The study was conducted in Durban metropolitan areas using the survey method. The sample size of the study was 120 SMEs selected using convenience sampling with respondents completing the questionnaire. A combined method of both quantitative and qualitative techniques was employed, while the analysis of data was done using the Statistics Package for Social Scientists (SPSS) version 23.0. The findings of the study revealed that lack of managerial skills and development negatively compromises product quality of the automotive sector. Also the results revealed that the absence of financial support from financial institutions delays the improvement of stock in the business, as this is an obstacle resulting in the unsustainability of the SMEs. Further research with larger samples and the consideration of other cities is recommended.
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Guzmán Fernández, Karla, Ana I. Moreno-Calles, Alejandro Casas, and José Blancas. "Contributions of Urban Collective Gardens to Local Sustainability in Mexico City." Sustainability 12, no. 18 (September 14, 2020): 7562. http://dx.doi.org/10.3390/su12187562.
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Urban collective gardens (UCG) are considered alternatives to face the environmental problems generated by urbanization, contributing to the sustainability of cities. This study aims to characterize UCG and its contributions to the local sustainability in Mexico City (CdMx). From bibliographic searches, consultation on social networks, and expert suggestions, our research group identified 40 gardens for CdMx, based on which we constructed a UCG typology. For deeper studies, we selected 19 UCGs based on several criteria: Number of members (at least three persons managing UCG), UCG age (at least one year), disposition of collaborating in the study, and availability for evaluation. The selected UCGs were evaluated qualitatively following the Framework for the Evaluation of Natural Resource Management Systems incorporating Sustainability Indicators (MESMIS, for its acronym in Spanish) through in-depth interviews and participant observation. We identified critical points or factors that drive or limit UCG (e.g., biological diversity, training of people participating, social and economic stability, access to space and financial support, economic diversification, input dependency, security of land tenure, and contamination risk). We concluded that UCG of CdMX contribute to local sustainability through processes like creating jobs, recovering connections with nature, knowledge transmission, experimental practices, and offers of therapeutic benefits, among others.
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Mitura, Elżbieta, Ewa Oleksiejczuk, and Anna Oleksiejczuk. "Analiza uwarunkowań rozwoju małej i średniej przedsiębiorczości w województwie lubelskim." Przedsiębiorczość - Edukacja 2 (January 1, 2006): 101–14. http://dx.doi.org/10.24917/20833296.2.10.
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One of the characteristic features of social and economic changes in Poland over the last ten years is a dynamic development of small and middle-sized firms. However, the firms vary depend on what kind of economic activity they carry out. Most of small and middle-size firms deal with wholesale and retail trade, estate management, education and building industry. A similar structure of firms can be noticed in major cities in the Lublin region, where trade firms and various services seem to predominate. Economic problems in Poland are directly connected with increasing regional differences. This implicates the existence of serious inner barriers for the development of particular regions. The analysis of the development of small and middle-size firms over the last years shows that this ecounters many barriers: - financial barriers - the lack of money and low financial and legal stability; - technological barriers - inefficient access to modern technology and the lack of money to finance modernization; - market barriers - small interest in products, which is connected with the difficulties in acquiring goods and services; - educational barriers - poor preparation for running a firm by means of modern techniques of organization, management, planning and marketing; - problems which appear during the cooperation with local and regional institutions. The above-mentioned barriers are also mentioned in the survey carried out as a part of the project entitled Innovation market in Lublin”. Half of the questioned people pointed to the lack of money and low financial stability as the main barrier of development. The next barrier mentioned was the influence of strong competition and the lack of funds to modernize the equipment to improve the standards of production and service. This means that their sensitivity to factors limiting development is the biggest. The analysis of the conveyed survey shows that the indispensable condition of development of MT companies is to facilitate the access to bank credits and to create a tax system which would be more just to firms of different size. The survey made it also possible to define the barriers for establishing a firm and its further development in the Lublin region. The most frequent are: high costs of setting up a firm, bureaucracy, limited access to funds, the lack of a clearly specified concept of the development of the Lublin region, fear of taking risk, the lack of an enterprise-friendly environment, the lack of knowledge about the institutions supporting various enterprises, problems connected with the necessity of acquiring different permissions and concessions and the lack of technological solutions initiated by the needs of companies and firms.
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Olowu, Dele. "Governance and policy relevance of the Nigerian 40-year grassroots revolution: 1976–2016." International Review of Administrative Sciences 85, no. 4 (November 29, 2017): 726–42. http://dx.doi.org/10.1177/0020852317712818.
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This article assesses the 40-year-old program of building a third level of governance in Nigeria to improve the democratic and developmental aspirations of Africa’s largest democracy, one of only two federally governed countries on the continent. The assessment relies on secondary and primary sources. The article finds that even though the reform was sustained over the years in terms of structural, financial and human resources capacity infusion and a raft of changes to democratize the institution, the program was only successful in the first four years while the military was in power. The article proposes measures to make this institution adapt to civilian governance through enhancing accountability arrangements at all the three levels of governance and an asymmetric approach to financing infrastructures in the cities and rural areas. These would enable the local government institutions to actually function as grassroots structures for building and sustaining democracy and development from below complementing the export-led strategy of the present government. Points for practitioners The current Nigerian government is pursuing an export-led strategy comprising three main elements that several industrializing countries have used successfully. Only the first two elements – macro-economic stability, economic freedom for farmers and small-scale entrepreneurs – are in place. These need to be complemented by boosting rural infrastructures which a robust political and administrative system, underpinned by strong grassroots local government system as articulated in this article, makes possible.
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ZDOROV, M. A. "MAIN TENDENCIES AND POSSIBILITIES OF CHANGE OF EXPORT SPECIALIZATION OF RUSSIA." Economic innovations 20, no. 2(67) (June 20, 2018): 48–57. http://dx.doi.org/10.31520/ei.2018.20.2(67).48-57.
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Topicality. The relevance of change of export specialization of Russia has paramount character. Methodical approaches to an economic assessment of recreational resources of the region are considered (rent, expensive, standard, etc.), their critical evaluation is given, and expediency of application of a complex method of an assessment is proved. It consists in group of all existing methods and allocations of indicators of efficiency by each group of methods. The system of calculation of an integrated (complex) indicator of an economic assessment of recreational resources is given.Aim and tasks. For stimulation of agrotourist activity in the Russian Federation we conducted researches on measurement of agrotourist capacity of the economic region of Russia united in the North-South program for a long time. Tasks of identification of agrotourist capacity of regions at respect for the principles of territorial division of labor were set, and according to rationalization of placement and specialization of branches.Research results. Import substitution of food opens ample opportunities for entrance tourism which is a peculiar form of export of food production and tourist's services. It especially is important that organic production often is perishable (hot bread, pair milk, cottage cheese, sour cream, etc.). From this it follows that tendencies of small farms in the village (LE, K(F)H, SPK, etc.) on reception of foreign tourists have the prospects. The interests of the tourists wishing to get acquainted with the multinational culture of Russia features of national crafts and crafts, dream natural places are many-dimensional complemented with consumer goods in the form of organic production.As a result of carried out researches it has turned out that indicators on tourism and agrotourism have coincided. The economic sense is quite explainable here. In the future prospect, it is expedient to transfer all internal and entrance tourism to agrotourism or tourism of rural territories, there is an insignificant part of a tourist's product in the large cities of regional value. Agrotourism on the international standards includes the small and average cities, reflecting all means of placement, natural and cultural and historical potential.Conclusions. As a result of a research, it is possible to draw a conclusion that today the scheme of the movement of financial resources - from tourist to the agricultural enterprises is of particular importance. The calculations which are carried out according to this scheme allow to define for three-year term limits of multiplicative stability of agrotourist production, components 5,9 and 11,7 trillion rubles.
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Fesenko, Arthur, Larysa Bronnikova, Victoria Chorna, and Bogdan Bondarets. "Demo-economic situation in Southern Ukraine through the regional centers residents' self-evaluation and attitudes prism." Sociology: Theory, Methods, Marketing, stmm 2020 (1) (March 16, 2020): 86–107. http://dx.doi.org/10.15407/sociology2020.01.086.
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The article presents the results of a questionnaire survey of the Southern Ukraine (Odessa, Mykolaiv, Kherson) regional centers’ residents — concerning self-esteem of their families welfare standards, their prospects about its improvement, and possible search for a better fate abroad. This research was carried out within the research project “Effective functioning and development of the regional socio-cultural environment in the context of decentralization as a pledge of Ukraine national security” (scientific project manager — Head of Sociology Sociological Cathedra of Petro Mohyla National University Iryna Meizys, timeframes for project implementation — 2017–2019). The survey revealed that a significant proportion of respondents assess their families' economic status and financial capabilities as critical, pointing to the limited ability or inability to sufficiently meet those needs that exceed current running costs. The results of the survey make it possible to evaluate the material status of regional centers residents (in a bigger or lesser extent) in the terminology of the scientific discourse of poverty by means of the categories “subjective poverty”, “relative poverty” and “deprivation” (restriction or complete deprivation). Moreover, for the most part, our respondents do not see any prospects for improving the economic situation in Ukraine in the near future: they don’t have confidence in the future, and therefore have a rather low estimate of the prospects for improving their own economic situation. The poll also showed the widespread emigration of the Southern Ukraine residents: more than half of respondents said that they were thinking about moving to a permanent place of residence in the “Western world”, that is associated in the mass consciousness of modern Ukrainians with wealth, high standards of pay, stability and prospects. In all cities of southern Ukraine, respondents' emigration / intentions still exceed the 50 percent limit. The results of the survey should also be used as indicators of social security for the functioning of the regional society. This is particularly relevant given the geopolitical challenges and threats that Ukraine is currently facing, including the Black Sea region, which is a region of strategic importance for Ukraine.
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Krysovatyy, Andriy, Roman Zvarych, Iryna Zvarych, Ihor Krysovatyy, and Kateryna Krysovata. "Methodological architectonics of inclusive circular economy for eco-security of society under pandemic." Economic Annals-ХХI 184, no. 7-8 (September 10, 2020): 4–15. http://dx.doi.org/10.21003/ea.v184-01.
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The transition from a linear to a circular economy is determined by the change in the positioning of global risks from year to year, which determines the vectors of such changes. Thus, the main risks for 2020 are those related to the environment and occupying the first positions in the rating for the last three years (in particular, in 2019, the risk of extreme weather events). The gradual increase in awareness of this risk has led to a change in the sentiment of both producers and consumers. Experts assessed climate change as a major risk in 2019, outpacing cyberattacks, financial instability and terrorism. Thus, to mitigate this risk in 2020 and future periods, the global business community should implement circular «designs», reducing resource use and prioritizing low carbon materials. The potential effects of the transition to a circular economy on greenhouse gas emissions are significant, mainly achieved by improving resource efficiency, increasing the useful life of buildings and assets, increasing recycling and reuse, and completely reducing primary raw material use. Thus, the circular economy can be seen as an effective strategy for promoting climate change mitigation. The poly-paradigmatic nature of economic knowledge from the standpoint of the existential nature of the imperatives of economic development in the context of responsibility to the global future causes certain paradigm shifts, and greening is the mainstream and imperative that reflects the heterodox beginning of the theorico-cyclological methodology. Multidisciplinary epistemological perspective for the analysis of economic phenomena from the standpoint of the new pragmatism in the context of the «triad» of sustainability (economic, social and ecological components), distinguishes the humanitarianism of economic science and positions «in the foreground» the role of values in the economic activity of people and society (acceleration of exploitation of natural resources; climate change; the formation of a new environmental order; environmental and food security) and the dominant paradigm formation (exceeding the environmental limit; Paris agreement; changing public sentiment of fossil producers and businesses; global economic losses; UN sustainable development goals with strong circular practices; WTO involvement in supporting new technologies, minimizing waste production and promoting circular trade). The methodological features of the paradigm of the global inclusive circular economy from the standpoint of postmodernism are the strengthening of socio-humanistic orientations (reflecting its ideology and creating the basis for an inclusive-oriented society); ontological nonlinearity (emphasizes circularity); consensus (the need for a global consensus to achieve a goal) emulated using the economic-mathematical method. According to the proposed methodological approach, the integrated index of development of the global inclusive circular economy has been calculated for 28 countries of the world, Includig Germany, USA, China and South Africa. We substantiate the conceptual provisions of the theoretical and methodological model of the global inclusive circular economy, namely: system characteristics (sustainable development; stability; inclusive growth; expanding opportunities for equity; equal access to resources and distribution of benefits) and the principles of circular self-organization (conservation of resources for future and rationalization of their use; counteraction of management dysfunction), determined by criterion constraints of corporate culture, communications in global value chains, dominance of linear economy, unformed circular value of goods and low quality of recycled products, limited implementation of institutional, informational, financial, financial pilot circular business projects and programs. Our approach made it possible to substantiate the basic concepts of forming a paradigm of the global inclusive circular economy: global value chains (supply of secondary raw materials), sharing platforms, circular trade, circular product life cycle, circular cities and circular cores.
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Liberali, Ana María. "Geografía de la Soja en la Argentina." Human Geography 1, no. 2 (July 2008): 94–105. http://dx.doi.org/10.1177/194277860800100211.
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This article briefly diagnoses the rapid growth of the production of soya in Argentina over the last twelve years, taking into account the geographic areas of expansion, as well as the social, economic, environmental and political consequences, and placing this phenomenon in the broader international context. Official statistics, bibliographic sources, and news reporting have been used in preparing the article. Also field work in rural areas has been conducted, including participation in several social events along with interviews with key informants. In Argentina, the nineties were synonymous with privatization, the regressive redistribution of wealth, the concentration of economic and political power, the demise of the railway network, external indebtedness, impoverishment, unemployment, de-industrialization and re-primarization of the economy, among many others plagues. Regarding the latter, the return to the primary economy includes more agriculture than livestock in rural production, with a 50% of the cultivated area occupied by soya crops. The critical point for the consolidation of the fast expansion of soya in the country was the 1996/97 campaign. During this campaign, the first transgenic soya seeds tolerant to glyphosate were released, along with the spread of direct sowing. The remarkable expansion of the area under cultivation made Argentina the third biggest world producer of grains after the U.S. and Brazil, and the world's leading exporter of soy oil. Uncontrolled expansion of soya crops has generated huge profits for transnational business and even for medium and small farmers, as well as those with interests in financial speculation ( seed pools). At the same time, it has increased unemployment and an exodus to the cities, where the declining industrial sector cannot absorb the surplus rural population. Besides, it has produced soil deterioration, watershed damage, destruction of fauna and large forests, and so on. Furthermore, the shift to soya production by many rural enterprises has resulted in a dramatic reduction of the production of food stuffs to meet domestic needs. In March this year the government announced an increase in export taxes, affecting principally soya exports. The interest groups affected complained and launched a strike, including blocking of highways and disrupting the normal supply of the domestic market (this resulting in food stuff shortages in the cities and increasing speculation about drastic economic instability). Rural institutions representing diverse actors that formerly had conflicting interests, united to launch this strike, which has deeply affected public confidence in the government. The conflict expressed rural entrepreneurs’ interests rather than the needs of rural workers, and it has worsened the economic and political stability characterizing the country in the years following the 2001–2002 crisis. Debate on this issue filled the front pages of the newspapers for many months, but it never dealt with issues of the working conditions of rural labor, the need for the production of food to alleviate hunger, solutions to the problem of unemployment, or the future of the soils and destruction of wildlife. Rather, with the large majority of media supporting rural institutions’ interests, the logic that prevailed was that of the right to property. In face of this, a small segment of the society endorses the need to socialize the means of production to achieve food sovereignty, to improve living conditions for workers, and secure the proper management of natural resources. Only these people raised the issue of socialization of the means of production as the only way to oppose not only the expansion of soya crops, but also capital which, as asserted by Marx, strikes at the same time against earth and humans, which in the end are the real bases of production.
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Tiwari, Alok, and Mohammed Aljoufie. "Examining why developers encourage foreign investment in local residential real estate in India." International Journal of Housing Markets and Analysis 9, no. 4 (October 3, 2016): 580–600. http://dx.doi.org/10.1108/ijhma-10-2015-0061.
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Purpose The study aims to explore the role of non-resident Indian (NRI) investors into staggering local housing market and the efforts of developers and regulators to lure such investors. Design/methodology/approach Primary data for this exploratory study were assembled through a Google form-based questionnaire circulated over internet among NRIs residing in Kingdom of Saudi Arabia, USA, Singapore and United Arab Emirates, whereas the secondary data sources include the Government of India policy documents, World Bank data, Reserve Bank of India archives and reports published in reputed financial and others print media sources. Findings Indian housing market is confronted with a demand and supply mismatch at present. While a massive demand lingers at affordable housing segment, on the contrary, millions of housing inventories are also piling up. Consequently, property developers are attempting to lure the large population of NRIs residing at global cities. Study observes that sentimental attachment to the homeland, higher rate of returns, anticipated rental incomes are the major decisive elements. Additionally, growth in infrastructure, world-class amenities offered by developers, conformity to sustainability and political stability is the other critical reasons. Research limitations/implications On first hand, the study outlines a novel kind of foreign investment in Indian local residential real estate that is via NRI channel. Second, non-resident investors might surprise to the property developers and government through a realistic strategic approach. Originality/value Probably, the study is first of its type gazing at NRI investors, as a foreign investor, in the local residential real estate.
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Creel, Jérôme, Paul Hubert, and Fabien Labondance. "Financial stability and economic performance." Economic Modelling 48 (August 2015): 25–40. http://dx.doi.org/10.1016/j.econmod.2014.10.025.
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Ebrahim, M. Shahid, Duc Khuong Nguyen, and Yildiray Yildirim. "Financial Development and Economic Stability (FDES)." Journal of Economic Behavior & Organization 157 (January 2019): 225–27. http://dx.doi.org/10.1016/j.jebo.2018.12.031.
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Hodžić, Sabina, and Hana Paleka. "Fiscal Capacities of Large Cities in Croatia – Financial Support for Smart Cities." Naše gospodarstvo/Our economy 66, no. 2 (June 1, 2020): 42–49. http://dx.doi.org/10.2478/ngoe-2020-0010.
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AbstractIn a dynamic market, the city has become a main source of competitiveness, along with financial and economic benefits. Due to the processes of digitalization, a new concept has been developed, namely smart cities. This concept delivers economic and financial potential, not only to cities, but also to urban and local economic development. Therefore, to ensure the establishment of this concept, local government units, i.e., cities, need to have enough financial resources. In addition, the fiscal capacity of their local budgets should be sufficient. The objective of this paper is to evaluate the fiscal capacity of large cities in Croatia over the 2016-2018 period, as well as to present the financial support through funding schemes for the establishment of smart cities. After calculating the level of fiscal capacity of large cities, the analysis revealed interesting results. Only four large cities (Split, Rijeka, Zadar and Pula) achieved positive fiscal capacity in the observed period. This provides evidence of fiscal performance and fiscal capacity for the establishment of smart cities. This concept will enhance the quality of life, stimulate economic growth, sustain local government budgets and create new value for both investors and the local population.
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Miller, Edward M. "Design of Financial Systems for Economic Stability." American Economist 33, no. 2 (October 1989): 39–52. http://dx.doi.org/10.1177/056943458903300205.
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CHYRAK, Iryna. "FINANCIAL STABILITY, FINANCIAL INSTABILITY AND FINANCIAL SUSTAINABILITY OF THE ECONOMY." WORLD OF FINANCE, no. 2(63) (2020): 115–25. http://dx.doi.org/10.35774/sf2020.02.115.
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Introduction. The financial instability has significantly increased due to the liberalization of foreign economic relations, the weakening of state control over the movement of capital and the acceleration of globalization processes in the financial and credit sphere. It has weakened the sustainability of national economies and made them more vulnerable to crisis shocks. Significant economic losses from crisis phenomena increase the need for research of the nature of financial instability and sustainability of the economy, the factors affecting its condition and the identification of pre-crisis risks. Issues of developing and effectively utilizing measures aimed at improving the financial stability of the economy remain relevant. It will minimize the negative impact of shocks and maintain steadily growing economic dynamics. The purpose is to generalize theoretical approaches in order to determine the essence of financial stability, financial instability and financial sustainability, to identify factors affecting it, and also to define the peculiarities of providing financial sustainability of the economy in conditions of Covid-19 pandemic. Methods. It has been used a number of scientific and special methods of the research such as: analysis, synthesis, induction, deduction, abstract, logic and generalization methods while studying the modern theoretical approaches to determine the nature of financial stability and financial stability of the economy, identifying the interdependencies between them, analyzing of scientists' views on the nature of financial instability, the causes of its occurrence and possible negative consequences for the economy. Results. Theoretical approaches to determining the essence of financial stability and financial stability of the economy have been considered and generalized. It has been established that they are interrelated and interdependent phenomena and the most important conditions for stable development of the national economy. The views of scientists and researchers on the nature of financial instability, the causes of its occurrence and possible negative consequences for the economy have been analyzed. It has been found that the vast majority of scientists associate instability with the inability of the financial system to withstand shocks and prevent their devastating impact on the real economy. It has been determined that there are many factors that can cause financial instability and the impact of each of them at some point in time can be significant. It has been emphasized on increasing risks of crisis emergence and deployment in both global and national economies in the conditions of the Covid-19 pandemic and the importance of providing government support to businesses and industries to adapt to evolving circumstances. Conclusions. Further research suggests focusing on the development and effective use of measures aimed at improving the financial sustainability of the economy, which will minimize the negative impact of shocks and maintain a steadily increasing economic dynamic.
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Wei, Rongrong, and Zhaopeng Yu. "Sci-tech Innovation, Financial Development and Economy Growth ——Empirical Analysis Based on Static and Dynamic Panel Data." MATEC Web of Conferences 227 (2018): 02014. http://dx.doi.org/10.1051/matecconf/201822702014.
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The paper makes empirical analysis of the relationship between sci-tech innovation, financial development and economic growth in China’s Yangtze river economic belt by building panel data period fixed effect model of 11 provinces and cities in China’s Yangtze river economic belt from 2005 to 2015. Static panel analysis results show that financial development and sci-tech innovation in the east, middle and west of Yangtze river economic belt have significantly different effects on economic growth, the performance’s ordering of all provinces and cities in Yangtze river economic belt is east>middle>west; In system GMM(one-step),the ranking of financial development’s contribution to economic growth is financial development structure>financial development efficiency>financial development scale, financial development scale has lag effect on economic growth, and there is still much room for sci-tech innovation to drive economic growth.
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Ioannou, Stefanos, and Dariusz Wójcik. "Finance and growth nexus: An international analysis across cities." Urban Studies 58, no. 1 (January 9, 2020): 223–42. http://dx.doi.org/10.1177/0042098019889244.
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We examine the relationship between finance and economic growth in the metropolitan areas of 75 countries at various stages of economic development in the period 2001–2015. Our analysis demonstrates an inverted-U shaped relationship between finance and growth. This relationship becomes even more significant in the areas of a country outside its largest financial centre, indicating that while these areas can benefit from financial development, they are also the most vulnerable. We show that large financial centres can have an impact on growth across their national economies, but in doing so they complement rather than replace local financial centres. Overall, our results highlight the risks associated with the excesses of financial development and lend evidence to support calls for more decentralised financial systems.
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GOLESKO, I. "ECONOMIC ESSENCE OF FINANCIAL STABILITY OF AN ENTERPRISE." Economics of the transport complex, no. 30 (December 4, 2017): 49. http://dx.doi.org/10.30977/etk.2225-2304.2017.30.0.49.
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De Nicoló, Gianni, and Alexander F. Tieman. "Economic Integration and Financial Stability: A European Perspective." IMF Working Papers 06, no. 296 (2006): 1. http://dx.doi.org/10.5089/9781451865561.001.
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Ong, Li L., and Bergljot Barkbu. "FX Swaps: Implications for Financial and Economic Stability." IMF Working Papers 10, no. 55 (2010): 1. http://dx.doi.org/10.5089/9781451963533.001.
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Ijaz, Shahzad, Arshad Hassan, Amine Tarazi, and Ahmad Fraz. "LINKING BANK COMPETITION, FINANCIAL STABILITY, AND ECONOMIC GROWTH." Journal of Business Economics and Management 21, no. 1 (February 4, 2020): 200–221. http://dx.doi.org/10.3846/jbem.2020.11761.
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This paper investigates the effect of bank competition and financial stability on economic growth by examining panel-data from 38 European countries over 2001 to 2017. Bank competition is measured with the Boone indicator, and bank stability with Z-scores and non-performing loan ratios, all at the country level. This study employs a fixed-effect estimator, as well as a system generalized method of moment (GMM) estimator to control unobserved heterogeneity, endogeneity, the dynamic effect of economic growth, and reverse causality in its estimation. Results show that bank stability significantly contributes to economic growth in Europe. Economic growth falls during crisis periods (both the global financial crisis and the local banking crisis), highlighting the importance of a resilient banking system during crisis periods. Moreover, empirical outcomes show that lower banking competition supports economic growth and increases financial stability. This study provides a framework for banks and regulators to boost economic growth through the channel of banking stability.
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Liu, Fengyun, Chuanzhe Liu, and Honghao Ren. "Urban Housing Price Fluctuations and Regional Systemic Financial Risks: Panel Spatial Economic Models in Jiangsu, China." Sustainability 10, no. 10 (September 27, 2018): 3452. http://dx.doi.org/10.3390/su10103452.
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The regional systemic financial risks driven by escalating urban housing prices have been of great concern recently. Based on the theoretical analyses on the mechanism of formation of regional systemic financial risk driven by urban housing price fluctuations, this paper builds panel spatial economic models to empirically analyze the relationship between urban housing price fluctuations and regional systemic financial risks, in addition to their spatial linkages, in 13 cities in Jiangsu, a representative province of China. The empirical results show the following. (1) The excessive investment or speculation of local governments, banks, real estate developers, individuals, and families on the housing market stimulate the escalation in urban housing prices, leading to the systemic financial risks; (2) Urban housing prices and the land supply price of local governments have strong spatial contagion effects among cities, which will diffuse risks to adjacent cities, causing regional systemic financial risk; (3) Compared with North Jiangsu, South Jiangsu has more serious investment expansion from real estate developers and stronger spatial contagion effects, suggesting the existence of heavier regional systemic financial risks derived from housing price fluctuations; (4) North Jiangsu has slightly stronger “imitative behavior” among local governments, and fewer “substitution effects” of central cities’ demand to adjacent cities’ demand than does South Jiangsu.
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Goodhart, C. A. E. "Financial Regulation, Credit Risk and Financial Stability." National Institute Economic Review 192 (April 2005): 118–27. http://dx.doi.org/10.1177/002795010519200111.
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In contrast to recent successful developments in macro monetary policies, the modelling, measurement and management of systemic financial stability has remained problematical. Indeed, the focus of most effort has been on improving individual, rather than systemic, bank risk management; the Basel II objective has been to bring regulatory bank capital into line with the (sophisticated) banks‘ assessment of their own economic capital. Even at the individual bank level there are concerns over (i) appropriate diversification allowances, (ii) differing objectives of banks and regulators, (iii) the need for a buffer over regulatory minima, and (iv) the distinction between expected and unexpected losses (EL and UL). At the systemic level the quite complex and prescriptive content of Basel II raises dangers of ‘endogenous risk’ and procyclicality. Simulations suggest that this latter could be a serious problem.
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Draghi, Mario. "The future of global financial stability." European View 9, no. 1 (June 2010): 23–27. http://dx.doi.org/10.1007/s12290-010-0122-6.
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The current economic crisis has revealed the shortcomings of the current global financial system, and it is clear that there must be a fundamental shift in the approaches to global financial governance. The seeds for a more comprehensive global system have been sown, as evidenced by the increasing amount of international dialogue, not only amongst the global economic giants but also amongst emerging economies. However, there is a need to develop mechanisms for high-quality regulation rather than falling into the trap of reacting to the current crisis.
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Yakubu, Zakaria, Nanthakumar Loganathan, Tirta Nugraha Mursitama, Abbas Mardani, Syed Abdul Rehman Khan, and Asan Ali Golam Hassan. "Financial Liberalisation, Political Stability, and Economic Determinants of Real Economic Growth in Kenya." Energies 13, no. 13 (July 3, 2020): 3426. http://dx.doi.org/10.3390/en13133426.
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This study aimed to analyse financial liberalisation, political stability, and economic determinants of Kenya’s real economic growth using time series data over the period of 1970–2016. The authors specified quadratic and interactive models to be estimated by employing a quantile regression analysis. The traditional and quantile unit root test was used in testing the stationarity issue. The co-integration findings indicated that the capital account openness and financial development impede on real economic growth; and the political stability also had potential influence on the real economic growth of Kenya. Interestingly, there is a nonlinear U-shape link between financial development and real economic growth that undermined the real economic growth at its onset, but as it advanced, it enhanced the growth of the country in the long run. The policymakers should ensure that the capital account is more liberalised so that it will continue to stimulate the financial development. In the same way, the liberalisation of the domestic financial market should be taken in earnest to overcome the negative effects of financial repression in totality, while maintaining the stable political atmosphere.
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Melnyk, Maryana, Iryna Leshchukh, and Roman Yaremchuk. "Influence of administrative and financial decentralization on changing the positioning of cities in the economy of the Carpathian region." Regional Economy, no. 1(91) (2019): 14–23. http://dx.doi.org/10.36818/1562-0905-2019-1-2.
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Socio-economic implications of the voluntary association of territorial communities at the administrative and financial decentralization final stage and the expected reformatting of the administrative and territorial structure of Ukrainian regions create favorable conditions for the growth of cities’ economic power and their role in the development of regions and the country as a whole. It is worth noting that without strong regional centers it is difficult to develop strong regions. The main purpose of the article is to determine the features of the impact of administrative and financial decentralization on changing the cities’ positioning in the Carpathian region’s socio-economic system, as well as to outline the perspective directions of their development in the new administrative-territorial and financial system of Ukrainian regions. In particular, the article outlines the main reasons that cause the low activity of cities in the region during the implementation of administrative and financial decentralization in 2015-2017. The potential threats to the spatial development of the Carpathian region cities as a result of administrative-territorial and budgetary system reformatting are highlighted, as well as possible ways for their effective settlement are defined. The features of the cities’ positioning in the economy of regions and districts as administrative and financial decentralization result in 2015-2017 convincingly testify that the Carpathian region centers and cities of regional significance are those “centers of growth” that most actively influence the process of socio-economic development in their areas, including due to the benefits of fiscal decentralization. In the long run, uniting around the cities of regional significance and effective cooperation of regional centers with neighboring united territorial communities can intensify the process of urban development, open up opportunities for balancing the interests of these cities as growth centers and suburban territorial communities interested in improving the quality of their inhabitants’ life.
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Zaporozhan, A. Ya. "Economic Stability and (or) Economic Growth." Administrative Consulting, no. 11 (January 8, 2021): 93–98. http://dx.doi.org/10.22394/1726-1139-2020-11-93-98.
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The article is devoted to consideration of two directions of state economic policy — maintaining economic stability and ensuring economic growth. The coronavirus pandemic has divided the world into “before and after”. In the previous period, the financial policy in Russia was based on the principle of macroeconomic stability. It would seem that the macroeconomic stability that has existed for several years has created the basis for economic growth in the country, but it has not been possible to realize the growth potential of the Russian economy. Economic stability is an important criterion for the economy. Only economic stability can be different.The economic stability of the Russian economy in the previous period is the economic stability of stagnation, because the cornerstone of the economic stabilization policy was maintaining a low inflation rate by artificially slowing down demand. N ow this economic stability of stagnation was overturned by the coronavirus epidemic due to a decrease in budget revenues and an increase in budget spending, which results in the threat of inflation.The purpose of the article is to substantiate the necessity and possibility of transition to a new form of economic stability — economic growth stability
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Adamenko, Iryna. "Financial stabilization in economic transformations." University Economic Bulletin, no. 43 (November 20, 2019): 126–33. http://dx.doi.org/10.31470/2306-546x-2019-43-126-133.
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Relevance of research topic. In the context of economic transformation, financial stability is a strategic objective of fiscal policy, which contributes to accelerating economic growth and revitalizing business activity in the country. Accordingly, ensuring effective influence on the social and economic processes of the public administration system involves reforming its components taking into account the globalization processes. Formulation of the problem. With the acceleration of the pace of financial and economic globalization, the issues of creating conditions for financial stabilization are being updated. An important direction in solving these issues at the state level should be to increase the effectiveness of fiscal policy. Analysis of recent research and publications. Issues of the formation and implementation of fiscal policy aimed at ensuring financial stability, acceleration of economic growth are presented in the papers of well-known domestic and foreign scientists: T. Bogolib, J. Buchanan, I. Zapatrina, G. Kucher, L. Lisyak, I. Lukyanenko, V. Makogon, P. Samuelson, J. Stiglitz, M. Pasichnyi, I. Chugunov and others. Selection of unexplored parts of the general problem. The mentioned questions are actualized in connection with the institutional transformations of the socio-economic model of the society’ development, which determine the need for increased effectiveness of fiscal policy. Much attention of financial institutions should be focused on ensuring financial stability and strengthening the stability of the financial system, strengthening its investment potential. Setting the task, the purpose of the study. The objectives of the study are to reveal the essence of the concept «financial stabilization», the definition of the peculiarities of the formation and implementation of fiscal policy in relation to its provision. The purpose of the study is to substantiate the strategic objectives of the fiscal policy on financial stabilization in the context of economic transformation. Method or methodology for carrying out the research. The article uses a set of methods of scientific research: system approach, structuring, analysis and synthesis, and others. Presentation of the main material (results of work). The essence of the concept «financial stabilization» is revealed, peculiarities of the formation and implementation of the fiscal policy concerning its provision are determined. The strategic tasks of fiscal policy concerning financial stabilization in the conditions of economic transformations are substantiated. The field of application of results. The results of this study can be used in the formation and implementation of fiscal policy in Ukraine. Conclusions according to the article. Ensuring financial stabilization is an integral part of the country's socio-economic development strategy. The tools of fiscal policy form a complex of financial and budgetary tactics. With their help, the implementation of the directions and tasks of the fiscal strategy is determined and the effectiveness of its implementation depends decisively. In the conditions of the formation of Ukraine as an independent state, the main reference point of fiscal policy was to ensure the solvency of the state as an instrument for creating conditions conducive to the revitalization of economic activity. At the current stage, the strategic goal should be to actively stimulate economic growth as the main instrument for ensuring financial stabilization through the rational management of public financial resources.
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MUNTIYAN, V. I., and V. E. BOCHAROV. "ECONOMIC PREREQUISITES FOR FINANCIAL SECURITY." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 2, no. 11 (2020): 83–95. http://dx.doi.org/10.36871/ek.up.p.r.2020.11.02.012.
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The article deals with the development of the Russian financial system at the present stage, in conditions of uncertainty. The historical series of relations between reparations and Russia's economic growth is shown. From the point of view of system analysis, the author substantiates a set of measures to increase the stability of the national economy and ensure coordinated work of the financial and industrial spheres aimed at stimulating the socioeconomic development of the country. Special attention is paid to the problematic issues of ensuring the financial security of the state and suggested ways to solve them.
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Doll, Christina. "Facilitating workforce development: The economic developer’s role in supporting economic stability in medium and small resource-based British Columbian cities." Papers in Canadian Economic Development 18 (April 11, 2019): 111. http://dx.doi.org/10.15353/pced.v18i0.97.
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<p>The availability of a talented workforce is increasingly being cited as a barrier to growth by businesses across Canada. This worker shortage is particularly challenging for organizations looking to expand in medium and small resource-based cities. This is due to an increase in outmigration to large cities by people seeking knowledge economy based employment and negative perceptions of resource-based cities. These factors hinder employer’s ability to attract people to their smaller resource-reliant communities from other cities. Economic developers in these smaller cities can adjust to these changing realities by highlighting their community’s strengths in relation to larger cities to attract and retain the skilled talent needed to support the growth of their existing businesses and to attract new business. Economic developers in the Kootenays, Prince George and Quesnel have all recognized this opportunity and the work being done in these communities to increase the population base can be used as a model by other communities grappling with similar workforce attraction and retention issues. </p><p><strong>Keywords: </strong>economic development, workforce, population, attraction and retention, natural resources, urbanization, outmigration </p>
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Mirecka, Elżbieta. "Cryptocurrencies and the issues of financial and economic stability." Zeszyty Naukowe Uniwersytetu Szczecińskiego Finanse Rynki Finansowe Ubezpieczenia 92 (2018): 281–89. http://dx.doi.org/10.18276/frfu.2018.92-24.
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Manu, Lordina P., Charles K. D. Adjasi, Joshua Abor, and Simon K. Harvey. "Financial stability and economic growth: a cross-country study." International Journal of Financial Services Management 5, no. 2 (2011): 121. http://dx.doi.org/10.1504/ijfsm.2011.041920.
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Rohima, Siti. "The Financial Performance of Regencies/Cities in South Sumatera Province (2006-2015 Time Period)." AFEBI Economic and Finance Review 2, no. 01 (August 7, 2017): 43. http://dx.doi.org/10.47312/aefr.v2i01.50.
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<p>This study is for observing the regional financial performance influence of regencies/cities in South Sumatera province. The research is implemented quantitatively by using the data panel double regression of the 2006 – 2015 time period. Regional financial performance covers fiscal decentralization, autonomy, effectiveness and efficiency. Based on a partial count, fiscal decentralization has a regression coefficient as large as 62.73185, which means fiscal decentralization has a positive and significant influence to economic growth. Then regional finance autonomy has a regression coefficient as large as -16.04656 which means that regional autonomy has a negative influence yet significant to economic growth. Observing from regional financial effectiveness which has a regression coefficient as large as -0.074855, which means that effectiveness has a negative influence and not significant to economic growth. Regional financial efficiency has a regression coefficient as large as -0.254122, which means that efficiency has a negative influence and not significant to economic growth. Based on the count as a whole it means that Fiscal Decentralization, Regional Finance Autonomy, Effectiveness, and Efficiency have significant influences to economic growth. This means regional financial performance is very influential to the economic growth of regencies/cities in South Sumatera Province in the 2006-2015 time period.</p><p><br />JEL Classification: E02, H70, H77<br />Keywords: Autonomy, Economic Growth, Effectiveness, Efficiency, Regional Financial Performance, Fiscal Decentralization</p>
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Stanciu, Leontin. "Financial Stability - Fundamental Pillar of Macroeconomic Balance and Stability." International conference KNOWLEDGE-BASED ORGANIZATION 25, no. 2 (June 1, 2019): 93–97. http://dx.doi.org/10.2478/kbo-2019-0062.
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Abstract The financial stability is a fundamental condition for ensuring and maintaining the balance and the stability at macroeconomic level. At the same time, ensuring the macroeconomic financial stability is a priority of the state’s economic security as well as of all the public authorities having responsibilities in the field of the macro-prudential regulation and supervision. In this context, our scientific approach aims at systematizing, deepening and developing this fundamental issue of the financial theory and practice.
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Benzar, Olena, and Aleksandra Laktionova. "FINANCIAL CONSTRAINTS OF NON-FINANCIAL CORPORATIONS AS A FACTOR OF FINANCIAL STABILITY OF THE BANKING SYSTEM." Economic Analysis, no. 29(2) (2019): 5–14. http://dx.doi.org/10.35774/econa2019.02.005.
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Introduction. Under the conditions of an active development of financial sector and the demand for expanding its capabilities by business entities there is a need to attract additional capital. It is a reason for finding a certain balance and arrangement of mutually beneficial economic relations. The phenomenon of financial constraints as the company's low ability to attract additional external capital plays a crucial role in modern non-perfect market. The searching for ways of expansion of access to credit by the non-financial corporate sector under the requirement of financial stability support of the banking system is a basis for building sustainable economic ties on the financial market and safe growth of the country's economy without propagating the asymmetric credit cycle. For such a cycle, the stage of recovery of supply and demand in the market is faster and more stable. Purpose. The justification of theoretical basis of the phenomenon of financial constraints and its key channels of interaction with the financial performance of the banking system and its financial stability. Results. The scientific results of work are the detection of the main channels of mutual influence of the financial constraints of non-financial corporations and the financial stability of banks, identification of directions for reducing financial constraints among economic entities in order to expand the possibilities for activating their economic development, that allows to increase the comprehensiveness of decisions on expansion of access to capital of banks and determine their impact on systemic financial risks and financial stability of the banking system in overall.
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Petrenko, Victoria. "FACTOR ANALYSES OF FINANCIAL STABILITY OF ECONOMIC SECURITY OF JOINT AGRICULTURAL ENTERPRISES." Economic Analysis, no. 27(4) (2017): 255–60. http://dx.doi.org/10.35774/econa2017.04.255.
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Introduction. The article deals with the issues of the relationship between financial sustainability of an enterprise and its level of economic security. The content of financial stability is considered. The author's definition is presented in this research. The main conditions of stability achievement are investigated. A logical scheme is presented. This scheme reflects the place of financial stability and financial security in ensuring economic security of the economic entity. The system of external and internal factors influencing financial stability and threatens financial stability and financial safety of the enterprise is considered. Purpose. The article aims to carry out the factor analysis of financial sustainability for the economic security of joint agricultural enterprises. Results. It has been established that internal factors, such as the availability of financial resources and financial position, the structure of capital, the ability of an enterprise to generate profits determine the level of its economic security and the ability to withstand the negative effects of external and internal threats. It has been substantiated the necessity to increase the financial stability with the purpose of growth of level of economic safety of the enterprise. On the basis of the conducted research, it has been proposed a matrix of risks that influence the financial stability and economic safety of the enterprise. It allows determining the probability of their manifestation and degree of influence. We have determined the economic, social, human resources, financial, organizational and economic, and innovative and production tools for improving the stability and financial security of the economic entity. The list of typical measures that have been considered in this article will allow making a plan to minimize adverse impacts and enhance financial sustainability and security.
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Meera, Ahamed Kameel Mydin. "GOLD NETTING TO STRENGTHEN FINANCIAL SYSTEM STABILITY." Journal of Islamic Monetary Economics and Finance 3, no. 1 (August 31, 2017): 1–24. http://dx.doi.org/10.21098/jimf.v3i1.713.
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Economic and financial crises seem to occur with increased frequency. Indeed now most countries, including several advanced economies like the US, Europe and Japan, are in serious economic recession. Employment and business opportunities have been much dampened. Inflation seems to be soaring globally and nations are witnessing widening gaps in income and wealth distribution. Many of these advanced economies are also facing shrinking population sizes that translate into aging problems and labor shortages. On top of those, there are environmental issues, including global warming. All these, in turn, have caused regional and global political conflicts and turmoil. The Arab Spring and the sovereign debt problems faced by some European countries like Greece are examples of this. Sustainability of economics and environment is thus of paramount concern of today. This paper considers those problems and suggests Interest-free Gold-based Electronic Netting System (IGENS) as an effective way of injecting liquidity into the economy, practically free, that can spur business and employment while bringing about structural stability, inflation checked with both economic and environmental sustainability. Netting or muqassah is a transaction allowed in shari’ah and is practiced worldwide in different forms. Examples include the highly successful WIR Bank of Switzerland, various Local Exchange Trading Schemes (LETS) and Bilateral and Multilateral Payment Arrangements between central banks. Keywords: Global crisis, Payment system, Gold, Netting, Muqassah, Liquidity, Sustainability, Financial system stabilityJEL Classification: E40, E42, E51
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Stoica, Ovidiu, and Iulian Ihnatov. "Exchange rate regimes and external financial stability." Ekonomski anali 61, no. 209 (2016): 27–43. http://dx.doi.org/10.2298/eka1609027s.
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Financial stability within the framework of the global financial crisis has become a common topic for researchers and practitioners. In order to analyse the impact of exchange rate regimes on financial stability we use both the de jure and de facto exchange rate classifications. We apply the model to a 1999-2010 annual data sample for 135 countries and territories, grouped by the level of economic development. Our second focus is the investigation of the effects of the exchange rate regimes in three economic integration areas (member countries of the European Union 27, the Southern Common Market, and the Association of Southeast Asian Nations) on financial stability. Our results generally support the central banks? concerns that the flexibility of exchange rate regimes should be reduced in order to sustain financial stability; however, the findings are not robust when using alternative regime classifications.
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Zebua, Selamat. "THE HOUSEHOLD FINANCIAL CONDUCT AND ITS IMPACT ON STABILITY FINANCIAL SYSTEM." Magisma: Jurnal Ilmiah Ekonomi dan Bisnis 9, no. 2 (July 28, 2021): 200–212. http://dx.doi.org/10.35829/magisma.v9i2.157.
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The importance of maintaining Financial System Stability is the basis for economic sustainability. One of the pillars of national economic resilience is the role of the household sector as a fundamental object so that supply and demand reach an equilibrium point. Household financial behavior is closely related to income levels and household credit behavior towards Financial System Stability. Therefore, the aim of this study is to determine whether there is an effect of financial behavior in the household sector on financial system stability. Data collection using purposive sampling method was carried out using a questionnaire through the help of Google Forms application to 400 households in the Tangerang area. The analytical tool used is Structural Equation Modeling (SEM) with SmartPLS 3. 0 to explain the correlation between endogenous and exogenous variables. The loading factor results indicate that the value of financial behavior is 0.285, household income is 0.232 and household credit behavior is 0.229 has a significant effect on the financial stability system. Meanwhile, the value of financial behavior is 0.599 on household income and the value of financial behavior is 0.588 on household credit behavior which has a direct effect.
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Fabris, Nikola. "Financial Stability and Climate Change." Journal of Central Banking Theory and Practice 9, no. 3 (September 1, 2020): 27–43. http://dx.doi.org/10.2478/jcbtp-2020-0034.
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AbstractFighting climate change is one of the biggest challenges in the 21st century. Climate change that leads to global warming has been increasingly visible in our environment. Extreme weather conditions such as hurricanes, floods, and droughts have been escalating and their acceleration can be expected in the future. They cause changes in sea levels, epidemics, large fires, etc. Increasingly, we are witnessing minor or major damage caused by these extreme weather conditions. Numerous studies have proven that climate change has negative impact on economic growth and prosperity. However, this paper starts from the premise that in addition to unequivocally identified threats, climate change also creates opportunities.The paper reaches a conclusion that climate change can adversely affect balance sheets of financial institutions. Therefore, climate change is a source of financial risk and thus a part of the mandate of central banks and supervisors in preserving financial stability. This type of risk has not been given enough attention by either supervisors or financial institutions over the past period. This paper develops a model for managing financial risks as a result of climate change.
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Ryan, Stephen G. "Recent Research on Banks’ Financial Reporting and Financial Stability." Annual Review of Financial Economics 10, no. 1 (November 2018): 101–23. http://dx.doi.org/10.1146/annurev-financial-110217-022700.
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Banks’ financial reporting requirements and discretionary choices may affect financial stability by altering one or more of the likelihood that banks violate regulatory capital requirements, banks’ internal discipline over risk management and financial reporting, and external market and regulatory discipline over banks. In this article, I discuss five recent empirical papers that examine these channels linking banks’ financial reporting to financial stability. I explain how these papers identify economic contexts and associated financial reporting constructs that enable powerful examinations of these channels, and how they employ research designs that meaningfully address the issues regarding valid causal inference raised by Acharya & Ryan (2016) . I conclude that, while each study examines a specific channel or two in a specific setting, collectively the literature is making steady progress in enhancing our understanding of the causal forces at play in the channels linking banks’ financial reporting and financial stability, the goal set forth by Acharya & Ryan (2016) . I also identify open questions that these papers suggest for future research on the effects of banks’ financial reporting on financial stability.
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Kalafatis, Scott E. "Socioeconomic Reinvention and Expanding Engagement with Climate Change Policy in American Rust Belt Cities." Atmosphere 11, no. 12 (December 7, 2020): 1327. http://dx.doi.org/10.3390/atmos11121327.
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Despite an appreciation for the role of cities in addressing global climate change, more studies are needed that explore how climate change policies relate to cities’ everyday governing concerns. Such insights are critical for understanding how climate change policy will expand, play out, and evolve as it moves from experimental efforts in particularly innovative cities to the majority of cities. This study addresses these needs using 32 interviews and over 200 survey responses from smaller cities (populations under 100,000) in the American rust belt. In the interviews comparing cities’ financial concerns, economic development considerations, and how other cities influence them, a distinctive mindset amongst cities highly engaged with climate change emerged. Highly engaged cities were those pursuing socioeconomic reinvention, informed by efforts to identify and apply policy ideas from a wide range of other cities across the United States and internationally. Results of the regression analyses supported the notion that financial concerns, economic development considerations, and the influence of other cities shape decisions about climate change policy in these cities. However, they also highlighted the complexity of these issues and that the role these factors had in shaping climate change policy will likely continue to evolve as these policies continue to diffuse to more places.
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Cyburt, Agnieszka. "BUDGET AND FINANCIAL BALANCE INCLUDING THE PROBLEM OF FINANCIAL STABILITY OF COMMUNES AND CITIES WITH COUNTY RIGHTS." Annals of the Polish Association of Agricultural and Agribusiness Economists XIII, no. 1 (March 9, 2021): 9–22. http://dx.doi.org/10.5604/01.3001.0014.7912.
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The main purpose of the study was to assess the budget and financial balance, including financial stability and compare the situation of all communes and cities with county status, with particular emphasis on the situation of communes and cities with county status in the Lubelskie Voivodship. The choice of the Lubelskie Voivodship was deliberate and dictated by its low level of development expressed by a GDP per capita value significantly lower than the national average and much lower than the EU average (48% of the EU average) and poor financial potential. The time scope of the research was limited to 2018-2020, however, in 2020, current available data only covering Q3 was used. The main source of data was information obtained from the Ministry of Finance, Regional Audit Chamber and Local Data Bank GUS. An analysis and criticism of literature was carried out and selected research methods were used, including general methods, and quantitative methods of financial analysis (ratio analysis). The obtained results confirm that the situation of the budget balance and current balance of the surveyed units differs, while the value of the calculated ratios relating to financial balance, including financial stability, varied and these differences were revealed in the types of units and according to their number and location (all units of a given type – Poland or units of the Lubelskie Voivodship). Changes in the analysed values over time were also noted.
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Dědek, Oldřich. "Managing economic convergence and financial stability in the czech republic." Prague Economic Papers 11, no. 2 (January 1, 2002): 121–34. http://dx.doi.org/10.18267/j.pep.191.
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Carrasco-Gallego, José A. "Real Estate, Economic Stability and the New Macro-Financial Policies." Sustainability 13, no. 1 (December 29, 2020): 236. http://dx.doi.org/10.3390/su13010236.
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The influence of real estate on finance and the whole economy has captured significant attention, especially since the aftermath of the Great Recession, because of the potential of this sector to destabilize markets. This paper explores the other way around: housing markets’ capacity to stabilize the economy through different macroprudential policies facing several types of shocks to achieve financial stability as a driver of sustainability. Specifically, a dynamic stochastic general equilibrium model is used to evaluate the effectiveness to stabilize the economy of different macroprudential tools based on the loan-to-value ratio for real estate, on the countercyclical capital buffer for the financial sector and a combination of both tools, facing a housing price shock, a technology shock and a financial shock. The model presents three types of agents (borrowers, entrepreneurs and banks) in an economy with a real estate market, a financial sector, a labor market and a production sector. The government can use different macroprudential policies to stabilize the economy, leaning against the wind of several shocks to achieve economic and financial sustainability. The assessment of the effectiveness of each policy shows that, in the case of a housing sector shock and a technology shock, the more effective policy is the one based on a countercyclical rule on the loan-to-value ratio for the real estate sector as a macroprudential tool. Furthermore, with a house price shock, if the macroprudential authority applies a macroprudential policy based on the countercyclical capital buffer, the shock may be exacerbated. Additionally, when there is a financial shock, the macroprudential authority may face a trade-off between several macro-financial policies depending on its objective. Therefore, it is not recommendable to automatically apply a macroprudential policy without a meticulous analysis of the nature of the shock that the economy is experimenting with and how different policies can stabilize or destabilize the different markets and, therefore, reach higher or lower sustainability.
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Kang, Kyeong-Hoon, and Young-Soo Bae. "The Effects of Financial Development on Economic Stability in Korea." Journal of Money & Finance 32, no. 3 (September 30, 2018): 37–61. http://dx.doi.org/10.21023/jmf.32.3.2.
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Smerichevskyi, Sergyi, Ihor Kryvoviaziuk, and Larysa Raicheva. "ECONOMIC CONSEQUENCES OF FINANCIAL STABILITY VIOLATION OF WORLD AUTOMOTIVE CORPORATIONS." Baltic Journal of Economic Studies 4, no. 2 (2018): 229–34. http://dx.doi.org/10.30525/2256-0742/2018-4-2-229-234.
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