scholarly journals Status of Financial Literacy Centers in Karnataka

2017 ◽  
Vol 16 (4) ◽  
pp. 23-35
Author(s):  
R Sangeetha ◽  
Jain Mathew ◽  
Sheethal C Francline
Keyword(s):  
Economic Growth ◽  
Data Base ◽  
Financial Literacy ◽  
Financial System ◽  
Descriptive Statistics ◽  
Financial Situation ◽  
Indian Economy ◽  
Secondary Sources ◽  
Literacy Centers ◽  
The Status

Financial literacy as a key pillar for a better financial system, helps to improve the financial situation of the citizens by achieving higher economic growth. This study aims to find out the status of Financial Literacy Center, among 30 districts in Karnataka over a period of 9 years (2008-2009 to 2016-17). The variables considered for the study are Deposits, Advances, Credit Deposit Ratio (CD ratio), Financial Literacy Centers (FLC) and Number of Reporting Offices (no. of reporting offices) available in the district. Data has been collected from various secondary sources like RBI, SLBC, Data Base on Indian Economy, etc., and analyzed using Descriptive statistics, Regression and  ANOVA. It is found that there is an impact of FLC on CD ratio. However growth of the CD ratio is not in alignment with the growth in FLC.

The limit of the contemporary financial system in Russia

2020 ◽  
Vol 16 (7) ◽  
pp. 1223-1245
Author(s):  
V.V. Smirnov
Keyword(s):  
Cluster Analysis ◽  
Foreign Currency ◽  
Financial System ◽  
Descriptive Statistics ◽  
High Tech ◽  
Monetary Aggregate ◽  
Internal System ◽  
Monetary Relations ◽  
And Cluster Analysis ◽  
Structural Preservation

Subject. The article focuses on the modern financial system of Russia. Objectives. I determine the limit of the contemporary financial system in Russia. Methods. The study is based on methods of descriptive statistics, statistical and cluster analysis. Results. The article shows the possibility of determining the scope of the contemporary financial system in Russia by establishing monetary relations as the order of the internal system and concerted operation of subsystems, preserving the structure of the financial system, maintaining the operational regime, implementing the program and achieving the goal. I found that the Russian financial system correlated with the Angolan one, and the real scope of the contemporary financial system in Russia. Conclusions and Relevance. As an attempt to effectively establish monetary relations and manage them, the limit of the contemporary financial system is related to the possibility of using Monetary Aggregate M0 to maintain the balance of the Central Bank of Russia. To overcome the scope of Russia’s financial system, the economy should have changed its specialization, refocusing it on high-tech export and increasing the foreign currency reserves. This can be done if amendments to Russia’s Constitution are adopted. The findings expand the scope of knowledge and create new competence in the establishment of monetary relations, order of the internal system and concerted interaction of subsystems, structural preservation of the financial system and maintenance of its operational regime.

Perceived Social Mobility and Political Trust in China

2015 ◽  
Vol 14 (4) ◽  
pp. 315-336 ◽  
Author(s):  
Zhenhua Su ◽  
Yang Cao ◽  
Jingkai He ◽  
Waibin Huang
Keyword(s):  
Economic Growth ◽  
Social Mobility ◽  
Social Order ◽  
Political Trust ◽  
Traditional Culture ◽  
Status Quo ◽  
World Values Survey ◽  
Reform Era ◽  
The Status ◽  
And Control

Existing studies have traced China’s high political trust to three sources: traditional culture, the state’s success in fostering economic growth, and ideological propaganda. We identify a fourth source: perceived social mobility. We argue that when people perceive a reasonable chance for upward mobility based on personal initiatives and efforts, the status quo becomes more justifiable because individuals are responsible for their own successes and failures. Perceived social mobility thus instills a sense of optimism and fairness and exonerates the regime from many blames, thereby enhancing political trust. Regression analysis of the China portion of the 2007 World Values Survey data shows that respondents who saw themselves as having choices and control in life were indeed more likely to trust the ruling communist party. The respondents’ overall level of perceived social mobility is also high, which is consistent with the massive shake-up of the preexisting social order in China’s reform era.

From Economic Security to Equality: Frieda Miller, Esther Peterson, and the Revival of the Alternative View of Public Administration, 1945-1964

2017 ◽  
Vol 48 (8) ◽  
pp. 795-807
Author(s):  
John Thomas McGuire
Keyword(s):  
World War Ii ◽  
Public Administration ◽  
Economic Security ◽  
Alternative View ◽  
Women's Labor ◽  
Equal Pay ◽  
Secondary Sources ◽  
The Status ◽  
Equal Pay Act ◽  
Women's Bureau

This article examines how Frieda Miller and Esther Peterson, two influential directors of the U.S. Department of Labor’s Women’s Bureau after World War II, revived and continued the alternative view of public administration through a combination of primary and secondary sources. Miller, who served as director from 1944 through 1953, reestablished a social justice–centered view of public administration through the creation of a special advisory committee and the institution of a new agenda that stressed equality over economic security. Peterson, who served from 1961 through 1964, quickly moved the Women’s Bureau into a political network with women’s labor leaders and the John F. Kennedy presidential administration, helping to create the Presidential Commission on the Status of Women (PCSW) and to enact a federal Equal Pay Act.

scholarly journals Government Expenditure and Economic Growth Nexus: Evidence from Nigeria

2016 ◽  
Vol 5 (4) ◽  
pp. 56
Author(s):  
Oyediran, Leye Sherifdeen ◽  
Sanni, Ibrahim ◽  
Adedoyin, Lukman ◽  
Oyewole Olabode Michael
Keyword(s):  
Economic Growth ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Least Square ◽  
National Bureau ◽  
Fiscal Discipline ◽  
Secondary Sources ◽  
Economic Development And Growth ◽  
The Government ◽  
The Impact

The need to better the lots of citizens through government expenditure has raised questions on the impact of government expenditure on the economic development and growth of nations. It is against this background that this paper examined the antecedent effect of government spending on the Nigerian economic growth. The general objective of the study is to ascertain the relationship between government expenditure and economic growth in Nigeria; specifically, the study examined: (i) the significance influence of government capital expenditure on economic growth in Nigeria and (ii) the significance influence of government recurrent expenditure on economic growth in Nigeria. The study employed ordinary least square (OLS) multiple regression analysis in estimating the specified model, with the Gross Domestic Product (GDP) as the dependent variable, while Capital Expenditure (CAPEXP) and Recurrent Expenditure (REXP) are the independent variables. Data between 1980 – 2013 were collected from secondary sources through the National Bureau of Statistics (NBS) and Central Bank of Nigeria (CBN). Results showed that in Nigeria, there exist a significant relationship between the government expenditure and economic growth. The study therefore recommends instilling fiscal discipline in government expenditures, and putting in place structural mechanisms to act as surveillance on capital spending so as to boost the nation’s human and social capital.

scholarly journals Financial system and growth and economic development

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 160-170
Author(s):  
Małgorzata Hala
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Financial Institutions ◽  
Financial System ◽  
Financial Sector ◽  
Real Sector ◽  
The Real ◽  
State And Local ◽  
The Impact

The aim of the article is to present the role of the financial system in economic growth and development. The first part presents the traditional understanding of the relationship between the economic system and economic growth. The second part presents the experience of financial crises and their impact on the conversation on the mutual relations between the financial sector and the real sector. The third part shows the role of the state in the financial system. The article describes the arrangement of interrelated financial institutions, financial markets and elements of the financial system infrastructure.  It shows what part of the economic system the financial system is, and whether it enables the provision of services allowing the circulation of purchasing power throughout the economy. The article presents the important role of the financial system, the role related to the transfer of capital from entities with savings to entities that need capital for investments. It shows the financial system as a set of logically related organizational forms, legal acts, financial institutions and other elements enabling entities to establish financial relations in the real sector and the financial sector, and this system forms the basis of activity for entities using money, enabling the conclusion of various economic transactions, in which money performs various functions. The article also presents the concept of a financial crisis as a situation in which there are rapid changes in the financial market, usually associated with insufficient liquidity or insolvency of banks or financial institutions, and as a result, a decrease in production or its deepening. The article also includes issues related to the impact of public authorities (state and local authorities) on the financial system in the economy.

scholarly journals Quality of financial reporting under IFRS and corporate governance influence: Evidence from the Greek banking sector during crisis

2019 ◽  
Vol 8 (4) ◽  
pp. 8-20
Author(s):  
Panagiotis Ballas ◽  
Alexandros Garefalakis ◽  
Christos Lemonakis ◽  
Vassiliki Balla
Keyword(s):  
Economic Growth ◽  
Corporate Governance ◽  
Financial Reporting ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
Debt Crisis ◽  
Financial System ◽  
Positive Contribution ◽  
Governance Practices

The financial system consists, without doubt, one of the most important determinants of the world national economies, which undergoes numerous changes and challenges with major impact on the economic growth prospects of a country. A healthy financial system is the steam engine of the economy, a major source for economic growth through which capitals are attracted for investments; hence, it is regarded as a trustee of financial stability. Given the difference in structure and function of the financial sector in various countries, we investigate the extent to which the implementation of International Financial Reporting Standards (IFRS) accompanied by Corporate Governance practices affected the quality of financial and narrative reporting offered within published statements of Greek banks for the period from 2008 to 2011. The originality of the work lies at the fact that it focuses on Greek financial institutions for a period that incorporates both the burst of global financial crisis and the beginning of the Greek sovereign debt crisis making inferences on quality of reporting as a result of IFRS and Corporate Governance practices adoption. Our analysis revealed the positive contribution of both of the above categories of variables to the accuracy and quality of the information offered to stakeholders.

scholarly journals A Study on the Problems and Prospects of Women Entrepreneurs with Special Reference to Guwahati City

2021 ◽  
Vol 9 (1) ◽  
pp. 409-418
Author(s):  
Priyanka Sharma
Keyword(s):  
Special Reference ◽  
Women Entrepreneurs ◽  
Primary Data ◽  
Family Work ◽  
Secondary Sources ◽  
Work Conflict ◽  
New Business ◽  
The Status ◽  
Guwahati City ◽  
The City

Women entrepreneur is a person who accepts challenging role to meet her personal needs and become economically independent. Entrepreneurship is an economic activity that involves designing, launching and running a new business enterprise in order to earn the profit by fully and efficiently utilizing the resources.The present paper tries to highlight the problems and prospects of women entrepreneurs with special reference to Guwahati city and makes analysis on the basis of the following criteria viz,age of the respondents, marital status of the respondents, educational qualification,years of experience,type of family,caste of the respondents,reason to start the business,motivation to start the business, marketing and financial problems faced by the women entrepreneurs, family-work conflict,production constraint faced by the women entrepreneurs, steps to be undertaken for development of women entrepreneurs etc and for analysis the researcher has conducted its study on the basis of primary data where the information were collected through well framed questionnaire meant for women entrepreneurs and secondary sources like journals,books,articles,websites etc.The paper also present certain findings of the study and also provide certain suggestions for improving the status of women entrepreneurs in the city.

scholarly journals An econometric analysis of the effectiveness of fiscal and monetary policies in India

2021 ◽  
Author(s):  
Anand Nadar
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Fiscal Policy ◽  
Money Supply ◽  
Series Data ◽  
Monetary Policies ◽  
Indian Economy ◽  
Long Run ◽  
Short Run ◽  
Bound Test

This study investigatesthe effectiveness of fiscal policy and monetary policy in India. We collected thetime series data for India ranging from 1960 to 2019 from World Development Indicator (WDI). Weapplied the bound test co-integration approach to check the long-run relationship between fiscalpolicy, monetary policy, and economic growth in the context of Indian economy. The short-run andlong-run effects of fiscal policy and monetary policy have been estimated using ARDL models. Theresults showed that there is a long-run relationship between fiscal and monetary policies witheconomic growth. The estimated short-run coefficients indicated that a few immediate short runimpacts of fiscal and monetary policies are insignificant. However, the short-run impacts becomesignificant as time passes. The long-run results suggested that the long-run impact of both fiscal andmonetary policies on economic growth are positive and significant. More specifically, the GDP levelincreases if the money supply and government expenditure increase (Expansionary fiscal andmonetary policies). On the other hand, the GDP level decreasesif the money supply and governmentexpenditure decrease (contractionary fiscal and monetary policies). Therefore, this studyrecommends to use expansionary policies to spur the Indian economy.

scholarly journals THE EFFECT OF SBI RATE THROUGH FINANCIAL SYSTEM TO ECONOMIC GROWTH OF INDONESIA

2007 ◽  
Vol 8 (4) ◽  
Author(s):  
Donni Fajar Anugrah
Keyword(s):  
Economic Growth ◽  
New Zealand ◽  
Central Bank ◽  
Inflation Targeting ◽  
Financial System

Bank Indonesia menerapkan Inflation Targeting Framework (ITF) sejak tahun 2000 dengan menggunakan base money sebagai alat kebijakan moneternya. Hasil penerapan framework ini kurang optimal jika melihat inflasi aktual yang tidak selalu berada dalam kisaran target yang telah diumumkan. Di sisi lain, beberapa negara yang juga menerapkan ITF, seperti New Zealand, telah berhasil mencapai tingkat inflasi yang rendah sesuai dengan target yang diumumkan. Mereka menggunakan suku bunga sebagai alat kebijakan moneter dalam penerapan ITF. Oleh karena itu, Bank Indonesia memutuskan untuk menggunakan suku bunga SBI sebagi alat kebijakan untuk mencapai inflasi yang rendah.Permasalahan yang perlu mendapat perhatian yaitu seberapa besar efek dari kebijakan ini terhadap pertumbuhan ekonomi secara bertahap. Dalam penerapannya, suku bunga SBI akan mempengaruhi sistem keuangan melalui suku bunga pasar, seperti suku bunga PUAB dan kredit. Secara teoritis kedua suku bunga pasar terseut dapat mempengaruhi konsumsi dan investasi. Penelitian ini akan lebih difokuskan pada efek suku bunga pada konsumsi dan investasi yang pada akhirnya berdampak pada tingkat pertumbuhan ekonomi.Dengan menggunakan pendekatan Joahnsen, akan dapat dijelaskakn hubungan jangka panjang antar variabel dan menghasilakn ECM yang digunakan dalam model jangka pendeknya. Hasil penelitian menunjukkan bahwa suku bunga dan konsumsi memiliki hubungan negatif hanya di jangka pendek. Sedangkan suku bunga dengan investasi berhbungan negatif dalam jangka panjang. Hasil akhir menunjukkan peningkatan  suku bunga akan berakibat pada penurunan pertumbuhan ekonomi.Keywords: central bank, sbi rate, consumption, investmentm economic growth, inflation targetingJEL: E21, E52, E58, F43

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