The Impact of Liberalization on Financial Volatility: The Case of Transition Economies

2014 ◽  
pp. 122-142
Author(s):  
Christopher A. HARTWELL ◽  
◽  
Keyword(s):  
Transition Economies ◽  
Financial Volatility ◽  
The Impact

scholarly journals Investigating the influence of nano-economy management channels on global transformations in the world

2021 ◽  
Vol 3 (13 (111)) ◽  
pp. 18-30
Author(s):  
Tetiana Ostapenko ◽  
Oleksandr Onopriienko ◽  
Iryna Hrashchenko ◽  
Elvira Danilova
Keyword(s):  
Transition Economies ◽  
Global Environment ◽  
Self Management ◽  
Economic Agents ◽  
The World ◽  
Human Economy ◽  
Business Entities ◽  
Main Components ◽  
Favorable Conditions ◽  
The Impact

The problem under investigation is determined by the fact that enterprises consist of separate economic agents that play an increasingly important role in production processes and their management. The channels of such management provide the transfer of positive experience of the totality of economic agents to the global environment. Due to the permanent process of transformations in the world caused by this influence, the probability of being on the sidelines is a problem for most business entities. Their competitiveness and integration into the world economic networks depend on high-quality management and wide application of innovative technologies, including nanotechnologies. The conducted study revealed that: – nano-economy consists of baby economy, human economy, and the economy of nanotechnologies; – the human economy is the central link and the main leader of the impact of nano-economy on global markets. The main components of its management are self-management, self-marketing, and innovative management of the organization personnel; – nanotechnologies, the economics of nanotechnologies, and transfer of nano-knowledge are at the initial stage of their development; – the impact of nano-economy on the development of the global environment is carried out through the functions of nanomanagement; – the management channels of the nano-economy do not affect the entry of countries with transition economies into the global environment due to the fact that they lack the system of nano-economy. This is proved by multifactor analysis of the impact of nano-economy on exports. The obtained indicators, such as exports of USD 57 billion (by the exchange rate of 2021), 281 universities, 1,941,701 business entities, and 135 thousand scientific and technical institutions, do not correlate and determine low direct and inverse indicators of dependence. The results of the study can be used: – at separate enterprises – by using innovative personnel management, including motivating and training of personnel in self-management and self-marketing;  – at the state and regional levels – by creating favorable conditions for the development of baby economy in countries with transition economies and by promoting optimal solutions of separate economic agents

Economy and Trade

2020 ◽  
pp. 135-158
Author(s):  
Kristian Coates Ulrichsen
Keyword(s):  
Supply Chains ◽  
Remedial Measures ◽  
Economic Risk ◽  
Foreign Investors ◽  
Trade Routes ◽  
Financial Volatility ◽  
Manufacturing Sectors ◽  
The Impact ◽  
Domestic Food

This chapter analyses the impact of the sudden closure of Qatar’s only land boundary and most of the surrounding sea- and airspace on 5 June 2017 on a Qatari economy that was heavily reliant upon international supply chains for most necessary items in daily and commercial life. It examines the range of remedial measures taken to reduce economic risk and financial volatility, as well as the longer-term policies that were implemented as the blockade stretched into months and then years, and which created new economic and trading realities. These include the economic and financial responses that aimed to reassure foreign investors, the restructuring of trade routes, and the expansion of domestic food and manufacturing sectors.

Do Global Financial, Oil and Gold Volatility Shocks Affect the GCC Stock Markets?

2019 ◽  
Vol 5 (2) ◽  
pp. 157-175 ◽  
Author(s):  
Abdullah Alqahtani
Keyword(s):  
Saudi Arabia ◽  
Stock Market ◽  
Stock Markets ◽  
Structural Var ◽  
Causality Test ◽  
Data Set ◽  
Financial Volatility ◽  
Daily Data ◽  
Positive Shock ◽  
The Impact

This study employed the non-structural VAR econometrics approach to examine the impact of Global Oil (OVX), Financial (VIX), and Gold (GVZ) volatility indices on GCC stock markets using a daily data set spanning from January 5, 2009 to August 16, 2018. From the VAR result obtained, disequilibrium in the global financial volatility (VIX) was able to significantly transmit negative shock to Bahrain and Kuwait stock markets and positive shock on GVZ. While the global Gold volatility was capable of transmitting fairly positive shock to the UAE and VIX market. The OLS also revealed more to the result obtained from VAR as it shows that OVX and VIX can have impact on the GCC stock markets. The causality test revealed that there is a unidirectional causality running from Qatar and UAE to OVX; none of the variables was able to granger cause VIX, while unidirectional causality exist from VIX and UAE to GVZ and VIX and Qatar to Bahrain. VIX and Qatar can granger cause Kuwait stock market, and only Saudi Arabia and Oman have bidirectional causality. Unidirectional causality exists from Saudi Arabia to Qatar, and Qatar is the only stock market capable of causing UAE unidirectionally. Hence, the study concludes that VIX and GVZ are capable of transmitting shocks to three of the six GCC stock markets—(Bahrain, Kuwait and The UAE) negatively (Bahrain and Kuwait) and positively (The UAE). And on this note, the study recommends that appropriate financial and gold transaction policies should be institutionalized so as to mitigate the transmission of shocks into the markets. Also, financial and gold experts who regulate the stock and gold markets especially in Bahrain and Kuwait should watch for any abnormality changes in the volatility movement of the financial and gold markets.

scholarly journals Effect of Efficiency on Interest Rate in Microfinance Systems of Some Transition Economies

2016 ◽  
Author(s):  
Metin Bayrak ◽  
Kadyrbek Sultakeev ◽  
Dastan Aseinov
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Transition Economies ◽  
Fixed Effects ◽  
Stochastic Frontier ◽  
Panel Data Models ◽  
Microfinance Institutions ◽  
Stochastic Frontier Approach ◽  
The Impact ◽  
Very High

Although the share of microfinance institutions in financial sector of Transition Economies are increasing, the level of interest rates charged by microfinance institutions are very high than normal bank interest rates. Because in these countries the main reasons of high interest rates are operational cost, funding costs, credit risk, inflation and target profit of MFIs. The main purpose of this paper is to analyze the effect of efficiency on interest rate in microfinance system of sampled transition economies. This study uses MIX data that runs from 2000 to 2014 for transition economies countries. The efficiency of microfinance institutions in sampled transition economies measured by applying Stochastic Frontier Approach. The impact of efficiency on interest rate will be analyzed using fixed effects and random effects panel data models.

scholarly journals The Impact of Privatization on Export in Transition Economies: A Panel Study

2015 ◽  
Vol 15 (2) ◽  
Author(s):  
Assoc. Prof. Dr. Jülide Yalçınkaya Koyu ◽  
Prof. Dr. Rasim Yılmaz
Keyword(s):  
Transition Economies ◽  
Panel Study ◽  
The Impact
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