scholarly journals Analiz finansovoi globalizatsii: global'nyi finansovyi rynok, istoricheskie aspekty i sovremennost'

2020 ◽  
pp. 89-100
Author(s):  
Elena Nikolaevna Stenkina ◽  
Larisa Anatol'evna Sakharova
Keyword(s):  
Financial Sector ◽  
Financial Globalization ◽  
Historical Aspects ◽  
The World

The relevance of this research is related to financial globalization, which pays great attention to the historical aspects of financial globalization and the formation of financial aspects in all industries, where for historians this phenomenon is one of the most important events in the world, the importance of the financial sector in the entire national economics greatly affects the development of economical processes.

أثر التكنولوجيا المالية على القطاع المصرفي في العراق (فرصة ام تهديد؟)

2021 ◽  
Vol 2021 (71) ◽  
pp. 183-199
Author(s):  
شهد ماجد عبد ◽  
أ.م.د عبدالرسول علي حسين
Keyword(s):  
Banking Sector ◽  
Financial Sector ◽  
The World ◽  
The Impact ◽  
Financial Technology

This research talks about the financial technology that has recently begun to appear in the financial sector around the world, and which promises that it will either be the most important competitor to this sector, or the best available way for it to develop. This research talks about the impact of that technology on the Iraqi banking sector in terms of being an opportunity or a threat to it. The problem that this research addresses is: Is the adoption of financial technology, despite its risks, by the Iraqi banking sector will benefit it? Or will those risks be predominant in the end? It stems from the premise that financial technology is one of the most important opportunities available to the Iraqi banking sector. The research reached several conclusions, the most important of which is that financial technology is indeed an opportunity that is not a threat to the Iraqi banking sector (at least for now), but rather it is one of the most important opportunities available to it, so it must follow an offensive remedial strategy by the banking sector using its strengths that Including high levels of security and confidence, which creates the appropriate environment to exploit its opportunities.

The IMF, its mandate and influence in prevention of financial sector abuse

2016 ◽  
Vol 23 (4) ◽  
pp. 987-1011
Author(s):  
Norman Mugarura
Keyword(s):  
World Bank ◽  
Secondary Data ◽  
Financial Sector ◽  
Data Sources ◽  
Content Type ◽  
The World Bank ◽  
The World ◽  
Secondary Data Sources ◽  
Work Done ◽  
The Imf

Purpose The purpose of this paper is to articulate the mandate of the International Monetary Fund (IMF) not least in promoting a sound legal regulatory environment for markets to operate globally and its inherent challenges. While acknowledging the plausible work done by the IMF in supporting countries to achieve their macro-economic stability, the paper articulates some of its shortcomings as a global institution. It is evident that the post-war climate in which the World Bank and IMF were created has drastically changed – which presupposes that these institutions now need to reposition themselves to reflect on contemporary global challenges accordingly. The author has argued in the past that a robust regulatory system should be devised taking into account the dynamic challenges in the market environment but also to prevent them from happening again. Design/methodology/approach The paper has utilized empirical evidence to evaluate the mandate of the IMF in addressing its dynamic challenges such as the global financial and debt crises in Europe and the USA and prevention of financial sector abuse globally. The IMF is one of the Bretton Woods Institutions charged with the oversight responsibility to enforce policies and enable countries to manage their macro-economic challenges efficiently. Findings The findings demonstrate that the IMF is as relevant and important as it was when it was created in 1945. However, there is a need for intrinsic and structural changes within this institution to continue discharging its mandate in a changed global regulatory landscape. The IMF is still crucial in fostering a fundamental stabilization function to fragile global economies in areas of financial and technical assistance, and developing requisite legal and supervisory infrastructure within fledging member countries. Research limitations/implications The paper was written by analysis of both theoretical and empirical data largely based on secondary data sources. It would have been better to first present the findings in an international conference to solicit wide views and internalize them accordingly. Practical implications While acknowledging the plausible work done by the IMF and its counterpart the World Bank in facilitating global financial markets regulation and prevention of financial sector abuse, as oversight institutions, they need to constantly review their mandate to respond robustly to their dynamic challenges such as the global and debt crises and financial sector abuse. Oversight institutions need to constantly review and adapt their mandate accordingly, if they are to discharge their varied responsibilities efficiently. They cannot stand still in the face of challenges because they will be superseded and kept at a back foot. Social implications Markets and states are embedded in each other, and the way they are regulated is of a significant importance to varied stakeholders and people. Originality/value This paper is one of its kind, is unique in its character and evaluates embedded issues using empirical evidence in a way not done in its context before. Secondary data sources have been evaluated to achieve a thoughtful analysis of the objectives of the paper.

Financial Sector in Afghanistan

2016 ◽  
pp. 224-262
Author(s):  
Gunit Singh Marwah ◽  
Vishal Ladhani
Keyword(s):  
Financial Structure ◽  
Financial Sector ◽  
Developing Nations ◽  
The World ◽  
Insight Into

In the following chapter, the authors have proposed to throw light on the scheme of financial sector prevalent in Afghanistan. The purpose of this chapter is to give the readers a brief insight on the financial background, policies and regulations in existence in Afghanistan. Adding upon, the authors have made an attempt to suggest a few recommendations to bring the Afghanistan's economy at par with the economy of other developing nations of the world. The authors received substantial amount of assistance from the top-managerial officials of Bakhtar Bank of Afghanistan and from a scholar named Abdul Samad Katawazy. The authors would like to thank AREU, AISA and ACCI for providing access to their published surveys and reports. This particular chapter as a whole focuses on ten basic factors which have the ability to make or break Afghanistan's financial structure and therefore aims to provide an insight into the same.

On Global Corporate Control: Review of an Article

2020 ◽  
Vol 19 (1-2) ◽  
pp. 45-51
Author(s):  
Bruce Parry
Keyword(s):  
Network Theory ◽  
Corporate Control ◽  
Financial Sector ◽  
Transnational Corporations ◽  
Central Core ◽  
Capitalist System ◽  
The World ◽  
Operating Revenue

Abstract This article reviews “The network of global corporate control” by Vitali et al. (2011) where the authors use modern network theory to analyze the centralization of global corporate control. Specifically, they calculate how a central core of transnational corporations (TNCs) have control over the total operating revenue of all transnational corporations. They find that out of 43,060 transnational corporations, 737 top shareholders control about 80 percent of the value of all TNCs. This control is centralized in the financial sector and extends to other sectors of the economy, including manufacturing and services. TNCs are more global than ever before. They are in virtually every country of the world and comprise a world capitalist system.

Interactive effects of human capital in finance–economic growth nexus in Sub-Saharan Africa

2018 ◽  
Vol 45 (6) ◽  
pp. 1192-1210 ◽  
Author(s):  
Muazu Ibrahim
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Interactive Effect ◽  
Financial Sector ◽  
Content Type ◽  
Long Run ◽  
The World ◽  
Sub Saharan ◽  
Ssa Countries

Purpose The purpose of this paper is to examine the interactive effect of human capital in financial development–economic growth nexus. Relative to the quantity-based measure of enrolment rates, the main aim was to determine how quality of human capital proxied by pupil–teacher ratio influences the relationship between domestic financial sector development and overall economic growth. Design/methodology/approach Data are obtained from the World Development Indicators of the World Bank for 29 sub-Saharan African (SSA) countries over the period 1980–2014. The analyses were conducted using the system generalised method of moments within the endogenous growth framework while controlling for country-specific and time effects. The author also follows Papke and Wooldridge procedure in examining the long-run estimates of the variables of interest. Findings The key finding is that, while both human capital and financial development unconditionally promotes growth in both the short and long run, results from the interactive terms suggest that, irrespective of the measure of finance, financial sector development largely spurs growth on the back of quality human capital. This finding is also confirmed by the marginal and net effects where the interactive effect of pupil–teacher ratio and indicators of finance are consistently huge relative to the enrolment. Statistically, the results are robust to model specification. Practical implications While it is laudable for SSA countries to increase access to education, it is equally more crucial to increase the supply of teachers at the same time improving on the limited teaching and learning materials. Indeed, there are efforts to develop rather low levels of the financial sector owing to its unconditional growth effects. Beyond the direct benefit of finance, however, higher growth effect of finance is conditioned on the quality level of human capital. The outcome of this study should therefore reignite the recognition of the complementarity role of human capital and finance in economic growth process. Originality/value The study makes significant contributions to existing finance–growth literature in so many ways: first, the auhor extend the literature by empirically examining how different measures of human capital shape the finance–economic growth nexus. Through this the author is able to bring a different perspective in the literature highlighting the role of countries’ human capital stock in mediating the impact of financial deepening on economic growth. Second, the author makes a more systematic attempt to evaluate the relative importance of finance and human capital in growth process while controlling for several ancillary variables.

Mandatory Financial Stability Assessments Under the Financial Sector Assessment Program - Update

Policy Papers ◽  
2013 ◽  
Vol 2013 (94) ◽  
Author(s):  
Keyword(s):  
World Bank ◽  
Financial Stability ◽  
Emerging Market ◽  
Low Frequency ◽  
Financial Sector ◽  
Executive Board ◽  
Assessment Program ◽  
The World Bank ◽  
The World ◽  
The Stability

In September 2010, the Executive Board made financial stability assessments under the Financial Sector Assessment program (FSAP) a regular and mandatory part of bilateral surveillance under Article IV for jurisdictions with systemically important financial sectors. This decision recognized that although financial sector issues were at the core of the Fund’s surveillance mandate, the FSAP as designed in the late 1990s had severe limitations as a tool. Voluntary participation, the low frequency of assessments, and their very broad coverage (particularly in emerging market and developing countries, where assessments are typically conducted jointly with the World Bank) limited the usefulness of the FSAP for surveillance. Building on the revamp of the FSAP during the 2009 program review that delineated the institutional responsibilities of the Fund and the World Bank and defined the content of the stability assessment under the FSAP, the Executive Board took the next step in 2010 to make these stability assessments mandatory every five years for members with systemically important financial sectors

Formation of the Institute of Human Rights in Russia: Historical Aspects and Modernity

2018 ◽  
Vol 9 (1) ◽  
pp. 153
Author(s):  
Viktor Yu. MELNIKOV ◽  
Yuri A. KOLESNIKOV ◽  
Alla V. KISELEVA ◽  
Bika B. DZHAMALOVA ◽  
Aleksandra I. NOVITSKAYA
Keyword(s):  
Human Rights ◽  
Human Life ◽  
Russian Revolution ◽  
Human Potential ◽  
Historical Aspects ◽  
The Past ◽  
The World ◽  
The Future ◽  
History Of

Without understanding the past can be neither a viable present and no decent future. The appeal of the nation to its history – this is not an attempt to escape from the present and uncertainty about the future. This understanding of who we are, where we came from. Based on our experience, we can confidently move forward. Not happen in the Russian revolution, which way went the history of the world? Can we learn from the past to prevent another disaster? The lessons of history are there – they just need to be able to retrieve. The main lesson we can learn from what happened in 1917 – the need to value human life. Russia of the late XIX – early XX century was an incredible human potential.

scholarly journals Challenges of IT Governance in the Financial Sector: A Study from Saudi Arabia

TEM Journal ◽  
2020 ◽  
pp. 1580-1587
Author(s):  
Wafa Najjar ◽  
Shrouq Alharbi ◽  
Heba Fasihuddin
Keyword(s):  
Information Technology ◽  
Saudi Arabia ◽  
Significant Role ◽  
Digital Technology ◽  
It Governance ◽  
Financial Sector ◽  
Future Research ◽  
Critical Position ◽  
The World ◽  
Governance Challenges

The financial sector plays a significant role in the economics of all nations. The Saudi Arabian economy ranks amongst the top twenty in the world. Consequently, the financial sector occupies a critical position within Saudi Arabia. Contemporary digital technology has rendered the financial sector heavily dependent upon information technology (IT) as a means of enhancing and extending its operational scope. Hence, efficient governance is required to streamline and utilize information technology. Moreover, the pivotal importance of the financial sector requires that IT governance challenges have to be swiftly identified. However, there is a manifest absence of scholarship regarding IT governance issues not only in the widest sense, but also specifically in the context of the financial sectors. This research seeks to identify the inherent challenges associated with IT governance in Saudi Arabia's financial sector with a view to generalizing any findings and contributing to future research in this field.

Sign in / Sign up

Export Citation Format

Share Document