SEARCH
 

Search

 

Результаты поиска 1 - 6 из 6
Начало | Пред. | 1 | След. | Конец


The evolution of economic policy of the Republic of Cuba under international sanctions

Zvonova E.A. Financial University under Government of Russian Federation, Moscow, Russian Federation ( EAZvonova@fa.ru )

Journal: National Interests: Priorities and Security, #7, 2017

Importance Economic sanctions and economic embargo necessitate researches into trends in the domestic economy of those countries that live under protracted economic sanctions.
Objectives The research examines changes in the development of the national economy and finance in the Republic of Cuba that has been living under international economic sanctions imposed for six decades.
Methods Using methods of statistical analysis, I study various economic and financial indicators of Cuba's economic development, its evolution during different periods.
Results I analyze the main causes of international economic sanctions imposed on Cuba and those ones within 1960–1980, in particular. I identify dominant ideas of the new economic policy of Cuba and traced Cuba's transition to the market-oriented development based on import substitution. I also classify development imperatives of the Cuban economy under international economic sanctions.
Conclusions and Relevance The national economy of Cuba evolved under international economic sanctions and ever changing conditions. I outline imperatives of the socio-economic model for the development of Cuba. The article also highlights key trends in the market economy transitions, considering the import substitution focus, and proposes what aspects should be considered to evaluate the national economic security of Cuba in the current circumstances.


Management of international reserves of the Bank of Russia and the national economic security

Zvonova E.A. Financial University under Government of Russian Federation, Moscow, Russian Federation ( zvonovaelena7@mail.ru )

Journal: National Interests: Priorities and Security, #1, 2018

Importance This article deals with the issues of development of the concept of management of international reserves, including the monetary ones of the Russian Federation in the context of ensuring the national economic security.
Objectives The article aims to assess the factors influencing the economic stability of the Russian Federation in order to manage Russia's international reserves.
Methods To investigate various tools and methods of management of the international reserves of the Bank of Russia and directions of less risky placement of foreign-currency and gold reserves, we used the methods of comparative and statistical analyses.
Results The article proposes a new classification of risks of investment in the Bank of Russia's international reserves, and it defines the structural and private risks of management of international reserves under the conditions of economic sanctions. As well, the paper develops an adjusted policy of investment of the international reserves of the Bank of Russia, providing a classification of investment in securities in accordance with the credit rating.
Conclusions and Relevance Taking into account the principles, criteria and safety mechanisms used, the Bank of Russia rationally regulates currency, credit and country risks in the process of managing foreign exchange reserves, including investments in dollar stocks. The results of the research can be applied in the practical activities of the Ministry of Finance and Central Bank of the Russian Federation.


On Conceptual Approaches to Developing the EAEU Common Financial Market

Zvonova E.A. Financial University under Government of Russian Federation, Moscow, Russian Federation ( zvonovaelena7@mail.ru )

Pishchik V.Ya. Financial University under Government of Russian Federation, Moscow, Russian Federation ( pv915@mail.ru )

Journal: Digest Finance, #1, 2018

Importance This paper considers the development of Eurasian economic integration after the creation of the Common Economic Space.
Objectives The article aims to develop conceptual approaches to the formation of EAEU common financial market.
Methods In this work, the methods of comparative and statistical analysis are used. The article explores the features of the EAEU members' national financial markets.
Results The article highlights and analyzes the criteria, goals, objectives, principles and expected stages of common financial market construction and substantiates methodological approaches to the creation of the common financial market of the EAEC countries. As well, the article presents a classification of financial instability risks in the EAEU.
Conclusions and Relevance The article concludes that the principles, structure and content of the measures of the concept of formation of common financial market of the EAEU Member States should be based on the model of evolutionary progressive development of the process of integration of the financial markets of the participating countries, taking into account the peculiarities of national economies and financial systems. The results of the research can find practical application in the activities of the Eurasian Economic Commission, as well as the ministries of finance and central banks of the EAEU Member States. It is proposed to establish the Eurasian Financial Stability Board and supranational supervisory authority.


On conceptual approaches to creation of the common financial market of EAEU member states

Zvonova E.A. Financial University under Government of Russian Federation, Moscow, Russian Federation ( zvonovaelena7@mail.ru )

Pishchik V.Ya. Financial University under Government of Russian Federation, Moscow, Russian Federation ( pv915@mail.ru )

Journal: Finance and Credit, #1, 2018

Importance This paper considers the development of Eurasian economic integration after the creation of the Common Economic Space.
Objectives The article aims to develop conceptual approaches to the formation of EAEU common financial market.
Methods In this work, the methods of comparative and statistical analysis are used. The article explores the features of the EAEU Members' national financial markets.
Results The article highlights and analyzes the criteria, goals, objectives, principles and expected stages of common financial market construction and substantiates methodological approaches to the creation of the common financial market of the EAEC countries. As well, the article presents a classification of financial instability risks in the EAEU.
Conclusions and Relevance The article concludes that the principles, structure and content of the measures of the concept of formation of common financial market of the EAEU Member States should be based on the model of evolutionary progressive development of the process of integration of the financial markets of the participating countries, taking into account the peculiarities of national economies and financial systems. The results of the research can find practical application in the activities of the Eurasian Economic Commission, as well as the ministries of finance and central banks of the EAEU Member States. It is proposed to establish the Eurasian Financial Stability Board and supranational supervisory authority.


Modern trends in the evolution of world financial centers: A regional perspective: Evidence from the international financial center in Luxembourg

Zvonova E.A. Financial University under Government of Russian Federation, Moscow, Russian Federation ( EAZvonova@fa.ru )

Journal: Finance and Credit, #3, 2017

Subject The article considers formation and evolution of the international financial center in Luxembourg, and possible use of the experience when developing a phased creation of a regional financial center of the Eurasian Economic Union (EAEU) in Astana.
Objectives The purpose of the study is to evaluate factors of formation of the regional financial center and its subsequent evolution into the world financial center.
Methods I employ methods of comparative and statistical analysis to examine various factors of regional financial center formation, and its stage-by-stage evolution from an offshore financial center to an onshore financial hub.
Results I analyzed criteria and indicators of the regional financial center creation, classified indicators of transparency and stability of the financial center, identified major areas in the transition to the offshore financial center model. The paper reviews the stages of Luxembourg international financial center’s transition to an onshore financial hub.
Conclusions and Relevance The main problem in the functioning of regional and world financial centers is the lack of transparency and offshore nature of financial operations. The paper presents a specific road map for transition of a financial center that functions based on offshore principles to financial onshore centers, gives a definition of the onshore financial center. The findings may find practical application in the elaboration of the road map for creation of a regional financial center of EAEU in Astana.


Assessment of factors securing economic growth and financial stability in the EEU member States

Zvonova E.A. Financial University under Government of Russian Federation, Moscow, Russian Federation ( zvonovaelena7@mail.ru )

Pishchik V.Ya. Financial University under Government of Russian Federation, Moscow, Russian Federation ( pv915@mail.ru )

Journal: Finance and Credit, #18, 2016

Importance Macroeconomic and financial stability of the global economic and financial system creates conditions for economic security of both the national States and their integrated groups. Objectives The objective of this work is to assess factors securing financial stability and economic growth within the integrated group of the EEU member States.
Methods The study employs tenets of modern theories of the global economics, methods of comparative and statistical analysis to examine various factors influencing the macroeconomic and financial stability in the EEU countries.
Results We propose a comprehensive definition of macroeconomic and financial stability, review criteria and indicators of macroeconomic stability for the EEU member States, classify criteria and groups of factors contributing towards the goal of financial stability at the macro-level, name major areas of their realization, and analyze indicators of financial stability in the EEU countries. We review banking, insurance and stock exchange sectors of the financial market of these countries based on distinguished five groups of factors.
Conclusions The major structural problem of the EEU is a macroeconomic imbalance in the region. We suggest designing and implementing a mechanism to assess the imbalances. It is required to more closely coordinate the economic policy of the member States through creation of a banking union, a tax union, a regional center for monitoring the development of national financial markets, and to establish a common budget of the EEU.


Результаты поиска 1 - 6 из 6
Начало | Пред. | 1 | След. | Конец


Отсортировано по релевантности | Сортировать по дате