Finance and Credit
 

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
LCCN Permalink
Google Scholar

Online available

EBSCOhost
Eastview
Elibrary
Biblioclub

Archiving

Cyberleninka (12 month OA embargo)

Analyzing the impact of financial momentum on the development of the economy

Vol. 26, Iss. 2, FEBRUARY 2020

Received: 10 December 2019

Received in revised form: 30 December 2019

Accepted: 21 January 2020

Available online: 28 February 2020

Subject Heading: Financial system

JEL Classification: Е44, Е60, F30, G32, O16

Pages: 299–315

https://doi.org/10.24891/fc.26.2.299

Smirnov V.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject The article discusses the momentum in finance.
Objectives The study reveals the impact of financial momentum as the unity of antipodes in the development of the national economy.
Methods The study is based on a systems approach and methods of descriptive statistics.
Results I discover the ultimate goal of globalization, i.e. the substantive simplification of national economies and strengthening of global economic ties. The goals determine the logic tendency of national economies for reducing the interest rate so as to gain the financial momentum and, consequently, fanning the crisis risk in the global financial system. The global financial system became the substance of global economic processes, which determined development opportunities of national economies. I reveal what countries have the high and low financial momentum.
Conclusions and Relevance Being the unity of antipodes in the modern economic development, financial momentum causes countries to lose their economic identity, making them just functions of the global financial system. The cyclical development model of national economies is replaced with the metron model that rests on fluctuating advanced economies with the low financial momentum at its bottom and emerging economies at its top. The findings crystallize the concept and new competencies for a person who decide on the determination and performance of financial regulation activities.

Keywords: analysis, model, national economy, growth rate, financial momentum

References:

  1. Simion D., Stanciu M., Armăşelu S. Correlation Analysis Between Structure Financial System and Economic Growth in Romania. Procedia Economics and Finance, 2015, vol. 32, pp. 1332–1341. URL: Link01510-5
  2. Wen Ch., Yang J. Complexity Evolution of Chaotic Financial Systems Based on Fractional Calculus. Chaos, Solitons & Fractals, 2019, vol. 128, pp. 242–251. URL: Link
  3. Gong X.-L., Liu X.-H., Xiong X. Chaotic Analysis and Adaptive Synchronization for a Class of Fractional Order Financial System. Physica A: Statistical Mechanics and its Applications, 2019, vol. 522, pp. 33-42. URL: Link
  4. Huang Y., Wan J., Huang X. Quantitative Analysis of Financial System Fragility Based on Manifold Curvature. Physica A: Statistical Mechanics and its Applications, 2019, vol. 523, pp. 1276–1285. URL: Link
  5. Hamdaoui M., Maktouf S. Financial Reforms and Banking System Vulnerability: The Role of Regulatory Frameworks. Structural Change and Economic Dynamics, 2020, vol. 52, pp. 184–205. URL: Link
  6. Ahn D., Kim K.-K. Optimal Intervention under Stress Scenarios: A Case of the Korean Financial System. Operations Research Letters, 2019, vol. 47, iss. 4, pp. 257–263. URL: Link
  7. Moradi Z.S., Mirzaeenejad M., Geraeenejad G. Effect of Bank-Based or Market-Based Financial Systems on Income Distribution in Selected Countries. Procedia Economics and Finance, 2016, vol. 36, pp. 510–521. URL: Link30067-3
  8. Deltuvaitė V., Sinevičienė L. Research on the Relationship between the Structure of Financial System and Economic Development. Procedia – Social and Behavioral Sciences, 2014, vol. 156, pp. 533–537. URL: Link
  9. Mishra S., Narayan P.K. A Nonparametric Model of Financial System and Economic Growth. International Review of Economics & Finance, 2015, vol. 39, pp. 175–191. URL: Link
  10. Gao W., Yan L., Saeedi M., Nik H.S. Ultimate Bound Estimation Set and Chaos Synchronization for a Financial Risk System. Mathematics and Computers in Simulation, 2018, vol. 154, pp. 19–33. URL: Link
  11. Giudici P., Sarlin P., Spelta A. The Interconnected Nature of Financial Systems: Direct and Common Exposures. Journal of Banking & Finance, 2017, vol. 112. URL: Link
  12. Klemkosky R.C. Financial System Fragility. Business Horizons, 2013, vol. 56, iss. 6, pp. 675–683. URL: Link
  13. López-de-Foronda O., López-de-Silanes F., López-Iturriaga F.J., Santamaría-Mariscal M. Overinvestment, Leverage and Financial System Liquidity: A Challenging Approach. BRQ Business Research Quarterly, 2019, vol. 22, iss. 2, pp. 96–104. URL: Link

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 26, Iss. 3
March 2020

Archive