Bulletin of Taras Shevchenko National University of Kyiv Economics, 2016
Во второй части работы обобщены результаты исследования по вопросам создания выгод для региона с ... more Во второй части работы обобщены результаты исследования по вопросам создания выгод для региона с существующей культурного и исторического наследия. На последнем этапе предложено политику и стратегии привлечения исторического богатства для обеспечения экономического развития региона. Кроме того, эта политика и стратегии предусматривают способы использования этого богатства и международным обществом. Ключевые слова: экономика культуры; наследие; Юго-Восточная Анатолия, завершены-текущие и планируемые проекты.
If the concept of sustainability and sustainable development has been used for over 50 years, its... more If the concept of sustainability and sustainable development has been used for over 50 years, its use in the financial world is more recent. Today, companies and investors focus on ESG that stands for Environmental Social Governance. Capital markets can be a powerful tool for creating change. By restricting access to capital, companies are stimulated to improve their performance under measures Environmental, Social or Governance. Rewarding companies and managers that perform well on ESG factors encourages continuous progress and improvement. But in order to do that, it is necessary for companies and stakeholders to have at their disposal standards and indexes that measure the performance of companies in the ESG field and ensure comparability.
Supplementary Data for APPLYING AHP AND FUZZY AHP MANAGEMENT METHODS TO ASSESS THE LEVEL OF FINAN... more Supplementary Data for APPLYING AHP AND FUZZY AHP MANAGEMENT METHODS TO ASSESS THE LEVEL OF FINANCIAL AND DIGITAL INCLUSION
In a world governed by complex financial and economic systems, knowing the process of financial i... more In a world governed by complex financial and economic systems, knowing the process of financial intermediation becomes a must. We face times when the process of financial intermediation seems to change nearly as a natural phenomenon. Financial intermediation stakeholders find constantly new ways to interact on behalf of obtaining funds they need and returns they expect and manage risks they try to avoid. The article’s aim is to take a snapshot of a financial intermediation process that manifests in Europe Modern Era, specifically in one EU member like Romania, in contrast with other two EU member – Bulgaria and Croatia. In the same time, we also outline the relation between financial development and economic development, mostly after EU accession. In terms of Romania’s financial intermediation, we confirm that the banking sector represents the main component of financial system and that bank credit represents the most important financing channel for nonfinancial sector, denominated, mostly in national currency. Despite all that, Romania’s EU accession has led to a constant changing in financial structure, with more active nonbanking financial intermediaries.
The article purpose is to find out if the regulation is one of the factors of the crisis in the e... more The article purpose is to find out if the regulation is one of the factors of the crisis in the economic phenomenon. To realize this aim of the paper we use the methodological approach based on logical judgment and on the own critical approach of the regulation act. The main results of the paper are that the regulation could be a cause of the crisis on the individual business cycle analyzed. In the same way, we also find out, that the cycle of the regulation is slower than business cycle, and, we conclude that, this could be the way that regulation could become a cause of the crisis.
Nowadays, even in Romania, we faced with process of digitalization of financial system, especiall... more Nowadays, even in Romania, we faced with process of digitalization of financial system, especially of banking system. Natural person—banks relationships are more and more distant as location, but more and faster as financial transaction results, because of banking digitalization process based on performance of internet era. The paper’s aims are to answer to questions like: Are Romanian past, actual and future generations prepared to be fully integrated in banking digitalization process? Do Romanian natural person understands the usefulness and benefits of digital banking services/? Or, how benefits of Romanian commercial banks are changing? The methodological support includes analyzing empirical data, based on statistical and financial instruments. Our preliminary results suggest that in Romania the digitalization of banking services is quite low, being in direct correlation with low level of financial education of Romanian people.
In this paper we are trying to underpin the main purposes that financial regulation should aim fo... more In this paper we are trying to underpin the main purposes that financial regulation should aim for in order to contribute at avoiding, as much as possible, the starting of crises, meaning to ensure the early warning signs of the crises, to avoid the creation of nominal bubbles, to create nominal buffers, to avoid (reduce) moral hazard, to manage the failure of nominal market..
Nowadays, when there is much concern about the demographic decline of Europe and the stringent ne... more Nowadays, when there is much concern about the demographic decline of Europe and the stringent need for public policies that support intelligent, sustainable, and inclusive growth in times of population ageing, this study aims to validate several hypotheses regarding the post-graduation migration intentions of students in economics. To analyse these intentions in the context of Romanian yearly increases of out-migration flows to Western countries, the answers to the questionnaire used for this study were obtained from three important Romanian universities. Using georeferencing, neural networks-based data mining, and two types of regression analysis, the results represent a relevant contribution to the limited body of literature. They empirically show that motivations and attitudes towards a meritocratic environment for professional advancement, and individual freedom are positive key factors for students’ migration intentions after graduation. In addition, the paper emphasises the s...
We all as individuals have responsibility for any decisions, in terms of time, value and risk. In... more We all as individuals have responsibility for any decisions, in terms of time, value and risk. In time, the system in which we are evolving requires different behaviors that are in alignment with our interests, as individuals, as organizations or as institutions. The paper brings into attention the concept of financial responsibility manifested in financial – banking environment, as a concept and as a species of financial education (or literacy). The main aim of this article is to evaluate the awareness, the manifestation and the importance of financial responsibility in Romania. The primary results reveal the fact that financial responsibility can improve the positive effects on individual’s welfare, and also the good impact that the financial system has on market economy. Moreover, here it is also evaluating the impact of financial education on the financial responsibility manifestation, as well as the theoretical interdependence ratio between those two terms – financial respon...
Bulletin of Taras Shevchenko National University of Kyiv Economics, 2016
Во второй части работы обобщены результаты исследования по вопросам создания выгод для региона с ... more Во второй части работы обобщены результаты исследования по вопросам создания выгод для региона с существующей культурного и исторического наследия. На последнем этапе предложено политику и стратегии привлечения исторического богатства для обеспечения экономического развития региона. Кроме того, эта политика и стратегии предусматривают способы использования этого богатства и международным обществом. Ключевые слова: экономика культуры; наследие; Юго-Восточная Анатолия, завершены-текущие и планируемые проекты.
If the concept of sustainability and sustainable development has been used for over 50 years, its... more If the concept of sustainability and sustainable development has been used for over 50 years, its use in the financial world is more recent. Today, companies and investors focus on ESG that stands for Environmental Social Governance. Capital markets can be a powerful tool for creating change. By restricting access to capital, companies are stimulated to improve their performance under measures Environmental, Social or Governance. Rewarding companies and managers that perform well on ESG factors encourages continuous progress and improvement. But in order to do that, it is necessary for companies and stakeholders to have at their disposal standards and indexes that measure the performance of companies in the ESG field and ensure comparability.
Supplementary Data for APPLYING AHP AND FUZZY AHP MANAGEMENT METHODS TO ASSESS THE LEVEL OF FINAN... more Supplementary Data for APPLYING AHP AND FUZZY AHP MANAGEMENT METHODS TO ASSESS THE LEVEL OF FINANCIAL AND DIGITAL INCLUSION
In a world governed by complex financial and economic systems, knowing the process of financial i... more In a world governed by complex financial and economic systems, knowing the process of financial intermediation becomes a must. We face times when the process of financial intermediation seems to change nearly as a natural phenomenon. Financial intermediation stakeholders find constantly new ways to interact on behalf of obtaining funds they need and returns they expect and manage risks they try to avoid. The article’s aim is to take a snapshot of a financial intermediation process that manifests in Europe Modern Era, specifically in one EU member like Romania, in contrast with other two EU member – Bulgaria and Croatia. In the same time, we also outline the relation between financial development and economic development, mostly after EU accession. In terms of Romania’s financial intermediation, we confirm that the banking sector represents the main component of financial system and that bank credit represents the most important financing channel for nonfinancial sector, denominated, mostly in national currency. Despite all that, Romania’s EU accession has led to a constant changing in financial structure, with more active nonbanking financial intermediaries.
The article purpose is to find out if the regulation is one of the factors of the crisis in the e... more The article purpose is to find out if the regulation is one of the factors of the crisis in the economic phenomenon. To realize this aim of the paper we use the methodological approach based on logical judgment and on the own critical approach of the regulation act. The main results of the paper are that the regulation could be a cause of the crisis on the individual business cycle analyzed. In the same way, we also find out, that the cycle of the regulation is slower than business cycle, and, we conclude that, this could be the way that regulation could become a cause of the crisis.
Nowadays, even in Romania, we faced with process of digitalization of financial system, especiall... more Nowadays, even in Romania, we faced with process of digitalization of financial system, especially of banking system. Natural person—banks relationships are more and more distant as location, but more and faster as financial transaction results, because of banking digitalization process based on performance of internet era. The paper’s aims are to answer to questions like: Are Romanian past, actual and future generations prepared to be fully integrated in banking digitalization process? Do Romanian natural person understands the usefulness and benefits of digital banking services/? Or, how benefits of Romanian commercial banks are changing? The methodological support includes analyzing empirical data, based on statistical and financial instruments. Our preliminary results suggest that in Romania the digitalization of banking services is quite low, being in direct correlation with low level of financial education of Romanian people.
In this paper we are trying to underpin the main purposes that financial regulation should aim fo... more In this paper we are trying to underpin the main purposes that financial regulation should aim for in order to contribute at avoiding, as much as possible, the starting of crises, meaning to ensure the early warning signs of the crises, to avoid the creation of nominal bubbles, to create nominal buffers, to avoid (reduce) moral hazard, to manage the failure of nominal market..
Nowadays, when there is much concern about the demographic decline of Europe and the stringent ne... more Nowadays, when there is much concern about the demographic decline of Europe and the stringent need for public policies that support intelligent, sustainable, and inclusive growth in times of population ageing, this study aims to validate several hypotheses regarding the post-graduation migration intentions of students in economics. To analyse these intentions in the context of Romanian yearly increases of out-migration flows to Western countries, the answers to the questionnaire used for this study were obtained from three important Romanian universities. Using georeferencing, neural networks-based data mining, and two types of regression analysis, the results represent a relevant contribution to the limited body of literature. They empirically show that motivations and attitudes towards a meritocratic environment for professional advancement, and individual freedom are positive key factors for students’ migration intentions after graduation. In addition, the paper emphasises the s...
We all as individuals have responsibility for any decisions, in terms of time, value and risk. In... more We all as individuals have responsibility for any decisions, in terms of time, value and risk. In time, the system in which we are evolving requires different behaviors that are in alignment with our interests, as individuals, as organizations or as institutions. The paper brings into attention the concept of financial responsibility manifested in financial – banking environment, as a concept and as a species of financial education (or literacy). The main aim of this article is to evaluate the awareness, the manifestation and the importance of financial responsibility in Romania. The primary results reveal the fact that financial responsibility can improve the positive effects on individual’s welfare, and also the good impact that the financial system has on market economy. Moreover, here it is also evaluating the impact of financial education on the financial responsibility manifestation, as well as the theoretical interdependence ratio between those two terms – financial respon...
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