Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)最新文献

{"title":"Systemic Approach to the Analysis of the Mutual Settlements in the National Currencies of the Eurasian Economic Union","authors":"L. Krasavina, L. Khomyakova","doi":"10.2991/icefb-19.2019.32","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.32","url":null,"abstract":"The novelty of the article consists in a systematic approach to the analysis of mutual settlements in the national currencies of the Eurasian Economic Union (EAEU) on the basis of the upward and downward connection to its integration development. The systemic approach has revealed the fundamental reason for the insignificant share of the mutual settlements in the national currencies of the EAEU (except the Russian ruble), which is caused by the incompleteness of the formation of a common market of factors of production and the preservation of barriers in this area and the need to address this problem. On the basis of the systemic riskology, the risks of dominance of the world currencies in the international settlements of the EAEU countries and the chance to reduce them as mutual settlements in the national currencies become more active, as well as the smooth decline of the US dollar and the euro, were identified. The advantages of mutual settlements in the national currencies based on the development of the integration processes in the economies and mutual trade of the EAEU countries have been substantiated and systematized. The important role of the EAEU Integrated FX Market at the Moscow Exchange in the development of mutual settlements in the national currencies has been revealed. Identification of drawbacks and risks of losses in mutual settlements in national currencies in the EAEU became the basis for the authors’ proposals to reduce them and improve the efficiency of this mutually beneficial form of international settlements of the Eurasian Economic Union. Relevance of the article is due to the new EAEU documents “Main Directions for the Development of the EAEU till 2030\", \"Declaration on the Further Development of the Integration Processes within the EAEU”. Keywords—Eurasian Economic Union (EAEU); mutual settlements in national currencies of the EAEU; risks of mutual settlements in the national currencies; chance to reduce the risk of losses in settlements; Integrated FX Market","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115840932","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"SCO Economic Security Factors: Methodological Aspects","authors":"N. Sadovnikova, O. Zolotareva, S. Babich, M. Karmanov","doi":"10.2991/icefb-19.2019.22","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.22","url":null,"abstract":"The article discusses the economic cooperation of the member-states within the Shanghai Cooperation Organization. The SCO was originally established as an organization aimed at ensuring security in the region and countering the “three evils” – terrorism, extremism and separatism. However, over time, the economic direction began to play a bigger role in relations among countries. The authors analyze various areas of economic cooperation and conclude that the main axis of the development of economic relations within the organization is the cooperation between Russia and China. Keywords—Shanghai Cooperation Organization; economic cooperation; Russia; China","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134552246","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Conceptual Approaches to Development and Implementation of Budgetary Policy","authors":"S. Solyannikova","doi":"10.2991/icefb-19.2019.34","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.34","url":null,"abstract":"The paper discusses methodological issues related to the development and implementation of good budgetary policy. The basic assumption is that modern challenges indicate that the budgetary policy is an appropriate tool to ensure countercyclical management efficiency and social equity. The analysis suggests a conclusion that the achievement of the appropriate quality of budgetary policy requires coordination between budgetary and monetary policies. The paper provides the classification of sources and types of fiscal risks, and formulates conditions that ensure the appropriate approach to the development and implementation of budgetary policy. Keywords—gооd budgetary policy; fiscal risk; budgetary rules; macroeconomic sustainability; social equity","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132882120","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Role of the Monetary Policy of the US Federal Reserve in Regulating Global Oil Prices","authors":"L. Chuvakhina","doi":"10.2991/icefb-19.2019.36","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.36","url":null,"abstract":"The increasing role of the financial sector has become the objective reality of the modern world. The process of financialization has led to the transformation of commodity markets into financial ones. Pricing in the world of finance is based primarily on the volume of money supply and the availability of funds for investors and speculators, while the fundamental ratio of demand and supply of a particular product is fading into the background. Oil, like most commodity assets, has long become an exchange-traded financial instrument, and the volume of operations of hedge funds and investment banks with oil futures exceeds the turnover in the physical oil market by an order of magnitude. The regulator of operations with “paper” oil is the US Federal Reserve. The dynamics of oil quotes largely depend on the direction of movement of the Fed key rate in the direction of increasing or decreasing. The study allows us to identify factors and conditions for the formation of modern \"oil reality\", to determine the main features of the paradigm of development of the world oil market, its transformation in the direction of increasing competition between the main trading","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"107 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132630907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Development of Sustainable LNG Markets","authors":"I. Guliev, Ekaterina L. Krivosheeva","doi":"10.2991/icefb-19.2019.13","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.13","url":null,"abstract":"—The article covers the key aspects of sustainable development of the global LNG market within the framework of energy security criteria for LNG importers and exporters. The authors emphasize the role of LNG in shaping the global gas market. Particular attention is paid to ensuring the security of LNG supplies and the mechanisms for generating free prices in the global gas market. The article analyzes the main trends in the development of the global LNG market in the context of dynamic growth and a high degree of uncertainty. Based on the analysis of statistical data, the authors attempt to identify world leaders in LNG production for the next decade.","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130930613","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"“Made in China 2025” as a Tool for the Development of the Economic Model of Socialism with Chinese Characteristics","authors":"V. Perskaya","doi":"10.2991/icefb-19.2019.10","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.10","url":null,"abstract":"The “Made in China 2025” program is one of the tools for structural reformatting of the Chinese national economy. This is a comprehensive program, the implementation mechanisms of which may not be acceptable to other countries, because they reflect the Chinese specifics of social development. The introduction gives a brief description of the content of the concept “building a socialist society with Chinese characteristics in the period of the new era”. Keywords—economic structure; socialism with Chinese characteristics; export; labor productivity","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131355522","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"BRI and the Countries of Southern Europe: The Risks for the European Markets and the Prospects for Southern Europe Development","authors":"N. L. Krasyukova, O. Panina, E. Sokolova, A. Bakulina","doi":"10.2991/icefb-19.2019.1","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.1","url":null,"abstract":"The Belt and Road Initiative today is one of the biggest integrational projects in the world. It connects Asia, Africa and Europe, so it is no surprise that the European countries tend to assess their benefits and losses from taking part in it. The Southern European economies are willing to participate in the BRI, as it may bring them serious economic boosts; on the other hand, Brussels warns on dangers of BRI and sees numerous negative sides of such cooperation. The article is devoted to revealing the pros and cons of cooperation with BRI for Southern Europe, the real instruments that China possesses in this project and the motivation of Brussels position. The authors have revealed the main opportunities for the Southern European countries in BRI and the real dangers of such cooperation and proved that the dangers feared by Brussels do not correlate with","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133863414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Factor of Infrastructure in the Modern System of International Relations","authors":"S. Karataev","doi":"10.2991/icefb-19.2019.17","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.17","url":null,"abstract":"The importance of infrastructure development for economic growth has been confirmed by a number of scientific studies, and at present this thesis is practically not in doubt. Nevertheless, the most countries cannot solve the challenges facing them in the field of infrastructure on their own. That is why the infrastructure sphere is becoming more and more important element of international relations, both at the bilateral and multilateral levels. Keywords—Belt and Road; infrastructure; international relations; Japan; quality infrastructure; USA","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128831262","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial Risks Assessment and Control of the Bankruptcy Probability of a Company","authors":"N. Kazakova, M. Bobkova, A. Sivkova, I. Kuzmina-Merlino","doi":"10.2991/icefb-19.2019.19","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.19","url":null,"abstract":"The purpose of this study is to develop analytical tools to assess and predict the likelihood of bankruptcy, as well as the possibility of its use in financial and consulting technology Due Diligence. The proposed methodology for assessing and forecasting the risks of financial insolvency of a company includes four stages: assessment of financial results; solvency assessment; identification and calculation of financial risks and verification of comparability of results with similar estimates using well-known forecast models; development of a calculator for forecasting and evaluating financial indicators for positioning changes in the level of bankruptcy risk. Recommended areas of application of this technique: audit and consulting activities, improvement of the practice of using tools for implementing international audit standards for self-regulatory organizations of auditors and audit companies; development of the Due Diligence technology to justify the choice of companies borrowers, companies participating in tenders and exchanges, as well as in systems of internal audit, internal control, financial control of business processes. Keywords—audit; risks; business continuity; bankruptcy; analytical tools; Due Diligence; financial security","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117004699","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A brief comparative analysis of strategic planning models","authors":"S. Silvestrov, S. A. Pobyvaev, I. Belyaev, K. Andrianov","doi":"10.2991/icefb-19.2019.30","DOIUrl":"https://doi.org/10.2991/icefb-19.2019.30","url":null,"abstract":"The authors consider the main existing models of national and supranational strategic planning. Currently, the western and eastern models of strategic planning are most widely used. Within the Western model, American and European stand out. The authors note the advantages and disadvantages of each of the models. In addition, the national models of the USA, France, Germany, Japan and China, as well as the EU and NATO, are briefly characterized. The article provides a brief description of national strategic planning procedures and the role of various government bodies in its process. Differences in countries and models in attracting independent expertise for strategic planning were also noted. According to the observations of the authors, signs of slow convergence of various national and regional strategic planning models are currently observed. Keywords—strategic planning; plan; state planning bodies; strategic planning model; forecast; planning procedure","PeriodicalId":165952,"journal":{"name":"Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128316247","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}