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)

Session: Finance

11 articles
Proceedings Article

The SCO Financial Mechanisms: Risk Analysis and Development Prospects

Olga G. Lebedinskaya, Svetlana G. Babich, Mikhail V. Karmanov, Sergey S. Shituev
The Shanghai Cooperation Organization is one of the leading security organizations in the world; still, the current changes in the global integrational processes dictate the necessity of introduction of the financial components in every integration initiative. Hence, the analysis of the prospects of...
Proceedings Article

Currency and its Impact on Pricing and Prospects for the Oil and Gas Industry in Asia

Damir A. Abdullaev, Araz O. Mursaliev, Alexander V. Bondarenko, Anastasia N. Ivanova
Nowadays Asia is undergoing large-scale transformations in the oil and gas industry. These transformations affect, in particular, the aspect of contract currency and currency risks in international energy trade. Despite the political background, there is a significant economic component in this process....
Proceedings Article

Analysis of the Problems of Creating a Common Financial Market of the Eurasian Economic Union as a Factor of its Integration Interaction. Reproductive Approach

Lidia N. Krasavina, Lyubov I. Khomyakova
The novelty of the article consists in the analysis of the "Concept of the Formation of the Common Market of the Eurasian Economic Union (EAEU) countries" on the basis of its interrelation with the process of reproduction taking into account the "Declaration on Further Development of Integration Processes...
Proceedings Article

De-dollarization as a Manifestation of the Transition of International Monetary Relations to Polycentrism

Irina N. Platonova
The article analyzes the possibility of gradual transition to polycentrism in international monetary relations. Highlighted controversial issues, the solution of which depends on the degree of de-dollarization of international monetary relations and a reduction in geopolitical risks and reducing losses...
Proceedings Article

Financial Risks Assessment and Control of the Bankruptcy Probability of a Company

Nataliya A. Kazakova, Marina P. Bobkova, Anna E. Sivkova, Irina Kuzmina-Merlino
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...
Proceedings Article

The SCO Banks: Goals and Prospects of Development in the Digital Space

Yana L. Gobareva, Olga Y. Gorodetskaya, Alexander V. Medvedev
The article deals with the problems of economic cooperation within the framework of the Shanghai Cooperation Organization. The author identifies the main lines of disagreement between the members of the organization and important areas in which it is necessary to increase cooperation among the member...
Proceedings Article

The Financial Technologies Boom in China: Prospects and Barriers

Irina S. Amiantova, Olga V. Protopopova, Ekaterina P. Rusakova, Daniyar V. Kairgaliev, Elvira N. Iamalova
The article covers a wide theme of fintech development in China and its effects on the Chinese economy. The article pinpoints the main benefits for the economy that fintech provides. In addition to that, the authors cover a range of specific problems of the Chinese financial sector, revealing the new...
Proceedings Article

Systemic Approach to the Analysis of the Mutual Settlements in the National Currencies of the Eurasian Economic Union

Lidia N. Krasavina, Lyubov I. Khomyakova
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...
Proceedings Article

Conceptual Approaches to Development and Implementation of Budgetary Policy

Svetlana P. Solyannikova
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...
Proceedings Article

The Role of the Monetary Policy of the US Federal Reserve in Regulating Global Oil Prices

Larisa G. Chuvakhina
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...
Proceedings Article

Federal Budget Structure Research: Key Problems

Elena B. Starodubtseva, Marina B. Medvedeva, Gulnara F. Fatkhlislamova, Timur A. Agadullin
The article covers a specific theme of the influence the federal budget structure on gross domestic product (GDP) dynamics, using correlation analysis for the period since 2008 to 2018y. The main hypothesis of the article is that exist the influence the federal budget structure revenues on the gross...