... fulfilment capabilities and dis-intermediation of third party legal and settlement entities, Smart Contracts are starting to be gain traction in western consortiums for trade finance, currency trading, and commodity trading in the mainstream dollarized economy. Trade Finance systems based on Smart Contract are currently enabling on average a
35% reduction in costs and the elimination of the 1–2 weeks of processing time
for settlements, in addition to removing room for manual errors.
The author has proposed a solution ...
... anti-crisis fiscal stimuli of around 4% of GDP. In September the government approved the plan for the recovery of Russia’s economy, which envisages the allocation of Rb 5 trn in 2020-2021 for anti-crisis measures. The plan targets the recovery in employment ... ... projects, which were to serve as the main platform for infrastructure and industrial development in which private sector was to co-finance projects with the funding from the federal and regional budgets. On the consumer side, the detrimental effects on consumer ...
.... has imposed sanctions.
Key Concepts and Scholarship Overview
Economic sanctions consist of a set of restrictions in trade, finance, licensing, and other areas; these restrictions are used by the initiator state or by a group of such states against certain ... ... previously studied as well (see, for instance, [Shakirov 2011]). Russian scholars studied relations between sanctions and the global economy [Simonov 2015] and investigated sanctions as a foreign policy instrument [Baluyev 2014], the effect of sanctions on the ...
... element of the
“new abnormality”
that has characterized both the development of the global economy as a whole and the U.S. economy, in particular, is the debt model of economic growth. Investment and business activity has stagnated as interest rates ... ... from $22.7 to $26.7 trillion. This is the largest increase in U.S. national debt ever. A considerable amount of this debt is financed through the extraordinary growth of the U.S. stock market, which currently accounts for
over half
of the combined capitalization ...
... various non-banking financial institutions. Wide banks would not have the right to accept demand or short-term deposits and would
finance their activities
exclusively through the issuance of shares and debt instruments.
The creators of the sovereign money ... ... able to regulate activity not by changing interest rates, but by directly controlling the rate at which new money enters the economy.
The idea of
sovereign money
was developed throughout the 20
th
century in the works of such famous English and American ...
... International Affairs Council (RIAC) was the event partner. The round table was also attended by the representatives of the Ministry of Finance, the Ministry of Economic Development and the Ministry of Foreign Affairs, MGIMO Institute for International Studies, ... ... of Programs, made a presentation of the report on sanctions against Russia: approaches to analysis and risk structure for the economy, in which he touched upon the problems of risk assessment and the impact of sanctions on Russia's economy. Then Yury Kuznetsov,...
... (February 2009), Indonesia (March 2009) and Singapore (July 2010). It then began to carry out a more geographically balanced foreign economy policy with regard to internationalizing the yuan, signing agreements with Brazil (March 2013), the United Kingdom (June ... ...
Kazushige Kobayashi, Manuel A.J. Teehankee:
The AIIB’s Launch Sets the Stage for Supply-
Side Competition in Development Finance
Despite the unprecedented devaluation, it is still too early to talk about a return to the policy of having an undervalued ...
Islamic finance, an area of banking in the Middle East and Southeast Asia that offers Sharia-compliant products, is going through a major growth period right now. Islamic banking offers services and products that must comply with a set of rules where no interest ...
... negotiations on the U.S.-led Trans-Pacific Partnership (TPP) almost complete. The TPP will cover 40 per cent of the world’s economy and it is intended to restrict the access of Chinese goods to neighbouring markets.
The decisive actions taken by the ... ... Bank of China reduce its rates and reserve requirements; implementing a temporary ban on IPOs; and increasing China Securities Finance (CSF) support to $80 billion (CSF is a state institution that provides margin financing to brokers). Expert estimates ...
Working Paper 20/2015
This Working Paper was prepared as part of a research project concerning the development of strategic partnership and constructive cooperation between Russia and China carried out by the Russian International Affairs Council (RIAC).
The authors present the results of a comprehensive review of Russian–Chinese trade, economic, financial and cross-border relations, analyse the impact of strengthening bilateral cooperation between the Russian Federation and the People’s Republic...
