Business, Finance and Economic Development

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Economics and Finance".

Deadline for manuscript submissions: closed (31 August 2023) | Viewed by 6718

Special Issue Editor

Special Issue Information

Dear Colleagues, 

The 12th International Conference on Business and Economic Development (ICBED) is organised jointly by the Centre for Business & Economic Research (CBER), UK and Medgar Evers College of the City University of New York, USA, held from 10-11th April 2023 at Medgar Evers College, Business School, New York, USA. 

ICBED-2023 offers various tracks: Finance, Accounting and Organisational structure, Growth and Economic Development, Globalisation and International Trade, Branding & Marketing, Entrepreneurship in Emerging & Developing economies, and Cloud computing. Big data and cybersecurity; Teaching & Learning Business Education with Technology; Business Student-centred Teaching & Learning; Bridging the Skills Gap: Partnership between Faculty, Industry & Community. 

The conference's main objective is to bring together academics, practitioners and research students with a particular interest in various aspects of business and economics. The conference is the best place to learn more of the key concepts and frameworks from all disciplines regarding a wide range of contemporary issues in business and economic development, to explore how models of economic development vary internationally, to consider the pedagogy for teaching the issue of business & economic development, including recommendations about topics, syllabi and course materials, to keep abreast of developing trends in the field of business and economic development and of course to meet and network with colleagues in one of America's most celebrated cities. 

A selection of papers will be published in this Special Issue "Business, Finance and Economic Development" subject to further review and APC. Authors are invited to submit their conference papers within the journal's broad scope. Although comprehensive in coverage, the following areas are indicative and nurture the interests of the Special Issue with a "Business, Finance and Economic Development" underpinning: 

  1. Economic development, Behavioural Economics
  2. FDI, Free trade – theory and practice
  3. Globalisation, liberalisation, and development
  4. Financial Institutions & Markets, Fiscal policy
  5. Financial services
  6. International economics & trade
  7. International Finance
  8. Macroeconomic parameters and growth
  9. Microeconomics
  10. Microfinance and development
  11. Inclusive growth
  12. Institutions and economic development
  13. Finance and Accounting
  14. Economic development through tourism and education
  15. Teaching and learning
  16. Branding, Marketing and HR policies for organisational growth
  17. Small Business development and entrepreneurship
  18. Leadership for economic development
  19. Emotional intelligence

Dr. Palto Ranjan Datta
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Published Papers (2 papers)

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Research

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25 pages, 885 KiB  
Article
National and International Financial Market Regulation and Supervision Systems: Challenges and Solutions
by Viacheslav M. Shavshukov and Natalia A. Zhuravleva
J. Risk Financial Manag. 2023, 16(6), 289; https://doi.org/10.3390/jrfm16060289 - 30 May 2023
Cited by 3 | Viewed by 2238
Abstract
The purpose of this original study is to critically analyse the emergence and development of the national models of financial regulation, international standards and codes, and regional and national financial regulation and supervision (for the cases of the UK, USA, Sweden, the EU, [...] Read more.
The purpose of this original study is to critically analyse the emergence and development of the national models of financial regulation, international standards and codes, and regional and national financial regulation and supervision (for the cases of the UK, USA, Sweden, the EU, and Finland). The research raises both academic and regulatory concerns. The relevance and purpose of this research arise from a need for an academic analysis of the economic nature and classification of financial market regulation systems. They represent a theoretical justification for changes in the policies and supervisory practices of national and international regulatory authorities in response to innovations in financial technologies and instruments, digital products, and risks. Secondly, it will stimulate more systematic work on regulatory databases, registration, and reporting procedures in various economies in different financial markets. The author identifies five main systems of national financial regulatory markets: the multi-tiered, multi-agency US system, the twin peaks model (UK), and the mega-regulatory model (Sweden). There is a thorough review of the international standards and institutions that work for the stability of financial systems. The analysis of the regional and national systems of financial regulation and supervision is based on the examples of the EU and Finnish institutions. National macro- and micro-economic regulation and supervision have been examined, with a focus on the US Federal Reserve and the US Treasury. An important result of the study is the systematisation of the directions of the development of national and international regulatory institutions (since the 1980s). First, the minimum capital and credit risk requirements for banks (the 1980s) were complemented in the 21st century by buffer reserves, liquidity, and leverage standards. Second, regulation focuses on ensuring the sustainability of the national economy. The regulatory focus is on ensuring the sustainability of national and global financial systems. Third, there is an increase in the number of supervised institutions. Fourth, there is a division of the functions between central banks (macro-economic regulation) and one or two mega-regulators (micro-economic regulation and supervision). Fifth, there is a division of labour between the international financial institutions (BIS, IMF, and WB) and national regulators. Sixth, the focus is on protecting consumers and investors and countering money laundering and the financing of terrorism. Seventh, there is an understanding based on a common approach by central banks to new financial technologies and cybersecurity. Full article
(This article belongs to the Special Issue Business, Finance and Economic Development)

Review

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9 pages, 239 KiB  
Review
Financial Intermediation, Economic Growth, and Business Cycles
by Ioanna Konstantakopoulou
J. Risk Financial Manag. 2023, 16(12), 514; https://doi.org/10.3390/jrfm16120514 - 12 Dec 2023
Viewed by 2904
Abstract
This paper aims to examine the importance of financial intermediation in economic activity. We also explore the effects of monetary factors and financial frictions on the relationship between financial intermediation and economic growth, the drivers of business cycles, and how shocks spread through [...] Read more.
This paper aims to examine the importance of financial intermediation in economic activity. We also explore the effects of monetary factors and financial frictions on the relationship between financial intermediation and economic growth, the drivers of business cycles, and how shocks spread through the intermediation process. Financial intermediaries improve fund allocation, minimize monitoring costs, minimize liquidity risk, simplify risk management, and facilitate portfolio diversification and resource allocation to more productive activities. In addition, financial intermediaries collect and analyze information about investment projects, allocating resources and managing information more efficiently than individual investors. We conclude that financial intermediation is significant for economic growth. In addition, we show that financial market frictions can amplify exogenous shocks, affecting investment, economic growth rates, and macroeconomic stability. Reducing financial frictions through intermediation is crucial. Full article
(This article belongs to the Special Issue Business, Finance and Economic Development)
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