Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
Discussing Emerging Financial Markets : Relevance of Institutional and Instrumental Characteristics. / Lvova, Nadezhda A.; Darushin, Ivan A.; Korshunov, Oleg Yu.
VISION 2025: EDUCATION EXCELLENCE AND MANAGEMENT OF INNOVATIONS THROUGH SUSTAINABLE ECONOMIC COMPETITIVE ADVANTAGE: Proceedings of the 34th International Business Information Management Association Conference. ed. / KS Soliman. IBIMA, 2019. p. 11310-11318.Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
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TY - GEN
T1 - Discussing Emerging Financial Markets
AU - Lvova, Nadezhda A.
AU - Darushin, Ivan A.
AU - Korshunov, Oleg Yu.
N1 - Conference code: 34th
PY - 2019
Y1 - 2019
N2 - The paper addresses the scientific and professional perspectives on emerging financial markets' essence and determining features. Characteristic of emerging financial markets requires clarification that determines the research purpose. Within research framework, we suggest to consider emerging market in the broader sense as an emerging financial system. This approach corresponds with the financial development assessment and monitoring methodology. Applying this approach, it is relevant to broadly view the determining features of emerging financial markets including institutional and instrumental characteristics. We find it advisable to supplement the characteristics of emerging financial markets by the following institutional and instrumental features correspondingly: medium level of information transparency, increased country risk, moderate level of operational efficiency; the presence of stock markets, including those with high liquidity instruments; domestic and/or foreign market of state and corporate debt instruments; free and well-developed forex market of major currencies, derivatives market with liquid contracts for currencies and equities. The reported study was funded by RFBR according to the research project No 18-010-00085.
AB - The paper addresses the scientific and professional perspectives on emerging financial markets' essence and determining features. Characteristic of emerging financial markets requires clarification that determines the research purpose. Within research framework, we suggest to consider emerging market in the broader sense as an emerging financial system. This approach corresponds with the financial development assessment and monitoring methodology. Applying this approach, it is relevant to broadly view the determining features of emerging financial markets including institutional and instrumental characteristics. We find it advisable to supplement the characteristics of emerging financial markets by the following institutional and instrumental features correspondingly: medium level of information transparency, increased country risk, moderate level of operational efficiency; the presence of stock markets, including those with high liquidity instruments; domestic and/or foreign market of state and corporate debt instruments; free and well-developed forex market of major currencies, derivatives market with liquid contracts for currencies and equities. The reported study was funded by RFBR according to the research project No 18-010-00085.
KW - Financial Markets
KW - Institutional
KW - Instrumental Characteristics
M3 - статья в сборнике материалов конференции
SP - 11310
EP - 11318
BT - VISION 2025: EDUCATION EXCELLENCE AND MANAGEMENT OF INNOVATIONS THROUGH SUSTAINABLE ECONOMIC COMPETITIVE ADVANTAGE
A2 - Soliman, KS
PB - IBIMA
Y2 - 13 November 2019 through 14 November 2019
ER -
ID: 51841376