Autor: Amalian, Arutyun W. - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: Modern Trends In GDP-Linked Securities Design
Autorzy:: Amalian, Arutyun W.
Amalyan, Nataly D.
Powiązania:: https://bibliotekanauki.pl/articles/1403605.pdf
Data publikacji:: 2020
Wydawca:: Wyższa Szkoła Ekonomiczno-Humanistyczna w Bielsku-Białej
Tematy:: GDP-linked bonds
warrants
moral hazard
debt restructuring
cap
hair-cut
Opis:: Numerous research papers substantiate the idea that GDP-linked bonds could provide a potential means for indebted countries to avoid default (the cost of which to be measured by an endowment loss and temporary exclusion from capital markets) by linking current reduction of the total outstanding debt with liabilities to share future gains of growth of national economy. Actualization of this idea has already taken place in a dozen of countries. This article presents comparative analysis of background, terms and condition of the last three cases of GDP-indexed bonds emission – by Argentina, Greece and Ukraine. Commensuration of the share of haircut, threshold for payments and availability of the cap provides for detection of trends in the design of these debt instruments.
Źródło:: MIND Journal; 2020, 9; 1-14
2451-4454
Pojawia się w:: MIND Journal
Dostawca treści:: Biblioteka Nauki

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Tytuł:: Crowdfunding And The Myth Of Disintermediation
Autorzy:: Amalian, Arutyun W.
Amalyan, Nataly D.
Powiązania:: https://bibliotekanauki.pl/articles/476285.pdf
Data publikacji:: 2019
Wydawca:: Wyższa Szkoła Ekonomiczno-Humanistyczna w Bielsku-Białej
Tematy:: disintermediation
sharing economy
disruptive innovations
FinTech
Islamic banking
Opis:: Most commonly crowdfunding (peer-to-peer and peer-to-business lending in particular) is classified as a new phenomenon in financial market, which come within the equally new aggregates of ‘sharing economy’ and/or ‘disruptive innovation’ and/or ‘FinTech’. More rarely it is presented as an example of ongoing process of disintermediation – disposal of a middleman between lenders and borrowers. This article is an attempt to substantiate several theses: (i) that primary financial instruments issued by debt-based crowdfunding platforms, bearing strong resemblance used in Islamic banking Mudaraba and Musharaka contracts, is nothing new in the world of finance; (ii) that more sophisticated instruments, created by crowdfunding platforms, give grounds to qualify this business model as a component of shadow banking; (iii) that contrary to the popular statement that ‘peer-to-peer lending cuts the institutional “middleman” and reduce costs, in reality crowdfunding platforms do not provide any sizeable reduction of borrowing costs and, per contra, contribute to the strengthening and expansion of the banking system.
Źródło:: MIND Journal; 2019, 7; 1-10
2451-4454
Pojawia się w:: MIND Journal
Dostawca treści:: Biblioteka Nauki

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