Proceedings of the International Conference of Economics, Business, and Entrepreneur (ICEBE 2022)

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Mechanisms for Forming Currency- Financial Crises in Developing Markets

Authors
David Tereladze1, *, Ernie Hendrawaty2
1International Economics and International Corporate Finance North-West Institute of Management, Saint-Petersburg, Russia
2Management Lampung, University Lampung, Lampung, Indonesia
*Corresponding author. Email: tdavid@mail.ru
Corresponding Author
David Tereladze
Available Online 30 May 2023.
DOI
10.2991/978-2-38476-064-0_18How to use a DOI?
Keywords
Financial crisis; capital expansion; financial instability; foreign currency lending; financial dollarization; credit boom; capital outflow; financial security; national security; economic security; macroeconomic indicators; sustainability of socio-economic development
Abstract

The subject of the study is the formation of monetary and financial crises in emerging markets. The author’s classification of crises is proposed, and the main mechanisms for the formation of financial instability are also given. The article discusses the issues of cross-border international capital movement and the impact of this process on economic security and the sustainability of Russia’s socio-economic development. An assessment of capital outflows was carried out between 1994 and 2018. It has been established that the ratio of attracted direct investments to the accumulated exported capital is not optimal; this conclusion is made on the basis of the appeal to global trends in international capital flows, as well as taking into account the Russian situation in this area. The article proposes several directions for improving state regulation of cross-border capital flows in Russia. This, according to the authors, will ensure the sustainability of socio-economic development and neutralize several threats to the country’s economic security.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference of Economics, Business, and Entrepreneur (ICEBE 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
30 May 2023
ISBN
978-2-38476-064-0
ISSN
2352-5428
DOI
10.2991/978-2-38476-064-0_18How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - David Tereladze
AU  - Ernie Hendrawaty
PY  - 2023
DA  - 2023/05/30
TI  - Mechanisms for Forming Currency- Financial Crises in Developing Markets
BT  - Proceedings of the International Conference of Economics, Business, and Entrepreneur (ICEBE 2022)
PB  - Atlantis Press
SP  - 157
EP  - 169
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-38476-064-0_18
DO  - 10.2991/978-2-38476-064-0_18
ID  - Tereladze2023
ER  -