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https://dspace.uzhnu.edu.ua/jspui/handle/lib/35849
Назва: | Financial mechanisms of ensuring the development of business under high interest rates |
Інші назви: | Financial mechanisms of ensuring the development of business under high interest rates |
Автори: | Брітченко, Ігор Геннадійович Britchenko, Igor Shapran, Vitaliy |
Ключові слова: | high rates, monetary policy, development markets, “frontier” markets, prime rates, credit markets, credit market regulations, factoring, leasing, Initial public offer, IPO |
Дата публікації: | 29-чер-2021 |
Видавництво: | VUZF review |
Бібліографічний опис: | Britchenko I. Financial mechanisms of ensuring the development of business under high interest rates/ Vitaliy Shapran, Igor Britchenko//VUZF review. – VUZF, Sofia (Bulgaria). - № 6(2). - 2021. - P. 16 - 24. https://doi.org/10.38188/2534-9228.21.2.03 |
Короткий огляд (реферат): | In the given article the problems of choice as for the types and forms of debt and share financing on the developing and “frontier markets” with high interest rates have been considered, the definition of what kind of interest rates can be viewed as high and under which circumstances nominal interest rate and in which ones – the real interest rate is important for business. Also, the classification of debt and sharing financing is given and the comparative analysis of such financing is made. Some close attention has been paid to the calculation of the real interest rate according to the inflation forecast. Recommendations concerning attracting of relatively cheap trade financing including international financial and credit organizations, development of operation factoring, financing from captive financial institutions of the exporters of the materials and equipment from the EU and the US have been grounded. The opportunity of relatively free of charge share financing through the mechanism of placing shares IPO/SPO is emphasized, exemplified by the results of placing shares on stock exchanges and their alternative platforms of issuing banks with businesses in Ukraine in 2005 – 2013. As a result, the conclusion concerning the necessity of thorough analysis of financial conditions on the developing and frontier markets before gaining such financing has been made. High interest rates within the average indicators even on the basis of prime rates do not necessarily mean absence of attractive conditions of financing. |
Опис: | In the given article the problems of choice as for the types and forms of debt and share financing on the developing and “frontier markets” with high interest rates have been considered, the definition of what kind of interest rates can be viewed as high and under which circumstances nominal interest rate and in which ones – the real interest rate is important for business. Also, the classification of debt and sharing financing is given and the comparative analysis of such financing is made. Some close attention has been paid to the calculation of the real interest rate according to the inflation forecast. Recommendations concerning attracting of relatively cheap trade financing including international financial and credit organizations, development of operation factoring, financing from captive financial institutions of the exporters of the materials and equipment from the EU and the US have been grounded. The opportunity of relatively free of charge share financing through the mechanism of placing shares IPO/SPO is emphasized, exemplified by the results of placing shares on stock exchanges and their alternative platforms of issuing banks with businesses in Ukraine in 2005 – 2013. As a result, the conclusion concerning the necessity of thorough analysis of financial conditions on the developing and frontier markets before gaining such financing has been made. High interest rates within the average indicators even on the basis of prime rates do not necessarily mean absence of attractive conditions of financing. |
Тип: | Text |
Тип публікації: | Стаття |
URI (Уніфікований ідентифікатор ресурсу): | https://dspace.uzhnu.edu.ua/jspui/handle/lib/35849 |
ISSN: | 2534-9228 |
Розташовується у зібраннях: | Наукові публікації кафедри фінансів і банківської справи |
Файли цього матеріалу:
Файл | Опис | Розмір | Формат | |
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3_Shapran_Britchenko_16-23.pdf | стаття | 395.21 kB | Adobe PDF | Переглянути/Відкрити |
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