Cooperative (Moral) Economy

DOI: 10.33917/es-6.192.2023.120-133

The authors examine the reasons, prerequisites and ways of addressing such problem as the creation in Russia of a cooperative (moral/ethical) economy sector based on the principles of justice, equal opportunities and conservative ethical standards.

References:

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3. Ushli v minus: skol’ko rossiiskii biznes poteryal v krizis. Po dannym upolnomochennogo po zashchite prav predprinimatelei Borisa Titova [They Went into the Red: How Much Russian Business Lost During the Crisis. According to the Commissioner for the Protection of the Rights of Entrepreneurs Boris Titov]. SBER Biznes, available at: https://www.sberbank.ru/ru/s_m_business/pro_business/poteri-rossijskogo-biznesa-ot-koronavirusa/

4. Doklad Prezidentu RF — 2021 upolnomochennogo pri Prezidente RF po zashchite prav predprinimatelei Borisa Titova [Report to the President of the Russian Federation — 2021 by the Commissioner under the President of the Russian Federation for the Protection of the Rights of Entrepreneurs Boris Titov], available at:

http://doklad.ombudsmanbiz.ru/doklad_2021.html

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ru/industry-reports/global-islamic-finance-market

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Methods for Evaluating Digital Financial Assets as the Basis for Future Trade Turnover

DOI: 10.33917/es-3.189.2023.62-69

The author analyzes methods of cryptocurrency evaluation existing in foreign practice. Applicability of the comparative, income and cost approaches used in valuation activities, as well as possible methods within each of the approaches, is explored. It is determined that within the income approach, the discounted cash flow model and the exchange equation are applicable. The comparative approach involves the classic comparison of sales, while the cost approach contains two methods based on actual (energy cost method) and forecast (stock-flow ratio method) data.

References:

1. Kriptovalyuty: trendy, riski, mery: Doklad dlya obshchestvennykh konsul’tatsii [Cryptocurrencies: Trends, Risks, Measures: Public Consultation Report].

Moscow, Bank Rossii, 2022, available at: https://cbr.ru/Content/Document/File/132241/Consultation_Paper_20012022.pdf.

2. Nakamoto S. Bitcoin: A Peer-to-Peer Electronic Cash System. Combining and Splitting Value, 2008, no 9.

3. Grazhdanskii kodeks Rossiiskoi Federatsii [Civil Code of the Russian Federation]. Garant, available at: https://base.garant.ru/10164072/

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6. Cong Lin William, Ye Li, Neng Wang. Tokenomics: Dynamic adoption and valuation. The Review of Financial Studies, 2021.

7. Zhang Junhuan, Xu Yunqing. Cryptocurrency price bubble detection using log-periodic power law model and wavelet analysis. SSRN Papers, 2021.