Combination of Financial Research Methodologies


The article analyzes mathematical modeling as a methodology for the study of finance, which today is quite limited and outdated. The directions of the introduction of additional methodology in the field of finance — behavioral science are studied. The behavioral methodology is revealed for: predicting the reaction of investors; considering the general question of how financial markets help the country in allocating resources and ensuring long-term economic stability; contributing to improving the process of making financial and investment decisions. The usefulness of introducing behavioral models into financial science is substantiated, which in combination with mathematical modeling will allow for significant updates in this area.



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Budgeting trends in regional development

DOI: 10.33917/mic-4.105.2022.74-79

The article considers the problems of budgeting development in the sphere of regional management from traditional (estimated) budgeting by costs to the new budgeting, aimed at the results of state structures activity. It is substantiated that the implementation of national and federal projects entails the need for the development, approval and implementation of many projects at different levels of state and municipal administration. It is noted that the transition to the new budgeting will allow to formulate the information base, adequate to the development strategy of the region and the vector of political decisions.


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Use of economic security tools in public institutions

DOI: 10.33917/mic-2.103.2022.91-97

Economic security is a complex system, since it includes all aspects of management aimed at preventing crises and bankruptcies, as well as other negative phenomena that affect the stability of the state of any economic entity. At the same time, a significant role of economic security belongs to state institutions, which, like commercial ones, conduct their activities in the conditions of instability of the external environment. The article provides a comprehensive analysis of the features of economic security in state institutions, examines the tools that ensure it, identifies the areas of security and their impact on the functioning of modern state institutions. It is concluded that public institutions need to effectively build the system under consideration, which includes personnel, financial, resource and information components.


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Innovations in Combating the Shadow Financial Segment in Recent Years on the Example of Russia

DOI: 10.33917/es-6.172.2020.138-143

The article notes that in relation to the growth of the shadow component in the Russian economy, identifying the essence of the shadow economy is especially relevant. The author addresses shadow processes as the basis of the shadow economy, their place in its structure, basic principles of formation and classification according to various criteria.

C3 Strategy for Deeper EU-EAEU Economic Integration

#3. For Nothing, or an Invisible Threat
C3 Strategy for Deeper EU-EAEU Economic Integration

This article summarizes the results of the International Youth Forum “Future of Eurasian and European Integration: Foresight — 2040”, regarding the economic integration within the European, Eurasian and Asian space. The high interdependence of European and Eurasian markets especially, make strong social and political relations essential in achieving long run economic development, growth and stability in the region. Consequently, this report proposes a C3 strategy encompassing the ideals of Cooperation, Compatibility and Competition in encouraging and facilitating the exchange of goods and services across the EU-EAEU and Asia (China). Specifically, it highlights four main sectors — Transport and Infrastructure, Finance, Technology and Energy through which the C3 strategy could potentially increase economic integration in the EU-EAEU and Asian space by 2040.

Strategic Designing of World Commodity Markets: Lessons of Oil Prices Collapse for Russia

#2. Liberal Indolence Inertia
Strategic Designing of World Commodity Markets: Lessons of Oil Prices Collapse for Russia

Operational result of the strategy being executed by political-economic US clans, which brought to power the current US President Barack Obama and keep under control the majority of European countries political leaders, influence the world economy future and the Russian economy in 2015–2016, is manipulative handling of world oil prices. This strategy is designed to create new economic and political balance of powers in the global arena through trying to expropriate the accumulated financial-economic resources of a number of oil-exporting countries and to focus the short- and medium-term trend of stimulating antirecessionary economic development of the West developed countries, based on increasing natural and industrial resources exploitation, especially Russia, on nonequivalent economic compensation for supplied energy resources. At the same time there is an attempt to unhinge” those political regimes, including Russia, which the West doesn’t like. Russia should draw up adequate conclusions from the current situation, they should form the basis for the national economic sovereignty policy in the ХХI century.

On Socio-Economic Strategy of Qatar at the Beginning of the XXI Century

#5. Space Like a Punishment
On Socio-Economic Strategy of Qatar at the Beginning of the XXI Century

Emirate of Qatar, small in area and population, being a coastal state of the Persian Gulf, from year to year is demonstrating dynamic economic growth thanks to constantly growing income from hydrocarbon exports. According to experts of the British audit firm Ernst&Young and the Oxford Economics Institute, Qatar has topped the rating of the fastest growing markets in 2000-2010. The author particularly analyzes dynamics of the main socio-economic indicators of the country during the 2000s and also describes important provisions of the national government programs for medium and long-term periods. The study presents conclusions regarding the present situation and prospects of emirate’s economic development in the future.