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Review of Business and Economics Studies

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Vol 8, No 2 (2020)
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6-18
Abstract

This article is devoted to a central bank’s response to a financial crisis based on a case study of the US Federal Reserve’s handling of the financial crisis in 2008–2010. This article will also be focusing on the intense phase of the financial crisis. It is focusing primarily on the lender of last resort function of a central bank. The article concludes with the most significant issues about the aftermath and the recovery, as well as lessons to deal with financial failure during the coronavirus and its aftermath.

19-25
Abstract

Seaport industry plays an important role in local and national economic development. The development of the seaport industry creates a competitive advantage, promotes international trade and speeds up the integration process of nations, especially in developing countries. Many studies have noted the importance of seaports to economic development. Economic development is also one of the crucial factors in seaport development. Economic growth will promote domestic production and improve investment efficiency. The development of import and export activities directly affects the supply of goods and the scale of operations of seaports; the increasing in industrial-agricultural output will increase the volume of goods, thereby promoting the seaport industry. This research analyses the relationship between economic growth, export-import operations, industry & agriculture to cargo through ports based on statistical data for the period 2000–2019. This study selects the case of Vietnam, a developing economy with a long coastline along with the country, and its shipping capacity ranked 4th in the ASEAN region.

26-42
Abstract

This paper aims to understand the development of banking activities in emerging market economies not only for evaluating the impact of them for encouraging emerging economies’ growth, but also establish the overall effect of these processes to the global financial market. The object of study is the banking activities of emerging market economies, and the subject is the impact of banking activities development on the economic growth of emerging market economies. The author substantiated the thesis that for emerging market economies’ financial development should be examined in terms of banking stability, competition, and economic growth. The author also reveals specific characteristics that distinguish banking activities of emerging market economies from developed countries by evaluation of bank performance using criteria of stability, profitability, and efficiency.

43-76
Abstract

The goal of this paper is to analyse and systematise the possible approaches to real options valuation, especially when considering the practical aspects of their application in real-life valuation problems. Therefore, the paper sets the following tasks:
To outline the concept of fair value and analyse the traditional approaches to its calculation in the context of asset valuation
To define the real-option approach to fair value estimation and analyse its theoretical background
To determine the role of the real options approach in the traditional system of valuation techniques
To analyse the practical aspects of their application in valuation problems considering the corresponding examples
To provide the real-life example of this technique applied in current market conditions using the recent data.
The object of this research is the option pricing models, and the subject is their application in estimation of real options embedded in corporate valuations, particularly considering the side.



ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)