FINANCIAL DERIVATIVE USAGE IN THE U.S. PUBLIC SECTOR (p.13-29) ![[Fichier PDF]](images/pdf.png) |
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| by |
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| Anand Krishnamoorthy, TROY UNIVERSITY, USA |
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| Keywords : Department of Defense, Department of State, Public Sector, Exchange Rate Exposure |
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| JEL classification : H1, H3, H5 |
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| Abstract |
| The purpose of this paper is to extend the literature on financial derivatives to the
U.S. Public Sector. The usage of financial derivatives by multinational
corporations has been addressed in the finance literature, but there is scant
evidence on such usage in the public sector. The authors argue that although the
public sector does not actively engage in risk management techniques, it is just as
important an issue in the public sector as it is in the private sector. Given the scope
of U.S. government operations worldwide the federal government has much to gain
from adoption of risk management techniques that will lessen the budgetary impact
of currency rate fluctuations. This paper discusses some of those issues and the
usage of financial derivatives by two major U.S. public sector departments that
have extensive foreign currency exposure. |
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| TRAINING NEEDS OF OFFICIALS OF THE GREEK - CYPRIOT TAX ADMINISTRATION (p.31-47) |
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| by |
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| Dimitrios KOMNINOS, UNIVERSITY OF PELOPONNESE, Greece |
| Zacharias DERMATIS, UNIVERSITY OF PELOPONNESE, Greece |
| Athanasios ANASTASIOU, UNIVERSITY OF PELOPONNESE, Greece |
| Panagiotis LIARGOVAS, UNIVERSITY OF PELOPONNESE, Greece |
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| Keywords : Training needs, Tax Administration, Officials, Greece, Cyprus |
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| JEL classification : H20, I25, M53, O57 |
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| Abstract |
| In general, any tax system, even the most perfect in legal level, is not effective
without reliable tax mechanism and reliable provided tax services to the citizens
and the enterprises. The application of new innovative technologies could solve the
problem of serving citizens and businesses in the time they deal with the tax
administration services.
Tax administration is the link between tax legislation and tax payers. With this
content it is obvious that it determines the realization of the revenues provided for
in the respective State Budget and ultimately the actual tax burden.
In this article we investigate the training needs of employees of the Greek and
Cypriot Public Tax Administrations. This article consists of three parts. In the first
part, following a study of the literature concerned, the theoretical frame article on
which the survey was based is presented. The second part describes the
methodology of the survey. The third part is followed by a presentation and
comment on the results of the survey. |
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| AMAZON'S STRATEGY FOR INDIA (p.49-72) |
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| by |
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| Santanu BORAH, UNIVERSITY OF NORTH ALABAMA |
| David L. BLACK, UNIVERSITY OF NORTH ALABAMA |
| Keith D. MALONE, UNIVERSITY OF NORTH ALABAMA |
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| Keywords : Amazon, India, e-commerce |
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| JEL classification : L81, M16, N80, O30 |
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| Abstract |
| Amazon, the company that is changing the world retail landscape, is intent on
becoming the leader of e-commerce in India. Global competitors like Walmart and
Alibaba are also equally committed to dominate the e-commerce landscape in
India. Domestic competitors like Jio Platform are also positioning to acquire a
significant chunk of the growing e-commerce market in India. It will be interesting
to see how Amazon fares in India and this research will examine the various
strategies Amazon has deployed in India to continue its preeminent position in the
field of global ecommerce in India. |
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| ACTIVE CITIZENS AND PARTICIPATORY SENDING FOR OPTIMUM GOVERNANCE (p.73-91) |
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| by |
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| Panagiota KONSTANTINOU, UNIVERSITY OF WEST ATTICA |
| George STATHAKIS, OPEN UNIVERSITY OF CYPRUS |
| Maria STAMATAKI, MUNICIPALITY PAPAGOU CHOLARGOU |
| Maria-Georgia NOMIKOU, UNIVERSITY OF WEST ATTICA |
| Athina MOUNTZOURI, UNIVERSITY OF WEST ATTICA |
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| Keywords : Smart city, Urban Living, Active Citizens, Smart Governance |
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| Abstract |
| Today the human will be reflected in the growth of urbanization, which is overgrowing around the world. People are increasingly seeking to live in cities and take advantage of urban living comforts to gain personal growth and happiness. Smart Cities rely on both individuals and the community and create economic and sustainable development and a high standard of living. The essential component of urban living is Active Governance. Participatory Governance should be a purpose for modern citizens. Active Citizens enroll multiple tasks in a Smart City and experience different forms of participation simultaneously. This essay analyses Smart City Governance that uses technology to support planning and decisionmaking most efficiently. We also refer to Smart People and Smart Citizens as the foundation of Smart Cities. We emphasize Smart City Governance to support planning and decision making most efficiently. We suggest good practices of Smart Cities digital applications that require the active participation of citizens and individual's receptivity to participate actively to improve the image of their town and, in general, improve their lives. |
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| ACID DEPOSITION IN URBAN AREAS: AN EQUILIBRIUM APPROACH (p.93-107) |
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| by |
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| Dimitrios A. GIANNIAS, HELLENIC OPEN UNIVERSITY |
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| Keywords : Hedonic models, Differentiated goods, Structural analysis, Acid deposition |
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| JEL classification : D01, D04, D90, D59, D40, D49 |
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| Abstract |
| This paper presents an equilibrium model of a market for differentiated products that
is offered for studying the effects of acid deposition on residential areas. Analytical
solutions are computed for all the endogenous variables. All the cross equation
restrictions of the model are specified. The model is offered for empirical work and
has nice aggregation properties. To investigate whether there are acid deposition
effects on urban areas, the model looks at the rental and owner's occupied housing
markets. Markets are modeled under the assumption of rational expectations. |
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