State Legal Forms of Interaction with Debt Obligations and State Losses
Abstract
Regulation of financial relations in the state is first and foremost based on an understanding of the allowed extent of freedom of financial transactions. In this regard, of relevance becomes the understanding of what is a limitation or expansion of the freedom of economic thought. The novelty of the study is determined by the fact that financial obligations ultimately become the tasks of state financial regulation. The authors demonstrate that the study should include the task of providing the state with a methodology and a toolkit for handling debt obligations within the state. The secondary objective is to build an understanding that legislation should also be aimed at reducing potential losses. Financial violations of a corruption nature are considered as objects of causing losses. The practical significance of the study lies in the fact that due to the reduction of problematic situations in the legislation, the socio-economic stability of the state as at large increases.
References
[2] Bondarenko, S., Liliya, B., Oksana, K., and Inna, G. 2019. Modelling instruments in risk management. International Journal of Civil Engineering and Technology 10(1): 1561-1568.
[3] Bystryakov, A.Y., and Mizintseva, V.V. 2011. Innovation informatization for state financial control bodies. Scientific and Technical Information Processing 38(2): 69-77.
[4] Civil Law Convention on Corruption. 2003. https://www.coe.int/en/web/conventions/full-list/-/conventions/treaty/174.
[5] Criminal Law Convention on Corruption. 2002. https://www.coe.int/en/web/conventions/full-list/-/conventions/treaty/173.
[6] Crudo, T., and L.V. Horn. 2012. Benefits of early loss calculation. The Recorder 3. https://www.lw.com/thoughtLeadership/benefits-of-early-loss-calculation.
[7] Den Wyngaert, C. 2001. The protection of the financial interests of the EU in the candidate states. ERA Forum 2(3): 2-60.
[8] Ellis, A., and Feldman, J. 2009. ‘Intended loss’ redefined in fraud cases. Criminal Justice Magazine 24(1). https://alanellis.com/wp-content/uploads/2013/11/ellis.pdf.
[9] German Criminal Code. 1971. https://www.gesetze-im-internet.de/englisch_stgb/.
[10] Implementation of the United Nations Declaration against Corruption and Bribery in International Commercial Transactions. 2002. Economic and Social Council. https://www.unodc.org/pdf/crime/commissions/11comm/6e.pdf.
[11] Injury Assessment. 1996. Guidance Document For Natural Resource Damage Assessment Under The Oil Pollution Act Of 1990. https://darrp.noaa.gov/sites/default/files/Injury%20assessment.pdf.
[12] Loss Calculations/United States Sentencing Commission. 2010. http://federalsentencing.typepad.com/developments_in_federal_s/loss_calculations.
[13] Madsen, W. 1992. International, national and sub-national data protection laws. In: Handbook of Personal Data Protection, 231-1012. Palgrave Macmillan UK.
[14] Mäntysaari, P. 2010a. Equity and shareholders capital. In: The Law of Corporate Finance: General Principles and EU Law: Funding, Exit, Takeovers, 131-282. Springer Berlin Heidelberg.
[15] Mäntysaari, P. 2010b. Management of agency in corporate governance. In: The Law of Corporate Finance: General Principles and EU Law: Cash Flow, Risk, Agency, Information, 209-333. Springer Berlin Heidelberg.
[16] Mishchenko, S., et al. 2019. Growing discoordination between monetary and fiscal policies in Ukraine. Banks and Bank Systems 14(2): 40-49.
[17] Moloney, N. 2005. Building a retail investment culture through law: the 2004 markets in financial instruments directive. European Business Organization Law Review 6(3): 341-421.
[18] Naumenkova, S., Mishchenko, S., and Dorofeiev, D. 2019. Digital financial inclusion: Evidence from Ukraine. Investment Management and Financial Innovations 16(3): 194-205.
[19] Rigatos, G.G. 2017. Nonlinear optimal control and filtering for financial systems. In: State-Space Approaches for Modelling and Control in Financial Engineering: Systems Theory And Machine Learning Methods, 109 124. Springer International Publishing.
[20] Ringe, W.-G. 2018. The irrelevance of brexit for the European financial market. European Business Organization Law Review 19(1): 1-34.
[21] Romanenko, Y.O., and Chaplay, I.V. 2016. Marketing communication system within public administration mechanisms. Actual Problems of Economics 178(4): 69-78.
[22] Shtal, T.V., Lytovchenko, I., and Poliakova, H.A. 2019. Development of professional competency of managerial staff on the basis of acmeological approach. Journal of Advanced Research in Law and Economics 9(4): 1481-1488.
[23] Shtal, T.V., et al. 2018. Modeling of convergence of the economic system of Ukraine with g20 countries based on the analysis of structural changes in Ukrainian foreign trade. Journal of Advanced Research in Law and Economics9(6): 2129-2145.
[24] The Fiscal Code of Germany. 1977. https://www.gesetze-im-internet.de/ao_1977/.
[25] The Global Programme Against Corruption: UN Anti-Corruption Toolkit. 2004. https://www.un.org/ruleoflaw/blog/document/the-global-programme-against-corruption-un-anti-corruption-toolkit/.
[26] Topchy, D.V. 2018. Organisational and technological measures for converting industrial areas within existing urban construction environments. International Journal of Civil Engineering and Technology 9(7): 1975-1986.
[27] Trusova, N.V., et al. 2017. Restrictions of financing the budget deficit of Ukraine. International Journal of Economic Research 14(14): 353-364.
[28] Trusova, N.V., Karman, S.V., Tereshchenko, M.A., and Prus, Y.O. 2018. Debt burden of the financial system of Ukraine and countries of the Eurozone: Policy of regulating of the risks. Espacios 39(39): 1-10.
[29] United Nations Convention against Corruption. 2003. https://www.unodc.org/unodc/en/corruption/uncac.html.
[30] USSG Guidelines Manual. 2013. http://www.ussc.gov/guidelines-manual/2013-ussc-guidelines-manual.
[31] Von Bertalanffy, L. 1950. An Outline of General Systems Theory. British Journal for the Philosophy of Science 1(2): 134-165.
[32] Will Loss Calculation Continue to Drive Sentencing? 2011. https://www.law360.com/articles/249267.
[33] Wymeersch, E. 2007. The structure of financial supervision in Europe: about single financial supervisors, twin peaks and multiple financial supervisors. European Business Organization Law Review 8(2): 237-306.
The Copyright Transfer Form to ASERS Publishing (The Publisher)
This form refers to the manuscript, which an author(s) was accepted for publication and was signed by all the authors.
The undersigned Author(s) of the above-mentioned Paper here transfer any and all copyright-rights in and to The Paper to The Publisher. The Author(s) warrants that The Paper is based on their original work and that the undersigned has the power and authority to make and execute this assignment. It is the author's responsibility to obtain written permission to quote material that has been previously published in any form. The Publisher recognizes the retained rights noted below and grants to the above authors and employers for whom the work performed royalty-free permission to reuse their materials below. Authors may reuse all or portions of the above Paper in other works, excepting the publication of the paper in the same form. Authors may reproduce or authorize others to reproduce the above Paper for the Author's personal use or for internal company use, provided that the source and The Publisher copyright notice are mentioned, that the copies are not used in any way that implies The Publisher endorsement of a product or service of an employer, and that the copies are not offered for sale as such. Authors are permitted to grant third party requests for reprinting, republishing or other types of reuse. The Authors may make limited distribution of all or portions of the above Paper prior to publication if they inform The Publisher of the nature and extent of such limited distribution prior there to. Authors retain all proprietary rights in any process, procedure, or article of manufacture described in The Paper. This agreement becomes null and void if and only if the above paper is not accepted and published by The Publisher, or is with drawn by the author(s) before acceptance by the Publisher.