State Legal Forms of Interaction with Debt Obligations and State Losses

  • Olga O. DMYTRYK Department of Financial Law, Yaroslav Mudryi National Law University, Kharkiv, Ukraine
  • Yuliia O. KOSTENKO Department of Theory and History of the State and Law and Administrative Law, Vasyl’ Stus Donetsk National University, Vinnytsia, Ukraine
  • Anton O. MONAIENKO Center for the Study of Administrative Justice Problems, Kyiv Regional Centre, National Academy of Legal Sciences of Ukraine, Kyiv, Ukraine
  • Valeriia O. RIADINSKA Research Laboratory for Legal and Organizational Support of the Ministry, State Research Institute of the Ministry of Internal Affairs of Ukraine, Kyiv, Ukraine
  • Oksana V. SOLDATENKO Department of Law, Poltava University of Economics and Trade, Poltava, Ukraine

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

[1] Alexander, K. 2011. Reforming European financial supervision: adapting EU institutions to market structures. ERA Forum 12(2): 229-252.
[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.
Published
2020-03-31
How to Cite
DMYTRYK, Olga O. et al. State Legal Forms of Interaction with Debt Obligations and State Losses. Journal of Advanced Research in Law and Economics, [S.l.], v. 11, n. 2, p. 342 – 348, mar. 2020. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/5102>. Date accessed: 07 nov. 2024. doi: https://doi.org/10.14505/jarle.v11.2(48).07.