Year 2011, Issue 1
Date published4.3.2011
Table of content
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Irena Nikolova
Specifics in the Definition of Currency RiskJEL: G32Keywords: foreign exchange risk, factors that influence the foreign exchange risk, business cycles, economic levels and foreign exchange risk, foreign debt, foreign reserves, foreign trade, transaction exposure, translation exposure, economic exposureSummary: Risk management is one of the tools for diminishing the negative effect on the companies in the non financial sector in times of economic and financial crisis. The foreign exchange risk as a part of the whole risk in a company has a... Risk management is one of the tools for diminishing the negative effect on the companies in the non financial sector in times of economic and financial crisis. The foreign exchange risk as a part of the whole risk in a company has a direct as well as indirect influence on its corporate activities. The factors that influence the foreign exchange risk, the different economic levels and the foreign exchange risk as well as the various exposures to the risk are presented in this paper.DOI: -
Karim Naama
Private Property in Terms of the Thinker Ibn Khaldun (1331-1406)Keywords: Ibn Khaldun, religion, Islam, holy book Quran, society, morality, restructuring economy, market, private property, privatization, effectSummary: Form of ownership became a real important aspect of modern economic system, one of the most influential forces determining the further course of development of our planet. It affects all areas of public life, including economic,... Form of ownership became a real important aspect of modern economic system, one of the most influential forces determining the further course of development of our planet. It affects all areas of public life, including economic, political, social, culture, ecology and others. In the face of private ownership, some experts see a serious threat to the economic system and other means for the future progress of the global economy. The positive impact of private ownership is associated with the effect of competition to which it inevitably leads and negative effects - in potential conflict.DOI: -
Fouad Shehab
Globalization and the Impoverishment of the Third WorldSummary: This paper traces the historical development of globalization as a process and analyzes the economic and political impact of globalization on poor countries in Asia, Africa and Latin America. The paper discusses the role of the... This paper traces the historical development of globalization as a process and analyzes the economic and political impact of globalization on poor countries in Asia, Africa and Latin America. The paper discusses the role of the United States of America in driving and leading the globalization process and directing it in a way that enhances American's own interests at the expense of the great majority of world population. The paper attempts to show that globalization is an imposed process on other countries by different means, including economic, political and in certain instances military intervention. In short, the paper attempts to prove that globalization is, in fact, an imperialist process that works against the long-term interests of 80% of world population. In this respect, it is based on unequal development that resulted in a new world order, whereby one-fifth of world population controls 80% of world natural and industrial resources.DOI: -
Stoyan Stoykov
Some Procedural Issues Relating to Criminal Legal Protection of Resources from EU FundsJEL: K10Summary: This article is dealing with the procedural rules for investigation of crimes affecting the EU financial system. Attacks with such a specific subject are new to our penal law. However, investigations of abuse of EU funds should not... This article is dealing with the procedural rules for investigation of crimes affecting the EU financial system. Attacks with such a specific subject are new to our penal law. However, investigations of abuse of EU funds should not create special difficulties, as though it comes to crimes related to the subject of violations that are generic objects. Native jurisprudence in the broadest sense is a very solid practice connected with crimes chl.201 chl.212-203 and CC. By ratifying, the Convention concerning the financial protection of the European Community is applied in Bulgaria introduced additional stock of crimes, and therefore be adopted and a number of other changes in laws and regulations (Law on financial management and control of public sector § 1 item 6, the Public Procurement Act and other). An introduction of this additional criminal law is a fact that could raise questions about the constitutionality of the extent of this protection. For the first time in the Criminal Code used terms such as "funds belonging to the European Union" or "funds available to the Bulgarian state of the European Union. Looking on constitutionality of protection of these funds to the EU under Article 17 paragraph 2 of the Constitution, property is divided into private and public. The composition of the crimes set out in Chapter Five of the Penal Code "Crimes against property" refers to the concept of 'foreign' - foreign property, foreign property, foreign Money and foreign values. Assets from the funds of the European Union or those granted such a Bulgarian EU country, are relevant to the subject matter of the offense in Chapter V of P Code "Crimes against property. Interpreting Article 17 paragraph 2 of the Constitution, European Union funds are public property. Constitution as fundamental law, which set the basic principles of state social control does not provide additional protection or priority in the protection of public property to private (article 17 paragraph 2 CRB). Such additional protection on the various property is governed by the Penal Code, which exalts the offenses of illegal encroachments on the property as a crime which protects against illegal activities the funds in this case.DOI: -
Mariana Georgieva
Eastern Partnership: Outline for the Strategic Management of the Eastern Borders of the European UnionSummary: The purpose of this study is not a comprehensive revision of the existing analyzes, practices and official opinions on the Eastern Partnership and the thematic platform "Contacts between people. The ambition is to focus on those... The purpose of this study is not a comprehensive revision of the existing analyzes, practices and official opinions on the Eastern Partnership and the thematic platform "Contacts between people. The ambition is to focus on those activities that would lead to the convergence of patterns of social relations and social development between the European Union on the one hand, and countries neighboring the EU and Russia, on the other side. Particular attention is paid to the liberalization of visa regime as a prerequisite for the intensification of contacts between people and to increase mobility.DOI: