The Role of Financial Sanctions and Financial Development Factors on Central Bank Digital Currency Implementation

Mohammed, Medina Ayta; De-Pablos-Heredero, Carmen; Montes Botella, José Luis

doi:10.3390/fintech3010009

Cited by 3 publications

(3 citation statements)

References 53 publications

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“…Principle of stakeholder consultation: This principle requires enterprises to identify their stakeholders and explain how they meet relevant parties' reasonable expectations and interests. Stakeholders' expectations and interests help the firms make appropriate decisions in the reporting process (Mohammed et al 2024;Neacs , u and Georgescu 2024).…”

Section: Important Principles To Demonstrate Content Stated In the Su...mentioning

confidence: 99%

“…According to Mohammed et al (2024), companies with high liquidity levels can quickly pay short-term obligations on time. According to the stakeholder theory, a company with a high level of liquidity means it is in a better financial position, consolidating a favorable and trustworthy image of the company to the stakeholders, which eventually encourages the enterprise to improve the quality of the information in the sustainability report when they disclose to their stakeholders.…”

Section: Current Ratiomentioning

confidence: 99%

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The Influence of Financial Indicators on Vietnamese Enterprise’s Sustainability Reports Disclosing Process

Anh,

An,

Ngoc

et al. 2024

JRFM

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Sustainability reporting has become increasingly crucial for businesses worldwide, communicating environmental, social, and governance (ESG) performance to stakeholders. Despite the growing importance of sustainability reporting, there remains a gap in understanding how financial indicators influence the disclosure process, particularly in Vietnamese enterprises. This paper aims to address this gap by investigating the influence of financial indicators on the sustainability reporting practices of Vietnamese companies. Employing a mixed-methods approach, combining a quantitative analysis of financial data with a qualitative assessment of sustainability reports, the research seeks to uncover the nuanced relationship between financial performance metrics and the quality and extent of sustainability disclosures. The research was conducted to identify, evaluate, and measure financial factors affecting the quality of companies’ sustainability reports in Vietnam. The research is based on scoring the sustainable development reports of the top 100 listed joint stock companies on the HOSE—Ho Chi Minh City Stock Exchange. Based on the research model of Dissanayake, in the case of Vietnam, we build a scoring model for the sustainable development report based on GRI standards and add additional criteria appropriate to the situation of each listed company on the Vietnam stock exchange. Based on the research overview, our team tested hypotheses related to the short-term current ratio, total asset turnover ratio (AT), return on equity ratio (ROE), and debt-to-equity ratio (DE). The empirical results show that the AT and ROE significantly positively affect the sustainability reports; the DE hurts the sustainability reports. The findings are expected to provide valuable insights into the factors shaping sustainability reporting practices in Vietnam and contribute to the existing literature on corporate disclosure and sustainability.

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Section: Important Principles To Demonstrate Content Stated In the Su...mentioning

confidence: 99%

Section: Current Ratiomentioning

confidence: 99%

The Influence of Financial Indicators on Vietnamese Enterprise’s Sustainability Reports Disclosing Process

Anh,

An,

Ngoc

et al. 2024

JRFM

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“…In this way due to these sanctions a backlash is seen all over the world especially the countries that are facing these sanctions are taking measure to make their economies much more adaptable in these sanctions that is affecting the dominance of US Dollar. (Muhammad, 2024)…”

Section: Use Of Dollar As a Geopolitical Toolmentioning

confidence: 99%

Understanding the Decline of the US Dollar: Key Factors and Implications

Shah,

Gill,

Akhtar

et al. 2024

jsom

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This paper mainly focuses on the declining dominance of US dollar especially in the recent century and the role of different factors in this phenomenon. Recently decline is seen in the power of US dollar. The global dollar reserves faced so much pressure in recent times. Within two decades a sharp decline is seen in US dollar share of global currency reserves. This paper starts with the review on the factors that are causing the decline of US dollar. Many internal and external factors are causing this decline in dollar’s hegemony. These factors include external factors like de-dollarization, rise of other currencies like renminbi, euro, rise of China as a global power, rise of digital currencies, geopolitical risks, US sanctions on the Russia etc. and many internal factors like monetary policy given by US central bank, rising prices or inflation, demand for currency, economic growth, export prices, increasing federal debt etc. Countries mainly BRICS countries are moving towards de dollarization by proceeding their trade in their local currencies or currencies other than dollar, similarly rise of China as a big economic power also fastening this process as China increasing the scope of its renminbi, digital currencies also replacing paper currency effecting dollar’s hegemony, US sanctions on countries like Russia, Iran etc. also forcing states to move towards other banking systems. Likewise, US internal factors like inflation is on 40 years peak and federal debt rise up to 110% of GDP, economic growth is declining. These internal and external factors speeding up this process. As major world trade is still happening in dollar so decline in its dominance has a major impact on the global financial system. So, to study about its declining phenomenon is very important and this research mainly analyze on this declining trend of US dollar. The paper also looked at the short history of dollar that how it became the paper currency and how it emerged as main currency of the world. At the last of paper, I also talked about whether the decline of dollar is imminent? which is an important question asked by different economists and political analysts. These observations hint how the dollar’s hegemony is under threat.

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Weaponized Interdependence, Payment Systems, and Distributed Ledger Technologies: Examining Policy Challenges and Opportunities in Financial Infrastructure

Satre

2024

SSRN Journal

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The Role of Financial Sanctions and Financial Development Factors on Central Bank Digital Currency Implementation

Cited by 3 publications

References 53 publications

The Influence of Financial Indicators on Vietnamese Enterprise’s Sustainability Reports Disclosing Process

The Influence of Financial Indicators on Vietnamese Enterprise’s Sustainability Reports Disclosing Process

Understanding the Decline of the US Dollar: Key Factors and Implications

Weaponized Interdependence, Payment Systems, and Distributed Ledger Technologies: Examining Policy Challenges and Opportunities in Financial Infrastructure

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