THE STUDY OF THE RISK OF CRYPTOCURRENCIES VOLATITY UNDER GLOBAL UNCERTAINTY

The entire international economic space is affected by the aftermaths of both the global pandemic and sanctions shocks, which directly influence the cryptocurrency market. Therefore, the volatility risks of fiat currencies, as well as of bitcoins and altcoins, are increasing. The study focuses on analyzing  the risk of cryptocurrencies vitality under global uncertainty. To that end, To meet the study’s aim, a range of general methods, including descriptive, comparison, analysis and observational methods are utilize. According to the results, the exchange rate fluctuations of bitcoin to the US dollar and bitcoin to the euro are synchronous, which to a greater extent indicates the actual absence of the impact of bitcoin on the world's fiat money. At the same time, the cross-rates of fiat currencies are in direct interaction, which confirms the actual absence of the impact of bitcoin on the stability of the euro or dollar monetary currencies. The conducted research made it possible to identify the main risks and threats associated with the regulation of crypto markets at the level of individual jurisdictions. It implies the improvement of the current digital legislation to regulate the activities of crypto exchanges in order to forestall the growth of the shadow economy

Evaluation of financial and analytical activities of the biggest car makers of the Russian federation

Companies need an internal management control system to develop successfully in the current conditions of a market economy. This statement is true irrespective of an organisational form of a company. Financial indicators (such as profit) can give a full picture of absolute effectiveness of the company's performance. The main activities of any company can be split into the following groups: production, sales, procurement, financial and investment activities. According to the 2013-2016 consolidated financial statements prepared under IFRS, Russia’s largest car producers include AVTOVAZ Group, GAZ Group, KAMAZ Group and SOLLERS Group. They all used a three-factor model of return on equity and other mathematical tools. Analysis of the three-factor model of return on equity enabled us to formulate several statements. The main factor affecting return on equity is the sales margin. When the sales margin is measured within a certain period of time, there can be either a negative or a positive influence on the final financial results of a company. The two other factors that influence return on equity are less significant. The factor of margin is the most significant and the index of capital intensity is the least significant factor of the three. Our practical innovation is a new model to analyse financial reporting of a car making company, which showcases the financial position of a company