In our research, we examine what macroeconomic factors determine and influence the credit cycle. In addition, our study contains four sections with theoretical and empirical parts, in which we describe how to measure credit cycles for developed  and developing countries, and then introduce an important measure of the credit gap. Our results show a comparative analysis of credit cycles between different countries with different economic growth, and we have created an econometric model, which shows us the impact of macroeconomic factors according to the credit cycles  for developing and developed economies.

IEEE Electron Devices Society Newsletter

Presents the research results in efficiency assessment of contactless technologies of fare payment implementation on public transport. The project effectiveness assessment methodology has been developed on the synthesis method basis of expert assessments and prof. A. Egorshin's methods. The methodology allows to evaluate several effect types from the project implementation and to perform calculations of the complex efficiency assessment of contactless fare payment technology applied on public transport. The obtained results give a possibility to make conclusion about implementation feasibility of contactless fare payment system and efficiency for each project participants.