О подходах к исследованию роли современного государства в экономике
This article examines the problem of government intervention in the economy. The analytical research is partly based on the theory of J.M. Keyens. Our research has demonstrated that without government intervention it is impossible cover all losses, that are sustained by firms. In these conditions it is necessary to intervene in the economic process to gurantee the stabilitty of economic development.
This article analyzes the advantages and disadvantages of different legal regimes of economic activities by the example of restoration of cultural heritage. The article deals with possibility of compulsory self-regulation of restoration activities as the most promising legal regime of regulation and control. The authors give recommendations on the transition from the licensing of restoration of cultural heritage to the establishment of mandatory self-regulation in this business.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.