The article describes formation and realization of the Japanese state scientific policy as the national program of development of the Japanese society. This process is considered throughout 30 years - 1970 to 2000, with a periodization of stages - decades. The analysis of the given experience has concrete practical value for our country which at all levels of the power has proclaimed the direction on development of a scientific and information society. This process is of main value from the point of view of planning, strategy, and also practice and technologies of realization.
The author explores the reasons behind the crisis of single industry towns, possibilities and challenges of public private partnership in such towns, presenting foreign experience of transformation of old industrial territories and giving recommendations aimed at increasing efficiency of public policy concerning single industry towns.
This paper represents an initial report on findings for a study aimed at analyzing several key aspects of middle class development in the Russian regions (subjects of Federation - oblasts, krays, autonomous republics), namely: Federal and regional government programs to stimulate the growth of the middle class (content, tools of implementation, effectiveness); Behavioral strategies and economic behavior (consumption patterns propensity to save, investment) of different sections of Russian middle class; Middle class value orientation and political preferences (including preferences for democracy).
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.
The paper studies a problem of optimal insurer’s choice of a risk-sharing policy in a dynamic risk model, so-called Cramer-Lundberg process, over infinite time interval. Additional constraints are imposed on residual risks of insureds: on mean value or with probability one. An optimal control problem of minimizing a functional of the form of variation coefficient is solved. We show that: in the first case the optimum is achieved at stop loss insurance policies, in the second case the optimal insurance is a combination of stop loss and deductible policies. It is proved that the obtained results can be easily applied to problems with other optimization criteria: maximization of long-run utility and minimization of probability of a deviation from mean trajectory.