Система макроэкономических балансов России
In this article we consider the issues of preparing statistical data for using in applied macroeconomic models, based on balance equalities. We propose a description of every macroeconomic agent, which consists of four balances of different kind. The described construction is filled with statistical data, which describes the condition of main sectors of Russian economy, which allows to develop a system of macroeconomic balances of national economy.
This paper suggests methods for analyzing the activities of certain income groups of households in the Russian Federation in the management of their savings and loans in the framework of dynamic models of rational behavior of macroeconomic agents. The statistical base of the research is the balance of incomes and expenditures of the population, obtained as a result of aggregation of the published tables by Rosstat. Models of individual income groups (heterogeneous households) are dynamic tasks of rational behavior that are similar in structure but differ in the estimated coefficients and, as a result, the reaction of income groups to the current economic policy. The latter fact makes it possible to use this model as a tool for assessing the measures taken and reforms.
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.