Проблемы эффективности содействия международному развитию: теоретические и практические аспекты
This paper studies fiscal policy in Russia 2004–2010 with the aid of structural budget balance and fiscal impulse measures. To check for robustness several methods estimating the potential GDP are employed. The research suggests a hypothesis that the output in Russia is subject to two types of shocks: persistent outward shocks and short-term internal shocks. In 2004–2010, fiscal policy coped with the internal shocks but could not smooth outward instability. Fiscal policy in Russia is procyclical; it does not stabilize the output.
The paper presents analysis of the G8 and G20 assistance to developing countries in overcoming the consequences of economic and financial crisis. It assesses the G8's and G20's implementation of key global governance functions and highlights their engagement with international organizations. In conclusion the author gives recommendations for rational division of labour between the institutions in international development assistance.
The article analyses the EU activity in assisting developing countries to develop energy sector throughperspective of the functional approach. The author identifies the EU approach by assessing EU compliance with the G8 commitments on assisting developing countries to develop energy sector. The assessment is made on the basis of the analysis of EU implementation of its commitments made in four major spheres of international engagement for energy development, such as ensuring developing countries’ access to modern energy sources, clean energy development, raw natural energy resources, sustainable management and environmental protection. In order to ensure comprehensive and unbiased assessment the author applies the methodology of global governance delivery function approach and compares EU compliance with compliance of other traditional donors such as USA and emerging donors such as Russia. In conclusion some recommendations on how to raise effectiveness in assisting developing countries to develop energy sector are made for the Russian Federation.
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.