Международные газовые проекты России: европейский альянс и стратегические альтернативы
Analysis and prospects for Russia in the global energy market.
This chapter presents economic, technological and political backgrounds of US leadership in the global gas market. Particular attention is paid to the history of the formation of shale business, the conditions of its transfer on the position of the gas sector locomotive in recent years, as well as analysis of strengths, weaknesses, opportunities and threats of the gas industry in the USA in the context of global changes of supply-demand.
The monograph presents an analysis of the recent tendencies in the transformation of world oil market. Special attention is paid to development of US unconventional oil sector, perspectives of the American «shale revolution» globalization, new potential of oil refining, advancement of competitive fuels in electricity and transportation. Complex research of institutional evolution in Russian oil sector and development strategies of Russian oil companies is provided in a wide historical and political economic context. New structure of challenges that forces OPEC to change the strategical behaviour on the world oil market is determined. The impact of tightening regulation over financial and banking sector in the USA on the mechanism of crude oil price setting is assessed.
Issues of the institutional environment factors influence on qualitative shift in the composition of the hydrocarbons considered in the article (for the example of shale gas revolution in the U.S.). The quantitative assessment of institutional factors impact on shale gas production is made by using mathematical "catastrophe theory".
This book aims to introduce a new framework of analysis for competition law and policy, but also the broader field of regulation of the food economy, drawing on the concept of global value chains. These global value chains are structures of organisation of economic activity, which are characterised by their systemic, coordination-driven nature. They rely on various systems of transnational governance and different sorts of linkages, some traditional such as contract law, others novel and relying on corporate law, property law or some more informal mechanisms, relying on information technology. For instance, GVCs are becoming a primary conduit for the transfer of intellectual property (‘IP’) globally, with the creators of intellectual products relying less on traditional IP regimes to enable them to limit access to their material, and more on a combination of contractual rights and technological protections.
Aggravation of the situation around Ukraine and the subsequent imposition of economic sanctions against Russia were the evidences of the deterioration of the economy of the world's leading powers and strengthening of the struggle for key markets by economic and political methods. In the center were the energy markets, dependence on these markets of Russia is traditionally high and vulnerability is most apparent. The author analyzes missed opportunities of modernization, problems and challenges of Russia under pressing of new geopolitical situation.
The volume contains paperы for the research and methodological seminar on management, socio-economic and organizational issues, challenged today the internation business. The seminar unified the teachers of international educational programms of the ISEP SPbSUE and univesity researches from Russia, European Union member-states (Estonoa and France) and CIS (Armenia, Tajikistan).
Development of standards of international controllability is reviewed in the article. Institutional approach is applied to development of international legal regime of Energy Charter. Definition of controllability is connected to development of international standards of dispute settlement, which are described in the article in detail. In connection with controllability, Russian interest, defense of investment in European Union and ecological investment encouragement, is reviewed in the article.
мировое управление и управляемость, Мировая экономика, международное экономическое право, энергетическая хартия, International control and controllability, International economics, international economic law, Energy Charter
Issues of interaction between assets, institutions and innovations are the subject of paper. Special attention is given to the specific (idiosyncrasy) assets characteristics in a centrally planning economy. "Shale revolution" assets drivers analyses is presented. Quantitative estimates of main conclusions are given – as with use of econometric tools as "catastrophe theory" approach.
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.