Российская экономика после присоединения Крыма: новые реалии и перспективы развития. [Текст] : докл. к XVI Апр. меж- дунар. науч. конф. по проблемам развития экономики и общества
In the present article forecasts of China's upcoming development are given. It is shown why China, even with all its possible future success, will be unable to take the USA's place in the World System. The merits and shortcomings of the characteristics of the modern Chinese economic development model are revealed. The conclusion is made that the Chinese economy, with all its achievements, remains generally extensive and, based on the consumption of excessive numbers of various resources and funds and with respect to the attendant investment gain, will become more and more ineffective. The author believes that it will be impossible to reconstruct the Chinese development model and GDP growth rates will slow down soon.
In all three countries, inflation will remain at a low level both this year and in 2015. The disinflation environment, however, may exacerbate problems in the fiscal sphere, especially on the back of sluggish economic performance. This will be important for Croatia and Serbia, where budget expenditures (and hence deficits) will increase this year. Slovenia, on the other hand, is demonstrating stronger fiscal discipline.
Business Studies practice listening tasks which are based on authentic sources, specially designed for the English state exam of the 4th year Public Administration students.
The article presents a review of events in the financial market in 2007-2008. The author studies the interconnection between macroeconomic policy conducted by the USA monetary authorities since beginning of 1980-s till now, and the risks which have concentrated in the financial system and resulted in the crisis. The author specifies the mechanisms of the crisis deepening and broadening, and gives her own evaluation to them.
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.