Рынки недвижимости и развитие городов: российская реформа и международная практика
Abstract: the article is dedicated to approbation of the methodology of new institutional economics to the problems of the Russian housing and communities amenities. In the article the author proposes the model of choice of solution to the negative housing externalities for improving housing and utility services.
In the Soviet Union the housing stock was mainly state-owned. In urban areas state ownership accounted for 79%, in the largest cities up to 90% of the housing stock. Today, about 85% of the urban housing stock is private.In accordance with socialist ideology, rents and housing costs for citizens were nominal and housing was heavily subsidised by the state.The implicit aim of housing privatization was therefore to shift responsibility for the maintenance of the housing sector to consumers.after 20 years of privatization Russia has become a country of poor owners, who cannot afford property maintenance and taxation.Unfortunately, we do not see any positive news and plans about the rental housing stock in Russia
Democratically elected municipal government had no housing role in the Soviet era in Russia, as all housing belonged to the central state and was administered by its local agents. After 1990, a massive privatization of housing was achieved first through the transfer of stock from industrial companies to municipalities and then through no-cost transfer of ownership to the tenants. But the municipalities who lost this briefly-held housing stock to privatization now find themselves owners of 11% of all the housing in Russia: much more in some regions. Poor condition stock and the inability of the new owners to meet maintenance costs have led to a growing housing role for local authorities, who have many new responsibilities and expectations from local residents, but few resources. Although the situation has parallels in other post-socialist countries, the scale in Russia is greater, and there is no EU aid, nor any tradition either of ownership or of collective responsibility. Economic crisis in Europe and a slow down in housing construction in Russia mean that new policies for rental housing are needed. This review considers historic and recent changes in housing policy in the Russian Federation in the light of the emerging housing rôle of municipal governments. In the review we draw on national data as well an in-depth case study of the city of Perm to illustrate the impact of this transformation. Following a national meeting of housing experts in 2011, a new Government Strategy for 2020 has been established and is also discussed.
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.