Ein Verstaendniss der komplexen Entwicklungsprozesse in der deutschen Wirtschaft setzt ein umfassendes Verstehen des ganzen soziooekonomischen deutscjen Modells voraus. Gebildet unter dem Einfluss der urspruenglichen humanistischen Ideen der deutschen Neoliberalen der Mitte des 20. Jahrhunderts, hat das Modell sich alle Merkmale der historischen Erfahrung angeeignet, um sich dann, nach einer reihe von wesentlichen adaptiven Veraenderungen, bis heite weiter zu entwickeln.
The German party Alliance 90/The Greens claims to be the informal leader of the global environmental movement. Having emerged in the late 1970s and early 1980s as a leftist movement of radical ecologists, the Greens have long become an organic part of the mainstream, while maintaining a fleur of frontder integrity. In Germany, the "green" agenda largely determines the course of the country's domestic and foreign policy. Now the Greens have effectively converted the effects of climate change and public sentiment into solid political capital.
Specific german banking system is part of social market economy model. As inner and external conditions are changing, it has to adjust. The financial crisis of 2008, european debt crisis and transforming european financial architecture are recent and current challenges.
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.