Book
Вложения в обезличенные металлические счета: исследование факторов доходности
The monograph describes the factors influencing the profitability of investments in unallocated bullion accounts in Russian banks. This research will be useful for professional investors, financiers, scientists, students and citizens interested in investing.
The purpose of the paper is to demonstrate the specificity of application of the legislation on taxes and duties of the Russian Federation in the area of taxation of precious metals. On the basis of court practice author makes the conclusion that the objects of taxation in accordance with the tax on mineral extraction in the extraction of precious metals are concentrates and other products containing precious metals.
The present edition represents the scientifically-practical comment to the Federal act «About precious metals and jewels» (further - the Law). From the moment of the introduction of the Law into force has passed more than ten years. For this period changes have been made, accepted or the subordinate legislation specifying and supplementing sphere of action of the present Law has changed. The comment is constituted taking into account last changes and additions, and also the normative acts published after an adoption of law.
Considering traditional closeness and specificity of branch, authors have considered necessary for more complete understanding of the mentioned questions to supply separate articles of the comment with the allocated blocks in which short historical digression or the information inquiry contains.
The book is relevant for undergraduate and postgraduate students, professors, research and practising lawyers and those who are interested in the theory and practice of the legislation in sphere of precious metals and jewels.
The article considers the signs of corpus delicti under Art. 192 of the Criminal Code of the Russian Federation, as well as qualification issues of violation of the rules for delivery for refining and the mandatory offer to the state of precious metals and precious stones
The article considers the signs of corpus delicti under Art. 191 of the Criminal Code of the Russian Federation, as well as qualification issues of illegal traffic of precious metals, semi-precious and precious stones
This article devoted to the connection between the legal regulation of precious metals and precious stones in the Russian Federation and budget law. According legislation funds obtained from the sale of precious metals and precious stones can be used as one of internal sources for budget deficit financing.
We proposed the nonlinear dynamic model of the formation of the market prices of precious metals based on the econophysic considerations. This model is a system of three ordinary differential equations relating the time dependence of elasticity, variations of bid and ask prices; it is similar to the Lorenz system. The areas of the dynamic stochasticity in experimental data were found with the comparing of the experimental and the theoretical ask and bid prices. These areas are the precursors of the crisis mode in the form of dynamic chaos.
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.