Индекс рискоустойчивости отраслей промышленности - сентябрь 2020 г.
In this paper the influence of branch tendencies of development of small retail business on dynamics of one of the leading quantitative indices of economic development of Russia - the index of physical volume (IPV) of the retail trade turnover is investigated.
The response of the macro aggregate to the artificial shocks entered into dynamics of the not quantitative composite indicators (CI) characterizing business tendencies of small trade business is simulated. For carrying out such analysis there was involved, based on modern VAR approaches, the impulse response function constructed on the VECM model.
In this article are put forward, tested and proved the conceptual and data-measuring hypothesis about the possibilities of building and using composite indicators of business conditions that summarize economic situation in small enterprises and have a statistically stable relationship with the dynamics of growth cycles reference statistics. Theoretical model and description of tools necessary for constructing composite indicators of business environment for small enterprises are presented. On the example of the development of indicators of retail trade environment all the nuances of the industry specific construction of composite indicators are reflected. Using tracer based on its phase movement, new visualization and analytical representation capabilities of a cyclic profile in the dynamics of the market retail environment indicator are demonstrated. New information and analytical capabilities of the application of non parametric information in the estimation of the existing and expected development of small business enterprises are defined.
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.