АКТУАЛЬНЫЕ ПРОБЛЕМЫ СОЦИАЛЬНО-ГУМАНИТАРНЫХ И ЭКОНОМИЧЕСКИХ ЗНАНИЙ
The article reflects the results of a comprehensive analysis of subsidies sent to regional budgets and confirms the hypothesis that they are not only a tool for equalizing the budget security of regions, but also a mechanism for stimulating public authorities of the Russian Federation. The relevance of this topic is related to the need to improve the mechanism for providing grants for equalization. The authors hypothesize that excessive provision of financial assistance may become a disincentive factor for the development of the region, since the state authorities of the subjects of the Russian Federation will not seek to take measures themselves to obtain their own income. In this connection, there is an addiction and dependence of regional budgets on subsidies, which undermines the principle of budget independence. The ways of solving the identified problems in terms of improving the methodology for calculating and providing subsidies for equalizing budget security are proposed
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.