Раздел 3. Финансовые рынки и институты
The study of the Russian securities market, its segments and paticipants in 2012.
The study of behavior of the Russian securities market, its segments and partiсipants in 2011.
The article deals with the actual situation in Russian banking system, analyzing causes and effects of excess liquidity of Russian banks.
The aim of the article is to model dynamics of risks and assess the cyclical effect of Basel II in the Russian banking system.
This book is about twenty-year's experience of privatization in different countries including Russia. The book also includes sestematozation of academic views at the problems of state failures and effectiveness of the state owership.
The process of the IPO of banks in Russia is its infancy but the rapid growth is forecasted. This context raises the issue of the factors determining the floated banks stock value. The results of the research on 2007-2009 Russian data showed that the bank stock price is dependent on the macroeconomic indicators (such as the oil prices and the Dow Jones index volatility) and the some banking system indicators(the interbank interest rate, the bank’s ROA, and ROE). However, the results adjusted to the global financial crisis effect proved to exclude the ROE factor and showed the dependence of the stocks prices of the floated banks from the historic trend of the American economy. The models developed are of the practical application and can be used by the institutional as well as the private investors.