A Bank Run in a Classroom: Do Smart Depositors Withdraw on Time?
The article is dedicated to the analysis of the connection of socio-demographic characteristics, educational achievements and contextual factors with the educational aspirations of Russian ninth graders. In addition, it examines how students’ aspirations and the level of education of their parents are interconnected. Particular attention is given to issues relating to the dynamics of aspirations depending on different trajectories of education after high school graduation. The analysis is based on data of the panel study “Trajectories in Education and Careers” (TREC: http:// trec.hse.ru/) of HSE Institute of Education.
The relevance of the topic is the need to fill existing gaps in the study of micro-insurance. The goal is to identify the key factors and their influence on the development of microinsurance through the regression model. The analysis will be conducted based on the collected data for 69 countries, which include different characteristics: the level of inflation, unemployment, the Gini coefficient, the share of insurance premiums for life insurance in GDP, the index of strength of legal rights, financial literacy, index of health. The experimental variable was the percentage of the population using the services of micro-insurance. As a method of research for regression and descriptive data analysis. The expected result of the study is the determination of important characteristics that have an impact on the demand for microinsurance among the population, on what basis we can assume the expected trends in the development of microinsurance in Russia.
The aim of this article is to present the results of the pilot project on the development and implementation of programs to improve financialliteracy of youth at the level of municipal formation.
In this paper, we model the deposit market with costly information on bank risks. The model adds to the volume of literature related to the Diamond Dybvig mod el and related models of information based bank runs. The inclusion of costly information signals indicates that depositors must decide whether to pay for information regarding changes in the riskiness of banking activities; these costs may involve, for instance, time and other resources needed to find and read financial information. We show that an efficient bank run is the only equilibrium even in case of non negative information costs. To ensure the uniqueness of the efficient bank run equilibrium it is enough to lower the costs for at least one group of the depositors or introduce the deposit insurance system with co insurance.
In this paper we undertake an assessment of the rapidly growing body of research on financial literacy by Russian authors, published in the period from 2008 to 2018. The articles are systematized for journals and professional status of authors. Systematic an overview of theoretical and empirical research on financial literacy is presents. The thematic analysis of articles with the highest citation indexes trends helped to identify the general directions for future research on financial literacy in Russia.
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.