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Понижение кредитных рейтингов России: причины и последствия
Управленческий учет и финансы. 2016. Т. 47. № 3. С. 192-201.
Volodin S., Веселова А. С.
Volodin S., Веселова А. С., Валютное регулирование. Валютный контроль 2016 Т. 153 № 9 С. 45-53
This paper examines the role of credit rating agencies as independent providers of opinion in the Russian financial market. The authors investigate the particular characteristics and tendencies of the Russian ratings industry. The paper also contains the competitive environment analysis and the current issues in this area. In the conclusion the authors provide the information ...
Added: November 14, 2016
Dyachkova N., Karminsky A. M., Управление финансовыми рисками 2016 № 4 С. 256-271
В статье рассматриваются основные методы, используемые для сравнения рейтингов финансовых институтов различных стран, а также качественные различия и причины расхождений между данными рейтингами. Согласно классификации Совета по финансовой стабильности (Financial Stability Board, FSB) авторы выделяют шесть типов финансовых институтов и анализируют два из них с помощью метода нечетких множеств. ...
Added: November 28, 2016
Живайкина А. Д., Peresetsky A., Журнал Новой экономической ассоциации 2017 Т. 4 № 36 С. 49-80
We consider 11 credit ratings of Russian banks, assigned by international and Russian rating agencies during 2012—2016. Econometric models of these ratings designed on the public information reveal difference in the approaches of the rating agencies to the Russian bank ratings. We also design econometric models of the Russian bank defaults, where we consider default ...
Added: January 12, 2018
Karpova N. S., Международная экономика 2014 № 12 С. 28-42
The author analyzes important aspects of the competitive position of Russia in the world economy in the context of changes in the last 20 years. The main attention is paid to the problems of reducing dependence on commodity exports, on modernization stratagies, improvement of the investment climate, productivity, and the reasons for the growth of ...
Added: December 29, 2014
Kayasheva E., Сытин Ф. М., Управление финансовыми рисками 2008 № 3(15) С. 170-180
Цель данной статьи — ознакомить читателя с требованиями к оценке и управлению кредитными рисками, предъявляемыми Базельским комитетом по банковскому надзору. Также будут предложены практические рекомендации по оценке вероятности дефолта в рамках IRB-подхода в современных российских условиях и расчету ожидаемых и неожиданных потерь по кредитному портфелю.
Содержание статьи.
• Кредитные риски: основные подходы к оценке и управлению ...
Added: February 8, 2013
Golikova V., Kuznetsov B., / Высшая школа экономики. Series WP BRP "Economics/EC". 2015. No. 115.
The paper is focused on assessing the factors of risks for Russian manufacturing firms due to sanctions imposed on Russia by the EU, US and other countries in 2014. While there is an extensive literature on assessing the successes and failures of international sanctions on the economies of both senders and targets on macroeconomic level ...
Added: December 3, 2015
Grishunin S., Egorova A., Journal of Corporate Finance Research 2022 Vol. 16 No. 1 P. 99-112
The purpose of this study is to compare the predictive power of different machine learning models to reproduce Moody’s credit ratings assigned to machine-building companies. The study closes several gaps found in the literature related to the choice of explanatory variables and the formation of a data sample for modeling. The task to be solved is highly ...
Added: June 22, 2022
Molodyko K., Russia in Global Affairs 2018 № 1 С. 103-114
National currency is needed for the following reasons. On the one hand, the world monetary circulation of the fiat currency is in a dead end, and there is huge demand for alternatives to fiat money with no disadvantages of the latter. That is, for new currencies, having features: full commodity security; protection from inflationary depreciation; ...
Added: February 19, 2018
Golikova V., Kuznetsov B., Вопросы экономики 2021 № 7 С. 89-106
The paper utilizes survey data of 2014 and 2018 for the analysis of import as one of the transmission channels of external shocks on the behavior of Russian industrial enterprises. The study aims to reveal strategies of importing under sanctions’ regime and evaluate the potential of import substitution. It demonstrates sustainability of business strategies with ...
Added: August 13, 2021
Selivanovskiy A., Хозяйство и право 2014 № 7 С. 66-88
The article comprehensively considered the protection of the rights of investors in the securities market. ...
Added: May 12, 2014
Karminsky A. M., Khromova E., Russian Journal of Economics 2018 Vol. 4 No. 2 P. 155-174
The paper is aimed at comparing the divergence of existing credit risk models and creating a synergic model with superior forecasting power based on a rating model and probability of default model of Russian banks. The paper demonstrates that rating models, if applied alone, tend to overestimate an instability of a bank, whereas probability of ...
Added: July 1, 2018
Davis C., Elcano Royal Institute for International and Strategic Studies, Analyses of the Elcano Royal Institute (ARI) 2015
This analysis begins by identifying lessons for the understanding of the conflict in Ukraine and contemporary economic sanctions from the histories of the dynamics of economic and military power balances in Europe leading up to 2013 and of Western economic warfare directed against the USSR. It evaluates a number of empirical issues, such as the ...
Added: January 17, 2017
Tabakh A. V., Андреева Д. А., Вопросы экономики 2015 № 10 С. 79-93
Debt practices and strategies of Russian regions are surveyed, as constrained by federal legislation. Major factors that impact debt policy reviewed and regions are grouped depending on their approach to debt financing. ...
Added: November 24, 2015
Mikheeva I. V., Loginovа A., Финансы: теория и практика 2016 Т. 20 № 6 С. 78-84
In the article the analysis of the influence of economic sanctions on the processes of Russia’s political and economic self-identification is carried out. Also the evaluation of reciprocal measures of Russia is carried out. The conducted research has shown that for stabilization of Russian economy it is necessary not only to re-direct the foreign trade relations, but also to ...
Added: September 15, 2016
Dyachkova N., Karminsky A. M., Управление финансовыми рисками 2016 № 4 С. 256-271
В статье рассматриваются основные методы, используемые для сравнения рейтингов финансовых институтов различных стран, а также качественные различия и причины расхождений между данными рейтингами. Согласно классификации Совета по финансовой стабильности (Financial Stability Board, FSB) авторы выделяют шесть типов финансовых институтов и анализируют два из них с помощью метода грубых множеств. ...
Added: November 28, 2016
Volkova O. N., Львова И. В., Экономическая политика 2016 Т. 11 № 1 С. 177-195
This paper presents results of an empirical study which explores Russian banks’ ratings by the econometric modeling method. The nexus was examined between ratings assigned by Moody’s, S&P and Fitch agencies in 2010-2013 years and banks’ financial indicators. Several hypotheses concerning the most promising ways to influence bank rating are tested. According to the research, ...
Added: March 6, 2016
Sorokin D., Бизнес. Общество. Власть 2020 № 36-37 С. 221-252
In modern political science, one can observe the growth of research interest in the issue of sanctions. Increasingly, sanctions measures are viewed not only as an instrument of international politics, but also as a factor capable of influencing specific social groups, voters' preferences, and macroeconomic processes.
In the author's past studies, the sanctions were considered as ...
Added: September 17, 2020
Davis C., Post-Communist Economies 2016 Vol. 28 No. 2 P. 167-198
The evolution and outcomes of conflicts in Europe, including the current one in Ukraine, have been influenced by the dynamics of economic, technological and military balances, which in turn are affected by the economic warfare and sanctions that have been used to alter them. This article reviews defence economic concepts of relevance to the Ukraine ...
Added: January 17, 2017
Naidenova I. N., Teplykh G., Вопросы экономики 2023 № 8 С. 100-122
The current study aims to evaluate losses in the efficiency for Russian firms from the departure of foreign vendors based on data covering the activity of 6 thousand companies over 15 years (2007—2021). Modeling within the production function approach revealed that Russian firms, on average, are approximately equally dependent on domestic and foreign digital products, ...
Added: August 22, 2023
Selivanovskiy A., Хозяйство и право 2016 № 3 С. 54-63
Russia has adopted a law regulating the activities of credit rating agencies. The article analyses
In the formation of features in regulation of the agreement on awarding credit rating legislator has introduced a number of innovations to solve problems that were previously solved structures such as a public contract, contract of adhesion.
Analysis of new regulation involving ...
Added: March 21, 2016
Selivanovskiy A., / Высшая школа экономики. Series LAW "Law". 2016.
This Working Paper is dedicated to the new system of legal regulation of credit rating agency (hereinafter “CRA”) activity in Russia. The main focus of the new rules is administrative regulation and rigid control of procedural issues by the Russian mega-regulator for financial markets. The author criticizes current legislation and argues that such rules will ...
Added: April 1, 2016
Karminsky A. M., Полозов А. А., М. : ИД "Форум", Инфра-М, 2016
В энциклопедии рассмотрены методологические принципы и перспективные технологии построения и эксплуатации рейтинговых систем, проанализированы возможности использования рейтингов для повышения
эффективности принятия управленческих решений, а также их использования как инструмента снижения уровня неопределенности в управлении и общественной жизни.
С единых позиций рассмотрены проблемные вопросы использования рейтингов в различных сферах деятельности — от экономики до спорта — с различным ...
Added: February 16, 2016
Karminsky A. M., Dyachkova N., / Центральный Банк Российской Федерации. Серия 47473 "Современные экономические исследования". 2018.
В работе рассматриваются изменения кредитных рейтингов и их взаимосвязь с динамикой кредитных циклов. На основе моделей множественного выбора получены эмпирические оценки влияния кредитного разрыва на изменения рейтинговых оценок ведущими агентствами . Построенные модели дают возможность предсказания поведения рейтингов во время различных фаз кредитного цикла.
Авторы работы выражают признательность за ценные советы при выполнении исследования и рекомендации ...
Added: September 4, 2018
Arbatli C. E., Gomtsyan D., European Economic Review 2021 Vol. 139 Article 103891
Hezbollah, a Shia Islamist political party and militant group based in Lebanon, is believed to receive a significant amount of informal funding from Iran. In this paper, we evaluate whether this funding has had any economically meaningful effect on subnational development in Lebanon. Since the amount of funding is not observed, we use Iranian oil ...
Added: September 10, 2021