Citations for 2013
BANKS EVADING DRASTIC CHANGES
The term of office of Mr. Sergey Ignatiev, the current Chairman of the Bank of Russia, expires in June 2013. Former Finance Minister Alexey Kudrin, Central Bank’s Deputy Chairman Alexey Ulyukaev and VTB24 Management Board Chairman Mikhail Zadornov are regarded potential successors of the Central Bank’s Head, according to experts. Each of the nominees is sure to have extensive experience in the Russian financial system. However, their “systems of values” are not identical. Which of the nominees is the most “suitable” for credit institutions that directly report to the Bank of Russia? In no small measure it depends on the mid-term policy the banks select, which is often determined by the previous development vector.
1 апреля 2013
MONETARY AUTHORITIES IN SEARCH OF CAUTIOUS COMPROMISES
In January, the Bank of Russia’s Board of Directors left unaltered the refinancing rate, at 8.25%, after its previous increase by 0.25% in September 2012, due to increase in food prices. Thus, the Central Bank has once again shown its commitment to the conservative policy that has prevailed through the last two years, due to the inflation surge since late 2010, which has not been eliminated so far. The previous year’s inflation rate, 6.6%, cannot be regarded as an achievement as compared with the record low 6.1% of the year before last.
6 февраля 2013
PARTIAL SOLUTION OF THE “FISCAL CLIFF” PROBLEM
Late in 2012, the U.S. economy was on the brink of “fiscal cliff”, because the planned efforts of stringent budget economy and cancellation of many tax benefits could trigger a new recession. However, thanks to the timely adopted adjustments, the U.S. economy will not “fall from the cliff” in the near future, though the former uncertainty has already influenced the risk perception (see Fig. 1). However, the problems of chronic budget shortage and steadily growing public debt have not been resolved so far.
14 января 2013
News
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It’s All Set for a Radical Transition to the CryptoRuble
The article by A.Vavilov "It’s All Set for a Radical Transition to the CryptoRuble"/“Vedomosti” new...
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Credit-driven Asset Inflation and Intergenerational Wealth Transfers by G. Trofimov
"Credit-driven Asset Inflation and Intergenerational Wealth Transfers" article was published in Journal of Mac...
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FINANCIAL MARKETS’ DIFFICULT PUZZLES
The article by G.Yu. Trofimov, IFI Chief Economist, Financial Markets’ Difficult Puzzles, devoted to the Noble Prize Win...
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A. Vavilov became a member of the New Economic School Board of Directors.
In May 2013 Andrey Vavilov became a member of the New Economic School Board of Directors.
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Europe-Asia Studies reviewed Andrey Vavilov's "The Russian Public Debt and Financial Meltdowns"
Europe-Asia Studies reviewed Andrey Vavilov's "The Russian Public Debt and Financial Meltdowns" in Vol. 65...
Analytics
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Competitive storage and commodity price in continuous time
Commodity Markets \ pdf, 602.5 Кб
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SOLLERS and FIAT versus GAZ GROUP, DUCATO versus GAZEL
Industrial \ pdf, 284.23 Кб
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AVTOVAZ stakes on LADA priora
Industrial \ pdf, 270.01 Кб