On the Projects of the RF Central Bank Dedicated to the Financial Market Development

2021 ◽  
Vol 152 (6) ◽  
pp. 63-67
Author(s):  
Mikhail V. Ershov ◽  
◽  
Elena Yu. Sokolova ◽  
Anna S. Tanasova ◽  
◽  
...  

The Bank of Russia in its systemic documents, published in 2020, presents solution of a wide range of topical issues of the Russian financial system and economy related to providing the real sector with long-term money, the lack of which is one of the key factors restraining the growth of investments and the Russian economy for years. However, implementation of measures proposed in the documents may take more than one year until the economy begins to feel their effect. In this regard, it seems important to consider more systemic mechanisms that will allow to expand the volume of long-term money. In particular, we are talking about approaches based on interaction of the national central bank and the national ministry of finance. Besides, more and more countries in the world are actively applying the indicated mechanisms.

2008 ◽  
pp. 94-109 ◽  
Author(s):  
D. Sorokin

The problem of the Russian economy’s growth rates is considered in the article in the context of Russia’s backwardness regarding GDP per capita in comparison with the developed countries. The author stresses the urgency of modernization of the real sector of the economy and the recovery of the country’s human capital. For reaching these goals short- or mid-term programs are not sufficient. Economic policy needs a long-term (15-20 years) strategy, otherwise Russia will be condemned to economic inertia and multiplying structural disproportions.


1988 ◽  
Vol 18 (2) ◽  
pp. 365-374 ◽  
Author(s):  
Susan Golombok ◽  
Parimala Moodley ◽  
Malcolm Lader

SynopsisIn view of the very extensive and often prolonged use of benzodiazepines in therapeutic practice, this study was designed to investigate whether or not cognitive ability is impaired in longterm benzodiazepine users, and to determine the nature and extent of any deficit. Fifty patients currently taking benzodiazepines for at least one year, thirty-four who had stopped taking benzodiazepines, and a matched control group of subjects who had never taken benzodiazepines or who had taken benzodiazepines in the past for less than one year were administered a battery of neuropsychological tests designed to measure a wide range of cognitive functions. It was found that patients taking high doses of benzodiazepines for long periods of time perform poorly on tasks involving visual-spatial ability and sustained attention. This is consistent with deficits in posterior cortical cognitive function.


Open Heart ◽  
2018 ◽  
Vol 5 (2) ◽  
pp. e000901
Author(s):  
Anette Borger Kvaslerud ◽  
Amjad Iqbal Hussain ◽  
Andreas Auensen ◽  
Thor Ueland ◽  
Annika E Michelsen ◽  
...  

ObjectiveThe aim of this study was to evaluate the prevalence and prognostic implication of iron deficiency (ID) and anaemia in patients with severe aortic stenosis (AS).MethodsIn an observational study of consecutive patients referred for aortic valve replacement (AVR), we assessed a wide range of biomarkers of iron status, including the definition of ID commonly applied in patients with chronic heart failure (ferritin <100 µg/L or ferritin 100–299 µg/L with a transferrin saturation <20%). The endpoints were short-term (one-year) and long-term (median 4.7 years, IQR: 3.8–5.5) mortality and major adverse cardiovascular events (MACE) within the first year after inclusion.Results464 patients were included in this substudy. 91 patients (20%) received conservative treatment and 373 patients (80%) received AVR. ID was detected in 246 patients (53%). 94 patients (20%) had anaemia. Patients with ID had an overall worse clinical profile than patients without ID. During follow-up, 129 patients (28%) died. Neither ID as defined above, soluble transferrin receptor nor hepcidin were associated with short-term or long-term mortality or MACE independent on treatment allocation. Anaemia was associated with one-year mortality in conservatively treated patients.ConclusionsID and anaemia are prevalent in patients with severe AS. In our cohort, ID did not provide independent prognostic information on top of conventional risk factors. More studies are required to determine how to correctly diagnose ID in patients with AS.Trial registration numberNCT01794832.


2021 ◽  
Vol 21 (3) ◽  
pp. 128-136
Author(s):  
Egor Yumaev ◽  

One of the main conditions for the Russian economy transition to growth rates above the global average is large-scale investment. The so-called «smart investments» are important for the accelerated economic development of Russia. Only a restricted range of states is a source of «smart investment». France is among them and it is a long-standing economic partner of Russia. French business implements long-term projects in Russia. After the economic sanctions being introduced, not a single company has left Russia; however, new investors do not come from France, and the operating investors evaluate the prospects for continuing work very carefully. As there is the economic sanctions mode, lending agencies in France, being afraid of losing their business in the United States, refuse to finance projects in Russia, even if they are not included into the sanctions list. Local manufacturing content of French companies still does not cover a wide range of areas in Russia, being limited mainly to agriculture. Compared to French, Russia’s investment contribution to France is disproportionately small. The article examines the factors determining the direct investment of France in Russia; the current investment agenda of French business in Russia; identifies the prospects for France’s investment participation in the Russian economy


2021 ◽  
Vol 15 (2) ◽  
pp. 97-106
Author(s):  
V. I. Filatov

The article deals with the formation of financing mechanisms for the dynamic growth of the Russian economy, focused on ensuring the country's global economic and technological competitiveness in the long-term period. The transition to sustainable, dynamic development in modern Russian conditions is associated with implementing a deep structural and technological modernisation of the national economy. It should be focused on further improving the country's infrastructure and expanding the existing sectoral structure of the Russian economy based on advanced development of the production of modern machinery and equipment for a wide range of sectors of the national economy. One of the independent priority of structural modernisation is the accelerated development of technologies of a new technological order (NBIK technologies) and the creation of production facilities to produce new types of high-tech products to diversify exports and increase the global competitiveness of the Russian industry. The solution to this problem involves a significant increase in investment activity in the economy, at least by a third (at least 10 per cent of GDP). In the current conditions, the rise in investment activity should face several restrictions. First, with the weakness of the Russian national production of investment equipment, which can be overcome through imports, but most importantly, through the development of its own production of machinery and equipment in the national industry's structural modernisation. Second, the weakness of the national financial system, which is reflected in the lack of long-term savings and the low level of monetisation of the national economy. For overcoming this limitation, it is proposed to form a special investment circuit based on a targeted credit issue to finance investment projects. The conditions and limitations of using the target credit issue to finance economic growth are considered.


2007 ◽  
pp. 28-44 ◽  
Author(s):  
A. Abramov ◽  
A. Radygin

This article is dedicated to the analysis of the current state and prospects of the financial market development in Russia in the context of formation of the state capitalism model. The authors consider both quantitative positive tendencies and long-term disproportions and risks which are connected with the strengthening of the state’s role in the economy. Special attention is paid to the issues of the quality of the institutional environment and evaluations of the speculative character of the market growth model.


2017 ◽  
Vol 7 (2) ◽  
pp. 107
Author(s):  
, Hartati ◽  
Imelda Saluza

The financial market is a place or means convergence between demand and supply of a wide range of financial instruments Long-term (over one year). Activities that occur in the financial markets in the long term will form a series of data is often called a time series that contains a set of information from time to time. Practical experience shows that many time series exhibit their periods with great volatility. The greater the volatility, the greater the chance to experience a gain or loss. Important properties are often owned by the data time series in finance, especially to return data that the probability distribution of returns are fat tails (tail fat) and volatility clustering or often referred to as a case heteroskedastisitas. Not all models are able to capture the nature of heteroscedasticity, one of the models that are able to do is Generalized Autoregressive Heteroskedasticity Condition (GARCH). So the purpose of this study was to determine the GARCH model in dealing with the volatility that occurred in the financial data. The results showed that the GARCH model is best suited to see volatility in the financial data.


2021 ◽  
Vol 301 ◽  
pp. 02001
Author(s):  
Olga Romanova ◽  
Alena Ponomareva

Carrying out large-scale structural transformations of both the entire Russian economy and its individual actors is one of the most important tasks of the current stage of national development. The urgency of this problem has increased dramatically during the COVID-19 pandemic. The purpose of this paper is to identify the most significant factors in the pandemic that affect the economic growth of Russia’s regions and reduce territorial inequality. The use of methods of comparative and economic-statistical analysis made it possible to establish that the most important independent factor in the development of a region is the structure of the economy and such a factor that ensures it as the regional structural (industrial) policy. It has been substantiated that structural modernization is the basis for pursuing a non-contradictory short- and long-term policy to reduce interterritorial inequality. A particularly negative impact of the pandemic on regions with a low level of development of the real sector and overdevelopment of the service sector has been revealed.


Literature suggests that financial intermediation affects growth through various channels. The questions, however, are “Whether financial development affects real economic activities?” and “Does the structure of the financial system matter for the economic growth outcome?” The aim of this chapter is, therefore, to briefly describe the concept of financial market development by highlighting the important role of the financial sector in the development of the real sector. Later in the chapter, the scope of the book is discussed, and research objectives are identified.


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