Evaluation of tte International System In Russian Official Discourse and Academic Analysis

Directory of Open Access Journals (Sweden)

Igor A. Istomin

2016-01-01

Full Text Available The article draws a comparison between Russian official and expert foreign policy discourses, focusing on representations of the power balance and relations between major states as the defining features of international system. The author attempts to identify actual and potential contribution of academics in the Russian foreign policy thinking. Conceptual documents and programme statements of national leadership elevate the notion of 'polycentric world' as a value in itself, which guides national actions on international arena. Although, until the late 2000s its rise was perceived as a welcome, but remote prospect, since the U.S. failures in Iraq and Afghanistan as well as global financial crisis expectations regarding it construction increased. They are accompanied, however, by a more critical appraisal of the concept. The mainstream Russian expert community shares normative appreciation of the polycentric global system as an intrinsic good. It also nourishes expectations of its emergence with almost inevitable certainty. Most of the time, it does not take into account concerns incorporated in the Western IR theories, regarding destabilizing effect of competition between multiple centers of power. The article demonstrates that both Russian political leadership and expert community perceive polycentric system as an international 'great power concert', which is just one and relatively rare form of it. It requires not only virtual parity in capabilities of several players, but also the lack of serious disputes among them. Meanwhile, in the Russia academic community there is a place for a critical tradition, which associates current decentralization of the international system with its chaotization and weakening governance. In recent years this approach gains additional prominence. However, the Russian debates on global order lacks more elaborated discussion regarding sources of power in international system as well as explanation of the binding

Big russian oil round

International Nuclear Information System (INIS)

Slovak, K.; Beer, G.

2006-01-01

The departure of Mikhail Khodorkovsky has brought an end to the idyllic times of supplies of Russian oil to the MOL-Slovnaft group. The group used to purchase oil directly from Yukos. But now brokers have again entered the Central European oil business. And their aim is to take control over all of the oil business. The Russians demonstrated the changed situation to Slovakia last autumn: you will either accept the new model, or there will be problems with oil deliveries. Consumers got the message. The main brokers of Russian oil in Central Europe are the Swiss companies Glencore and Fisotra. Little information is available regarding these commodity brokers. But the information available is sufficient to indicate that these are not small companies. Glencore undertakes 3% of all international oil trades. With an annual turnover of 72 billions USD, it was the biggest Swiss company by turnover in 2004. Fisotra also has an extensive product portfolio. It offers financial and commercial services and does not hide its good relations with Russian oil companies. Between 1994 and 1998, it managed their financial operations with major western companies such as BP, Cargill, Elf, Exxon, Shell, Total, and Mutsubishi and also with Glencore. Fisotra states that some of its clients achieved an annual turnover of 1.5 billions USD. At present, the Swiss brokers receive a fee of 1 to 1.5 USD per barrel. The Russian political elite must be aware of these brokerage services as the oil transport through the transit system is closely monitored by the state owned company Transneft. (authors)

Russian nuclear industry exports

International Nuclear Information System (INIS)

Gorbatchev, A.

2016-01-01

Rosatom is the world leader for the export of nuclear technologies. 34 reactors of Russian technology are being built or planned worldwide. Most reactors proposed by Rosatom are third generation VVER-1200 units with an electric power output of 1200 MWe. Although the nuclear island is always built by Rosatom, the remain of the plant can be subcontracted to other enterprises and European companies are sought because they would bring a european quality touch to Russian works. One of the main assets of Rosatom is to propose an integrated offer from supplying nuclear fuel to managing nuclear waste via the turnkey building of nuclear power plants. Another important asset is the financial assistance of the Russian state through state credit or the support from Russian national banks that appears to be a decisive advantage in the international competition to win markets. We have to temper the Russian export perspectives by noting that most projects are set in countries that are prone to instabilities and that the economic crisis affecting Russia has a negative impact on its financial means. (A.C.)

Issues of Formation and Use of Financial Resources of the Social Welfare System (Case Study of the Komi Republic

Directory of Open Access Journals (Sweden)

Valentina Valentinovna Tikhomirova

2016-11-01

Full Text Available Currently, the social welfare system in the Komi Republic and in the Russian Federation on the whole is undergoing gradual reforming, the main goals of which are as follows: improving the quality of life; supporting the poor and vulnerable segments of the population; mitigating possible negative consequences of reforms; improving pension provision; further improvement of targeted social assistance; streamlining social benefits; development of the social services market. In this regard, the study of methodological basis for the formation and use of financial resources of the social welfare system becomes more and more important. The goal of this work is to develop theoretical and methodical approaches to the improvement of financial mechanism for the social welfare system in the region. The paper considers the formation and use of financial resources for social protection of population in the Republic of Komi. The author reveals specifics of formation of budgets of all levels and the powers of federal and regional authorities in the field of mutual responsibility. The paper shows the imbalance of financial resources and obligations at all levels of the budgetary system of the Russian Federation. Scientific novelty of the work consists in the fact that it defines social protection as a financial category that provides redistribution of financial resources emerging in the process of formation of centralized and decentralized financial resources, through a set of forms and types of social protection aimed to ensure its targeted provision. On the basis of the national accounts system, which in terms of methodology focuses on a single international standard, the author develops a structure of forms and types of social protection, which are the basis of its financial mechanism: state social guarantees and minimum social standards; social benefits (social insurance and social assistance benefits; and social services. The paper considers main directions

Multifractal structures for the Russian stock market

Science.gov (United States)

Ikeda, Taro

2018-02-01

In this paper, we apply the multifractal detrended fluctuation analysis (MFDFA) to the Russian stock price returns. To the best of our knowledge, this paper is the first to reveal the multifractal structures for the Russian stock market by financial crises. The contributions of the paper are twofold. (i) Finding the multifractal structures for the Russian stock market. The generalized Hurst exponents estimated become highly-nonlinear to the order of the fluctuation functions. (ii) Computing the multifractality degree according to Zunino et al. (2008). We find that the multifractality degree of the Russian stock market can be categorized within emerging markets, however, the Russian 1998 crisis and the global financial crisis dampen the degree when we consider the order of the polynomial trends in the MFDFA.

IMPROVING THE EFFICIENCY OF THE FINANCIAL CONTROL SYSTEM IN TERMS OF THE RISK-ORIENTED MODEL

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M. N. Ponkratova

2015-01-01

Full Text Available The imperfection of the legislative and methodological basis of fi nancial control in the Russian Federation shall determine the list of issues on illicit and misuse of budget funds, including with the use of schemes for the withdrawal of capital abroad through fi nancial instruments (cash, Bank transfers and deposits, securities and bills of exchange operations which are common practice in our country. In this regard, of particular importance is the use of a risk-oriented model of financial control, adapted to the conditions of the Russian Federation.The article discusses the risk-based model as part of a system of financial control. The concept model aimed at check point, implying the identification of reference points in the organization's and customers' risk event.

Financial System of Malaysia: the Concept of Financial Dispute

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Evgenia E. Frolova

2017-01-01

. Conclusions and Relevance: the materials presented in the article show the special role of arbitration in resolving domestic and international financial disputes. The practical application of its results will improve the Russian legislation in the field of resolving financial disputes. 

MODERN TAXATION SYSTEM FORMATION IN RUSSIAN FEDERATION

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Viktoria Aleksandrovna Tsokova

2013-11-01

Full Text Available The Russian taxation system was formed in the beginning of 90-s and experienced the evolution and sometimes revolution transformations. The state taxation system was created on the basis of the foreign countries’ experience nowever the research testifies the trends of the progressive development of the Russian taxation system elements including the national peculiarities.DOI: http://dx.doi.org/10.12731/2218-7405-2013-7-63

Countering Russian Active Measures

Science.gov (United States)

2018-04-16

information laundering has proven effective in several occasions.20 In 2016, Russian social media actors circulated a fake news story about the...Soviet Union, individuals in positions of power funneled communist party financial resources to off-shore bank accounts and later used this money to...international offshore banking industry, they [the current oligarchs] stole money that belonged to the Russian state, took it abroad for safety

INNOVATIONS IN FINANCIAL ANALYTICS

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T. V. Teplova

2012-01-01

Full Text Available In this paper as the main feature of innovation in the financial health of a company analyst view the shift to two circuits of key interests of owners of capital (financial stakeholders. Justifi ed by differences key financial systems within the contour ownership interest and the lender three projections: liquidity, the current economic efficiency and growth. In the paper as the main feature of the innovation in the analysis of the financial health of a company is considered a transition to the two circuits of the interests of the key owners of financial capital (financial stakeholders. Justifi ed differences of key financial indicator systems in the framework of the outline of the interests of the owner and the lender by three projections: liquidity, efficiency and the quality of growth. The examples of Russian companies have different interpretations of financial targets and indicators with a choice of activities.

Interactive Russian Grammar: The Case System

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Rimma Gam

2009-01-01

Full Text Available My paper addresses a problem many of us in North American college language programs confront regularly, the solution to which regularly and frustratingly remains just out of our reach. I refer to the teaching of the most basic and most crucial element of Russian grammar, namely, its case system, and teaching it to our students whose native language, English, does not have such a system. As I teach the Russian cases, I see vividly the disconnect between grammar presented for students (simplified, episodic, based on the "pick it up along the way" principle and the learned papers on Russian grammar by linguists, which are barely comprehensible to a non-linguist. Materials in the middle are lacking-materials to help a literature professor acting as a "de facto" language instructor understand and address the needs of students as they learn this crucial segment of basic Russian grammar. This core element of Russian grammar is presented to students in the first year of college language study, is revisited in the second year, and very often by the third year students either manage to completely block it out from their memory (as if it were some traumatic experience that happened "a long time ago"-that is, before .summer break-but most importantly due to the lack of practice or demonstrate a partial or even complete lack of understanding or misunderstanding of this system forcing us to deal with it again in the third year. Not only is it frustrating for both the students and the language instructor; but from the point of view of their overall proficiency, the lack of control of the case system holds our students back. There can be no talk of advanced language proficiency without a complete and automatic mastery of this basic system. Unfortunately, regardless of the specific textbooks used, the students very often manage not to have a general idea and mastery of this system even by the third year of study.

THE IMPACT OF SYSTEM OF BUDGET EQUILIBRATION ON MACROECONOMIC INDEXES OF RUSSIAN FEDERATION

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E.V. Peshina

2007-12-01

Full Text Available Theoretical regulations of basic conceptions of budget equilibration are considered in the article and the position of budget deficit/proficit in a system of socioeconomics relations is grounded. Estimation of control mechanism of budget deficit and proficit in the system of socioeconomics relations was conducted. This estimation confirmed an analysis inference about large discontinuity and fragmentation, that is outboard, first of all in respect of strategy of financial policy, sum-total of using, at present, principles, methods and regulations of budgetary management. The article contains a description of basic directions of budgetary policy about optimization of budget deficit/proficit in Russian Federation.

Distribution of Financial Resources Within the Budget System of the Russian Federation and Regions’ Economic Growth

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Artyom Gennadyevich Isaev

2016-12-01

Full Text Available This article examines the impact of central government transfers and other sources of regional budget revenues (income tax and property tax on per capita GRP growth in Russian regions. Analysis is based on official data of 78 regions for the period 2005-2014. The results indicate that transfers, while intending to be an instrument of regional incomes equalization, are negatively associated with economic growth of Russian regions, which contrasts with other estimates of federal transfers’ impact on regional economic growth in Russia. This phenomenon can be explained by high rate of social expenditures in regional governments’ spending. At the same time there is positive relationship between regional budget’s investment and economic growth that indicates significant role of public goods for regional economic development. This study can be considered as confirmation of those conclusions concerning impact of fiscal decentralization on economic growth of Russian regions which claim that current system of intergovernmental relations on sub-national level cannot embody the benefits of fiscal federalism as a principle of effective regional development. Significant factors of regional per capita GRP growth are own sources of region’s budget revenues which reflect costs of doing business. So the rise in property taxes retards economic growth in a region. For the regional authorities it makes sense to operate more flexibly with this tool, especially in periods of economic recession when inflow of corporate income tax to budget tends to decrease

An Analysis of Ratings of Russian Banks

NARCIS (Netherlands)

van Soest, A.H.O.; Peresetsky, A.; Karminsky, A.M.

2003-01-01

Since the recent financial crisis, both the Russian business community and foreign investors have started to make more and more use of ratings of the reliability of Russian banks, i.e., their ability to meet interest and repayment commitments to the investors.In response to this, the number of

Cultural impact on the harmonisation of Russian Accounting Standards with the International Financial Reporting Standards: A practitioner's perspective

OpenAIRE

Combs, A; Samy, M; Myachina, A

2013-01-01

Purpose\\ud – The purpose of this paper is to explore cultural impact on the harmonisation of Russian Accounting Standards with International Financial Reporting Standards (IFRS).\\ud \\ud Design/methodology/approach\\ud – A theoretical review established that differences still exist between the two sets of accounting standards. For decades, Russia was a socialist state of planned economy. Accounting was a tool of centralised control, and accountants had a job of gathering information for statist...

Russian RBMK reactor design information

International Nuclear Information System (INIS)

1993-11-01

This document concerns the systems, design, and operations of the graphite-moderated, boiling, water-cooled, channel-type (RBMK) reactors located in the former Soviet Union (FSU). The Russian Academy of Sciences Nuclear Safety Institute (NSI) in Moscow, Russia, researched specific technical questions that were formulated by the Pacific Northwest Laboratory (PNL) and provided detailed technical answers to those questions. The Russian response was prepared in English by NSI in a question-and-answer format. This report presents the results of that technical exchange in the context they were received from the NSI organization. Pacific Northwest Laboratory is generating this document to support the US Department of Energy (DOE) community in responding to requests from FSU states, which are seeking Western technological and financial assistance to improve the safety systems of the Russian-designed reactors. This report expands upon information that was previously available to the United States through bilateral information exchanges, international nuclear society meetings, International Atomic Energy Agency (IAEA) reactor safety programs, and Research and Development Institute of Power Engineering (RDIPE) reports. The response to the PNL questions have not been edited or reviewed for technical consistency or accuracy by PNL staff or other US organizations, but are provided for use by the DOE community in the form they were received

Regional Banks in the Russian Banking System

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Mikhail Vitalyevich Leonov

2015-06-01

Full Text Available Despite the lack of a uniform definition of «a regional bank», problems of their activities are widely discussed in the context of increasing regulation of the banking sector and creation of conditions for accelerated development of certain regions. The author analyses the Russian-language scientific literature in order to define «a regional bank» and systematize its key differences from other commercial banks. The researcher shows that the allocation of regional banks in a separate group should be related to specific features of the environment and not by endogenous factors associated with the selection of activities and balance sheet structure. The low level of financial market development and concentration of specific undiversified risks are the principal qualifiers differentiating between regional banks and other credit institutions in Russia. As classification criteria the author uses following: spatial representation (the bank does not have structural subdivisions in Moscow and the ownership structure (among the bank’s owners there are no national and international financial groups that have a direct impact on the operations of the bank

Financial Village Standing in Indonesian Financial System

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Herry Purnomo

2015-12-01

Full Text Available Financial resources of the village that are sourced from a country or a Regional Finance Financial based Law Number 6 Year 2014 of The Village is the mandate of the law that must be allocated to the village. The interconnectedness of the financial position of the village in the financial system of the country or Region concerned the Financial administrative and territorial relations, and there is no setting directly regarding the finances of the village as part of the financial system of the country or the financial area. In respect of the elements of the crime of corruption deeds against financial irregularities of the village there are still disagreements on the interpretation of the law in trapping the perpetrators of corruption on the village chief that implies not satisfy the principle of legality and legal certainty in the ruling of the matter of financial irregularities. In fact, many of the village chief or Councilor caught the criminal offence of corruption over the use of financial irregularities. This research analyzes How the financial position of the village in the financial system of the country or region, as well as whether the financial resources of the village is derived from the state budget or region budget managed in village budget belongs to the category of village finances and whether tort against the financial management of the village can be categorized as a criminal act corruption. How To Cite: Purnomo, H. (2015. Financial Village Standing in Indonesian Financial System. Rechtsidee, 2(2, 121-140. doi:http://dx.doi.org/10.21070/jihr.v2i2.81

Quality of Financial Policies and Financial System Stress

OpenAIRE

Udaibir S Das; Plamen Yossifov; Richard Podpiera; Dmitriy L Rozhkov

2005-01-01

In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of macroeconomic pressures on the overall level of stress in the financial system. They are also in a better position to ensure sustainable development of the financial system.

Financial Institutes of Nanoindustry Development in Russia

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Strukova Tatyana Vladimirovna

2015-05-01

Full Text Available At the present stage Russia’s nanoindustry can be formed on the basis of new and old specialized financial and non-financial institutes, which form a milti-layered structure providing targeted investments for innovative projects. The active state fiscal policy plays a decisive role in the national nanoindustry formation at different stages of its development and approval. The article substantiates the need for state regulation of the nanoindustry development funding mechanism in Russia. The author characterizes the main principles, subjects, methods, tools and sources of nanoindustrialization financial mechanism. The article presents the system of Russian financial institutes of development, allowing to identify the goals, objectives, forms and tools for implementation of the functions of each of them in the process of innovative development. The author reveals the essence, types, role and interests of development institutes in the process of public and public-private funding of national innovation system. The problems of innovative projects funding, caused by the specific features of the Russian economy are designated; a number of measures aimed at coordinating the activities of financial institutions and consolidating the public and private financial resources in priority sectors and industries of the economy is proposed. The author substantiates the necessity of building a mechanism of institutional, organizational and informational interaction of the federal target programs regulation bodies focused on the development of innovative activity system, federal executive bodies and exchange institutes, as well as the coordinating mechanism allowing to maximize the effectiveness of using methods and tools for innovation support.

Cyber Threats for Organizations of Financial Market Infrastructures

OpenAIRE

Natalia Georgievna Miloslavskaya; Svetlana Alexandrovna Tolstaya

2016-01-01

Abstract: In the global informatization era the reliable and efficient financial market infrastructure of the Russian Federation (RF FMI) plays an important role in the financial system and economy of the country. New cyber risks have acquired the status of the FR FMI systemic risk’s components, the importance of which is constantly growing due to the increase in the possible consequences of their implementation. The article introduces the basic concepts of cyber security, cyber space and cyb...

Settlement of Tax Disputes in the Russian Federation and Germany

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Anastasiya Alexandrovna Konyukhova

2015-01-01

Full Text Available This article is devoted to the settlement of tax disputes in the Russian Federation and the Federal Republic of Germany. The features of the conflict settlement mechanism are both shown in the stage of administrative and judicial review. In accordance with German law, the administrative stage of dispute resolution, carried out by the tax authority, always precedes the filing of a complaint to a court. Consequently, the taxpayer submits his first application in writing to the tax authority that issued the tax act, though in some cases to a higher tax authority. This obligatory procedure was borrowed by the Russian tax system. The trial stage of tax dispute settlement in Germany is carried out by specialized courts, forming a two-level system for legal proceedings. Thus, the tax dispute submitted to the Court is settled first by the financial lands courts and then by the higher Federal Financial Court. However, the Federal Financial Court takes into consideration only certain categories of actions listed in the Act (the Regulations of finance courts (Finanzgerichtordnung. In Russia appeals of administrative review of tax conflicts, unlike in the German system, are handled by arbitration and general jurisdiction courts. The Supreme Arbitration Court of the Russian Federation is the supreme judicial body for settling economic disputes and other cases considered by arbitration courts in implementing federal procedural judicial supervision over their activities and provides explanations regarding judicial practices. Arbitration courts established at the level of the Federation to resolve disputes involving commercial entities, e.g. enterprises and entrepreneurs, resolve the bulk of tax disputes. These courts are composed of specially created panels of judges known as bars, i.e. groups of judges who specialize in reviewing taxation cases.

FINANCIAL SYSTEM OF JAPAN: THE LEGAL REGULATION OF DISPUTES BETWEEN FINANCIAL SERVICES PROVIDERS AND CONSUMERS

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E. E. Frolova

2018-01-01

Organizations" in resolving domestic financial disputes in Japan. The practical application of its results will improve the Russian legislation in the field of resolving financial disputes.

The Association of Russian Banks (ARB and Banking Community: the Practice and Prospects of Cooperation

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Vitaly F. Ershov

2014-10-01

Full Text Available The article discusses the peculiarity of the formation and basic directions of activities of the Association of Russian Banks (ARB as the leading corporate establishment of domestic financial business. ARB consistently provides innovative projects aimed at improving the native system of credit agencies, the development of their interaction with the state, developing the ties with the international financial institutions.

Indissoluble Connection of Russian MC and A System Sustainability with that of the Russian Methodological and Training Center

International Nuclear Information System (INIS)

Ryazanov, Boris G.; Goryunov, Victor; Pshakin, Gennady M.; Shapsha, V.; Crawford, Cary E.; Dickman, Deborah A.

2005-01-01

During the past 10 years of collaboration under the U.S.-Russian Materials Protection, Control and Accounting (MPC and A) Program great efforts were made to transform and upgrade the Russian Federal Nuclear Materials Control and Accounting (MC and A) System. The efforts were focused not only on MC and A systems for nuclear facilities but also on creating and developing the system infrastructure, including legislation, state inspection and agency monitoring, training of operators and inspectors, instrument and methodological support, and the Federal Information System (FIS). At present the most important and urgent goal is to provide sustainability of MC and A systems at the existing level or at the level that will be achieved in 2007-2008. Since the very beginning of the program, the Russian Methodological and Training Center (RMTC) activities have been focused on intensive training of the personnel as well as the methodological support necessary for transformation and development of the entire system and its elements located at nuclear facilities. Sustainability of the federal MC and A system is impossible without advanced training of personnel and methodological support for upgrading of system elements at nuclear facilities. That is why the RMTC sustainability is one of the key conditions required for the system sustainability as a whole. The paper presents the results of analysis of the conditions for the Russian MC and A system sustainable development in conjunction with the RMTC sustainability

Development of methods and means to improve the financial monitoring system

International Nuclear Information System (INIS)

Spiridonov, A.M.

2011-01-01

The paper discusses the ways of enhancing the effectiveness of National system of financial monitoring, or Russian national system of counteraction to legalization (laundering) of proceeds from crime and financing of terrorism (NS CLP/FT). The author suggests that to achieve this goal it is necessary to solve the following main objectives: to study the current state of the NS CLP/FT, and to build its structural and functional models, to determine the criteria of efficiency of the system, to develop a methodology to assess the effectiveness of the NS CLP/FT, to apply it and to identify promising trends of this system development. On the basis of the obtained data, it is proposed to develop a means of increasing the effectiveness of the NS CLP/FT [ru

CHART OF ACCOUNTS OF THE RUSSIAN FEDERATION SHOULD BE DETAILED WITH REFORMING OF AN ACCOUNTING REPORTING ON THE BASIS OF THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS

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Gegetsik A. Tovmasyan

2013-01-01

Full Text Available The article deals with the problem related to information base of accounting (financial reporting, which depends on conducting accounting and creation of detailed classification of chart of accounts of the Russian Federation. It is offered to change the structure of the balance sheet and the report on changes of the capital in the Russian Federation with introduction of “paid-in capital” indicator which not only unifies the reporting according to IFRS, but also will allow objectively estimating and predicting results and risks of both business activity and investment activity.

Model of the Russian Federation Construction Innovation System: An Integrated Participatory Systems Approach

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Emiliya Suprun

2016-08-01

Full Text Available This research integrates systemic and participatory techniques to model the Russian Federation construction innovation system. Understanding this complex construction innovation system and determining the best levers for enhancing it require the dynamic modelling of a number of factors, such as flows of resources and activities, policies, uncertainty and time. To build the foundations for such a dynamic model, the employed study method utilised an integrated stakeholder-based participatory approach coupled with structural analysis (MICMAC—Matrice d'Impacts Croisés Multiplication Appliquée à un Classement Cross-Impact Matrix. This method identified the key factors of the Russian Federation construction innovation system, their causal relationship (i.e., influence/dependence map and, ultimately, a causal loop diagram. The generated model reveals pathways to improving construction innovation in the Russian Federation and underpins the future development of an operationalised system dynamics model.

ECONOMIC ASPECTS OF RUSSIAN-GERMAN RELATIONS IN 2000-2013

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Юлия Олеговна Пучинская

2016-12-01

Full Text Available The effective collaboration between the Russian Federation and Germany at the beginning of the 21st century would be impossible without mutually beneficial economic cooperation of the two countries. The analysis of basic stages in the economic relations, achievements and problems are considered by the author to be important for lining-up an all-round picture of the Russian-German relations in the period under review. The main purpose of this article is the consideration and analysis of the economic aspects in the Russian foreign policy towards Germany. The problem considered in the article is of current importance, because in 2000-2013 the economic collaboration of Russia and the German Federal Republic was brought to a high level, but at the same time some considerable potential of cooperation was not fulfilled. With regard to complementarity of the Russian and German economies and their centuries-old experience of collaboration and mutual financial interest, it is possible to suppose that the economic sphere in particular would be a basis of optimization of the Russian-German relations in the long term. In such a way, this article deals with the basic directions of the Russian-German economic cooperation in 2000-2013.The contractual legal base of financial relations is examined with the purpose to reveal strengths and weaknesses as well as perspective possibilities of the optimization in the Russian-German relations in the future.

Genuine federalism in the Russian health care system: changing roles of government.

Science.gov (United States)

Chernichovsky, D; Potapchik, E

1999-02-01

The reforms that have affected the Russian health care system since the breakup of the Soviet Union, principally those in the general administration of the Russian Federation, have suffered from inconsistency and the absence of a strategy. The various reforms have caused a shift from a national health system characterized by highly centralized management and control, typical of the totalitarian uniform state, to a highly decentralized but fragmented multitude of state systems. Each of these systems is relatively centralized at the local level and run by local administrations with limited government infrastructure and experience. The role of government in the emerging system, and in particular the role of the federal government, remains ill defined. As a result, there is a grave risk that the Russian health care system may disintegrate as a national system. This undermines (a) the prevailing universal and fairly equitable access to care, (b) stabilization of the system following a long period of transition, and (c) the long-term reform that is required to bring the Russian health care system up to par with the health care systems in other developed countries. A rapid transition to a genuine federal health system with well-articulated roles for different levels of government, in tandem with implementation of the 1993 Compulsory Health Insurance System, is essential for the stabilization and reform of the Russian health care system.

THE FINANCIAL SECTOR IN THE FINANCIAL SYSTEM ECONOMY: THEORETICAL ASPECTS

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Yu. Kovalenko

2015-06-01

Full Text Available Broad and narrow approaches of the financial system are obtained. The difference between the financial system and the financial sector (the fi-nancial corporations sector is shown. Organizational and institutional matrix of the financial system of the economy is proposed. Key positions of institutional sectors classification of Ukraine’s economy are analyzed, as well as the System of National Accounts with respect to the financial sec-tor of corporations. The structure of the sector of financial corporations in Ukraine is defined.

Financial Economy and Financial System: Basis of Structural Interconnection

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Khorosheva Olena I.

2014-02-01

Full Text Available The goal of the article lies in identification of grounds of interconnection of the financial economy and financial system. The study was conducted with consideration of main provisions of the theory of finance and concept of financial economy, which is a set of means used in the process of reproduction of finance by their owner for formation and / or maintenance of the own system of values in the viable state. For the first time ever the structure of the financial system is identified as an aggregate of financial economies and financial market. The article justifies a necessity of expansion of boundaries of perception of the state financial economy, which is offered to include public financial economy of the state level and the set of financial economies of the state as a subject of economic activity. Such an approach forms a base for justification of the synthesis of participation of the state in financial relations as the owner and as the basic macro-economic regulator. Prospects of further study in this direction are: development of classification of financial economies; revelation of specific features of impact of shadow finance on development of the national financial economy; and assessment of possibilities of inclusion of structured financial products into the system of values of financial economies in Ukraine.

RATIONAL FINANCIAL BEHAVIOR OF POPULATION AS A PROSPERITY FACTOR OF FINANCIAL SECTOR

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Sushko E. Yu.

2014-12-01

Full Text Available The rapid sophistication of the Russian financial system inevitably leads not only to the emergence of great opportunities for the development of the financial sector, as expressed in the opening of the new financial institutions or new financial products and services, but also a huge financial risks for companies of this sector, as expressed in the increase of population’s debts and the decline of trust in the financial sector. That is why special tools used in making management decisions about the development of the financial sector in a particular region acquires greater significance. On the basis of statistical data over the Volgograd region the author developed the model of initial attractiveness estimation of an area for business entities, reflecting the level of financial literacy and using the data from open sources of information. The article provides a brief introduction to the development of the methodology: from a theoretical substantiation of the original list of variables for analysis up to determine the regression equation. Obtained regression model can be used by entrepreneurs in case of expansion of their financial business to new areas and by regional governance whose aim is to increase the level of financial literacy.

Correlation Assessment of Tax System Risk and Profitability in the Russian Regions

Directory of Open Access Journals (Sweden)

Marina Yuryevna Malkina

2015-09-01

Full Text Available The subject of the article is the risk, returnm and efficiency of the tax systems in the regions of the Russian Federation. Research methods: deflating GRP and tax revenues at regional level; calculating the standard deviations; G. Markowitz portfolio approach; W. Sharpe ratio calculating; correlation and regression analysis. Results obtained: 1 comparative risk profile of various taxes and their groups in the Russian Federation; 2 clustering the Russian regions in terms of risk and return of tax systems; 3 regression between the risk of regional tax systems, relative scale of regional economics and tax return based on panel data of the Russian regions in 2006-2012; 4 ranking of the RF regions on the effectiveness of their tax systems, estimated by W. Sharpe ratio. In the paper, the authors have concluded: 1 all taxes (tax group collected in the Russian regions demonstrate a positive statistical relationship between return and risk, but with different correlation; 2 the risk of regional tax system depends on the structure of tax revenues in given region, the risks of collected taxes and the covariance of different taxes revenues to each other, and joint effect of these factors is estimated by means of portfolio approach by G. Markowitz; 3 the correlation between return and risk of the tax systems of the subjects of Russian Federation considering the scale of regional economics accounts for 75 %; 4 the risk of the Russian tax system is significantly provided by 19 major high-risk regions with more than 65 share in the total state tax revenues; 5 the effectiveness of regional tax systems estimated by the Sharpe ratio depends on both the objective and subjective factors affecting the yield and volatility of tax revenues in a region. Obtained results can be used by researchers in further dynamic and comparative analysis of regional tax systems’ risk and return, as well as in identifying the reserves for increasing the regional tax policy

IMPROVING FINANCIAL ANALYSIS OF ORGANIZATIONS IN ORDER TO PREVENT THEIR INSOLVENCY

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V. N. Alferov

2012-01-01

Full Text Available The current regulatory analysis of the financial condition of insolvent organizations have some disadvantages also does not account the features of the analysis based on the consolidated financial statements under IFRS and GAAP. In this work on the basis of the comparative analysis of financial condition of a number of large Russian companies, calculated on their accounting statements prepared under Russian accounting standards, IFRS and GAAP, proposals are developed to improve the analysis of financial condition of insolvent institutions.

IMPROVING FINANCIAL ANALYSIS OF ORGANIZATIONS IN ORDER TO PREVENT THEIR INSOLVENCY

Directory of Open Access Journals (Sweden)

V. N. Alferov

2013-01-01

Full Text Available The current regulatory analysis of the financial condition of insolvent organizations have some disadvantages also does not account the features of the analysis based on the consolidated financial statements under IFRS and GAAP. In this work on the basis of the comparative analysis of financial condition of a number of large Russian companies, calculated on their accounting statements prepared under Russian accounting standards, IFRS and GAAP, proposals are developed to improve the analysis of financial condition of insolvent institutions.

A financial network perspective of financial institutions' systemic risk contributions

Science.gov (United States)

Huang, Wei-Qiang; Zhuang, Xin-Tian; Yao, Shuang; Uryasev, Stan

2016-08-01

This study considers the effects of the financial institutions' local topology structure in the financial network on their systemic risk contribution using data from the Chinese stock market. We first measure the systemic risk contribution with the Conditional Value-at-Risk (CoVaR) which is estimated by applying dynamic conditional correlation multivariate GARCH model (DCC-MVGARCH). Financial networks are constructed from dynamic conditional correlations (DCC) with graph filtering method of minimum spanning trees (MSTs). Then we investigate dynamics of systemic risk contributions of financial institution. Also we study dynamics of financial institution's local topology structure in the financial network. Finally, we analyze the quantitative relationships between the local topology structure and systemic risk contribution with panel data regression analysis. We find that financial institutions with greater node strength, larger node betweenness centrality, larger node closeness centrality and larger node clustering coefficient tend to be associated with larger systemic risk contributions.

Financial Economy and Financial System: Basis of Structural Interconnection

OpenAIRE

Khorosheva Olena I.

2014-01-01

The goal of the article lies in identification of grounds of interconnection of the financial economy and financial system. The study was conducted with consideration of main provisions of the theory of finance and concept of financial economy, which is a set of means used in the process of reproduction of finance by their owner for formation and / or maintenance of the own system of values in the viable state. For the first time ever the structure of the financial system is identified as an ...

Cyber Threats for Organizations of Financial Market Infrastructures

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Natalia Georgievna Miloslavskaya

2016-03-01

Full Text Available Abstract: In the global informatization era the reliable and efficient financial market infrastructure of the Russian Federation (RF FMI plays an important role in the financial system and economy of the country. New cyber risks have acquired the status of the FR FMI systemic risk’s components, the importance of which is constantly growing due to the increase in the possible consequences of their implementation. The article introduces the basic concepts of cyber security, cyber space and cyber threats for the RF FMI and analyzes the specific features of cyber attacks against the RF FMI organizations.

Morocco; Financial System Stability Assessment

OpenAIRE

International Monetary Fund

2003-01-01

The Financial System Stability Assessment of Morocco reviews the reform program that is aimed at establishing a modern, market-oriented financial system that optimizes the mobilization of savings and the allocation of financial resources. It reviews the modernization of the banking sector and the development of competition within the sector, development of financial markets, and removal of constraints on financial system activity. It also provides reports on the Observance of Standards and Co...

FEATURES OF PERFECT AND IMPERFECT RESERVES AND RESERVE FUNDS WITHIN THE FEDERAL BUDGET OF THE RUSSIAN FEDERATION

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Tatyana P. Lomakina

2018-03-01

Full Text Available During the past two years (2016–2017, the mass media was engaged in tense discussion about the status and flow of funds within the two reserves – the Reserve Fund of the Russian Federation and the National Welfare Fund. The Reserve Fund of the Russian Federation aroused especial worries among the experts. Its funds rapidly declined and by December 2017 they were fully used to cover the deficit of the domestic budget. In accordance with the law “On Amendments to the Budget Code of the Russian Federation in the Use of Oil and Gas Revenues of the Federal Budget,” from February 1, 2018, the Reserve Fund of the Russian Federation will cease to exist. For financial theory, this fact can serve as an illustration of the process of forming the foundations of budgetary financial security, their change over time, circumstances and options the government can take to modify them. At the same time, there are other types of financial resources within the federal budget. Their diversity necessitates their classification in order to identify groups and types with similar characteristics. However, in financial theory, many types of reserves are not described in detail, and some are not described at all. This article introduces the concepts of “perfect” and “imperfect” reserves, for their characterization as part of the federal budget. The Russian Reserve Fund and the National Welfare Fund (Sovereign Funds are the examples of perfect financial reserves. Imperfect reserves comprise a large group of reserve funds that are included in the federal budget, for example, the Reserve Fund of the President of the Russian Federation and the Reserve Fund of the Government of the Russian Federation, the Reserve Fund of the Government of the Russian Federation for the prevention and control of emergencies and impact of natural disasters. The introduction of new typological features largely clarifies the situation with increased attention to one type of reserves

INVESTMENTS AS A FACTOR OF STABILITY OF THE RUSSIAN HEALTHCARE SYSTEM

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Lyudmila Valentinovna Tokun

2016-01-01

Full Text Available In this article the author examines the structure of public expenditure on health in Russia and analyzes the adequacy of the investments in the health system. Goal / Objectives. The aim of this article is to analyze the expenses of the project “Development strategy of the Russian healthcare system for the long-term period 2015–2030”. The main objectives of this article are the definition of the technical condition of the buildings and improvement of health facilities, evaluation of the value of fixed assets in the healthcare and medical equipment depreciation, evaluation of tariff s in the compulsory health insurance system. Methodology. the method of comparative analysis of 10 past years indicators is used in this article Results. From 2005 to 2014 healthcare expenditures have increased 3 times, which is comparable to GDP growth. In the same period, investments in health have increased by 2 times. The main increase in expenditures occurred in the wages. These trends may indicate a lack of attention in relation to fixed assets. In relation to the renovation and the depreciation factor, rate of growth and the level of investment cast doubt on the adequacy and sustainability of the healthcare’s material basis for the provision of necessary medical assistance. It is required to calculate the standard, which includes continuous updating of fixed assets based on the each region of RF, depending on the regional characteristics and the structure of fixed assets. Conclusions / Significance. The study concluded that at the moment the size of the annual investment in health by the federal and regional budgets do not meet the needs of even simple reproduction, not to mention the modernization and development. Planning budget investment requirements can be carried out based on a special standard ratio, which takes into account the volume, composition and structure of fixed assets. Financial stability of the Russian healthcare depends not only on

DEFINITION AND CHOICE OF FINANCIAL STRATEGY OF CORPORATION

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V. S. Michel

2015-01-01

Full Text Available The current stage of economic development of theRussian Federationmakes the question of the analysis of the financial condition of corporations, as well as the development of their financial strategy. This is due to a large share of unprofitable enterprises in theRussian Federation, as well as low levels of liquidity and autonomy. Given that the financial condition of the company depends largely on the success of its activities, the analysis of the financial condition of the company paid much attention. Pledge of survival and the foundation stability of enterprises and organizations in a market economy is financial stability. Financial stability of the company is able to manipulate the funds to ensure the sustainability of production and sales through effective use, and to minimize the cost of its expansion and renovation. View of this article is devoted to the most important task of strategic management, namely the identification and selection of effective financial strategy of the corporation. 

MANAGEMENT OF ECONOMIC AND FINANCIAL STRATEGY INDUSTRIAL CORPORATION

Directory of Open Access Journals (Sweden)

K. B. Dobrova

2010-01-01

Full Text Available Issues related to creation of tools making it possible to efficiently control financial and economic production capability of industrial corporations making part of Russian military-industrial complex are discussed on example of an aviation enterprise. A system of balanced indicators is proposed to be used to develop corporation’s adaptive management strategies.

Terms of trade and Russian economic development

Directory of Open Access Journals (Sweden)

Georgy Idrisov

2016-09-01

Full Text Available The paper discusses economic development trends in Russia in late 2014 and 2015 and reviews the basic mechanisms of how changes in the terms of trade affect the economic development of countries from a historical perspective and with a particular focus on those changes in the Russian economy that occurred in late 2014 and 2015. The authors demonstrate that structural reforms aimed at diversification of production and exports are necessary for sustainable economic development, for social stability and for reducing the impact of variability in the terms of trade on the Russian economy. During periods of instability in the government agenda's measures for the real and financial sectors, it is necessary not only to compensate economic agents losses caused by changes in the terms of trade but also to improve the economic structure and to develop and enhance the stability of the financial markets.

The pitfalls of differentiation in the financing of Russian universities

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Irina V. Abankina

2016-01-01

Full Text Available Objective to identify the causes and consequences of the increasing stratification of higher educational institutions by the volumes and sources of financing as well as by the areas of training. Methods during the research we used methods of statistical and economic analysis of the results of the universitiesrsquo activities. Using econometric models the relationships were estimated of the resource base of higher education industrial and economic potential of Russian regions an empirical analysis of factors influencing the increasing public demand for higher education was conducted. Results the trends of structural changes in the demand for higher education in Russia during the period from 2001 to 2014 were described the regional differentiation of financial provision of higher educational institutions in the transition to effective contract work was evaluated. The major risks were identified associated with the structural mismatch of the demand for higher education from families and the offer of admission quotas for the budgetfunded education with increasing regional differentiation which provokes the separation of the Russian universities by the volumes and sources of financial provision with high commitments to increase the salaries of the teaching staff leading to a shortage of funds for maintenance of the property complex and ensuring of the educational process which jeopardizes the quality of educational programsrsquo implementation. Scientific novelty basing on the empirical analysis using econometric models the tendencies are identified of structural changes in the demand for higher education in the Russian regions the impact is assessed of the economic crisis and the payable demand of families on the financial provision of universities risks are identified and justified in the differentiation of Russian universitiesrsquo financing. Practical significance the main provisions and conclusions of the article can be used by experts in the

Western Option - Disarmament of Russian Weapon Plutonium

International Nuclear Information System (INIS)

Tveiten, B.; Petroll, M.R.

2002-01-01

The Western Option concept describes an approach to the conversion of weapon-grade plutonium from Russian nuclear warheads under the special aspects of meeting the criteria of irreversible utilization. Putting this concept of plutonium conversion into non-weapon-grade material into effect would make a major contribution to improving security worldwide. This study is based on an agreement between the Russian Federation and the United States of America concluded in September 2000. It provides for the conversion of 34 t of weapon-grade plutonium in each of the two states. This goal is also supported by other G8 countries. While the United States performs its part of the agreement under its sole national responsibility, the Russian program needs financial support by Western states. Expert groups have pointed out several options as a so-called basic scenario. The funds of approx. US Dollar 2 billion required to put them into effect have not so far been raised. The Western Option approach described in this contribution combines results of the basic scenario with other existing experience and with technical solutions available for plutonium conversion. One of the attractions of the Western Option lies in its financial advantages, which are estimated to amount to approx. US Dollar 1 billion. (orig.) [de

The Russian oil

International Nuclear Information System (INIS)

Rucker, Laurent

2003-01-01

This article proposes a brief discussion of various assessments of Russian oil reserves, of the evolutions of Russian oil production (Russia is the second world producer after Saudi Arabia), of the distribution of Russian oil exports among various regions, and of the decrease of Russian oil consumption between 1992 and 2002. It describes the evolution of the actor system as the oil sector has been largely privatised since 1992, and indicates the main companies which should control the Russia market on a medium term. It also discusses the obstacles for the development of Production Sharing Agreements (PSA) between these companies. It addresses the issue of modernisation of the oil transport system as its status and its condition are often an obstacle to oil export for Russian companies. The article finally discusses the price issue, the relationship between Russia and other OPEC countries, and the need for huge investments

Russian eruption warning systems for aviation

Science.gov (United States)

Neal, C.; Girina, O.; Senyukov, S.; Rybin, A.; Osiensky, J.; Izbekov, P.; Ferguson, G.

2009-01-01

More than 65 potentially active volcanoes on the Kamchatka Peninsula and the Kurile Islands pose a substantial threat to aircraft on the Northern Pacific (NOPAC), Russian Trans-East (RTE), and Pacific Organized Track System (PACOTS) air routes. The Kamchatka Volcanic Eruption Response Team (KVERT) monitors and reports on volcanic hazards to aviation for Kamchatka and the north Kuriles. KVERT scientists utilize real-time seismic data, daily satellite views of the region, real-time video, and pilot and field reports of activity to track and alert the aviation industry of hazardous activity. Most Kurile Island volcanoes are monitored by the Sakhalin Volcanic Eruption Response Team (SVERT) based in Yuzhno-Sakhalinsk. SVERT uses daily moderate resolution imaging spectroradiometer (MODIS) satellite images to look for volcanic activity along this 1,250-km chain of islands. Neither operation is staffed 24 h per day. In addition, the vast majority of Russian volcanoes are not monitored seismically in real-time. Other challenges include multiple time-zones and language differences that hamper communication among volcanologists and meteorologists in the US, Japan, and Russia who share the responsibility to issue official warnings. Rapid, consistent verification of explosive eruptions and determination of cloud heights remain significant technical challenges. Despite these difficulties, in more than a decade of frequent eruptive activity in Kamchatka and the northern Kuriles, no damaging encounters with volcanic ash from Russian eruptions have been recorded. ?? Springer Science+Business Media B.V. 2009.

Application of the Financial Industry Business Ontology (FIBO) for development of a financial organization ontology

Science.gov (United States)

Petrova, G. G.; Tuzovsky, A. F.; Aksenova, N. V.

2017-01-01

The article considers an approach to a formalized description and meaning harmonization for financial terms and means of semantic modeling. Ontologies for the semantic models are described with the help of special languages developed for the Semantic Web. Results of FIBO application to solution of different tasks in the Russian financial sector are given.

Russia’s Financial Markets and Financial Institutions in 2012

OpenAIRE

Andrei Alaev; Arseny Mamedov; Vladimir Nazarov

2013-01-01

This paper deals with the issue of intergovernmental fiscal relations and subnational finances in Russia. The authors focus on the issue of subnational budgets in 2012, financial support from the federal budget. The point out to how the federal authorities stimulate the constitutent territories on the Russian Federation.

ECONOMIC-LAW COLLISIONS IN FINANCIAL MARKETS RESEARCH

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S. Naumenkova

2013-11-01

Full Text Available In the article different approaches in interpretation of the notion “financial market” itself, in investigating its functions and instruments are analyzed. The author shows specific usage of particular instruments of financial markets in different countries, draws a conclusion about growth of significance of instrumental structure of financial market for the Russian Federation.

The Use of Migrant Labour — Threat or Advantage for Russian Economical Development?

Directory of Open Access Journals (Sweden)

Viktoria Aleksandrovna Koretskaya-Garmash

2016-06-01

Full Text Available The article is devoted to a relevant problem of labour migration, the potentially possible threats and advantages of attracting and using of foreign migrant labour in the framework of the Russian economy are considered. The purpose of this work is to establish the how the migration processes influence over the current state of the Russian economy, and whether it is possible to meet the demand in the labour force by attracting labour migrants. The research method is the analysis of the statistical indicators of the Russian regions’ development, of demographic, migratory and financial situations in the Russian Federation. The results of the study are presented in the form of a quantitative assessment of the potential threats to the internal market due to the use of external migrant labour, which has already led to the Russian economic disruption, the devaluation of the Russian ruble, the growth of current account deficit, the load on the pension system of Russia. Therefore, we must not forget the positive aspects — rejuvenation of the age composition of the population, occupation of vacant jobs by the workers in the disadvantaged Russian regions, the increasing size of tax revenues to the Russian budget system by filing patents on employment activity. The presented results of the study can be used by public authorities in the migration policy, labour and social work for the development of the state programme stimulating internal and external migrants for employment in the regions with a shortage of manpower. The conducted research allows to define the relationship between labour migrants and economic activity of local population, to characterize the reasons of external labour migration and to analyse the consequences of migration for the host country

Financial stability of banking system in China

OpenAIRE

Jiang, B

2014-01-01

This thesis aims at investigating the financial stability of China's banking system. Since the banking system is one of the most important financial intermediaries in the financial systems, the financial soundness of banks could secure the stability of the whole financial system. Two of the factors that may significantly increase imbalance of the banking system, and hence affect financial stability of an economy is the accumulated non-performing loans of banks and the macro-economic turbulenc...

Financial regulation and financial system architecture in Central Europe

NARCIS (Netherlands)

Scholtens, B

At the beginning of the transition, advice to Central European countries with respect to how to set up their financial systems was based on models used in western economies. This paper analyzes the experiences to set up a financial system in Central Europe. The experience in the first transition

System Design of the SWRL Financial System.

Science.gov (United States)

Ikeda, Masumi

To produce various management and accounting reports in order to maintain control of SWRL (Southwest Regional Laboratory) operational and financial activities, a computer-based SWRL financial system was developed. The system design is outlined, and various types of system inputs described. The kinds of management and accounting reports generated…

Can Western quality improvement methods transform the Russian health care system?

Science.gov (United States)

Tillinghast, S J

1998-05-01

The Russian health care system largely remains the same system that was in place during the existence of the Soviet Union. It is almost entirely state owned and operated, although ownership and management have developed from the central government to the oblast (province). The ZdravReform (Health Reform) Program (ZRP) in Russia, which began in 1993, included the goal of improving the quality and cost-effectiveness of the health care system. Work on introducing continuous quality improvement (CQI), evidence-based practice guidelines, and indicators of quality was conducted in 1995-1996. INTRODUCING EVIDENCE-BASED MEDICINE: As a result of the poor quality of Russian-language medical journals and the inability to gain access to the knowledge available in Western medical literature, Russian medical practices have not kept up with the rapid evolution of evidence-based medical practice that has begun transforming Western medicine. A number of evidence-based clinical practice guidelines were translated and disseminated to Russian-speaking physicians working in facilities participating in ZRP in Russia and Central Asia. Given the limitations of existing measures of the quality of care, indicators were developed for participating ambulatory polyclinics in several oblasts in Siberia. Russian physicians responsible for quality of care for their respective oblasts formed a working group to develop the indicators. A clinical information system that would provide automated collection and analysis of the indicator data-as well as additional patient record information-was also developed. CQI activities, entailing a multidisciplinary, participatory team approach, were conducted in four oblasts in western Siberia. Projects addressed the management of community-acquired pneumonia and reduction of length of stay after myocardial infarction (MI). One of the oblasts provided an example of a home-grown evidence-based protocol for post-MI care, which was adopted in the other three oblasts

Criminal and Legal Tax System Protection of the Russian Federation and the Ukraine

Directory of Open Access Journals (Sweden)

Stepanenko D. Yu.

2013-10-01

Full Text Available The comparative law analysis of criminal law protection of the tax system of the Russian Federation and the Ukraine is presented in the article; some recommendations for improvement of the Russian and Ukrainian criminal legislations have been formulated on this basis as well

20 CFR 632.32 - Financial management systems.

Science.gov (United States)

2010-04-01

... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Financial management systems. 632.32 Section... Financial management systems. (a) Each Native American grantee, subgrantee and contractor shall maintain a financial management system which will provide accurate, current and complete disclosure of the financial...

Ukrainian-Russian Mixed Speech “Suržyk” within the System of Ukrainian and Russian Interaction

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Salvatore Del Gaudio

2015-12-01

Full Text Available The question of different forms of real and/or presumed mixed speech, a consequence of the interaction between Ukrainian and Russian and widely known as “Suržyk,” remains central in much of contemporary Ukrainian and, more widely, East Slavic sociolinguistic and language contact research. This article pursues a twofold aim: first, I intend to reaffirm my personal hypothesis on the formation process of this mixed speech, which has at times been cited without attribution in the scholarly literature. Second, the paper aims to examine the functioning of Ukrainian-Russian Suržyk within a broader sociolinguistic framework that takes into account other forms of language interaction. Ukrainian-Russian mixed speech in fact has to be assessed and separated from other factors, such as the Ukrainian variety of Russian, dialects, etc. This approach has rarely been applied in previous studies on the topic. The role played by current language ideology is a further essential aspect in establishing which language elements should be attributed to Ukrainian-Russian Suržik. This undoubtedly affects the average speaker’s judgment about the degree of authenticity of Ukrainian forms. One can note a tendency to restrict the synonymic potential of Ukrainian in favor of lexemes and constructions that are dissimilar to Russian. This situation tends to alter the language consciousness of younger generations of Ukrainian speakers, who are likely to perceive as Russian (and therefore part of the Ukrainian-Russian mix elements that are in fact authentic Ukrainian speech elements. These and other related aspects will be the object of my discussion.

Reconstruction of Nanoindustry Institutes in the Russian Federation in the Unfavorable Global Environment

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Oleg Vasilyevich Inshakov

2015-12-01

Full Text Available Nanoindustry evolution is caused by the global extension of new technological mode, which requires the construction of effective institutes and mechanisms of regulating its subjects’ relations. In the conditions of unfavorable external environment and unsolved internal problems of Russian nanoindustry development, not only the role of basic nanoindustrialization institutes increases, but the problem of reconstructing their activity and prospective updating of institutions arises. Regardless of level and scale, forms and content, the institutional reconstruction will become a part of a rapid response to external changes and a component of strategic programming of Russian nanoindustry. The Russian government acted as a main institute of national nanoindustry development and support. New special-purpose/universal, financial/nonfinancial, formal/informal institutes, which make up the structure of target investment and resource supply of nanoindustry at various stages of its formation, become active agents of state policy in this sphere. This institutional system should reflect the level and type structure of nanoindustry, corresponding to its strategic perspective. An important role in overcoming negative trends in nanoindustry now belongs not to formal and corporate development institutes but to associative, initiative and complementary ones partially replacing the state as its substitutes. The authors describe the options of international financial funds and integration-type institutes’ reconstruction for Russian nanoindustry in current situation. The feasibility of orienting the construction of nanoindustry institutes to basic relationships of its subjects that ensures their relevance and effectiveness, is argued. The authors’ version of nanoindustry institutes classification is suggested for applying as a testing analyzer of institutes functioning in order to determine their reconstruction directions, identify and supplement missing links

7 CFR 249.11 - Financial management system.

Science.gov (United States)

2010-01-01

... 7 Agriculture 4 2010-01-01 2010-01-01 false Financial management system. 249.11 Section 249.11... § 249.11 Financial management system. (a) Disclosure of expenditures. The State agency must maintain a financial management system that provides accurate, current and complete disclosure of the financial status...

7 CFR 248.11 - Financial management system.

Science.gov (United States)

2010-01-01

... 7 Agriculture 4 2010-01-01 2010-01-01 false Financial management system. 248.11 Section 248.11... § 248.11 Financial management system. (a) Disclosure of expenditures. The State agency shall maintain a financial management system which provides accurate, current and complete disclosure of the financial status...

Threats to financial system security

Energy Technology Data Exchange (ETDEWEB)

McGovern, D.E.

1997-06-01

The financial system in the United States is slowly migrating from the bricks and mortar of banks on the city square to branch banks, ATM`s, and now direct linkage through computers to the home. Much work has been devoted to the security problems inherent in protecting property and people. The impact of attacks on the information aspects of the financial system has, however, received less attention. Awareness is raised through publicized events such as the junk bond fraud perpetrated by Milken or gross mismanagement in the failure of the Barings Bank through unsupervised trading activities by Leeson in Singapore. These events, although seemingly large (financial losses may be on the order of several billion dollars), are but small contributors to the estimated $114 billion loss to all types of financial fraud in 1993. Most of the losses can be traced to the contribution of many small attacks perpetrated against a variety of vulnerable components and systems. This paper explores the magnitude of these financial system losses and identifies new areas for security to be applied to high consequence events.

Has Banks’ Financial Intermediation Improved in Russia?

OpenAIRE

Fungachova, Z.; Solanko, L.

2010-01-01

The aim of this paper is to analyze the increasing importance of banks in the Russian economy over the period following the financial crisis of 1998. We use several measures to assess the role of banks in domestic financial intermediation in Russia. The traditional macro-level view is complemented by the analysis of sectoral financial flows as well as by insights from micro-level studies. All of these confirm that banks are becoming increasingly important in financial intermediation. We find ...

The notion and content of financial system in the context of financial law of Ukraine

OpenAIRE

Viktor Chernadchuk; Viktor Sukhonos; Inna Shkolnyk

2017-01-01

The financial system of the advanced countries develops according to two basic models – a bank-based system and a market-based system, depending on the level of protection of the rights of owners, investors and lenders. A paradigm shift in functioning of global financial system and financial systems of all countries is based on financial law, which formalizes all financial relations. Reviewing the financial system of Ukraine, the researchers pay a special attention to public finance due to it...

MANAGEMENT OF FINANCIAL STABILITY OF ENTERPRISES

Directory of Open Access Journals (Sweden)

Vladimir P. Bogko

2013-01-01

Full Text Available The priorities for improving the management of the enterprises financial stability in the current context are considered in the article. The scientifically based proposals for developing methodological foundations and tools of such management are developed. The implementation of these proposals allows to reduce financial risks of an enterprise in the terms of unsustainable development of Russian economy.

Gazprom: internal structure, management principles and financial flows

International Nuclear Information System (INIS)

Kryukov, Valery; Moe, Arild.

1996-01-01

Gazprom is responsible for over 95% of total Russian natural gas production and is one of the largest companies in the world. As well as being of major importance in the Russian domestic energy balance, it is also the largest gas trader in the world, supplying about half the gas imported into western and east-central Europe. The scale of these external activities means that the terms on which it supplies gas to its customers will have an impact on business beyond the gas industry. This study investigates the roots of the company and analyses its current organisation, management structure and financial flows. The main topics covered are: the Russian gas industry in the Soviet era; the organisational structure of Gazprom after privatisation; pricing policy; the company's financial position; Gazprom in relation to the domestic economy and the outside world. (9 figures; 7 tables). (author)

Morocco; Financial System Stability Assessment: Update

OpenAIRE

International Monetary Fund

2008-01-01

This paper presents an update to the Financial System Stability Assessment on Morocco. Major reforms have been achieved since the 2002 Financial Sector Assessment Program (FSAP) within a policy of actively promoting economic and financial sector opening. The 2002 FSAP recommendations have been largely implemented. Although the financial system is stable and considerably more robust than in the past, the liberalization of capital flows and increased exchange rate flexibility present challenges...

Future of European Financial Supervision, Towards a European System of Financial Supervisors

NARCIS (Netherlands)

Arons, T.M.C.

The 2008 financial crisis made clear the shortcomings in the European structure of financial supervision. In the cur­rent system of financial supervision the financial supervi­sor of the home Member State is in principle the only autho­rity entitled to supervise financial institutions even in case

The Accessibility of Higher Education in the Russian Regions

Science.gov (United States)

Gromov, A. D.; Platonova, D. P.; Semyonov, D. S.; Pyrova, T. L.

2017-01-01

This article provides a comparative analysis of accessibility of higher education across Russian regions in terms of the following three factors: the availability of admission opportunities; financial affordability; and geographic accessibility. The study will be of interest to government agencies in higher education at various levels, analysts…

Preliminary System Design of the SWRL Financial System.

Science.gov (United States)

Ikeda, Masumi

The preliminary system design of the computer-based Southwest Regional Laboratory's (SWRL) Financial System is outlined. The system is designed to produce various management and accounting reports needed to maintain control of SWRL operational and financial activities. Included in the document are descriptions of the various types of system…

The Architecture of Financial Risk Management Systems

Directory of Open Access Journals (Sweden)

Iosif ZIMAN

2013-01-01

Full Text Available The architecture of systems dedicated to risk management is probably one of the more complex tasks to tackle in the world of finance. Financial risk has been at the center of attention since the explosive growth of financial markets and even more so after the 2008 financial crisis. At multiple levels, financial companies, financial regulatory bodies, governments and cross-national regulatory bodies, all have put the subject of financial risk in particular and the way it is calculated, managed, reported and monitored under intense scrutiny. As a result the technology underpinnings which support the implementation of financial risk systems has evolved considerably and has become one of the most complex areas involving systems and technology in the context of the financial industry. We present the main paradigms, require-ments and design considerations when undertaking the implementation of risk system and give examples of user requirements, sample product coverage and performance parameters.

The new start for Russian-African relations

Directory of Open Access Journals (Sweden)

Evgeniy Nikolaevich Korendyasov

2016-12-01

Full Text Available Russia's return to Africa is widely discussed in the Russian and foreign scientific and expert circles, on the pages of newspapers and magazines. This covers a broad range of problems of country, regional and global scale, put forward and voiced conflicting estimates and judgments. Abroad, actively promoted the interpretation of the “return” of Russia to the continent as a new direction of neo-imperial ambitions of the new Russia and its aspirations to weaken the position of the West, “golden” its image in the developing countries, in the eyes of Africans. Author analyzes the impact of the emerging political, economic and social realities of the XXI century on the development prospects of the African continent in general, and on the Russian-African relations in particular. The author concludes that the increase in the weight and role of the continent in world politics and economy today requires a rethinking of the Russian approaches to the problems of scale Russian-African partnership and the formation of its long-term vision, building on the existing political, diplomatic and investment and the country's financial resources. The new dynamics of Russian-African relations is connected, first of all, with the development of partnerships in those areas where Russia has competitive potential, production capacities, high competence and experience. Including the development of natural resources, nuclear power and hydropower, military-technical cooperation, the establishment of satellite information and communication systems, cooperation in the sphere of education, health, the fight against epidemics, natural catastrophes. Russia is confident enough to overcome the deep recession of relations with Africa, recorded in the late 80's and 90-ies of XX century. However, it would be premature to claim that full-blooded “return” of Russia to the continent has already taken place. Scaling up comprehensive cooperation will depend, first, on the

7 CFR 246.13 - Financial management system.

Science.gov (United States)

2010-01-01

... 7 Agriculture 4 2010-01-01 2010-01-01 false Financial management system. 246.13 Section 246.13... State Agency Provisions § 246.13 Financial management system. (a) Disclosure of expenditures. The State agency shall maintain a financial management system which provides accurate, current and complete...

14 CFR 152.303 - Financial management system.

Science.gov (United States)

2010-01-01

... 14 Aeronautics and Space 3 2010-01-01 2010-01-01 false Financial management system. 152.303... (CONTINUED) AIRPORTS AIRPORT AID PROGRAM Accounting and Reporting Requirements § 152.303 Financial management system. Each sponsor or planning agency shall establish and maintain a financial management system that...

Regional Inflation and Financial Dollarization

NARCIS (Netherlands)

Brown, M.; de Haas, R.; Sokolov, V.

2013-01-01

Abstract: We exploit variation in consumer price inflation across 71 Russian regions to examine the relationship between the perceived stability of the local currency and financial dollarization. Our results show that regions with higher inflation experience an increase in the dollarization of

Financial Information Systems Officer | IDRC - International ...

International Development Research Centre (IDRC) Digital Library (Canada)

Job Summary The Financial Systems Information Officer provides end-user training in ... administration concepts such as sales tax implications, bookkeeping entries, etc. ... Oracle functionality to optimize corporate use of the financial system.

Investment process financing in Russian business: assessment, trends, problems

Directory of Open Access Journals (Sweden)

Lyudmila Aleksandrovna Kormishkina

2014-07-01

Full Text Available In modern conditions the provision of investment process financing is the most important task of state economic policy aimed at achieving sustainable growth and dynamic development of the Russian economy in general. This problem solution requires further theoretical consideration and development of appropriate methodological, methodical and practical recommendations. Financing of investment activity development should be based on the systemic approach, which considers this process as an element of the financial support system of the state innovation development. It is necessary to conduct research in order to expand the financial component of this support, encourage the investment process development, enhance financial relations in the sphere of forming and using the intellectual property objects and develop a complex of measures to study the innovations implementation possibilities. Although economic science pays a lot of attention to various aspects of the issue, there is currently no research work, devoted to the study of sources of the investment process financing. Development of methodical and practical recommendations to establish the system of its financing, taking into account modern world economic trends is required. The authors have revealed the enterprises’ general economic profit while promoting sustainable economic growth by means of provision of financial resources for it. The closeness of the relationship is calculated on the basis of regression models that characterize the sectoral distribution of gross profit. The correlation-regression analysis has helped to assess the influence of the main sources of the RF fixed assets on the investment index. The economic nature of the sources determines its value and dynamics

Russian Federation Financial Sector Assessment Program : Insurance Core Principles Assessment

OpenAIRE

World Bank; International Monetary Fund

2016-01-01

With about RUB 988bn (USD 26bn) in gross premium written, in 2014, the Russian insurance industry ranked 27th in the world. Non-life insurance premium accounted for 89 percent of GPW while life insurance for only 11 percent. In 2015, the industry also faced with the consequences of the Western economic sanctions which effectively closed access to the high quality Western reinsurance capaci...

Model of the Russian Federation Construction Innovation System: An Integrated Participatory Systems Approach

OpenAIRE

Emiliya Suprun; Oz Sahin; Rodney A. Stewart; Kriengsak Panuwatwanich

2016-01-01

This research integrates systemic and participatory techniques to model the Russian Federation construction innovation system. Understanding this complex construction innovation system and determining the best levers for enhancing it require the dynamic modelling of a number of factors, such as flows of resources and activities, policies, uncertainty and time. To build the foundations for such a dynamic model, the employed study method utilised an integrated stakeholder-based participatory ap...

Forecasting systemic impact in financial networks

NARCIS (Netherlands)

Hautsch, N.; Schaumburg, J.; Schienle, M.

2014-01-01

We propose a methodology for forecasting the systemic impact of financial institutions in interconnected systems. Utilizing a five-year sample including the 2008/9 financial crisis, we demonstrate how the approach can be used for the timely systemic risk monitoring of large European banks and

Health-systems efficiency in the Russian Federation: tuberculosis control.

Science.gov (United States)

Floyd, Katherine; Hutubessy, Raymond; Samyshkin, Yevgeniy; Korobitsyn, Alexei; Fedorin, Ivan; Volchenkov, Gregory; Kazeonny, Boris; Coker, Richard; Drobniewski, Francis; Jakubowiak, Wieslaw; Shilova, Margarita; Atun, Rifat A.

2006-01-01

OBJECTIVE: To conduct a comprehensive assessment of the case-mix of patients admitted to tuberculosis hospitals and the reasons for their admission in four Russian regions: Ivanovo, Orel, Samara and Vladimir. We also sought to quantify the extent to which efficiency could be improved by reducing hospitalization rates and re-profiling hospital beds available in the tuberculosis-control system. METHODS: We used a standard questionnaire to determine how beds were being used and who was using the beds in tuberculosis facilities in four Russian regions. Data were collected to determine how 4306 tuberculosis beds were utilized as well as on the socioeconomic and demographic indicators, clinical parameters and reasons for hospitalization for 3352 patients. FINDINGS: Of the 3352 patients surveyed about 70% were male; the average age was 40; and rates of unemployment, disability and alcohol misuse were high. About one-third of beds were occupied by smear-positive or culture-positive tuberculosis patients; 20% were occupied by tuberculosis patients who were smear-negative and/or culture-negative; 20% were occupied by patients who no longer had tuberculosis; and 20% were unoccupied. If clinical and public health admission criteria were applied then < 50% of admissions would be justified and < 50% of the current number of beds would be required. Up to 85% of admissions and beds were deemed to be necessary when social problems and poor access to outpatient care were considered along with clinical and public health admission criteria. CONCLUSION: Much of the Russian Federation's large tuberculosis hospital infrastructure is unnecessary when clinical and public health criteria are used, but the large hospital infrastructure within the tuberculosis-control system has an important social support function. Improving the efficiency of the system will require the reform of health-system norms and regulations as they relate to resource allocation and clinical care and implementation of

GRANT FINANCIAL SYSTEM REQUIREMENTS; Checklist for Reviewing Systems Under the Federal Financial Management Improvement Act

National Research Council Canada - National Science Library

2001-01-01

...) of 1996, issued September 9, 1997. JFMIP intends for the requirements to promote understanding of key financial management systems concepts and requirements, to provide a framework for establishing integrated financial management...

Unknown Russian giant

International Nuclear Information System (INIS)

Ross, Priscilla.

1996-01-01

The present position and future potential of the Russian oil company Tatneft are assessed. Tatneft, the eighteenth largest oil company in the world, has 85 oil fields and over 20,700 production wells. In 1995, it increased its production by 6% to 504,000bpd and its crude oil exports outside Russia were 213,000bpd. The company forms the basis of the oil industry in the semi-autonomous republic of Tatarstan. Tafneft became a joint stock company in May 1994 with the government of Tatarstan as the largest shareholder with a 46% stake. Although Tafneft produces far more crude than Conoco or YPF, its market capitalisation per barrel of production is only 5% of these companies. Its long-term future lies in successfully increasing production and enhancing financial performance. The former is being addressed through enhanced oil recovery methods and various joint ventures are being entered into with western partners in order to tap foreign expertise and to finance modern equipment. The achievement of the latter requires an improvement towards world prices of the price for Russian domestic crude and a reduction in the tax burden away from revenue towards a profits basis. (UK)

DEVELOPMENT OF REHABILITATION ORIENTED RUSSIAN INSTITUTION OF BANKRUPTCY

Directory of Open Access Journals (Sweden)

Vаleriy Nikolaevich Alferov

2016-01-01

Full Text Available The paper conducted a study on the mechanisms of the development of Russian rehabilitative orientation of the institution of bankruptcy. Objectivs. To analyze the existing conditions and particularly the implementation of the institution of bankruptcy of legal entities in Russia and abroad and on the basis of foreign experience to consider proposals for the development of its rehabilitation orientation.Methods. Empirical and economic and statistical research methods based on the Russian and international practice, implementation of bankruptcy legislation. Results. A generalization of the features of the implementation of domestic and foreign institution of bankruptcy and considered proposals for the development of its rehabilitation orientation. Conclusions and Relevance. In the Russian legislation on bankruptcy is necessary to develop rehabilitation procedure of bankruptcy to achieve the goal of a public law character – the restoration of the debtor's solvency. At present, primary importance should be given to the development of pre-trial financial recovery of debtors, including through the conciliation.

Russian science trapped in web of rapid change

International Nuclear Information System (INIS)

Josephson, P.R.

1995-01-01

During the Cold War, Soviet physicists were revered for their contribution to the country's prestige, economic growth, and national security, says Paul Josephson, a professor in the Department of Science, Technology, and Society at Sarah Lawrence College in Bronxville, New York. But the lavish support the Russian physics establishment once received is gone. In fact, the dissolution of the Soviet regime and deepening economic and political crisis have left scientists struggling to maintain their programs and keep institutes open. Internal crisis and the internationalization of science and technology have led to a drain of top Russian scientists in many fields, particularly in mathematics and theoretical physics. The West has responded to these concerns by giving financial aid and sponsoring initiatives designed to keep former Soviet scientists employed either at home or in the United States or Europe. However, the ultimate health of Russian science will depend on internal government reforms and public support, concludes Josephson

Russian Innovative Potential in the Conditions of Economic Sanctions: Reserves of Grown

Directory of Open Access Journals (Sweden)

Rustem M. Nureev

2016-12-01

Full Text Available The paper analyzes the impact of economic sanctions in general for innovative development of Russia, as well as individual sectors of oil, gas, financial and banking sector. It is shown that the ban on exports to the Russian oil and gas technology has led to the freezing of existing and refusal to enter into new projects. Increased production and export of US oil and gas have led to an increase in excess of the global scope of these types of raw materials and led to long-term downward trend in world energy prices. In recent years there has been a sharp decline in the net inflow of foreign direct investment in Russia, which exacerbates the problem of domestic sources of domestic innovation policy. The effect of sanctions on the development of the Russian economy as a whole and its individual regions is condifered. The paper describes the approaches to the definition of the innovation potential of the Russian region, identified several levels of manifestation of the region's potential and its characteristics, provides a definition of the region's innovation potential, discussed the factors influencing the development of the region's innovative capacity. The current state of the regional innovation system of the Russian Federation is analysed. The paper describes the main tasks of the Russian Federation Innovative Development Strategy for the period up to 2020. The degree of implementation of the Strategy, problems and prospects of realization of the basic provisions of the Strategy, the impact of the implementation of the Strategy on the Russian economy, its position in the index business are analysed in the paper.

THE IMPACT OF THE FINANCIAL CRISIS ON THE THEORY AND PRACTICE OF FINANCIAL SYSTEM SUPERVISION

Directory of Open Access Journals (Sweden)

Roxana Heteș

2013-04-01

Full Text Available The recent global financial crisis has reopened the debate about macroeconomic policies’ objectives, but also the need and extent of state involvement in the functioning of the economy, either directly or indirectly. This has exposed some weaknesses in the system of regulation and supervision of the financial system and the its architecture, especially in the treatment of systemic risks and vulnerabilities, but also the financial implications of the globalization process. The global nature of financial crisis highlighted the fact that, although integrated financial markets offer a number of significant benefits, risks involved are not negligible. Therefore, to ensure the financial stability of an increasingly integrated landscape there was felt the need for reform of the financial system architecture, both nationally and internationally.

Thermionic system evaluation test (TSET) facility construction: A United States and Russian effort

International Nuclear Information System (INIS)

Wold, S.K.

1993-01-01

The Thermionic System Evaluation Test (TSET) is a ground test of an unfueled Russian TOPAZ-II in-core thermionic space reactor powered by electric heaters. The facility that will be used for testing of the TOPAZ-II systems is located at the New Mexico Engineering Research Institute (NMERI) complex in Albuquerque, NM. The reassembly of the Russian test equipment is the responsibility of International Scientific Products (ISP), a San Jose, CA, company and Inertek, a Russian corporation, with support provided by engineers and technicians from Phillips Laboratory (PL), Sandia National Laboratories (SNL), Los Alamos National Laboratory (LANL), and the University of New Mexico (UNM). This test is the first test to be performed under the New Mexico Strategic Alliance agreement. This alliance consists of the PL, SNL, LANL, and UNM. The testing is being funded by the Strategic Defense Initiative Organization (SDIO) with the PL responsible for project execution

Safety parameter display system (SPDS) for Russian-designed NPPs

International Nuclear Information System (INIS)

Anikanov, S.S.; Catullo, W.J.; Pelusi, J.L.

1997-01-01

As part of the programs aimed at improving the safety of Russian-designed reactors, the US DoE has sponsored a project of providing a safety parameter display system (SPDS) for nuclear power plants with such reactors. The present paper is focused mostly on the system architecture design features of SPDS systems for WWER-1000 and RBMK-1000 reactors. The function and the operating modes of the SPDS are outlined, and a description of the display system is given. The system architecture and system design of both an integrated and a stand-alone IandC system is explained. (A.K.)

Case study: The Transnationalization of Russian Oil and Gas Companies

Directory of Open Access Journals (Sweden)

Sergey Lavrov

2017-03-01

Russian economy. Sixth, political and economic sanctions severely restrict the business relationship between Russian companies (particularly oil and gas companies and key international partners, which leads to decreased investment, disrupted implementation of many major projects plans and the decline of companies’ financial performance. Seventh, the current situation should spur Russian companies to adapt their economic policies to the new economic realities, to restore full technological and financial chains via expanding business relationships with companies in developing countries, using private sector resources and government support.

Corporate targeting: Nike on the Russian market

Directory of Open Access Journals (Sweden)

Sekulović Ana

2006-01-01

Full Text Available Nike Corporation is one of leading global players in sports apparel and footwear market. Strategic development of Nike Co has always been based on superior marketing and engagement of world-class sportspersons in its advertising campaigns. When USSR collapsed, Nike immediately started with penetration on Russian market. By relying on its outstanding innovativeness in product development and marketing, Nike has become one of three biggest players in the market. As its distributor for Russian market, Nike has chosen Serbia-based company, Delta Sport. The strategy of penetration on Russian market is based on four major pillars: sport marketing, public relations retail marketing and advertising. The most relevant competitors on Russian market are Reebok and Adidas. Trying to increase its market share in the Russian Federation, Nike has used following competitive advantages: global brand, retail discounts and cost decrease. Regarding further development of the company's activities on Russian market, long-term objectives are as follows: maintaining the leading position, unfurling production on whole RF and CIS territories, new contracts and improvement of contracts with existing partners, expanding of retail network, establishment of own production on RF and CIS markets, and orientation of marketing department toward "Sport Marketing". Delta Sport, as an agent of Nike Co, has certain freedom in creating business policy but it still has to comply with basic principles adopted for the whole corporation. The most important factors considered when selecting a strategy are: positive sides of firm, its goals and interests top management relationships, financial resources, personnel qualifications influence of external environment, and time factor. Delta Sport has entirely adopted these principles and also developed internal ones, which are complementary with Nike's.

G. I. Benenson and A. D. Golitsyn: business partnership in the institutional context of Russian reality early twentieth century

Directory of Open Access Journals (Sweden)

Baryshnikov Mikhail, N.

2015-06-01

Full Text Available This paper is devoted to the research of the history of participation Benenson and Golitsyn in the formation of financial and industrial group Russian-British bank in the Russian Empire. It is necessary to emphasize, that in the beginning of the 20 century joint-stock companies have occupied a prevailing situation in the main industrial and financial spheres of the Russian economy already. The densities of production, made by them, was dominant in many industries, making 70-80%, and sometimes more. The formation and successful operation of the integrated companies and, above all, financial and industrial structures (groups is undoubtedly the most important factor in improving the efficiency and sustained growth in industrial production. The analysis of participation of G. Benenson and A. Golitsyn in the activity of the Russian-English bank and joint-stock company allows to reveal most important for leading branches of the Russian economy institutional parameters of industrial business in the beginning of the 20 century, including: a Larger or smaller independence owners in those or other kinds of enterprise activity; b Availability business and socio-cultural connections among other businessmen; c Efficiency to achieve a balance of individual and group interests; d A management of the firms having more open (joint-stock structures, or closed (share structures, kind of activity. The process of the company involving in the financialindustrial groups had, sometimes, inconsistent contents, was exposed to influence both positive, and negative economic, sociocultural and political factors (economic crisises, revolution, wars, ethnic and religious conflicts etc.. However general tendency in the development of a integrated component of the Russian business carried in the beginning of the 20 century in the whole favorable orientation, potentially promoting large changes in socio economic structure of the Russian society in this period.

Telecommunication Sector of the Russian Economy: Transformation Into a Global Information and Telecommunication Infrastructure

Directory of Open Access Journals (Sweden)

Fokina Elena Anatolyevna

2014-12-01

Full Text Available The author concerns the current state and possible ways of telecommunication sector of the Russian economy development in the conditions of world economy globalization and suggests that the process of globalization reflects the current stage of telecommunication companies’ capital internationalization. The analysis of telecommunication sector shows that it is not only a perspective, highmargin and dynamically developing sector but is still one of the most integrated into the system of world economic relations. The stages of Russian telecommunication companies’ capital internationalization are determined, the internal connections between internationalization process and globalization are revealed. It is revealed that the new information and communication technologies development and expansion results in substantial increase in cooperation between economical entities and provides a sustainable long-term economical growth of telecommunication enterprises. The financial and operational data determining the effectiveness of telecommunication companies’ activity are presented. The analysis of tendencies promoting the extension of the market activity of Russian telecommunication companies at global information and telecommunication infrastructure shows that the main tendencies are the following ones: foreign capital inflow increase, capital integration and expansion of new services based on technologies convergence. The author reasonably concludes in recent times, the telecommunication sector of the Russian economy formation and development is determined by the existing global trends.

Manager, Financial Systems | IDRC - International Development ...

International Development Research Centre (IDRC) Digital Library (Canada)

... application of internal controls within the Centre's corporate financial systems. ... It is a key resource for managing IDRC's financial information systems both for the ... Assess the vendor development strategies and determine the impacts on the long .... applications to provide complete and relevant accounting information.

Financial system development in transition economies

NARCIS (Netherlands)

Hermes, C.L.M.; Lensink, B.W.

This paper provides an overview of the major issues with respect to financial system development in transition economies, which were discussed at a conference in Groningen, the Netherlands, December 1997. After a brief remark on the role of financial system design during economic transition, the

Financial Management: U.S. Army Corps of Engineers Financial Information Imported Into the Defense Departmental Reporting System - Audited Financial Statements

National Research Council Canada - National Science Library

Granetto, Paul J; Peek, Marvin L; Armstrong, Jack L; Wenzel, Paul C; Furey, Kathleen A; Zimmerman, Craig W

2004-01-01

... are: the Corps of Engineers Financial Management System, the Corps of Engineers Enterprise Management Information System, and the Defense Departmental Reporting System - Audited Financial Statements...

ESSENCE, STRUCTURE AND FUNCTIONS OF THE REGIONAL FINANCIAL SYSTEM

Directory of Open Access Journals (Sweden)

A. V. Milenkov

2015-01-01

Full Text Available The scientific themes of the article is relevant, as in the domestic and foreign economic literature, the term "financial system" does not comply with the fundamental theory of systems in which the system views revealed as a set of interrelated and interacting elements in accordance with the set to achieve the goal. Each of the elements of multi-level financial system has its own organizational structure, consisting of institutions and organizations within the jurisdiction of the entity government. In the article the author's interpretation of the concepts of "institutional framework," "organizational structure" of the regional financial system, defined the task of the financial system was to create rules and regulations of its operation, set out the basic functions of the institutions and organizations of the regional financial system, analyzes the external communication of the financial system, the implementation of which is one of the basic conditions for the effective functioning of the financial system in the region due to its inclusion in the federal and international financial sector. The contribution of the author in the development of the theme of the article is to specify and clarify the concepts of "the financial system", "institutional and organizational structure of the regional financial system," the development of methodological approaches to the formulation and use of methods of solving the institutional and organizational problems of the financial system in the region, the rationalization of the rules and regulations it current operation and future development, the definition of the composition of the basic functions that are adequate specialization and features of the institutes and organizations of the regional financial system.

48 CFR 970.5232-7 - Financial management system.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Financial management... for Management and Operating Contracts 970.5232-7 Financial management system. As prescribed in 970.3270(b)(1), insert the following clause: Financial Management System (DEC 2000) The Contractor shall...

Systems Sustainability: Implementation of Enhanced Maintenance Programs at the Kurchatov Institute, the All-Russian Research Institute of Experimental physics (VNIIEF) and the All-Russian Scientific Institute for Technical Physics (VNIITF)

International Nuclear Information System (INIS)

Coppinger, M.; Pikula, M.; Randolph, J.D.; Windham, M.

1999-01-01

Implementation of quality maintenance programs is essential to enhancing sustainable continuous operations of United States funded Materials Protection, Control and Accountability (MPC and A) equipment/systems upgrades at various Russian nuclear facilities. An effective maintenance program is expected to provide assurances to both parties for achieving maximum continuous systems operations with minimum down time. To be effective, the program developed must focus on minimum down time for any part of a system. Minimum down time is realized through the implementation of a quality maintenance program that includes preventative maintenance, necessary diagnostic tools, properly trained technical staff, and an in-house inventory of required spare parts for repairing the impacted component of the system. A centralized maintenance management program is logistically essential for the success of this effort because of the large volume of MPC and A equipment/systems installed at those sites. This paper will discuss current programs and conditions at the Russian Research Center-Kurchatov Institute, the All-Russian Scientific Institute for Technical Physics and the All-Russian Research Institute of Experimental Physics and will address those steps necessary to implement an upgraded program at those sites

IFRS adoption in one Norwegian and one Russian bank : a comparative study

OpenAIRE

Kulikov, Mikhail

2008-01-01

Mastergradsoppgave i bedriftsøkonomi - Høgskolen i Bodø, 2008 International Financial Reporting Standards (IFRS) have become an integral part of the global financial environment and Russia and Norway now is no exception to this global trend. The present research seeks: · To describe differences/similarities of IFRS adoption in one Norwegian and one Russian Bank, · To analyze these differences based on accounting and institutional theory, · To understand challenges of IFRS...

Uruguay; Financial System Stability Assessment

OpenAIRE

International Monetary Fund

2013-01-01

The buffers built in the aftermath of Uruguay’s 2002 banking crisis have shielded the financial sector from the effects of the global financial turmoil. Growth has been robust and the outlook continues to be favorable. However, inflation persists but capital inflows have improved, and policy measures have been taken in response. Uruguay exhibits no obvious signs of near-term domestic macrofinancial vulnerability. The external risks to the economy and the financial system come from a fragile g...

On the nexus of monetary policy and financial stability: Is the financial system more resilient?

OpenAIRE

Mora, Patricia Palhau; Januska, Michael

2016-01-01

Monetary policy and financial stability are closely intertwined, and the resilience of the financial system carries weight in this relationship. This paper explores whether the financial system is more resilient as a result of the G20's post-crisis agenda for financial regulatory reform. It summarizes the agenda's key measures and implementation schedules, both internationally and in Canada, reviews the effectiveness of the reform measures in preventing and addressing financial imbalances, an...

34 CFR 74.21 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 34 Education 1 2010-07-01 2010-07-01 false Standards for financial management systems. 74.21... Requirements Financial and Program Management § 74.21 Standards for financial management systems. (a... practical. (b) Recipients' financial management systems shall provide for the following: (1) Accurate...

22 CFR 145.21 - Standards for financial management systems.

Science.gov (United States)

2010-04-01

... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Standards for financial management systems. 145... Financial and Program Management § 145.21 Standards for financial management systems. (a) The Department... whenever practical. (b) Recipients' financial management systems shall provide for the following. (1...

29 CFR 1470.20 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 29 Labor 4 2010-07-01 2010-07-01 false Standards for financial management systems. 1470.20 Section... Post-Award Requirements Financial Administration § 1470.20 Standards for financial management systems... the restrictions and prohibitions of applicable statutes. (b) The financial management systems of...

7 CFR 3019.21 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... 7 Agriculture 15 2010-01-01 2010-01-01 false Standards for financial management systems. 3019.21... Requirements Financial and Program Management § 3019.21 Standards for financial management systems. (a) Federal... cost information whenever practical. (b) Recipients' financial management systems shall provide for the...

2 CFR 215.21 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... 2 Grants and Agreements 1 2010-01-01 2010-01-01 false Standards for financial management systems... Financial and Program Management § 215.21 Standards for financial management systems. (a) Federal awarding... information whenever practical. (b) Recipients' financial management systems shall provide for the following...

34 CFR 80.20 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 34 Education 1 2010-07-01 2010-07-01 false Standards for financial management systems. 80.20... Financial Administration § 80.20 Standards for financial management systems. (a) A State must expand and... of applicable statutes. (b) The financial management systems of other grantees and subgrantees must...

20 CFR 437.20 - Standards for financial management systems.

Science.gov (United States)

2010-04-01

... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false Standards for financial management systems... Financial Administration § 437.20 Standards for financial management systems. (a) A State must expend and... of applicable statutes. (b) The financial management systems of other grantees and subgrantees must...

10 CFR 600.121 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... 10 Energy 4 2010-01-01 2010-01-01 false Standards for financial management systems. 600.121... financial management systems. (a) Recipients shall relate financial data to performance data and develop....121(f) and 600.181, recipients' financial management systems shall provide for the following: (1...

45 CFR 1183.20 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 45 Public Welfare 3 2010-10-01 2010-10-01 false Standards for financial management systems. 1183... Financial Administration § 1183.20 Standards for financial management systems. (a) A State must expand and... of applicable statutes. (b) The financial management systems of other grantees and subgrantees must...

14 CFR 1260.121 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... 14 Aeronautics and Space 5 2010-01-01 2010-01-01 false Standards for financial management systems... Requirements § 1260.121 Standards for financial management systems. (a) Recipients shall relate financial data...) Recipients' financial management systems shall provide for the following. (1) Accurate, current and complete...

36 CFR 1207.20 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... financial management systems. (a) A State must expand and account for grant funds in accordance with State... management systems of other grantees and subgrantees must meet the following standards: (1) Financial... the financial management system of any applicant for financial assistance as part of a preaward review...

22 CFR 135.20 - Standards for financial management systems.

Science.gov (United States)

2010-04-01

... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Standards for financial management systems. 135... Financial Administration § 135.20 Standards for financial management systems. (a) A State must expand and... of applicable statutes. (b) The financial management systems of other grantees and subgrantees must...

29 CFR 95.21 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 29 Labor 1 2010-07-01 2010-07-01 true Standards for financial management systems. 95.21 Section 95... Requirements Financial and Program Management § 95.21 Standards for financial management systems. (a... practical. (b) Recipients' financial management systems shall provide for the following: (1) Accurate...

45 CFR 74.21 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 45 Public Welfare 1 2010-10-01 2010-10-01 false Standards for financial management systems. 74.21... Management § 74.21 Standards for financial management systems. (a) Recipients shall relate financial data to... cost information is usually not appropriate. (b) Recipients' financial management systems shall provide...

45 CFR 1174.20 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 45 Public Welfare 3 2010-10-01 2010-10-01 false Standards for financial management systems. 1174... Financial Administration § 1174.20 Standards for financial management systems. (a) A State must expand and... of applicable statutes. (b) The financial management systems of other grantees and subgrantees must...

INFORMATIONAL CONFRONTATION BETWEEN THE RUSSIAN FEDERATION AND THE USA DURING THE “TULIP REVOLUTION” IN KYRGYZSTAN

Directory of Open Access Journals (Sweden)

Lina Yuryevna Medovkina

2017-10-01

Full Text Available In the present article the author considers the problem of informational confrontation between the Russian Federation and the USA during the “Tulip Revolution” of 2005 in Kyrgyzstan. Kyrgyzstan became the first post-socialist country in Central Asia where there had been a color revolution. It is noted that in 2004 the US State Department awarded grants to non-governmental organizations of Kyrgyzstan as help for the independent media and for dissemination of propaganda information. Financial and human resources provided by the United States gave the united Kyrgyz opposition enough financial and moral support to have the opportunity to go on the offensive on Russia in the information field. The confrontation in the information field of the Russian Federation and the United States during the “Tulip Revolution” was won by the West and lost by Russia, as their technology of counteraction to information influence were weak. The purpose of the research is the study of information confrontation between the Russian Federation and the USA during the “Tulip Revolution” of 2005 in Kyrgyzstan. Method or methodology of work. Content analysis, methods of organizing and synthesizing of information are used as methodological basis. The methodological approaches are presented by the system analysis of the considered phenomenon. The results of the study can be used as an objective confirmation of application of information confrontation methods in the conflict between states. Scope of application: state information policy.

Russia’s Financial Markets and Financial Institutions in 2013

OpenAIRE

Alexander Abramov

2014-01-01

This paper deals with a wide scope of issues, starting with the post-crisis recovery of Russia's financial market. The author analyzes the market for shares issued by Russian companies, investigates dependence on the global conjuncture of prices and inflow and outflow of foreign portfolio investment. He also studies currency exchange rate, looks at the competition on the domestic share market, and analyzes preliminary results of the merger of the RTS and MICEX. The article deals with the mark...

Russia’s Financial Markets and Financial Institutions in 2012

OpenAIRE

Alexander Abramov

2013-01-01

This paper deals with a wide scope of issues, starting with the post-crisis recovery of Russia's financial market. The author analyzes the market for shares issued by Russian companies, investigates dependence on the global conjuncture of prices and inflow and outflow of foreign portfolio investment. He also studies currency exchange rate, looks at the competition on the domestic share market, and analyzes preliminary results of the merger of the RTS and MICEX. The article deals with the mark...

Chinese Global and Russian Spatial Strategies: Harmonization Potential

Directory of Open Access Journals (Sweden)

Pavel Aleksandrovich Minakir

2017-06-01

Full Text Available A probability of the harmonization of the Chinese sub-global strategy ‘One Belt, One Road’, proposed in 2013, and Russian integration project for the Eurasia economic cooperation are reviewed as well as the influence of this potential synchronized project on the Far Eastern segment of the Russian spatial strategy. It is noted that the problems of spatial heterogeneity gave push to the ‘One Belt, One Road’ project when China approached the point in economic development where different regional economic zones demand new infrastructural solutions for maintaining economic dynamics. The article shows that the declared co-development of countries involved is based on the rigid pragmatic financial-credit and infrastructural expansion of Central Asian model: mandatory provision of significant share in property (controlling stake, if possible, mandatory financing with construction contract and guaranteed future export of services for operating the facilities, ensuring the rights on full (or no less than 50% export of raw materials for further processing to China, employing Chinese labor in Russian-Chinese enterprises, and using Chinese machinery and equipment

21 CFR 1403.20 - Standards for financial management systems.

Science.gov (United States)

2010-04-01

... 21 Food and Drugs 9 2010-04-01 2010-04-01 false Standards for financial management systems. 1403... Financial Administration § 1403.20 Standards for financial management systems. (a) A State must expend and... of applicable statutes. (b) The financial management systems of other grantees and subgrantees must...

Red barons or robber barons? : governance and financing in Russian FIGS

NARCIS (Netherlands)

Perotti, E.C.; Gelfer, S.

1999-01-01

We study the governance role of Russian Financial-Industrial Groups (FIG) and their impact on financing of investment. We compare member firms of a group with a control set of large firms categorized by dispersed ownership or/and management and employee control. We find that investment is sensitive

The Features of the Architectonic of Financial System

Directory of Open Access Journals (Sweden)

Bondarenko Olena S.

2017-10-01

Full Text Available The article is aimed at substantiating the features of function of a contemporary financial system of the State together with the need to develop its architectonic, taking into consideration the functions and objectives of socio-economic development. The features of function of the current financial system of Ukraine have been disclosed. The main factors of influence have been defined and the need to develop new approaches to the management of the components of financial system has been proven. The essence and feasibility of building the architectonic of financial system have been substantiated, the main directions of practical implementation have been characterized. Prospects for further research are developing a mechanism for building the architectonic of financial system and creating an efficient management instrumentarium for managing its components.

Russian Chrononyms in Linguistic Perspective (Review of: Atroshenko, O. V. Russian Popular Chrononymy: Systemic, Functional and Lexicographic aspects

Directory of Open Access Journals (Sweden)

Tatyana A. Agapkina

2013-06-01

Full Text Available The review deals with the ideas expressed in O. V. Atroshenko’s doctoral thesis. The author specifically considers the motivational peculiarities of chrononyms, the correlations between chrononyms and calendar sayings, the principles of use of dialect materials in such kind of study as well as the research perspectives of the basic terms of the Russian chrononymic system.

Development of Spreadsheet-Based Integrated Transaction Processing Systems and Financial Reporting Systems

Science.gov (United States)

Ariana, I. M.; Bagiada, I. M.

2018-01-01

Development of spreadsheet-based integrated transaction processing systems and financial reporting systems is intended to optimize the capabilities of spreadsheet in accounting data processing. The purpose of this study are: 1) to describe the spreadsheet-based integrated transaction processing systems and financial reporting systems; 2) to test its technical and operational feasibility. This study type is research and development. The main steps of study are: 1) needs analysis (need assessment); 2) developing spreadsheet-based integrated transaction processing systems and financial reporting systems; and 3) testing the feasibility of spreadsheet-based integrated transaction processing systems and financial reporting systems. The technical feasibility include the ability of hardware and operating systems to respond the application of accounting, simplicity and ease of use. Operational feasibility include the ability of users using accounting applications, the ability of accounting applications to produce information, and control applications of the accounting applications. The instrument used to assess the technical and operational feasibility of the systems is the expert perception questionnaire. The instrument uses 4 Likert scale, from 1 (strongly disagree) to 4 (strongly agree). Data were analyzed using percentage analysis by comparing the number of answers within one (1) item by the number of ideal answer within one (1) item. Spreadsheet-based integrated transaction processing systems and financial reporting systems integrate sales, purchases, and cash transaction processing systems to produce financial reports (statement of profit or loss and other comprehensive income, statement of changes in equity, statement of financial position, and statement of cash flows) and other reports. Spreadsheet-based integrated transaction processing systems and financial reporting systems is feasible from the technical aspects (87.50%) and operational aspects (84.17%).

The Threat from European Missile Defence System to Russian National Security

Directory of Open Access Journals (Sweden)

Alexey I. Podberezkin

2014-01-01

Full Text Available The article analyses the political and military aspects of progress in the dialogue between Russia and the U.S./NATO on cooperation in missile defense; investigates the past experiences and current state of cooperation between Russia and the Alliance on missile defense issues; examines the technical features of American missile defence systems today; finds a solution to question whether or not the European Missile Defence Program actually threatens Russia's nuclear deterrent and strategic stability in general; identifies both potential benefits and possible losses for Russia stemming from the development of cooperation with the United States and NATO in countering ballistic missile threats, or from refusal to have such cooperation. Evidently, the initiative of creation of a missile defense in Europe surely belongs to the USA. Washington has enormous technological, financial, economic, military and institutional capabilities in the field of a missile defense, exceeding by far other NATO member-states. In February 2010, the President of the United States B. Obama adopted a project "European Phased Adaptive Approach" (EPAA as an alternative to G. Bush's global strategic missile defense plan. The first two stages of the Phased Adaptive Approach are focused on creating a system capable of intercepting small, medium and intermediate-range ballistic missiles. The possibility of intercepting long-range missiles is postponed to the third (2018 and forth phases (2020. Moscow finds especially troublesome the third and the fourth phases of Washington's project of creating a European segment of the global antiballistic missile system, considering prospective capabilities of the U.S. interceptor missiles 61 and the envisioned areas of their deployment. The U.S. counter-evidence is that phase four interceptors do not exist yet. Russia insists on getting the political and legal guarantees from the U.S. and NATO that their missile defense systems will not slash

20 CFR 435.21 - Standards for financial management systems.

Science.gov (United States)

2010-04-01

... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false Standards for financial management systems... ORGANIZATIONS, AND COMMERCIAL ORGANIZATIONS Post-Award Requirements Financial and Program Management § 435.21 Standards for financial management systems. (a) Introduction. SSA requires recipients to relate financial...

Assessing Financial System Vulnerabilities: An Early Warning Approach

OpenAIRE

Gurnain Pasricha; Tom Roberts; Ian Christensen; Brad Howell

2013-01-01

This article focuses on a quantitative method to identify financial system vulnerabilities, specifically, an imbalance indicator model (IIM) and its application to Canada. An IIM identifies potential vulnerabilities in a financial system by comparing current economic and financial data with data from periods leading up to past episodes of financial stress. It complements other sources of information - including market intelligence and regular monitoring of the economy - that policy-makers use...

IMPROVED METHODS FOR EVALUATING THE EFFECTIVENESS OF INNOVATION DEVELOPMENT IN RUSSIAN CORPORATIONS

Directory of Open Access Journals (Sweden)

E. L. Dorzhieva

2016-01-01

Full Text Available Objectives. Innovative activity is a key factor in the effective development and growth of competitiveness in the Russian economy. An important role in this process is played by industrial corporations. Against this background, there is an increased need for improving the effectiveness of methods for evaluating the innovation development of Russian corporations. Methods. Formal logic as well as system analysis methods were used in the research, allowing us to consider the corporation as a system that includes a variety of innovational directions (elements. Results. The article discusses various approaches to the determination of the basic definitions of innovation; a classification of innovation is proposed. The attributes of innovative activity of industrial corporations are distinguished together with an outline of the possible causes of various innovative corporate activities; components of the system of indicators of innovation activity are isolated: financial; consumer; process; development and training; risk management. The need for the indices of the innovation activity of the risk component to be included in the composition of the system is substantiated. It is shown how the objectives for each area of innovation may be achieved in tandem with a methodological approach that allows continuous monitoring of the implementation of innovative development strategies. An algorithm for evaluating the implementation of innovative strategies contributing to the development of industrial corporations is presented. Conclusion. Theoretical and methodological development can be used not only to navigate the variety of innovations but also to determine and establish the relationship and interdependence between the various innovations as well as carry out analysis, assessment and forecasting for the effective development of innovative activity of Russian corporations. 

Health Care in the Russian Federation.

Science.gov (United States)

Younger, David S

2016-11-01

The Russian Federation health system has its roots in the country's complex political history. The Ministry of Health and Social Development and its associated federal services are the principal Russian institutions subserving the Russian Federation. Funding for the health system goes through 2 channels: the general revenue budget managed by federal, regional, and local health authorities, and the Mandatory Health Insurance Fund. Although the Soviet Union was the first country in the world to guarantee free medical care as a constitutional right to all its citizens, quality and accessibility are in question. Copyright © 2016 Elsevier Inc. All rights reserved.

10 CFR 600.311 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... 10 Energy 4 2010-01-01 2010-01-01 false Standards for financial management systems. 600.311... Requirements § 600.311 Standards for financial management systems. (a) Recipients are encouraged to use existing financial management systems to the extent that the systems comply with Generally Accepted...

32 CFR 34.11 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 32 National Defense 1 2010-07-01 2010-07-01 false Standards for financial management systems. 34... ORGANIZATIONS Post-award Requirements Financial and Program Management § 34.11 Standards for financial management systems. (a) Recipients shall be allowed and encouraged to use existing financial management...

22 CFR 518.21 - Standards for financial management systems.

Science.gov (United States)

2010-04-01

... 22 Foreign Relations 2 2010-04-01 2010-04-01 true Standards for financial management systems. 518... ORGANIZATIONS Post-Award Requirements Financial and Program Management § 518.21 Standards for financial management systems. (a) Federal awarding agencies shall require recipients to relate financial data to...

25 CFR 276.7 - Standards for grantee financial management systems.

Science.gov (United States)

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Standards for grantee financial management systems. 276.7... grantee financial management systems. (a) Grantee financial management systems for grants and subgrantee financial management systems for subgrants shall provide for: (1) Accurate, current, and complete disclosure...

Impact of Introduction of IFRS in Russia on Tourism Industry Case: Aeroflot and Russian Railways

OpenAIRE

Kondratov, Vladislav

2014-01-01

The purpose of writing this thesis is to analyse how the introduction of IFRS could affect Russian tourism industry. Globalization, increased cross-border capital flows and the growing number of foreign direct investments created the necessity of the common international language. The International Financial Reporting Standards were created to serve this need. Russian among number of other countries is in in a process of adopting IFRS, however, the changes which would be brought by adopting I...

40 CFR 31.20 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 40 Protection of Environment 1 2010-07-01 2010-07-01 false Standards for financial management... violation of the restrictions and prohibitions of applicable statutes. (b) The financial management systems... the financial management system of any applicant for financial assistance as part of a preaward review...

38 CFR 43.20 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... violation of the restrictions and prohibitions of applicable statutes. (b) The financial management systems... the financial management system of any applicant for financial assistance as part of a preaward review... 38 Pensions, Bonuses, and Veterans' Relief 2 2010-07-01 2010-07-01 false Standards for financial...

22 CFR 226.21 - Standards for financial management systems.

Science.gov (United States)

2010-04-01

... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Standards for financial management systems. 226... AWARDS TO U.S. NON-GOVERNMENTAL ORGANIZATIONS Post-award Requirements Financial and Program Management § 226.21 Standards for financial management systems. (a) Recipients shall relate financial data to...

Financial Innovations and Their Role in the Modern Financial System – Identification and Systematization of the Problem

Directory of Open Access Journals (Sweden)

Joanna Błach

2011-11-01

Full Text Available This paper discusses the role that financial innovations play in the modern financial system, aiming at identifying and systematizing the core problems and definitions related to this issue. The paper first describes the importance of the financial system and financial markets in the economy, explaining their functions and presenting their particular characteristics, focusing on their innovativeness. Then, based on the theoretical studies, the broad definition of the financial innovations is developed, stating that any new developments in any elements of the financial system, including: markets, institutions, instruments and regulations, can be regarded as financial innovations if they are perceived as new by the end-user of innovation. Next, the systematization of the most important types of financial innovations is presented regarding different classification criteria, such as: sources of innovations, motives for innovations, their effects or functions. As financial innovations are not a homogenous group of financial developments, their implications for the financial system can be ambiguous, thus the final assessment of their role can not be generalized and should be made on a case-by-case basis. The information presented in this paper can be regarded as an introduction, encouraging to do further research, as the complexity of the financial innovations makes them an interesting and important subject for this.

Russian Model Of The Administrative Justice

Directory of Open Access Journals (Sweden)

Natalja I. Jaroshenko

2014-12-01

Full Text Available On December 25, 2014 it would be twenty-one year since the Constitution of the Russian Federation was adopted on the national referendum on December 12, 1993. During this time, almost all constitutional provisions are implemented. The key point of course was the judicial reform in Russia, launched simultaneously with the adoption of Constitution of the Russian Federation. Adopted the new Civil Procedural Code, Criminal Procedural Code, Arbitration Procedural Code of the Russian Federation, Federal Constitutional Law "On the Constitutional Court of the Russian Federation", Federal Constitutional Law "On the courts of general jurisdiction in Russia", Federal Constitutional Law "On the Supreme Court of the Russian Federation". However, during twenty-one year of Russian Constitution work, the question on establishment of administrative courts in our country has not been resolved. Merger of the Supreme Court and the Supreme Arbitration Court of the Russian Federation, which happened in the year 2014, also shown the need to resolve the status of administrative courts in Russia. Previously submitted to the State Duma of the Federal Assembly of the Russian Federation the draft of the Federal Constitutional Law "On the Federal Administrative Courts in the Russian Federation" and is on the revision, which does not correspond to changes in the judicial system of the Russian Federation. Despite the failure of the Federal Constitutional Law "On the Federal Administrative Courts in the Russian Federation", in the opinion of the author, and it should be called that way, it Russia has already developed an own model of the Russian administrative justice, which is very specific.

Determination of Russian innovative activity tendencies

Directory of Open Access Journals (Sweden)

Marina A. Motova

2016-01-01

Full Text Available There is an attempt to group main types of economic activity depending on intensity and efficiency of innovative activities on the basis of the available statistical information on dynamics of innovative activities in various industries of economy and with the use of the mathematic and statistical tool, in particular, cluster analysis tool. For this purpose, on the basis of the data, contained in the statistical report, characterizing the level of innovative activity (number of the innovation-active organizations, costs for technological innovations, amount of the shipped innovative products, etc. the indicators, characterizing intensity and efficiency of innovative activities were calculated. They have acted as the initial information for implementation of the cluster analysis.Further analysis results of the data, characterizing profitability of investments in various industries of economy are presented. Obviously, the activity of implementation of financial investments in various sectors of industrial production and service sector are directly connected with the profit on financial investments. On the basis of the dynamics analysis of investments’ profitability in various industries of economy for the period of 2005-2014 leaders and outsiders in this indicator are revealed. The following conclusion is made: the need to develop the forecast estimations on the indicators, characterizing profitability of financial investments on main types of economic activity.The analysis of innovative activities in the Russian Federation (results are given in the article, is based on the official statistics data. The main source of statistical information is the report «Information about innovative activity of organization «. The data, obtained as a result of the observation, are published in the editions «Indicators of Innovative Activity» (The Ministry of Education and Science of the Russian Federation, Federal State Statistics Service (Rosstat and

Institutional Analysis of Bounded Rationality of the Contemporary Russians

Directory of Open Access Journals (Sweden)

Ivan V. Rozmainsky

2017-12-01

Full Text Available The paper argues that behavior of present-day Russians is inconsistent with standard Neoclassical economics and can be better explained by the synthesis of various branches of Institutionalism and Post Keynesianism. Authors try to show that the present-day Russians are characterized by bounded rationality when they invest in health and financial assets, by fits and starts spend their incomes and cannot predict future levels of these incomes. Sometimes such bounded rationality manifests itself as investor myopia – a phenomenon that describes a situation when people exclude future variables from consideration starting from some threshold point of time. Investor myopia can lead to negative investment in health via smoking and heavy drinking, and also generate non-rational saving behavior. Furthermore, the contemporary Russians behave in the opportunistic manner. In particular, in the course of important examination writing the majority of people prefer to cheat off. Finally, the social pressure modifies the consumptive choice of the present-day Russians; in other words, this choice is not intrinsic. These statements are verified on the base of opinion poll findings by authors in 2016 and 2017. Sample included 521 persons, mainly young people. These data are analyzed by means of econometric – binomial and multinomial logit-models. The results of these studies show that the contemporary Russians are really characterized by bounded rather than perfect rationality. One of the conclusions is that fee-paying educated students are significantly less rational in their saving choice.

The Broadening of Activities in the Financial System : Implications for Financial Stability and Regulation

NARCIS (Netherlands)

Wagner, W.B.

2006-01-01

Conglomeration and consolidation in the financial system broaden the activities financial institutions are undertaking and cause them to become more homogenous.Although resulting diversification gains make each institution appear less risky, we argue that financial stability may not improve as total

Nonlinear dynamics and chaos in a fractional-order financial system

International Nuclear Information System (INIS)

Chen Weiching

2008-01-01

This study examines the two most attractive characteristics, memory and chaos, in simulations of financial systems. A fractional-order financial system is proposed in this study. It is a generalization of a dynamic financial model recently reported in the literature. The fractional-order financial system displays many interesting dynamic behaviors, such as fixed points, periodic motions, and chaotic motions. It has been found that chaos exists in fractional-order financial systems with orders less than 3. In this study, the lowest order at which this system yielded chaos was 2.35. Period doubling and intermittency routes to chaos in the fractional-order financial system were found

Aspects of the European system of financial supervision

Directory of Open Access Journals (Sweden)

Nagy Zoltán B.

2016-01-01

Full Text Available The study presents the main stages of the development of the European financial supervisory regulation and the current European System of Financial Supervision. The financial economic crisis highlighted the weaknesses in the supervisory system and the fact that the supervisor has an important role in consumer protection and in the mitigation of risk-taking by financial institutions. The European Union has developed a new financial strategy known as Banking Union, which has a three-pillar framework. These three pillars are the Single Supervisory Mechanism, the Single Resolution Mechanism and the Common Deposit Guarantee Scheme. This system is intended to achieve a single economic and monetary union at supranational level and to avoid the emergence of a new crisis as far as possible.

49 CFR 19.21 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 49 Transportation 1 2010-10-01 2010-10-01 false Standards for financial management systems. 19.21... ORGANIZATIONS Post-Award Requirements § 19.21 Standards for financial management systems. (a) Federal awarding... information whenever practical. (b) Recipients' financial management systems shall provide for the following...

43 CFR 12.921 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 43 Public Lands: Interior 1 2010-10-01 2010-10-01 false Standards for financial management systems... Organizations Post-Award Requirements § 12.921 Standards for financial management systems. (a) Federal awarding... information whenever practical. (b) Recipients' financial management systems shall provide for the following...

FINANCIAL-ECONOMIC INTEGRATION AS A TOOL FOR INCREASE OF INVESTMENT SUPPORT OF AGRO-INDUSTRIAL PRODUCTION

Directory of Open Access Journals (Sweden)

E. R. Zakirova

2017-01-01

Full Text Available The article reveals the essence and systematizes the advantages of financial and economic integration. In the agro-industrial complex, this kind of integration contributes to attracting investments and reducing risks for investors, increasing the competitiveness and economic growth of the region. The relevance of the study is due to insufficiently researched remains many aspects of the functioning of integrated business systems in relation to individual industries, in particular, to agroindustrial production. The aim of the article is to study theoretical approaches to the essence of financial and economic integration in agro-industrial production and analyze the mechanism of investment support for the Russian agrarian sector, taking into account financial and economic integration. In preparing the article, general scientific methods of research were used: analysis and synthesis, generalization, comparison, classification. Results. The interpretation of financial and economic integration in Russian and foreign scientific publications is generalized. Distinctions of financial and economic integration are distinguished from other economic processes. The advantages of financial and economic integration for the economy and business entities are systematized. The importance of integrating industries and business entities in the agro-industrial complex, which is of strategic importance for ensuring Russia's food security, was noted. The branch structure of the agro-industrial complex is analyzed. The scheme of the integrated financial and economic mechanism in the agroindustrial complex is described. The importance of an optimal balance between cooperation and integration was underscored. The insufficiency of the methodological level of studies of agro-industrial integration is grounded. The components of the effect of financial and economic integration are considered. Positive effects of integration processes in the agroindustrial complex are

A SURVEY OF INTERNATIONAL FINANCIAL RISK MANAGEMENT SYSTEM

Directory of Open Access Journals (Sweden)

SETHI Narayan

2013-12-01

Full Text Available Rising global competition, increasing deregulation, and introduction of innovative products have pushed financial risk management to the forefront of today's financial landscape. Identification of different types of risks and effective management of these risks in the international financial system would help to alleviate crisis, financial losses and also helpful to the long term success of all the financial institutions. The present study aims to analyze different types of risk management strategies and throws some light on challenges and opportunities regarding implementation of Basel-II in international financial system. The present paper also attempts to discuss the different methods and techniques used to measure financial risk management. There are three types of risk faced by all financial institutions: market risk, credit risk and operational risk. In commercial banking, credit risk is the biggest risk; in investment banking, its market risk; and in asset management, it’s operational risk.

The Potential of Private Capital in the Development of Small business in the Russian Federation

Directory of Open Access Journals (Sweden)

Lena S. Shavaleeva

2017-01-01

Full Text Available Purpose: the purpose of this article is to analyze the potential, opportunities and prospects of individual financial resources (personal savings in investment process for Russian small business projects. The subject of this study is particularly relevant due to the fact that in recent years in Russian Federation the development of small business plays an important role in economic policy but there are a number of reasons that impede the development of this segment especially lack of financial resources.Methods: in this article we used methods of qualitative analysis of relevant legal documents and statistical data; factorial, situational, and comparative approaches to empirical material on this subject, and the possibility of expert evaluation of emerging economic trends.Results and Conclusions: the Russian government implements significant measures to support segment of small businesses but there is still a whole range of reasons that hinder their development. The most serious of them is the lack of investment. At the same time, we can see the trend between the growing range of possibilities of private investments from the state and businesses and no apparent needs for them among the general russian population. There is a huge potential expressed in the possible transformation of available savings of this population into investment. This approach can be implemented due to using of the innovative instruments, one of which is crowdinvesting.

7 CFR 3016.20 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... 7 Agriculture 15 2010-01-01 2010-01-01 false Standards for financial management systems. 3016.20... Standards for financial management systems. (a) A State must expand and account for grant funds in... financial management systems of other grantees and subgrantees must meet the following standards: (1...

32 CFR 32.21 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 32 National Defense 1 2010-07-01 2010-07-01 false Standards for financial management systems. 32... Program Management § 32.21 Standards for financial management systems. (a) DoD Components shall require... unit cost information. (b) Recipients' financial management systems shall provide for the following. (1...

7 CFR 277.6 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... 7 Agriculture 4 2010-01-01 2010-01-01 false Standards for financial management systems. 277.6... ADMINISTRATIVE COSTS OF STATE AGENCIES § 277.6 Standards for financial management systems. (a) General. This section prescribes standards for financial management systems in administering program funds by the State...

Inclusive Financial System Reforms in Uganda: Unveiling Ambiguity

OpenAIRE

Ayoki, Milton

2014-01-01

This paper examines the financial system reforms in the context of financial sector deepening, and strategy for financial sector development and inclusion in Uganda. Results suggest that the indicators of financial sector development are largely as they were in 1996 and that the actual gains from financial inclusion strategies are small. Evidence suggests a weak link between financial deepening and financial usage by firms and households. It finds the acclaimed success (by policy makers and s...

40 CFR 35.6270 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 40 Protection of Environment 1 2010-07-01 2010-07-01 false Standards for financial management... § 35.6270 Standards for financial management systems. (a) Accounting system standards—(1) General. The... of the adequacy of the financial management system as described in 40 CFR 31.20(c). (2) Allowable...

29 CFR 97.20 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 29 Labor 1 2010-07-01 2010-07-01 true Standards for financial management systems. 97.20 Section 97... Standards for financial management systems. (a) A State must expand and account for grant funds in... financial management systems of other grantees and subgrantees must meet the following standards: (1...

45 CFR 1157.20 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 45 Public Welfare 3 2010-10-01 2010-10-01 false Standards for financial management systems. 1157... Administration § 1157.20 Standards for financial management systems. (a) A State must expand and account for... statutes. (b) The financial management systems of other grantees and subgrantees must meet the following...

32 CFR 33.20 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 32 National Defense 1 2010-07-01 2010-07-01 false Standards for financial management systems. 33... financial management systems. (a) A State must expand and account for grant funds in accordance with State... management systems of other grantees and subgrantees must meet the following standards: (1) Financial...

Russian Science and Russian State: Image of a Scientist in Modern Russian Cinema

Directory of Open Access Journals (Sweden)

Svetlana M. Medvedeva

2014-01-01

Full Text Available The article analyses the image of a scientist represented in recent Russian movies. The article discusses two groups of questions: (1 nature and role of popular science in the life of society; (2 national features of scientific cultures. The article agues that popular science should not be conceived as a week copy of the real science. On the contrary, modern models of science communication assume that popular science have its own value and is able to influence scientific practices. Simultaneously we assume, that since popular science is less integrated with international scientific norms, it can easer reveal national traditions of scientific life. As a result, the analyze of recent Russian movies shows that the tradition established in Peter I times for Russian scientists to work out their self-identity in concern with Russian state still exists (scientist- state supporter/scientist- oppositionist. Actually the modern interpretation of dilemma between state patriotism and liberalism given by modern movies shows that Russian scientist don't have real choice, because they loose anyway whereas the state always wins. So owing to recent movies this representation of hopeless destiny of a scientist is becoming widespread in Russian public culture.

The practice of reflection in the russian goodwill when buying enterprises as a property complex

OpenAIRE

O. A. Ovchinnikova; T. O. Bazdаreva; V. N. Harina

2016-01-01

When buying enterprises as a property complex, firm-the buyer can pay for it as excess cost of the acquired entity on its balance sheet, and an amount less than the value of the assets on the balance sheet of the acquiree. Based on the requirements of the Russian legislation, in the account of the buyer acquires an intangible asset that distinguishes the Russian from the international practice. International financial reporting standards do not recognize goodwill an intangible asset of the bu...

The Russian Federation:Financial Education and Financial Literacy Project---The Road to the National Strategy%俄罗斯联邦：金融教育与金融扫盲工程--通往国家战略之路

Institute of Scientific and Technical Information of China (English)

夏方杰

2014-01-01

Russia is making its national financial strategy presently. The paper introduces Russian policy background and the ba-sic situation of the national strategy development, expatiates on the definition, scope and objective of the financial education and fi-nancial literacy project. At the same time, the paper deeply analyzes the preparatory work such as the task, plan, pilot areas, initial in-vestigation which need to be solved in the process of implementing the project.%俄罗斯目前正在制定其金融国家战略，本文对其政策背景与国家战略制定的基本情况进行了介绍，对金融教育和金融扫盲工程的定义、范围和目标进行了阐述。同时，对项目实施进程中需要解决的任务、计划、试点地区，前期调查等准备工作进行了深入分析。

49 CFR 18.20 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 49 Transportation 1 2010-10-01 2010-10-01 false Standards for financial management systems. 18.20... Administration § 18.20 Standards for financial management systems. (a) A State must expand and account for grant... statutes. (b) The financial management systems of other grantees and subgrantees must meet the following...

Astronauts Work in the Russian Zvezda Service Module

Science.gov (United States)

2001-01-01

Astronauts Frank L. Culbertson, Jr. (left), Expedition Three mission commander, and Daniel W. Bursch, Expedition Four flight engineer, work in the Russian Zvezda Service Module on the International Space Station (ISS). Zvezda is linked to the Russian built Functional Cargo Block (FGB), or Zarya, the first component of the ISS. Zarya was launched on a Russian Proton rocket prior to the launch of Unity. The third component of the ISS, Zvezda (Russian word for star), the primary Russian contribution to the ISS, was launched by a three-stage Proton rocket on July 12, 2000. Zvezda serves as the cornerstone for early human habitation of the Station, providing living quarters, a life support system, electrical power distribution, a data processing system, a flight control system, and a propulsion system. It also provides a communications system that includes remote command capabilities from ground flight controllers. The 42,000 pound module measures 43 feet in length and has a wing span of 98 feet. Similar in layout to the core module of Russia's Mir space station, it contains 3 pressurized compartments and 13 windows that allow ultimate viewing of Earth and space.

THE CONCEPT OF TRANSFER PRICING SYSTEM IN RUSSIAN FEDERATION

Directory of Open Access Journals (Sweden)

Alexey S. Besfamilnyy

2016-01-01

Full Text Available The article presents the author's denition of transfer prices and transfer pricing based on the analysis of the current legislation in Russia as well as on current economic practice. Considered state regulation of transfer pricing for the purpose of harmonization of relationship between government and business. Given the denition of the transfer pricing system in Russian Federation and the description of its main parts and connections between them, necessary for effective functioning.

The practice of reflection in the russian goodwill when buying enterprises as a property complex

Directory of Open Access Journals (Sweden)

O. A. Ovchinnikova

2016-01-01

Full Text Available When buying enterprises as a property complex, firm-the buyer can pay for it as excess cost of the acquired entity on its balance sheet, and an amount less than the value of the assets on the balance sheet of the acquiree. Based on the requirements of the Russian legislation, in the account of the buyer acquires an intangible asset that distinguishes the Russian from the international practice. International financial reporting standards do not recognize goodwill an intangible asset of the buyer enterprise. Therefore, it is necessary to specify the Russian practice of accounting transactions in the purchase of enterprises as property complex. The article presents a definition of the property complex, based on the requirements of the Civil Code of the Russian Federation, highlighted the stages of transfer of the property complex of the specified accounting documents that must be decorated, the analysis of the approaches of domestic and foreign authors to the recognition and measurement of goodwill, studied the specificity of the requirements of the Russian normative-legislative acts to the category “goodwill”, “intangible asset”. Based on the requirements of the Russian legislation, a positive goodwill is recognized in intangible asset (goodwill, in contrast to the negative goodwill (badwill, which immediately applies on other income of the organisation – the buyer of the enterprise – a property complex. On the positive business reputation, then the requirements of the Russian legislation, a positive goodwill is recognized intangible asset. In this paper, the authors proposed a model accounting for the purchase of enterprise as property complex as a result of which the acquisition price of an enterprise as a property complex exceeds its carrying amount of the assessment, therefore, in accounting, the buyer acquires an intangible asset in the form of a positive business reputation, compiled and substantiated recommended to reflect this

Correlation of financial markets in times of crisis

Science.gov (United States)

Sandoval, Leonidas; Franca, Italo De Paula

2012-01-01

Using the eigenvalues and eigenvectors of correlations matrices of some of the main financial market indices in the world, we show that high volatility of markets is directly linked with strong correlations between them. This means that markets tend to behave as one during great crashes. In order to do so, we investigate financial market crises that occurred in the years 1987 (Black Monday), 1998 (Russian crisis), 2001 (Burst of the dot-com bubble and September 11), and 2008 (Subprime Mortgage Crisis), which mark some of the largest downturns of financial markets in the last three decades.

Measuring systemic importance of financial institutions: An extreme value theory approach

OpenAIRE

Gravelle, Toni; Li, Fuchun

2011-01-01

In this paper, we define a financial institution's contribution to financial systemic risk as the increase in financial systemic risk conditional on the crash of the financial institution. The higher the contribution is, the more systemically important is the institution for the system. Based on relevant but different measurements of systemic risk, we propose a set of market-based measures on the systemic importance of financial institutions, each designed to capture certain aspects of system...

Methodological eclecticism in the interpretation of the essence of financial system

Directory of Open Access Journals (Sweden)

Oksana Snizhko

2014-08-01

Full Text Available The article is dedicated to critical analysis of competitive conceptual approaches to determining the essence of financial system. The system establishing element of the financial system resource concept is understanding finance as economic relations of formation, allocation and use of financial resource funds with the purpose of performing functions and tasks of the state/company and provision of conditions for expanded reproduction. According to this approach, the notion «financial system» is further determination of finance and shall be interpreted as the totality of relatively separated but mutually related spheres and links of relations, in the process of which centralized and decentralized financial resource funds are created and used. The institutional concept of the financial system considers finance as a social institution that organizes determined ways of interactions between individuals or their separate groups in the society. Its target purpose is to minimize transaction expenses arising at exchange of binding requirements for real resources in the economy. Under this approach, the financial system is understood as an aggregate of means — financial institutions and markets — which result from the evolution of social contracts and with the help of which intertime decisions and interactions are fulfilled and coordination of savings and investments in the economy is performed. The article shows that the alternative theoretical models of financial system contain structural elements heterogeneous by content and nature of interrelations, with various properties. The differences between them concern methodological approach to distinguishing qualitative signs which determine the essential nature and structure of the financial system; mechanism of formation and functioning of financial relations; nature of distribution and scheme of financial resources flow; the nature of functions of the financial system in the economic environment

Russian Capital in Latvia: Trends and Perspectives

Directory of Open Access Journals (Sweden)

N A Volgina

2015-12-01

Full Text Available The article deals the issue of the positions of Russian capital in Latvian market. The paper aims to estimate the volume and dynamics of Russian capital inflows into Latvia in compliance with Russian economic interests; to identify key sectors of Latvian economy that Russian capital is interested to invest in; to systemize information concerning Russian firms investing in Latvia; to assess the role of Russian capital in Latvian economy in comparison with other foreign investors; to propose author’s view on challenges and perspectives of Latvian-Russian investment cooperation in the situation of economic sanctions and geo-political conflict in east Ukraine. The author underlines that at the end of 2013, investments of Russian business to Latvia constituted about 5.0% of the total FDI stock and by that time Russia was the 7th largest investor with 0.5 bln euro of capital invested. The main sectors of Russian interests in Latvia are - gas supply, transport communications (transit corridors, banking and real estate. The article concludes that though the future of Russian-Latvian economic relations in the short-run is on a substantial pressure of geopolitical factors, the economic interests in mutual investment relations will prevail in the long-run perspectives.

24 CFR 84.21 - Standards for financial management systems.

Science.gov (United States)

2010-04-01

... 24 Housing and Urban Development 1 2010-04-01 2010-04-01 false Standards for financial management... and Program Management § 84.21 Standards for financial management systems. (a) HUD shall require.... (b) Recipients' financial management systems shall provide for the following: (1) Accurate, current...

45 CFR 2543.21 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 45 Public Welfare 4 2010-10-01 2010-10-01 false Standards for financial management systems. 2543... OTHER NON-PROFIT ORGANIZATIONS Post-Award Requirements Financial and Program Management § 2543.21 Standards for financial management systems. (a) Federal awarding agencies shall require recipients to relate...

38 CFR 49.21 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... Program Management § 49.21 Standards for financial management systems. (a) Federal awarding agencies shall... practical. (b) Recipients' financial management systems shall provide for the following. (1) Accurate... 38 Pensions, Bonuses, and Veterans' Relief 2 2010-07-01 2010-07-01 false Standards for financial...

36 CFR 1210.21 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... Program Management § 1210.21 Standards for financial management systems. (a) The NHPRC shall require.... (b) Recipients' financial management systems shall provide for the following. (1) Accurate, current... 36 Parks, Forests, and Public Property 3 2010-07-01 2010-07-01 false Standards for financial...

45 CFR 2541.200 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 45 Public Welfare 4 2010-10-01 2010-10-01 false Standards for financial management systems. 2541... STATE AND LOCAL GOVERNMENTS Post-Award Requirements § 2541.200 Standards for financial management... violation of the restrictions and prohibitions of applicable statutes. (b) The financial management systems...

THE ROLE OF THE FINANCIAL SYSTEM IN MARKET ECONOMY

Directory of Open Access Journals (Sweden)

CĂRUNTU GENU ALEXANDRU

2015-12-01

Full Text Available Financial system can be approached from the perspective of sales in socio-economic system, namely a global financing mechanism, taking version account specific components, such as: normative base regulatory a financialmonetary methods, forms and techniques version running streams Monetary Financial methods, techniques usable forms and version carrying cash flows, financial levers. Integration contexts, the financial system becomes part of gear intended to ensure implementation and regulation of money flows version compared with the normal performance requirements of real processes in the economy.

Financial Crisis and the Central Bank System

Directory of Open Access Journals (Sweden)

RICHARD POSPISIL

2015-05-01

Full Text Available The financial crisis that began in 2008 gradually developed into a global economic crisis and continues to this day. There is a lot of causes standing behind the creation, depth and process of the crisis, which is the deepest since the thirties of last centrury. One of the reasons can be found in the risky behavior of commercial banks, especially in the excessive lending of credits and mortgages. Its share on the financial crisis have central banks and their failure as the financial supervisory authority. But there is a lot of another causes of failures in the commercial banking system. And some of the causes lies outside the banking system and monetary policy. Its share of the blame has also become from state and its expenditure on the social policy.This article analyzes the role of the commercial banking system and the central banks on the financial crisis including prevention options and measures.

FINANCIAL CRISIS AND THE CENTRAL BANK SYSTEM

Directory of Open Access Journals (Sweden)

Richard POSPISIL

2015-07-01

Full Text Available The financial crisis that began in 2008 gradually developed into a global economic crisis and continues to this day. There is a lot of causes standing behind the creation, depth and process of the crisis, which is the deepest since the thirties of last centrury. One of the reasons can be found in the risky behavior of commercial banks, especially in the excessive lending of credits and mortgages. Its share on the financial crisis have central banks and their failure as the financial supervisory authority. But there is a lot of another causes of failures in the commercial banking system. And some of the causes lies outside the banking system and monetary policy. Its share of the blame has also become from state and its expenditure on the social policy.This article analyzes the role of the commercial banking system and the central banks on the financial crisis including prevention options and measures.

40 CFR 30.21 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 40 Protection of Environment 1 2010-07-01 2010-07-01 false Standards for financial management... Program Management § 30.21 Standards for financial management systems. (a) EPA shall require recipients to...) Recipients' financial management systems shall provide for the following. (1) Accurate, current and complete...

44 CFR 13.20 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 44 Emergency Management and Assistance 1 2010-10-01 2010-10-01 false Standards for financial... Standards for financial management systems. (a) A State must expand and account for grant funds in... financial management systems of other grantees and subgrantees must meet the following standards: (1...

Financing--The Basis of Organization and Realization of the Investment Policy of Russian Enterprises

Science.gov (United States)

Charaeva, Marina V.; Naumova, Olga A.; Kosyakova, Inessa V.; Denisov, Aleksandr D.

2016-01-01

The relevance of the research: the relevance of research problem caused the necessity in organization investment policy of Russian enterprises for intensification of their strategic investment development and insufficient development of theoretical and methodological aspects in attracting financial resources for the realization of investment…

Financial Flexibility as a Phenomenon of Manifestation of Flexibility of the Financial System at the Micro-level

Directory of Open Access Journals (Sweden)

Laktionova Oleksandra A.

2014-03-01

Full Text Available The article considers financial flexibility of economic subjects in the context of specific features of manifestation of this property at the micro-level of the financial system. It generalises various theoretical approaches to understanding the essence of the financial flexibility in the context of motives of its formation, sources and instruments of realisation. It specifies criteria of financial flexibility: manoeuvrability, efficiency and economy. It studies interrelation between the financial flexibility and financial restrictions at the micro-level and, consequently, factors that determine them: capital market imperfection, development level and structure of the financial system, cyclicity of economy, and company characteristics (including financial architecture. The article describes their distinguishing features. It states that apart from maintaining the financial flexibility during formation of money reserves and debt load resource the companies can be guided by other motives. It offers classification of types of financial flexibility based on the sources and goals of formation, influence upon the financial potential, stages of reproduction of financial resources, the instruments used, engaged elements of the financial mechanism, stages of the business cycle and types of the used financial resources.

An overview of Russian experience and capabilities for development of ATW/ABC systems

Science.gov (United States)

Kazaritsky, Vladimir D.

1995-09-01

Several Russian institutes are expected to undertake a feasibility study of nuclear power systems based on proton accelerators. The examined systems are intended for conversion of surplus Pu and transmutation of long-lived radioactive waste. This research motivated by the demilitarization agreements and criticism of traditional nuclear power is focused on environmental protection.

An overview of Russian experience and capabilities for development of ATW/ABC systems

Energy Technology Data Exchange (ETDEWEB)

Kazaritsky, V.D. [Institute for Theoretical and Experimental Physics, Moscow (Russian Federation)

1995-10-01

Several Russian institutes are expected to undertake a feasibility study of nuclear power systems based on proton accelerators. The examined systems are intended for conversion of surplus Pu and transmutation of long-lived radioactive waste. This research motivated by the demilitarisation agreements and criticism of traditional nuclear power is focused on environmental protection.

41 CFR 105-71.120 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false Standards for financial... violation of the restrictions and prohibitions of applicable statutes. (b) The financial management systems... the financial management system of any applicant for financial assistance as part of a preaward review...

45 CFR 92.20 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... with the financial reporting requirements of the grant or subgrant. (2) Accounting records. Grantees... advances to the grantees. (c) An awarding agency may review the adequacy of the financial management system... 45 Public Welfare 1 2010-10-01 2010-10-01 false Standards for financial management systems. 92.20...

45 CFR 602.20 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... financial reporting requirements of the grant or subgrant. (2) Accounting records. Grantees and subgrantees... advances to the grantees. (c) An awarding agency may review the adequacy of the financial management system... 45 Public Welfare 3 2010-10-01 2010-10-01 false Standards for financial management systems. 602.20...

14 CFR 1273.20 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... financial reporting requirements of the grant or subgrant. (2) Accounting records. Grantees and subgrantees... advances to the grantees. (c) An awarding agency may review the adequacy of the financial management system... 14 Aeronautics and Space 5 2010-01-01 2010-01-01 false Standards for financial management systems...

10 CFR 600.220 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... financial reporting requirements of the grant or subgrant. (2) Accounting records. Grantees and subgrantees... advances to the grantees. (c) An awarding agency may review the adequacy of the financial management system... 10 Energy 4 2010-01-01 2010-01-01 false Standards for financial management systems. 600.220...

Financial Network Systemic Risk Contributions

NARCIS (Netherlands)

Hautsch, N.; Schaumburg, J.; Schienle, M.

2015-01-01

We propose the realized systemic risk beta as a measure of financial companies' contribution to systemic risk, given network interdependence between firms' tail risk exposures. Conditional on statistically pre-identified network spillover effects and market and balance sheet information, we define

THE MIGHT OF RUSSIAN LANGUAGE ACCORDING TO SYNONYMIC DICTIONARY BY COMPUTER EVALUATION SYSTEM ASIS®

Directory of Open Access Journals (Sweden)

Vitaly N. Trishin

2013-01-01

Full Text Available The article describes electronic dictionary of synonyms in Russian language by ASIS® system (more than 500 000 words and collocations, 190 000 synonymic connections.The program can be used not just as a dictionary of synonyms and close meaning words, but also as spelling dictionary and definition dictionary of Russian language in order to check the orthography and define the meaning of unknown words. The dictionary is also designed to be an instrument of philological surveys and studies of the language trough the extensive query system on different characteristic of words (definition, composition, synonymy, etc.. Program’s lexical base includes words from dictionaries and guides in all subject areas - from astronomy to Japanese painting. Over compilation of dictionary developer used published dictionaries: spelling, synonymic, definition dictionaries, dictionary of collocations, dictionary of foreign words and etc. of 19-21 cc. Newspapers, magazines and web-resources were active used as well for appending the dictionary. This dictionary practically shows, that by the amount of words Russian language belongs with the most developed languages in the world, and by the scale and density of synonymic space, in the author’s opinion, it has no equal.

24 CFR 85.20 - Standards for financial management systems.

Science.gov (United States)

2010-04-01

... 24 Housing and Urban Development 1 2010-04-01 2010-04-01 false Standards for financial management... Administration § 85.20 Standards for financial management systems. (a) A State must expand and account for grant... statutes. (b) The financial management systems of other grantees and subgrantees must meet the following...

FINANCIAL SYSTEM STRUCTURE AND STABILITY DURING TRANSITION

Directory of Open Access Journals (Sweden)

Firtescu Bogdan

2012-07-01

Full Text Available The process of transition from socialist economy to market economy was not considered an end in itself, but a necessity, and standing proof to achieve high levels of sustainable development. All former socialist countries are characterized by an early transition recession transformation result of the restructuring, loss of markets, tough competition from foreign products, best quality, or in other cases cheaper. To express the financial system structure in transition we take into discussion data that reflects representatives mutations and restructuring in Central and Eastern European countries, such Bulgaria, Czech Republic, Hungary, Poland and Romania. For all countries we show some important changes of financial system during transition and construct an image matrix that illustrates important indicators of financial system structure and their adjustment.

Market entry mode and competency building of Western oil companies in the Russian up stream oil and gas industry

Science.gov (United States)

Stephenson, Paul M.

This dissertation investigated the market entry and competency building strategies within the context of the Russian oil and gas industry. The study was designed to be of interest to business practitioners and academics given the growing importance of fossil fuel in the energy balance of the global economy and the importance of Russia as a supplier and purchaser in the international market. The study's mixed methodology provides an understanding on the environmental factors that are postulated to impact foreign direct investment flow into Russia and the oil and gas sector. A case study of a fictitiously named Western-Russo oil company was conducted to provide a deep understanding of how capability is viewed by Russian and Western employees and the factors that influences the implementation of a successful competency development program. The case was centered on the development of a Well-Site supervisor group within a Western-Russian oil company. Findings of the study showed that there was no correlation between corruption and foreign direct investment inflow into the Russian economy. The findings also showed that both Russian and Western employees in the oil and gas industry are less focused on nontechnical competency development issues, that Western employees are more orientated towards the bottom-line than Russian employees, and that both groups see operational management as a core competency. In the area of financial management and technology application, there were significant differences in the viewpoint of both groups. Western employees saw a stronger need for financial management and less need for technology application when compared to their Russian counterparts. The results have implications for Western business contemplating entering the Russian oil and gas industry. Western firms need to understand the key drivers that will help them overcome the social and cultural barriers between Western and Russian employees. The role of the company leader is very

PLANNING AND COORDINATION OF ACTIVITIES SUPPORTING THE RUSSIAN SYSTEM OF CONTROL AND ACCOUNTING OF NUCLEAR MATERIALS AT ROSATOM FACILITIES IN THE FRAMEWORK OF THE U.S.-RUSSIAN COOPERATION

International Nuclear Information System (INIS)

SVIRIDOVA, V.V.; ERASTOV, V.V.; ISAEV, N.V.; ROMANOV, V.A.; RUDENKO, V.S.; SVIRIDOV, A.S.; TITOV, G.V.; JENSEN, B.; NEYMOTIN, L.; SANDERS, J.

2005-01-01

The MC and A Equipment and Methodological Support Strategic Plan (MEMS SP) for implementing modern MC and A equipment and methodologies at Rosatom facilities has been developed within the framework of the U.S.-Russian MPC and A Program. This plan developed by the Rosatom's Russian MC and A Equipment and Methodologies (MEM) Working Group and is coordinated by that group with support and coordination provided by the MC and A Measurements Project, Office of National Infrastructure and Sustainability, US DOE. Implementation of different tasks of the MEMS Strategic Plan is coordinated by Rosatom and US-DOE in cooperation with different U.S.-Russian MC and A-related working groups and joint site project teams. This cooperation allows to obtain and analyze information about problems, current needs and successes at Rosatom facilities and facilitates solution of the problems, satisfying the facilities' needs and effective exchange of expertise and lessons learned. The objective of the MEMS Strategic Plan is to enhance effectiveness of activities implementing modern equipment and methodologies in the Russian State MC and A system. These activities are conducted within the joint Russian-US MPC and A program aiming at reduction of possibility for theft or diversion of nuclear materials and enhancement of control of nuclear materials

36 CFR 64.12 - Standards for grantee financial management systems.

Science.gov (United States)

2010-07-01

... financial management systems. 64.12 Section 64.12 Parks, Forests, and Public Property NATIONAL PARK SERVICE... RIGHTS-OF-WAY § 64.12 Standards for grantee financial management systems. The grantees' Financial Management Systems shall meet the minimum standards set forth in OMB Circular A-102, Attachment G. ...

28 CFR 70.21 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 28 Judicial Administration 2 2010-07-01 2010-07-01 false Standards for financial management..., HOSPITALS AND OTHER NON-PROFIT ORGANIZATIONS Post-Award Requirements Financial and Program Management § 70.21 Standards for financial management systems. (a) Recipients must relate financial data to...

Cosmonaut Yury I. Onufrienko in the Russian Zvezda Service Module

Science.gov (United States)

2002-01-01

Cosmonaut Yury I. Onufrienko, Expedition Four mission commander, uses a communication system in the Russian Zvezda Service Module on the International Space Station (ISS). The Zvezda is linked to the Russian-built Functional Cargo Block (FGB) or Zarya, the first component of the ISS. Zarya was launched on a Russian Proton rocket prior to the launch of Unity. The third component of the ISS, Zvezda (Russian word for star), the primary Russian contribution to the ISS, was launched by a three-stage Proton rocket on July 12, 2000. Zvezda serves as the cornerstone for early human habitation of the station, providing living quarters, a life support system, electrical power distribution, a data processing system, flight control system, and propulsion system. It also provides a communications system that includes remote command capabilities from ground flight controllers. The 42,000-pound module measures 43 feet in length and has a wing span of 98 feet. Similar in layout to the core module of Russia's Mir space station, it contains 3 pressurized compartments and 13 windows that allow ultimate viewing of Earth and space.

Massive open online courses in foreign and Russian education system

Directory of Open Access Journals (Sweden)

Сергей Дмитриевич Каракозов

2014-12-01

Full Text Available The article discusses the phenomenon of MOOC (Massive Open Online Courses, which opened up new opportunities for the distance learning. Shows the advantages and disadvantages of the MOOC, the prospects of their use in the education system of Russia and in particular in the sector of teacher education. Research is executed within the State task Ministry of Education and Science of the Russian Federation, number of the state registration - 01201153724.

The Russian Federal Information System for Nuclear Material Control and Accounting: Yesterday, Today and Tomorrow

International Nuclear Information System (INIS)

Martyanov, A.A.; Pitel, V.A.; Berchik, V.P.; Kasumova, L.A.; Babcock, R.A.; Kilmartin, W.E.; Heinberg, C.L.

2002-01-01

Most enterprises in the Russian Federation are not prepared to report to the Russian Federal Nuclear Material Control and Accounting Information System (FIS) by the full function reporting method. The full function reporting method requires reporting inventory listings on a schedule based on nuclear material category, submission of individual inventory change reports, and reconciliation and closeout at the end of each reporting period. Most Russian enterprises do not have automated systems and do not have the resources to develop and implement such systems. Over the last two years, MinAtom put the regulations and national level nuclear material control and accounting (MC and A) software in place to require all enterprises in the Russian Federation to report summarized inventory listings to the FIS in January 2002. Enterprises do not need automated systems to comply with summarized reporting requirements. Along with the approximately 25% of the total Category 1 Material Balance Areas (MBAs) using full function reporting, the addition of this complete summarized inventory makes the FIS a more valuable tool for MinAtom management. The FIS is now poised to complete the work by improving the integrity and reliability of the data through increasing the number of enterprises and MBAs using full function reporting. There are obstacles and issues that must be dealt with along the way to achieving the final goal of every MBA sending inventory and inventory change reports using the full function reporting method. Summarized reporting is a major step toward this final goal. Currently all MBAs using full function reporting are doing so under a U.S. contract. FIS management recognized full function reporting could not be implemented in the near-term and prepared a plan with immediate, intermediate, and long-term FIS tasks. To address the major obstacles and optimize implementation, two paths need to be followed in parallel: developing the regulatory basis and overcoming

Development of Regulatory Documents for Creation (Upgrade) of Physical Protection Systems under the Russian/American MPC and A Program

International Nuclear Information System (INIS)

Izmaylov, Alexandr V.; Babkin, Vladimir; Kurov, Valeriy; Piskarev, Alexander; O'Brien, Patricia E.; Wright, Troy L.; Schlegel, Stephen C.; Hazel, Michael J.; Miller, Daniel R.; Tuttle, John D.; Kovchegin, Dmitry

2009-01-01

The development of new or the upgrade of existing physical protection systems (PPS) for nuclear facilities involves a multi-step and multidimensional process. The process consists of conceptual design, design, and commissioning stages. The activities associated with each of these stages are governed by Russian government and agency regulations. To ensure a uniform approach to development or upgrading of PPS at Russian nuclear facilities, the development of a range of regulatory and methodological documents is necessary. Some issues of PPS development are covered by the regulatory documents developed by Rosatom, as well as other Russian agencies with nuclear facilities under their control. This regulatory development has been accomplished as part of the U.S.-Russian MPC and A cooperation or independently by the Russian Federation. While regulatory coverage is extensive, there are a number of issues such as vulnerability analysis, effectiveness assessment, upgrading PPS, and protection of information systems for PPS that require additional regulations be developed. This paper reports on the status of regulatory coverage for PPS development or upgrade, and outlines a new approach to regulatory document development. It describes the evolutionary process of regulatory development through experience gained in the design, development and implementation of PPS as well as experience gained through the cooperative efforts of Russian and U.S. experts involved the development of MPC and A regulations.

Financial system and taxation: the role in the economy

OpenAIRE

Taha, Roshaiza

2017-01-01

The relationship between the financial system (specifically stock market development) and economic growth has been an important issue of debate. A well-functioning financial system can affect economic growth through the improvement of capital productivity and the efficient allocation of resources. The role of taxation as a major determinant of an active financial system and strong economic growth also becomes of interest to the researcher. Taxation through policy and revenue collection seems ...

Brief introduction about radiation hygiene in Russian navy

International Nuclear Information System (INIS)

Li Yu; Min Rui; Pan Zhen

2005-01-01

During long-time radiation working practice, there have been established comprehensive radiation hygiene system of technique and regulation in Russian navy. Brief introduction about radiation hygiene in Russian navy are as follows. (authors)

Reforming voluntary drug insurance in Russian healthcare: does social solidarity matter?

Science.gov (United States)

Gerry, Christopher J; Kaneva, Maria; Zasimova, Liudmila

2017-11-01

With low take-up of both private health insurance and the existing public drug reimbursement scheme, it is thought that less than 5% of the Russian population have access to free outpatient drug treatment. This represents a major policy challenge for a country grappling with reforms of its healthcare system and experiencing low or no economic growth and significant associated reductions in spending on social services. In this paper, we draw on data from a 2011 Levada-Center survey to examine the attitudes and social solidarity of the Russian population towards drug policies in general and towards the introduction of a proposed voluntary drug insurance system in particular. In addition to being among the first to explore these important questions in the post-Communist setting, we make three important contributions to the emerging policy debates. First, we find that, if introduced immediately and without careful planning and preparation, Russia's voluntary drug insurance scheme is likely to collapse financially due to the over-representation of high-risk unhealthy individuals opting in to the scheme. Second, the negative attitude of higher income groups towards the redistribution of wealth to the poor may further impede government efforts to introduce voluntary drug insurance. Finally, we argue that Russia currently lacks the breadth and depth of social solidarity necessary for implementing this form of health financing. Copyright © 2017 Elsevier B.V. All rights reserved.

7 CFR 3560.302 - Accounting, bookkeeping, budgeting, and financial management systems.

Science.gov (United States)

2010-01-01

... Financial Management § 3560.302 Accounting, bookkeeping, budgeting, and financial management systems. (a) General. Borrowers must establish the accounting, bookkeeping, budgeting and financial management... preparation, and financial management reporting systems through a revision of their management plan. (c...

Sustainable development of Russian regions

Directory of Open Access Journals (Sweden)

V. D. Kuz’menkova

2016-01-01

Full Text Available Sustainable development of administrative-territorial units (ATU refers to the main directions of Russian Federation state policy to ensure the security of the national economy to meet the vital needs of people and the preservation of such a possibility for the future generations. The article describes and analyzes the factors that have the most significant impact on the level of ATE development. The dynamics of the gross output of agriculture in Russia and its critical evaluation are presents. It was revealed that the development of the region is the basis of the national economy security. At present, the concept of “sustainable development” in Russia is relevant and the role of regions in the sustainable development of the Russian Federation is constantly increasing. Stability of self-financing of the regional economy is achieved through conducting effective fiscal, financial, credit, tax and price policy, establishment of equal inter-budgetary relations with the federal center, the development of the securities market, increasing the volume of exports. Conducted research allowed: to identify the main factors influencing the sustainable development of Russia regions. The reasons for the backlog of economy of the Smolensk region of the nationwide growth rate and direction of their elimination are examined. Formation of the forecast of domestic agriculture development in the period up to 2020 should be based on the priority position of the industry in the agricultural sector, which is determined by its decisive role in meeting the population’s needs for basic food products. Prospective volumes of production of major agricultural products are based on the need to meet the challenges provided by the Russian Federation Government Decree.

Dynamics of Financial System: A System Dynamics Approach

OpenAIRE

Girish K. Nair; Lewlyn Lester Raj Rodrigues

2013-01-01

There are several ratios which define the financial health of an organization but the importance of Net cash flow, Gross income, Net income, Pending bills, Receivable bills, Debt, and Book value can never be undermined as they give the exact picture of the financial condition. While there are several approaches to study the dynamics of these variables, system dynamics based modelling and simulation is one of the modern techniques. The paper explores this method to simulate the before mentione...

ANALYSIS OF THE MAIN STRUCTURAL CHARACTERISTICS OF THE ROMANIAN FINANCIAL SYSTEM

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Marius Constantin Apostoaie

2011-12-01

Full Text Available To know and to understand the factors within a financial system that significantly influences the institutions behaviour and the market responses to the central bank actions is of great importance for the monetary authorities and for the achievement of their monetary policy objectives. In Romania, the National Bank must pay special attention to financial institutions given their significant role in the process of financial intermediation (bank-based system. This study aims to conduct an investigation of the main coordinates of the Romanian financial system that are relevant for the study of the monetary policy transmission mechanism. The study focuses on the following features of the Romanian financial system: financial deepening, the existence of a bank-based system, the concentration degree of the Romanian banking sector, the balance sheet structure of monetary financial institutions and the soundness of the banking system. The study also considers the effects of the recent financial market turmoil on the financial system. The span of the empirical study covers the period after 2000 but brings to the forefront the period before and after October 2008. We believe that this research provides useful information for a future analysis of the Romanian monetary policy transmission mechanism.

Evaluating the Financial Stability of Banking System, Considering the Emergence Property

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Lesik Vitaliy O.

2017-03-01

Full Text Available The article is concerned with analyzing the existing approaches to evaluation of the financial stability of banking system, substantiating the expedience of accounting, and generalizing the characteristics of the emergence property to determine its level. The article considers the interrelation of concepts of «financial stability» and «financial sustainability», the necessity of their correlation, taking account of the time factor, has been substantiated. A critical analysis of the approaches to evaluating the financial stability of banking system has been carried out, their eligibility according to the criteria of accounting of the identification attributes of systemacity and the analytical data aggregation has been examined. To determine the status of banking system as a system phenomenon, the necessity of carrying out an evaluation of its financial stability on the basis of the emergence approach has been substantiated, including the following directions: intensity of credit and financial interaction in the interbank market; functional load of the banking system as to ensuring the macroeconomic development; structural changes and financial disparities in the banking system; scale effects that arise as a consequence of change in the main financial parameters of the system banks.

Institutional structure of the russian national innovative system: path dependence – effect

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Elena V. Kamko

2018-03-01

Full Text Available Objective to analyze the effects of the postperestroika period of the 1990s on the existing national innovation system of Russia and to assess it the present stage of development. Methods the study used traditional methods of analysis synthesis description analogy systematization and historical approach and institutional analysis based on the categorical apparatus of institutional matrices theory. Results the article is an attempt to understand the problems of the modern national innovation system through the prism of the 1990s which became the cause of its imperfections. It is emphasized that the systemic problems of the economy in that period made innovative development impossible which led to the loss of intellectual capital of the country. The abrupt transition from a planned to a market economy without a smooth adjustment accompanied by the reduction in public spending on research led to the paralysis of innovation in the real sector of the economy and reduction of hightech industries. The negative influence was also produced by privatization destruction of production chains due to the collapse of the Soviet Union as well as domestic structural adjustment of the postSoviet economies. In this regard the authors investigated the peculiarities of the Russian innovation system from the standpoint of institutional approach including the problems of staff and investment resources deficit and the historical dominance of the state in the organization of scientific research. Activity of the state is studied on the basis of the Russian venture capital analysis. The conclusions are formulated about the centralization of the institutional structure of scientific research and development. The possible directions of the national innovation system improvement with a view to achieve more effective results are specified. nbsp Scientific novelty the diagnostics of the problems of modern national innovation system is made in the context of institutional

Lithuanian financial system transformation in the context of globalization

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Arturas Balkevicius

2013-10-01

Full Text Available Purpose: The purpose of the article is to discuss the transformation of the Lithuania finance system in the context of globalization. Exploring the interdependence between the financial system and the economy, in different periods. Analyze the country’s financial system transformation after the crisis period. Methods: Contribution use general scientific methods, especially analysis, synthesis, comparison, induction and deduction. Essential sources of information were professional publications , statistic data of state Statistics Department, Bank of Lithuania, Euro stat. Scientific aim: Main aim of this article is to analyze the transformation of the Lithuania financial system and fined out the country’s economic growth and the financial system correlation, the main factors having a both positive and negative impact on economic growth. Findings: Findings of this article are new information in this area, which can be useful for another research. The correlation between the banks ‚ loans and GDP. However, this does not apply at the time of the economy fall. Conclusions: Economic growth in the financial sector and economic development is best visible analyzing in the correlation between the banks ‚ loans and GDP. However, this does not apply at the time of the economy fall. Banks ‚ relative indicators better reflects the weight of the financial sector and the impact on the national economy. We can see that 2011 banks relative indicators dropped to 2006 level. This shows how much the financial sector’s contribution decreased to economic development. Banks’ loans demand fall down. Lithuania has taken strict fiscal discipline and austerity measures. This have produced results quite quickly, in 2010 GDP grew by 3.4 percent, and in 2011 even 11.5 percent. Lithuania’s economy is recovering, but the financial sector and in particular banks still not recovering. The economic crisis has intervened in the banking system and has been surviving

Polish-Bulgarian-Russian, Bulgarian-Polish-Russian or Russian-Bulgarian-Polish dictionary?

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Violetta Koseska-Toszewa

2015-11-01

Full Text Available Polish-Bulgarian-Russian, Bulgarian-Polish-Russian or Russian-Bulgarian-Polish dictionary? The trilingual dictionary (M. Duszkin, V. Koseska, J. Satoła and A. Tzoneva is being elaborated based on a working Polish-Bulgarian-Russian electronic parallel corpus authored by Maksim Duszkin, Violetta Koseska-Toszewa and Joanna Satoła-Staśkowiak, and works by A. Tzoneva. It is the first corpus comparing languages belonging to three different Slavic language groups: western, southern and eastern. Works on the dictionary are based on Gramatyka konfrontatywna bułgarsko-polska (Bulgarian-Polish confrontative grammar and the proposed there semantic-oriented interlanguage. Two types of classifiers have been introduced into the dictionary: classic and semantic. The trilingual dictionary will present a consistent and homogeneous set of facts of grammar and semantics. The Authors point out that in a traditional dictionary it is not clear for example whether aspect should be understood as imperfective / perfective form of a verb or as its meaning. Therefore in the dictionary forms and meaning are separated in a regular way. Imperfective verb form has two meanings: state and configuration of states and events culminating in state. Also perfective verb form has two meanings: event and configuration of states and events culminating in event. These meanings are described by the semantic classifiers, respectively, state and event, state1 and event1. The way of describing language units, mentioned in the article, gives a possibility to present language material (Polish, Bulgarian, Russian in any required order, hence the article’s title.

Preventing Social Orphanhood: the Russian Model

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Semya G.V.,

2016-04-01

Full Text Available The article explains the Russian model of social orphanhood eradicating based on the analysis of the dynamics of the adoption and foster care and social orphanhood prevention, the legislation development and a compari- son with the international experience. The effectiveness of the state policy is depends on focus of the top federal and regional officials, the dynamic legis- lative development, federal financial support and creative accomplishing the tasks of social orphanhood eradicating throughout the country. Author proposes methodology for evaluating the regions performance based on math- ematical models of the continuity equation. The article identifies a number of factors determine the features of the state policy implementation throughout Russia, including ethnic and religious factors, geographical proximity to the international experience, migration flows, climatic conditions, and the health level. It is pointed out that the implementation of the National Strategy for Action on Children plays a key role in forming the Russian model. The main modern challengers are defining the strategy and tactics of the family and foster care of children difficult to place in family, services on interdepartmental basis, and economic crisis, which may lead to an increasing return of children from foster families.

Conceptual design of technical security systems for Russian nuclear facilities physical protection

International Nuclear Information System (INIS)

Izmailov, A.V.

1995-01-01

Conceptual design of technical security systems (TSS) used in the early stages of physical protection systems (PPS) design for Russia nuclear facilities is discussed. The importance of work carried out in the early stages was noted since the main design solutions are being made within this period (i.e. selection of a structure of TSS and its components). The methods of analysis and synthesis of TSS developed by ''Eleron'' (MINATOM of Russia) which take into account the specific conditions of Russian nuclear facilities and a scope of equipment available are described in the review. TSS effectiveness assessment is based on a probability theory and a simulation. The design procedure provides for a purposeful choice of TSS competitive options including a ''cost-benefit'' criterion and taking into account a prechosen list of design basis threats to be used for a particular facility. The attention is paid to a practical aspect of the methods application as well as to the bilateral Russian-American scientific and technical co-operation in the PPS design field

CONSIDERATIONS REGARDING THE REFORM OF THE EUROPEAN FINANCIAL SUPERVISION SYSTEM

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Persida Cechin Crista

2012-01-01

Full Text Available Financial stability has a crucial role in the financial system and in the economy as a whole, as shown by the current worldwide economic crisis. Therefore, in order to protect the financial system and to ensure financial stability, the identification of the main risk and vulnerability sources is of utmost importance. All involved parties, as well as financial institutions and supervision authorities need to be informed about the risks.Banks, insurance companies and other financial institutions represent the first line of defence against financial crises. These institutions are responsible for maintaining their viability and solvency, as well as for checking the debtors’ credit worthiness and for managing the undertaken risks.

41 CFR 105-72.301 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false Standards for financial... Management § 105-72.301 Standards for financial management systems. (a) Federal awarding agencies shall... practical. (b) Recipients' financial management systems shall provide for the following. (1) Accurate...

76 FR 44763 - Authority To Designate Financial Market Utilities as Systemically Important

Science.gov (United States)

2011-07-27

... institutions and markets and thereby threaten the stability of the U.S. financial system.\\4\\ \\3\\ See 12 U.S.C... markets, financial institutions, or the broader financial system; and E. Any other factors that the... Markets, Financial Institutions or the Broader Financial System Subcategory (D)(1): Role of an FMU in the...

Can a return to Glass-Steagall provide financial stability in the US financial system?

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Jan Kregel

2010-01-01

Full Text Available In the immediate aftermath of the current financial crisis in the United States the response has been to resolve small and medium size banks, while large banks experiencing financial trouble have been given both direct and indirect government support. This, however, has resulted in a number of larger banks absorbing smaller ones, creating an even smaller number of even larger banks that dominate the financial system. This article deals first with a comparison of the problems created by “too big to fail†financial institutions. The second section deals with the possible restoration of Glass-Steagall type legislation as a means of restoring single-function financial institutions. It concludes that alternatives to separation of functions will have to be found to deal with multifunction financial institutions since most lending activity requires securities markets activities.

Development of the personnel training and qualification system of the Russian Federation Nuclear Regulatory Authority

International Nuclear Information System (INIS)

Kapralov, E.; Kapralov, Y.; Kozlov, V.

2006-01-01

The new personnel training and qualification system is being developed for russian regulatory body, having a very big number of employees and invited experts and widly territorially distributed structure. (author)

Modernization for safety purposes of Russian nuclear power plants with channel-type reactors

International Nuclear Information System (INIS)

Riakhin, V.M.

1999-01-01

The nineties have crucially changed the Russian policy towards channel-type reactors known as RBMK. After the period of intensive commissioning the new Units (Kursk NPP: 1976, 1979, 1983,1985; Smolensk NPP 1982, 1985, 1990), the main financial flow was directed into reconstruction of these units. Safety upgrade of the units of Kursk NPP is presented in more details

[The development of the system of medical rehabilitation based at the Russian health resort facilities: investment prospects].

Science.gov (United States)

Povazhnaya, E L; Gusakova, E V; Moiseenko, S V

2018-05-21

The present work is devoted to the prospects for attracting investments for the maintenance and development of the medical rehabilitation practices based at the Russian health resort facilities. The article describes the prerequisites for the enhancement of the investment attractiveness of the development of the system of medical rehabilitation in the said institutions including the formulation and strengthening of the legal and regulatory framework, the capacity for the organization of the second and third stages of medical rehabilitation in the existing spa and health resort facilities, the attraction of the funds of compulsory medical insurance as an additional source of the financial support. The main legal documents regulating the organization and provision of medical rehabilitation based at the spa and health resort facilities are presented. The results of the implementation of the investment concept of the development of medical rehabilitation in the framework of the system of health resort treatment as exemplified by the experience of JSC «The group of companies «Medsi» are discussed. It is shown that the development of medical rehabilitation based at the spa and health resort facilities greatly contributes to the significant expansion of the potential customer base and promotes the further growth of business scale.

Application of the System Approach to Financial Services Market Research

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Dubyna Maksym V

2016-08-01

Full Text Available The article analyzes the nature of the financial services market by using the system approach methodology. In particular, the attention is focused on the already existing conceptual approaches to defining the nature of this market, their basic aspects are analyzed. The use of the system approach allowed to identify the essence of the financial services market as a single, complex system, which is proposed to be considered as an aggregate number of consumers and providers of financial services operating within a single economic space, their relationships emerging to meet different in their nature demands for financial services, with their interrelation being associated with movement of financial resources within this space and partially accompanied by processes of transformation of temporary free funds of economic entities into credit and investment resources. In the article the system components and the relationships between them are determined, the elements of the environment are identified and their relationship with the market for financial services described.

Monetary targeting and financial system characteristics : An empirical analysis

NARCIS (Netherlands)

Samarina, A..

2012-01-01

This paper investigates how reforms and characteristics of the financial system affect the likelihood of countries to abandon their strategy of monetary targeting. Apart from financial system characteristics, we include macroeconomic, fiscal, and institutional factors potentially associated with

REXS : A financial risk diagnostic expert system

Directory of Open Access Journals (Sweden)

W. Richter

2012-01-01

Full Text Available

ENGLISH ABSTRACT: Artificial intelligence techniques are rapidly emerging as important contributors to more effective management. One of the greatest growth areas probably lies in the use of Expert System methodology for supporting managerial decision processes.
Existing Decision Support Systems often attempt to apply analytical techniques in combination with traditional data access and retrieval functions. One of the problems usually encountered while developing such decision support systems is the need to transform an unstructured problem environment into a structured analytical model. Using an expert system approach to strategic decision making in such unstructured problem environments may provide significant advantages.
The financial Risk diagnostic EXpert System (REXS concentrates on Financial Risk Analysis. Based on a Forecasting Model the system will, with the support of several expert system knowledge bases, attempt to evaluate the financial risk of a business and provide guidelines for improvement.

AFRIKAANSE OPSOMMING: Tegnieke gebaseer op Kunsmatige Intelligensie toon tans die belofte om belangrike bydraes te maak tot meerBestaande Besluitsteunstelsels poog dikwels om analitiese tegnieke en lradisionele datatoegang- en onttrekkingsfunksies te kombineer. Een van die probleme wat gewoonlik ondervind word gedurende die ontwikkeling van '0 besluitsteunstelsel bestaan uit die behoefte om 'n ongestruktueerde probleemomgewing te transformeer na 'n gestruktueerde analitiese model. 'n Ekspertstelselbenadering lot strategiese besluitneming in 'n ongeSlruktureerde probleemomgewing mag betekenisvolle voordele inhou.
Die "financial Risk diagnostic EXpert System (REXS" konsentreer op fmansiele risiko-analise. Uitgaande vanaf 'n Vooruitskattingsmode~ en deur gebruik te maak van verskeie ekspertstelselkennisbasisse, poog die stelsel om die fmansiele risiko van 'n onderneming te evalueer en riglyne vir moontlike verbetering

Implementation of Financial Sustainability in Organizations through Valuation of Financial Leverage Effect in Russian Practice of Financial Management

Science.gov (United States)

Ashmarina, Svetlana I.; Zotova, Anna S.; Smolina, Ekaterina S.

2016-01-01

The article considers the need of ensuring the sustainable development of organizations in the unstable external environment; financial sustainability which is understood as the optimal structure of funding sources of a business entity is proved to be the most significant factor of sustainable development. The article proves that the index of…

THE OPTIMIZATION OF THE ENTERPRISE FINANCIAL ANALYSIS TROUGH THE FINANCIAL SYSTEM OF CONTROL DU PONT

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GÂDOIU MIHAELA

2016-06-01

Full Text Available The return on assets and the return on equity are essential indicators for the assessment of the company performance. They have a rich financial content, but there are many cases where the figure sometimes shows a “prettier” reality. In such cases it is necessary to treat and interpret financial rates with caution, taking into account, at the same time, other methods used in the financial analysis. The objective of this paper is to present a popular financial diagnosis optimization method - the Du Pont financial control system, that has an important role in the financial analysis of the company because it is related to the return on assets and the return on equity of the company as a result of the interaction of several factors synthesized through reports built based on information taken from the annual financial statements.

75 FR 79982 - Authority To Designate Financial Market Utilities as Systemically Important

Science.gov (United States)

2010-12-21

... among financial institutions or markets and thereby threaten the stability of the financial system of... of significant liquidity or credit problems spreading among financial institutions or markets and... would have on critical markets, financial institutions, or the broader financial system; and (E) Any...

DYNAMICS OF FINANCIAL SYSTEM: A SYSTEM DYNAMICS APPROACH

Directory of Open Access Journals (Sweden)

Girish K Nair

2013-01-01

Full Text Available There are several ratios which define the financial health of an organization but the importance of Net cash flow, Gross income, Net income, Pending bills, Receivable bills, Debt, and Book value can never be undermined as they give the exact picture of the financial condition. While there are several approaches to study the dynamics of these variables, system dynamics based modelling and simulation is one of the modern techniques. The paper explores this method to simulate the before mentioned parameters during production capacity expansion in an electronic industry. Debt and Book value have shown a non-linear pattern of variation which is discussed. The model can be used by the financial experts as a decision support tool in arriving at conclusions in connection to the expansion plans of the organization.

The Analysis of Human Resources Policies and Regional Financial Accounting System on Regional Government Financial Statements’ Quality

Directory of Open Access Journals (Sweden)

Aida Nahar

2018-02-01

Full Text Available Accountability of local governments in the implementation of policies should be carried out with the financial statements present the quality. Qualitative characteristics of financial statements described in PP 24/ 2005 that the qualitative characteristics of financial statements is a normative measurement that needs to be realized in the accounting information that can be fulfil its purpose. To be able to raise the normative requirements, this characteristics is absolutely necessary in order to meet the government 's financial statements desired qualities are: relevant, reliable, comparable, and understandable.The population of this research is PPK-SKPD in Karesidenan Pati. Consisting of: Regency Jepara, Kudus, Pati , Rembang, Blora, and Grobogan, totally 113 SKPD with 73 respondents with a random sampling technique . Data analysis technique used is multiple regression analysis. The results mentioned that human resource policies affect the quality of financial reporting by 4.167. Implementation of the system accounting effect on the quality of financial reporting by 3.309 % . Human resources policies and implementation of accounting systems affect the quality of financial statements. This study did not succeed accept hypothesis 5 proved that the value of t = -1.021 and p = 0.311, which means that the BPK audit does not affect the relationship between the Application System Accounting for the Quality of Regional Financial Statements.

Russian nominal semantics and morphology

DEFF Research Database (Denmark)

Nørgård-Sørensen, Jens

The principal idea behind this book is that lexis and grammar make up a single coherent structure. It is shown that the grammatical patterns of the different classes of Russian nominals are closely interconnected. They can be described as reflecting a limited set of semantic distinctions which ar...... or weaker, of Russian. Students will see a pattern in what is traditionally described as disparate subsystems, and linguists may be inspired to consider the theoretical points concerning language as a coherent system, determining usage.......The principal idea behind this book is that lexis and grammar make up a single coherent structure. It is shown that the grammatical patterns of the different classes of Russian nominals are closely interconnected. They can be described as reflecting a limited set of semantic distinctions which...... are also rooted in the lexical-semantic classification of Russian nouns. The presentation focuses on semantics, both lexical and grammatical, and not least the connection between these two levels of content. The principal theoretical impact is the insight that grammar and lexis should not be seen...

The system of Collective Security of the Russian Federation in the format of CSTO and preconditions of its creation

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Gontar Sergey Mikhailovich

2013-11-01

Full Text Available The article deals with the essence of the security of the States included in the Collective Security Treaty Organization. The author gives the definition to the system of collective security in the CSTO. The main intergovernmental bodies of the Organization and the structure of the forces and means of the CSTO collective security system are outlined. The author enumerates the main sources of a military threat and threats to the national security of the Russian Federation arising at the turn of the XXI century, as well as peculiarities of their arising and development. The prerequisites for a system of collective security of the Russian Federation in the format of CSTO are identified. On the basis of the conducted research the author proposes the basic directions of activity of the Russian leadership in the field of development of the CSTO as an integral part of Eurasian security.

Existence crises of actual financial management systems

OpenAIRE

SVASTA Mihai

2009-01-01

The present financial management systems reflects only partially the economic reality and they are no longer able to act as an instrument for the management. It is absurd that an economy populated by business models based on 21st century technology to use financial management systems based mainly on the same principles formalised by Luca Paciolli in 1494. Therefore, one of the causes of the current economic crisis could be the lack of coordination between the evolution of the business models ...

Establishment of the Russian Safeguards Methodology and Training Centre

International Nuclear Information System (INIS)

Guardini, S.; Cuypers, M.; Frigola, P.; Gubanov, V.; Ryazanov, B.; Volodin, Y.

1995-01-01

The Russian Federation has recently decided to transform and reinforce its State System of Accountancy and Control (SSAC) of nuclear materials. At the basis of the new system, consistent with the example of other national or regional systems, a laboratory framework giving reference and traceability to international standards, methodological support and training is planned. This last point includes the establishment of laboratories and facilities designed for the development, calibration, evaluation of the performances and training in the proper use of measurement methods and containment and surveillance measures, which are the basis for the implementation of an objective and sound nuclear material accountancy and control system. These projects will have to be tailored to the requirements of the nuclear fuel cycle in the Russian Federation and may eventually also be of interest for other countries in the CIS. The European Commission, in the framework of the collaboration with the Russian Federation, has proposed and initiated projects oriented to supporting the above plans. One of these projects concerns the establishment of the Russian Methodological and Training Centre RMTC at the Institute of Physics and Power Engineering (IPPE) of OBNINSK, Kaluga Region, in the Russian Federation. This paper describes the main features of the RMTC project

Russian Contract Law for Foreigners

Directory of Open Access Journals (Sweden)

Andrey Shirvindt

2015-01-01

Full Text Available The book by Maria Efremova, Svetlana Yakovleva and Jane Henderson aims to serve as a short introduction to Russian contract law for a foreign lawyer. Assuming that the target readership are mainly English lawyers the book’s second aim, expressly stated by the authors (pp. i, 1, is to make lawyers from common law countries familiar with codified law, with Russian law being just an example. The book covers most of the general law of obligations as well as some questions of formation and invalidity of contracts that belong to the general part of the Civil Сode, with this preceded by a brief introduction into the Russian law dealing with its history, federal structure and state agencies of Russia, its court system, sources of law and legal profession.

The American Aid to the Russian Reforms at the End of the Twentieth Century

Science.gov (United States)

Tarasova, Yuliya A.; Bolshakova, Lyubov S.; Yasenitsky, Igor A.; Larionova, Marija B.

2016-01-01

The importance of the studied problem is caused by the USA's leading role in the development of modern world order and the economy, its influence in the international economic organizations. The article is aimed at revealing the reasons of choosing neoliberal strategy for Russian reforms, the amount and results of the American financial and…

RESEARCH OF RUSSIAN HIGH TECHNOLOGY MEDICAL EQUIPMENT MARKET: THE SOCIO-ECONOMIC ASPECTS

Directory of Open Access Journals (Sweden)

Станислав Сергеевич Отставнов

2013-04-01

Full Text Available The article presents the data obtained from comprehensive study of russian hi-tech medical equipment market. The size and the structure of Russian medical equipment market in 2005-2011 were investigated and market size forecast for 2012-2015 was given. Priority segments of Russian high-tech medical equipment market were identified (products with a high degree of visualization, anesthetic and ventilation equipment, patient monitors  based on the analysis of literature sources and morbidity structure. Key players in key segments of the market were identified and their financial performance such as number of employees, revenue, net profit, researches and development expenses were compared (according to actual annual reports.Research allowed to draw the following conclusion: today in the key segments of Russian high-tech medical equipment market the leadership of foreign companies  (Hitachi, Philips, Siemens, Toshiba, General Electric, Dräger is indisputable, objective preconditions for the fundamental change of the situation are absent. Import substitution requires the consolidation of domestic producers, adequate funding and human resource.The results can be used in practice by medical industry companies and State authorities on purpose to upgrade the medical industry.DOI: http://dx.doi.org/10.12731/2218-7405-2013-1-31

Contradictions and conflicts of the contemporary Russian education

Directory of Open Access Journals (Sweden)

M M Akulich

2016-12-01

Full Text Available The article considers the contradictions and conflicts of the contemporary Russian education focusing on the opportunities for conflict management. The research is based on the institutional and system approaches, in particular on the sociological conceptions of social conflict and social cohesion. The author conducted a historical and sociological analysis of social conflicts and social cohesion in the educational sphere, and such conflicts seem to be the result of the contradictions inherent in this social institution. The article identifies basic types of conflicts in the Russian education, and the ways of resolving them by the subjects of the educational system for such conflicts are manageable, especially within the interaction of educational system and society. To verify the proposed typology of conflicts in the contemporary Russian education the author conducted an empirical study to develop a system of practical measures that will help to improve the quality of learning of pupils and students, and will have a positive impact on the functioning and development of the contemporary Russian society. Thus, the article may be useful to sociologists, teachers, educational managers and readers interested in the specifics of social conflicts and the ways for resolving conflict situations.

15 CFR 14.21 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Standards for financial management...-PROFIT, AND COMMERCIAL ORGANIZATIONS Post-Award Requirements Financial and Program Management § 14.21 Standards for financial management systems. (a) The Grants Officer shall require recipients to relate...

Determinants of Economic Growth: Empirical Evidence from Russian Regions

Directory of Open Access Journals (Sweden)

Svetlana Ledyaeva

2008-06-01

Full Text Available A modification of Barro and Sala-i-Martin empirical framework of growth model is specified to examine determinants of per capita growth in 74 Russian regions during period of 1996-2005. We utilize both panel and cross-sectional data. Results imply that in general regional growth in 1996-2005 is explained by the initial level of region's economic development, the 1998 financial crisis, domestic investments, and exports. Growth convergence between poor and rich regions in Russia was not found for the period studied.

Network versus portfolio structure in financial systems

Science.gov (United States)

Kobayashi, Teruyoshi

2013-10-01

The question of how to stabilize financial systems has attracted considerable attention since the global financial crisis of 2007-2009. Recently, Beale et al. [Proc. Natl. Acad. Sci. USA 108, 12647 (2011)] demonstrated that higher portfolio diversity among banks would reduce systemic risk by decreasing the risk of simultaneous defaults at the expense of a higher likelihood of individual defaults. In practice, however, a bank default has an externality in that it undermines other banks’ balance sheets. This paper explores how each of these different sources of risk, simultaneity risk and externality, contributes to systemic risk. The results show that the allocation of external assets that minimizes systemic risk varies with the topology of the financial network as long as asset returns have negative correlations. In the model, a well-known centrality measure, PageRank, reflects an appropriately defined “infectiveness” of a bank. An important result is that the most infective bank needs not always to be the safest bank. Under certain circumstances, the most infective node should act as a firewall to prevent large-scale collective defaults. The introduction of a counteractive portfolio structure will significantly reduce systemic risk.

Size and complexity in model financial systems

Science.gov (United States)

Arinaminpathy, Nimalan; Kapadia, Sujit; May, Robert M.

2012-01-01

The global financial crisis has precipitated an increasing appreciation of the need for a systemic perspective toward financial stability. For example: What role do large banks play in systemic risk? How should capital adequacy standards recognize this role? How is stability shaped by concentration and diversification in the financial system? We explore these questions using a deliberately simplified, dynamic model of a banking system that combines three different channels for direct transmission of contagion from one bank to another: liquidity hoarding, asset price contagion, and the propagation of defaults via counterparty credit risk. Importantly, we also introduce a mechanism for capturing how swings in “confidence” in the system may contribute to instability. Our results highlight that the importance of relatively large, well-connected banks in system stability scales more than proportionately with their size: the impact of their collapse arises not only from their connectivity, but also from their effect on confidence in the system. Imposing tougher capital requirements on larger banks than smaller ones can thus enhance the resilience of the system. Moreover, these effects are more pronounced in more concentrated systems, and continue to apply, even when allowing for potential diversification benefits that may be realized by larger banks. We discuss some tentative implications for policy, as well as conceptual analogies in ecosystem stability and in the control of infectious diseases. PMID:23091020

28 CFR 66.20 - Standards for financial management systems.

Science.gov (United States)

2010-07-01

... financial reporting requirements of the grant or subgrant. (2) Accounting records. Grantees and subgrantees... advances to the grantees. (c) An awarding agency may review the adequacy of the financial management system... 28 Judicial Administration 2 2010-07-01 2010-07-01 false Standards for financial management...

Russian geological education in the world market (the case of Russian State Geological Prospecting University

Directory of Open Access Journals (Sweden)

Vasily Ivanovich Lisov

2016-12-01

Full Text Available Higher geological education in Russia and in MSGPI-RSGPU specific. It - engineering. The mineral deposits determine the development of the global industry and foreign trade. Growing global demand for the profession of geologists and mining engineers. Training of foreign students in Russia has its own geopolitical and economic importance. In Russia a strong resource-based economy. It attracts students from developing countries. MGRI-RSGPU is the leading universities training specialists for mining. The article presents data about the University and types of education. Shown scientific and educational problems in higher education. This article discusses the prospects for the promotion of Russian higher geological education at the world market of educational services. The increasing role of new scientific and technological achievements in mining, enhanced environmental as well as staff requirements is revealed. Given that the leading schools in the mining industry, in addition to Russia, are formed in Canada, Germany, USA, Australia, Great Britain, many developing countries rich in natural resources, have begun to form their own national centers for training in this area. Under such competitive conditions Russian geological education maintains its own niche. Recognition of this is the active participation of Russian universities in the creation and development of the World Forum of sustainable development of mineral universities (WFURS, described in the article. The main factors of competitiveness that led to leading positions of Russian State Geological Prospecting University in system of the Russian geological education are described. Particular attention is paid to the international activities of Russian higher educational institutions including Geological Prospecting University. The basic statistics (both in the context of the country, and in the field of foreign undergraduate and graduate students enrolled at this university is provided. The

43 CFR 12.60 - Standards for financial management systems.

Science.gov (United States)

2010-10-01

... 43 Public Lands: Interior 1 2010-10-01 2010-10-01 false Standards for financial management systems... AUDIT REQUIREMENTS AND COST PRINCIPLES FOR ASSISTANCE PROGRAMS Uniform Administrative Requirements for... Standards for financial management systems. (a) A State must expand and account for grant funds in...

A Simple Hybrid Synchronization for a Class of Chaotic Financial Systems

Directory of Open Access Journals (Sweden)

Jiming Zheng

2017-01-01

Full Text Available It is an important to achieve the hybrid synchronization of the chaotic financial system. Chaos synchronization is equivalent to the error system which is asymptotically stable. The hybrid synchronization for a class of finance chaotic systems is discussed. First, a simple single variable controller is obtained to synchronize two identical chaotic financial systems with different initial conditions. Second, a novel algorithm is proposed to determine the variables of the master system that should antisynchronize with corresponding variables of the slave system and use this algorithm to determine the corresponding variables in the chaotic financial systems. The hybrid synchronization of the chaotic financial systems is realized by a simple controller. At the same time, different controllers can implement the chaotic financial system hybrid synchronization. In comparison with the existing results, the obtained controllers in this paper are simpler than those of the existing results. Finally, numerical simulations show the effectiveness of the proposed results.

15 CFR 24.20 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... financial reporting requirements of the grant or subgrant. (2) Accounting records. Grantees and subgrantees... advances to the grantees. (c) An awarding agency may review the adequacy of the financial management system... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Standards for financial management...

13 CFR 143.20 - Standards for financial management systems.

Science.gov (United States)

2010-01-01

... financial reporting requirements of the grant or subgrant. (2) Accounting records. Grantees and subgrantees... advances to the grantees. (c) An awarding agency may review the adequacy of the financial management system... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Standards for financial management...

Quantifying Risk of Financial Incapacity and Financial Exploitation in Community-dwelling Older Adults: Utility of a Scoring System for the Lichtenberg Financial Decision-making Rating Scale.

Science.gov (United States)

Lichtenberg, Peter A; Gross, Evan; Ficker, Lisa J

2018-06-08

This work examines the clinical utility of the scoring system for the Lichtenberg Financial Decision-making Rating Scale (LFDRS) and its usefulness for decision making capacity and financial exploitation. Objective 1 was to examine the clinical utility of a person centered, empirically supported, financial decision making scale. Objective 2 was to determine whether the risk-scoring system created for this rating scale is sufficiently accurate for the use of cutoff scores in cases of decisional capacity and cases of suspected financial exploitation. Objective 3 was to examine whether cognitive decline and decisional impairment predicted suspected financial exploitation. Two hundred independently living, non-demented community-dwelling older adults comprised the sample. Participants completed the rating scale and other cognitive measures. Receiver operating characteristic curves were in the good to excellent range for decisional capacity scoring, and in the fair to good range for financial exploitation. Analyses supported the conceptual link between decision making deficits and risk for exploitation, and supported the use of the risk-scoring system in a community-based population. This study adds to the empirical evidence supporting the use of the rating scale as a clinical tool assessing risk for financial decisional impairment and/or financial exploitation.

On the modernization of public production in Russian Federation

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Abel Gezevich Aganbegyan

2011-06-01

Full Text Available The paper identifies a number of key areas of economic modernization - modernization of property, modernization of financial system, modernization of regional governance and modernization of social sphere. The problems that arise in these areas and their solutions are noted. Disclosure of modernization of the real sector of the economy is made. Mechanisms of technological renovation and restructuring, the sources of the rapid modernization of public production are defined. Modernization of property includes: mass privatization of state property, aimed at its commercial use and creation of favorable economic environment for small business development. Modernization of the financial system must follow the path of reducing the tax burden on business and increasing the role of banks (assets of the banks should not be less than 150% of GDP. Technological upgrade in the real sector will allow raising productivity by 2-3 times in the next 7-10 years, to halve energy intensity of GDP, to create material conditions for manufacturing of innovative products. The restructuring will help diversify the economic structure and exports, create competitive advantages for taking leading position in the field of aerospace engineering, production and export of electricity and electric machine manufacturing products, production of finished goods made from synthetic materials of forest products over time to become the world's leader. A prerequisite condition of rapid modernization are doubling investment rate on the basis of large-scale privatization, redemption of government bonds, formation of the Russian market funds of "long" money (funded pensions, insurance, mutual funds and development of banking system.

Does financial system influence tax revenue? The case of Nigeria ...

African Journals Online (AJOL)

We examined the influence of financial system activities on tax revenue ... our analysis showed that financial system activities influence tax revenue ... causality test and variance decomposition results corroborate our regression results.

Systemic risk in the energy sector: is there need for financial regulation?

NARCIS (Netherlands)

Kerste, M.; Gerritsen, M.; Weda, J.; Tieben, B.

2015-01-01

The credit crisis points at serious systemic risks in Over The Counter derivative trading. This has resulted in new financial regulation, covering both the financial sector and non-financial sectors. The actual extent to which non-financial companies trading on OTC markets contribute to systemic

The Russian Economy and Resources Available for Military Reform and Equipment Modernization

Science.gov (United States)

2010-09-01

l’infrastructure industrielle à produire des armes modernes à la crise démographique qui menace le pays. Les conclusions présentées ont pour objectif d’éclairer... innovation rather than natural resources. The obstacles however are many and although the latest financial crisis may have rendered the transition...40 19 Science and innovation in the Russian Federation compared to the average for OECD countries

Management of Russian military plutonium

International Nuclear Information System (INIS)

Zaleski, C.P.

1996-01-01

The objective of this paper is to propose and discuss a solution which enables storing as quickly as possible all weapons-grade plutonium from Russian military program in a way which would prevent diversion. Two main conditions apply to this solution. First, it should be achieved in a manner acceptable to Russian government, notably by preserving plutonium for possible future energy production, and second, the economics of the total system should be good enough to ensure no charge or limited charge for the storage of plutonium. A proposal is made to store plutonium in a specially designed fast reactor or specially designed reactor core. This solution could be favorable in comparison to other solutions applying the above mentioned goal and conditions. Additionally the proposed solution would have the following side advantages: utilizing available personnel and installations of the Russian nuclear complex; providing possible basis for decommissioning of older and less safe Russian reactors; giving experience of construction and operation of a series of sodium-cooled fast reactors. The major problem however is the need for large capital investment with the risk of getting no adequate return on investment due to difficult political and economic situation in Russia

Development of a Web-based financial application System

Science.gov (United States)

Hasan, M. R.; Ibrahimy, M. I.; Motakabber, S. M. A.; Ferdaus, M. M.; Khan, M. N. H.; Mostafa, M. G.

2013-12-01

The paper describes a technique to develop a web based financial system, following latest technology and business needs. In the development of web based application, the user friendliness and technology both are very important. It is used ASP .NET MVC 4 platform and SQL 2008 server for development of web based financial system. It shows the technique for the entry system and report monitoring of the application is user friendly. This paper also highlights the critical situations of development, which will help to develop the quality product.

The Russian gas industry

International Nuclear Information System (INIS)

1997-01-01

The Russian Federation holds the world's largest proven natural gas reserves, and produces more natural gas than any other nation. Russian exports of gas to Europe and the other nations of the Commonwealth of Independent States (CIS) have a significant impact on natural gas markets throughout Europe and Asia. The aim of this three part study is to inform the international energy and investment community about the current status of the Russian gas industry and the prospects for its future development through 2010. It is also intended to provide an opportunity for the appropriate authorities in the Russian Federation to assess the needs of the industry and to consider areas for possible collaboration with the international investment community and international organizations in a rapidly changing economic and business environment. The study was prepared by the Energy Branch of the United Nations Department for Development Support and Management Services (UN/DDSMS). It was financed by the United Nations Development Programme (UNDP). Part I describes Russian gas reserves and potential resources, and overviews the country's gas producing, pipeline and distribution industries. Additionally, it summarizes the markets for Russian natural gas including domestic and external markets. It discusses the primary economics and potential factors that currently impact the Russian gas industry during the Federation's transition toward a market economy. Part II highlights possible directions for the development of the Russian gas resource base, including upstream gas production and downstream marketing in five-, ten- and fifteen-year time frames. It projects export opportunities for Russian Federation gas and evaluates the options for shaping regional and international markets. Part III addresses the legal and regulatory framework and fiscal regime of the Russian gas industry. It also reviews the major investment requirements and the equipment and training needs of the Russian gas

THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISIS

Directory of Open Access Journals (Sweden)

Ioana-Iuliana TOMULEASA

2014-04-01

Full Text Available The economic world is currently under the sign of profound changes, determined, in a significant extent, by the mutations in financial markets, the regulatory and institutional changes, illustrating its powerful impact on the financial system actors. The paper’s main purpose is to provide a comparative analysis of the performance and efficiency of commercial banks in seven European Union countries and an empirical analysis regarding the soundness of the Romanian banking system. The analysis undertaken in the paper highlights the need for banks to apply essential adjustments in their activity, such as the orientation to a new banking model, or the gearing to the latest regulations and tighter conditions of supervision on the financial sector. There were pointed out a series of issues which captured the overwhelming implications of the global financial crisis on the “health” of the financial system in EU, noticing the need for further measures that have as a main goal the avoidance of a financial system collapse.

ARCHITECTURE OF EUROPEAN SYSTEM OF FINANCIAL SUPERVISION AFTER THE GLOBAL ECONOMIC CRISIS

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Mateusz Muszyński

2015-12-01

Full Text Available This paper indicates how the last global financial crisis has affected the european financial system. As the depression evolved it brought all the weaknesses in the system of financial supervision to the surface. Then it became clear that deeper integration of the banking system was strongly needed. To mitigate systemic stability risk and improve the coordination process with international organizations, the European Commission decided to establish the European System of Financial Supervision. However, it seemed that it was not sufficient to prevent from further fragmentation of the financial market in Europe. As a result, in 2012 the European Commission initiated the banking union, a new form of political and economic integration.

Dynamics and control of a financial system with time-delayed feedbacks

International Nuclear Information System (INIS)

Chen, W.-C.

2008-01-01

Complex behaviors in a financial system with time-delayed feedbacks are discussed in this study via numerical modeling. The system shows complex dynamics such as periodic, quasi-periodic, and chaotic behaviors. Both period doubling and inverse period doubling routes were found in this system. This paper also shows that the attractor merging crisis is a fundamental feature of nonlinear financial systems with time-delayed feedbacks. Control of the deterministic chaos in the financial system can be realized using Pyragas feedbacks

ABOUT EDUCATION IN RUSSIAN SUNDAY SCHOOLS

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Tatiana S. Komashinskaia

2016-01-01

Full Text Available Аbstract. The aim of the publication is to show the importance of the system of religious education of the Russian Orthodox Church formed in Russia as the system that forms an outlook of the specific person and society in general. The relevance of the problem discussed in the article is caused by the fact that the ideas, moral ideals and values which are founded by an education system now in several years will be realized in specific affairs and acts.Methods. The methods involve theoretical analysis of scientific literature on the considered problem, system analysis, generalization, modeling, survey.Results and scientific novelty. The history of origin, development, decline and the subsequent revival of Sunday schools in Russia is described. Their positive role in the modern Russian system of religious education is noted; firstly, the forming of spiritual and moral values among younger generation, distribution and strengthening in society of moral standards.The main directions of teaching and educational activities in modern Sunday schools and requirements to personal and subject results of training of pupils of schools are stated. These requirements are established by the standard approved by the Sacred Synod of the Russian Orthodox Church in the territory of the Russian Federation.The history of spread of Orthodoxy in the Far East and development of the Vladivostok eparchy is briefly presented. The features of the organization of modern religious education and orthodox education of children are considered on the example of Sunday school of the parish of Temple of St. Seraphim of Sarov of the Vladivostok eparchy.Practical significance. Activities of Sunday school are shown as the most available and mass form of studying and preserving orthodox traditions and cultural wealth. 

Systemic risk in the energy sector—Is there need for financial regulation?

International Nuclear Information System (INIS)

Kerste, Marco; Gerritsen, Matthijs; Weda, Jarst; Tieben, Bert

2015-01-01

The credit crisis points at serious systemic risks in Over The Counter derivative trading. This has resulted in new financial regulation, covering both the financial sector and non-financial sectors. The actual extent to which non-financial companies trading on OTC markets contribute to systemic risk has hardly been the subject of research. This paper investigates the need for financial regulation in the energy sector, which shows a high use of OTC derivatives, by modeling systemic risk measured by the expected fraction of additional failing firms (EAF). Contagion risk within the energy sector and from the energy sector towards the banking sector is compared with that in other non-financial sectors. This paper adds to existing systemic risk literature by specifically looking at financial interdependence between a non-financial sector showing a high usage of OTC commodity derivatives and the banking sector, while contributing to the discussion on energy sector regulation with technical systemic risk analysis. Results indicate that contagion risk from the energy towards the banking sector is not relatively high compared to other non-financial sectors. Our results provide a first indication to question the need for generalized regulation of OTC derivative transactions, as recently introduced by the European Market Infrastructure Regulation (EMIR). - Highlights: • We assess the need for regulating OTC energy commodity derivatives under EMIR. • We present a methodology to model systemic risk in non-financial sectors. • We analyse direct and indirect channels for contagion giving rise to systemic risk. • Contagion risk from the energy towards the banking sector is not relatively high. • New EU regulation for energy OTC trading not supported by analysis of systemic risk

Features of cycles of Russian modernization in the context of the world-systems analysis

Directory of Open Access Journals (Sweden)

P. I. Pashkovsky

2014-02-01

Full Text Available The article describes the historical cycle of Russian modernization. It is shown that the first cycle lasted from the late XVII before the second decade of the XIX century. At this time modernization in the form of «westernization» contributed to the fact that in the XVIII century (in the period between the reigns of Peter I and Catherine II Russia integrated into the world capitalist system and she was positioned as semi­periphery. But Russia was an empire in her characteristics also she has been active in foreign policy. And her desire to overcome the peripheral processes and closer to the core of the world­system resulted in «catch­up» nature of modernization of Russian society. Russia’s victory in the Patriotic War of 1812 characterizes the overall positive outcome for her of this cycle of modernization. The second cycle dates from the late 50’s XIX – beginning of XX century. It was an example of the liberal model of modernization. As a result the lack of economic resources, «the nationalist conservatism» of the authorities, «bureaucratically directed industrialization» and accelerated modernization led to the tragedy of Russia in World War I and the revolutionary events of 1917. The choice in favor of self­sufficiency was made in the late 1920’s – early 1930’s, this marked the beginning of the third cycle of modernization of Russia in the form of industrialization, which has produced results. Economic growth continued after World War II as a result of implementation of five­year plans. The fourth cycle of Russian modernization characterized the events of «perestroika» the second half of the 1980’s and the period of post­Soviet Russia of the 1990’s. Consequently, Russian Federation is in a position semi­periphery, and most of the New Independent States – within the periphery of the world capitalist system. It is proved that the first and third cycles belonged to the imperial model of modernization, and the

What the Russian School Ought to Be Like.

Science.gov (United States)

Goncharov, I.

1995-01-01

Asserts that Russian society and Russian schools are going through a profound crisis. Maintains that the best approach to solving social and educational problems is to restore and develop national principles and group cohesion. Criticizes the United States and Japanese educational systems and calls for Russia to follow its own path. (CFR)

Assessing the Financial Sustainability of China’s Rural Pension System

Directory of Open Access Journals (Sweden)

Lijian Wang

2014-05-01

Full Text Available Considering the rapid growth of China’s elderly rural population, establishing both an adequate and a financially sustainable rural pension system is a major challenge. Focusing on financial sustainability, this article defines this concept of financial sustainability before constructing sound actuarial models for China’s rural pension system. Based on these models and statistical data, the analysis finds that the rural pension funding gap should rise from 97.80 billion Yuan in 2014 to 3062.31 billion Yuan in 2049, which represents an annual growth rate of 10.34%. This implies that, as it stands, the rural pension system in China is not financially sustainable. Finally, the article explains how this problem could be fixed through policy recommendations based on recent international experiences.

Comments on the Russian energy policy

International Nuclear Information System (INIS)

Lavrovsky, I.

1992-01-01

The state of the energy industries and markets in the former Soviet Union is reviewed, with a focus on the oil sector. In spite of the economic recession, the demand for primary energy resources and electricity has dropped only slightly. A decrease in energy production has not yet hurt industries such as oil refining and equipment manufacturing. The low oil price in the domestic trade, ca $2.70/bbl, means that producers have an incentive to hoard oil in the ground or sell preferably to the export market. Non-energy industries are entering the oil market as well. Oil production has fallen by early depletion of the best reservoirs, the unwillingness of producers to produce because of low domestic oil prices, lack of investment, and inadequate technology. It is suggested that Russian oil needs to stay in Russia to stimulate economic growth and increase energy demand. Russia will need hard support such as exploration and production programs, modernization of processing facilities, development of infrastructure, technical assistance, management training, and a restructuring of the outdated financial system. All of this will require more involvement from western companies

Russian Army Mat as a Code System Controlling Behaviour in the Russian army

Directory of Open Access Journals (Sweden)

Vadim Mikhailin

2004-09-01

Full Text Available This text is to be a shortened, restructured and based on somewhat another factological foundation version of my article “Russkii mat kak muzhskoi obstsennyi kod: problema proiskhozhdeniia i evoliutsiia statusa”, published in # 43 of Novoe Literaturnoe Obozrenie. Tracing the genesis of mat to the specific modes of behaviour, peculiar to the archaic male warrior bands, I’m going to show that the military milieu (and some other, structurally close to it social strata, has always been – and remain – absolutely adequate for the mat speaking. Moreover, mat has always carried on within these strata rather specific function connected with creating of one’s identity as a military, and its use offers various and sometimes the only possible means of impact at one’s equal or subordinate (or even superior. As a matter of fact, mat is a basis for a whole code system, controlling different military behaviour practices. The problems of the freshers’ adaptation and of the national specificities in the late Soviet and modern Russian army are to be considered with special respect.

Automated radiological monitoring at a Russian Ministry of Defence Naval Site

International Nuclear Information System (INIS)

Moskowitz, P.D.; Pomerville, J.; Gavrilov, S.; Kisselev, V.; Daniylan, V.; Belikov, A.; Egorkin, A.; Sokolovski, Y.; Endregard, M.; Krosshavn, M.; Sundling, C.V.; Yokstad, H.

2001-01-01

The Arctic Military Environmental Cooperation (AMEC) Program is a cooperative effort between the military establishments of the Kingdom of Norway, the Russian Federation, and the US. This paper discusses joint activities conducted over the past year among Norwegian, Russian, and US technical experts on a project to develop, demonstrate and implement automated radiological monitoring at Russian Navy facilities engaged in the dismantlement of nuclear-powered strategic ballistic missile launching submarines. Radiological monitoring is needed at these facilities to help protect workers engaged in the dismantlement program and the public living within the footprint of routine and accidental radiation exposure areas. By providing remote stand-alone monitoring, the Russian Navy will achieve added protection due to the defense-in-depth strategy afforded by local (at the site), regional (Kola) and national-level (Moscow) oversight. The system being implemented at the Polyaminsky Russian Naval Shipyard was developed from a working model tested at the Russian Institute for Nuclear Safety, Moscow, Russia. It includes Russian manufactured terrestrial and underwater gamma detectors, smart controllers for graded sampling, radio-modems for offsite transmission of the data, and a data fusion/display system: The data fusion/display system is derived from the Norwegian Picasso AMEC Environmental Monitoring software package. This computer package allows monitoring personnel to review the real-time and historical status of monitoring at specific sites and objects and to establish new monitoring protocols as required, for example, in an off-normal accident situation. Plans are being developed to implement the use of this system at most RF Naval sites handling spent nuclear fuel

Russian Initiatives in Internet Governance

Directory of Open Access Journals (Sweden)

Sergey Sergeevich Shirin

2014-01-01

Full Text Available The article is devoted to the research of Russian initiatives concerning its participation in international system of Internet governance. In the research, conceptual and theoretic basis for participation of state governments in Internet governance is given, academic discourse of this issue is assessed, the review of main Russian initiatives made from 2005 (since the second stage of the World Summit on Information Society till the present day is carried out. The conclusion is made that the most successful Internet governance initiative of Russia is the implementation of cyrillic top level domains. Much less successful are Russian attempts to reconstruct existing organizational structure of Internet governance. Russian policy is assessed as a policy of preferring loud statements and PR rather than real influence on development of Internet technologies. Russia consideres Internet as political resource and tries to increase its influence on decision making process on a political, not operational level of Internet governance. The author states that federal government of the United States of America has fully lost the control on the domain name systems. These functions are going to be given to the private sector, while ICANN, which was established according to the Memorandum of Understanding/Joint Project Agreement with U.S. Department of Commerce, is becoming a truly independent international organization. Considering this, the author comes to the conclusion that political transformations for the sake of Russia are already made. He also forecast that next initiatives of Russia will be directed to the segmentation of the Internet.

CORPORATE MODEL OF PUBLIC SECTOR OF THE RUSSIAN ECONOMY: TRENDS AND PATTERNS OF DEVELOPMENT

Directory of Open Access Journals (Sweden)

Olga S. Makarenko

2017-06-01

Full Text Available The article reveals the issues of development and functioning of corporate model of public sector of the Russian economy. Today Russia is fully influenced by consequences of entry into world economy. Privatization processes, on the one hand, and increase in intervention of the state in economy, on the other hand, changed composition and structure of the public sector of the Russian economy. Establishment of large state corporations and further increase in scales and directions of Russian government’s policy. These corporations acquired an extensive set of functions, large volumes of state property (federal budgetary funds, different production and financial assets, which ensured their activity in the long run. The state corporations carry out an important role in ensuring stable development of national economic systems for already several years, smoothing the so-called “failures” of the market, and create the necessary conditions for overcoming the crisis phenomena. The author presents the classification of economic sectors consisting of public, municipal and private sectors, studies the character and structure of public sector of the developed foreign countries. The carried-out comparative characteristic of main national models of public sector allowed to reveal the extent of state’s influence on the economy in the North American, Western European and Asian countries, as well as to define the main features of public sector in these countries. The concept and essence of the state corporation, as well as trends of their creation and development are also studied. The author proposes the corporate model of public sector of the Russian economy and defines its main characteristics. The analysis of the conducted research allowed to draw a conclusion on the need of further development of the state corporations and large national companies with the state participation.

Development of Onboard Computer Complex for Russian Segment of ISS

Science.gov (United States)

Branets, V.; Brand, G.; Vlasov, R.; Graf, I.; Clubb, J.; Mikrin, E.; Samitov, R.

1998-01-01

Report present a description of the Onboard Computer Complex (CC) that was developed during the period of 1994-1998 for the Russian Segment of ISS. The system was developed in co-operation with NASA and ESA. ESA developed a new computation system under the RSC Energia Technical Assignment, called DMS-R. The CC also includes elements developed by Russian experts and organizations. A general architecture of the computer system and the characteristics of primary elements of this system are described. The system was integrated at RSC Energia with the participation of American and European specialists. The report contains information on software simulators, verification and de-bugging facilities witch were been developed for both stand-alone and integrated tests and verification. This CC serves as the basis for the Russian Segment Onboard Control Complex on ISS.

An automated library financial management system

Science.gov (United States)

Dueker, S.; Gustafson, L.

1977-01-01

A computerized library acquisition system developed for control of informational materials acquired at NASA Ames Research Center is described. The system monitors the acquisition of both library and individual researchers' orders and supplies detailed financial, statistical, and bibliographical information. Applicability for other libraries and the future availability of the program is discussed.

The role of non-financial performance measures in predicting hospital financial performance: the case of for-profit system hospitals.

Science.gov (United States)

Vélez-González, Heltie; Pradhan, Rohit; Weech-Maldonado, Robert

2011-01-01

Non-financial measures have found increasing acceptance in the business world--however, their application in the health care industry remains limited. The purpose of this article is to understand the influence of non-financial measures (efficiency, productivity, and quality) on the financial performance of for-profit system hospitals. The sample consists of 499 for-profit system hospitals in the United States from 1999 to 2002. Data analyzed include the American Hospital Association's Annual Survey, Medicare Cost Reports, Joint Commission's quality scores, and the Centers for Medicare & Medicaid Services' Hospital Case Mix Index. Dependent variables consist of financial measures (operating and total margins), while independent variables include measures of efficiency, productivity, and quality. Our results suggest the influence of non-financial performance measures on financial performance; occupancy rate positively influences financial performance while greater labor intensity may have negative implications for financial performance. In addition, we show that quality positively influences financial performance thereby offering a potential business case for quality. This result has important managerial and policy implications as it may incentivize capital and human resource investments required to improve hospital quality of care.

Energy audit at Russian dairies. Energy guidance

Energy Technology Data Exchange (ETDEWEB)

Draborg, S [Dansk Energi Analyse A/S, Vanloese (Denmark); Sheina, L S; Kolesnikov, A I [RDIEE, Moscow (Russian Federation)

1999-12-31

The project encompassed following activities: Elaboration of a description of the Russian dairy sector including a mapping of the entire sector in respect of production capacity, actual production, products, production technologies and energy consumption; Energy audits at twelve selected dairies with different typical productions; Elaboration of an `Energy Audit Guidance` which describes how to perform energy audits in dairies and where to expect energy saving possibilities. The energy savings possibilities are often due to the same kind of problems, e.g. low production, inefficient equipment or manually control of the process equipment. The main problems that Russian dairies faces can be divided into the following categories: Old and inefficient technological equipment which is operated at low capacity with very low energy efficiency; Lack of knowledge about new energy efficient technologies; Financial problems which causes low interest and few possibilities for using funds for investment in energy efficient equipment; Energy savings do not lead to personal gains for the persons in the dairy management or other employees which causes low interest in energy savings. At some dairies it seemd to be a problem for the management to adapt to the new and very different conditions for enterprises in Russian today, where sales, production, production capacity and raw milk available are interconnected. With respect to energy matters it was often a wish to replace existing oversized equipment with new equipment of the same size no matter that it is unlikely that the production will increase considerable in the future. The project has discovered that there is a need for demonstrating energy saving measures by implementation because it was in many ways hard for the dairy management`s to believe that, the energy consumption could be reduced dramatically without affecting the production or the processes. Furthermore, the project has discovered a need for transferring to the

Energy audit at Russian dairies. Energy guidance

Energy Technology Data Exchange (ETDEWEB)

Draborg, S. [Dansk Energi Analyse A/S, Vanloese (Denmark); Sheina, L.S.; Kolesnikov, A.I. [RDIEE, Moscow (Russian Federation)

1998-12-31

The project encompassed following activities: Elaboration of a description of the Russian dairy sector including a mapping of the entire sector in respect of production capacity, actual production, products, production technologies and energy consumption; Energy audits at twelve selected dairies with different typical productions; Elaboration of an `Energy Audit Guidance` which describes how to perform energy audits in dairies and where to expect energy saving possibilities. The energy savings possibilities are often due to the same kind of problems, e.g. low production, inefficient equipment or manually control of the process equipment. The main problems that Russian dairies faces can be divided into the following categories: Old and inefficient technological equipment which is operated at low capacity with very low energy efficiency; Lack of knowledge about new energy efficient technologies; Financial problems which causes low interest and few possibilities for using funds for investment in energy efficient equipment; Energy savings do not lead to personal gains for the persons in the dairy management or other employees which causes low interest in energy savings. At some dairies it seemd to be a problem for the management to adapt to the new and very different conditions for enterprises in Russian today, where sales, production, production capacity and raw milk available are interconnected. With respect to energy matters it was often a wish to replace existing oversized equipment with new equipment of the same size no matter that it is unlikely that the production will increase considerable in the future. The project has discovered that there is a need for demonstrating energy saving measures by implementation because it was in many ways hard for the dairy management`s to believe that, the energy consumption could be reduced dramatically without affecting the production or the processes. Furthermore, the project has discovered a need for transferring to the

OVERVIEW OF RUSSIAN CIVIL JUSTICE

Directory of Open Access Journals (Sweden)

D. Maleshin

2016-01-01

Full Text Available Contemporary Russian civil procedure is not a pure Continental model because it also has procedural features of the common law system, as well as some other original and exceptional features. This article examines the main aspects of Russian civil justice: its main principles; judicial organization, including the structure of the courts and the division between courts of general jurisdiction and arbitrazh (commercial courts, and the Intellectual Property Court; sources of procedural law; bar organization; the jurisdiction of the courts; actions and proceedings; legal costs; evidence; administrative procedure; class actions; enforcement proceedings; and arbitration and mediation.

On the strategy of modernization and development of Russian economy in a global depression

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Sergey Yurievich Glazyev

2011-06-01

Full Text Available This paper reveals the essence of the program proposed by author on preemptive measures to develop the Russian economy in terms of a global depression. The distinctive features of the present global crisis and the prospects of overcoming it are identified. We propose three possible scenarios for the world economy after the crisis: 1 the scenario of quick withdrawal to a long wave of economic growth (optimistic; 2 the catastrophic scenario; 3 the inertial scenario. The key idea of forming a national strategy for accelerated development lies in: the timely establishment of basic industries, the new technological order and early withdrawal of the Russian economy on the associated new long wave of growth, increasing the power of multiple domestic banking and investment system; economic stabilization and creating a zone of sustainable development in the regions of the Eurasian Economic Community and the CIS. Taking into account the experience of anti-crisis policy of foreign countries, strategic mistakes in the planning of anti-crisis measures are identified. In the analysis of national anti-crisis policies and assessing the effectiveness of anti-crisis measures it is justified that the same mistakes were made in Russia. To overcome them, it is required to provide consistency of macroeconomic policies with the priorities of long-term economic and technological development. It might be achieved by concentrating resources on the development of advanced industrial and technological systems that require dedicated work of the national financial and investment system, including the mechanisms of monetary, fiscal and foreign exchange policy. Conceptual parameters of the strategic planning system that can identify promising areas of economic growth as well as guide the development of state institutions to implement them are formulated. The elements of such a system created in Russia in recent years and requiring its introduction are defined. The efficiency

OPTIMIZATION OF FINANCIAL PERSONNEL NUMBER IN ARMED FORCES OF THE REPUBLIC OF BELARUS

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A. V. Bolshakova

2014-01-01

Full Text Available The paper considers a problem pertaining to reduction of the Armed Forces of the Republic of Belarus and necessity to carry out economically reasonable reforms optimizing strength of financial personnel with the purpose to decrease its number but without undermining financial and operational activities of the Armed Forces as a whole. It has been proposed to optimize strength of financial personnel in the Armed Forces while executing organizational staff transformations such as introduction of a centralized accounting system for service personnel by an example of the Ministry of Defense of the Russian Federation.Normative for financial personnel strength of the supposed unified financial centre which is involved in accounting recordings on salary and other payments has been calculated on the basis of inter-branch standards. While taking as an example a conventional organization “B” with staff strength which is equal to the strength of the Armed Forces of the Republic of Belarus the possible efficiency in introduction of the centralized accounting system for service personnel has been determined in the paper. According to represented calculations reduction of financial personnel dealing with accounting recordings on salary and other payments in the whole organization “B” can constitute up to 60 persons with more than 200 branches which are carrying out independent payment accounting for personnel concerned.Dependence of strength normative on number of financial bodies, percentage of personnel receiving payments through a unified financial centre and concentration of financial and economic document circulation has been determined in the paper. It has been pointed out that it is not sufficient to determine quantitative indices in order to ensure an objective reflection of the efficiency of possible introduction of the centralized accounting system for service personnel in the Armed Forces. In order to obtain complete information it is

Financial Accountant Versus Managerial Accountant in the Hotel Business System

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Ivana Zubac

2012-01-01

Full Text Available From the perspective of financial or managerial accountant, subject of interest in this paper is the relationship of financial and managerial accounting in the hotel business. Being necessary functions within the business system of hotel company, their mutual connection as well as their differences are explained. The management of hotel company makes decisions based on accounting information from both parts of accounting. As support to hotel management in decision-making, financial accountant provides financial information about past events, while managerial accountant provides non-financial information oriented toward future. The example above is just one out of many specific tasks, which are performed by accountants of specific part of hotel accounting system. Without their support, the management could not make correct and timely decisions with certainty. The importance of the roles of financial and managerial accountant is reflected through need for a wide knowledge in the field of accounting in specific business conditions of hotel industry.

Emergence of new Russian and foreign investors in the Russian oil and gas complex

International Nuclear Information System (INIS)

Arbatov, A.A.

1996-01-01

A critical analysis is presented of the factors influencing foreign investment in Russian oil and gas exploration and production. Greater stability in the Russian economy would help and unfortunately some elements of the Russian bureaucracy hinder quick decision making. Western investors could improve their position by concentrating on developments which are unlikely to be developed by Russian companies in the next decade. (author)

Looking for stability: Repercussions of the Russian revolution in the work of John Maynard Keynes

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Svoboda František

2017-01-01

Full Text Available The paper analyses and proposes an answer to the question of how the Russian revolution is reflected in the work of John Maynard Keynes. The starting point of the analysis is an interesting yet not very well known episode of the economist’s life: a period when Keynes, then a British Treasury official, was entrusted with the task of creating a currency for Northern Russia. The ensuing design and architecture of the North Russian rouble virtually became an opportunity for Keynes to put into practice some of his general currency-related ideas, and the entire project influenced Keynes’s economic thought in two specific ways. First, the Russian experience can be traced in the economist’s reflections on two fundamentally different financial policies: the inflationary approach adopted by the Bolsheviks, and the anti-inflationary strategy of the British government. Keynes made use of his experience with the Russian hyperinflation in a multitude of his works, especially in the papers on inflation and its consequences. Second, certain elements of the project influenced the actual formation of Keynes’s view on the function and balancing of the international monetary markets. This part is based on monitoring the continuity of thoughts and actions, starting from India Currency and Finance and ending with the North Russian rouble and the design of the bancor.

Russian separation program

International Nuclear Information System (INIS)

Rea, J.L.

1993-01-01

A small contract signed in FY92 with the Khlopin Radium Institute marked the beginning of the Russian Separations program. Under this contract the Khlopin Radium Institute performed laboratory and dynamic hot-cell testing using cobalt dicarbollide technology on simulated radioactive wastes similar to those found at DOE sites in the United States. The current scope of investigation has been extended to identify prospective technologies for application to other United States needs. The Khlopin Radium Institute project served as a model for three other pilot scale technology development projects. The premise of the pilot scale projects is to enable Russian scientists to demonstrate their technology in the context of DOE needs, using Russian technical expertise has proven to be a cost-effective means of screening Russian technologies

Meeting up-to-date safety requirements in the Russian NPP projects

International Nuclear Information System (INIS)

Tepkyan, G. O.; Yashkin, A. V.

2014-01-01

Safety features in Russian NPP designs are implemented by the combination of active and passive safety systems • Russian NPP designs are in compliance with up-to-date international and European safety requirements and refer to Generation III+ • Russian state-of-the-art designs have already implemented some design solutions, which take into account “post-Fukushima” requirements. Russian NPP design principles have been approved during the European discussions in spring 2012, including the IAEA extraordinary session addressed to Fukushima NPP accident

40 CFR 281.37 - Financial responsibility for UST systems containing petroleum.

Science.gov (United States)

2010-07-01

... systems containing petroleum. 281.37 Section 281.37 Protection of Environment ENVIRONMENTAL PROTECTION... for No-Less-Stringent § 281.37 Financial responsibility for UST systems containing petroleum. (a) In... UST systems containing petroleum, the state requirements for financial responsibility for petroleum...

Astronaut James S. Voss Performs Task in the Russian Zvezda Service Module

Science.gov (United States)

2001-01-01

Astronaut James S. Voss, Expedition Two flight engineer, performs an electronics task in the Russian Zvezda Service Module on the International Space Station (ISS). Zvezda is linked to the Russian-built Functional Cargo Block (FGB), or Zarya, the first component of the ISS. Zarya was launched on a Russian Proton rocket prior to the launch of Unity, the first U.S.-built component to the ISS. Zvezda (Russian word for star), the third component of the ISS and the primary Russian contribution to the ISS, was launched by a three-stage Proton rocket on July 12, 2000. Zvezda serves as the cornerstone for early human habitation of the station, providing living quarters, a life support system, electrical power distribution, a data processing system, a flight control system, and a propulsion system. It also provides a communications system that includes remote command capabilities from ground flight controllers. The 42,000-pound module measures 43 feet in length and has a wing span of 98 feet. Similar in layout to the core module of Russia's Mir space station, it contains 3 pressurized compartments and 13 windows that allow ultimate viewing of Earth and space.

Financial Ratio Analysis: the Development of a Dedicated Management Information System

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Voicu-Dan Dragomir

2007-01-01

Full Text Available This paper disseminates the results of the development process for a financial analysis information system. The system has been subject to conceptual design using the Unified Modeling Language (UML and has been implemented in object-oriented manner using the Visual Basic .NET 2003 programming language. The classic financial analysis literature is focused on the chain-substitution method of computing the prior-year to current-year variation of linked financial ratios. We have applied this technique on the DuPont System of analysis concerning the Return on Equity ratio, by designing several structural UML diagrams depicting the breakdown and analysis of each financial ratio involved. The resulting computer application offers a flexible approach to the analytical tools: the user is required to introduce the raw data and the system provides both table-style and charted information on the output of computation. User-friendliness is also a key feature of this particular financial analysis application.

Modern trends of development of the world economy and financial competitiveness of enterprises

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Volkova Nadezhda

2017-01-01

Full Text Available The article considers modern trends in the development of the global economy, the dynamics of the activity of the domestic economy. The statistical data of the share of loss-making enterprises on the domestic market are analyzed. The importance of competitiveness and financial stability of enterprises in modern conditions is considered, the relationship between competitiveness and financial stability is indicated. The notion of financial competitiveness is formulated. Financial competitiveness is analyzed from the point of view of enterprise management and on the parameters for assessing the financial stability of enterprises. Methods for assessing the financial competitiveness of enterprises have been identified. The primary calculation of financial competitiveness indicators for PJSC “SF Almaz” was carried out based on the selected methods. The analysis of the obtained calculation results is carried out. Methods are proposed to ensure financial competitiveness of Russian companies.

The effects of a new financial supervisory system on consolidation in banking sector

OpenAIRE

Novickytė, L.

2012-01-01

The recent financial turmoil has prompted to review the current financial regulatory framework mechanism. The present financial system reform could be a cause of the integration and consolidation processes in banking, because banks play a very important role in the economy. This article examines the changes of European Union's financial system, regulatory rules, and extending the potential of the financial sector perspective. This paper attempts to evaluate the European Union financial struct...

THE IMPACT OF FINANCIAL LIBERALIZATION ON ROMANIAN BANKING SYSTEM EFFICIENCY

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Ciupac-Ulici Maria-Lenuta

2013-07-01

Full Text Available In the last three decades, many emerging countries have moved away from a system of restrictive monetary and financial controls to a more liberalized financial sector. The restrictive imposed policies were expected to contribute to industrialization of the economy and to the stability of the banking sector. However, financial liberalization had big costs on the banking system's competitiveness and efficiency. Financial liberalization has a different impact on banking markets. Thus, there is no size that fits all policies concerning banking liberalization process. For highly efficient banks, competition is improving their efficiency standard, while less efficient banks can`t compete with foreign banks and further are decreasing in efficiency or are driven out of the market. Overall, the average efficiency of domestic banking markets should be an important variable in deciding to open up their banking market. Banks that are operating close to the frontier, in general are improving their efficiency following financial liberalization process. Banks that are operating in a further distance can`t manage to compete with foreign market entrants, so, they are losing from liberalization process. In this article we propose to measure the impact of financial liberalization process on Romanian banking system. We used the panel regression to study the informational efficiency of three Romanian banks during 2004 - 2012. The dependent variable of the model was the price of stock bank, and the independent variables were the financial indicators (return on equity, return on assets, net profit margin. In the second regression we introduce a dummy variable for crisis period. Our results show that the financial indicators choose do not affect the efficiency of Romanian bank, but the crisis had a negative impact on them. International context, credit risk, the implementation of Basel III and reducing exposures in the absence of investment alternatives remains key

The Russian experience of monitoring technologies

International Nuclear Information System (INIS)

Kolesnikov, A.L.

1999-01-01

The implementation of nuclear test monitoring, the observance of international nuclear weapon limitation and test ban agreements is assigned to the Special Monitoring Service at the Ministry of defence in Russian Federation. The system of collecting, processing, analysis and generalization of the data on nuclear tests has been created and is functioning in the Special Monitoring Service. This system is based on the application of the facilities of the seismic, infra sound, radionuclide and other monitoring methods. The Service has all the necessary scientific and technical basis, the perfect mechanism for solving the monitoring problems. Its activities cover data collecting and processing centres as well as special monitoring laboratory equipment, integrated in the unified computer aide system. Besides the experiences of the Russian Service, the possible ways of cooperation with CTBTO are described

EXPLORATION OF A RUSSIAN CONSUMER ON AN EXAMPLE OF RUSSIAN TOURISTS IN SPAIN

OpenAIRE

Glotova, Elena

2013-01-01

This thesis represents an intent to get an insight into the market with one of the biggest potential for today – the Russian market. The purpose of the research was to make a profile of the Russian consumer. The study of a Russian consumer and a Russian tourist should be able to help companies understand better the market, draw attention to the need of giving more importance to creating consumer profiles based not only on demographics but on mentality as well. The case company is a technologi...

Experience of shipping Russian-origin research reactor spent fuel to the Russian Federation

International Nuclear Information System (INIS)

2009-11-01

The primary goal of the Russian Research Reactor Fuel Return (RRRFR) programme is to advance nuclear non-proliferation objectives by eliminating stockpiles of Russian-origin highly enriched uranium (HEU). The RRRFR programme was first conceived during trilateral discussions among the USA, the Russian Federation and the IAEA, initiated in 1999, when participants identified more than 20 research reactors in 17 countries having Russian/Soviet supplied fuel. In 2000, the Director General of the IAEA sent a letter to 15 countries asking for their willingness to return HEU spent fuel to the Russian Federation. Fourteen countries responded positively to the Director General's letter. In 2004, the Russian Federation and the USA signed a Government-to-Government Agreement concerning cooperation to return the Russian produced research reactor nuclear fuel to the Russian Federation. This agreement established the legal framework necessary for the cooperation between the Russian Federation and the USA for the return of Russian supplied research reactor fuel from eligible countries. Under the Bratislava agreements concluded by Presidents George W. Bush and Vladimir Putin in February 2005, both countries committed to completing all shipments of Russian-origin HEU spent fuel currently stored outside research reactors by the end of 2010. Up to the time of writing (May 2009) the programme has completed 19 shipments totalling over 838 kg of Russian-origin HEU spent and fresh fuel which has been returned from Bulgaria, the Czech Republic, Germany, Kazakhstan, Latvia, the Libyan Arab Jamahiriya, Poland, Romania, Serbia, Uzbekistan and Vietnam. During this time, the programme successfully removed all HEU from two countries, Latvia and Bulgaria. HEU spent fuel shipments have been the most complex shipments under the RRRFR programme, which will be the focus of this publication. The first shipment of HEU spent fuel from Uzbekistan was completed in January 2006, followed by HEU spent fuel

FINANCIAL STABILITY OF THE UKRAINE NATIONAL SYSTEM OF PENSION INSURANCE

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A. Khemii

2014-03-01

Full Text Available The system of pension insurance is a combination of created by the state legal, economic and organizational institutions and norms, providing financial support to citizens in the form of pensions. In the article analyzing the demographic situation and the condition of pension payments in the country today. In the terms of economic and social reforms, the level of financial stability the pension system is low. Therefore important is the analysis and exploring new methods to ensure financial stability of the Ukraine national system of pension insurance. The main institution of the national pension insurance is the National Pension Fund of Ukraine.

The development of tourist attractiveness of Russian territories: modern trends and management practices

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Elena Viktorovna Frolova

2016-03-01

Full Text Available The article is devoted to the actual problem of regional management - development of tourist at-tractiveness of Russian territories. The article discusses the concept of «tourist attractiveness», substantiates the author's position on its contents. Research methods include document analysis, opinion poll experts (heads of local authorities. On the basis of statistical and sociological data identified features and problems of tourism development in the Russian Federation in of objective and subjective indicators of the tourist infrastructure. Are determined dysfunction of modern ad-ministrative practices of tourism development in the Russian Federation, basic problems are revealed of realization program-target method of management in the modern state and regional policy. The article substantiates the concluded that the implementation of program-target method of tourist attractiveness associated with a number of shortcomings that limit their effectiveness. The authors identify the following main problems of implementation of the federal target program «Development of domestic tourism in the Russian Federation (2011-2018 years»: financial risks; declarative principle for selecting regions to participate in the federal program; target to achieve economic performance indicators, not to assess the long-term prospects of such aspects of the tourist attraction as the creation and / or development of unique tourist attraction, the image of the territory; high thresholds for co-financing of expenditure obligations for the implementation of the programs of regional budgets. On the basis of comparative analysis of the results of the survey population, and experts in the article highlights the main limitations of tourism development in the Russian Federation. The authors substantiates the need for the transformation of the state policy of direct intervention to indirect regulation model in tourism development. The article defines the main directions of

Airport Economics: Management Control Financial Reporting Systems

Science.gov (United States)

Buchbinder, A.

1972-01-01

The development of management control financial reporting systems for airport operation is discussed. The operation of the system to provide the reports required for determining the specific revenue producing facilities of airports is described. The organization of the cost reporting centers to show the types of information provided by the system is analyzed.

Radioactive waste in the Russian Federation

International Nuclear Information System (INIS)

Grundfelt, B.; Lindbom, B.

1994-01-01

The present report has been produced by Kemakta Consultants Co. under contract from the Swedish Radiation Protection Institute (SSI). The purpose of the study is to give a broad overview of the situation in the Russian Federation with regard to the production and management of radioactive waste. The report also presents an outline of possible risks for environmental and societal consequences of the current waste management practices. The study is intended to be used as a basis for discussions regarding possible international cooperative efforts for improving the waste management system in Russia. The report is mainly based on publicly available literature. In addition, information has been obtained during a two-day visit to the Bochvar Institute and the Russian Atomic Power Ministry, MinAtom, in Moscow. Complementary information has been provided by MinAtom in response to a questionnaire that was sent to MinAtom subsequent to the visit to Moscow. Staff at the Russian embassy in Stockholm has assisted in the organisation of contacts as well as with various clarifications and translations. Some of the information in this report has not been officially confirmed by the Russian authorities. 17 refs, 4 figs, 7 tabs

Exploratory Study Investigating the Opinions of Russian-Speaking Parents on Maintaining their Children's Use of the Russian Language

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Sue Kraftsoff

2009-01-01

Full Text Available This study explored why and how Russian speaking parents in an Irish context maintained the Russian language in their school-age children. Using a self-administered unstandardised questionnaire, the opinions of 16 Russian-speaking parents, reporting on 24 children, were surveyed. Of this sample, five parents were then interviewed using focus group methodology. The main findings revealed that Russian-speaking parents living in Ireland strongly supported Russian language maintenance in their families and wanted their children to be as fluent as possible in the Russian language. The reasons for the support of Russian language were: cultural preservation, general knowledge of languages in addition to English, and communication with the homeland. Methods employed to maintain the Russian language included conversing with children through Russian, reading and watching Russian TV/DVD. Although most parents spoke only Russian to their children, just three children were considered by their parents to have sufficient language skills to interact through Russian in Russian speaking countries. Interestingly, 15 children were thought to have adequate skills in Russian to speak with those outside their immediate family when in Ireland. Congruent with other studies of bilingualism, development of English, or the secondary, majority language, was also important to parents, as they lived in a dominant English-speaking society.

Russian neo-revisionist strategy and the Eurasian Project

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Ruslan Dzarasov

2017-03-01

Full Text Available The article is focused on the real meaning of the Eurasian Integration Project for East–West relations. The author departs from Sakwa’s treatment of Russian strategy as neo-revisionist. It does not aspire to change the current world order while trying to make the West observe its national interests within the existing framework. This perspective is treated in the article from the standpoint of world-systems analysis. The Eurasian Project is understood as a reaction of the Russian state to the failure of the neoliberal attempt to integrate into the world economy and the international security system. The two great trade mega-unions—the Trans-Pacific Partnership (TPP and the Trans-Atlantic Partnership—are seen as geoeconomic bolt clamps, which put Russia under enormous pressure. The Russian strategy in the Ukrainian and Syrian crises is designed to find the way out of strategic isolation. The Eurasian Union is expected by the Russian ruling elite to be an important tool to forestall the isolation of the country and secure her economic, military and international security.

The development vector of the treasury technologies in order to improve the efficiency of financial resources management

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Achmedov Shahmurad, S.

2015-09-01

Full Text Available The current social-economic situation in the country is accompanied by a sharp reduction of budgetary allocations, which in turn actualizes the problem of creation of conditions providing sustainable economic development, as well as unconditional fulfillment of state obligations, primarily social. Course on the solution of these tasks is defined in the plan of priority measures for the sustainable development of economy and social stability, signed in January 2015 by the Government of the Russian Federation. The paper notes that in the beginning of the budget cuts period all outputs of the budget reform were aimed at improving the quality of public (municipal finances, at creation the conditions most effective use of state (municipal financial resources. The specific essence of reforms is to move to active methods of management of budget resources and to use new financial instruments that ensure the effectiveness of state (municipal spending. The author emphasizes that the achievement of objectives largely depends on the Federal Treasury. In this regard, the author investigates the process of technology improvement of the Treasury execution of the budget, the scale of which was determined by the program "Modernization of the Treasury system of the Russian Federation" and direction of the Strategic map of the Treasury of Russia for the period 2015-2019. Special attention is paid to the complex events that determine the vector of development of Treasury technologies in order to improve the efficiency of financial resources management.

THE ROLE OF THE RUSSIANS OF TAJIKISTAN IN TRANSFORMING TAJIK SOCIETY

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L. Yu. Nikolaeva

2015-01-01

Full Text Available The Russian population of Tajikistan has traditionally played a prominent role in political, economic, cultural and scientifi c development of the country despite the fact that Russian diaspora has always lacked consolidation. However the collapse of the USSR was followed by increasing deprivation of the Russians insofar as they adapt slowly to a new political and socio-economic system of Tajikistan, feel discriminated, are classifi ed as “poor” and tend to migrate to Russia. According to the author, the problem of the Russians in Tajikistan is a part of a broader “Russian problem of the XXIth century” and stresses the necessity to develop a national policy strategy of Russia.

Preserving Russian Cultural Identity of Learners in Multicultural Learning Environment

OpenAIRE

Vasilyeva, Tatyana; Uskova, Olga; Kosheleva, Elena Yurievna; Dong Thi Lin Jang

2015-01-01

The purpose of this article is to move readers toward a deeper understanding of and wider respect for the issues of the modern system of bilingual education based on the principles of multiculturalism. Different conditions of learning are taken into account: the Russian language in restricted linguistic medium as well as Russian as a foreign language. The principles of multiculturalism determine the educational concepts used in teaching Russian to diverse categories of learners. The authors d...

Uganda; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, and Payment Systems

OpenAIRE

International Monetary Fund

2003-01-01

This paper presents findings of Uganda’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and Payment Systems. The banking system in Uganda, which dominates the financial system, is fundamentally sound, more resilient than in the past, and currently poses no threat to macroeconomic stability. A major disruption ...

Russian Societies of the Mutual Credit in the years of Economic Recovery (1909–1913

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Tatiana A. Kattsina

2017-03-01

Full Text Available Тhe article is dedicated to one of the poorly studied branches of the bank loan system in the Russian Empire, i.e. the mutual loan societies. While making investments in industry and sales turnover, mutual loan societies contributed to their widening scope by means of remote areas of the country. The most important factor to determine the peculiarities of mutual loan societies development was their bankruptcy during the economic recovery before World War I. That is why main focus is made on internal causes (that developed on the activity of the organization itself of financial insolvency (bankruptcy occurrence of mutual loan societies. They allowed show basic problems of mutual loan societies on the example of particular organizations, due to which the factors of crisis and financial insolvency (bankruptcy risks appeared. The article reveals such inefficient strategies of mutual loan society’s development and management as lack of real-life experience (qualifications of the staff, use of investors' finances for the administration personal needs (malpractice, inefficient management of the floating capital, poor loan policy connected with illegal profit withdrawal.

The Financial Component of a Strategy for the Development of Logistical Systems

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Melnykova Kateryna V.

2017-08-01

Full Text Available The article analyzes the current scientific approaches to defining the essence of financial strategy as one of the most important components of a strategy for the development of logistical systems. Both the external and the internal environment factors that influence the development of logistical systems have been summarized. In the course of the analysis of current financial management theory and practice, the author identifies the characteristics of formation of an integrated financial-logistical strategy together with the factors that are responsible for possible financial risks in designing a strategy for the development of logistical system. The stages of formation of an integrated financial-logistical strategy and ways to improve the practice of strategic planning of logistical activities have been proposed.

Defense Industry of the Russian Federation at the End of 20th-Beginning of the 21st Century

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Leonovich Aleksandr Nikolaevich

2014-11-01

Full Text Available In the developed countries claiming for global leadership permanent military and industrial complexes were formed. These complexes produce high-tech products and play the key system-forming role in the economies of their states. Country’s position in world economy as well as its position at the weapons and military equipment market depends on the military and industrial complexes development. At the end of the 20th century, there had been great changes in the military and industrial complex of the Russian Federation. Drastic remission and demerger accompanied these changes unlike those in the Unites States and Western Europe. These processes were determined by inconsiderate defense conversion, reduction of expenses and the loss of weapons and military equipment production. At the beginning of the 21st century, Russian Federation government has changed its attitude towards the military and industrial complex. Main directions of surmounting the crisis were found through creation of military and industrial corporations, increase of state defense order in the favor of national Armed Forces. Development of state-owned corporations and significant increase in financial allocations for state defense order promoted the growth of military and industrial companies’ activity and rise in weapons and military equipment export. All above-listed processes of Russian military and industrial complexes predetermined the scientific and pragmatic interest for this research.

Russian translations for Cochrane.

Science.gov (United States)

Yudina, E V; Ziganshina, L E

2015-01-01

Cochrane collaboration has made a huge contribution to the development of evidence-based medicine; Cochrane work is the international gold standard of independent, credible and reliable high-quality information in medicine. Over the past 20 years the Cochrane Collaboration helped transforming decision-making in health and reforming it significantly, saving lives and contributing to longevity [1]. Until recently, Cochrane evidence were available only in English, which represents a significant barrier to their wider use in non-English speaking countries. To provide access to evidence, obtained from Cochrane Reviews, for health professionals and general public (from non-English-speaking countries), bypassing language barriers, Cochrane collaboration in 2014 initiated an international project of translating Plain language summaries of Cochrane Reviews into other languages [2, 3]. Russian translations of Plain language summaries were started in May 2014 by the team from Kazan Federal University (Department of Basic and Clinical Pharmacology; 2014-2015 as an Affiliated Centre in Tatarstan of the Nordic Cochrane Centre, since August 2015 as Cochrane Russia, a Russian branch of Cochrane Nordic, Head - Liliya Eugenevna Ziganshina) on a voluntary basis. To assess the quality of Russian translations of Cochrane Plain Language Summaries (PLS) and their potential impact on the Russian speaking community through user feedback with the overarching aim of furthering the translations project. We conducted the continuous online survey via Google Docs. We invited respondents through the electronic Russian language discussion forum on Essential Medicines (E-lek), links to survey on the Russian Cochrane.org website, invitations to Cochrane contributors registered in Archie from potential Russian-speaking countries. We set up the survey in Russian and English. The respondents were asked to respond to the questionnaire regarding the relevance and potential impact of the Cochrane Russian

COMPARATIVE ANALYSIS OF VALUE ORIENTATIONS IN RUSSIAN AND GREEK STUDENTS

Directory of Open Access Journals (Sweden)

E N Polyanskaya

2016-12-01

Full Text Available This article is devoted to the problem of the value orientations of modern young people, who begin their independent life in the current conditions of the difficult changes in the political, social and economic life of the countries. Greece and Russia are two of the countries, which are in crisis due to the globalisation processes. The article gives the details of the results of the empirical study of the value orientations in Greek and Russian students and presents their comparative analysis. It identifies the similarity of the value orientations in Greek and Russian students, which appears in the fact that the value of health (it seems quite difficult to achieve and the value of self-development and self-improvement (an easily achievable value are important to the students of both groups; and the values of creativity and financially-secure life (the value, which is difficult to achieve have little significance. The significant differences between the groups lie in the fact, that the Russian group is dominated by the people with the focus on business, the value of interesting work is important to them, they are more focused on business activity, as well as on love, and the interpersonal relations are less significant for them. The Greek students are often focused on themselves, on their families; freedom in actions, confidence and friendship are more important to them. The peculiarities of the value orientations of the Russian students are internally more conflicting: first of all, we are talking of an important value of love and its dissatisfaction, the important value of an interesting job and the idea that it is difficult to achieve these values. The internal conflict of the Greek students often concerns the importance and the low availability of the value of freedom. The study shows that the peculiarities of the value orientations of Russian students reflect the socio-economic changes in the society, while the values of Greek students

Competitiveness of the Russian Federation in the Global Tourism Market

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Slavomir Bucher

2016-03-01

Full Text Available At present, the tourist industry is one of the fastest growing economic branches of the global economy. For many countries, it brings a significant portion of revenues to their national economies. In the article, the identification and assessment of the secondary data of the World Economic Forum published in The Travel & Tourism Competitiveness Report are carried out. In the Report, the strengths and weaknesses of some countries in the international tourist market are specified in detail. The plan of the analysis is in a more precise specification of competitiveness indices, which consist of compound indices: I — legal framework; II — business environment and infrastructure; III — human, cultural and natural resources for the Russian Federation and some states of Post-Soviet geopolitical space. The goals of the paper are the evaluation of the 14 factors that affect destination competitiveness and the comparison of the competitiveness levels in the Russian Federation. The paper also aimed to provide an understanding of the Russian position in the international tourism market and provide suggestions in order to improve weaknesses of the country. The competitiveness ranking 2015 for the tourism infrastructure, prioritization of travel and tourism, and national tourism perceptions suggest that Estonia, Latvia, Lithuania and Russia rank the top, relative to other former Soviet Union countries in the sample. Since these countries outperform in a tourism infrastructure, it is likely that they continuously try to improve their physical and financial infrastructure for tourists in the country. Therefore, it is a great challenge for Russia to constantly monitoring new trends and occurrences in the international tourism market, which are more diverse needs and demands of the tourist clientele. The findings of this study also shed light on the competitiveness of the Russian Federation operating in the international tourism market. As understood from

Is the balkanization of the ukrainian-russian conflict probable?

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Andrey Petrovich Koshkin

2015-09-01

Full Text Available Objective to determine the possibility and probability of Balkanization of the UkrainianRussian intersocietal relations. Methods the need to study the main factors affecting the state of the modern RussianUkrainian conflict in its ethnopolitical dimension with the predominat focus on intersocietal relations determined the use of the historicalgenetic comparativehistorical and typological methods of investigation integrated with the systemic approach. Results the main parallels are shown that occur when comparing the ethnopolitical situation in the Balkans and above all the SerbianCroatian relations with the current RussianUkrainian conflict mainly at the level of relations of Russians and Ukrainians as ethnic groups. The ethnosocial and ethnopolitical differences of the genesis and current state of both conflicts do not provide a sufficient basis for specific predictions about the inevitable Balkanization of the RussianUkrainian conflict. Scientific novelty the article proves the inconsistency of unambiguous similes of the RussianUkrainian conflict and interethnic SerbianCroatian conflict at intersocietal and associated levels it shows the significant differences of the conflict situations that do not lead to dogmatic conclusions about the development of the RussianUkrainian relations by the Yugoslavia scenario. Practical significance the main provisions and conclusions of the article can be used in scientific and pedagogical activity in the study of ethnos and ethnicity in the analysis of ethnopolitical processes in modern Ukraine and consideration of the status and prospects of the development of RussianUkrainian relations. nbsp

The Russian Orthodox and Islamic Languages in the Russian Federation

NARCIS (Netherlands)

Bustanov, A.K.; Kemper, M.

2013-01-01

What happens to the Russian language if it is used by Muslims? Bustanov and Kemper (2012) analyzed the use of Islamic terminology in a variety of texts by contemporary Muslim authors from several regions of the Russian Federation. This led them to the hypothesis that one can speak of a new

Chaotic dynamic behavior analysis and control for a financial risk system

International Nuclear Information System (INIS)

Zhang Xiao-Dan; Zheng Yuan; Liu Xiang-Dong; Liu Cheng

2013-01-01

According to the risk management process of financial markets, a financial risk dynamic system is constructed in this paper. Through analyzing the basic dynamic properties, we obtain the conditions for stability and bifurcation of the system based on Hopf bifurcation theory of nonlinear dynamic systems. In order to make the system's chaos disappear, we select the feedback gain matrix to design a class of chaotic controller. Numerical simulations are performed to reveal the change process of financial market risk. It is shown that, when the parameter of risk transmission rate changes, the system gradually comes into chaos from the asymptotically stable state through bifurcation. The controller can then control the chaos effectively

The System of Values of Chinese and Russian University Students: Comparative Characteristic

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- Zheng Veydun

2008-12-01

Full Text Available Russia and China today are going through the period of transformations. The students in both states live in transitional societies which interfere with their lifestyles and systems of values. That is why the research into the system of values of both Chinese and Russian students is of vital importance today - it does not only help to understand the modern youth, their motivation and culture better; but also enables us to define their world-view, main trends of their development; help them deal with their problems. Youth values give an idea of present and upcoming values of a nation as a whole.

Russian Language Course

CERN Multimedia

2009-01-01

The Russian Cultural Circle is organising a new course of "Russian for Beginners", and is continuing a course for Advanced Students (3rd year). Interested persons are invited to contact: Mrs M. Mikhailova e-mail : mailto:mmmacha@hotmail.com Tel. 022 788 27 53

Trial by Jury in Russian Military Courts

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Nikolai P. Kovalev

2008-07-01

Full Text Available One of peculiar features of the military criminal justice system in Russia is that in some cases military defendants may apply for trial by jury. Unlike the existing U.S. court-martial jury and the Russian military jury of the early 1900s (World War I period which were comprised of the members of the armed forces, in modern Russia jurors trying military defendants are civilians. This article aims to provide a brief history of military jury in Russia and identify issues of independence and impartiality in Russian military courts with participation of lay decision-makers. In particular, the article will analyze two high-profile cases which resulted in acquittals of Russian officers accused of killing several Chechen civilians during counter-terrorist operations in Chechnya.

Russian-Saudian Political Interaction

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G. G. Kosach

2017-01-01

Full Text Available The article analyzes the development of Russian-Saudi political interaction after the restoration (at that time of Soviet-Saudi relations of bilateral relations in September 1990. The article focuses on the role of the Russian Muslim community in shaping the Russian politics towards Riyadh in the 1990-2000s. The authors state there are both periods of “crises” and detente in the development of Russian-Saudi political interaction that were marked by events in Chechnya and former Yugoslavia in 1994-2000, “Arab Spring” 2011, the post-September 2015 era, the Russian anti-terrorist campaign in Syria. The alternation of these periods is the constant of Russian-Saudi political contacts, despite the similarity in the approaches of both sides to the ways and methods of solving crisis situations in the Middle East region, as well as the Saudi’s pro-Russian position regarding the change in the status of the Crimea and the situation in the east of Ukraine. The general attitude of both sides towards ISIS and Jabha al-Nusra as a source of terrorism, regional instability and the challenge of international security does not remove the two main contradictions that divide Moscow and Riyadh – attitude toward the official Syrian regime and the Iran’s regional policy. The study comes to the conclusion that Russia and Saudi Arabia are interested (albeit for various reasons in diversifying their foreign policy and foreign economic relations.

Peculiarities of the organizational behavior of Russian doctors

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Zh V Puzanova

2014-12-01

Full Text Available The article considers the peculiarities of the organizational behavior of Russian doctors and conditions of its formation determined by the development of the national health care system in the Russian and Soviet periods. The authors analyze the changes in the national health care system since the Semashko model that was created in the first years of Soviet power and evolved in the post-war period into a multi-level system of medical care with clearly differentiated structure of services and later into the Soviet model focusing on specialized outpatient care and large staff of narrowly focused specialists; from the first private medical clinics in the late 1980s to the decline of the sphere in the 1990s and the reforms of the beginning of the XXI century. All stages of the national health care system evolution are the determinants of the Russian doctors’ organizational behavior changes, the crisis of professional ethics, the transformations of the professional consciousness from the ideas of service and medical care to the principle of providing medical services. The authors also consider some implications of the national project ‘Health’ in the contemporary Russia.

Creating financial transparency in public health: examining best practices of system partners.

Science.gov (United States)

Honoré, Peggy A; Clarke, Richard L; Mead, Dean Michael; Menditto, Susan M

2007-01-01

Financial transparency is based on concepts for valid, standardized information that is readily accessible and routinely disseminated to stakeholders. While Congress and others continuously ask for an accounting of public health investments, transparency remains an ignored concept. The objective of this study was to examine financial transparency practices in other industries considered as part of the public health system. Key informants, regarded as financial experts on the operations of hospitals, school systems, and higher education, were a primary source of information. Principal findings were that system partners have espoused some concepts for financial transparency beginning in the early 20th century--signifying an 80-year implementation gap for public health. Critical features that promote accountability included standardized data collection methods and infrastructures, uniform practices for quantitative analysis of financial performance, and credentialing of the financial management workforce. Recommendations are offered on the basis of these findings to aid public health to close this gap by framing a movement toward transparency.

Russian Society in 2015: What We Learned About It from Sociological Polls

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Valerii Valer’evich Fedorov

2016-07-01

Full Text Available Modern socio-political history of Russia can be quite clearly divided into several important periods, each of which is characterized by particular political environment and specific social consciousness. The accession of Crimea and Sevastopol to the Russian Federation in March 2014 is one of the landmark events, a milestone that marks the transition from one phase of this history to the next. This event (or rather, process that started, according to some estimates, in the autumn of 2013, or in February 2014 indicated a sharp turn in Russian foreign policy and in its relations with the West and East. The accession of Crimea has led to phenomenal growth and expansion of support for the policy pursued by Vladimir Putin and for his personality: without exaggeration, he has become not just a political leader but the leader of the nation. The trend set by the accession of Crimea was evolving in 2014–2015; a special feature of this development was that Russia obtained the positive effect almost immediately, and negative consequences followed only after a while. And the farther our life from March 2014, the more pronounced these deferred negative consequences; while the benefits gained are being partly exhausted and partly forgotten as they recede into a background. Negative consequences include the conflict with the West and the efforts of several influential countries to isolate Russia in the international arena, the war in Ukraine and the collapse of Russian-Ukrainian relations in all areas, Western sanctions against the financial and commodity sectors of Russia’s economy, the weakening of the Russian currency and growth of prices for imported goods and then – for food and non-food commodities. Thus, in the course of time, the price paid by Russian society for the accession of Crimea grew rather than fell

African financial systems: A review

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Franklin Allen

2011-04-01

Full Text Available We start by providing an overview of financial systems in the African continent. We then consider the regions of Arab North Africa, West Africa, East and Central Africa, and Southern Africa in more detail. The paper covers, among other things, central banks, deposit-taking banks, non-bank institutions, such as the stock markets, fixed income markets, insurance markets, and microfinance institutions.

Mechanisms of the Russian monocentrism conservation: historical and politological essay

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E. A. Trofimov

2017-04-01

The conducted research broadens the nature the «Russian powerconcept, deprives it of the mythological core, and allows developing (borrowing from the general civilization paradigm alternative mechanisms of Russian political management that orient the «stateto serving individuals and peaceful coexistence with various actors of the world political system.

THE FEATURES OF THE RUSSIAN BANKING SUPERVISION AND REGULATION IN THE LIGHT OF BASEL II AND BASEL III IMPLEMENTATION IN THE RUSSIAN BANKING SYSTEM

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K. R. Kakhrimanova

2014-01-01

Full Text Available The article focuses on the current situation in the Russian banking supervision and regulation and namely the process of its reforming in accordance withBaselprinciples. A special concern of the article is the features of Russian banking sector that are obstacles in full implementation of Basel II and Basel III inRussiatoday.

The Financial Equalization System in Germany and Ukraine

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Fehr Hans

2015-11-01

Full Text Available Based on the experience of European countries, practical recommendations on improving the level of financial capacity of regions in Ukraine have been developed. In the article the comparative analysis of the financial equalization system in Germany and Ukraine has been conducted, different approaches to equalization on the basis of the actual redistribution have been determined, the efficiency and transparency of the use of budgetary resources in these countries have been analyzed. The research result is the substantiation of the necessity for decentralization of tax revenues in Ukraine to reduce the volume of transfers from the State Budget to the regions. Prospects for further research in this direction are developing a reform strategy for Germany and Ukraine in order to improve the socio-economic relations between the center and regions and to make the redistribution of budgetary resources more efficient. Improving the system of financial equalization involves the use of optimization techniques taking into account the inter-regional economic and geographic ties.

INFORMATION SYSTEM OF THE FINANCIAL ANALYSIS

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MIRELA MONEA

2013-12-01

Full Text Available Financial analysis provides the information necessary for decision making, and also helps both the external and internal users of these. The results of the financial analysis work are dependent on the quality, accuracy, relevance and effectiveness of the information collected, and processed. Essential sources of information for financial analysis are financial statements, which are considered the raw material of financial analysis. One of the financial statements -the balance sheet - provides information about assets, liabilities, equity, liquidity, solvency, risk, financial flexibility. The profit and loss account is a synthesis accounting document, part of the financial statement reporting enterprise financial performances during of a specified accounting period and summarizes all revenues earned and expenses of an accounting period and reports the results.

Russian Orthography and Learning to Read

Science.gov (United States)

Kerek, Eugenia; Niemi, Pekka

2009-01-01

The unique structure of Russian orthography may influence the organization and acquisition of reading skills in Russian. The present review examines phonemic-graphemic correspondences in Russian orthography and discusses its grain-size units and possible difficulties for beginning readers and writers. Russian orthography is governed by a…

Ethnic Russian Minority in Estonia

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Włodarska-Frykowska Agata

2016-12-01

Full Text Available The article examines the position of Russians in Estonia and their relation with ethnic Estonians. The author analyzes models of the society integration introduced by Tallinn after 1991. The results raise questions regarding language education in Estonia, the proficiency level of Estonian is getting widely known by Russians, but on the other hand, there is still a significant part of the population that cannot communicate in Estonian. Those who have a good command of Estonian tend to be better integrated and to coexist with both Estonians and Russians. Russians living in Estonia are supposed to be equally involved in social and political life of the state. The potential of all residents has to be effectively and considerably used, especially when the number of population is decreasing. The position of Russians in Estonia is a major domestic and bilateral issue in the relations with the Russian Federation.

Joint impact of ERP systems and non financial performance indicators on corporate financial performance: Evidence from French listed companies

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Ahmed Kouki

2015-01-01

Full Text Available This paper aims to examine the joint impact of Enterprise Resource Planning systems (ERP systems and Non Financial Performance Indicators (NFPI on corporate financial performance. Our study is based on a comparative analysis between firms that adopt ERP only, firms that use NFPI only and firms that combining both strategies (ERP and NFPI during the period from 2001 to 2006.The implementation process remains highly uncertain. In fact, the use of Non Financial performance indicators is an important determinant of corporate financial performance. At the operational level, combining ERP systems with NFPI reflects a long-term business strategy to improve business process. In summary, the ERP and NFPI literatures demonstrate the vital importance of aligning business process, information technologies and key performance indicators with the strategic objectives of the firm. Results support the hypothesis in which firms that combining ERP and NFPI have significantly higher ROA than either ERP-only or NFPI-only firms.

US and Russian academies forge ties for nuclear security

International Nuclear Information System (INIS)

Eldridge, Christopher A.

2005-01-01

In response to the growing threats of nuclear terrorism and proliferation, the US National Academies (NA) and the Russian Academy of Sciences (RAS) initiated a series of joint projects in early 2002 that bring their concerted expertise to bear on the challenges of cooperation between their two countries on nuclear non-proliferation. The IAEA has lent its talent and support to this inter-academy collaboration by hosting workshops that were jointly organized by the NA and RAS with financial support from the US-based Nuclear Threat Initiative. The two workshops, held at IAEA headquarters in September 2003, shed valuable light on both the obstacles and opportunities being faced. The first workshop explored ways of overcoming impediments to cooperation between the US and Russia on nuclear non-proliferation. Participants included current and former US and Russian government officials with responsibility for cooperative programs as well as experts from non-governmental organizations in the two countries. The second workshop convened a multinational group of experts on nuclear materials protection, control, and accounting (MPC and A) to discuss practices and procedures in light of the evolving threats of nuclear proliferation and terrorism

Parameter Estimation for Dynamic Model of the Financial System

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Veronika Novotná

2015-01-01

Full Text Available Economy can be considered a large, open system which is influenced by fluctuations, both internal and external. Based on non-linear dynamics theory, the dynamic models of a financial system try to provide a new perspective by explaining the complicated behaviour of the system not as a result of external influences or random behaviour, but as a result of the behaviour and trends of the system’s internal structures. The present article analyses a chaotic financial system from the point of view of determining the time delay of the model variables – the interest rate, investment demand, and price index. The theory is briefly explained in the first chapters of the paper and serves as a basis for formulating the relations. This article aims to determine the appropriate length of time delay variables in a dynamic model of the financial system in order to express the real economic situation and respect the effect of the history of factors under consideration. The determination of the delay length is carried out for the time series representing Euro area. The methodology for the determination of the time delay is illustrated by a concrete example.

THE SYSTEMIC CRISIS OF THE CIVILIZATION OF THE WEST IN UNDERSTANDING OF MODERN RUSSIAN AND FOREIGN SCIENTISTS – COMPARATIVE ANALYSIS

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Ilya Leonidovich Morozov

2017-03-01

Full Text Available This article discusses the most characteristic of the concept of foreign (by J. Jacobs, C. Huntington, P. Buchanan, T. Sarrazin and Russian (by A.I. Utkin, A.S. Panarin, I.N. Panarin of political scientists, devoted to the identification and analysis of systemic problems of the West, leading its further development in the civilizational impasse and find ways of gathering the negative trend of further developments. Purpose: to reveal General and specific features in Russian and foreign political and futurological concepts, dedicated to understanding the crisis of modern Western civilization. Research methodology: when working with the texts analyzed was used the comparative method, system method. The results of the study: the similarity of understanding of both foreign and Russian scientists causality of the observed crisis of modern Western civilization, identified the key factors of the crisis: the rejection of the strategy of industrial production on its own territory, the loss of “national will” and the transition to a mass political psychological model of tolerance, understood as tolerance and compliance requirements by migrating to the West of the peoples, the mass psychology of consumerism, constant military operations in the Western countries in different regions of the world, the erroneous policy of confrontation with Russia. The negative trend of politicization and simplification in the study of the topic by Russian analysts, caused by market conditions of the moment. The scope of the results: the activity of institutions of the Russian state authorities responsible for the adoption and implementation of foreign policy decisions; the academic development of new concepts in the theory of politics and international relations.

Agent-based financial dynamics model from stochastic interacting epidemic system and complexity analysis

International Nuclear Information System (INIS)

Lu, Yunfan; Wang, Jun; Niu, Hongli

2015-01-01

An agent-based financial stock price model is developed and investigated by a stochastic interacting epidemic system, which is one of the statistical physics systems and has been used to model the spread of an epidemic or a forest fire. Numerical and statistical analysis are performed on the simulated returns of the proposed financial model. Complexity properties of the financial time series are explored by calculating the correlation dimension and using the modified multiscale entropy method. In order to verify the rationality of the financial model, the real stock market indexes, Shanghai Composite Index and Shenzhen Component Index, are studied in comparison with the simulation data of the proposed model for the different infectiousness parameters. The empirical research reveals that this financial model can reproduce some important features of the real stock markets. - Highlights: • A new agent-based financial price model is developed by stochastic interacting epidemic system. • The structure of the proposed model allows to simulate the financial dynamics. • Correlation dimension and MMSE are applied to complexity analysis of financial time series. • Empirical results show the rationality of the proposed financial model

Agent-based financial dynamics model from stochastic interacting epidemic system and complexity analysis

Energy Technology Data Exchange (ETDEWEB)

Lu, Yunfan, E-mail: yunfanlu@yeah.net; Wang, Jun; Niu, Hongli

2015-06-12

An agent-based financial stock price model is developed and investigated by a stochastic interacting epidemic system, which is one of the statistical physics systems and has been used to model the spread of an epidemic or a forest fire. Numerical and statistical analysis are performed on the simulated returns of the proposed financial model. Complexity properties of the financial time series are explored by calculating the correlation dimension and using the modified multiscale entropy method. In order to verify the rationality of the financial model, the real stock market indexes, Shanghai Composite Index and Shenzhen Component Index, are studied in comparison with the simulation data of the proposed model for the different infectiousness parameters. The empirical research reveals that this financial model can reproduce some important features of the real stock markets. - Highlights: • A new agent-based financial price model is developed by stochastic interacting epidemic system. • The structure of the proposed model allows to simulate the financial dynamics. • Correlation dimension and MMSE are applied to complexity analysis of financial time series. • Empirical results show the rationality of the proposed financial model.

Current Trends in the Russian Financial System

OpenAIRE

Barisitz, Stephan; Bogetic, Zeljko; Fungacova, Zuzana; Solanko, Laura; Havlik, Peter; Invushin, Valery; Osakovsky, Vladimir V.; Revoltella, Debora; Lehmann, Alexander; Nowotny, Ewald; Pineau-Valencienne, Cyril; Sutela, Pekka

2009-01-01

The papers in the present SUERF Study is a selection of the papers presented at a SUERF Workshop and Special OeNB East Jour Fixe held at Oesterreichische Nationalbank in Vienna on 23 January 2009. In his opening remarks (chapter 2), Ewald Nowotny, Governor of the Oesterreichische Nationalbank referred to Austrian banks? engagement with neighbouring Central and Eastern European Countries. The current crisis should not make people forget the fact that Austrian banks? deep engagement with the ne...

The impact of pension systems on financial development: An empirical study

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Shouji Sun

2014-10-01

Full Text Available The impact of pension assets on financial development is both quantitatively and qualitatively. On quantitatively, pension funds increase capital supply to financial market. On qualitatively, pension funds as institutional investors could promote corporate governance, information disclosure and transaction efficiency. Based on regression results of 55 countries and regions, we find that different pension systems formed different size of pension fund; every 1% increase of the pension funds’ assets could bring about 0.15%-0.23% increase of the market value, which could explain cross-countries difference of financial development. Based on panel data analysis, we find that the impact of pension fund on financial development is very significant especially in civil law and underdeveloped countries. By using co-integration analysis and vector auto regression model (VAR with time series data of Chile, we find positive relationship between pension funds and financial development again. The empirical results indicate that legal origin, endowment and pension fund views are not exclusive but compatible. A country cannot change its legal origin and endowment, but it can change pension policies and reform social security system. A funded pension system with accumulates pension assets could promote a country’s financial development and economic growth

Structure and Connectivity Analysis of Financial Complex System Based on G-Causality Network

Science.gov (United States)

Xu, Chuan-Ming; Yan, Yan; Zhu, Xiao-Wu; Li, Xiao-Teng; Chen, Xiao-Song

2013-11-01

The recent financial crisis highlights the inherent weaknesses of the financial market. To explore the mechanism that maintains the financial market as a system, we study the interactions of U.S. financial market from the network perspective. Applied with conditional Granger causality network analysis, network density, in-degree and out-degree rankings are important indicators to analyze the conditional causal relationships among financial agents, and further to assess the stability of U.S. financial systems. It is found that the topological structure of G-causality network in U.S. financial market changed in different stages over the last decade, especially during the recent global financial crisis. Network density of the G-causality model is much higher during the period of 2007-2009 crisis stage, and it reaches the peak value in 2008, the most turbulent time in the crisis. Ranked by in-degrees and out-degrees, insurance companies are listed in the top of 68 financial institutions during the crisis. They act as the hubs which are more easily influenced by other financial institutions and simultaneously influence others during the global financial disturbance.

Dynamics of Russian business culture values in the reflection of mass media

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E. A. Sverdlikova

2016-01-01

Full Text Available The article analyses practices of “Traditions and values of Russian business culture” course teaching at Lomonosov Moscow State University’s Faculty of Sociology. The experience allows drawing methodological and theoretical conclusions on the values of business culture which underlie models of the modern business behavior. The first part of the publication concerns analysis of tradition of studying Russian culture values, in the paradigm of which the Russian business culture exists. According to the findings, traditions are enrooted in the Orthodoxy and are determined by patrimonial memories and contradictions of the Russian people’s character, ideals and spiritual framework. A system of Russian business values is developed based on the traditions as well as literary heritage, biographies of famous Russian and Soviet economists and set of rules of ethics code of the pre-revolutionary Russian business class. The main elements of the system include the following values: faith, family, commitment to business, patriotism, natural ingenuity, ability to set and solve atask of extra complexity, original forms of labor organization, and prevalence of moral motivation forms over material ones. The second part of the article deals with succession of the above-mentioned values in the modern Russian business environment. The content analysis is applied to examine the continuity. The object of the research is the text corpus of the Russian business press. The findings of the research show dynamics of the Russian mass media attention to the business culture values for the period from 2010 to 2014. The mass media interest to the issue coverage has been on the constant rise: from 37,2% of the aggregate amount of information on the Russian business in 2012 to 39,8% in 2014. There have also been examined dynamics of mass media attention to certain business culture values. The mass media assignedtop priority in 2012, 2013 and 2014 to the following values

Corporate debts ad credit performance under the new mechanism of reorganization of the Russian banks

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Sergey A. Andryushin

2017-09-01

Full Text Available Objective to explore the dynamics and factors of formation of corporate debts the characteristics of low credit activity of the Russian banks and regulation of liquidity deficit of enterprises under the new reorganization mechanism in the Russian banking sector. Methods systematic approach to the cognition of economic phenomena which allows to study them in their dynamic development taking into account the influence of various environmental factors. The systematic approach determined selection of specific research methods empirical logical comparative and statistical. Results the article is devoted to the problems of declining credit activity of commercial banks under the conditions of economic activity revival as well as to assessing the impact of the new reorganization mechanism on this process. It is shown that in the recent years the nonfinancial sector faces the trend of optimizing the corporate debts and the liquidity deficit which reduced the demand for loans and as a consequence decreased the banksrsquo credit activity. To analyze the dynamics of deficitsurplus of liquidity in the corporate sector a new classification of liquidity deficitsurplus levels was introduced. Based on the proposed classification the risk factors were identified that influenced the dynamics of indebtedness in the corporate sector. The article also analyses the modern monetary mechanism of money supply in the economy and its transformation. It was determined that the main limitation of credit issuance by commercial banks is their capital not the reserve multiplier. The new mechanism of credit institutionsrsquo financial recovery and its impact on the banksrsquo credit activity was estimated. The conditions of liquidity deficiency reduction in the Russian companies were analyzed in the medium term. Scientific novelty for the first time on the basis of system analysis methods the growth factors of the corporate debt load were identified the peculiarities of low

Investigation of external and internal shock in the stability of Indonesia’s financial system

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Maulina Vinus

2017-07-01

Full Text Available The objective of this research is to develop a financial system stability index and analyze the internal and external factors that we expect to affect the stability of the Indonesian financial system. We measured the single model of financial system stability index (FSSI from year 2004M03 to2014M09 in Indonesia, and compiled a single quantitative measure based on aggregate internal factors and external factors to capture and predict the shocks of the financial system stability. Stability parameters were composed of composite indicators on different bases. In addition, we developed a comprehensive index component associated with the relevant market conditions, including banking soundness index, financial vulnerability index, and regional economic climate index. Results stated that US economic growth and economic growth of ASEAN countries positively affected financial stability. In addition, current account, exchange rate, inflation, interest rate were shown to negatively affect financial stability. The results of this study imply that internal factors have a strong influence on the financial stability. Therefore, the central bank should give a fast and correct response to the changes of external and internal financial environment, especially for internal factors through monetary policy.

Meta-analysis: Problems with Russian Publications.

Science.gov (United States)

Verbitskaya, E V

2015-01-01

Meta-analysis is a powerful tool to identify Evidence Based medical technologies (interventions) for use in every day practice. Meta-analysis uses statistical approaches to combine results from multiple studies in an effort to increase power (over individual studies), improve estimates of the size of the effect and/or to resolve uncertainty when reports disagree. Meta-analysis is a quantitative, formal study design used to systematically assess previous research studies to derive conclusions from this research. Meta-analysis may provide more precise estimate of the effect of treatment or risk factor for a disease, or other outcomes, than any individual study contributing to the pooled analysis.We have quite a substantial number of Russian medical publications, but not so many Meta-Analyses published in Russian. Russian publications are cited in English language papers not so often. A total of 90% of clinical studies included in published Meta-Analyses incorporate only English language papers. International studies or papers with Russian co-authors are published in English language. The main question is: what is the problem with inclusion of Russian medical publications in Meta-Analysis? The main reasons for this are the following: 1) It is difficult to find Russian papers, difficult to work with them and to work with Russian journals:a. There are single Russian Biomedical Journals, which are translated into English and are included in databases (PubMed, Scopus and other), despite the fact that all of them have English language abstracts.b. The majority the meta-analyses authors use in their work different citation management software such as the Mendeley, Reference Manager, ProCite, EndNote, and others. These citation management systems allow scientists to organize their own literature databases with internet searches and have adds-on for the Office programs what makes process of literature citation very convenient. The Internet sites of the majority of

Analysis of the Ability of United States and Russian Trace Contaminant Control Systems to Meet U.S. 180-Day and Russian 360-Day Spacecraft Maximum Allowable Concentrations

Science.gov (United States)

Perry, J. L.

2016-01-01

As the Space Station Freedom program transitioned to become the International Space Station (ISS), uncertainty existed concerning the performance capabilities for U.S.- and Russian-provided trace contaminant control (TCC) equipment. In preparation for the first dialogue between NASA and Russian Space Agency personnel in Moscow, Russia, in late April 1994, an engineering analysis was conducted to serve as a basis for discussing TCC equipment engineering assumptions as well as relevant assumptions on equipment offgassing and cabin air quality standards. The analysis presented was conducted as part of the efforts to integrate Russia into the ISS program via the early ISS Multilateral Medical Operations Panel's Air Quality Subgroup deliberations. This analysis, served as a basis for technical deliberations that established a framework for TCC system design and operations among the ISS program's international partners that has been instrumental in successfully managing the ISS common cabin environment.

Development and optimization of the financial mechanism’s social insurance system in Ukraine

OpenAIRE

Telychko, N.

2014-01-01

In the article the theoretical principles of the improvement of determining of the financial mechanism’s social security system are analyzed. Was investigated the model of the financial mechanism’s social security. According to the planned objectives was proposed effective organizational structure of the financial mechanism’s social insurance system in Ukraine.

Institutions and organisations in Russian higher education: the example of Rostov region education services market

Directory of Open Access Journals (Sweden)

Volchik Vyacheslav, V.

2015-12-01

Full Text Available The paper examines the process of transformation in institutional and organizational structures of Russian Higher Education (Rostov Region is taken as an example. Adaptive economic behavior of key actors on the Russian education services market has been studied in the context of constantly changing institutional and organizational environments. Original institutional approach in the tradition of J. Commons and J. Hodgson has been applied to analyze interconnections between institutions and organizations. The evolution of institutional and organizational structures in Russian Higher education has been divided into three stages. We distinguish between those stages taking into account the dynamics of quantitative indicators and the change in norms and standards that regulate actors’ behavior in the field. The period of 1990-2002 can be characterized by weakening of government regulation and, simultaneously, lack of financial support of Higher Education. Meanwhile, private Higher Education and paid university programmes developed rapidly during that period. These changes resulted in quantitative growth in the field on the one hand, and devaluation of Higher Education, on the other hand. It is assumed that the “bubble” in Russian Higher Education, which arose in 2002-2008, occurred to a great extent because of the expansion in extramural and lowquality full-time education aimed only at getting graduate diplomas. During the period of bubble formation and latter decline in demand on the Russian education services market, the Government strengthened norms and standards referring to regulation of Higher Education. Recent “optimization processes” of 2009-2015 resulted in reducing the number of students and lecturers, universities and their branches.

Reading L2 Russian: The Challenges of the Russian-English Dictionary

Science.gov (United States)

Comer, William J.

2014-01-01

This descriptive study examines when and how students use Russian-English dictionaries while reading informational texts in Russian and what success they have with word lookup. The study uses introspective verbal protocols (i.e., think-alouds) to follow how readers construct meaning from two texts while reading them for a limited time first…

TEACHING THE GRAMMAR OF RUSSIAN LANGUAGE AS FOREIGN IN RUSSIAN TEXTBOOKS FOR BEGINNERS (OPINION OF THE CHINESE TEACHER)

OpenAIRE

Zeng, T.

2017-01-01

Increased interest towards studying the Russian language in China evokes the interest of Chinese teachers of the Russian language to educational and methodological materials created by their Russian colleagues. First and foremost, Chinese philologists are interested in nationally oriented textbooks. In this article, we discuss the main features of grammar in Russian textbooks aimed at Chinese students who are just beginning to learn Russian. This paper compares nationally oriented textbooks “...

Financial Crisis in Russia: Cuases and Prospects

Directory of Open Access Journals (Sweden)

Seungweon Suh

1998-06-01

Full Text Available Although we cannot exclude the reason for financial crisis in Russia's foreign exchange is the depreciation of Rupees and a loss for foreign investment caused the currency crisis in Asia, but most people predicted that by the support of the Russian government and the deflation efforts it will soon go back to stable. And other people said that there is no possibility of causing the world economic chaos but also no possibility for this situation to evolve into a situation where old policy replaced by new one and where there is Country moratorium. At the time when the prediction was made, since the Korea-Russia relationship is still weak, this Russian Crisis caused small influence on Korean Economy. But some section like exporting electronic products and food which rely Russia quite a lot, should analyze the situation carefully in order to face the shrinkage of market demand of Russia.

Integration of financial and management accounting systems : the mediating influence of a consistent financial language on controllership effectiveness

OpenAIRE

Weißenberger, Barbara E.; Angelkort, Hendrik

2009-01-01

To provide accounting information for management control purposes, two fundamental options exist: (a) The financial records can be used as a database for management accounting (integrated accounting system design), or (b) the management accounting system used by controllers can be based upon a so-called third set of books besides the financial and tax accounting records. Whereas the latter approach had been typical for firms in German-speaking countries until the 1980s, since then an increasi...

Supporting the initiative. Cooperation in radioactive waste management with the Russian Federation

International Nuclear Information System (INIS)

Bonne, A.; Semenov, B.

2000-01-01

An important objective of the IAEA activities is to facilitate and strengthen international co-operation for the sound and safe management of radioactive waste and spent nuclear fuel. The Russian Federation has been facing a number of complicated environmental problems in this field. This article gives a brief overview of the activities of the Contact Expert Group (CEG) which was established in 1996 with the objectives to promote international co-operative efforts aimed at resolving radioactive waste management issues, including radiation safety, environmental, technical, legal, organizational and financial matters

Financial management systems under decentralization and their effect on malaria control in Uganda.

Science.gov (United States)

Kivumbi, George W; Nangendo, Florence; Ndyabahika, Boniface Rutagira

2004-01-01

A descriptive case study with multiple sites and a single level of analysis was carried out in four purposefully selected administrative districts of Uganda to investigate the effect of financial management systems under decentralization on malaria control. Data were primarily collected from 36 interviews with district managers, staff at health units and local leaders. A review of records and documents related to decentralization at the central and district level was also used to generate data for the study. We found that a long, tedious, and bureaucratic process combined with lack of knowledge in working with new financial systems by several actors characterized financial flow under decentralization. This affected the timely use of financial resources for malaria control in that there were funds in the system that could not be accessed for use. We were also told that sometimes these funds were returned to the central government because of non-use due to difficulties in accessing them and/or stringent conditions not to divert them to other uses. Our data showed that a cocktail of bureaucratic control systems, corruption and incompetence make the financial management system under decentralization counter-productive for malaria control. The main conclusion is that good governance through appropriate and efficient financial management systems is very important for effective malaria control under decentralization.

Certification of U.S. instrumentation in Russian nuclear processing facilities

International Nuclear Information System (INIS)

Powell, D.H.; Sumner, J.N.

2000-01-01

Agreements between the United States (U.S.) and the Russian Federation (R.F.) require the down-blending of highly enriched uranium (HEU) from dismantled Russian Federation nuclear weapons. The Blend Down Monitoring System (BDMS) was jointly developed by the Los Alamos National Laboratory (LANL) and the Oak Ridge National Laboratory (ORNL) to continuously monitor the enrichments and flow rates in the HEU blending operations at the R.F. facilities. A significant requirement of the implementation of the BDMS equipment in R.F. facilities concerned the certification of the BDMS equipment for use in a Russian nuclear facility. This paper discusses the certification of the BDMS for installation in R.F. facilities, and summarizes the lessons learned from the process that can be applied to the installation of other U.S. equipment in Russian nuclear facilities

COMPARATIVE STUDY OF PHRASEOLOGY AS A PRINCIPLE OF NATIONALLY-ORIENTED TEACHING RUSSIAN TO CHINESE STUDENTS

Directory of Open Access Journals (Sweden)

Anna Novikova

2012-01-01

Full Text Available The article characterizes national - orientation principle in teaching Chinese students Russian phraseology. Basing on the observations of Russian linguists and methodists, and on her own experience of teaching Chinese students, the author pays attention to the following aspects of the problem: the main differences between Russian and Chinese phraseological systems; difficulties in comparing Russian and Chinese phraseological units; the most common mistakes made by Chinese students while using Russian phraseological units. According to the author, describing and considering the above-mentioned problems helps to make the process of teaching Chinese students Russian phraseological units more effective.

Structure and Connectivity Analysis of Financial Complex System Based on G-Causality Network

International Nuclear Information System (INIS)

Xu Chuan-Ming; Yan Yan; Zhu Xiao-Wu; Li Xiao-Teng; Chen Xiao-Song

2013-01-01

The recent financial crisis highlights the inherent weaknesses of the financial market. To explore the mechanism that maintains the financial market as a system, we study the interactions of U.S. financial market from the network perspective. Applied with conditional Granger causality network analysis, network density, in-degree and out-degree rankings are important indicators to analyze the conditional causal relationships among financial agents, and further to assess the stability of U.S. financial systems. It is found that the topological structure of G-causality network in U.S. financial market changed in different stages over the last decade, especially during the recent global financial crisis. Network density of the G-causality model is much higher during the period of 2007–2009 crisis stage, and it reaches the peak value in 2008, the most turbulent time in the crisis. Ranked by in-degrees and out-degrees, insurance companies are listed in the top of 68 financial institutions during the crisis. They act as the hubs which are more easily influenced by other financial institutions and simultaneously influence others during the global financial disturbance. (interdisciplinary physics and related areas of science and technology)

Past and future regulation to prevent a systemic financial crisis

Directory of Open Access Journals (Sweden)

Mario Sarcinelli

2010-01-01

Full Text Available The article is a revised and updated version of that published on the March 2010 issues of Moneta e Credito. It was there claimed that, up to now, the G20 has supervised the process to revitalize the real economy affected by the Great Recession through fiscal stimuli and a very easy monetary policy, and to rescue the battered financial system by injecting capital into giant banks and firms. The G20 is now turning its attention to financial regulation, with the FSB as its main operational arm. The ideas that are being proposed stress the need for disincentives toward too much risk taking (more capital, higher liquidity, limits to remunerations and bonuses, etc., particularly by big and complex financial institutions that are likely to entail systemic risks. The paper maintains that, as the disincentive approach is insufficient to deter financial managers looking for power, some kind of segmentation needs to be introduced, as suggested by Paul Volcker.

forced labor in the system of the Russian criminal legislation and problems of its application

Directory of Open Access Journals (Sweden)

Sergey Vladimirovich Tasakov

2015-09-01

Full Text Available Objective to review and analyse the Russian criminal law in the aspect of forced labor taking into account theexisting historical practice to assess the implementation of this type of punishment to identify the existing problems and to propose certain measures to overcome them. Methods dialectical historicallegal comparative legal systemic. Results the research discloses the issues of increasing the efficiency of forced labor in the Russian criminal law defines and discusses thedisputable issues that may arise during the use of this type of punishment proposes specific ways and recommendations for their solution. Scientific novelty the article analyzes criminal punishment in the form of forced labor and discusses issues of increasing the efficiency of this punishment and its enforcement. Practical significance the main provisions and conclusions of the article can be used in scientific educational and practical activities when considering sentencing in the form of forced labor. nbsp

ANALYSIS OF THE MANAGEMENT SYSTEM IN THE FIELD OF ENVIRONMENTAL PROTECTION OF RUSSIAN CHEMICAL COMPANIES

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Anna Makarov

2018-03-01

Full Text Available Since 2007, many chemical industrial companies in the Russian Federation have been actively involved in the Responsible Care® international voluntary program. To implement this program, vast bodies of data on environmental impact assessments needs to be collected. This allows us to analyse the environment-oriented trends in economic and social activities, and to record the achievements and problems in this field. The collected large bodies of data are in many cases heterogeneous, since the report has been a voluntary initiative. To analyse the existing trends in business processes, authors applied the methodology for system analysis of large bodies of data and used their own heuristic approximation algorithm for the treatment of accumulated data. This algorithm gives us the unique possibility of evaluating the performance of both individual chemical companies in the framework of the Responsible Care® program and the Russian chemical industry as a whole.

Upgrades for truck transportation of SNM in the Russian Federation

International Nuclear Information System (INIS)

Gardner, B.H.; Kornilovich, E.

1998-01-01

The goal of this project is the rapid reduction of risk to truck transportation of SNM in Russia. Enhanced protection is being accomplished by cooperation between the US Department of Energy, MINATOM of Russia, the Russian Ministry of Defense, and various Russian Institutes. This program provides an integrated program of specialized trucks that are equipped with hardened overpack (SNM vault) containers, alarm and communications systems, and armored cabs. Armored escort vehicles are also provided to increase the survivability of the guards escorting convoys. Only indigenous Russian equipment, modified and/or manufactured by Designing Bureau for Motor Vehicle Transport Equipment (KBATO), is provided under this program. The US will not provide assistance in the truck transportation arena without a commitment from the Russian facility to provide heavily armed escorts for SNM movement. Each site conducts a detailed transportation needs assessment study that is used as the basis for prioritizing assistance. The Siberian Chemical Combine (Tomsk-7) was the initial site of cooperation. The designs used at Tomsk-7 are serving as the baseline for all future vehicles modified under this program. In FY98, many vehicles systems have been ordered for various institutes. Many additional systems will be ordered in FY99

Guernsey; Financial System Stability Assessment-Update

OpenAIRE

International Monetary Fund

2011-01-01

Guernsey is a leading international insurance center in Europe. Its economy purely depends on the performance of the financial sector. As per the 2003 assessment under the Offshore Financial Center (OFC) program, it is found that the Guernsey Financial Services Commission (GFSC)’s powers have been strengthened in recent years and many recommendations of the 2003 Financial Sector Assessment Program (FSAP) have been implemented. The GFSC has developed a strategy for addressing banks' financial ...

Economic Analysis in the System of Financial Planning of Forestry Enterprises

Directory of Open Access Journals (Sweden)

Ievdokymov Viktor V.

2017-12-01

Full Text Available The aim of the article is to develop organizational and methodological provisions of economic analysis of forestry enterprises’ financial plans as a result of financial planning. The importance of financial planning as a basis for developing managerial decisions regarding the financial potential is substantiated. The characteristic of the development stages and the importance of financial potential in countries of the world is given. The stages of forecasting as the basis of enterprises’ financial plans are considered. The composition of the subsystems, methods and functions of financial planning highlighted in the scientific literature is investigated. The place of economic analysis in financial planning and in the system of financial planning of an enterprise’s economic activity is determined. There identified the directions of information disclosure in a financial plan: formation of financial results, budget settlements, cash flow, capital investments, ratio analysis, financial status, breakdown of individual items. The prospect for further research is to determine the order of applying the analytical procedures for each of these directions of economic analysis to justify the application of the analytical procedures for assessing financial potential on the basis of financial plans of forestry enterprises. This will allow to create information space for managing the financial potential of a forestry enterprise to achieve its tactical and strategic goals.

A Model of System and Strategic Financial Analysis of the Crimean Health Resorts

Directory of Open Access Journals (Sweden)

Vadim Anatolyevich Malyshenko

2016-06-01

Full Text Available The subject matter of the research is the system of strategically focused financial analysis regarding an assessment of the financial condition of the enterprise. The hypothesis of the study is to assume the possibility of developing the financial and strategic model of the comprehensive assessment of the financial condition taking into account the integrated impact of environmental factors (general for the most Crimean health resorts. The methodology of the work is based on the most general principles of system analysis. The basic method of the research is the matrix method as the most common one for the system analysis. The graphical and statistical methods are also used. The result of the work is the comprehensive method of financial analysis developed as a model based on the matrix relation between the original visual profile of the internal environment and the dynamic type of external environment. The difference of the visual model of financial state from the existing graphic methods consists in fixing of the new strategic types of financial state on the basis of financial stability in visually grouped areas of financial coefficients in theme groups (configurationsprofiles with certain combinations of the forms and sizes. The new analytical instrument of «frigate model» can be applied in all analytical activities of the health resorts departments related to the analytical assessment of financial state. The advantage of «frigate model» in comparison with a classical method of the forming of the types of financial condition is that the proposed model allows to allocate more differentiated types and in addition, to identify the stages of enterprise life cycle based on the relative indicators of the analysis of financial state (objects-coefficients, and not just on the financial management. Through this, the consistency of interaction between the financial analysis and management is achieved.

Evaluating Russian space nuclear reactor technology for United States applications

International Nuclear Information System (INIS)

Polansky, G.F.; Schmidt, G.L.; Voss, S.S.; Reynolds, E.L.

1994-01-01

Space nuclear power and nuclear electric propulsion are considered important technologies for planetary exploration, as well as selected earth orbit applications. The Nuclear Electric Propulsion Space Test Program (NEPSTP) was intended to provide an early flight demonstration of these technologies at relatively low cost through extensive use of existing Russian technology. The key element of Russian technology employed in the program was the Topaz II reactor. Refocusing of the activities of the Ballistic Missile Defense Organization (BMDO), combined with budgetary pressures, forced the cancellation of the NEPSTP at the end of the 1993 fiscal year. The NEPSTP was faced with many unique flight qualification issues. In general, the launch of a spacecraft employing a nuclear reactor power system complicates many spacecraft qualification activities. However, the NEPSTP activities were further complicated because the reactor power system was a Russian design. Therefore, this program considered not only the unique flight qualification issues associated with space nuclear power, but also with differences between Russian and United States flight qualification procedures. This paper presents an overview of the NEPSTP. The program goals, the proposed mission, the spacecraft, and the Topaz II space nuclear power system are described. The subject of flight qualification is examined and the inherent difficulties of qualifying a space reactor are described. The differences between United States and Russian flight qualification procedures are explored. A plan is then described that was developed to determine an appropriate flight qualification program for the Topaz II reactor to support a possible NEPSTP launch

User Impact of Literacy on Treatment Outcomes Quality Regional Financial Information System

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Iskandar MUDA

2017-06-01

Full Text Available This study aims to determine the effectiveness of the Outcomes of the Quality Regional Financial Information System. The research is an explanatory survey exploration that explains the relationship between some variables. The population of this study is formed by 7 District Municipalities in North Sumatra. The sample comprises 197 respondents; the sampling process is a purposive random one. Variables used include User Literacy, Regional Information System, Role Ambiguity, Training and Local Government Finance Report. Treatment Outcomes Quality systems have a significant effect on the accuracy of Local Government Financial Statement Presentation. Role Ambiguity has no significant effect on the accuracy of Local Government Financial Statement Presentation. Training does not significantly influence the accuracy of Government Financial Statements literacy. The findings of this study provide recommendations for improvement of the performance manager in North Sumatra, which thus supporting the implementation of a good government system.

Colombia - National Level Public Financial Management and Procurement Report : Status of the Public Financial Management and Procurement System

OpenAIRE

World Bank; Inter-American Development Bank

2009-01-01

This Public Financial Management Performance Report (PFMPR) analyzes the performance of Colombia's public financial management (PFM) institutions, systems and processes. It documents areas where performance is close to or follows international good practice, as well as opportunities to further enhance PFM contribution to the goals of strengthening fiscal discipline, enabling more efficient...

A Primer on Financial System Meltdown. The Economists' View

OpenAIRE

Hahn, Franz R.

2008-01-01

Ideologues are quick to explain the current financial meltdown: it's the markets, stupid. Economists agree but add: it's politics too, stupid. Ideologues agree but counter: first and foremost it's capitalism, stupid. Economists agree but reply: §$%&?!, stupid. This is where this short paper takes us: it makes an attempt to give a brief overview of the economists' views on the ongoing financial system crisis explaining "§$%&?!, stupid".

STATISTICAL ANALYSIS OF COMPETITIVENESS FACTORS OF REGIONS OF THE RUSSIAN FEDERATION

Directory of Open Access Journals (Sweden)

O. V. Bakanach

2015-01-01

Full Text Available In the conditions of market economy the competition is the main driving force of economic growth. The idea about existence of the interregional competition isn't conventional and demands the proof. The phenomena allowing to state existence of the interregional competitive relations which are realized through system of prerequisites of political, economic, legal and technological character were for this purpose studied. Competitiveness – one of the most important characteristics of the territory which level directly influences formation of positive tendencies in development of subjects of the Russian Federation. Productive indicators of level of competitiveness of the region are: a gross regional product on one occupied in economy, production of a gross regional product for one ruble of fixed assets, a gross regional product for one ruble of investments, a share of balanced financial result in a gross regional product. On the basis of private indicators the Pattern method received an integrated indicator of level of competitiveness of region. The quantitative assessment of the factors determining distinctions of regions of the Russian Federation by competitiveness level allowed to define that the competitiveness variation in the territory of regions in the greatest measure depends on a variation of number of graduates of educational institutions with higher education on 1000 people and the specific weight of investments into the enterprises occupied with mining. Regional values of competitiveness are most elastic relatively the specific weight of own investments, that is increase of this indicator for 1 % causes increase of competitiveness for 0.9 %. The practical importance of this work is caused by possibility of application of results of research by federal and regional executive authorities as information representation when developing programs of increase of level of competitiveness of regions of the Russian Federation. Besides, it is

Diversification at Financial Institutions and Systemic Crises

NARCIS (Netherlands)

Wagner, W.B.

2006-01-01

We show that the diversification of risks at financial institutions has unwelcome effects by increasing the likelihood of systems crises.As a result, complete diversification is not warranted adn the optimal degree of diversification is arbitrarily low.We also identify externalities that cause

Financial markets as adaptive systems

Science.gov (United States)

Potters, M.; Cont, R.; Bouchaud, J.-P.

1998-02-01

We show, by studying in detail the market prices of options on liquid markets, that the market has empirically corrected the simple, but inadequate Black-Scholes formula to account for two important statistical features of asset fluctuations: "fat tails" and correlations in the scale of fluctuations. These aspects, although not included in the pricing models, are very precisely reflected in the price fixed by the market as a whole. Financial markets thus behave as rather efficient adaptive systems.

Taxes and free economic zones: Russian practice and China experience

Directory of Open Access Journals (Sweden)

V. E. Shibanov

2016-01-01

Full Text Available Special economic zone – the tool of regional policy of the state used in regions where increase of an economic and social level of development is required, and questions of application of tax benefits and preferences in the territory of a special economic zone acquire special relevance. The purpose of this article is research of the questions concerning the mode of the taxation of special economic zones. In Russia still there is no consensus about the sizes and the special economic zone types, the mechanism of their activity and approach to management. Development of uniform methodology is necessary for the Russian legislation for effective creation of activity of special economic zones taking into account features of a territorial arrangement. This methodology can be developed on the basis of positive experience of functioning of free economic zones of the different countries of the world. In the real work with the help of economic and statistical methods data on development and results of activity of a special economic zone in the territory of the Russian Federation and the China are collected and considered. As an example of successful functioning of the Russian special economic zone the special economic zone "Alabuga" is considered, as an example of functioning in the territory of the China special economic zone Shenzhen and joint industrial park of China and Singapore in the city of Suzhou are considered. The analysis of experience of the China has allowed to draw conclusions on efficiency of development of certain territories of the China through introduction of special economic zones. This fact substantially depends on efficiency of mechanisms of creation and development of economic educations, a possibility of self-government and financial independence in these territories, attraction of the foreign investment capital. There aren't enough these mechanisms in functioning of the Russian special economic zones where concept special

Russian nuclear power plants for marine applications

Energy Technology Data Exchange (ETDEWEB)

Reistad, O. [Norwegian Radiation Protection Authority (Norway); Oelgaard, P.L. [Risoe National Lab. (Denmark)

2006-04-15

In order to establish a systematic approach for future proliferation and environmental analyses of Russia's marine nuclear reactor systems, this paper summarizes and analyzes the available open-source information on the design properties of reactor systems and nuclear fuels. The most distinctive features of Russian marine reactor development are pointed out, and similarities and differences between Russian military and civilian reactor systems and fuel are discussed. Relevant updated information on all Russian vessels using nuclear propulsion is presented in Annex I. The basic analytic division in this paper follows vessel generations first to third generation; and reactor types PWR and LMC technology. Most of the available information is related to nuclear icebreakers. This information is systematically analyzed in order to identify stages in the development of Russia's civilian naval nuclear reactors. Three different reactor models are discussed: OK-150, OK-900 and KLT-40, together with several versions of these. Concerning military reactors, it is not possible to identify characteristics for the individual reactor models, so the basic division follows vessel generations first to third generation. From the information available, however, it is possible to identify the main lines along which the design of submarines of especially the first and the second generation has been made. The conclusions contain a discussion of possible implications of the results, in addition to suggestions for further work. (au)

Russian nuclear power plants for marine applications

International Nuclear Information System (INIS)

Reistad, O.; Oelgaard, P.L.

2006-04-01

In order to establish a systematic approach for future proliferation and environmental analyses of Russia's marine nuclear reactor systems, this paper summarizes and analyzes the available open-source information on the design properties of reactor systems and nuclear fuels. The most distinctive features of Russian marine reactor development are pointed out, and similarities and differences between Russian military and civilian reactor systems and fuel are discussed. Relevant updated information on all Russian vessels using nuclear propulsion is presented in Annex I. The basic analytic division in this paper follows vessel generations first to third generation; and reactor types PWR and LMC technology. Most of the available information is related to nuclear icebreakers. This information is systematically analyzed in order to identify stages in the development of Russia's civilian naval nuclear reactors. Three different reactor models are discussed: OK-150, OK-900 and KLT-40, together with several versions of these. Concerning military reactors, it is not possible to identify characteristics for the individual reactor models, so the basic division follows vessel generations first to third generation. From the information available, however, it is possible to identify the main lines along which the design of submarines of especially the first and the second generation has been made. The conclusions contain a discussion of possible implications of the results, in addition to suggestions for further work. (au)

The Mechanism of Financial Stimulation of Investment Activity

Directory of Open Access Journals (Sweden)

Vasiliy Valeryevich Tarakanov

2016-03-01

Full Text Available Modernization of the Russian economy and creation of conditions for its economic growth demand activization of investment activity that is possible by means of its financial stimulation. Financial stimulation of investment activity defines the need of changes of the contents, the directions and ways of implementation of the financial relations between subjects of investment activity. Financial stimulation of investment activity is carried out via the mechanism in the context of which these financial relations are settled. For defining the mechanism of financial stimulation of investment activity the authors consider the very concept of financial mechanism. The conclusion is drawn that all elements of the financial mechanism are the integrated unity, they are interdependent and interconnected, and the combination of types, forms, methods of the organization of the financial relations forms “a design of the financial mechanism”. The article specifies the maintenance of the mechanism of financial stimulation of investment activity, and reveals its essence. The structure of the mechanism of financial stimulation of investment activity is presented by the following elements: subjects of financial stimulation of investment activity, the purpose of attraction of investments by them, set of financial methods and tools, sources of means of achievement of goals, standard - legal and information support of financial stimulation of investment activity. It is proved that in the mechanism of financial stimulation of investment activity the leading role is played by the state by means of forms of direct and indirect participation in attraction of investments, each of which is realized by means of specific methods and the corresponding tools. The widespread instrument of financial stimulation of investment activity is the investments which are carried out by the state institutes of development participating in the organization of the process of financial

Financial Stress Indices and Financial Crises

NARCIS (Netherlands)

Vermeulen, Robert; Hoeberichts, Marco; Vasicek, Borek; Zigraiova, Diana; Smidkova, Katerina; de Haan, Jakob

This paper develops a Financial Stress Index (FSI) for 28 OECD countries and examines its relationship to crises using a novel database for financial crises. A stress index measures the current state of stress in the financial system and summarizes it in a single statistic. Our results suggest that

COMPLEX EXAMINATION FOR FOREIGN CITIZENS IN RUSSIAN LANGUAGE AND HISTORY AND FUNDAMENTALS OF RF LEGISLATION AS AN IMPORTANT FACTOR OF THEIR SOCIAL AND CULTURAL ADAPTATION

Directory of Open Access Journals (Sweden)

Владимир Матвеевич Козьменко

2014-12-01

Full Text Available The article considers the educational strategy of Russian history, Russian language and basics of the Russian legislation, implemented among labour migrants in terms of their work permit, citizenship of the Russian Federation after the positive exams. The analysis showed that this important work is conducted in the Russian University of friendship of peoples, which is one of the developers of modules for all the above disciplines and Creator of test tasks, unique methods of teaching foreigners, etc. that will start to be implemented in full since January 2015, This work is connected with the fact that currently the Russian Federation and, in particular, the Moscow region are experiencing difficulties in the field of migration policy. In this situation the state authorities tried to provide possible assistance to people in difficult life situation. In particular, migrants were allocated premises for permanent and temporary residence, land for construction of housing, provided medical care, conducted training and education of children in schools and kindergartens, for seniors and low-income issues were resolved on payment of pensions and allowances, etc. But at the same time, financial opportunities of the Russian regions for solution of all problems of migrants did not increase. Such problems are standing before the authorities practically all subjects of the Russian Federation. With this in mind, the article suggests ways of solving these problems.

Economic policy of the monetary authorities as factor of achievement of abstract financial stability

Directory of Open Access Journals (Sweden)

Tashtamirov M.R.

2016-11-01

Full Text Available this article is devoted to the questions of the crisis phenomena in Russian economy in sector of a monetary and credit system and a role of economic policy of the monetary authorities (Bank of Russia in ensuring financial stability. Short assessment of the main macroeconomic indicators of the country economy is given. The author is describing the actions of economic management regarding monetary control. It is inexpedient that the Central Bank for carrying out the tough restriction policy directed to oppression of economic development and further primitivizing of national economy. It is offered to transform monetary policy for ensuring anti-recessionary actions exiting the stagnating condition.

Why Do People See a Financial System as a Whole Very Important?

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Dian Masyita

2015-08-01

Full Text Available The action of one person will affect the others and then the action of one country will affect other countries. Financial crisis is like a contagious disease, which spreads everywhere. The failure in capturing systemic risk is the interconnected market events (’network externalities’ can produce self-reinforcing cycles then create the harmful situation. What happened in the banking regulation particularly Basel II? In reality, Basel II did not work completely in 2008. Since the implementation of risk management based on Basel II has been a prerequisite for a bank, it is supposed to make a positive impact. Misplaced reliance on mathematical model and statistics in managing risk could one of the problems in the decision making process. Using system thinking, system dynamics paradigm and theory of feedback system, this paper tries to see the risk management from different perspective and to enrich the understanding of how financial systems work: what drives them and causes the behavior. Many lessons can be learnt from this financial contagion since Islamic banking and finance system has inevitably been a part of the international financial systems.

The New Russian Book

DEFF Research Database (Denmark)

Pristed, Birgitte Beck

This book takes up the obtrusive problem of visual representation of fiction in contemporary Russian book design. By analyzing a broad variety of book covers, the study offers an absolutely unique material that illustrates a radically changing notion of literature in the transformation of Soviet ...... the fields of Russian studies, contemporary book and media history, art, design, and visual studies.......This book takes up the obtrusive problem of visual representation of fiction in contemporary Russian book design. By analyzing a broad variety of book covers, the study offers an absolutely unique material that illustrates a radically changing notion of literature in the transformation of Soviet...... print culture to a post-Soviet book market. It delivers a profound and critical exploration of Russian visual imaginary of classic, popular, and contemporary prose. Among all the carelessly bungled covers of mass-published post-Soviet series the study identifies gems from experimental designers...

SOME PARADIGMS OF ARTIFICIAL INTELLIGENCE IN FINANCIAL COMPUTER SYSTEMS

OpenAIRE

Jerzy Balicki

2015-01-01

The article discusses some paradigms of artificial intelligence in the context of their applications in computer financial systems. The proposed approach has a significant po-tential to increase the competitiveness of enterprises, including financial institutions. However, it requires the effective use of supercomputers, grids and cloud computing. A reference is made to the computing environment for Bitcoin. In addition, we characterized genetic programming and artificial neural networks to p...

ASPECTS OF COMMODIFICATION OF RUSSIAN IN FINLAND

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Ханнес Виимаранта

2017-12-01

Full Text Available This article examines the commodification of Russian in Finland, where recent decades have seen a sharp rise in the size of the Russian-speaking population and the number of tourists from Russia. We particularly consider the use of Russian in the fields of traditional and medical tourism, education, and culture - all of them areas where Russian tourists show a strong preference for services in their native language. The need to provide a variety of services in Russian means that proficiency in Russian is a sig-nificant asset on the job market, both for immigrants and for the relatively small number of Finns who can speak the language. We also note that there is considerable demand among Russian-speaking parents in Fin-land for educational services to supplement their children’s school education.

Network centrality measures and systemic risk: An application to the Turkish financial crisis

Science.gov (United States)

Kuzubaş, Tolga Umut; Ömercikoğlu, Inci; Saltoğlu, Burak

2014-07-01

In this paper, we analyze the performance of several network centrality measures in detecting systemically important financial institutions (SIFI) using data from the Turkish Interbank market during the financial crisis in 2000. We employ various network investigation tools such as volume, transactions, links, connectivity and reciprocity to gain a clearer picture of the network topology of the interbank market. We study the main borrower role of Demirbank in the crash of the banking system with network centrality measures which are extensively used in the network theory. This ex-post analysis of the crisis shows that centrality measures perform well in identifying and monitoring systemically important financial institutions which provide useful insights for financial regulations.

RUSSIAN BANK ACTIVITY STRATEGIC MANAGEMENT PROBLEMS

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V. B. Pogosyan

2011-01-01

Full Text Available Main strategic management problems characteristic for the majority of Russian bank are: absence of systems making it possible to adapt bank activity elements to changing outer and inner business conditions; obsolete client service system; traditional liquidity and risk managementmechanisms; absence of systems of coordinating bank strategic management process participants’ interests with the banks aims. Ways of overcoming basic difficulties in bank activity strategic management are defined.

Russia’s Money Markets and Financial Institutions in 2014

OpenAIRE

Alexander Abramov

2015-01-01

This paper deals with a wide scope of issues, starting with the post-crisis recovery of Russia's financial market. The author analyzes the market for shares issued by Russian companies, investigates dependence on the global conjuncture of prices and inflow and outflow of foreign portfolio investment. He also studies currency exchange rate, looks at the competition on the domestic share market, and analyzes preliminary results of the merger of the RTS and MICEX. The article deals with the mark...

Divergent Accounts of Equivalent Narratives: Russian-Swedish Interdevochka Meets Swedish-Russian Lilya 4-ever

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Lars Lyngsgaard Fjord Kristensen

2007-10-01

Full Text Available In a region that is traditionally considered to be transnational, Nordic cinema has often posed as the prime case for a transnational cinema. The paper contests this notion of Nordic transnationality by analysing two films that depict two Russian women travelling to Sweden. Interdevochka/Intergirl (Todorovski, 1989, USSR and Lilya-4-ever (Moodysson, 2004, Sweden challenge the inclusiveness of the region and make explicit the fact that Russian identities are not part of the homogenous mixture of the region. Instead, Russian identities of cross-border prostitution are cinematically subjected to rejection and victimisation. This paper examines how Lilya-4-ever adheres to a European anxiety narrative by performing a Russian return narrative and how Interdevochka/Intergirl portrays ‘the fallen soviet woman’ by travelling to Sweden. These cinematic representations of the female Russian identity travelling to Sweden differ from each national context, but by probing into a comparative analysis the paper will reveal that both films need the Other to narrate these stories of transnational labour migration.

The New Generation Russian VLBI Network

Science.gov (United States)

Finkelstein, Andrey; Ipatov, Alexander; Smolentsev, Sergey; Mardyshkin, Vyacheslav; Fedotov, Leonid; Surkis, Igor; Ivanov, Dmitrij; Gayazov, Iskander

2010-01-01

This paper deals with a new project of the Russian VLBI Network dedicated for Universal Time determinations in quasi on-line mode. The basic principles of the network design and location of antennas are explained. Variants of constructing receiving devices, digital data acquisition system, and phase calibration system are specially considered. The frequency ranges and expected values of noise temperature are given.

The System-Synergetic Approach to Development of Banking Systems under Conditions of Financial Instability

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Karcheva Ganna T.

2015-03-01

Full Text Available The aim of the article is to study the theoretical and practical aspects of using the system-synergetic approach to the development and functioning of banking systems under conditions of financial instability. It has been grounded that the theoretical foundations for the development of banking systems are based on the system approach, according to which the banking systems belong to a class of special complex dynamic, self-motivated and open systems with an integrated structure of subsystems and functions. The study of such systems should include two aspects — system-cybernetic and system-synergetic ones. It has been proved that under stationary conditions the banking system development goes on in accordance with the systemcybernetic model, which suggests the presence of a management subsystem, which functions are performed by the central bank. Under conditions of financial instability, in the pre-crisis, crisis and post-crisis periods to study the development of banking systems the system-synergetic approach taking into account the multi-variant and alternative development of the banking system at bifurcation points is used. The criteria of the banking system entering the phase of bifurcation based on assessing the volatility of the current liabilities and possibility of building an analytical trend have been determined. The methodical approaches to evaluating the synergistic effects and level of financial stability of the banking system have been suggested, experimental calculations have been made.

Characteristics of Russian Professionals’ Organizational Behavior

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V V Khurtina

2013-12-01

Full Text Available The paper describes organizational behavior of Russian professionals at the individual and organizational levels. The characteristics of Russian professionals’ organizational behavior are examined on the basis of the Russian Longitudinal Monitoring Survey of HSE, depending on the qualification level and age.

A Russian Keyword Spotting System Based on Large Vocabulary Continuous Speech Recognition and Linguistic Knowledge

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Valentin Smirnov

2016-01-01

Full Text Available The paper describes the key concepts of a word spotting system for Russian based on large vocabulary continuous speech recognition. Key algorithms and system settings are described, including the pronunciation variation algorithm, and the experimental results on the real-life telecom data are provided. The description of system architecture and the user interface is provided. The system is based on CMU Sphinx open-source speech recognition platform and on the linguistic models and algorithms developed by Speech Drive LLC. The effective combination of baseline statistic methods, real-world training data, and the intensive use of linguistic knowledge led to a quality result applicable to industrial use.

Russian Сonsumer Sector: Methodology of Evaluation

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Gavriil Aleksandrovich Agarkov

2015-12-01

Full Text Available The article describes the methodology for estimating the Russia’s consumer sector and the effect of its application. The monitoring procedure of the Russian consumer sector groups indicators into two units: the unit of the estimation of consumer goods and the services market estimation unit. The estimation unit of consumer goods is composed of two modules: food products and non-food products. This module offers two components that provide an estimation of the consumer sector: marketing (estimates the accessibility of retail trade and services for end users and production (estimates the domestic manufacture. The results of the estimation show general improvements in the consumer sector in the period of 2000–2014, but overall development is evaluated as low. The analysis revealed that the financing is growing faster than the quality indices of development. As an example, the financing of agriculture has increased by 1.5 times over 15 years (against comparable prices from 2000, while agricultural production has not changed. Another most pressing challenge is the weak differentiation of the Russian economy, as evidenced by the low rates of non-food production (availability of non-foods of own production remains at a low level and averages 20 %. The results of the estimation suggest the need to reform the regulation of the sector primarily concerning priorities for its development and improvement of financial and economic mechanisms to achieve them.

New approaches in agent-based modeling of complex financial systems

Science.gov (United States)

Chen, Ting-Ting; Zheng, Bo; Li, Yan; Jiang, Xiong-Fei

2017-12-01

Agent-based modeling is a powerful simulation technique to understand the collective behavior and microscopic interaction in complex financial systems. Recently, the concept for determining the key parameters of agent-based models from empirical data instead of setting them artificially was suggested. We first review several agent-based models and the new approaches to determine the key model parameters from historical market data. Based on the agents' behaviors with heterogeneous personal preferences and interactions, these models are successful in explaining the microscopic origination of the temporal and spatial correlations of financial markets. We then present a novel paradigm combining big-data analysis with agent-based modeling. Specifically, from internet query and stock market data, we extract the information driving forces and develop an agent-based model to simulate the dynamic behaviors of complex financial systems.

World and Russian Market of Mergers and Acquisitions

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Natalya S. Zagrebel’Naya

2015-01-01

Full Text Available This article analyzes the global and Russian markets of mergers and acquisitions (M&A. The article also presents the dynamics of M&A deals in the world and in Russia for the period 2010-2014, the geography of transactions and their sectoral structure. The overall analysis is supported by the examples of ten largest M&A deals in the world and in Russia, committed in 2014. In the market economy many companies, mostly large, consider M&A as means to improve the material and the production sector, increase profitability, sustainability, creating a positive image. Such transactions could improve a company's development, make business more competitive and profitable. In today's global economy we could observe the growing trend of global integration, which is manifested in the access of various types of companies into new markets, as well as the concentration of capital and consolidation of business, on the one hand. However, on the other hand, there is deterioration in the conditions of the companies due to the ongoing financial, economic and political crises and economic sanctions. This leads to changes in the activity on the world and Russian markets of M&A. Thus, to study its dynamics and trends in the contemporary world and in Russia is one of the most important and actual issues.

Correlation Model between Economic Development and Environmental Performance on the Basis of Non-Financial Reporting

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Vladimir Dmitrievich Bogdanov

2016-03-01

Full Text Available The most common international standards for the non-financial reporting are reviewed. The Global Reporting Initiative (GRI is determined as an optimal standard of sustainability reporting for the use in the Russian conditions. The environmental component of guidance on the compilation of G4 non-financial reporting of GRI standard is analyzed, the contribution of each aspect in terms of the overall picture of sustainability is determined. The progress of economic science has outlined the importance of incorporating natural components. Moreover, the value of biological resources would be increased through time, and therefore, the economic development of the company cannot be in isolation. To determine the degree of harmony between the economic development and ecological condition of the territory where the company carries out the economic activities, the application of new approaches and methods is necessary. Based on the statistical methods, a correlation model between economic development and environmental performance is developed to identify their relationship on the basis of non-financial reporting. The developed model of correlation can be used by a wide range of oil and gas companies and its general principles by the companies of different industries. The results may be of interest to stakeholders, also, it can be used for administrative purposes, to serve as a platform for forecasting and adoption of administrative decisions to achieve harmony between economic development and environmental performance. The model of correlation has been tested for the data of non-financial reporting of the Russian largest oil and gas company JSC “Surgutneftegas”. The testing has shown a positive relationship between the two systems of the company’s sustainable development: economy and ecology. This obtained result demonstrates a high level of social responsibility of the company in terms of environmental protection. A further study in this field can

Heutiges Russisch (Contemporary Russian)

Science.gov (United States)

Russisch, 1976

1976-01-01

For the purpose of supplying information on actual contemporary Russian usage, this article excerpts sections on noun usage and variations of the genitive ending in the masculine singular from "Stilistik der russischen Sprache" (Russian Language Style) by D. Rosental and M. Telenkowa. (Text is in German.) (FB)

SOME ASPECTS OF FORMATION OF FINANCIAL-INDUSTRIAL GROUPS IN RUSSIA IN 1990S

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Сергей Александрович Лутошкин

2015-12-01

Full Text Available The article examines the main stages of the financial-industrial groups formation in Russia in the 1990s, analyzes the main premises of these forms of association in the industrial and financial sectors, as well as the mechanism of their creation under conditions of the transitional market economy. The study revealed the main forms of financial and industrial groups in Russia and the fact that they had a national specificity. The author concludes that the distinctive feature was the formation of Russian business groups mostly from the former nomenklatura and Komsomol workers on the basis of pre-existing material base, which largely contributed to their rapid transformation into large concerns. The state did not prevent the creation of industrial and financial corporations, because of receiving financial support in the form of replenishment of the state budget through tax revenues and revival of production through investments in illiquid corporate enterprises.

Bye, Bye Financial Repression, Hello Financial Deepening: The Anatomy of a Financial Boom

OpenAIRE

João Manoel Pinho de Mello; Márcio Gomes Pinto Garcia

2011-01-01

Since the conquest of hyperinflation, with the Real Plan, in 1994, the Brazilian financial system has grown from early infancy to late adolescence. We describe the process of maturing with emphasis on the defining features of the Brazilian financial system over the last 20 years: 1) stabilization and the subsequent financial crisis; 2) universality of banks; 3) market segmentation through public lending; 4) institutional improvement. Further paraphrasing Díaz Alejandro (1984), we raise some h...

Experience of implementation of systems of management of professional health and production safety at the Russian entities

OpenAIRE

Shmeleva E.; Bylinkina A.

2016-01-01

This article is devoted to the study of experience in implementation of management systems, occupational health and safety at Russian enterprises. Concretized the benefits and advantages that the company obtained through the implementation of OHSAS methodology. Authors specify that system approach to management of professional safety on modern industrial enterprise can significantly reduce the probability of emergence of risks of occupational accidents, accidents, and emergencies. In the conc...

Economic Factors of Russian Inequality

Science.gov (United States)

Bobkov, Vyacheslav N.; Vakhtina, Margarita A.; Simonova, Marina V.

2016-01-01

The relevance of the researched problem is connected with the high level of economic inequality in Russia. The article goal is to show that the current Russian institutional system is not directed to decrease the economic inequality but on the contrary it continues to make and deepen it. The leading approach to study of this problem is the…

A Critical Analysis of the Recent Russian Regulation on Credit Rating Agencies

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Lorenzo Sasso

2016-01-01

Full Text Available Since the recent financial crisis of 2008, credit rating agencies (CRAs have been under scrutiny for their role in the proliferation of structured finance products. Whether their methodological tools and evaluations have been up to standard is in question. As is well-known, CRAs are multinational enterprises that operate on a global basis. Their evaluations may well hinder the stability of international markets. As a legal response to the many concerns raised about CRAs, different approaches have been applied to the use of credit ratings in the US and EU with many similarities. In this international scenario, the government of the Russian Federation also recently introduced a new regulation on CRAs, drafted on the lines of the European regulation. This short paper is targeted to inform the reader of certain aspects of the newly approved regulation in Russia and to examine – in a comparative way – whether the introduced rules match the expectations behind the initiatives of the Russian government.

CRM Failure to Apply Optimal Management Information Systems: Case of Lebanese Financial Sector