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Protection of Investors : New Challenges for the Disclosure of Information in the Securities Market in Russia
Selivanovsky, Anton - 2014
. In Russia the institute of disclosure in the securities market does not secure provision of investor rights to obtain … disclose information, as mechanisms of liability are ineffective. This institution in Russia does not mitigate the …
Persistent link: https://www.econbiz.de/10013045562
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Informal Loans in Russia : Credit Rationing or Borrower's Choice?
Semenova, Maria - 2013
This paper examines the strategies of Russian households for choosing either the formal or informal banking sector as a source of credit. We aim to learn why households refuse to become clients of a bank and prefer to instead raise funds by borrowing from individuals – friends, colleagues,...
Persistent link: https://www.econbiz.de/10013079860
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Social Development or Social Crisis : Modernization Theory versus World-Systems Analysis
Khutkyy, Dmytro - 2017
The study examines the contradictory claims of modernization theory and world-systems analysis regarding modern social change. While modernization theory argues a human development, world-systems analysis states a global crisis. The two theories are tested against empirical evidence from data of...
Persistent link: https://www.econbiz.de/10012961674
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Crony Capitalism as An Electoral Outcome
Veselov, Dmitriy - 2019
prove that the electoral support of crony capitalism is more likely for countries with a low level of human capital and high …
Persistent link: https://www.econbiz.de/10012867808
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Game-Theoretic Model of Financial Markets with Two Risky Assets
Domansky, Victor - 2012
We consider multistage bidding models where two types of risky assets (shares) are traded between two agents that have different information on the liquidation prices of traded assets. These prices are random integer variables that are determined by the initial chance move according to a...
Persistent link: https://www.econbiz.de/10013104210
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Optimal Financial Repression
Norkina, Olga Alekseevna - 2014
Modern financial repression in advanced economies does not rely on increasing seigniorage revenue, but mostly rests upon regulatory measures to enlarge the demand for public debt that delivers extremely low or negative real interest rate. In this paper we propose the extension of the overlapping...
Persistent link: https://www.econbiz.de/10013040492
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Financial Repression And Transmission Of Macroeconomic Shocks In A DSGE Model With Financial Frictions
Elkina, Mariia - 2021
Financial repression (FR) allows the government to save on its interest rate payments. However, forcing financial intermediaries to increase the share of government debt in their portfolios can alter transmission of macroeconomic shocks. In this paper, we raise the question whether it is the...
Persistent link: https://www.econbiz.de/10013230453
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Explaining the Productivity Advantages of Manufacturing Firms in Russian Urban Agglomerations
Ksenia, Gonchar - 2012
manufacturing industry in Russia. A settlement is counted as part of an urban agglomeration in two cases: that of a large, central …
Persistent link: https://www.econbiz.de/10013096182
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Executing the Decisons of Foreign Courts and the Question of Sovereignty in Russia
Antonov, Mikhail - 2012
The author examines the theoretical difficulties of implementing decisions and awards of foreign courts in Russia … educational background of legal professionals – especially judges – in Russia. It is suggested that the statist conception of law … of law developing in the mentality of legal professionals in Russia …
Persistent link: https://www.econbiz.de/10013096271
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Challenges and New Trends for Nonprofit Accountability in Russia
Jakobson, Lev - 2012
Nonprofit accountability in Russia is becoming increasingly important as nonprofit organizations become more open …
Persistent link: https://www.econbiz.de/10013096520