T-bills were introduced in 1995 and are still one of the most important instruments of the securities market of Armenia (85-95% of all operations of the secondary market in the last five years). The maturity yield of the state bonds during the last 7 years has been between 20% to 100%. Despite...

The problem of poverty and inequality measurement in contemporary Russian society is considered within the framework of the general problem of social tension reduction via efficient organization of the social assistance system. We argue that features specific to Russian transition stipulate that...