The paper analyzes the changes in the Russian institutional system in the framework of fundamental interdependence between institutional and economic development. It reviews a number of established international indicators of institutional development. These indicators are used to study the...

This research is aimed at modeling the dynamics of the currency structure of bank deposits taking into account the ratchet effect (hysteresis), as well as comparative scale of presence and comparative dynamics of this effect in the CIS economies, including Russia. This study contains a general...

The objective of the work is the analysis of the impact of grants, allocated from the central government budget for the expenditures of regional budgets, and the “sticker” effect, which means a traditional disproportion between the federal transfers and the amount of regional expenditure. In...

Modeling Currency Structure of Bank Deposits

In September 2008, the IET’s Department for Economic Situation Surveys conducted a business survey among Russian industrial enterprises aimed at identifying the existing obstacles to successful economic development. Within the business survey’s framework the directors of enterprises were...

The paper provides an empirical analysis of the determinants of fiscal decentralization within Russian regions in 1994-2001. The conventional view that more decentralized governments are found in regions and countries with higher income, higher ethnolinguistic fractionalization, and higher...

April 1999 - Considering the positive impact decentralization has had on regional economic performance and expenditure structure, Russia's federal government should: ° Decisively protect local self-governance and budget autonomy. ° Make intergovernmental fiscal relations more transparent. °...