This paper deals with the issues of the Russia's federal budget in 2008. The authors focused on the general characteristics of the RF budget system, execution of the federal budget in 2008, analysis of collection of main taxes, expenditures, and assesment of budget parameters without regard to...

The paper deals with an analysis of efficacy of monetary and credit policy in the major oil_exporting economies from the perspective of sterilization of shocks caused by money offer generated by fluctuations of export revenues fueld by oil price fluctuation on the global market. Basing on...

We use to consider Russia as a commodity state whose welfare was mainly based on extraction and export of hydrocarbons. Well, Russia has one of the biggest oil and natural gas endowments, virtually dominates at the European crude oil and natural gas markets and actively builds up export of oil...

This publication analyses general terms regarding the development of international financial centers, the role of the state in the regulation of financial market. The authors examined the making of leading financial centers. This research allows to evaluate feasibility for creating international...

The present work addresses the issue of identifying main factors, which determine the problems in certain Russian banks during 2008-2009 crisis. As in most such studies, this task is carried out by constructing a binary regression models estimated on the data from banker's books and...

This paper is about the study of mechanisms of money transmission in Russia's economy based on the econometric analysis of macrodata as well as on the data about commercial banks balances. The authors demonstrated that for the last several years the channel of bank credit and the channel of...

The study is dedicated to the search of the factors affecting monetary demand in Russia, and the analysis of the achieved stability level in monetary demand. The analysis of the monetary demand in Russia is made with the help of dynamic least-squares method, allowing to obtain statistically...

This paper is about the bane of the Russian economy: rich oil and gas reserves, which hamper the implementation of structural economic reforms. Oil industry forms the backbone of the Russian economy playing a major role in ensuring revenues of the government budget and the country’s favorable...

In the world economy perspective, the main factors and sources of economic growth of Russia are: the level of prices and physical scope of demand for basic raw materials of the Russian export on the world market (oil and other raw materials), access to capital on the world financial market for...

Policy goals of the Central bank of Russia