The British proposal to create an International Finance Facility in order to ‘frontload’ $50 billion in aid per year until 2015 has generated a lot of attention and will likely be a major topic at the G8 meeting this July. But the IFF has also been shrouded in confusion and misconceptions....

We provide a model of contagion where countries borrow or lend for consumption smoothing at the market interest rate or a lower IMF rate. Highly indebted countries hit by large negative shocks to output will default. The resulting reduction in loanable funds raises interest rates, increases the...

The article considers "corporate conflict" and "conflict of interests" notions, economic and corporate and management interests of main participants of corporate relations. It underlines reasons of corporate conflicts at domestic enterprises. It analyses American and European practices of...

The article, in order to obtain theoretical and practical experience, is considered the main stages and global trends of reform of rail transport.

По мере развития фондового рынка в Украине оценка акций украинских акционерных обществ становится все более актуальной. Мотивы принятия инвестиционных решений...

В статье рассмотрены понятия «корпоративный конфликт» и «конфликт интересов», экономические и корпоративно-управленческие интересы основных участников...

В статье рассматриваются вопросы развития рынка акций Китая. Анализируется количество акций китайских компаний, находящихся в реальном обороте на Шанхайской...

This assessment reviews the regulatory framework in place for the oversight of the capital markets of the Russian Federation as of June 2011. The Russian securities markets, in particular, have been volatile, reflecting the inflow and outflow of money and the crisis. Foreign investment banks...

Transformation is a process closely connected with reforms in the property-rights regime, but retransfering the ownership has been the core of this process in all post communist countries. The objective of this article is to analyse the drafting of commercial legislation in Albania and Macedonia...

Despite the massive scale of the voucher privatization, there still remains a substantial number of companies where the state has been involved. The residual state property is quantified from the point of ownership and ownership rights that enable control over the assets of privatized...