The article presents an assessment of the macroeconomic consequences of the introduction of the single currency in the EurAsEC, which are largely determined by the relatively large size of Russia compared to other countries of the Community, as well as the strong dependence of the Russian economy from fluctuations in hydrocarbon prices. The article deals with economic and social differences in the assessment of the overall effect of the input of the single currency. The article shows the necessity of creation of the stabilization Fund of the EurAsEC in order to overcome the negative social and economic consequences because of procyclicality the Russian economy.
Belousova Veronika, Krivokharchenko Anastasia, Usoskin Valentin
Substantial growth in the volume of transactions carried out by the payment systems in recent years aggravates lack of liquid funds for participants of the payment process, that in turn leads to increase of systemic risk that may cause a deterioration of functioning of banking system and financial markets of the country. This paper considers the key types of liquidity regulation methods in large-value payment systems, as well as their role in their further development. Special attention is paid to the central bank measures to supply participants of payments with additional liquidity to insure smooth payment processing. Our cross-country econometric study shows that central bank credits have a significant influence on the growth of payment systems operations. These results are consistent with the relevant findings of some foreign authors.
Emelin Andrei, Perov Boris
At the present time in Russia the question of active development of mortgage lending is on the agenda, for the purpose of providing the Russian citizens with affordable housing. In this regard, new programs of interaction between banks and the state, as well as other subjects of the mortgage, are developed. The paper presents the types of housing programs for the owners of dilapidated housing and children with disabilities from childhood, shows the results that may be obtained in their implementation.
Ganeev Radmir, Vakulenko Liudmila