Egorov Aleksei, Karmazina Alina, Chekmareva Elena
Credit conditions surveys organized by central banks are important data source for loan market analysis. In this article we propose an analysis of usage of this surveys in foreign countries and features of this survey in Russia. The special attention is given to analysis of results of credit condition survey in Russian Federation and further development of this survey.
The paper reviews the monetary policy in the euro area during the period from August 2007 till October 2009. The author examines the ECB policy response to the financial market turbulence and assumes that monetary authority managed well in providing liquidity to banks and calming markets but failed to stimulate borrowing and economy. Given the leading role of the US central bank in the global financial system and its ability to manipulate financial markets - one of the exogenous factor
At all stages of investment process it is necessary to consider considerable number macro- and microeconomic factors and to count huge number of the indicators, which conjoint analysis of values in itself is an essential scientific problem and it is inconceivable without the system approach. In the clause own determination of investment appeal is made. The new approach to process of accepting investment decisions is offered, the factors which change will allow to increase investment appeal and capitalization of banks are specified.
Butikov Igor, Kotov Valentin
Article is devoted a modern macroeconomic condition in Czech Republic. We investigate the real-nominal convergence nexus from the perspective of euro area entry. The paper discusses the challenges faced by Czech Republic on the road to the euro and the strategies for and timing of euro adoption.
In the circumstances of liquidity crisis the research of innovative financial technologies, including securitization, became crucially important to solve a number of problems with financing as well to eliminate crisis's consequences. Strict collateral requirements are the key factor which restrains bank loans attracting by construction companies in oil and gas industry. The present article discusses possibility of securitization for those enterprises as an alternative method of their projects financing on the basis of revenues and assets structure for mentioned branch. The article also provides methodological approach to efficiency estimation for securitization projects.
The article reviews the latest Russian and international statistics and, thus, reveals sources and forms of financing of mergers and acquisitions. The main tendencies in the use of various financial instruments are discussed in relation to the purposes and the motives which the establishment of the economic combinations may pursue. Moreover, the author discusses different factors of financing and gives the characteristics to the agents of the financing process.
We aim to discover the relationship between market discipline and banking system transparency using the cross-country data (1990-2003) with Nier index and index based on World Bank surveys' data. We show that measures aimed to increase transparency, not being accompanied with requirements related to information availability and/or interpretability, may be not efficient in reaching the goal of market discipline stimulation.
Minin Boris, Tarankova Larisa
Kurasov Aleksandr, Popov Konstantin, Makhnacheva Tatiana