Auditing in the Bank of Russia: Brainstorming and the Auditing Sociometry

Surikov Nikolay

Banking Regulation in 2015-2016: Key Changes and Outlook

Pozdyshev Vasily

Bank Lending in the System of Relations of Distribution

Popadiuk Kirill

Bank of Russia Communications Channels in the Context of Global Experience

Kuznetsova Olga, Merzlyakov Sergey

The paper is devoted to the information policy of the central banks. In particular, the authors consider regular and irregular communication channels of the Bank of Russia used for the transmission of information, and compare them to other countries with inflation targeting. Moreover, they discuss further improvement of the Bank of Russia''s transparency.

Border-Adjacent Monetary Flows in the Eurasian Economic Union: the Case of Orenburg Region

Stakhniuk Aleksandr

Certain Topical Issues Pertaining to Enhancing the Quality of Bank’s Operations

Milyukov Anatoly

Credit Risk Management in Financial Derivatives Market

Safonova Tatiana

The article presents an analysis of credit risk arising on transactions with derivatives. It also discusses ways of credit risk minimization, such as the collection of CSA (Credit Support Anex), close-out netting. Special attention is paid to the correlation of legal and credit risks, as well as the negative law enforcement and the stimulating effect of the so-called escape from the obligations (walk away).

Denomination of Belorussian Rouble

Borisov Stanislav

Developing Consumer Lending

Motovilov Oleg

In this papes the existence of obstacles in the legislation for development of short-term loans of the citizens having deposits in a bank is examined. The author proposes to introduce a special type of relations that allow banks to give the loans secured by the borrower''s cash in a bank; to use the set-off in a situation when the customer receives the loan before the expiry date of his contribution in the bank. There is stipulated that the offered schemes of crediting can be implemented only after the introduction of irrevocable term deposits.

Financial Contents of Shadow Capital

Tanyuscheva Natalia

In connection with the large-scale outflow of the capital and decrease in rates of economic growth, risks of shadow economy''s growth and money laundering are increasing. The risks caused impetuous creation of global anti-money laundering system, which considerably expanded requirements to financial institutions and strengthened sanctions against them. In such situation it is necessary to create the scientific bases of the researches, aimed at growth of anti-money laundering stability of financial system, and first of all - improvement of conceptual tools. The development of such tools is the purpose of this article.

Financing Small and Medium-sized Businesses’ Investment Activity: Transparency Issues

Grigorian Sergey

Forecasting Terms of Trade for Russia

Burova Tatiana

The article is devoted to increasing relevance of the assessment of the expected terms of trade for Russia. In conditions of price volatility on global commodity markets for commodities and the decline in energy prices increases the urgency of forecasting the terms of trade. The scale and urgency of changes in the conjuncture of world prices is reflected in appropriate macroeconomic indicators of foreign trade, balance of payments, have a direct impact on budget revenues, in particular revenues from energy exports. The article uses a structural approach to calculation of terms of trade for Russia, based on the method of transfer on terms of trade dynamics, patterns of foreign economic activity in the current period. Indicates the possibility of using the proposed method in monetary and fiscal policy.

Realization of DSGE-Model

Bezborodova Aleksandra

The paper presents a implementation of a dynamic stochastic general equilibrium model (DSGE-model) on the empirical data of the Republic of Belarus and the Russian Federation. Belarusian economy is a small open economy in comparison with Russian one. The model is based on economic theory, its structural parameters are describing the behavior of economic agents at the micro level, which makes the DSGE-model not a subject to the Lucas critique. On the basis of the developed instruments it is possible to analyze not only the impact of domestic policy on separate sectors of Belarusian economy, but also to assess the force of the impact of the changes in the economy of the Russian Federation on the dynamics of the main macroeconomic indicators of Belarus.

Through the Prism of the Centuries

Kolomiytseva Vera

Upgrading Regulation of Credit Consumer Cooperatives in Russia

Mamuta Mikhail, Chirkov Aleksey

The article is devoted to the review of the basics of the legal status of credit cooperatives in Russia, the current challenges faced by its regulation, and possible answers to them. We consider the importance of the principle of solidarity (collectivity) for credit cooperatives and ways of legislative provision of the actual compliance of their activities to the given principle.





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