Korhonen and Peresetsky (2013) suggested a new Kalman-filter type model of financial markets to extract a global stochastic trend from discrete non-synchronous data on daily stock market index returns from different markets. We extend this model to allow the correlation between increments of...

In the paper we analyze the reasons of Russian bank license withdrawal, formulated in orders of CB RF at the period 2005.2–2008.4. During this period, after establishing deposit insurance system in Russia, two main reasons were «money laundering» and «financial insolvency». We design...

Starting from 2008, the admission to the BSc program at the ICEF (NRU HSE) is done by the UNE results. 2008 was a transition year: both UNE and internal HSE exams results were counted. Since 2009 the regulations stay stable — only the UNE and Olympiads’ results have been taken into account....

In the paper technical efficiency of Russian plastic and rubber production firms in 2006–2010 is estimated by SFA. It is demonstrated that increasing firm size will cause increase in its efficiency and also there is increasing returns to scale in the sector. This result is robust for various...

In the paper an econometric method of rating scales mapping is suggested. The method is based on the setting up ordered choice models for the ratings and mapping the correspondent latent variables («continuous ratings») with a monotone function. The method takes into account bank’s financial...

The paper considers efficiency of the Russian Unified State Exam (USE, or EGE, Russian version of SAT), and results of «olympiads» — national students’ contests in economics, mathematics as predictors of ICEF HSE students’ academic achievements. Most courses in ICEF are taught in...

We present a simple hedonic model for apartment prices in Moscow in the year 2003. Based on some 15,000 observations we estimate the model and use the estimates for prediction. Pretest issues are explicitly taken into account.

The paper demonstrates the potential of the stochastic frontier-based methods of performance assessment of non-profit associations. They are commonly used for productivity analysis and could serve as an adequate tool for such assessment, especially when dealing with numerous non-profits pursuing...

The paper examines Russian banks’ household deposit interest rates for the transition period of setting up the deposit insurance system. Monthly observations of Russian banks’ interest rates and balance sheets are used in a fixed effects panel data model. It is shown market discipline has...

The paper studies the banks ratings models developed by using publicly available financial indicators. Models for Moody’s ratings of long-term deposits in foreign currency are constructed. The database includes banks financial data of emerging markets and the European Union. Additionally,...