An AK-model of economic growth is considered based upon a supposition that there are several agents in an economy, which have initially different wealth. Saving rate of each agent depends on her wealth. Main attention is given to asymptotic behavior of equilibrium paths. (in Russian)

We study the determinants of longer-term bank lending to the real economy in Russia. Our empirical results confirm the «development view» of state-controlled banks who display the highest propensity to lend long-term. We control for such variables as cost of funding and the market power in the...

Russian Abstract: Ковенанты не только обеспечивают преимущества от смягчения агентского конфликта, связанного с долгом, включая проблемы недофинансирования, замещения...

The aim of this paper is to analyze the increasing importance of banks in the Russian economy over the period following the financial crisis of 1998. We use several measures to assess the role of banks in domestic financial intermediation in Russia. The traditional macro-level view is...

The article analyzes the ways of making investment decisions. The use of net present value (NPV) and internal rate of return (IRR) are criticized. Describes the indicator « the indicator of the speed of specific increment in value» (IS). The numerical example, proposed in the form of a...

English Abstract. The paper deals with financialization as a process of converting financial capital into fictive and virtual capital, and its separation from the real, productive sphere. It points to the enormous growth of the financial sector during the last decades of the 20th and the...

Abstract. The publication reveals the economic essence, the principles of formation and development of infrastructure of agrarian market institutions, methods of analysis of the status and effectiveness of their work. Consider the form and methods of work in this area (the electronic trading...

Russian Abstract: В статье показано влияние технологических и институциональных факторов на современный экономический рост

Russian Abstract: Анализируются способы формирования коллегиальных органов акционерных обществ и обществ с ограниченной ответственностью, которые позволяют...