During Russia's transition, debates raged over the formation of a market economy and the role of the state. Behind these debates lay both the control of oligarchs over strategic branches of the economy that export raw materials and the experience of the 1998 crisis that drew attention to the...

The composition of pension portfolio in emerging countries has several questions about the validity of portfolio building rules - which were standardized only on developed countries. Liquidity and distributional map of government bond markets are different in developed and emerging countries,...

During the transition in East Central Europe, a number of criteria and schools of thought clashed over the creation of a market economy and the role of the state. The long-term demographic vulnerability of the region is also coupled with a crisis in the labor market tied to the transition. To...

Reserve Fund, National Wealth Fund and the funded part of the pension system are acting as a puffer to smooth the impact of external shocks on Russian federal budget. Sensibility for external shocks is the result of raw material exporter role of the country; witch affects not only the balance of...