Книги по разным темам Pages:     | 1 | 2 | 3 | 4 | 5 |   ...   | 117 | GAIDAR INSTITUTE FOR ECONOMIC POLICY RUSSIAN ECONOMY IN 2011 TRENDS AND OUTLOOKS (ISSUE 33) Gaidar Institute Publishers Moscow / 2012 UDC 330(470+571) BBC 65.9(2Рос)-04 Agency CIP RSL Editorial Board: S. Sinelnikov-Mourylev (editor-in-chief), А. Radygin, N. Glavatskaya Russian Economy in 2011. Trends and Outlooks.

R95 (Issue 33) - М.: Gaidar Institute Publishers, 2012. 560 pp.

ISBN 978-5-93255-342-8 The review provides a detailed analysis of main trends in Russia's economy in 2011.

The paper contains 6 big sections that highlight single aspects of Russia's economic development: the socio-political context; the monetary and credit spheres; financial sphere; the real sector; social sphere; institutional challenges. The paper employs a huge mass of statistical data that forms the basis of original computation and numerous charts.

UDC 330(470+571) BBC 65.9(2Рос)-04 ISBN 978-5-93255-342-8 й Gaidar Institute, 2012 Authors:

Chapter 1.1 - V. Mau;

Chapter 2.1 - N. Luksha, P. Trunin;

Chapter 2.2 - S. Drobyshevsky, I. Sokolov, Т. Tischenko;

Chapter 2.3 - А. Alaev, А. Mamedov, V. Nazarov;

Chapter 3.1Ц3.8 - А. Abramov;

Chapter 3.9 - А. Vedev, М. Khromov;

Chapter 3.10 - А. Shadrin;

Chapter 4.1 - О. Izriadnova;

Chapter 4.2 - S. Tsukhlo;

Chapter 4.3.1 - О. Izriadnova;

Chapter 4.3.2 - Е. Iluykhina;

Chapter 4.4 - Yu. Bobylev, I. Fedorov;

Chapter 4.5 - N. Karlova, N. Shagaida, R. Yanbykh;

Chapter 4.6 - N. Volovik, S. Prikhodko, К. Kharina;

Chapter 5.1 - S. Misikhina;

Chapter 5.2 - L. Karachurina (NRU-HSE);

Chapter 5.3 - Т. Kliachko;

Chapter 5.4 - I. Dezhina;

Chapter 6.1 - G. Malginov, А. Radygin;

Chapter 6.2 - А. Radygin, Yu. Simachev;

Chapter 6.3 - D. Ivanov, М. Kuzyk, Yu. Simachev;

Chapter 6.4 - Е. Apevalova;

Chapter 6.5 - Е. Apevalova, N. Polezhaeva;

Chapter 6.6.1, 6.6.5 - G. Zadonsky;

Chapter 6.6.2Ц6.6.4, 6.6.6 - G. Malginov, G. Sternik (Plekhanov REA, Russian Guild of Realtors);

Chapter 6.7 - V. Zatsepin, E. Trofimova, V. Tsymbal;

Chapter 6.8 - I. Starodubrovskaya.

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Table of Contents Section 1. Socio-political Context................................................................................................................... 1.1. Economics and Politics in 2011: the Global Crisis and the Quest for a New Growth Model.............................................................................................................................. 1.1.1. The Results and Lessons of the Year 2011.................................................................................... 1.1.2. The Global Economic Crisis: Its General and Specific Features................................................. 1.1.3. RussiaТs Economic Policy: the End of the Old Model................................................................. 1.1.4. The New Growth Model: The Supply Economy......................................................................... 1.1.5. Political Processes and the Economy........................................................................................... Section 2. The Monetary and Budget Spheres............................................................................................ 2.1. The Monetary Policy............................................................................................................................ 2.1.1. The Money Market....................................................................................................................... 2.1.2. Inflationary Developments........................................................................................................... 2.1.3. The main measures in the sphere of the monetary and credit policy.......................................... 2.1.4. Balance of Payments and the RUR Exchange Rate.................................................................... 2.2. State Budget......................................................................................................................................... 2.2.1. The General Characteristic of the Budget System of Russian Federation............................................................................................................................ 2.2.2. Analysis of Revenues from Major Taxes into the Budget System of RF................................................................................................................ 2.2.3. Budget System Expenditures....................................................................................................... 2.2.4. Analysis of main Parameters o f the Federal Budget of RF in 2011 and for the Period of 2012Ц2014.................................................................................... 2.2.5. Prospects of RF Budgetary and Tax Policy.................................................................................

2.3. Intergovernmental Fiscal Relations and Subnational Finances............................................................ 2.3.1. Subnational budgets in 2011........................................................................................................ 2.3.2. Financial support from the federal budget................................................................................... 2.3.3. Stimulating the constituent territories of the Russian Federation which achieved best results in enhancing regional taxable capacity...................................................... 2.3.4. Establishing road funds of the constituent territories of the Russian Federation in 2012.......................................................................................................... 2.3.5. The Federal Law УOn the Federal Budget for and the Planning Period of 2013 and 2014Ф with regard to allocation of interbudget transfers to other levels of the budget system................................................................. Section 3. Financial Markets and Financial Institutions............................................................................ 3.1. The Russian Financial Market Post-Crisis Recovery........................................................................... 3.2. Russian Equity Market......................................................................................................................... 3.2.1. Dependence on the Global market prices..................................................................................... 3.2.2. Cash inflow / outflow of foreign portfolio investment.............................................................. 3.2.3. Forex Rates................................................................................................................................ 3.2.4. Competition on the Domestic Equity Market............................................................................ 3.2.5. Consolidation of Stock Exchanges and their Transition under the Control of the Bank of Russia and State-Owned Banks................................................................ 3.2.6. The Increase of the Role of the Government in the Area of Regulation and Oversight................................................................................................................ 3.3. Financial Institutions in Search for New Ideas for Growth............................................................... 3.3.1. Constraints to the Carry Trading Strategy and Increase of the Financial Leverage..................................................................................................................... 3.3.2. Liquidity and the Current Stability of the Banking System...................................................... 3.3.3. Lending on the Rise................................................................................................................... 3.4. Governmentalization of the market for Rb-Denominated Bonds.......................................................3.4.1. An Advanced Growth of Placement of Government Bonds.......................................................3.4.2. The State of the Corporate Bond Market....................................................................................3.4.3. Competition on the Market for Corporate and Regional Bonds.................................................3.5. The Main Risks on the Financial Market............................................................................................3.5.1. Halt of the Growth in the Equity Market Due to the Pricing Factor..............................................................................................................................3.5.2. The Risks of the Outflow of Foreign Capital.............................................................................3.5.3. Risks of Depreciation of the Ruble in the Mid-Term Prospect...................................................3.5.4. Risks of Accumulation of the External Debt by Banks and Non-Financial Companies..............................................................................................................3.5.5. Operating Risks of the Stock Market and the Term Market.......................................................3.5.6. Risks Related to REPO Deals.....................................................................................................3.5.7. Lack of the Financial Market Development Strategy.................................................................3.6. Problems of Attraction of Conservative Institutional Investors.........................................................3.7. The Role of the Stock Market in Modernization of the Economy and Promotion of Innovations.............................................................................................3.7.1. Contribution of the Market of Corporate Bonds in Real Capital Growth.........................................................................................................................3.7.2. The Impact of IPO of Equities on the Economy.........................................................................3.8. The Impact of the Crisis on the System of Domestic Savings............................................................3.9. Development of the Banking Sector in Russia in 2011......................................................................3.9.1. The Post-Crisis False Start..........................................................................................................3.9.2. The Structure of Institutional Financial Flows in 2011..............................................................3.9.3. The Main Trends in the Banking Sector.....................................................................................3.9.4. Raised Funds (Resources for the Banking Activities)................................................................3.9.5. Assets of the Banking Sector......................................................................................................3.9.6. Forecasts of Development of the Banking Sector.......................................................................3.10. Market for Municipal and Sub-Federal Borrowings........................................................................3.10.1. Dynamic of Market Development............................................................................................3.10.2. Structure of the Accumulated Debt..........................................................................................Section 4. The Real Sector of the Economy................................................................................................4.1. Production Macrostructure.................................................................................................................4.1.1. Major trends and economic drivers in 2011...............................................................................4.1.2. Major characteristics of GDP utilization....................................................................................4.1.3. Changes in GDP structure formation - by revenue sources.......................................................4.1.4. Production dynamics and structure by types of economic activity............................................4.2. Russian industry in 2011....................................................................................................................4.2.1. Is Russian industry recovering from the crisis..........................................................................4.2.2. Dynamics of demand and output................................................................................................4.2.3. Price policies of enterprises........................................................................................................4.2.4. Staff problems of Russian industry.............................................................................................4.2.5. Crediting of industry...................................................................................................................4.2.6. Response of industrial enterprises to the raising of compulsory insurance contributions (unified social tax - UST)......................................................4.3. Investment into Real Economy...........................................................................................................4.3.1. Domestic capital investment.......................................................................................................4.3.2. Foreign Investments....................................................................................................................4.4. The Oil and Gas Sector.......................................................................................................................4.4.1. The Dynamics of International Prices of Oil and Natural Gas...................................................4.4.2. Production Dynamics and Structure in the Oil and Gas Sector..................................................4.4.3. The Dynamics and Structure of Oil and Gas Exports.................................................................4.4.4. The Behavior of Prices for Energy Products on the Domestic Market......................................4.4.5. Tax Regulation of the Oil and Gas Sector.................................................................................4.5. Russian agrifood sector: performance and trends.............................................................................. 4.5.1. General outline of agricultural performance.............................................................................. 4.5.2. Pages:     | 1 | 2 | 3 | 4 | 5 |   ...   | 117 |    Книги по разным темам