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2_2013

CONTENTS

 ECONOMIC THEORY

E. Davar

Government Spending and Economic Growth

MACROECONOMIC CALCULATIONS

1.1. Eliseeva, A. N. Schirina, E. B. Kapralova

The System of National Accounts of Russian Federation as a Tool for Macroeconomic Analysis

A. V. Vorontsovskiy, A. Yu. Dikarev

Forecasting of Macroeconomic Indicators in Simulation Mode Using Stochastic Models of Economic Growth for a Small Open Economy

V. P. Peresada

The Impact of the Structure of Assets in Financial and Production Sectors on Their Efficiency

 

MICROECONOMIC CALCULATIONS

А. B.Petrovskiy, N. I. Didenko

Resources of St. Petersburg Basic Research

BANKING

W. Grzegorchyk

Marketing Activities of Polish Banks: Evaluation and Tendencies

M. E. Lebedeva

Banking Systems of Several Countries of Central and Eastern Europe: Analysis of the Current State

 

FINANCIAL MARKETS

V. I. Kapustkin

Modernization of the International Monetary System

 

FINANCIAL MANAGEMENT

А I. Vaysblat, A. E. Dolnakov

The Calculation of Investment Projects on Energy Considering Risk and the Selection of the Optimal Project

I. N. Malkina

Strategic Financial Analysis of an Enterprise

 

GOODS AND SERVICES MARKET

A. F. Faraudello

Valle d’Aosta Region: Survey about Hotel’s Financial Needs

V. A. Andreev, I. N. Bogolubov

Modelling of the Options for Sustainable Functioning and Development of Energy and Water Supply in the City (based on the example of St. Petersburg)

M. S. Krass

High-cost Economy of Nuclear Power Stations

 

ACCOUNTING AND AUDIT

V. A. Yakimova

Transformation of the Prerequisites of the Accounting Reports for Audit Purposes under Conditions of the Introduction and Adaptation of IFRS in Russia

N. Generalova, N. Sokolova

Polymorphism of Interpretations of the Accounting Information in Integrated Accounting System

Sun Lin

Causes, Current Status and Strategic Choice of Chinese Government Accounting Reform

 

BUSINESS ENVIRONMENT

A. N. Aganov

Normative and Legal Regulation of Consumer Credit in Russia: Problems, Challenges and Opportunities

 

HISTORY OF FINANCE AND ACCOUNTING

V. N. Livshits

In memoriam of Leonid Vital’evich Kantorovich

V. J. Sokolov

A Friend of the Afflicted, Unknown Biography of Vassili Dmitrievich Belov

T. V. Eremenko

On the Origins of the Depreciation Theory in Germany

 

A BOOKSHELF

D. A. Lvova

Borodkin L. I., Valetov T. Y., Smirnova Yu. B, Shilnikova I. V. «Not by Ruble Alone»: Work Incentives for Textile Workers in Pre-revolutionary Russia. Moscow: Russian Political Encyclopedia (ROSSPEN), 2010

A. A. Kudryavtsev

Kindleberger Ch. P., Aliber R. Z. Manias, Panics and Crashes: A History of Financial Crises. 6th ed. N.Y.: Palgrave Macmillan, 2011

 

REVIEW OF SCIENTIFIC EVENTS

I. I. Eliseeva

Scientific and Practical Conference «The All-Russian Census of Population: the Experience and Prospects»

 

SUMMARIES

Ezra Davar

Government Spending and Economic Growth

This paper deals with one of the central remedies for the contemporary financial- economic cri­sis, i. e., the method of increasing government spending. However, this paper shows that this method is incompatible and irrelevant for this goal in its current form due to the fact that it is based on two erroneous postulates: (1) Keynes’s investment multiplier; because of two reasons: (a) the substitution of the cause (the national income) for the effect (investment), and (b) it is the inverse of the marginal propensity to invest; and (2) the printing of fiat money as the main source for increasing government spending.

Keywords: Government Spending, Economic Growth, Keynes’s investment multiplier, The Printing of Fiat money.

I.I. Eliseeva, A N. Schirina, E. B. Kapralova

The System of National Accounts of Russian Federation as a Tool for Macroeconomic Analysis

Structure of Russian economy is analysed on the base of Statistical Abstracts on SNA since 1993 until 2010. The main macroeconomic indicator is considered using three approaches: produc­tion, distribution, final consumption. It is shown inefficiency of Russian Economy: didn’t have a profit growth, short-coming of Gross saving. The authors have concluded the incomleteness of SNA RF. We don’t have so far the Financial A:count, macroeconomic indicators are based on the aggregative data but don’t on the base of generalization of microdata, the absence the indi­cators for sectors and industries.

Keywords: System of National A:counts, production, distribution, Gross saving, indicator, sec­tor, industry.

A. V. Vorontsovskiy, A. Yu. Dikarev

Forecasting Macroeconomic Indicators Using Simulation Based on Stochastic Models of Economic Growth for a Small Open Economy

The articles devoted to the formulation of a stochastic growth model for a small openeconomy, the substantiation of the discrete approximation of model’s restrictions in the form of recurrence relations, and for ecasting macroeconomic indicators using simulation. We show the possibility of constructing the discreteapproximation of stochasticrestrictions using the properties of the Wienerprocess’ increments. Also we present the results of simulation by the example of the econ­omy of Norway, and the possibility of forecasting with selectednitial period.

Keywords: stochastic growth model, small open economy, increments of Wienerprocess, discrete approximation, recurrence relations, forecast based on simulation.

V. P. Peresada

The Impact of the Structure of Assets in Financial and Production Sectors on Their Efficiency

By using the method of costs-output the author presents the ultimate conditions of the efficien­cy of the production and financial sectors of the economics.

Keywords: efficiency, production sector, financial sector.

 

A.  B. Petrovskiy, N. I. Didenko

Resources of St. Petersburg Basic Research

The paper examines trends in the development of basic research in St. Petersburg on the exam­ple of the participation of the scientific community in the grants of the Russian Foundation for Basic Research. Differential analysis was performed on clusters of exact and natural sciences with their decisive influence on the innovation capacity of the region. The contributions of high­er education and academic research considered separately as well as the contributions of leading research organizations of St. Petersburg.

Keywords: Basic Research of St. Petersburg, grants, academic institutions, research potential.