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. . . . . . . . . . . . . . . . . . . . . .3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 . . . . . . . . . . . . . . . . .4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 . : . . . . . . . . . . . . . .7 . . : .. . . . . . . . . . . . . . . . . . . . . . . . .8

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- 2015 .. . . . . . . . . . 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65

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ContentsCurrent News In Ukraine, the ban set prices in foreign currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3Exchange controls . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3Major violator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3Magadan customs summed up the currency controls four . . . . . . . . . . . . . . . . . . . . . . . . .4

The World Monetary SystemEurozone and U.S. stock exchanges are pulling down . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5Dyshlyuk B. European Monetary Fund: the reason for creating . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7Gomberg D. M. International operations in the Russian commercial banks: and ways to improve the prospects for development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8

Experience and opportunities Khandruyev A. A. Tips eyewitness. The strategy of multiple exchange rates is fatal . . . . . . . . . . . . . . . . . 17Mironov V. N. Experience and methods of economic reform in Australia: Lessons for Russia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Plakhova T.A. The fi nancial stability of insurance companies in the Russian Federation as a factor in the reliability of the insurance business . . . . . . . . . . . . . . . . . . . . . . . . . . . 29Lityagin N. N. Financial investments: how to make them eff ective . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

Monetary and fi nancial strategy of Russia The development strategy of the banking sector in Russia 2015 . . . . . . . . . . . . . . . . . . 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65

Potential strategies Entrepreneurs off ers an innovative project budget. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69

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Dear Colleagues,

E-mail us about the problems that cause diffi culties in your work. We have a variety of ways to help you with necessary information. We in-vite readers to share their experiences, because it can be interesting and useful to others.

Their opinions and suggestions, please send by e-mail: [email protected] 125040, Moscow, PO Box 1.

Contact telephone Publishers: (495) 664-27-38,www.politeconom.ru, www..

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European Monetary Fund: the reason for creating European Monetary Fund: the reason for creating

Abstract: The debt crisis in the peripheral countries and the eurozone single currency stability, the threat of forced European governments to take urgent action to prevent a full-scale crisis. The reason for creating a new institution of the euro area and the focus of this article. Key words: global fi nancial crisis, fi scal policies, default, defi cit, debt crisis.

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International operations in the Russian commercial banks: International operations in the Russian commercial banks: and ways to improve the prospects for developmentand ways to improve the prospects for development

Abstract: The paper is devoted to the Russian practice match making calculations, primarily in the form of credit, international rules, both formal and informal, which are known as business customs. Early adoption of appropriate amendments to our legislation will facilitate more eff ective integration of our country in the world economy. Key words: international accounting, international relations, management of international payments, correspondent banks, national banks, risk calculations, the security of transactions; documentary letter of credit.

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Experience and methods of economic reform in Australia: Experience and methods of economic reform in Australia: lessons for Russia lessons for Russia Abstract: To develop a modernization of the Russian economy requires registration experience the rise and fall in this direction in other countries. Australia, having some similarities with Russia, the baseline characteristics of the economy, thanks to an effi cient and fl exible economic policy has made signifi cant progress in socio-economic development, actively encourages and uses foreign capital to their advantage, gained credibility among trading partners. It is among the most developed and advanced international educational centers. Article is devoted to reforming the Australian economy and the possibilities of using its expertise in innovative development of Russian conditions.

Key words: modernization of the economy, reform, transformation tools change; comparative advantage, trade policy, foreign investment, emerging innovation system, foreign trade activities.

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9 Department of Industry, Science and Research National Enabling Technology Strategy, 2010.10 http://www.mdgs.un.org/unsd mdg /Data.espx11 Private Public Partnership for Research and Innovation: An Evaluation of the Australian Experience OECD, http://www.oecd.org /database/49/16/25718007.pdf12 Australian Government Department of Industry, Tourism and Resources Background Paper 4 Drivers of Change in Australian Industry, may, 2.13 http://www/crc.gov.au./information/default.aspx14 http: www.csiro.au15 www.abs.gov.au Education Reform Agenda 1301.0-Year Book Australia, 2009-10.

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19 http://www.commersializationaustralia.gov. au/ about us/pages/default.espx

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26

. - .

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, - , - , , - , , . - , , .

28 % -. -

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, , - -, . - () 5,8% 430 . ( 30 % ), - (25 %) 22.

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- ,

20 Australian Bureau of Statistics, Catalogue number 5368.0 International Trade in Goods and Services 20082009.21 htpp:gtmarket.ru/news/state/2009/09/15/2200022 IMF/UNCTAD/AUTRADE,http://www.austrade gov.au/default.aspx23 http://www. abs.gov.au/Austats/[email protected]/Lookup/8158.0 main features

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27

, . , - - , - , , , - . .

- (case by case study), - . - , - . - , , , - - .

- Foreign Investment Review Board (FIRB) - , - Foreign Acquisitions and Takeover Act (FATA), - . - , , - , , , , -. , 20082009 . 5352 , , -24. 30 , 90 , - .

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24 Foreign Investment Review Board, Annual Report, 2008-09, FIRB_report.pdf-adobe Reader.25 Australian Department of mmigration and Citisenship/http://www/immi/gov/au/facts/25skilled_categories.htm

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28

, . - -.

- .

, - , -, -, , . - , -; - . - -

, -.

, , - . - , - . - , -. -.

, - : , - .

. , 4,2 2013 .

Intesa Sanpaolo 5 , - . , (). . , -, 2011 . 150 , 7,9 % 2010 . - 10 % , .

Banco Popolare 2 , UBI Banca 1 .

, Banca Monte dei Paschi di Siena , 2 .

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29

- , , -, . , , 2010 . -, 15 . - , , -

, . - , . , - 6,5 ., 5 . 1.

- ,

: . , . , , , , . - , - 65- . , , - . , . : ; ; ; ; ; .

The fi nancial stability of insurance companies in the Russian Federation The fi nancial stability of insurance companies in the Russian Federation as a factor in the reliability of the insurance business as a factor in the reliability of the insurance business

Abstract: In economically developed countries eff ectively working mechanism of insurance and insurers' participation in the protection of the population and territories from emergency events. In this important reliability Insurance Institute as a whole and individual companies engaged in insurance business. In the Russian insurance market is changing, which could signifi cantly aff ect the reliability of the insurance business and, therefore, to extend insurance coverage for the population as well as for businesses. This article examines the current level of capitalization of the insurance as a factor in their fi nancial sustainability, critically assessed adopted the Federal Law 65-FZ of the requirements for capital increase and predicted their possible implications for the national insurance market. The author of the proposed diff erentiation of requirements, from his point of view, a more eff ective and less painful for the insurers and the market as a whole. This article is based on materials R & D carried out by order of the Finance of the University of the Russian Government. Key words: insurance, insurer, insurance market, international experience, fi nancial stability, reinsurance.

. .,. . ,

1 . . // . 2010. 10. . 32.

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30

- . . -, - : , . , , . 2.

-. 2009 . 1,3 %, 2010 . 1,4 %, . . , , , , - -3. , - , .

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.

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2 . . // . 2011. 4. . 7.3 . 2010. 41. . 12.4 -, http://business.rg.ru. 31 2011, 18 (800).

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31

2010 . - , - , , 30 . - 120 ., 240 ., 480 .5 - 1 2012 . -, . - , , 2 , - , 3 , . - , 5 .

- , .

2010 . () 4 % 153,8 .6 17,5 % 01.01.2011 . - 248 . - - 49 51 % 7. - , 54,3 .,

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, , :

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:

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2. 2010 . 89 -, 37 - 11.

3. (20042008 .) - 50 %, - - 15 %

5 22.04.2010. 65- " " .6 25. 14.02.2011.7 : , 16.11.2010.8, 9 25. 14.02.2011.10 , 11.11.2010.11 , 14.02.2011.12 , 11.11.2010.

. , %( )

-2011-09-.indd 31 -2011-09-.indd 31 22.08.2011 10:10:5822.08.2011 10:10:58

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32

. 40 %12.

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-, .

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;

. 29,8 ., - ;

, . . - ;

-, - .

, - . - , - . , . - , - , - . - , : - .

- , , - -, , -. - , - . - - , - . , , - 10 % . , , - .

10 % , , - - 10 % . - , , - .

13 -, 08.06.2011.

-2011-09-.indd 32 -2011-09-.indd 32 22.08.2011 10:10:5822.08.2011 10:10:58

9/2011

33

- 2011 . , .

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1. , . - -, . , - . , 120 . , . -, 65- , ,

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2. - , . . () - 25 %, - ( . 6 ).

14 http://opera.ru/orqanization/opora/commission/insurance/10044/

-2011-09-.indd 33 -2011-09-.indd 33 22.08.2011 10:10:5822.08.2011 10:10:58

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34

- , 50 %, - , - - . , .

3. , - 2012 ., . . , - -. - - .

- , , -

- (.).

- - , - . 65- - .

1. -, : . - - , .

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-

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-2011-09-.indd 34 -2011-09-.indd 34 22.08.2011 10:10:5822.08.2011 10:10:58

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35

. , , , .

3. - , :

60 . 01.01.2013. 90 . 01.01.2015. 120 . 01.01.2017.4. ,

, - , . .

, .

, - , - .

Deloitte, . 43 % , , 67 % , 62 % 57 % .

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.

0 10, - , .

44 % , 0 6; 15 % - ( 9 10). , NPS (Net Promoter Score), , -29, + 13 +6 .

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-. . - . .

, 2 .

-2011-09-.indd 35 -2011-09-.indd 35 22.08.2011 10:10:5822.08.2011 10:10:58

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36

- . - - , - , , - , . 836,4 . 1.

- , : , - , . 30 2004 . 1 2005 . - - - .

- , - -

. , - . , , - .

. - - , - .

. - , - , , . - , , -

: , - , - , . . : ; ; ; ; ; .

Financial investments: how to make them eff ective Financial investments: how to make them eff ective

Abstract: This article examines the main areas of the revitalization of the stock market in Russia, some aspects of its legislation and the importance of fi nancial literacy of the population whose investment potential is much higher than the volume of investments of individuals in fi nancial assets. The reasons for this situation, exposed to scrutiny. Key words: fi nancial investments, fi nancial system, global fi nancial markets, legal and legislative frameworks for the stock market, qualifi ed investors, government regulation of fi nancial relations.

: : . ., . . , ,e-mail: [email protected]

1 . // . 2 2010. . 4.

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37

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-2011-09-.indd 37 -2011-09-.indd 37 22.08.2011 10:10:5822.08.2011 10:10:58

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39

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-2011-09-.indd 39 -2011-09-.indd 39 22.08.2011 10:10:5822.08.2011 10:10:58

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40

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41

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43

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44

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47

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48

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52

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-2011-09-.indd 52 -2011-09-.indd 52 22.08.2011 10:10:5922.08.2011 10:10:59

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53

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54

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55

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56

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57

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58

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59

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60

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61

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62

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64

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