SEARCH
 

Search

 

Результаты поиска 1 - 9 из 9
Начало | Пред. | 1 | След. | Конец


"Goodwill of a credit organization" category's content and assessment

Ivanov A.P. Moscow State University of Railway Engineering, Moscow, Russian Federation ( ark@e-diva.ru )

Mikhalev A.S. JSC URALSIB, Moscow, Russian Federation ( alexmikhalev87@gmail.com )

Journal: Finance and credit, #33, 2014

The article deals with the concept of goodwill of a bank, discloses its content in terms of various economic schools and career-oriented user groups, describes the main approaches to the goodwill assessment, and provides the comparative characteristic and the main fields of application of the approaches.


"New Great Game" in Central Asia: Mongolia factor

Mikhalev A.V. PhD in Historical Sciences, Associate Professor of department "Public Administration", the Buryat State University ( mihalew80@mail.ru )

Journal: National interests: priorities and security, #2, 2013

In the article the problem of modern geopolitical processes in Internal and Central Asia is considered. After disintegration of the Soviet Union by the main concept for the analysis of a military-political and economic situation in the Caucasus and in Central Asia there was "A new Big game". Today the USA, Russia and China fight for the right to supervise mineral and energy resources of the region, and important role in this struggle is Mongolia.


Innovative activity and economic stability in development of regional economic systems

Mikhalev O.V. chief of branch of the economic analysis and monitoring of enterprises of economic department Omsk regional administrative board of Bank of Russia, professor of chair of economy and management in education, Omsk state pedagogical university ( mihalev22@mail.ru )

Journal: Regional Economics: Theory and Pactice, #27, 2011

Indicators of innovative activity of economic system are considered and the technique of their estimation on the basis of results of monitoring of the enterprises spent by Bank of Russia is offered. It is researched innovativeness of economic systems of the Russian regions in interrelation with their economic stability. The regions, potentially capable to raise innovative activity of the Russian economy as a whole are allocated.


Regional features of formation of economic stability of economic systems

Mikhalev O.V. chief of branch of the economic analysis and monitoring of enterprises of economic department Omsk regional administrative board of Bank of Russia, professor of chair of economy and management in education, Omsk state pedagogical university ( mihalev22@mail.ru )

Journal: Regional Economics: Theory and Pactice, #6, 2011

Economic stability of economic system of region as the major condition of its sustainable development is considered. The original technique of its estimation on the basis of results of monitoring of enterprises spent by Bank of Russia is offered. Economic stability of economic systems of separate central and Ural-Siberian regions is analysed, and conclusions about its individual character out of direct dependence on spatially-business factor development of territory are received.


Estimating the real rate of return on household deposits

Ivanov A.P. Russian Open Academy of Transport of Moscow State University of Railway Engineering, Moscow, Russian Federation ( ark@e-diva.ru )

Mikhalev A.S. PAO Uralsib, Moscow, Russian Federation ( alexmikhalev87@gmail.com )

Journal: Economic Analysis: Theory and Practice, #11, 2016

Importance The article investigates real rate of return on household deposits.
Objectives The aim is to consider the problems related to transformation of personal savings into investment for manufacturers.
Methods To present an algorithm for estimating the real rate of return, deposits were divided into two groups: in foreign and national currencies. For ruble-denominated deposits, the numerical algorithm of profitability was determined by the weighted average interest rate of the bank, adjusted for inflation. A similar algorithm was used to calculate the real rate of return on deposits denominated in foreign currency.
Results The study shows that under stable economy the real rate of return on bank deposits is above zero. However, during the crisis, the real rate of return is below zero except for certain peak cases of liquidity shortage causing a sharp increase in deposit interest rates.
Conclusions and Relevance The study presents factors that prevent real rate of return from permanent staying in the positive zone. Nevertheless, a bank deposit as a savings tool continues being a profitable product under stable national economy. It is worthwhile to say that there is no adequate development of alternative savings institutions in our country. On the one hand, this fact increases the importance of bank deposits for the population, on the other hand, it bears additional risk for the banking system.


Assessing the influence of the dynamics of loans to individuals on bank performance indicators

Ivanov A.P. Russian Open Transport Academy of Moscow State University of Railway Engineering, Moscow, Russian Federation ( ark@e-diva.ru )

Mikhalev A.S. PAO URALSIB, Moscow, Russian Federation ( alexmikhalev87@gmail.com )

Journal: Economic Analysis: Theory and Practice, #40, 2015

Subject The article addresses the operating efficiency of credit institutions.
     Objectives The study aims to consider the effect of credit policy focused on loans to individuals on bank performance indicators.
     Methods To perform the analysis, we selected 50 credit institutions with the highest figure of total assets as of the end of 2013, and distinguished a group of retail banks (focusing their credit policy on loans to individuals) and a group of universal banks (having a relatively balanced proportion of loans to legal entities and individuals). We defined a set of indicators characterizing the bank operating efficiency, and compared the indicators calculated for these two groups to assess the influence of the dynamics of loans to individuals on bank performance indicators.
     Results The findings show that the total loan portfolio yield (inclusive of loan loss provision) of universal banks is lower than that retail banks. Universal banks demonstrated better ratios of operating expense to loan portfolio, and the sum of operating and interest expenses to loan portfolio. We selected the return on equity and return on assets as resulting indicators of performance.
     Conclusions The retail model of banking business proves to be more efficient in terms of credit institution's profit maximization. However, this study does not cover the issue of the stability of the retail banking model, which requires special consideration.


Analyzing the impact of terrorist attacks on stock index dynamics

Volodin S.N. National Research University Higher School of Economics, Moscow, Russian Federation ( svolodin@hse.ru )

Mikhalev A.G. National Research University Higher School of Economics, Moscow, Russian Federation ( agmikhalev@edu.hse.ru )

Journal: Finance and credit, #10, 2017

Subject The article considers the features of terrorist attacks, which have an impact on stock indices. It analyzes 117 terrorist attacks committed in different countries for 1988–2016.
Objectives The aim is to assess the impact of terrorist attacks on stock index dynamics. It will enable market agents make better decisions and avoid excessive losses, reduce negative reaction of the market in general, and help the national financial system minimize adverse consequences of terrorist attacks.
Methods We employ historical-logical, graphical, statistical methods and a comparative analysis to describe the impact of different features of terrorist attacks on the dynamics of stock indices. We also systematize analytical information in this sphere of knowledge.
Results The findings show that the impact of terrorist attacks on stock index dynamics depends on various factors, namely, number of victims, level of country's economic development, day of terrorist attack, etc. We found out that the market trend before a terrorist attack has a significant influence on stock index movement after the attack. The impact of terrorist attacks on different industries is different.
Conclusions In many cases, terrorist attacks seriously affect the dynamics of stock indices. However, the influence is often insignificant and impermanent. Therefore, investors should refrain from ill-judged financial decision to avoid losses. The findings may be useful for investors, market-makers and other market participants.


Analyzing the Impact of Terrorist Attacks on Stock Index Dynamics

Volodin S.N. National Research University Higher School of Economics, Moscow, Russian Federation ( svolodin@hse.ru )

Mikhalev A.G. National Research University Higher School of Economics, Moscow, Russian Federation ( agmikhalev@edu.hse.ru )

Journal: Digest Finance, #2, 2017

Importance The article considers the features of terrorist attacks, which have an impact on stock indices. It analyzes 117 terrorist attacks committed in different countries within 1988–2016.
Objectives The research assesses how terrorist attacks influence stock index trends. It will enable market agents make better decisions and avoid excessive losses, reduce negative reaction of the market in general, and help the national financial system minimize the adverse consequences of terrorist attacks.
Methods We employ historical-logical, graphical, statistical methods and a comparative analysis to describe an impact of different aspects of terrorist attacks on the dynamics of stock indices. We also systematize analytical information in this area.
Results The findings show that the impact of terrorist attacks on stock index dynamics depends on various factors, i.e. the number of victims, level of country’s economic development, day of terrorist attack, etc. We found out that the market trend before a terrorist attack had a significant influence on stock index movement after the attack. Terrorist attacks influence industries in a different way.
Conclusions and Relevance Terrorist attacks mostly have a dramatic impact on the dynamics of stock indices. However, the influence is often insignificant and impermanent. Therefore, investors should refrain from ill-judged financial decisions to avoid losses. The findings may be useful for investors, market makers and other market participants.


The impact of the policy of lending to individuals on bank's stability

Ivanov A.P. Russian Open Transport Academy of Moscow State University of Railway Engineering, Moscow, Russian Federation ( ark@e-diva.ru )

Mikhalev A.S. OAO URALSIB, Moscow, Russian Federation ( alexmikhalev87@gmail.com )

Journal: Financial Analytics: Science and Experience, #39, 2015

Importance The problem of stability of credit institutions being a center of financial flows is particularly relevant for countries with developing economies.
     Objectives The paper aims to study the relation of the credit policy focused on loans to individuals and the bank's stability.
     Methods The study rests on analysis, synthesis, comparison and generalization methods.
     Results We consider various approaches to the definition of banking stability. There is a need to assess the category together with the credit organization's balance sheet. We define a set of indicators characterizing the bank's balance sheet, and analyze changes in selected ratios when implementing the credit policy focused on lending to individuals. Banks, using a retail lending model, have a bigger share of past due loans, less share of loan portfolio reserve, and less liquidity in the balance sheet. They considerably use retail deposits, but alternative sources of funding, like corporate deposits, issued securities, interbank loans are underutilized. At the same time, retail credit institutions have longer-maturity liabilities due to higher yield; the latter neutralizes the lower ratio of liquid assets to total assets.
     Conclusions If external factors are positive (no stress situations in the economy, growing demand for banking products), the retail lending model is more profitable. However, qualitative and structural characteristics of balance sheet are indicative of the lower degree of financial stability as compared to credit institutions with a more balanced portfolio in terms of the customer segment.


Результаты поиска 1 - 9 из 9
Начало | Пред. | 1 | След. | Конец


Отсортировано по релевантности | Сортировать по дате