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Abstract - Impact of Bank Cards Transactions on Banking Fee Income Growth in Russia
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Abstract: The article covers the advent of new sources of income which banks should concentrate on in the light of digitalization and development of new technologies. In spite of dynamic bank cards market development, there are many unresolved issues and challenges in this sphere, which generally relate to the necessity to enhance legal framework regulation; development of effective anti-fraud methods; utilization of innovative technologies and others. The Russian economy and society are in need of highly efficient, safe and economically viable and independent payment system, including such method of payments as bank cards. The conducted analysis revealed that there is a correlation between individual indicators of the bank card market development and the level of a bank's income. The latter depends not only on the revenue flows generated by the growth of interest rates on loans or other conventional types of banking transactions, but on the level of bank cards transactions. It is important to identify correlation between the growth of banks’ fee income from card transaction and the amount of funds raised by commercial banks, the numbers of ATM, the average income per card, the number of operating cards, and per capita income of the population. Keywords: Bank card, bank fee income, regression analysis, transaction. |
Abstract - The Influence of the Credit Policy of Commercial Banks on the Modernization of the Russian Economy Structure
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Abstract: The model for the development of the Russian economy is based on the need for its structural adjustment. A big role in this process is played by commercial banks, whose credit policy is not yet aimed at actively supporting of investment processes in the economy. Keywords: Investment, bank lending, government support instruments, mortgage. |
Abstract - Kinematical Model of Currency Dynamics
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Abstract: The work is devoted to the actual topic of forecasting of sharp changes in exchange rates. The paper uses the analytical approximation of data on the dynamics of the USD and EUR currency pair, based on the physical model. The paper shows signs of an approaching sharp change in the exchange rate of a currency pair. Keywords: Currency market, euro-dollar currency pair, physical analogies. |
Abstract - The Estimation of Losses of the Russian Economy from Population Migration to Developed Countries in 2000–2017
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Abstract: The problem of emigration of Russian citizens to other countries remained quite acute during 2000-2017. This poses a threat to national security, as there are many economically active young people with a high level of education among the emigrants. Therefore, it is required a comprehensive study of these processes and the creation of conditions for the preservation of human capital in Russia. The authors developed a methodology for assessing the losses of the Russian economy in value terms as a result of emigration of citizens abroad. It is based on the determination of the “cost” of human life and the individualization of this indicator in accordance with the level of economic development of the host country and with the subjective factors of the emigrant, as well as in specifying the number of citizens who left the Russian Federation in accordance with the official data of foreign migration services. As a result of the calculations, it was determined that the losses of the Russian economy from this phenomenon for the period 2000-2017 amounted to more than 545.85 billion USD. Such a situation is unacceptable in the conditions of the country’s unfolding competition with other states for the positions of leaders in the new industrial revolution. It is necessary to carry out systematic work to reduce the scale of outgoing flows of international labour migration from Russia. Keywords: Migration, human capital, international labour movement, brain drain, migration policy. |
Abstract - Inflation and Consumer Basket
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Abstract: Formation of consumer basket is investigated by means of probability theory. Inflation on the consumer market can be managed by reducing its rate and lowering inflation-related risks. The approach is based on the treating the inflation risks of particular ingredients of the consumer goods basket as component of the whole complex rather than separate units. The proposed management strategy is focused on the degree of correlation between the rates of price increase of the items in the basket. Portfolio theories of Markowitz and Tobin are used. Keywords: Consumer market, inflation risk, correlation of price increase, expectation, covariance matrix. |