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In this article the institutional environment of the banking system of the BRICS countries are analyzed. There is analysis of the key statistical characteristics of the banking sector, the main trends in its development. Also article reveals the characteristics of the external institutional environment. The purpose of our study is to test the following hypothesis: factors of the external institutional environment affect the banking system. The subject of the study is the BRICS countries banking system. The period ...

In the last 5 years the technological advances in the financial services markets brought about significant modifications in the jobs titles and structure. Digitalization and FinTech, Blockchain, General Data Protection Regulations are just a few of the primary causes of significant modifications all through the financial sector. Hence, this article analyzes the modifications concerning the new trends in the training, as competences and skills are becoming more valued than simple knowledge for employers. Talent man...

Insurance means protection against different kinds of risks with financial consequences. In frame of this protection, the insured transfers its risks, the possible negative consequences of which are unbearable to the insurer, i.e. to an insurance company. In order to compensate the insurer for such consequences, the insurance company collects the premium for the transfer of risk, the amount of which depends on the size of conventional damages, having a random character. The balance between premium written and prem...

The cluster approach as an instrument of consolidation of the existing advantages of economic entities is designed to solve several existing problems of the Russian economy. These are equalization of the existing imbalance of regional economic development, giving additional impetus to the development of the innovation sector, etc. The decision of the working group on the development of public-private partnership in the field of innovation at the Government Commission on high technologies and innovations of 22.02.2...

The article presents forecasting methods of economic dynamics developed by the authors. The first model is based on the mechanism of adaptive filtering of timing series. This article demonstrates prediction filters that can be effectively used in moni-toring of economic systems. Their approbation was carried out on the basis of data pro-vided by the local office of the Federal State Statistics Service of the Nizhny Novgorod region. The quantitative information was insufficient to reveal a significant statistical a...

The solution of the problem of comparative evaluation of economic perfor-mance of enterprises and branches of industry under the situation of application of the multi-criteria projections population is discussed in the paper. The projection approach proposes distribution of performance indicators in relevant groups (projections), solving specific optimization problems within the established groups, and search for the final answer. Multiprojectiveness is applicable to economic problems of the analysis of sus-tainab...

In the framework of the neoclassical growth model developed by Barro and Sala-i-Martin, the concept of $\sigma$-convergence is applied to a variety of regional sets of 19 countries of EU, on the level of NUTS1 and NUTS3 regions. The complex analysis was made on a large data base of real GDP per capita (divided by overall CPI) values obtained from the Eurostat for a cross-section of NUTS3 regions, and covering the period 2000–2011. Finally, the first stage non-linear regressions of the logarithmic expression of G...

Population aging phenomenon is recorded not just in highly economically developed countries but it is felt even in the less developed countries. The aging of the population affected the Czech Republic as well. Over the last 20 years there has been quite a dramatic change in the age structure of the population. Population aging brings with it the need for a wide range of changes in the functioning of society in areas that are significantly affected by the age structure of the population. The main areas are the fund...

Authors interpret a category of livability as a combination of social, economic and environmental resources and reserves, ensuring prospects of macroeconomic system sustainable development. Paper provides a number of aggregated indicators, which allow estimating the livability of macroeconomic system. On their basis classifications of analyzed set of objects are constructed, which allows to get qualitative conclusions on comparative livability estimations. Results of comparative estimation of livability of 15 coun...

Nowadays, seeing the prosperity of people growing and the desire of the public to take social responsibility, there are more and more social enterprises developing, whose purpose of activity is not only making profit but, most importantly, dealing with social problems for the public benefit. The purpose of this study is to examine the experience of social enterprises, to detect problems and to work out propositions for the development social enterprises in Latvia. To reach the aim, a survey and analysis was undert...