In 2020 Russia will see the birth of investment platforms, which are financial organizations of a new type. Through them, individuals and companies can secure loans directly from investors. However, in the majority of countries they are not subject to financial regulation.
Can private cryptocurrencies affect monetary policy, will the digital renminbi challenge US dollar, will populism make central banks lose their independence: Kenneth Rogoff answers Ruben Enikolopov's questions.
Crowdfunding platforms have proven a promising alternative to banks. However, so far, they still seem more of an experiment whose success depends on their ability to manage existing confidence risks.
Why technological advance isn't seen in statistics, how time has become the most precious good and what is the new role of the state: Alexey Zabotkin in conversation with Ruben Enikolopov.
Analysis of recent social changes in Russia shows that Russians are actively moving between income groups. However, it suggests a precariousness of even modest prosperity, rather than real accessibility of top income groups.
Bad debts can be both a consequence of the borrower’s reduced financial circumstances and an instrument of unfair banking. Each of these problems has its regulatory solution but the key principle should be market responsibility of the owners and managers.
A sound banking system, a moderate bad debt level, prompt recognition of the problem which bad debts pose and dealing with them effectively, are essential preconditions of not only financial stability and depositor protection but also of economic growth.
Dialogue Chain. Episode 12. Alexey Zabotkin, Director of the Monetary Policy Department of the Bank of Russia, and Gabriel Di Bella, Ex-Resident Representative in Russia, IMF.
Due to the small size and volatility of the Russian money market, Russian entities choose two extremes as benchmarks for their interest rates – the key interest rate and the MosPrime rate, at which banks themselves do not lend to one another.
Dialogue Chain. Episode 11. Gabriel Di Bella, Ex-Resident Representative in Russia, IMF, and Stephen Cecchetti, Professor of International Economics, Brandeis International Business School
Dialogue Chain. Episode 10. Stephen Cecchetti, Professor of International Economics, Brandeis International Business School, and Ksenia Yudaeva, First Deputy Governor, Bank of Russia