Sign in
Executive Editor of Econs.online
The slowdown in the Russian economy has provoked concerns about an immediate threat of a succession of defaults and a coming banking crisis. Participants in the Financial Congress discussed whether these gloomy expectations were justified.
To double the Russian stock market's capitalization, it’s necessary to increase the volume of public offerings multi-fold. Participants at the Financial Congress discussed whether this is realistic and what should be done to attract that many issuers and investors to the market.
One in five of Russian professionals with higher education and permanent employment are impoverished or low-income. According to the HSE, poverty among professionals, which seemed to be a thing of the past, is now returning, and the crisis may exacerbate it.
Many researchers believe that the costs of hosting the Olympics are not recouped, and this is one of the reasons behind growing scepticism towards the Games. However, the Olympics often provided a stimulus to economies: it is all about how to take advantage of the Olympic legacy.
Capitalism is not driven by the selfishness and greed of the homo economicus but by decentralized decision-making that allows for experimenting and learning from one another, and the future lies with unity of purpose and mutual support, argues Paul Collier, professor at Oxford.
