Identifying, measuring and management risks in Russian secondary stock markets

: This paper outlines the changes and challenges of Emerging Russian Stock Market and investment strategy of portfolio management for the period 1996-1998 . It also taste the West models of optimization of portfolio risks and investment decisions for Russia. The major purpose of this article was to enhance the understanding of the participants in securities markets and enhance the performance of its stock and Emerging securities. This article will review the trends in the markets and help focus on the corporate risks and management and a detailed and developed conception of the mechanism of the initial public offerings and public placement of securities the global stock markets such as the U.S., Western Europe and emerging markets. It also outlined the regulatory structure and investor?s risk management tools required by western investors. In light of the recent ?financial crisis? in Russia and other major markets such as Asia, these tools will be increasing important. During much of the past decade the Russian Securities market has been developing into a number of areas including federal securities (GKO-OFZ), sub-federal (oblast) and municipal issues, corporate securities, Ag Bonds, futures, forward contracts and currency instruments. This article is developing in all those areasm .These will be increasing important in light of the new banking environment and securities laws and regulations. In 1997 Russia has joined the league of the few emerging markets that have market capitalizations of over $100 Billion. As of June 30, 1997 the capitalization is$104 Billion and has a YTD of 134 %. The recent ?Asian induced? corrections in the markets have reduced this by 20-40% according to private estimates. Nevertheless, it remains one of the most vibrant emerging securities markets in the world. The training focused on a number of issues related to emerging market securities including privatization, auctions, IPO?s and new products in the securities markets.

The impact of oil price dynamics on the macroeconomic indicators of the Russian economy

The paper assesses the dependence of basic macroeconomic indicators of the Russian economy on the oil price dynamics on the world market. Hypotheses about the sensitivity of macroeconomic indicators of the Russian economy to oil price fluctuations are formulated, and a simultaneous equations system is specified and estimated in order to test these hypotheses. The scenarios of reaction of the Russian economy to exogenous shocks related to sharp oil price cuts are investigated, and policy recommendations aimed to minimize the negative impact of these shocks are formulatedOil price dynamics; macroeconomic indicators of the Russian economy; simultaneous equations systems

Международный опыт судебной защиты земельных прав и урегулирования споров: перспективы развития экологических и земельных судов в России

The article examines international experience in the field of judicial protection of land rights and settlement of land disputes. The author analyzes the legal structure of a series of countries of the world and the practice of the specialized judicial agencies. The positive experience of the work of land courts, achieved by different States, is summarized. The analysis of the jurisdiction of land and environmental courts of Australia, Scotland, Sweden, the USA, the Dominican Republic is conducted. On the basis of the conducted research the author gives reasons for a set of proposals concerning the organization of work of the specialized land courts in the Russian Federation. El artículo examina la experiencia internacional en el campo de la protección judicial de los derechos sobre la tierra y la solución de controversias sobre la tierra. El autor analiza la estructura legal de una serie de países del mundo y la práctica de los organismos judiciales especializados. Se resume la experiencia positiva del trabajo de los tribunales de tierras, lograda por diferentes Estados. Se lleva a cabo el análisis de la jurisdicción de los tribunales de tierras y medioambientales de Australia, Escocia, Suecia, Estados Unidos y República Dominicana. Sobre la base de la investigación realizada, el autor da razones para un conjunto de propuestas relativas a la organización del trabajo de los tribunales de tierras especializados en la Federación de Rusia.В статье исследуется международный опыт в сфере судебной защиты земельных прав и разрешения земельных споров. Анализируется структура законодательства ряда стран мира и практика специализированных судебных органов. Обобщается положительный опыт работы земельных судов, достигнутый различными государствами. Производится анализ практики земельных и экологических судов Австралии, Шотландии, Швеции, США, Доминиканской Республики. На основе проведенного исследования автором производится аргументация ряда предложений относительно организации работы специализированных земельных судов в Российской Федерации&nbsp

Identifying, measuring and management risks in Russian secondary stock markets

: This paper outlines the changes and challenges of Emerging Russian Stock Market and investment strategy of portfolio management for the period 1996-1998 . It also taste the West models of optimization of portfolio risks and investment decisions for Russia. The major purpose of this article was to enhance the understanding of the participants in securities markets and enhance the performance of its stock and Emerging securities. This article will review the trends in the markets and help focus on the corporate risks and management and a detailed and developed conception of the mechanism of the initial public offerings and public placement of securities the global stock markets such as the U.S., Western Europe and emerging markets. It also outlined the regulatory structure and investor?s risk management tools required by western investors. In light of the recent ?financial crisis? in Russia and other major markets such as Asia, these tools will be increasing important. During much of the past decade the Russian Securities market has been developing into a number of areas including federal securities (GKO-OFZ), sub-federal (oblast) and municipal issues, corporate securities, Ag Bonds, futures, forward contracts and currency instruments. This article is developing in all those areasm .These will be increasing important in light of the new banking environment and securities laws and regulations. In 1997 Russia has joined the league of the few emerging markets that have market capitalizations of over $100 Billion. As of June 30, 1997 the capitalization is$104 Billion and has a YTD of 134 %. The recent ?Asian induced? corrections in the markets have reduced this by 20-40% according to private estimates. Nevertheless, it remains one of the most vibrant emerging securities markets in the world. The training focused on a number of issues related to emerging market securities including privatization, auctions, IPO?s and new products in the securities markets

Evolutionary and genetic algorithms for design of metadevices working on electric dipole resonance

All-dielectric nanophotonics is a rapidly growing field of modern science. Metasurfaces and other planar devices based on all-dielectric nanoparticles lead to manage the light propagation at the nanoscale. Impressive effects such as perfect absorption, invisibility, chirality effects, negative refraction, light focusing in the area with size smaller than wavelength, nano-lasing etc - can be achieved with all-dielectric technologies. While it is needed to use more and more complicated designs for solution of modern nanophotonics' currents tasks, non-classical methods of optimization become relevant. For example, to design reconfigurable metalenses with an additional degree of freedom such as polarizability or temperature dependence, evolutionary or genetic algorithms show their high applicability. In this work, we show a new approach to design metalenses with evolutionary and genetic algorithms. © 2020 IOP Publishing Ltd

A STUDY OF EXTREMISM AS A COMPLEX INTER-BRANCH CONCEPT

Purpose: The aim of the study is to investigate extremism as a complex inter-branch concept which complicates law enforcement practice. Methodology: This is an analytic-dialectical research whose data are obtained through the analysis of historical, legal and sociological texts and data. Main Findings: When defining extremism in the basic law of anti-extremist legislation, it is necessary to proceed from the fact that the phenomenon, the concept of which should be formulated, is manifested in different spheres of social and political life. In conclusion, extremism creates an ideological basis for terrorism, but the acts of terrorism go beyond the concept of extremism. Applications: This article can be used by regional schools, cultural organizations and universities. Novelty/Originality: In this study, correlation between the phenomena of terrorism and extremism has been studied on the basis of definition for terrorist act given in part 1 of article 205 of the criminal code of the Russian Federation