DOI: 10.7256/2454-0765.2018.3.21156

Abstract: The subject of the research is the economic tools of anti-crisis regulation, competitive ability of production state facilitise, financial investment sphere, and innovations as well as the cause-and-effect of internal and external factors that cause the crisis. Conceptual logic of the economic research explains cyclical changes under the marco-economic conditions. Based on the macroeconomy theory, the economic system may evolve. Morever, economic processes of technological and industrial development move by fits and starts. This is what creates the decline in the sector and economic in general. This results in the business decline and reduction of social and economic indicators. The methodological basis of the research is the analysis of theoretical and practical data on state anti-crisis regulation of economic processes. The novelty of the research is caused by the fact that the researcher analyzes measures aimed at efficient regulation. Rybchinsky analyzes the main economic tools of state anti-crisis regulation that help smooth crisis phenomena and eliminate their consequences. For example, transformation of the regional economic structure and increase of innovative and technological capacity and national productive capacity. 

Keywords: economics, anti-crisis measures, state, regulation, Russian Federation, tools, finances, government authorities, crisis, money

DOI: 10.7256/2454-0765.2019.1.39503

EDN: LLDKJJ

Abstract: The object of the study is the economy, the main share of GDP of which is one sector. The subject of the study is the possibility of implementing the idea of an economy focused on one sector in any state. The author cites Luxembourg's economic growth after focusing on the financial sector in the 1980s as a successful example of the implementation of the idea of an economy focused on one sector. The author asks the question - is an example of the implementation of the idea of an economy whose main share of GDP is one sector in the Russian Federation applicable? As an interim conclusion, the author proves that the implementation of this model is impossible in the Russian Federation at the federal level. The author defines as a research problem the definition of an appropriate territorial entity within the Russian Federation in which it is possible to build an appropriate model of the economy. The main conclusion of the conducted scientific research is the existence of a connection between the possibility of creating an economy with one sector forming the majority of GDP and geographical, demographic factors, the availability of minerals, appropriate infrastructure, international relations with the countries-the largest buyers. The result of this study is to identify recommendations for a possible solution to the problem of adapting an economy model focused on one sector on the territory of the Russian Federation. On the territory of the Russian Federation, the creation of an economy with a small number of sectors forming a large part of GDP is impossible at the state level, and the most practical option is to create an appropriate economic model at the level of cities closest to potential trading partners. The possibilities of creating an economy model with a small number of sectors in the cities of the Khabarovsk Territory, Smolensk and Tyumen regions were highlighted as possible options.

Keywords: Raw materials economy, International relations, Sanctions, Countries of the European Union, Restrictions on economy development, Geographic factors, Economic regulation, Luxembourg economics, Financial sector of economy, Economic factors

DOI: 10.7256/2454-0765.2018.4.30490

Abstract: The subject of the research is the peculiarities of participation of government in business risk insurance caused by public interests. In some cases, this refers to a special category of insurers, which is proved by national expert credit agents (ESKAR, Sace (Italy), Coface (France), CESCE (Spain) and etc., in other cases this refers to support through subsidies. Both variants are widely practiced by economically developed countries. The methodological basis of the research includes a set of general research methods (dialectical method, analysis and synthesis) and special rsearch methods (formal law method). Participation of the government in business risk insurance is a common practice in cases when such risks are not viewed as commercial, thus left uncovered by usual insurance programs or insurance expenses are not allowable for entrepreneurs but they still need insurance due to potential threats and risks. In such cases, the government, in fact, ensures economic stability and encourages entrepreneurs to perform particular activities. 

Keywords: export credit insurance, political risks, agricultural risks, export credit, subsidy, business risk, state support, insurance, business protection, public interest

DOI: 10.7256/2454-0765.2018.2.24155

Abstract: The process of formation of the existing system of counteraction to legalization of proceeds from crime, which is based on the principles of interaction between financial, administrative institutions and law enforcement bodies, is considered in the work. Unlike the United States and Great Britain, the Ministry of Economy and Finance is responsible for developing policies to counteract money laundering in Italy.The authors of the paper analyze the activities of the national financial intelligence unit of Italy - L'Unità di informazione finanziaria per l'Italia (UIF), established in accordance with Legislative Decree 231/2007 as an independent body within the structure of the Bank of Italy, as well as the National Commission for Companies and The stock exchange and the Institute for Insurance Supervision. Based on the data received, the authors draw attention to the fact that Italy has a well thought-out regime for countering the legalization of proceeds from crime through a well-developed legal framework. During the research, the authors have used historical, logical, statistical, systemic and prognostic methods of investigation. The main conclusion of the research is that the distinctive feature of the Italian system is the close interaction of the national financial intelligence unit with the Bank of Italy, formally independent but essentially structural subdivision thereof. Involvement of other state authorities also contribute to increasing efficiency of combating money laundering. 

Keywords: predicate offenses, Istituto per la Vigilanza sulle Assicurazioni, National Commission for Companies and the Stock Exchange, The Financial Information Unit for Italy, Ufficio Italiano dei Cambi, income legalization, Financial Guards, Bureau for Combating Mafia, suspicious transactions, legal culture

DOI: 10.7256/2454-0765.2017.1.20732

Abstract: The subject of the research is a set of measures and mechanisms that influence the efficiency of cluster projects. The object of the research is the interregional and interindustry entities in the Russian Federation and Belarus Republic as a single Union State. The authors of the article have analyzed the main indicators of their international cooperation as well as programs being implemented. They have covered not only prevailing programs proved and financed by the Union State but also initiation projects that arise as a result of cooperation between enterprises of different ownership forms in the territories of Russia and Belarus. The authors describe not only projects related to cooperation of neighboring territories but also remote districts. The research methodology involves the theory of cluster management, in particular, the part of the theory devoted to projecting distance entities, institutional monitoring of the general development of business infrastructure and comparative method to analyze participation of the state in the functioning of modern clusters. In their research the authors have demonstrated that innovative ability and technological availability are an essential element of the national economy's competitive ability taking into account the conditions of institutional changes. In the future the role of innovations in the process of developing the country's competitive ability will only continue to grow providing that the structure of the global industry will change towards high technology sectors. The drastic growth of nanotechnology and gene engineering will create new types of industry. However, a great number of problems related to the institutional basis of forming and developing competitive ability of innovation sectors of the Union State is still unsolved or understudied and thus require better research. For example, such spacial-time structures as innovation hubs still remain an understudied topic in the academic literature. The scientific novelty of the research is caused by the authors statement that it is impossible to develop and implement innovation clusters only through developing and politically implementing the Union State's development proejcts. Thus, the authors offer their own directions of implementing the provisions of the medium- and long-term cluster development and introduce the term 'innovation hub' as an aggregator of innovation projects. 

Keywords: cooperation, sector, efficiency, analysis, innovations, Union State, project, cluster, structure, balance

DOI: 10.7256/2454-0765.2018.2.27704

Abstract: The object of the research is the relations that may arise in the process of cybersecurity provision. Based on the example of Singapore, the center of financial and economic life of the Southeast Asia, Goryan defines the role of the financial regulatory authority, Monetary Authority of Singapore (MAS), in the provision of cybersecurity of the financial and banking sectors. The author describes peculiarities of the legal status of MAS that determine the coordination role in the institutional mechanism of cybersecurity provision. He also studies the key documents of MAS as the grounds for the legal mechanism of cybersecurity provision in Singapore. In order to receive the most valid results, the author has applied a set of general research methods (structured systems approach, formal law method and hermeneutical method) and special research methods (comparative law and formal law methods). The monetary and financial management of Singapore covers such aspects of security as confidentiality and privacy of information by issuing special acts and mandatory regulations for financial institutions. There is a draft law on cyber hygiene that would be mandatory for all financial institutions and define mandatory safety requirements for financial services. Non-observance of these regulations would result in revocation of a license. Organisational and legal mechanisms are actively used, too, such as the Agency of Cybersecurity of Singapore, research institutions and heads of cybersecurity departments at major financial enterprises and banks of the world. All this defines the key role of the financial regulatory authority in the provision of information security of the financial and banking sectors. 

Keywords: information system operator, ASEAN, Singapore, legal status, legal mechanism, financial institution, cybersecurity, financial regulatory authority, information and telecommunication network, critical information infrastructure

DOI: 10.7256/2454-0765.2017.1.22341

Abstract: The subject of the research is a combination of Russian laws regulating social relations arising in the process of commercial confidentiality protection. The author of the article examines such aspects of the topics as the need to legally fix purposes of limiting access to information that can be considered confidential as well as improving the system of indicating features and subjects and detailed regulation of measures aimed at keeping confidential information. Special attention is paid to the issues related to protecting innovation activity under conditions when not all economically valuable innovation can be patented. The methodological basis of the research is the formal logical, historical law and comparative law methods as well as other research methods that complete them. Based on the research, the author makes a conclusion that the purposes of the confidential regime are not defined by the efficient legislation, neither they are defined at the state level. The holder of commercial information and employee who makes a valuable contribution to the development of innnovation activity are not defined either. The author states that besides criteria of commercial confidential information, foreign legislations also provide additional requirements for information and contents of commercial confidentiality. The author focuses on the framework nature of the national legislation on commercial confidentiality and emphasizes the need to better develop measures aimed at preventing the disclosure of commercially important information. 

Keywords: trade secret, confidential, secret, information of limited access, legislation, legal information regime, information law, production secret, know-how, comparative analysis

DOI: 10.7256/2454-0765.2017.3.18884

Abstract: The article is devoted to the analysis of free economic zones (FEZs) and their types including those that are located in the territory of the Republic of Crimea. The object of the research is a set of legal relations arising in the process of implementing and operating a special administrative legal regime in the territory of the Republic of Crimea. The subject of the research is a set of legal acts regulating the mechanism of introducing and implementing a special administrative legal regime of investment and enterpreneurial activity in the Republic of Crimea. The authors have used different methodological approaches in the course of achieving research objectives including systems approach to analyze the current system of legal regulation in FEZs and evolutionary approach allowing to define internal development patterns of the special administrative legal regime in the territory of FEZs. The novelty of the research is caused by the fact that the authors provide results of the theoretical summary which allows to prove the profitability of special administrative legal regimes of foreign trade activity in Russia aimed at creation of 'growth points' in certain parts of the country as well as to develop legal instruments to increase their efficiency as an important elementn of the mechanism of state regulation of the economic sphere. The outcome of the research is the authors' recommendations on improving legislation that regulates activity of FEZs in the Republic of Crimea for the purpose of developing the administrative mechanism of full integration of these regions into the economic system of Russia. 

Keywords: foreign trade turnover, investment fund sources, free port, special legal regime, efficiency, tax rebates, investment activity, investments, development concept, free economic zone

DOI: 10.7256/2454-0765.2016.2.18274

Abstract: The subject of the research is innovations as a structural element of the mechanism of monetary and credit regulation in economy. The object of the research is the monetary and credit regulation in economy. The hypothesis of the present research is that innovation activity is a structural element of the mechanism of monetary and credit regulation in economy based on the creation of the intellectual rent in the process of innovation. This creates the innovation monetary multiplier which is part of the mechanism of monetary and credit regulation under the conditions of the global crisis and causes deflation in the countries with the developed innovation activity and, at the same time, rise in inflation in the countries with the low level of innovation activity. The purpose of the present article was to study innovation activity as a structural element of monetary and credit regulatino under the conditions of the global financial crisis. In order to achieve the goal, the authors have solved the following research tasks: - they have analyzed the essence of monetary system and causes of inflation; - innovations as the source of the intellectual rent in economy; - essence and nature of functioning of innovations as part of the mechanism of monetary and credit regulation in economy under the conditions of the global financial crisis. The methods used in the present ersearch include logical and historical analysis, systems and anti-crisis analysis, synthesis, comparative analysis, inflation and deflation risk analysis. The scientific novelty of the research is caused by the fact that the author justifies the presence of the monetary innovation multiplier related to the intellectual rent. This innovation multiplier opposes the banking multiplier in economy which decreases the risk of the inflationary development, therefore innovations can be an element of the structural anti-inflationary policy. The authors analyze peculiarities of the influence of innovations on the process of credit and monetary regulatino under the conditions of the global financial crisis. 

Keywords: multiple, result, competence, innovations, inflation, rent, regulation, credit, money, bank

DOI: 10.7256/2454-0765.2016.2.67895

Abstract: The subject of the research is innovations as a structural element of the mechanism of monetary and credit regulation in economy. The object of the research is the monetary and credit regulation in economy. The hypothesis of the present research is that innovation activity is a structural element of the mechanism of monetary and credit regulation in economy based on the creation of the intellectual rent in the process of innovation. This creates the innovation monetary multiplier which is part of the mechanism of monetary and credit regulation under the conditions of the global crisis and causes deflation in the countries with the developed innovation activity and, at the same time, rise in inflation in the countries with the low level of innovation activity. The purpose of the present article was to study innovation activity as a structural element of monetary and credit regulatino under the conditions of the global financial crisis. In order to achieve the goal, the authors have solved the following research tasks: - they have analyzed the essence of monetary system and causes of inflation; - innovations as the source of the intellectual rent in economy; - essence and nature of functioning of innovations as part of the mechanism of monetary and credit regulation in economy under the conditions of the global financial crisis. The methods used in the present ersearch include logical and historical analysis, systems and anti-crisis analysis, synthesis, comparative analysis, inflation and deflation risk analysis. The scientific novelty of the research is caused by the fact that the author justifies the presence of the monetary innovation multiplier related to the intellectual rent. This innovation multiplier opposes the banking multiplier in economy which decreases the risk of the inflationary development, therefore innovations can be an element of the structural anti-inflationary policy. The authors analyze peculiarities of the influence of innovations on the process of credit and monetary regulatino under the conditions of the global financial crisis. 

Keywords: multiple, result, competence, innovations, inflation, rent, regulation, credit, money, bank

DOI: 10.7256/2454-0765.2016.4.18542

Abstract: Investment activity creates a basis for the development of all kinds of business. In order to carry out such activity, it is very important to satisfy the need for investment resources, methods of developing such resourches and methods of their efficient use in the future. Thus, peculiarities of the structure of investment sources and analysis of formation and use of investment resources in the Russian Federation is an important task because the overall level of the country's economy, economic security and institutionalization depend on how efficiently these resources are formed and used. The subject of the research is the structure of investment sources into the basic capital of Russia. The purpose of the present article is to analyze the process of developing investment resources in the Russian Federation as well as to define peculiarities of the structure of investment sources. The authors of the article apply the method of analysis when defining the main sources of attracting investments into the basic capital of the Russian Federation and evaluating the gross accumulation. They also use the graphic method to build the structure of investment sources into the basic capital of the Russian Federation and to describe the dynamics of Russia's gross domestic savings and gross accumulation. The main results of the research are the following. The authors have defined the main causes of low investment activity of Russian enterprises; have analyzed the main sources of attracting investments into the basic capital of the Russian Federation; have described certain economic activities that promote the best investments into the basic capital of the Russian Federation; and have given recommendations for solving the problem of attracting more investments in the country's economy. The scope of application of the results and the novelty of the research are as follows. The authors have discovered the relationship between the structure of investment resources and their influence on the financial stability and economic security of enterprises in the decision making process at the marcolevel (state regulation of the Russian Federation insvetment policy). Conclusions are the following. Investment resources should be taken from the most appropriate sources of a particular enterprise and used rationally. For this purpose it is necessary to apply measured aimed at improving the system of control over receipts and expenditures of the country's budget. The results of analyzing the past 5years demonstrate that Russian enterprises have been mostly using their own sources for their investment activity. However, taking into account the fact that such sources are usually insufficient for funding investment activity, the industrial potential of Russia is rapidly aging and Russia's economy has high needs for investments. Therefore, it is necessary to provide the best comfortable conditions for restructuring the industrial process when obtaining tax investment credit or tax holidays. The statement that investment resources are not used rationally or efficiently enough is proved by the fact that a consderable part of domestic savings are not used for internal investments but taken abroad. In order to change this tendency, it is necessary to simplify the order, procedure and resude the number of approvals, licenses and technical conditions required for conducting investment projects in Russia.  

Keywords: institutionalization, governance, economic security, financial stability, investment funds, financing, organization, efficiency, savings, capital

DOI: 10.7256/2454-0765.2016.4.68533

Abstract: Investment activity creates a basis for the development of all kinds of business. In order to carry out such activity, it is very important to satisfy the need for investment resources, methods of developing such resourches and methods of their efficient use in the future. Thus, peculiarities of the structure of investment sources and analysis of formation and use of investment resources in the Russian Federation is an important task because the overall level of the country's economy, economic security and institutionalization depend on how efficiently these resources are formed and used. The subject of the research is the structure of investment sources into the basic capital of Russia. The purpose of the present article is to analyze the process of developing investment resources in the Russian Federation as well as to define peculiarities of the structure of investment sources. The authors of the article apply the method of analysis when defining the main sources of attracting investments into the basic capital of the Russian Federation and evaluating the gross accumulation. They also use the graphic method to build the structure of investment sources into the basic capital of the Russian Federation and to describe the dynamics of Russia's gross domestic savings and gross accumulation. The main results of the research are the following. The authors have defined the main causes of low investment activity of Russian enterprises; have analyzed the main sources of attracting investments into the basic capital of the Russian Federation; have described certain economic activities that promote the best investments into the basic capital of the Russian Federation; and have given recommendations for solving the problem of attracting more investments in the country's economy. The scope of application of the results and the novelty of the research are as follows. The authors have discovered the relationship between the structure of investment resources and their influence on the financial stability and economic security of enterprises in the decision making process at the marcolevel (state regulation of the Russian Federation insvetment policy). Conclusions are the following. Investment resources should be taken from the most appropriate sources of a particular enterprise and used rationally. For this purpose it is necessary to apply measured aimed at improving the system of control over receipts and expenditures of the country's budget. The results of analyzing the past 5years demonstrate that Russian enterprises have been mostly using their own sources for their investment activity. However, taking into account the fact that such sources are usually insufficient for funding investment activity, the industrial potential of Russia is rapidly aging and Russia's economy has high needs for investments. Therefore, it is necessary to provide the best comfortable conditions for restructuring the industrial process when obtaining tax investment credit or tax holidays. The statement that investment resources are not used rationally or efficiently enough is proved by the fact that a consderable part of domestic savings are not used for internal investments but taken abroad. In order to change this tendency, it is necessary to simplify the order, procedure and resude the number of approvals, licenses and technical conditions required for conducting investment projects in Russia.  

Keywords: institutionalization, governance, economic security, financial stability, investment funds, financing, organization, efficiency, savings, capital