Finansovyj žhurnal — Financial Journal

2010 - 2025

Current editor(s): Vladimir S. Nazarov

From Financial Research Institute, Moscow 125375, Russia
Contact information at EDIRC.
Bibliographic data for series maintained by Gennady Ageev ().

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2021, issue 6

Financial Support for Research, Development and Engineering Instruments and Technology Readiness Levels pp. 8-24

Olga V. Bogacheva and Oleg V. Smorodinov

Financial Sector’s Role in Transmission of Monetary and Fiscal Shocks in Russian Economy: Estimation Under Different Assumptions About Production Sector pp. 25-53

Samvel S. Lazaryan and Maria A. Elkina

Integral Tax Collection Index as a New Approach to Assessing Tax Administration pp. 54-80

Aleksandra L. Osmolovskaya-Suslina, Sofiia R. Borisova and Victoria A. Moskvina

Key Issues of Taxation of the Self-Employed in the CIS Countries pp. 81-97

Anna V. Tikhonova

Concept of Vertical Fiscal Imbalance in the Analysis of Fiscal Sustainability at the Regional Level pp. 98-116

Аnna A. Mikhaylova and Evgeny N. Timushev

Public Expenditure in Regions: Current State and Problems (Exemplified by Registries of Expenditure Commitments of the Regions in the Russian Far East) pp. 117-131

Elena B. Veprikova and Aleksei Novitskii

2021, issue 5

Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia pp. 11-28

Igor A. Yakovlev, Lyudmila S. Kabir and Svetlana I. Nikulina

Legal Framework for Green Finance in the EU and Russia pp. 29-43

Larisa V. Sannikova

Promoting Green Development in China's New Development Stage Through Tax Reform pp. 44-50

Fu Zhihua and Cheng Yu

China on the Way to Achieving Carbon Neutrality pp. 51-61

Elena I. Kranina

Implementation of International Sustainable Financing Practices into the National Debt System. Can Infrastructure Loans Become Responsible? pp. 62-78

Rinat I. Rezvanov

The Role of Environmental Innovation in Green Modernization of Industrial Enterprises pp. 79-92

Zhanna A. Mingaleva and Yurii V. Starkov

Specific Features of Renewable Energy Development in the World and Russia pp. 93-107

Victoria I. Bushukina

Clustering of Russian Regions by Level of Debt Sustainability pp. 108-124

Igor Yu. Arlashkin

Legislative Regulation Financial Statement Preparation by Micro Entities: International Experience pp. 125-138

Natalia S. Matveeva

2021, issue 4

Meeting the Challenge of Economic Sanctions: Russian Legislative and Institutional Perspective pp. 8-23

Ivan N. Timofeev

China’s Policy of Economic Sanctions: Legislation and Enforcement pp. 24-38

Polina V. Bakulina and Ksenia A. Kuzmina

US Sanctions Against Financial Companies: Key Features pp. 39-51

Yulia S. Timofeeva

On the Strategic Effects of Unilateral Sanctions: Russian Experience pp. 52-66

Anastasia B. Likhacheva

Cellular Companies as a Model of a Mechanism for Reducing Sanctions Risks for Business pp. 67-74

Viktor S. Utkin and Yury V. Kuznetsov

Forecasting of Bankruptcy: Evidence from Insurance Companies in Russia pp. 75-90

Yulia Tarasova and Ekaterina S. Fevraleva

Approaches to Modelling Exposure at Default for the Entire Life of the Asset pp. 91-109

Alfiya F. Vasilyeva

Problems of Regional Participatory Budgeting Practices pp. 110-121

Vera V. Levina

Methodological Aspects of Compiling Open Budget Rankings pp. 122-138

Yuriy V. Belousov and Olga I. Timofeeva

2021, issue 3

Prospects for the Development of Payment Institutions in Russia pp. 8-26

Victor L. Dostov, Pavel M. Shust and Pavel V. Pimenov

Development of New Payment Systems in Russia Similar to a CLS Analogue pp. 27-37

Alexey V. Maslov

Analysis and Assessment of Cyberthreats to the National Financial System of Russia in the Digital Economy pp. 38-53

Sergey V. Shkodinsky, Mihail N. Dudin and Daler I. Usmanov

Cybercrime as a Key Operational Risk of the Payment and Settlement Infrastructure of the Global Financial System and Approaches to Its Regulation in the Eurasian Economic Union pp. 54-66

Victor Ya. Pishchik and Peter V. Alekseev

Some Directions of Increasing the Efficiency of Public Administration in the Context of Digitalization pp. 67-75

Andrey I. Lukashov

Problems of Innovative Science and Technology Center Financing From Budgetary Funds pp. 76-87

Makar I. Kudelich

Identification of Signs of “Business Fragmentation” in Russian Far Eastern Territories with Special Economic Status pp. 88-103

Olga A. Sinenko and Timofey P. Mitrofanov

The Flow of Dividends to the Seller: Customs Valuation Methodology pp. 104-115

Alexey A. Artemiev

Devaluation’s Impact on the Formation of Kazakhstan Government Budget: The Factor of the National Fund Investment Income pp. 116-131

Vyacheslav Yu. Dodonov

2021, issue 2

The Role of Participatory Budgeting in Forming an Ecosystem of Civic Participation in State and Municipal Governance pp. 9-24

Vladimir V. Vagin and Ekaterina S. Shugrina

On the Verge of Institutionalisation? Participatory Budgeting Evidence in Five Italian Regions pp. 25-45

Giovanni Allegretti, Matteo Bassoli and Greta Colavolpe

Participatory Budgeting as a Tool Contributing to the Achievement of the Sustainable Development Goals pp. 46-60

Tatiana I. Vinogradova

Saint Petersburg Experience of Participatory Budgeting pp. 61-69

Natalia G. Lukyanova

The Role of Project Centers in the Development of Participatory Budgeting: The Practice of the Krasnoyarsk Territory pp. 70-82

Elena M. Mrachek and Irina V. Valyushitskaya

Goal Setting of Youth Practices of Participatory Budgeting pp. 83-92

Natalia G. Ivanova and Vitalii A. Fedosov

Implementation of Regional Development Priorities Under the Conditions of the COVID-19 Pandemic pp. 93-113

Mikhail V. Milchakov

Fiscal Decentralization and Incentives of Local Authorities in the Russian Federation pp. 114-129

Vladislav V. Bukharsky

2021, issue 1

Some Macroeconomic Consequences of COVID-19: Specifics of the 2020 World Economic Crisis pp. 9-27

Valery V. Kizilov

COVID-19 and Anti-Crisis Social Support pp. 28-38

Yelena Andreeva, Dmitry Bychkov and Olesya A. Feoktistova

Dynamics of Russian Cities Budget Autonomy in the Transition to Multi-Level Governance pp. 39-57

Anton V. Gorodnichev, Tatiana V. Kulakova and Maria A. Moiseeva

Oil and the Ruble: Collapse of Cointegration pp. 58-74

Boris I. Alekhin

Global Catastrophe Bond Market and the Prospects of Its Formation in the Russian Federation pp. 75-92

Natalia Khutorova

Unallocated Metal Accounts in Russia: Determinants of Quoted Bid-Ask Spreads pp. 93-106

Elena V. Rozhentsova, Anastasiia D. Saltykova and Tatyana М. Devyatkova

Accounting and Analysis of Cash Flows of Penal Entities pp. 107-124

Tatyana G. Arbatskaya

Approaches to Reforming Pension Systems in the World and Recommendations for Russia pp. 125-135

Kristina V. Shvandar and Anastasia Anisimova

2020, issue 6

Evaluating the Effectiveness of the Budget Expenditure Policy pp. 9-24

Kirill L. Astapov, Rasul А. Musaev and Anton A. Malakhov

The Role of Public Participation in Ensuring the Efficiency of Budget Expenditures pp. 25-38

Vladimir V. Vagin and Irina V. Petrova

Vertical Fiscal Imbalance and Regional Economic Growth pp. 39-53

Boris I. Alekhin

Intergovernmental Fiscal Instruments for Stimulating Regional Economic Growth in Russia pp. 54-68

Igor Yu. Arlashkin

Creditworthiness of Russian Regions: What Needs to Be Considered pp. 69-86

Аnna A. Mikhaylova and Evgeny N. Timushev

Financial Participation of Public Partners in Public-Private Partnership pp. 87-99

Makar I. Kudelich

Potential Applications of Digital Financial Assets pp. 100-112

Viktor N. Ageyev and Andrey V. Vlasov

Disbalance in Pay Structure of Employees in Federal Budgetary Institutions pp. 113-125

Olga V. Bogacheva and Oleg V. Smorodinov

The Role of Trade Credit in Activities of Small and Medium-Sized Enterprises pp. 126-135

Ekaterina A. Panova

2020, issue 5

Transformation of the Role of Financial Market Regulators: Statement of the Research Problem pp. 15-29

Mariya A. Mihailova, Andrey V. Obynochny and Kristina V. Shvandar

Opportunities and Prospects for Russia’s Transition to a Cashless Society pp. 30-42

Anastasia Anisimova

Approaches to Regulating E-Money Market in the Eurasian Economic Community: Comparative Analysis pp. 43-58

Victor L. Dostov, Pavel M. Shoust, Gleb V. Alekseev and Svetlana V. Krivoruchko

Legal Issues of Identification in Remote Financial Services for Individuals pp. 59-74

Andrey V. Emelin and Boris G. Perov

Merchant Acquiring Technology and Problems of Its Regulation in Russia pp. 75-85

Alexey V. Maslov and Yulia A. Maklakova

Ecosystems and Marketplaces: Overview of the Financial Services Market pp. 86-98

Pavel A. Samiev, Veronika R. Zakirova and Darya V. Shvandar

Fiscal Measures to Boost the Economic Development of Russian Territories pp. 99-113

Alexander Andryakov and Evgeniy A. Dombrovskiy

Regional Tax Autonomy and Budget Balances pp. 114-127

Boris I. Alekhin

2020, issue 4

Institutional Features of International Financing for Climate Change Adaptation Programs pp. 10-25

Zhanna A. Mingaleva

Climate Policy of the Russian Federation: International Cooperation and National Approach pp. 26-36

Igor A. Yakovlev, Lyudmila S. Kabir and Svetlana I. Nikulina

Role of the State in the Resolution of Green Finance Development Issues pp. 37-51

Elena P. Fedorova

Carbon Exchanges: European Experience in Developing the Mechanism of Emission Permit Trading pp. 52-68

Svetlana V. Doroshenko and Anna D. Mingaleva

Green Economy as a Labor Productivity Factor in the Manufacturing Industry of European Union Countries pp. 69-84

Vladislav Rutskiy and Maria V. Osipenko

“New Industrialization” in Russia as a Factor in the Transition to a Green Economy pp. 85-100

Irina P. Dovbiy, Alexey N. Degterenko and Vlada V. Kobilyakova

Selection of Sources of Traditional and Green Financing for the Best Available Techniques pp. 101-116

Irina I. Prosvirina and Natalya S. Dovbiy

ESG Criteria in Investment: Foreign and Russian Experience pp. 117-129

Ekaterina O. Vostrikova and Anna P. Meshkova

2020, issue 3

Endogeneity of Money Supply in the Russian Economy in the Context of the Monetary Regime Change pp. 8-27

Marina Yu. Malkina and Igor A. Moiseev

Execution of National Projects in Regions Under the Conditions of Countering the Coronavirus Pandemic pp. 28-47

Mikhail V. Milchakov

Tax Potential of the Republic of Crimea pp. 48-59

Irina V. Kiviko and Nina I. Malis

Development of Initiative Budgeting in the Regions of the Russian Federation (Exemplified by the Sverdlovsk Region) pp. 60-75

Valentina V. Derbeneva, Ekaterina А. Zakharchuk and Alexey F. Pasynkov

Prospects for Digitalization of the Insurance Business in Russia pp. 76-90

Denis V. Bryzgalov, Julia V. Gryzenkova and Alexander A. Tsyganov

Digitalization in the Banking Industry: Digital Transformation of Environment and Business Processes pp. 91-101

Lyubov A. Petrova and Tatyana E. Kuznetsova

Macroeconomic Stability and Microprudential Regulation of Russia’s Foreign Corporate Debt pp. 102-113

Sergey A. Perekhod

Performance Management in the Public Sector: Opportunities for Syria pp. 114-135

Naeim David Hurmuz

2020, issue 2

Tax Smoothing in Russia pp. 9-24

Boris I. Alekhin

The System of Emission Taxation Analyzed: An Institutional Approach pp. 25-38

Zhanna A. Mingaleva and Yurii V. Starkov

Modeling the Balance Sheet Channel of Monetary Transmission in Russia pp. 39-56

Mariya A. Shchepeleva

Public Procurement in the Russian Federation: Retrospective and Development pp. 57-68

Darya V. Gorokhova

State Financial Control: International Experience pp. 69-95

Natalia S. Matveeva

Importance of Inventory in Ensuring Accurate Presentation of Financial Reporting by Public Sector Entities pp. 96-110

Tatyana G. Arbatskaya

Legal Issues of Redress in Subrogation pp. 111-119

Makar I. Kudelich

Nobel Prize in Economic Sciences 2019: Poverty Alleviation and Experiments in Development Economics pp. 120-131

Vyacheslav N. Ovchinnikov

2020, issue 1

Challenges and Issues of Initiative Budgeting Development pp. 9-26

Vladimir V. Vagin and Natalia A. Shapovalova

Organization of Program- and Target-Oriented Funding for Research in Russia pp. 27-40

Andrei I. Kostin

Regional Tax Competition at Different Phases of Tax System Evolution in Russia pp. 41-57

Vladimir Gromov

Comparative Assessment of Regional Fiscal Capacity Calculation Approaches pp. 58-67

Igor Yu. Arlashkin

Tax Burden Influence on the Foreign Direct Investment Distribution by Economic Industries pp. 68-86

Andrey Korytin

Economic Model of Compensation Fund in Russia pp. 87-104

Yuri Danilov

Information Technology in the Russian Insurance Market: Development Opportunities pp. 105-116

Yury A. Spletukhov

From Monetary Towards Non-Monetary Transactions: Consumer Personal Data Protection in E-commerce pp. 117-130

Maria Girich, Antonina Levashenko and Alexandra A. Koval