Market Watch 2010

The most important feature of almost all the banking crises of the past decades has been a violation of the normal flow of payments, credit, crisis of confidence on the interbank and deposit the crisis. The most dangerous part of the banking crisis – the destruction of national and international calculations when it comes to cash flow in the real sector. In second place is worth the danger of sharp reduction in lending to the national economy. Source: Susan G. Swenson. " Certainly, the financial world to draw definite conclusions. It is very important that Russia's banking system took into account all the errors. Necessary to eliminate the universal banking activities, risky investments many of them, and then as a consequence of failure to meet their payment and credit functions, often undermines the credibility of the entire banking system of Russia.

Should go to the modern specialized three-tier scheme krizisoustoychivoy Banking (calculated LSB-banks, which working with the payments, credit and deposit banks, non-payment functions, investment banks operating in securities). Baby clothes is likely to agree. In addition, it is important to credit and deposit activities of banks to build it so that it was limited to only those subjects of the federation, in which banks are located. The sad experience of the crisis has shown that inter-regional bank can at any time withdraw funds from troubled regions in the more prosperous regions, such as from the provinces to Moscow, which actually happened during the crisis, exacerbating the difficult financial situation in Russian regions. This is one reason that almost Many Russian companies have had in 2008-2009-m's serious problems with credit. If you do not do all the above, if new crises with more serious consequences are inevitable. And last, in the financial world nothing have to reinvent all the complex financial situation has long been analyzed and considered the best minds of humanity. The trouble is that at top positions in financial institutions in different countries are coming or not competent in complex financial matters, officers or, worse, the financiers over the infected greed (which spawned the current crisis). The famous financier Peter Bernstein in his works actually predicted the current crisis, described in detail the dangerous changes in the investment world, the mismatch of risk and volatility, but apparently was not heard of the mighty. Yuri Chashin 09/20/2009

Payments to bankers are published only the total amount in the institutions that serve a full accounting. On the personal distribution of bonuses among senior managers modestly silent all. In the best case, disclosed the proportion of shares leadership. 'The Economic Truth' presents a new research project – an annual ranking of online banks open. According to the results of rating research, the five most public banks in Ukraine have entered 'VAB Bank' Bank 'Khreshchatyk', 'VTB Bank', Privatbank and 'Alfa Bank. " The ranking is based on a comprehensive analysis of accessibility, completeness and relevance of the most important from the standpoint of the client and banking information.

In the study, 'ME' comprehensively appreciated the openness of the financial statements, services, management, ownership structure in Internet networks and banks 'ability to respond to journalists' e-mail-requests. Rating openness covers 35 major retail banks, which are included in the first and second group of the NBU classification and control 80% of banking assets. Why banks are open before proceeding to an analysis of the results of the rating, it should be noted that transparency and soundness of banks – different concepts that should be clearly distinguished. As numerous studies of Western scholars, the bank with an informative website and transparent walls may not be too financially viable. Furthermore, documented cases of excessive openness of financial information, with weak corporate governance led to banking crises. In this case, the question is understandable One well-known Ukrainian economist: what is the point of transparency, if it does not depend on the reliability? The answer is simple: in the West, banks are interested to be open to multiple investors, who closely monitored The course of bank shares and the regularity of dividend payments.

It is much easier to operate verified in time reduction in interest rates than fine-tune to the situation by changing the tax. Moreover, Europe is still possible to loosen monetary policy. Even after the recent interest rate cuts in the eurozone is 2.5%, while in the UK – 2%. In this case, and the European Central Bank (ECB) and Bank of England, like the U.S. Federal Reserve, have proven – though not in equal measure – his desire to go for low cost in order to provide liquidity to their banking systems. Budget expenditures are difficult to quickly build and even harder – reduction after recovery. It should also indicate the fact that Europe has also stronger fiscal foundation. The fact that here – compared to the U.S.

- a much larger share of GDP is created in the public sector, and therefore the decline in spending in the private sector has proportionally smaller effect on the economy as a whole. Unemployment benefits in Europe than in America, so the appropriate budget expenditures during the economic downturn is growing stronger. Taxes, too above, and in times of recession the corresponding revenue tend to a rapid decrease, resulting in an automatic relief to the fiscal burden on taxpayers. For all these reasons, in Europe there is still a good opportunity to resort to active fiscal policy. At the same time, the impact of interest rate cuts weakened and slowed down 'sick' of the banking system, which is the link between central bank's policy and the real economy.

Electronic money is an encrypted set of characters, replaces the familiar to us banking unit. To manage electronic accounts have been created various electronic payment systems, including most popular in Russia RUpay, Yandex, Web Money and z-payment. In foreign countries, the most common payment systems are Moneybookers, PayPal, e-Gold. Electronic currency have several advantages over conventional money: As the first advantage should highlight what to do the translation does not need to wait a long time (in the case of the usual exchange is approximately three banking days), any transactions take place immediately, although, where are the sender and receiver of funds. The second advantage is that the operations money is absolutely anonymous. No one can get information on the status of your accounts, to whom and when you transfer the money and much more. Without your consent, sometimes not even know your name and fimiliyu that protects from blackmail, fraud, threats.

Enjoyable moment is the fact that in order to take full advantage of electronic money, you do not even have to move away from the computer. You can instantly make a translation, account top-up mobile phone and make a lot of other operations without leaving your easy chair. Fourth, fake electronic money is almost impossible, which reduces the chances of becoming a victim of counterfeiters to zero. Encrypted codes have such a high degree of protection that is easier to steal than to fake, however, do not steal them so simple. As practice shows, robbed most people simply do not perform basic security requirements for that in the end and paid the price. Confirms the value of virtual money and what exchange electronic currency for real money very easily. For example, the output webmoney can be achieved through specialized exchange offices. They also allow us to perform the exchange z-payment by webmoney or any other electronic currency. Outside help will not needed at all, if you go to transfer your savings from one currency to another. This is elementary, just a few mouse clicks. To summarize, I will say that one can not deny the fact that electronic money is a full-fledged alternative to the traditional money supply and, moreover, in many respects even have priemuschesta.