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Deputy Dean (Finance and Administration) — Denis Medvedev
Deputy Dean (Teaching and Learning and Postgraduate Programmes) — Andrey Suzdaltsev
Deputy Dean for Admissions and Alumni Relations — Ekaterina Entina
While it is widely admitted that Afghanistan can contribute to connectivity in Eurasia, one may not also deny that Afghanistan’s regional role is dependent on regional conditions. This article takes Afghanistan’s security and geostrategic trends in Eurasia as the two major variables, defining conditions for Afghanistan’s regional role. They are reviewed and then synthesized as dependent and independent variable to form taxonomy of possible regional roles for Afghanistan.
My book examines the function and development of the cult of saints in Coptic Egypt. For this purpose I focus primarily on the material provided by the texts forming the Coptic hagiographical tradition of the early Christian martyr Philotheus of Antioch, and more specifically – the Martyrdom of St Philotheus of Antioch (Pierpont Morgan M583). This Martyrdom is a reflection of a once flourishing cult which is attested in Egypt by rich textual and material evidence. This text enjoyed great popularity not only in Egypt, but also in other countries of the Christian East, since his dossier includes texts in Coptic, Georgian, Ethiopic, and Arabic. This work examines the literary and historical background of the Martyrdom of Philotheus and similar hagiographical texts. It also explores the goals and concerns of the authors and editors of Coptic martyr passions and their intended audience. I am arguing that these texts were produced in order to perform multiple functions: to justify and promote the cult of a particular saint, as an educational tool, and as an important structural element of liturgical celebrations in honour of the saint.
The trend on electricity grids digitalization is gradually leading to the shift of busi-ness value towards more sustainable and efficient electricity services. Sustainability and efficiency are challenged by the increasing demand for electricity which is fol-lowed by a dramatic transformation of energy systems. While smart grids seem to be crucial in this process, there is a discrepancy in understanding the costs and benefits for the multiple actors involved. In addition, there are benefits of smart grids that cannot be measured directly in terms of money, such as higher energy system reliabil-ity or commitment to carbon reduction. Despite the rise of interest to the managerial aspects of smart grids implementation and development, many aspects remain out of the scope. This paper contributes to the research of smart grids by providing a con-ceptualized business model that would allow for value co-creation, delivery and cap-ture. A Russian energy sector perspective is primarily considered throughout the pa-per and the results are supported by evidence from interviews with of industrial ex-perts
The article analyzes the features and evolution of relations between China and ASEAN, paying attention to contemporary contradictions and difficulties, as well as the opportunities that ASEAN can employ so as to level out problematic issues and maintain its own position in the Asia Pacific region.
The growing interest of Russia in development its economic and political ties with Asia makes particular important the Korean vector of the Russian foreign policy. Although Russia tries to maintain equally friendly relations with the Republic of Korea and the DPRK, cooperation with both states has always been affected by a number of negative factors. The present paper aims to show the current state of relationships between Russia, the Republic of Korea and the DPRK, analyzed in the context of recent conceptual changes in the Russian foreign policy, reestablishing dialogue between South Korea and North Korea, and the resumption of direct negotiations between the USA and the DPRK.
The monograph deals with the issues of macroprudential policy that is organically linked to the system of international banking regulation. The author looks into interrelationship between macro- and micro-prudential regulatory mechanisms, explores the role of macroprudential regulation in minimization of systemic risks, as well as the extent to which the effectiveness of macroprudential tools and techniques will help ensure stress resilience of the banking sector. The author also delves into the most disputable topics on the tradeoff between macroprudential regulation and monetary policy. Without doubt the monograph is a landmark book that expands the most complex topic of macroprudential policy in the post-crisis recovery, as well as the specifics of macroprudential regulation in the post-crisis banking regulation paradigm shift.
The institutional aspect of the post-crisis banking regulation reform (Basel III) still remains unsettled, and as such undermines regulators’ efforts in shaping a seamless platform for international financial intermediation. On the other hand, lack of perspectives for global acceptance of the Basel III standards amid internationalization of banking activities is one of the main reasons of regulatory asymmetries that are difficult to handle at the national level. Under these circumstances, efforts of the governments and financial regulators are a central core of their policy in protecting banking sectors from systemic risks: It becomes imperative to bring together national mechanisms of banking regulation and to develop a regional system of regulatory institutions, as is evidenced by the single supervisory mechanism in the euro area countries.
Strengthening stress-resilience of the national banking sectors in the Eurasian Economic Union (EAEU) and expansion of banking activities to the Eurasian economic integration will require a conceptual framework of the EAEU banking regulation system. However, different regulatory regimes in the EAEU member states along with the lack of supranational regulatory institutions may slowdown the progress of the Eurasian mechanism of banking regulation. This means that operationalization of the EAEU regulatory mechanism will depend on whether the “mini-Basel III” format as a methodological hub of the regionalization and supranationalization will act as an enabler of resolution of the regulatory trilemma among the feasibility, relevance, and opportunities of supranationalization.
The institutional aspect of “mini-Basel III” is intrinsically linked to the integrity and consistency of the supranational authority for regulation of the EAEU financial markets being an authority documented in the Treaty on the EAEU; however, the costs of regulatory alignment may exceed the advantages of a single-institution regulatory architecture owing to the existent and tacit risks of heterogeneity of the national regulatory models. Stemming from the complex financial sector environment that falls short of valid and reliable institutional fundamentals, we propose alternative scenarios for the EAEU regulatory mechanism that could be sought for optimization of regulatory logistics and algorithms of regulatory alignment. Based on systematization of the benefits and weaknesses of each of the scenarios as well as on comparative analysis as to whether the proposed scenarios would ensure continuum of financial intermediation and financial stability, we found that currently there are no priority approaches to the design of a supranational institutional system in the EAEU. At the same time, identical structure of the national banking sectors together with the least expensive scenario approach could underpin the process of regulatory supranationalization; however, to secure integrity of the EAEU supranational authority, it should be complemented with an authority that would be responsible for coordination of the EAEU-wide regulatory alignment.
The chapter examines the issues of adaptation of Russian banks to international banking regulation reform (Basel III) including their role in securing financial stability. Regulatory compliance is the starting point for fair competition of Russian banks in the international financial markets, which is one of the priorities in the context of Russian banking sector competitiveness as a successful implementation of Russian foreign economic policy. At the same time, the competitiveness of Russian banks will depend on their stress resilience to macro-level instability and to the aftermath of external economic sanctions, which, in turn, should ensure the continuum of their financial intermediation function. We systematize factors constraining international investment cooperation of Russian banks and propose measures to strengthen stress resilience and competitiveness of Russian banks in the context of deficiency of funding sources, as well as continuity of external economic sanctions and their possible expansion.