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Development of Status Monitoring System of Non-bank Financial Institutions and Financial Markets of the Russian Federation
[Разработка Системы Мониторинга Состояния Небанковских Финансовых Организаций И Финансового Рынка Рф]

Author

Listed:
  • Andreev, Mikhail (Андреев, Михаил)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Larionova, D. (Ларионова, Д.)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Khromov, Mikhail (Хромов, Михаил)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The object of study in this paper is the sector of non-bank financial institutions and financial markets of the Russian Federation. The authors proposed a multilevel system of synchronous indicators - indicators on which to judge the presence of the crisis on the 4 segments of the Russian financial market (stock, bond, cash, currency) and the existence of a crisis in the non-bank financial institutions - insurance companies, pension funds and management companies. For money market leading indicators are constructed. Improved methods of signal lights: LED signal flow tied to the local extreme point series. Calculated and analyzed delay intervals between rows of Russian statistics. The analysis of series of delay, firstly, justifies a typical sequence of crises in the Russian economy, and secondly, justifies the construction and predictive power of leading indicators. Based on the results established a system of monitoring of financial institutions and financial markets.

Suggested Citation

  • Andreev, Mikhail (Андреев, Михаил) & Larionova, D. (Ларионова, Д.) & Khromov, Mikhail (Хромов, Михаил), 2016. "Development of Status Monitoring System of Non-bank Financial Institutions and Financial Markets of the Russian Federation [Разработка Системы Мониторинга Состояния Небанковских Финансовых Организа," Working Papers 546, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:546
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    References listed on IDEAS

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    4. Gerhard Bry & Charlotte Boschan, 1971. "Cyclical Analysis of Time Series: Selected Procedures and Computer Programs," NBER Books, National Bureau of Economic Research, Inc, number bry_71-1.
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    Keywords

    non-bank financial institutions; financial markets; indicators; monitoring; Russia;
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