'A Safety Cushion' or a strategic blunder?
| Autor: | B. L. Lavrovskii |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Cultural Studies
Finance Inflation Actuarial science business.industry Manager of managers fund media_common.quotation_subject 05 social sciences Target date fund 050905 science studies 010403 inorganic & nuclear chemistry 01 natural sciences 0104 chemical sciences Balance (accounting) Backup Fund administration Sovereign wealth fund Political Science and International Relations Cushion Economics 0509 other social sciences business media_common |
| Zdroj: | Herald of the Russian Academy of Sciences. 86:507-512 |
| ISSN: | 1555-6492 1019-3316 |
| DOI: | 10.1134/s1019331616060046 |
| Popis: | An attempt is made to assess critically the concept of the creation of the Stabilization (Oil and Gas) Fund in the conditions of Russia of the mid-2000s. As a backup (insurance) tool, the author holds, the fund is ineffective in solving its key tasks—to support budget balance and to restrain inflation. The artificial withdrawal of a substantial part of the oil and gas rent from the budget comes into sharp conflict with the goals of development. The conclusion is made that the creation of the fund for subsequent use of the accumulated means primarily as a “safety cushion” was, to all appearances, a strategic blunder. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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