Описание:
Several mottos, such as “Lifelong Education”, “Learning to Know”, Learn-ing to Do”, and “Learning to Live Together” are commonly found in UNESCO documents. Any one of these phrases could be used as an epigraph for this mon-ograph as well as for an entire series of books, which the Novosibirsk State Uni-versity Economic Department is preparing for publication.
“Financial Innovations” are the key words for all of the books in this series. The graphic symbol depicted on the spine of these books is an equilateral poly-gon. On the front cover one finds a pyramid with unfolding sides opening the fi-nancial secrets of the pyramid and with a corresponding equilateral polygon at its base. For the purpose of these books the base of the pyramid symbolizes these “financial innovations”. The three sides of the pyramid represent “scientific re-search”, “education”, and “practical experience”.
In an attempt to express the idea of this series of books in terms of a slogan or motto the words “integration and innovation” could be used. This can be ex-pressed as follows:
1. The primary focus of attention is finance, and innovations in the field of finance, along with various methods for their study based on the integration of re-search, managerial practice and education.
2. Systems analysis has been chosen as the basic method of research. In accordance with this method of research aspects of value are analyzed in contin-uous connection with natural-material aspects. Finance and innovation are ex-amined to varying degrees from different points of view (i.e. micro-, meso-, and macro levels). The number of subsystems studied includes: budget and taxes, corporate finance, commercial banking, stocks exchanges, and various forms of securities - from classic stocks and bonds to exotically derived financial instru-ments. The “submergence” of finance into the economy, and lastly into the gen-eral system of actions and knowledge, from the level of elementary particles up to cosmogony, is also taken into consideration. The framework for historical analy-sis is just as wide; it spans the appearance of the first elements of financial and credit relationships in ancient times up to the cataclysms of modern time. The au-thors avoided turning any one point of view into an absolute. Instead they tried to give the reader an opportunity to compare and contrast various positions, ei-ther through the formulation of questions or methods for solving them.
3. Each book was put together by a group of international specialists. Re-search specialists, university teachers and business professionals, people of differ-ent ages, levels of degrees, areas of knowledge and life experience, all worked hand in hand in creating this series of books. They were all united by a common idea. This idea was to look at current trends in the world of financial products, technology and institutes in a new light, to find new methods and approaches for understanding, studying and explaining innovative phenomena, to creatively bind together the old with the new and the new with the old, and finally to create a book useful for a wide range of readers. It is essential that this book be unlike any other book published in our country or abroad (as the title obliges) both in form and content.
It was the intention of the authors to include in each book of this series characteristics of the following: a research monograph, a collection of articles, a handbook, study materials, a set of methodological materials for teachers, and it is hoped, an encyclopaedia.
We would like to note with deep gratitude that the successful research and organization of work, the results of which are expressed in this book and will be expressed in futures books of this series, were made possible in a large way by a grant in fundamental research in the area of economics from Goskomvuz of the Russian Federation (the 1995-6 project “Financial Innovations in the Manage-ment of Joint-Stock Companies”).
Support in the form of a grant from TEMPUS (TACIS) JEP-08508094 was not only a determining factor in the research for this book, but also contributed largely to the fact that readers now hold this book in their hands. Work on the Program of European Community “taught us how to live together” and how to solve the problems of increasing economics education together with our col-leagues from universities in the United Kingdom, Germany and France. We be-lieve that our work has given good results. This is largely due to the efforts of the Project Coordinators from different countries and universities. We would like to thank in particular:
• Prof. Dr. Dr. hc. Hans Kaminski, Coordinator in Chief, University of Ol-denburg, Germany;
• • Dr. Patrick Boulongne, University of Paris VIII, Vincennes Saint-Denis, France;
• • Prof. Dr. Roger Vickerman, University of Kent at Canterbury, UK;
• • Prof. Dr. Gagik Mkrtchyan, Novosibirsk State University, Russia.
A significant number of organizations and individuals, in our country and abroad, provided essential assistance in the publication of this work.
Among foreign organizations we are grateful to American Economic Associ-ation and Journal of Economic Literature, USA (§ 1.1—1.2); Paris Europlace, France (§ 2.1, 3.4); Ecole Nationale de la Statistique et de l’Administration Economique, France (§ 2.1); Marche a Terme International de France (§ 2.1, 3.4); Chartered Institute of Bankers (Great Britain), UK (§ 2.2); International Securities Market Association (§ 2.3); N M Rothschild & Sons Limited, UK (§ 3.1); National Westminster Group, UK (§ 3.2); Dresdner Bank Group, Germany (§ 3.3).
The above-mentioned organizations hold the copyrights to all of the materi-als in their original languages and they kindly allowed us to translate and include some parts of their documents in our book for the purpose of further developing financial education in Russia.
Our sincere thanks go to the many foreign experts who in various ways helped us in the publication of this book. These include:
Olivier Beuvin, Commercial MATIF Formation, France; Prof. Christian de Boissieu, University Paris I Pantheon-Sorbonne; Barbara Borland, National Westminster Bank Plc, UK; Arnaud de Bresson, Paris Europlace, France; Prof. Thierry Chaveau, University Paris I Pantheon-Sorbonne; Prof. Ghislain Deleplace, University Paris VIII Vincennes - Saint-Denis, France; Tim Donovan, the Char-tered Institute of Bankers, Great Britain, UK; Victor Gray, the Rothschild Archive, UK; Prof. Elyes Jouini, Ecole Nationale de la Statistique et de l’Administration Economique, France; Geoff Lipscombe, Banking Information Service, UK; Annie Lloyd, National Westminster Bank Plc, UK; Fiona Maccoll, NatWest Group Ar-chives, UK; PhD Philip McCann, University of Reading, UK; Prof. Francoise Renversez, Universite Paris X Nanterre; Prof. Stephen A Ross, Yale School of Or-ganization and Management, USA; Willy Sichkareck, University of Oldenburg, Germany; Susan A Snell, NatWest Group Archives, UK.
Our deepest gratitude to the reviewers of this monograph, Prof. Doctor of Economics, Honoured Scientist of the Russian Federation, Lydia Nagovitsina and Doctor of Economics Natalia Fadejkina, who provided an entire series of valua-ble remarks and suggestions aimed at the improvement of this book.
Unfortunately space does not permit us to thank all of those who deeply de-serve it. Therefore we can only express our “collective” gratitude to those organi-zations and individuals who helped us in our work on this book. However, this does not mean that our gratitude is any less sincere or genuine.
Thanks to the received grants this book will be sent free of charge to the main economical institutes of higher learning and libraries of Russia. We hope that it will contribute to the important transformation from financial barbarism to an enlightened and civilized society where there is no fear of “financial pyra-mids”.
List of the contributors:
• Maria A. Kaneva, Graduate, Novosibirsk State University — § 1.2;
• Marianna D. Kulinich, Postgraduate and Teaching Assistant of Banking, Novosibirsk State University — 2.1.3, 2.1.4;
• Galina V. Kurak, PhD, Associate Professor of Foreign Languages, Novo-sibirsk State University — 2.1.1;
• Alexander P. Leontjev, PhD, Assistant Professor of Economics and His-tory of Economic Thought, Novosibirsk State University — editor;
• Anton M. Lychagin, Postgraduate and Teaching Assistant of Finance, Novosibirsk State University — § 1.1;
• Mikhail V. Lychagin, PhD, Doctor of Economics, Professor of Economics and Finance, Novosibirsk State University — the idea of the book, project direc-tor, editor-in-chief, preface, introduction, chapter 1, § 2.1, 2.2, translation § 2.3, compiling, translation and additions to text — chapter 3, summary;
• Michel P. Murphy, Lecturer of Management at the Canterbury Business School, University of Kent at Canterbury, UK — § 2.2;
• Tatjana S. Novikova, PhD, Assistant Professor of Economics and Public Finance, Novosibirsk State University — 2.1.1, 2.1.2;
• Sergey A. Podoinicov, Graduate, Novosibirsk State University — § 1.2;
• Brian Rawle, Director of Studies at the Chartered Institute of Bankers (Great Britain), Canterbury, UK — § 2.2;
• Brian Scott-Quinn, PhD, Professor of Investment Banking, Director In-ternational Securities Market Association Chair in Investment Banking, ISMA Centre for Education & Research in Securities Markets, the University of Reading, UK — § 2.3;
• Victor I. Suslov, PhD, Doctor of Economics, Professor of Economics and Econometry, Corresponding member of the Russian Academy of Sciences, Novo-sibirsk State University, Chief Research Fellow at the Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences — editor-in-chief, preface;
• Arthur Upton, Manager at the Chartered Institute of Bankers (Great Britain), Canterbury, UK — § 2.2.
The authors and all who took part in the job tried all their best to minimize the errors, misprints and other imperfections. We apologise beforehand if there are any, and will be pleased to get the information in this case.