АNTI-CRISIS FINANCIAL REGULATION OF THE BANKING SYSTEM: DOMESTIC REALITIES AND FOREIGN EXPERIENCE

The article substantiates the conceptual approach to the formation of the mechanism for anti-crisis financial regulation of the banking system, which outlines the set of causality and feedback of the elements of the banking system in view of changes in external and internal environments to ensure the development of such a system in the global economic space. The proposed approach identifies the components of the mechanism for anti-crisis financial regulation of the banking system, its features, which are considered and specified in the following elements: a purpose, tasks, subjects, objects, principles, functions, and tools. It has been justified the prospects for adaptation of foreign experience in improving the areas of anti-crisis financial regulation of the banking system by substantiating the main measures and tools, in particular: strengthening control over the activities of banks; focusing banking on financing the real economy; restricting speculative banking operations; separating investment and banking operations; refinancing only those banks that lend to small and medium-sized businesses; stimulating the write-off of problem mortgages; setting a growth limit for large financial corporations; introducing additional taxes and fines for speculative operations of banks and others. Key words: banking system, anti-crisis financial regulation, financial policy, financial stability, crisis, mechanism.

Open Innovation Engineering—Preliminary Study on New Entrance of Technology to Market

As engineering is required to answer directly and more heartily than before the requirement of society and markets, we want to answer the following questions. What kind of open innovation channels exist, and how can these channels operate as a knowledge funnel to conquer the growth limit of capitalism in the 4th industrial revolution? At first, we built up the concept model of open innovation engineering from a conceptual experiment and attempted to prove this model by literature reviews. Second, we applied this open innovation concept model at the papers of Society of Open Innovation: Technology, Market, and Complexity (SOI) 2019 Special Issues of Electronics as a preliminary study. Additional field researches on each open innovation engineering channel in addition to research on finding out more open innovation engineering channels are required.

Environmental and Energy Problems of the 4th Industrial Revolution: Legal Aspects

The article considers the most general and most fundamental provisions of the concept of the Fourth Industrial Revolution and its consequences for ecology, energy, law. The author has analyzed the threats and challenges of digitalization processes for ecology and energy. It is shown that be the creation of an adequate environment of green technologies, products and services should provide the timely response to the great challenges of the 4th Industrial Revolution. It is proved that there will be no real progress in environmental security until economic growth, new technologies regardless of the form in which they are expressed and natural constraints and indicators of the “growth limit” of human expansion are connected and properly and necessarily linked to the pace of economic development. The authors have investigated the problems of strategic planning in the sphere of digitalization of ecological and energy spheres. The country has yet to develop common concepts suitable for strategic planning and to give each of these concepts a legal definition. To date, the lack of “coherence” of plans, responsibility and systematization of numerous normative acts (by-laws) on the basis of which federal and regional information resources are functioning is unacceptable. The article is aimed to develop legislation in the field of ecology and energy, development of legal mechanisms for the implementation of the program “Digital Economy of the Russian Federation” as well as improvement of enforcement practices.

Broad Environmental Tolerance for a Salicola Host-Phage Pair Isolated from the Cargill Solar Saltworks, Newark, CA, USA

Phages greatly influence the ecology and evolution of their bacterial hosts; however, compared to hosts, a relatively low number of phages, especially halophilic phages, have been studied. This study describes a comparative investigation of physicochemical tolerance between a strain of the halophilic bacterium, Salicola, isolated from the Cargill Saltworks (Newark, CA, USA) and its associated phage. The host grew in media between pH 6–8.5, had a salinity growth optimum of 20% total salts (ranging from 10%–30%) and an upper temperature growth limit of 48 °C. The host utilized 61 of 190 substrates tested using BIOLOG Phenotype MicroArrays. The CGφ29 phage, one of only four reported Salicola phages, is a DNA virus of the Siphoviridae family. Overall, the phage tolerated a broader range of environmental conditions than its host (salinity 0–30% total salts; pH 3–9; upper thermal limit 80 °C) and is the most thermotolerant halophilic phage ever reported. This study is the most comprehensive investigation to date of a Salicola host–phage pair and provides novel insights into extreme environmental tolerances among bacteriophages.

The Reasons for Additional Growth Limit of Consumer Non-Purpose Loans in the Banking Sector of Bosnia and Herzegovina

The growth in consumer non-purpose loans leads to the reduction in BiH current account balance and amplifies the current account deficit. According to regression models, the commercial loan has the same effect on the current account. However, in dynamic VAR models, a commercial loan has, either neutral influence on the current account balance, or contributes to its mild growth. A commercial loan is necessary for BiH economy, because the private sector is the main factor of the economic growth, while a consumer non-purpose loan generates mainly demand for import. When a credit growth is very low, the credit is economic and not free good and additional need for the direct regulation of credit appears, especially in countries with underdeveloped financial market. The share of private companies in the credit distribution is reduced and from the economic point of view, redistribution of loans can be made only at the expense of consumer loans. Additional growth limit on the consumer non-purpose loan, which is composed of 74.2% of total consumer loans, and 34.9% of all bank’s loans (10/2016), is one of the preconditions for the decrease of current account deficit, economic growth and economic development acceleration.

A universal growth limit for circular lichens

Lichens fix carbon dioxide from the air to build biomass. Crustose and foliose lichens grow as nearly flat, circular disks. Smaller individuals grow slowly, but with small, steady increases in radial growth rate over time. Larger individuals grow more quickly and with a roughly constant radial velocity maintained over the lifetime of the lichen. We translate the coffee drop effect to model lichen growth and demonstrate that growth patterns follow directly from the diffusion of carbon dioxide in the air around a lichen. When a lichen is small, carbon dioxide is fixed across its surface, and the entire thallus contributes to radial growth, but when a lichen is larger carbon dioxide is disproportionately fixed at the edges of an individual, which are the primary drivers of growth. Tests of the model against data suggest it provides an accurate, robust, and universal framework for understanding the growth dynamics of both large and small lichens in nature.