Akisheva A.V., Fedotkina O.P.

Mordovian State University named by N.P. Ogarev, Russia

Correlation between real and bank sectors of economy in conditions of region innovation development.

Correlation development between commercial banks and economic subjects in conditions of innovative development of economy ought to provide the solution of the following problems: the rise of efficiency of economic subjects operation on basis of their rational interaction with commercial banks; efficient accumulation of monetary funds by commercial banks and their transformation to investments. The final aim of commercial banks drawing in innovation process is increase of the standard of business capitalization, mastering of qualitatively new and competitive production, which make use of demand in the world market, restructuring of the main fields of activities of enterprises and the ensuring their steady financial development on this basis, guaranteeing to investors the same high level of dividends.

The investigation showed that there is no the complete notion of the interaction's methodology of financial and real sectors of the economy in native economics at this moment, and it affects negatively underdevelopment of financial mechanisms for crossing to qualitatively new innovation level of development. The investigation result is a conceptual approach to formation of the interaction of the real and banking industry of the economy mechanism, which bases on interconnection constructs of banking system interaction with sector of non-financial corporations, namely; institutional element (The Bank of Russia, banks, the state, enterprises, fiscal authorities, the population, self-controlled organizations), regulative element (monetary and credit policy of the Bank of Russia, the state's fiscal policy, the state orders, the guiding lines of the economic growth), psychological-confidential (the inflationary expectations, confidence in banking system, the trust in "naturalness" of national home-made goods or opinion about noncompetitive power of Russian manufacture), global-political (the position of national bank and real sectors of the economy in the world political arena, their positive promotion for future prospects in the international context). During the research some factors were revealed, affecting the intensity of innovation processes in the interaction of commercial banks with real sector of the region economy. These factors are divided: by character effect - state legal, economic, techno-technological, social-psychological, and organizational-administrative; by region - domestic and foreign. The dynamics of factors (positive and negative),bringing out the changes in the whole factor system, is a reason of change of existing interplays not only in innovation mechanism, but also in economic mechanism as a whole.

For the purpose of intensification of the innovation development and improvement of russian economy's competitive power today it is important to provide not so much quantitative growth of the national measures as formation of favorable possibilities for utilization of scientific and technical, industrial, resource and intellectual potential. There are some main measures:

1.The intensive development of innovation activity, which has the basic purposes: formation and development of innovation cluster as an innovation structure system, reestablishment, an effective utilization and intensification of existing innovation potential, development of territorial-industrial clusters;

2.The development of investment-financial infrastructure, including the formation of broad network of specialized, estimated, insurance and audit companies, the venture funds, the institutes of collective investment, the rating agencies, what will stimulate the rise of efficiency of banks correlation and real economy sector in the realization of innovation projects and programmes;

3.The formation of economic integration of commercial banks with real economy sector's enterprises in the form of stable partnership between cluster structure and determination of possible variants of the financing, which allow to develop into the realization of integrated schemes of long-term investment with the initial role of banks;

4. The formation and development of regional zones of economic activity by technic-innovation type;

5. Qualitative monitoring for innovation programmes realization. Balanced forecasting and strategic monitoring for the restoration process have to be confirmed by the treatment and application of the flexible mechanisms of the motivation of all process' participants in the practice.

The rise of efficiency correlation between real and bank sectors of economy in conditions of region innovation development is possible at the expense of the treatment of new and adaptation of already existing bank products. Bank products, which connect with credit risk a minimization, are of the greatest interest for both potential creditors and debtors, namely:

1. Syndicated credit - the organization of syndicate allows diversifying the risks and overcoming the problem of excessive concentration of credit assets;

2. Project financing is the most efficient instrument of large-scale projects' investment, because makes possible for banks to realize the financing with no account taken of real assets as a deposit, and on the other part to grade own risks due to availability of financial flows after realization of the project. Project financing provides the reduction of bank risks, that allows to guarantee realization of the project or to compensate financial costs in case of the project "failure";

3. Securitization of mortgage assets allows conducting the long-term stock instruments emission with low profitability, but longer circulation’s period, than market average, which reduces bank interest risks and represents a reserve for reduction of interest rates on mortgage credits.

Thus, the problems of improvement of system interaction between bank and real economy sectors, the selection of its model and detection of priority development trends are the most important in economic, political and social life of the country. It is caused, on the one hand, by that application of innovations are held back because of lack of the optimal interaction between financial and real economy sectors, which comes to undevelopment of financial mechanisms for the transition to qualitatively new innovation level of development. Onystem the other hand, there is no correlation's mechanism of changes in financial system and real economy sector, i.e. the role of institutional and financial conditions of investment process in conditions of the transition to the innovation development stage.