The stability of Russian banking sector is threatened by three negative tendencies — overheating of the credit market, significant decrease of banks’ capital adequacy ratios, and growing problems associated with banks’ lending to affiliated non-financial corporations. The co-existence of...

Since 2010 the issues of development of retail payment systems in Russia have been discussed by the general public. But there is still a lack of assessments of possible macroeconomic effects. In our research we offer systematization of positive effects generated by broad implementation of retail...