In this paper we rely on empirical data to develop a classification of state-influenced banks. An estimate of such banks’ combined market share by July 1, 2009 is suggested. We identify 53 state-controlled banks in Russia, including state-owned banks and state-governed banks. Public sector in...

We assess the effects from the industrial policy of growing state-controlled national champions on the Russian banking system, its concentration and competitiveness. Some light is shed on comparative financial performance of state-controlled banks versus other market participants. We also show...

This article relies on statistical and empirical data to develop a classification of state-influenced banks. An estimate of such banks’ combined market share by July 1, 2009 is suggested. We identify 53 state-controlled banks in Russia, including state-owned banks and state-governed banks....

The paper attempts measuring institutional change, taking the case of the Russian banking industry in 1991-2016. I put forward a set of metrics featuring the actors and the relevance of banking for the economy. At the first stage, the communist-era credit system falls apart, and so do...

В работе проф. П. Леиашвили обсуждаются проблемы денег, кредитов и банковской системы в современной экономике. В экономических учебниках эти проблемы излагаются...

Banks, acting as intermediaries in conducting settlements and providing liquidity to economic agents, play an important role in modern economic systems. At the same time, banking activity is associated with many risks that necessitates control from the regulator. Over the past 9 years, the...

We assess the effects from the industrial policy of growing state-controlled national champions on the Russian banking system, its concentration and competitiveness. Some light is shed on comparative financial performance of state-controlled banks versus other market participants. We also show...

Shift to the program planning and budgeting is a budget policy priority in Russia. However, the current system of public programs development and implementation needs to be improved. The research aims at development of methodological approaches for a priori financial control of public programs...

We use statistical data for the period 2000-2013 to compare the macro-level architecture and institutional features of the banking systems in China and Russia. Both countries have a hierarchical multi-tier banking system headed by a few core state-controlled banks that combine commercial...

The article is about national payment card system. Including utility and prerequisites of its introduction, as well as further potential and development