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...

The article summarizes the key results of researches in the field of early warning systems for financial crises, conducted by the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF) since 2005. The proposed early warning system consists of three major blocks: the leading...

The authors survey the types of cashless payments, explain their advantages and disadvantages, analyze the factors that promote and impede their use in Russia, and consider how monetary and credit policy and technical measures can facilitate the transition from cash to cashless payment.

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...

The article analyzes factors affecting growth of the share of nonperforming loans in the loan portfolios of Russian banks. Using the results of stress tests of Russian banks, the authors assess their potential capital needs in 2010 and estimate the share of government assistance in capital...

The article analyzes measures taken by the Bank of Russia in response to the occurrence of a problematic situation characterized by three "stress points": signs of new overheating of the credit market, a significant decrease in bank capital adequacy ratios, and exacerbation of the problem of...

The article presents an empirical analysis of the interaction between market power of Russian banks and their resistance to credit risk during 2004Q1–2011Q2. We employ individual concentration index of banks in different asset markets (structural measure) and the Lerner index (unstructured...

This article is focused on analysis of foreign banks expansion to Russian banking sector and its influence on sector's basic indicators. It compares banking sectors of developing countries to find out the most attractive ones for further increasing of foreign investment. Then it analyses the...

This paper investigates the relationship between operating cost efficiency and the loan quality of Rus-sian banks. It tries to answer the question whether it is always beneficial for banks to be highly cost effi-cient (the “bad management” hypothesis) or whether this higher cost efficiency...

This paper investigates the influence of both concentration and foreign banks expansion in Russian banking sector on the level of its competition. The estimation of competition is based on widely used non-structural methodology of Panzar-Rosse H-statistic (Rosse, Panzar, 1977; Panzar, Rosse, 1987)...