Authors
Jakunin S. V.
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Degree
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professor, Saratov Socio-Economic Institute of Plekhanov Russian University of Economics |
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E-mail
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ysw@yandex.ru |
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Location
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Saratov |
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Articles
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Features of formation of oligopolistic structure of the banking market RussiaThe article deals with the oligopolistic structure of the banking market. Identified specific of oligopolistic banking market in Russia, was the result of banking-sector support from the state. It was noted that integration of banking business change the market structure of these industries in oligopoly. This affects on transaction costs on the banking market. The author marks that, in the oligopolistic market the rent-seeking behavior of the largest banks can only be changed through the stimulation of competition between them. Read more...Russian banking sector structure: yesterday, today, tomorrowThis article analyzes the structure of the banking sector formation. Russia. The analysis of how
and how a specific oligopoly structure influenced the formation of the modern structure of the banking
sector. The reasons for which the economy in the period of crisis requires the identification of
the share of markets that are in a state of silent collusion are shown. The features of the formation
of banking systems in China and Russia, the transition to the sectoral principle of customer service
by state banks. It is revealed that providing stability of the banking system of the country, the state
thereby provides conditions of domination of large state banks and transition to sector service of
economy. It is noted that with the tightening of regulatory requirements, there is a high risk of transition
of small participants of the banking market to the «shadow» sector.
At the beginning of 2018, the state’s share in the banking sector reached over 70%. The foundations
of the state process were laid eight years ago. Eight years ago, it was suggested that for the participants
of the banking market as well, the comparative advantages of rent-seeking behavior are growing,
and therefore during the crisis objectively increases the likelihood of adoption of new rules limiting
competition. This assumption has been confirmed now. A comparison is made with the organization
of the banking sector in China and it is noted that in an effort to ensure the socio-economic stability
of the society in Russia, primarily through the stability of the banking system of the country, the state
does not just provide conditions for the dominance of large banks and banking groups, but forms a
virtually single-tier banking system. The risks of domination of state banks are listed and disclosed. As
a result of the formation of a new structure of the banking sector of the country, competition between
state-owned banks is tightened, which will acquire peculiar features of the struggle for the client and
lead to nationalization in the form of horizontal integration of the business transition into the ownership
of the Bank. The introduction of blockchain technology in the issue of bonds while using electronic
money, which should be issued by the Central Bank of the Russian Federation will allow non-residents
to purchase bonds bypassing sanctions and thereby minimizing their impact on the economy.
Read more...
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