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Bank competition in Russia: An examination at different levels of aggregation

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Author Info

  • Anzoategui, Diego
  • Pería, María Soledad Martínez
  • Melecky, Martin

Abstract

We analyze bank competition in Russia at different levels of aggregation. First, we compute a country-level measure of competition and compare it to that for similar-sized economies. Second, we contrast competition across different groups of banks in Russia. Third, we analyze bank competition across Russian regions. We find that banks in Russia are less competitive than those in Brazil, but more so than those in China and India. Large and state-owned banks exert more market power than others. Finally, competition is stronger in regions where there is less bank concentration, greater presence of banks, and greater financial and/or economic development.

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Bibliographic Info

Article provided by Elsevier in its journal Emerging Markets Review.

Volume (Year): 13 (2012)
Issue (Month): 1 ()
Pages: 42-57

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Handle: RePEc:eee:ememar:v:13:y:2012:i:1:p:42-57

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Web page: http://www.elsevier.com/locate/inca/620356

Related research

Keywords: Bank competition; Market structure;

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References

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Citations

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Cited by:
  1. Fungacova, Zuzana & Herrala, Risto & Weill, Laurent, 2011. "The Influence of Bank Ownership on Credit Supply: Evidence from the Recent Financial Crisis," BOFIT Discussion Papers 34/2011, Bank of Finland, Institute for Economies in Transition.
  2. Georgios Efthyvoulou & Canan Yildirim, 2013. "Market Power in CEE Banking Sectors and the Impact of the Global Financial Crisis," CASE Network Studies and Analyses 0452, CASE-Center for Social and Economic Research.
  3. Davydov, Denis & Vähämaa, Sami, 2013. "Debt source choices and stock market performance of Russian firms during the financial crisis," Emerging Markets Review, Elsevier, vol. 15(C), pages 148-159.
  4. Vernikov, Andrei, 2012. "«Национальные Чемпионы» В Структуре Российского Рынка Банковских Услуг
    [National champions and the competitive structure of the Russia
    ," MPRA Paper 40236, University Library of Munich, Germany.
  5. Love, Inessa & Peria, Maria Soledad Martinez, 2012. "How bank competition affects firms'access to finance," Policy Research Working Paper Series 6163, The World Bank.
  6. Yong Tan & Christos Floros, 2013. "Market power, stability and performance in the Chinese banking industry," Economic Issues Journal Articles, Economic Issues, vol. 18(2), pages 65-90, September.
  7. Karminsky, A. & Kostrov, A., 2013. "Modeling the Default Probabilities of Russian Banks: Extended Abillities," Journal of the New Economic Association, New Economic Association, vol. 17(1), pages 64-86.
  8. Alexander Karminsky & Alexander Kostrov & Taras Murzenkov, 2012. "Comparison of default probability models: Russian experience," HSE Working papers WP BRP 06/FE/2012, National Research University Higher School of Economics.

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