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National Champions and the Competitive Structure of the Russian Banking Market

Author

Listed:
  • A. Vernikov.

Abstract

We assess the effect that the industrial policy of growing state-controlled national champions in Russia had on concentration and competitiveness of the banking system in 2000—2012. A modified method of calculating the indicators of market concentration suggests that the main segments of the market have crossed the threshold of high concentration, whereas the household deposits market has approached a monopoly situation. Supremacy of public banks enhances their market power and enables collecting rent that boosts profitability. We suggest that Russia’s industrial policy in banking might be similar to that of China.

Suggested Citation

  • A. Vernikov., 2013. "National Champions and the Competitive Structure of the Russian Banking Market," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 3.
  • Handle: RePEc:nos:voprec:2013-03-7
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    Citations

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    Cited by:

    1. Belousova, Veronika & Karminsky, Alexander & Kozyr, Ilya, 2018. "Bank ownership and profit efficiency of Russian banks," BOFIT Discussion Papers 5/2018, Bank of Finland, Institute for Economies in Transition.
    2. repec:nea:journl:y:2017i:33:p:44-74 is not listed on IDEAS
    3. Anna Kruglova & Yulia Ushakova, 2017. "Effect of Banking Sector Resolution on Competition and Stability," Bank of Russia Working Paper Series wps22, Bank of Russia.
    4. Mamonov, Mikhail, 2015. "Microeconomic modification of an industry-wide Boone indicator: Market power of Russian banks revisited," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 39(3), pages 18-44.
    5. repec:ris:apltrx:0339 is not listed on IDEAS

    More about this item

    Keywords

    Russia; state-owned banks; public sector; industrial policy; market structure; HHI.;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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