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Comparative Analysis of the Depositor Rights’ Protection Systems in the Russian Federation and the Republic of Belarus

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  • Olesya V. Kononenko

    (Academy of the Ministry of Internal Affairs of the Republic of Belarus)

  • Marina V. Chudinovskikh

    (Ural State University of Economics)

Abstract

The research aims to develop recommendations on improving the depositor protection system on the basis of a comparative research of regulations, statistics of banking sectors in the Russian Federa? tion and the Republic of Belarus. Methodologically the research relies on theoretical propositions of the public finance theory. At the first stage of the research, the authors studied the regulations that form a legal basis of the deposit insurance system in the Russian Federation and the Republic of Belarus. The second stage involved the analysis of statistical data of the Central Bank of Russia and Deposit Insurance Agency to investigate the possibility to increase insurance coverage in the Russian Federation to the level guaranteed by the Belorussian regulations. At the third stage, the authors put forward suggestions about improvement of banking regulations in Russia, and considered possibilities of increasing insurance cov? erage, covering the deposits of legal entities, and guaranteeing reimbursement of deposits on the basis of alternative insurance mechanisms. Theoretical and practical significance of the research lies in the field of justifying legislative initiatives that target the improvement of depositor rights’ protection and harmo? nization of banking activities in the Russian Federation and the Republic of Belarus.

Suggested Citation

  • Olesya V. Kononenko & Marina V. Chudinovskikh, 2018. "Comparative Analysis of the Depositor Rights’ Protection Systems in the Russian Federation and the Republic of Belarus," Journal of New Economy, Ural State University of Economics, vol. 19(5), pages 32-43, October.
    • Handle: RePEc:url:izvest:v:19:y:2018:i:5:p:32-43
    DOI: 10.29141/2073-1019-2018-19-5-3
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    References listed on IDEAS

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    1. Suhal Kusairi & Nur Azura Sanusi & Abdul Ghafar Ismail, 2018. "Dilemma of deposit insurance policy in ASEAN countries: Does it promote banking industry stability or moral hazard?," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 18(1), pages 33-40, March.
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    3. Li, Guo & Shaffer, Sherrill, 2015. "Reciprocal brokered deposits, bank risk, and recent deposit insurance policy," The North American Journal of Economics and Finance, Elsevier, vol. 33(C), pages 366-384.
    4. Boyle, Glenn & Stover, Roger & Tiwana, Amrit & Zhylyevskyy, Oleksandr, 2015. "The impact of deposit insurance on depositor behavior during a crisis: A conjoint analysis approach," Journal of Financial Intermediation, Elsevier, vol. 24(4), pages 590-601.
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    6. Bergbrant, Mikael C. & Campbell, Kaysia T. & Hunter, Delroy M. & Owers, James E., 2016. "Does deposit insurance retard the development of non-bank financial markets?," Journal of Banking & Finance, Elsevier, vol. 66(C), pages 102-125.
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    More about this item

    Keywords

    currency integration; currency union; Eurasian economic space; integration between Russia and Armenia;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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