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Development of the Banking Sector in Russia in 2011

Author

Listed:
  • Mikhail Khromov

    (Gaidar Institute for Economic Policy)

  • Alexey Vedev

    (Gaidar Institute for Economic Policy)

Abstract

The financial sphere of Russia was the first sector of the national economy which was affected by the global economic crisis of 2008. Financial markets were hit first and then the banking sector experienced the liquidity problem to be followed by a full-scale economic crisis in Russia. Early in 2011, all the factors pointed to the fact that the banking sector overcame the crisis, and it seemed the upward development began. The banking sector had at its disposal huge available resources for expansion of lending to the non-financial sector.

Suggested Citation

  • Mikhail Khromov & Alexey Vedev, 2012. "Development of the Banking Sector in Russia in 2011," Published Papers 122, Gaidar Institute for Economic Policy, revised 2012.
    • Handle: RePEc:gai:ppaper:122
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/122Vedev.pdf
    File Function: Revised version, 2012
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    More about this item

    Keywords

    Banking sector; Russian economy;

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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