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Долгосрочное Банковское Кредитование: Какие Банки Им Занимаются И Почему?
[Which banks and why lend long-term in Russia?]

Author

Listed:
  • Vernikov, Andrei
  • Mamonov, Mikhail

Abstract

We study the determinants of longer-term bank lending to the real economy in Russia. Our empirical results confirm the «development view» of state-controlled banks who display the highest propensity to lend long-term. We control for such variables as cost of funding and the market power in the corporate loan market. The share of long-term loans in bank assets would benefit from a lower average cost of funds and a diversification of funding sources, as well as larger average size of banks, higher capital adequacy and a less risky lending policy.

Suggested Citation

  • Vernikov, Andrei & Mamonov, Mikhail, 2017. "Долгосрочное Банковское Кредитование: Какие Банки Им Занимаются И Почему?
    [Which banks and why lend long-term in Russia?]
    ," MPRA Paper 77160, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:77160
    as

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    File URL: https://mpra.ub.uni-muenchen.de/77160/1/MPRA_paper_77160.pdf
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    References listed on IDEAS

    as
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    5. Robert G. King & Ross Levine, 1993. "Finance and Growth: Schumpeter Might Be Right," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 717-737.
    6. Bertay, Ata Can & Demirgüç-Kunt, Asli & Huizinga, Harry, 2015. "Bank ownership and credit over the business cycle: Is lending by state banks less procyclical?," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 326-339.
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    8. Caprio, Gerard, Jr & Demirguc-Kunt, Asli, 1998. "The Role of Long-Term Finance: Theory and Evidence," World Bank Research Observer, World Bank Group, vol. 13(2), pages 171-189, August.
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Russia; bank lending; state-controlled banks;

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P2 - Economic Systems - - Socialist Systems and Transition Economies

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