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State Anti-Crisis Management of Banking Sector: Looking for Optimization Ways and Contemporary Development Trends

Author

Listed:
  • Dudin, Mihail Nikolaevich

    (Russian academy of Entrepreneurship)

  • Sekerin, Vladimir Dmitriyevich

    (Moscow state university of mechanical engineering)

  • Smirnova, Olga Olegovna

    (The Council for the study of productive forces under Ministry of Economic Development of the Russian Fedration and the Russian Academy of Sciences (SOPS))

  • Frolova, Åvgenia Åvgenevna

    (Far Eastern Federal University)

  • Sepiashvili, Ekaterina Nikolaevna

    (Moscow State University of Technology and Management)

Abstract

The article examines topical issues related to the formation of an effective monetary policy as an element to ensure stability of the banking sector under the conditions of the economic crisis. During the research, the following basic conclusions were drawn. The nature and content of the state anti-crisis management in the banking sector is considered, taking into account current and future changes in the global development of the world economy. The state anti-crisis management in the banking sector should be primarily focused on the control and minimization of the key risks of sustainable national socio-economic development. This is achieved through the systematic use of the monetary policy instruments. Instruments for banking sector regulation are systematized with due consideration of the monetary policy targeting. The choice of instruments for regulating the banking sector, as a rule, is discretionary, thus, the state, represented by bodies of power, when forming approaches to the implementation of effective monetary and macroprudential policies, aimed at ensuring the stability of the banking sector during the economic crisis, should take into account the investment and innovative character of the real economy sector development, as well as social and legal relations in society. Through the buildup of sustainable socio-economic development, as well as the systematization of the regulatory treatment of the banking sector on the basis of monetary policy optimization, author proposes to further improve the development of financial systems of the state as a whole, and the banking sector in particular on the basis of the triple helix model (universities-state-business).In relation to the banking sector, adaptation of the triple helix model means reforming the tripartite institutional interaction by replacement of the real sector with the banking sector, and the public sector – with central bank and the macroprudential oversight bodies.

Suggested Citation

  • Dudin, Mihail Nikolaevich & Sekerin, Vladimir Dmitriyevich & Smirnova, Olga Olegovna & Frolova, Åvgenia Åvgenevna & Sepiashvili, Ekaterina Nikolaevna, 2015. "State Anti-Crisis Management of Banking Sector: Looking for Optimization Ways and Contemporary Development Trends," Published Papers d154, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:ppaper:d154
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    References listed on IDEAS

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    7. Dudin, Mikhail & Prokofiev, Mikhail & Fedorova, Irina & Frygin, Aleksandr, 2014. "The World Experience of Transformation of Innovative Approaches to Assurance of Financial Stability of Social Economic Systems," Published Papers dud8, Russian Presidential Academy of National Economy and Public Administration.
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    Cited by:

    1. Mihail Nikolaevich Dudin & Nikolay Vasilievich Lyasnikov & Konstantin Yurievich Reshetov & Olga Olegovna Smirnova & Nataliya Vladimirovna Vysotskaya, 2018. "Economic Profit as Indicator of Food Retailing Enterprises' Performance," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 468-479.

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    More about this item

    Keywords

    banking sector; economic crisis; systemic banking crisis; anti-crisis public management; monetary policy; macroprudential regulation; the triple helix model;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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