IDEAS home Printed from
   My bibliography  Save this paper

Analysis of the Level of Development of the Financial System in the Russian Federation
[Анализ Уровня Развития Финансовой Системы В Российской Федерации]


  • Trunin, Pavel (Трунин, Павел)

    () (Russian Presidential Academy of National Economy and Public Administration (RANEPA))


After a detailed analysis of the empirical and theoretical studies aimed at understanding the mutual financial and economic development, and to identify relevant indicators of financial development, by which researchers are studying the impact of the financial sector to other indicators in the work carried out a thorough analysis of the banking system in the Russian Federation. On the basis of the "Russian monitoring the economic situation and public health" excuse analysis awareness, involvement in public confidence in the banking system of the Russian Federation for the period 2006-2012. With these "Bulletin of Banking Statistics", supplemented by the data of the Federal State Statistics Service of enterprises and population, conducted a detailed study of the banking activity in regions of the Russian Federation for the period 2001-2013. It focuses on the analysis of the number of banks and branches represented in different regions, the dynamics of deposits and debt, including arrears. After the analysis is constructed integral indicator of financial development of the regions, on the basis of which the comparison is made between the regions and study the dynamics of financial development in them.

Suggested Citation

  • Trunin, Pavel (Трунин, Павел), 2015. "Analysis of the Level of Development of the Financial System in the Russian Federation
    [Анализ Уровня Развития Финансовой Системы В Российской Федерации]
    ," Published Papers mn38, Russian Presidential Academy of National Economy and Public Administration.
  • Handle: RePEc:rnp:ppaper:mn38

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Demirguc, Asli & Huizinga, Harry, 1999. "Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence," World Bank Economic Review, World Bank Group, vol. 13(2), pages 379-408, May.
    2. Johnson, Arthur M., 1976. "Black Men and Businessmen: The Growing Awareness of a Social Responsibility. By Steven M. Gelber. National University Publications, Series in American Studies. Port Washington, New York and London: Ke," The Journal of Economic History, Cambridge University Press, vol. 36(3), pages 751-752, September.
    3. Arestis, Philip & Demetriades, Panicos O & Luintel, Kul B, 2001. "Financial Development and Economic Growth: The Role of Stock Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(1), pages 16-41, February.
    4. Bekaert, Geert & Harvey, Campbell R. & Lundblad, Christian, 2001. "Emerging equity markets and economic development," Journal of Development Economics, Elsevier, vol. 66(2), pages 465-504, December.
    5. Sanford J. Grossman & Joseph E. Stiglitz, 1980. "Stockholder Unanimity in Making Production and Financial Decisions," The Quarterly Journal of Economics, Oxford University Press, vol. 94(3), pages 543-566.
    6. J. A. Mirrlees & P. Diamond, 1982. "Social Insurance with Variable Retirement and Private Saving," Working papers 296, Massachusetts Institute of Technology (MIT), Department of Economics.
    7. Nicola Cetorelli & Michele Gambera, 2001. "Banking Market Structure, Financial Dependence and Growth: International Evidence from Industry Data," Journal of Finance, American Finance Association, vol. 56(2), pages 617-648, April.
    8. Ross Levine & Norman Loayza & Thorsten Beck, 2002. "Financial Intermediation and Growth: Causality and Causes," Central Banking, Analysis, and Economic Policies Book Series, in: Leonardo Hernández & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.), Banking, Financial Integration, and International Crises, edition 1, volume 3, chapter 2, pages 031-084, Central Bank of Chile.
    9. George Fane & Ross H.McLeod, 2002. "Banking Collapse and Restructuring in Indonesia, 1997-2001," Cato Journal, Cato Journal, Cato Institute, vol. 22(2), pages 277-295, Fall.
    10. King, Robert G., 1986. "Money and business cycles: Comments on Bernanke and related literature," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 25(1), pages 101-115, January.
    11. Oliver Williamson, 1994. "Research Needs and Opportunities in Transaction Cost Economics," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 1(1), pages 45-46.
    12. Atje, Raymond & Jovanovic, Boyan, 1993. "Stock markets and development," European Economic Review, Elsevier, vol. 37(2-3), pages 632-640, April.
    13. Guiso, Luigi & Sapienza, Paola & Zingales, Luigi, 2003. "People's opium? Religion and economic attitudes," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 225-282, January.
    14. Acemoglu, D, 1996. "Good Jobs Versus Bad Jobs : Theory and Some Evidence," Working papers 96-33, Massachusetts Institute of Technology (MIT), Department of Economics.
    15. Alan Budd, 1986. "The 1986 Budget and macroeconomic policy," Fiscal Studies, Institute for Fiscal Studies, vol. 7(2), pages 21-32, May.
    16. Stijn Claessens & Luc Laeven, 2005. "Financial Dependence, Banking Sector Competition, and Economic Growth," Journal of the European Economic Association, MIT Press, vol. 3(1), pages 179-207, March.
    17. Marianne Bertrand & Antoinette Schoar & David Thesmar, 2007. "Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985," Journal of Finance, American Finance Association, vol. 62(2), pages 597-628, April.
    18. Cho, Young-Hee & Duncan Luce, R. & Truong, Lan, 2002. "Duplex decomposition and general segregation of lotteries of a gain and a loss: An empirical evaluation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 89(2), pages 1176-1193, November.
    19. Martin Martens & Dick van Dijk & Michiel de Pooter, 2004. "Modeling and Forecasting S&P 500 Volatility: Long Memory, Structural Breaks and Nonlinearity," Tinbergen Institute Discussion Papers 04-067/4, Tinbergen Institute.
    20. Christopoulos, Dimitris K. & Tsionas, Efthymios G., 2004. "Financial development and economic growth: evidence from panel unit root and cointegration tests," Journal of Development Economics, Elsevier, vol. 73(1), pages 55-74, February.
    21. Kwang-Iel Kim & Donggen Li & Zhenzi Jiang & Xing Ji Cui & Luchun Lin & Jiang Ju Kang & Kang Kyu Park & Eun Kee Chung & Chul Kyu Kim, 1993. "Schizophrenic Delusions Among Koreans, Korean-Chinese and Chinese: a Transcultural Study," International Journal of Social Psychiatry, , vol. 39(3), pages 190-199, September.
    22. Dant, Rajiv P. & Nasr, Nada I., 1998. "Control techniques and upward flow of information in franchising in distant markets: conceptualization and preliminary evidence," Journal of Business Venturing, Elsevier, vol. 13(1), pages 3-28, January.
    23. Morten Fjeld & Martin Morf & Helmut Krueger, 2004. "Activity theory and the practice of design: evaluation of a collaborative tangible user interface," International Journal of Human Resources Development and Management, Inderscience Enterprises Ltd, vol. 4(1), pages 94-116.
    24. Thorsten Beck & Asli Demirguc-Kunt, 2005. "Law and Firms' Access to Finance," American Law and Economics Review, Oxford University Press, vol. 7(1), pages 211-252.
    25. Geert Bekaert & Campbell R. Harvey & Angela Ng, 2005. "Market Integration and Contagion," The Journal of Business, University of Chicago Press, vol. 78(1), pages 39-70, January.
    26. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2001. "Law, politics, and finance," Policy Research Working Paper Series 2585, The World Bank.
    27. Jith Jayaratne & Christine Hall, 1996. "Consolidation and competition in Second District banking markets," Current Issues in Economics and Finance, Federal Reserve Bank of New York, issue jul.
    28. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross & Maksimovic, Vojislav, 2000. "Financial structure and economic development - firm, industry, and country evidence," Policy Research Working Paper Series 2423, The World Bank.
    29. Garnett Bradford, 1996. "Robison, Lindon J., and Peter J. Barry. Present Value Models and Investment Analysis. Northport AL: The Academic Page, 1996, xiv + 661 pp., $49.00 cloth," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 1141-1143.
    30. Bencivenga, Valerie R & Smith, Bruce D, 1997. "Unemployment, Migration, and Growth," Journal of Political Economy, University of Chicago Press, vol. 105(3), pages 582-608, June.
    31. Szostak, Rick, 1998. "The Defining Moment: The Great Depression and the American Economy in the Twentieth Century. Edited byMichael D. Bordo, Claudia Goldin, andEugene N. White · Chicago: University of Chicago Press, 1998," Business History Review, Cambridge University Press, vol. 72(2), pages 345-347, July.
    32. Rose, James D., 1999. "Ravenswood: The Steelworkers' Victory and the Revival of American Labor. By Tom Juravich and Kate Bronfenbrenner. Ithaca: Cornell University Press, 1999. xi + 245 pp. Illustrations, index, and notes. ," Business History Review, Cambridge University Press, vol. 73(4), pages 750-752, January.
    33. Baker, George & Gibbs, Michael & Holmstrom, Bengt, 1993. "Hierarchies and compensation: A case study," European Economic Review, Elsevier, vol. 37(2-3), pages 366-378, April.
    34. Rasiah, Rajah, 2004. "Technological Intensity and Export Incidence: A Study of Foreign and Local Auto-Parts, Electronics and Garment Firms in Indonesia," UNU-INTECH Discussion Paper Series 05, United Nations University - INTECH.
    35. Jürgen Backhaus, 1998. "Law and Economics, Vol. 1. Theorectical and Methodological Foundations, Vol. II. Contracts Torts and Criminal Law, Vol. III. Other Areas in Private and Public Law. Richard A. Posner," European Journal of Law and Economics, Springer, vol. 5(3), pages 291-293, May.
    36. Levine, Alan, 1998. "Seeds of Virtue and Knowledge. By Maryanne Cline Horowitz. Princeton, NJ: Princeton University Press, 1998. 373p. $49.50," American Political Science Review, Cambridge University Press, vol. 92(4), pages 932-933, December.
    37. repec:iab:iabmit:v:35:i:1:p:7-36 is not listed on IDEAS
    38. Sridhar Balasubramanian, 1998. "Mail versus Mall: A Strategic Analysis of Competition between Direct Marketers and Conventional Retailers," Marketing Science, INFORMS, vol. 17(3), pages 181-195.
    39. Geweke, John & Meese, Richard & Dent, Warren, 1983. "Comparing alternative tests of causality in temporal systems : Analytic results and experimental evidence," Journal of Econometrics, Elsevier, vol. 21(2), pages 161-194, February.
    40. repec:ant:ecsots:v:44:y:1990:i:3:p:475-497 is not listed on IDEAS
    41. Baltagi, Badi H., 1992. "Sampling Distributions and Efficiency Comparisons of OLS and GLS in the Presence of Both Serial Correlation and Heteroskedasticity," Econometric Theory, Cambridge University Press, vol. 8(02), pages 304-305, June.
    42. Central Bank of Chile Working Group for the 11th APEC Finance Ministers’ Meeting, 2004. "Institution Building in a World of Free and Volatile Capital Flows: A Case Study of Chile," Economic Policy Papers Central Bank of Chile 12, Central Bank of Chile.
    43. Dionne, Georges & Eeckhoudt, Louis & Gollier, Christian, 1993. "Relatively weak increases in risk and their comparative statics," Economics Letters, Elsevier, vol. 41(3), pages 269-272.
    Full references (including those not matched with items on IDEAS)

    More about this item


    financial system; Russian Federation; banking system;

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ppaper:mn38. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RANEPA maintainer). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.