Description: Banking Sector Competition in Russia

Banking Sector Competition in Russia

The Russian banking sector includes approximately 1,000 banks, but is it competitive? This paper analyzes bank competition in Russia during 2002-2008. The authors examine indicators of concentration and contestability, and compute non-structural me...

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Bibliographic Details
Main Authors:	Anzoategui, Diego, Martinez Peria, Maria Soledad, Melecky, Martin
Language:	English
Published:	2012
Subjects:	ACCESS TO FINANCE ASSET MANAGEMENT AUCTIONS BALANCE SHEET BANK ASSETS BANK COMPETITION BANK FAILURES BANK INSOLVENCY BANK LICENSING BANK MANAGEMENT BANK MERGERS BANK OF CANADA BANK REGULATION BANK REGULATIONS BANK REHABILITATION BANK SUPERVISION BANKING INDUSTRY BANKING LAW BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKS BARRIER BARRIER TO ENTRY BARRIERS TO ENTRY BUDGETARY SUPPORT BUSINESS LENDING CAPITAL FLIGHT CAPITAL MARKETS CAPITAL REQUIREMENT CAPITAL REQUIREMENTS COLLATERAL COMMERCIAL BANKING CONSOLIDATED SUPERVISION CONSOLIDATION COST OF CAPITAL COUNTRY COMPARISON COUNTRY COMPARISONS CREDIT COOPERATIVES CREDIT INSTITUTION CREDIT INSTITUTIONS CREDITORS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPING COUNTRIES DISTRESSED BANKS DISTRIBUTION OF DIVIDENDS DOMESTIC BANKS ECONOMICS EMERGING ECONOMIES EMERGING MARKET EMERGING MARKETS EMPIRICAL ANALYSIS EMU EQUITY CAPITAL EUROPEAN CENTRAL BANK FAIR VALUE FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL ASSISTANCE FINANCIAL COSTS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL FRAGILITY FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCING NEEDS FOREIGN BANK FOREIGN BANKS FOREIGN EXCHANGE FOREIGN OWNERSHIP GROSS REVENUES GROUP OF BANKS INPUT PRICE INPUT PRICES INSOLVENT BANKS INSURANCE AGENCY INSURED DEPOSITS INTEREST EXPENSES INTEREST INCOME INTERNATIONAL BANK INTERNATIONAL FINANCIAL MARKETS LEGAL REQUIREMENTS LIQUIDATION LIQUIDITY MACROECONOMIC CONDITIONS MARGINAL COST MARGINAL COSTS MARKET STRUCTURE MARKET TRANSPARENCY MONEY LAUNDERING MONEY MARKET MONOPOLY OUTPUT OUTPUTS OWNERSHIP RIGHTS PERSONNEL EXPENSES POTENTIAL INVESTORS PRIVATE BANKS PRIVATE SECTOR DEVELOPMENT PROBLEM BANKS PRUDENTIAL REGULATION PRUDENTIAL REGULATION AND SUPERVISION PRUDENTIAL REGULATIONS RATES OF INTEREST REGIONAL BANKS RESERVE BANK OF INDIA RETURN ON ASSETS RIGHTS OF SHAREHOLDERS SAVINGS SAVINGS BANKS SECURITIES SHARE OF ASSETS SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDERS SOLVENCY SUBSIDIARY SUNSET CLAUSE SUPERVISORY FRAMEWORK TAX TAX RETURN TREASURIES UNION
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101019133226 http://hdl.handle.net/10986/3932

Description
Summary:	The Russian banking sector includes approximately 1,000 banks, but is it competitive? This paper analyzes bank competition in Russia during 2002-2008. The authors examine indicators of concentration and contestability, and compute non-structural measures of competition. They compare competition in Russia to that in Brazil, China, and India, and contrast competition across different groups of banks within Russia. Contestability in Russia is obstructed by uneven supervisory practices and an unclear exit process. Non-structural measures reveal that banks in Russia are less competitive than those in Brazil. Within Russia, large banks and state-owned banks exert more market power than the smaller and privately-owned institutions. Finally, business-oriented banks are more competitive than those concentrating on lending to individuals.

Banking Sector Competition in Russia

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