Structural features and interest-rate dynamics of Russia's interbank lending market

Alexey Egorov and Olga Kovalenko

No 23/2013, BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT)

Abstract: Russian banks exhibit a range of behaviors that have led to distinct segmentation within the interbank lending market. This paper provides an overview of the core groups of banks operating in the market (state banks, private banks, and foreign-owned banks), as well as a discussion of their assets and liability structures. The 2007-2010 financial crisis had considerable impact on the Russian financial sector. As conditions deteriorated and recovered in global money markets, Russian banks adjusted their behavior with respect to other domestic banks and foreign banks. We conduct a comparative analysis of the Russian inter-bank lending market structure in the pre-crisis period and during recovery to reveal the tactical shifts in the various bank groups.

Keywords: interbank markets; Russia; interest rates (search for similar items in EconPapers)
JEL-codes: C22 E43 E44 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofitp:bdp2013_023

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