Study of the concentration of the banking sector in the Russian Federation

Kate Arkhipova () and Maria Besedovskaya ()
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Kate Arkhipova: Department of Economics, Lomonosov Moscow State University
Maria Besedovskaya: Department of Economics, Lomonosov Moscow State University

No 44, Working Papers from Moscow State University, Faculty of Economics

Abstract: The Russian banking sector is strictly regulated by the Central Bank of Russia to ensure the stability of the financial system. Launched in 2013, the revocation of licenses from banks for too risky lending policies, money laundering and suspicious transactions led to a sharp reduction in market participants. On the one hand, this has led to an increase in the stability of the Russian banking system, and on the other hand, to an increase in the monopolization of the industry, which may lead to a drop in the efficiency of the sector. The work evaluates the current concentration of the Russian banking sector and determines the market structure of this market. To do this, a systematic approach to the analysis of the sector was applied, the dynamics of key concentration indices was 2 analyzed, and the Panzar-Ross industry monopolization indicator was calculated. The results obtained (high concentration indexes and low Panzar-Ross market power) indicate the presence of a "tough oligopoly in a competitive environment" in the sector.

Keywords: Banking sector; market power; competition; oligopoly; concentration (search for similar items in EconPapers)
JEL-codes: G18 G21 L13 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2022-11
New Economics Papers: this item is included in nep-cis and nep-com
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Persistent link: https://EconPapers.repec.org/RePEc:upa:wpaper:0044

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