Main Characteristics of the Development and Structure of the Russian Financial and Bank System at Various Levels of Modern Development (1999-2012)

Alexey Vedev

Working Papers from Gaidar Institute for Economic Policy

Abstract: Evolution of the Russian bank system separates into several stages in the aftermath of the 1998 systemic crisis. Each of the stages is characterized by different external parameters and direct strategies of implementation: monetary policy, funds borrowing, financial markets development. At each of the stages structure of the institutional financial flows was changing. Analysis of the development stages of the Russian economy and its financial sphere is presented not only and not so much in the context of evolution description. Each of the stages represents economic development model ( however, far from a full one). Main issue is the selection of the economic development model for Russia in the current decade. Economic development ideally should be accompanied by not structural disproportions nut, on the contrary, improvement of the structure of institutional financial flows envisaging ability of the national financial system promote sustainable development and counteract external shocks.

Keywords: Russian economy; financial system; bank system; economic development (search for similar items in EconPapers)
JEL-codes: E21 E41 E51 E58 G21 (search for similar items in EconPapers)
Pages: 84 pages
Date: 2014, Revised 2015
New Economics Papers: this item is included in nep-cis and nep-mac
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https://www.iep.ru/files/RePEc/gai/wpaper/119Vedev.pdf Revised version, 2015 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:wpaper:119

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