The Impact of State-Controlled Banks on the Russian Banking Sector
Bibliographic Data
| ID | 12777563 |
|---|---|
| Authors | Andrei Vernikov (0000-0003-1561-9458, National Research University Higher School of Economics, corresponding author) |
| Year | 2012 |
| Volume | 53 |
| Issue | 2 |
| Pages | 250-266 |
| Publication date | 2012-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Eurasian Geography and Economics (JOURNAL) |
| Journal identifiers | ISSN: 1538-7216 • E-ISSN: 1938-2863 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.2747/1539-7216.53.2.250 |
| OpenAlex | W2001945372 |
| Language | EN |
| Citations received | 4 |
| References cited | 21 |
A senior Russian economist examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2011. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector. Keywords: RussiaRussian banksgovernment controlstate-owned bankspublic sectorbank assetsbank depositsbank loansChinese banksprivate banks
Balance (ability · Balance sheet · Business · China · Corporate governance · Economics · Economy · Emerging markets · Financial system · Government (linguistics · Market economy · Planned economy · Political science · Position (finance · Profitability index · Public sector · State (computer science · State ownership · Banking stability, regulation, efficiency · Global Financial Crisis and Policies · Russia and Soviet political economy · Finance
| Unique citing works | 4 |
|---|---|
| Citations per year | 0.29 |
| Citation span | 2012 - 2024 (13) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |