Financial structure in Russia: Conclusions for state policy-Reference-Cited by-同舟云学术

Financial structure in Russia: Conclusions for state policy

Published:2018-03-28 Issue:3 Volume: Page:30-47
ISSN:0042-8736
Container-title:Voprosy Ekonomiki
language:
Short-container-title:Vopr. èkon.

Author:

Danilov Y. A.¹,Pivovarov D. A.¹

Affiliation:

1. Russian Presidential Academy of National Economy and Public Administration; Faculty of Economics, Lomonosov Moscow State University

Abstract

The article examines the financial structure of Russia. A retrospective analysis of the concept of financial development in the world economic science was conducted. To calculate the quantitative characteristics of Russia’s financial structure, both the indicators from international practice and the original ones supplementing them were used. The analysis of the influence of the financial structure on economic growth was conducted, on the basis of which the conclusion was made about the need to implement state policy aimed at achieving an outstripping growth of the non-banking financial sector. The reasons for this conclusion are given in the discussion of the results.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference26 articles.

1. Vedev A. L. (2014). Main characteristics of dynamics and structure of Russia’s financial and banking sphere at different stages of contemporary development (1999—2012). Moscow: Delo. (In Russian).

2. Vedev A. L., Drobyshevskiy S. M., Sinelnikov-Murylev S. G., Khromov M. Yu. (2014). Acute problems of banking sphere development in Russian Federation. Ekonomicheskaya Politika, No. 2, pp. 7—24. (In Russian).

3. Vedev A. L., Danilov Yu. A. (2012). Forecast of RF financial markets development to 2020. Moscow: Gaydar Institute Publ. (In Russian).

4. Danilov Yu. A. (2016). Strategic planning of financial market development in RF. Preprint. Moscow: RANEPA. (In Russian).] Available at SSRN: https://ssrn.com/abstract=2965930

5. Danilov Yu. (2017a). Disbalances of Russian financial system and the possibility of their overcoming. Ekonomicheskoe Razvitie Rossii, No. 4, pp. 58—68. (In Russian).

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