National Champions and the Competitive Structure of the Russian Banking Market-Reference-Cited by-同舟云学术

National Champions and the Competitive Structure of the Russian Banking Market

Published:2013-03-20 Issue:3 Volume: Page:94-108
ISSN:0042-8736
Container-title:Voprosy Ekonomiki
language:
Short-container-title:Vopr. èkon.

Author:

Vernikov A.¹

Affiliation:

1. National Research University Higher School of Economics (Moscow, Russia); Institute of Economics, RAS (Moscow, Russia)

Abstract

We assess the effect that the industrial policy of growing state-controlled national champions in Russia had on concentration and competitiveness of the banking system in 2000—2012. A modified method of calculating the indicators of market concentration suggests that the main segments of the market have crossed the threshold of high concentration, whereas the household deposits market has approached a monopoly situation. Supremacy of public banks enhances their market power and enables collecting rent that boosts profitability. We suggest that Russia’s industrial policy in banking might be similar to that of China.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference25 articles.

1. Babayev S. (2010). Efficiency of State-owned Banks: The Case of Sberbank of Russia, PLC. Moscow.

2. Vernikov A. V. (2009). The Share of State-controlled Banks in the Russian Banking Industry // Dengi i Kredit. No 11. P. 4—14.

3. Konyagina M. N. (2011). Implementation of the Objective Functions of State-controlled Banks through Corporate Governance Mechanisms. St.Petersburg.

4. Tulin D. V. (2010). Stateowned Banks: Issues of Corporate Governance // Analiticheskiy Bankovskiy Zhurnal. No 4. P. 34—40.

5. Sprenger C. (2010). State Ownership in the Russian Economy. Part 1: Its Magnitude and Allocation Sector-wise // Zhurnal Novoy Ekonomicheskoy Associacii. No 6. P. 120—142.]

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