Dangers and Opportunities for the Russian Banking Sector: 2007-2008

THE BANKING CRISIS HANDBOOK, Chapman & Hall/CRC Finance, pp. 383-405, 2010

55 Pages Posted: 13 Aug 2010

See all articles by Alexander Kudrov

Alexander Kudrov

National Research University Higher School of Economics

Andrew Zlotnik

affiliation not provided to SSRN

Dean Fantazzini

Moscow School of Economics, Moscow State University; National Research University Higher School of Economics

Date Written: August 11, 2010

Abstract

The Russian banking system is in its worst crisis since 1998, a fact made particularly evident by the collapse in share prices for every financial service company, together with the fall of Russian stock markets. However, differently from 1998, the banking system finds itself in a better position thanks to the previous macroeconomics boom, which lasted almost ten years. The highly fragmented structure of the banking sector still relies heavily on state banks, but the contribution by foreign banks as well as local private banks has increased steadily in the last years. We discuss the major improvements and weaknesses that currently characterize the Russian banking system, together with systemic risk, which still plays the major role in such a market.

Keywords: Crisis, Banking, Russia, Debt Structure, Systemic risk, Risk Management, Banking crisis, Forecasting, Default Probability

JEL Classification: G01, G21, G32

Suggested Citation

Kudrov, Alexander and Zlotnik, Andrew and Fantazzini, Dean, Dangers and Opportunities for the Russian Banking Sector: 2007-2008 (August 11, 2010). THE BANKING CRISIS HANDBOOK, Chapman & Hall/CRC Finance, pp. 383-405, 2010. Available at SSRN: https://ssrn.com/abstract=1657030

Alexander Kudrov

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Andrew Zlotnik

affiliation not provided to SSRN

Dean Fantazzini (Contact Author)

Moscow School of Economics, Moscow State University ( email )

GSP-2, Leninskie Gory
Moscow, 119992
Russia
+7 495 5105256 (Phone)
+7 495 5105267 (Fax)

HOME PAGE: https://sites.google.com/site/deanfantazzini/

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

HOME PAGE: http://www.hse.ru/org/persons/11532644

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