Russian Banking System: Stability Factors in the Wake of 2008-2009 Crisis

19 Pages Posted: 7 Dec 2012

See all articles by Andrey Zubarev

Andrey Zubarev

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research; Gaidar Institute for Economic Policy

Date Written: December 6, 2012

Abstract

This paper discusses different approaches to theoretical and empirical models of bank defaults. Through constructed binary probabilistic models of defaults the paper reveals key factors which have an impact on the viability of Russian banks during the financial crisis of 2008 to 2009. Policy recommendations of the Central Bank of Russia and the banking supervision and regulation aimed at preventing bank defaults in the event of such crises in the future are formulated based on the model results.

Keywords: bank default, financial crisis, binary models, policy of the Central Bank of Russia

JEL Classification: E41, E51, E58, G21, G24 G28, H12

Suggested Citation

Zubarev, Andrey, Russian Banking System: Stability Factors in the Wake of 2008-2009 Crisis (December 6, 2012). Available at SSRN: https://ssrn.com/abstract=2186117 or http://dx.doi.org/10.2139/ssrn.2186117

Andrey Zubarev (Contact Author)

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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