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Competition in the Financial Sector - Barriers, Challenges, and Paths for Further Development: A Review of the Bank of Russia, NES, and HSE University Workshop

Author

Listed:
  • Anton Belyakov

    (Bank of Russia; Moscow School of Economics of Lomonosov Moscow State University)

  • Vadim Grishchenko

    (Bank of Russia; HSE University)

Abstract

In early July 2024, the 12th international seminar of the Bank of Russia, the New Economic School, and the Department of the Bank of Russia at the HSE University was held on the topic of 'Competition in the Financial Sector - Barriers, Challenges, and Paths for Further Development'. The seminar featured presentations focused on the assessment of competition in the Russian banking sector, the economic drivers of the dominance of large players in certain segments of the financial market, the impact of digitalisation and the development of ecosystems on competition in the financial sector, and the corresponding costs and benefits to society.

Suggested Citation

  • Anton Belyakov & Vadim Grishchenko, 2024. "Competition in the Financial Sector - Barriers, Challenges, and Paths for Further Development: A Review of the Bank of Russia, NES, and HSE University Workshop," Russian Journal of Money and Finance, Bank of Russia, vol. 83(3), pages 106-120, September.
    • Handle: RePEc:bkr:journl:v:83:y:2024:i:3:p:106-120
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    References listed on IDEAS

    as
    1. Allen N. Berger & Christa H. S. Bouwman, 2009. "Bank Liquidity Creation," The Review of Financial Studies, Society for Financial Studies, vol. 22(9), pages 3779-3837, September.
    2. Douglas W. Diamond & Raghuram G. Rajan, 2001. "Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking," Journal of Political Economy, University of Chicago Press, vol. 109(2), pages 287-327, April.
    3. Douglas W. Diamond & Raghuram G. Rajan, 2000. "A Theory of Bank Capital," Journal of Finance, American Finance Association, vol. 55(6), pages 2431-2465, December.
    4. H. I. Penikas, 2021. "Premium for implicit deposit insurance within Russian state banks," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 10.
    5. Rajan, Raghuram G, 1992. "Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt," Journal of Finance, American Finance Association, vol. 47(4), pages 1367-1400, September.
    6. Sharpe, Steven A, 1990. "Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships," Journal of Finance, American Finance Association, vol. 45(4), pages 1069-1087, September.
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    More about this item

    Keywords

    banking sector; competition; loans; deposits;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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