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Complex of Indicators of the Financial Structure
[Комплекс Показателей Финансовой Структуры]

Author

Listed:
  • Yury A. Danilov

    (Lomonosov Moscow State University)

Abstract

The article proposes a set of indicators of the financial structure. This set of indicators is built on the basis of an approach that takes into account significant changes in the financial structure of the world’s largest economies, including Russia, after 2008. Taking into account that the share of non-banking financial institutions has sharply increased within the framework of the financial structure, it is advisable to move from a two-tier form of presentation of the financial structure («banks – financial markets») to a three-tier one («banks – non-banking financial institutions – financial markets»). The proposed set of indicators can become a methodological basis for applied analysis of the financial structure in various countries of the world, including Russia, as well as at the global level.

Suggested Citation

  • Yury A. Danilov, 2023. "Complex of Indicators of the Financial Structure [Комплекс Показателей Финансовой Структуры]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 63-70, May.
    • Handle: RePEc:gai:recdev:r2341
    as

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    References listed on IDEAS

    as
    1. Asli Demirgüç-Kunt & Erik Feyen & Ross Levine, 2013. "The Evolving Importance of Banks and Securities Markets," The World Bank Economic Review, World Bank, vol. 27(3), pages 476-490.
    2. Asli Demirguc-Kunt & Ross Levine (ed.), 2004. "Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262541793, April.
    3. Thorsten Beck & Asli Demirgüç-Kunt & Ross Levine, 2010. "Financial Institutions and Markets across Countries and over Time: The Updated Financial Development and Structure Database," The World Bank Economic Review, World Bank, vol. 24(1), pages 77-92, January.
    4. Beck, Thorsten & Levine, Ross, 2002. "Industry growth and capital allocation:*1: does having a market- or bank-based system matter?," Journal of Financial Economics, Elsevier, vol. 64(2), pages 147-180, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial structure; financial markets; banking sector; non-banking financial institutions; credit organizations; institutional investors;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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