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Financial structure in Russia: Conclusions for state policy

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  • Y. A. Danilov
  • D. A. Pivovarov

Abstract

The article examines the financial structure of Russia. A retrospective analysis of the concept of financial development in the world economic science was conducted. To calculate the quantitative characteristics of Russia’s financial structure, both the indicators from international practice and the original ones supplementing them were used. The analysis of the influence of the financial structure on economic growth was conducted, on the basis of which the conclusion was made about the need to implement state policy aimed at achieving an outstripping growth of the non-banking financial sector. The reasons for this conclusion are given in the discussion of the results.

Suggested Citation

  • Y. A. Danilov & D. A. Pivovarov, 2018. "Financial structure in Russia: Conclusions for state policy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 3.
    • Handle: RePEc:nos:voprec:y:2018:id:384
    DOI: 10.32609/0042-8736-2018-3-30-47
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