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Современные тенденции развития финансового посредничества в России // Modern Trends in the Financial Intermediation in Russia

Author

Listed:
  • I. Bagautdinova V.

    (Ufa State Aviation Technical University)

  • G. Tokareva F.

    (Ufa State Aviation Technical University)

  • O. Shalina I.

    (Ufa State Aviation Technical University)

  • И. Багаутдинова В.

    (Уфимский государственный авиационный технический университет)

  • Г. Токарева Ф.

    (Уфимский государственный авиационный технический университет)

  • О. Шалина И.

    (Уфимский государственный авиационный технический университет)

Abstract

The purpose of the paper is to assess the actual situation in the financial intermediation sector in Russia and determine the quality of performance by financial institutions of the investment function. The subject of research concerns large Russian financial institutions (commercial banks, non-government pension funds, insurance companies and mutual investment funds) and their role in the economy. The paper describes a theoretical approach to the functions and role of financial intermediaries in the economy based on the modern theory of financial intermediation and the institutional theory. Banking financial institutions are dominant intermediaries in the financial market but they are characterized by high interest rates and the lack of a long-term resource base. Non-banking financial intermediaries have a small market share and as such do not have any significant impact on the conversion of savings to investments. Целями статьи являются оценка фактического состояния отрасли финансового посредничества в России и определение качества выполнения финансовыми институтами инвестиционной функции. Предмет исследования - крупные финансовые институты России (коммерческие банки, негосударственные пенсионные фонды, страховые компании и паевые инвестиционные фонды) и их роль в экономике. В статье раскрыт теоретический подход к функциям и роли финансовых посредников в экономике на основе современной теории финансового посредничества и институциональной теории. Банковские финансовые институты, являясь доминирующими посредниками на финансовом рынке, характеризуются высокими процентными ставками и недостатком долгосрочной ресурсной базы. Небанковские финансовые посредники занимают незначительную долю рынка и не оказывают существенного влияния на трансформацию сбережений в инвестиции.

Suggested Citation

  • I. Bagautdinova V. & G. Tokareva F. & O. Shalina I. & И. Багаутдинова В. & Г. Токарева Ф. & О. Шалина И., 2016. "Современные тенденции развития финансового посредничества в России // Modern Trends in the Financial Intermediation in Russia," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, vol. 9(5), pages 90-98.
    • Handle: RePEc:scn:econom:y:2016:i:5:p:90-98
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    References listed on IDEAS

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    1. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross & Maksimovic, Vojislav, 2000. "Financial structure and economic development - firm, industry, and country evidence," Policy Research Working Paper Series 2423, The World Bank.
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