Research output: Chapter in Book/Report/Conference proceeding › Chapter › Research › peer-review
Spatial aspects of the Russian banking system: Transformation and access to credit for small Russian firms. / Ageeva, Svetlana; Mishura, Anna.
Geofinance between Political and Financial Geographies: A Focus on the Semi-Periphery of the Global Financial System. Edward Elgar Publishing Ltd., 2019. p. 120-137.Research output: Chapter in Book/Report/Conference proceeding › Chapter › Research › peer-review
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TY - CHAP
T1 - Spatial aspects of the Russian banking system: Transformation and access to credit for small Russian firms
AU - Ageeva, Svetlana
AU - Mishura, Anna
N1 - The research for this chapter was carried out with the plan of research work of IEIE SB RAS, project XI.172.1.1.(0325-2019-0006), `Integration and interaction of sectoral systems and markets in Russia in its Eastern regions: limitations and new opportunities', No. AAAA-A17-117022250132-2.
PY - 2019/1/1
Y1 - 2019/1/1
N2 - This chapter examines the role of the Russian banking system in allocating financial resources across national regions. The past two decades have witnessed declines in the number of Russian banks. The outcome of this is troubling as it has resulted in a Moscow-centred and state-orientated banking system where large banking networks thrive at the expense of private smaller and regional banks. Information from the Central Bank of Russia (CBR) is analysed to highlight the role of Moscow-based banking networks in lending to regional economies outside Moscow. From this it may be inferred that the inequalities of the Russian economy are reinforced by the banking system, particularly because it is a system in which large network banks, headquartered mainly in Moscow, provide a regular flow of financial resources from the capital to meet the lending needs of other regions. Effects of ‘flight to home’ and ‘flight to quality’ transfers following the crisis period after 2014, highlight the vulnerabilities of small and medium-sized enterprises (SMEs).
AB - This chapter examines the role of the Russian banking system in allocating financial resources across national regions. The past two decades have witnessed declines in the number of Russian banks. The outcome of this is troubling as it has resulted in a Moscow-centred and state-orientated banking system where large banking networks thrive at the expense of private smaller and regional banks. Information from the Central Bank of Russia (CBR) is analysed to highlight the role of Moscow-based banking networks in lending to regional economies outside Moscow. From this it may be inferred that the inequalities of the Russian economy are reinforced by the banking system, particularly because it is a system in which large network banks, headquartered mainly in Moscow, provide a regular flow of financial resources from the capital to meet the lending needs of other regions. Effects of ‘flight to home’ and ‘flight to quality’ transfers following the crisis period after 2014, highlight the vulnerabilities of small and medium-sized enterprises (SMEs).
UR - http://www.scopus.com/inward/record.url?scp=85087976645&partnerID=8YFLogxK
UR - https://elibrary.ru/item.asp?id=45448635
U2 - 10.4337/9781789903850.00015
DO - 10.4337/9781789903850.00015
M3 - Chapter
AN - SCOPUS:85087976645
SN - 9781789903843
SP - 120
EP - 137
BT - Geofinance between Political and Financial Geographies
PB - Edward Elgar Publishing Ltd.
ER -
ID: 24784541