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 -