Transformation of the Structure of the Russian Banking Sector: The Impact on Regional Development

Introduction. Inconsistency of the governmental regulatory impact on the socio-economic processes is one of the destructive factors in the increasing asymmetry of regional development. The decisions taken in the sphere of financial market regulation have provoked large-scale structural and quantitative changes in the banking system. The purpose of this study is to assess the impact of the occurred transformation on regional development and to analyze the possibilities of reducing gaps in the volume of banking services provided in Russia’s regions as well as in the level of their socio-economic development. Materials and Methods. The study was conducted on the basis of data from the Central Bank of the Russian Federation and the Federal State Statistics Service. The results of the banking system transformation and the possible impact of the changes on regional development were assessed using the methods of scientific knowledge. When working with the empirical material, the methods of comparison, measurement and evaluation were used. Results. The authors have identified gaps in the level of socio-economic development of Russia’s regions. For a long time, a number of regions have demonstrated limited opportunities for self-development and to fulfil their potential. The acuteness of this problem can be smoothed out by the tools of bank regulation (e.g. lending). After the decrease in the number of regional banks, the banking services market has seen steady signs of oligopoly with a marked decline in price competition. Negative effects of this decline have been increasing at the regional level. Discussion and Conclusion. Regional socio-economic dynamics demonstrate high sensitivity to the reduction in the number of regional banks operating independently as well as to the decline in price competition in the banking services market. It is important that the regional component be taken into account in regulatory practices, including that applicable to the banking sector. Preservation of the regional segment of this system will help to solve a lot of problems at the local level and thus make a significant contribution to overcoming the gaps in the socio-economic development of the regions. The results of this study will be useful to managers of the Central Bank of Russia, as well as to regional and local authorities.

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THE ROLE OF THE CENTRAL BANK IN THE FUNCTION OF IMPROVEMENT OF LIQUIDITY OF BANKING SECTOR IN BOSNIA AND HERZEGOVINA

НОВИ ЕКОНОМИСТ ◽

10.7251/noe1824008m ◽

2019 ◽

Vol 12 (24) ◽

Author(s):

Goran Mitrović ◽

Živko Erceg

Keyword(s):

Monetary Policy ◽

Central Bank ◽

Bosnia And Herzegovina ◽

Banking Sector ◽

Banking System ◽

Policy Instruments ◽

Foreign Banks ◽

Dayton Agreement ◽

The Impact

The monetary policy of Bosnia andHerzegovina is rather limited because it is basedon the principles of a currency boardcharacterized by the impossibility of implementingthe basic monetary policy instruments incomparison with the monetary policy of theEuropean Union. However, the constant presenceof European integrations should point the need fora more drastic change in the monetary policy ofBosnia and Herzegovina. By entering theEuropean Monetary Union (EMU), the monetaryterritory of Bosnia and Herzegovina will becomeone of the branches of the European Central Bank(ECB). In addition, it is not difficult to concludewhy the Law about the Central Bank of Bosnia andHerzegovina has been adopted with the first lawsof the Dayton Agreement, if it is known that thelargest part of the banking system, and thereforethe financial market, is owned by foreign banks.This work will point out the significance of theCentral Bank of Bosnia and Herzegovina, as oneof the most important factors for maintaining thepermanent liquidity of the banking sector inBosnia and Herzegovina. The possibilities andlimitations of the Central Bank of Bosnia andHerzegovina will be determined, with theassumption of macroeconomic sustainability overa longer period of time. The need of reforming thebanking system in Bosnia and Herzegovina will beanalyzed through the constant implementation ofthe Basel standards with the increasingparticipation of foreign banks in the Bosnia andHerzegovina. It will be determined the impact ofthe implementation of the Basel III in the bankingindustry in Bosnia and Herzegovina and itsconsequences on the banking and economicsystem.models, on the ways of financing theelimination of adverse consequences of naturaldisasters.

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Assessing the Determinants of Adoption of M-Banking by Students

Advances in Business Information Systems and Analytics - Business Analytics and Cyber Security Management in Organizations ◽

10.4018/978-1-5225-0902-8.ch009 ◽

2016 ◽

pp. 120-136

Author(s):

Gazal Punyani ◽

Sourabh Sharma

Keyword(s):

Banking Sector ◽

Service Providers ◽

Banking Industry ◽

Banking System ◽

Study Data ◽

Mobile Banking ◽

Banking Services ◽

Technology Adoption Model ◽

Adoption Model ◽

The Impact

Technology is entwined in almost every part of one's lives. Today's students are using more technology than ever before. Information technology has revolutionized every industry and especially the banking industry. Tremendous improvements in technology have taken place in the Indian banking sector. Among all, Mobile Banking (m-banking) is the recent phenomenon that changed country's banking system. Students, being considered as most technically knowledgeable make most use of mobile banking services among all the banking customers. Therefore, the focus is particularly towards the young students engaging in m-banking services and to evaluate the factors that influence them to adopt m-banking. The study considers extended Technology Adoption Model (TAM) to measure the impact of the factors on adoption of m-banking. For the study, data was collected through questionnaire from 217 students of Western Rajasthan. The result of this research would provide valuable information to service providers in order to improve their m-banking services.

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Factors Influencing Private Customers′ Trust in Internet Banking: Case of Latvia

Economics and Culture ◽

10.1515/jec-2017-0005 ◽

2017 ◽

Vol 14 (1) ◽

pp. 50-57

Author(s):

Viktorija Skvarciany

Keyword(s):

Banking Sector ◽

Scientific Literature ◽

Banking System ◽

Internet Banking ◽

Banking Services ◽

Correlation And Regression Analysis ◽

The Past ◽

Factors Influencing ◽

The Impact ◽

Vital Factor

Abstract Banking sector has developed and extended the usage of online services in the past decade. In fact, nowadays, Internet-based banking services dominate over other historically provided alternatives. This article discusses private clients′ trust in Internet banking in Latvia. The model of trust in Internet banking was developed based on four factors, distinguished in the scientific literature. They are provided information, bank’s characteristics, ebanking system and website of a bank. Hence, the goal of the research is to measure the impact of distinguished factors on trust in Internet banking. In order to determine how these attributes affect private customers′ trust, correlation and regression analysis were applied. The results showed that the most vital factor affecting private clients’ trust in Internet banking is e-banking system. What is more, it was found that provided information is a statistically insignificant factor and, hence, it was removed from the model. Respondents, being private customers, limit the breadth of study, thus the results do not reflect companies’ trust in Internet banking.

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The impact of the COVID-19 pandemic on the financial and consumption behavior of the Russian people

Finance and Credit ◽

10.24891/fc.26.10.2252 ◽

2020 ◽

Vol 26 (10) ◽

pp. 2252-2267

Author(s):

E.A. Razumovskaya ◽

D.Yu. Razumovskii

Keyword(s):

Economic Development ◽

Central Bank ◽

Financial Behavior ◽

Federal State ◽

Sverdlovsk Oblast ◽

Consumption Behavior ◽

Socio Economic Development ◽

The Impact ◽

Working Hypotheses ◽

Governmental Control

Subject. We herein examine changes in the financial and consumption behavior of people overcoming the crisis situation due to the COVID-19 pandemic. Hence, we analyzed a corpus of official statistics and the outcome of sociological surveys and prepared a questionnaire to carry out central studies on the Sverdlovsk Oblast and verified our working hypotheses. Objectives. The study outlines trends in the financial and consumption behavior of people overcoming crisis situations caused by the COVID-19 pandemic. Methods. The inductive analysis is a key applied method of research with respect to the outcome of the sociological surveys of the Federal State Statistics Service and NAFI analytical centre, which were methodologically adapted from techniques of the Central Bank and the OECD countries. Results. We verified the hypothesis that the consumption and financial behavior of people influences the socio-economic development. The article also demonstrates that the governmental control over the economy has an impact on the consumer demand. Conclusions and Relevance. We verified our hypotheses on changes in the financial and consumption behavior of people during the economic turmoil and justify our conclusion that there is a correlation between the consumption and financial behavior of people and the socio-economic development of the nation.

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The impact of the banking system concentration level and the pandemic on the Georgian banking sector

Economics ecology socium ◽

10.31520/2616-7107/2021.5.1-3 ◽

2021 ◽

Vol 5 (1) ◽

pp. 24-32

Author(s):

Ana Guruli

Keyword(s):

Economic Development ◽

Banking Sector ◽

Concentration Level ◽

Negative Impact ◽

Banking System ◽

Banking Market ◽

National Bank ◽

Small Banks ◽

The Government ◽

The Impact

Introduction. The importance of the banking sector is vital for the economic development of any country, since it is the main structural unit of monetary use, which plays the greatest role in the development of the state. As in all markets, we are faced with competition in the banking market, which is characterized by certain specifics, since the main product is money that cannot be replaced by other goods, and the main purpose of competition is to gain an advantage among agents operating in the same market, which is reflected in the final profit. The more the banking market develops and the more diversified the services offered to clients, the more the role of competition in the banking sector increases. The spread of the pandemic not only impeded the development of healthy competition, but also called into question the normal functioning and development of the banking sector. Aim and tasks. The aim of the study is to determine the level of competition in the Georgian banking sector by the method of identifying total assets and net loans, which aims to identify the causes of the market concentration level and find solutions, as well as to determine and assess the shock effects of the pandemic, because The pandemic period has become an even bigger challenge for the Georgian banking sector, where most of the market players occupy a small volume of the market, the National Bank of Georgia is actively trying to keep up with the challenges, and in order to mitigate the negative impact caused by the pandemic Results. The results of the study showed the monopoly functioning of the market, which is an obstacle to the development of a competitive market, resulting in unhealthy functioning of the market and the development of a flexible banking system, which ultimately negatively affects the stability of the country's economic development. As for the post-pandemic situation, it has been dealt with quite positively in Georgia, with the management of loan and deposit portfolios successfully managed through a temporary supervisory plan developed by the government, which has not been followed by outflow of funds from banks and loan portfolio mismanagement. Conclusions. In conclusion, it should be noted that in a highly concentrated market, small banks should be promoted with various legislative benefits, which will lead to competition, it is possible to impose a so-called "Capital tax", which implies high demands on capital, it will allow small banks to develop in a healthy competitive environment. Despite the fact that no bank was disrupted during the virus shock in Georgia, the financial result was so unfavorable, it was damaged, the main reason for which was the provision of possible losses on loans, which amounted to a total of 1.22 billion GEL, the National Bank of Georgia is actively trying to keep up with the challenges.

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DEVELOPMENT OF THE BANKING SECTOR OF UKRAINE IN THE SPACE OF FORMATION OF DESTRUCTIVE CONSEQUENCES OF THE INFLUENCE OF THE GLOBAL FINANCIAL AND ECONOMIC CRISES: ECONOMIC AND LEGAL ASPECTS

THE BULLETIN ◽

10.32014/2021.2518-1467.19 ◽

2021 ◽

Vol 389 (1) ◽

pp. 137-145

Author(s):

V. Y. Vovk ◽

Yu.V. Zhezherun ◽

V.G. Kostohryz ◽

V. О. Maliarova

Keyword(s):

Economic Development ◽

Financial Markets ◽

Economic Crisis ◽

Global Economy ◽

Banking Sector ◽

Banking System ◽

Negative Consequences ◽

Economic Crises ◽

The World ◽

The Impact

The article examines the impact of globalization on the development of the world and national economic systems. The high probability of a global economic recession due to the coronavirus outbreak is projected to have significant consequences for both the global economy and the economy of Ukraine. Due to the probable change in the structure of the world economy and logistics, there is a growing need to study the risks of the national banking system, which demonstrates a high dependence on global financial markets. The peculiarities of the manifestation of financial and economic crises in the conditions of turbulence of the international financial markets and strengthening of financial instability have been considered. The causes and consequences of crises in the banking sector of Ukraine have been studied. The analysis of macroeconomic indicators of economic development of Ukraine during 2006-2019 with identifying of crisis periods has been carried out. Particular attention has been paid to the study of the preconditions for the emergence and consequences of the global financial and economic crisis for the economy of Ukraine in general and the banking sector in particular. Indicators that characterize the degree of penetration of the banking system into the economy of Ukraine have been analyzed, that will determine the features of crises at different stages of socio-economic development and conduct a comparative assessment of anti-crisis measures of the NBU aimed at stabilizing the banking sector. Taking into account the fact that the causes of financial and economic crises are not identical, measures used during the Global Financial and Economic Crisis of 2007-2011 cannot be taken to overcome the negative consequences of the Coronacrisis of 2020. Regulatory aspects of the banking system in times of crisis have been systematized. An attempt to predict the possible development of events in the domestic banking sector in the context of the Coronacrisis of 2020 has been made. The purpose of the article is to study the development trends of the banking sector of Ukraine in the space of formation of the destructive consequences of the global financial and economic crises and to determine the main directions of anti-crisis regulation of banking.

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FINTEH IN THE FINANCIAL SYSTEM OF INCLUSIVENESS

WORLD OF FINANCE ◽

10.35774/sf2018.04.110 ◽

2018 ◽

pp. 100-120 ◽

Cited By ~ 1

Author(s):

Bohdan LUTSIV

Keyword(s):

Economic Development ◽

Financial Services ◽

Banking Sector ◽

Banking System ◽

Inclusive Development ◽

Social Orientation ◽

Inclusive Growth ◽

Market Demand ◽

The World ◽

The Impact

Introduction. The middle of 2000 years witness the shift in traditional economic development models to the concept of inclusive growth. The significant stratification of society and the growth of the share of the poor population due to financial and economic crises are the prerequisites for changing the paradigm of economic development of countries. According to the index of inclusive economic development (IDI) of 2018, published on the website of the World Economic Forum, Ukraine ranks 43rd among 74 developing countries. The introduction of the latest financial technologies in the banking system in recent years has significantly improved the qualitative characteristics of financial inclusiveness. The financial services market has radically changed. The boom of Finteh-startups is supported by smartphone population and penetration into all spheres of society of the fast Internet society. The purposeof the article is to assess the impact of financial technologies on the inclusive development of Ukraine in terms of banking sector cooperation with startup companies on the financial services market. Results. Concepts on the further development of the world economy in the long-term perspective are considered. Based on the analysis of modern economic literature, key points of inclusive growth are identified. In this context, the focus of the study is on financial inclusiveness. The emphasis is on strengthening the financial inclusiveness of the population in the adopted Strategy of the NBU by 2020. The most current trends of FinTeh in the world are described and the factors of development of FinTeh in Ukraine are analyzed. The given feature is the latest types of Finteh start-ups, challenges for the development of the FinTeh-market in Ukraine. Conclusions. The development of scientific thought and understanding of the transformation of social processes led to the transition from the concept of economism growth to the concept of inclusive development. The concept of inclusive development of the country is only part of the scientific discourse. Financial inclusiveness has not only financial but also social orientation. In Ukraine, FinTeh is in its infancy, the development of which is supported by a variety of initiatives and activities of the NBU. Given the current market demand, FinTeh solutions that are focused on financial inclusiveness and the mass market have the greatest potential for growth.

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Monetary policy collision on the performance of banking sector in India

Vilakshan - XIMB Journal of Management ◽

10.1108/xjm-11-2020-0200 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Belavadi Nikhil ◽

Shivakumar Deene

Keyword(s):

Monetary Policy ◽

Public Sector ◽

Central Bank ◽

Interest Rates ◽

Banking Sector ◽

Banking System ◽

Economic Situation ◽

Content Type ◽

Public Sector Banks ◽

The Impact

Purpose The study aims to identify the impact of monetary policy tools on the performance of banks in India, and this could be an excellent suggestion to the regulators in framing the favourable interest rates which would meet the macroeconomic objectives of the Indian economy. Design/methodology/approach The design adopted in this study is descriptive and analytical research. Correlation and regression analysis is used to determine the relationship between bank rate (BR) and the performance of public sector banks in India. The sample chosen for this study is the public sector banks actively performing in India. Findings The performance is measured by taking three factors, and they are deposits, loans and advances (L&A) and total asset value of the banks. All three factors have shown an impact of BR on them during the five years. L&A affected the least amongst the three factors, but the other two were significantly impacted by the change in BR by the Reserve Bank of India. So, there should be a favourable fluctuation in the BR which will bring flexibility in the banking system, and they can perform well in the economy and the central bank also can concentrate on the macro-economic situation in the country. Originality/value This paper helps in giving suggestions to the Central bank, researchers, financial institutions to look into the financial performance and monetary policy rates and the central bank also can concentrate on the macro-economic situation in the country.

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Impact of the Digital Economy on the Banking Sector

E3S Web of Conferences ◽

10.1051/e3sconf/202015904033 ◽

2020 ◽

Vol 159 ◽

pp. 04033 ◽

Cited By ~ 1

Author(s):

Oleg Litvishko ◽

Kamar Beketova ◽

Bibigul Akimova ◽

Assem Azhmukhamedova ◽

Gulnara Islyam

Keyword(s):

Theoretical Basis ◽

Banking Sector ◽

Banking Industry ◽

Banking System ◽

Banking Services ◽

Foreign Experience ◽

Banking Activity ◽

The World ◽

Main Factors ◽

The Impact

In the article innovations in banking and foreign experience of digitalization studies. Catalyst of banking activity main factors of development of banking innovations considered as. The study allows us to set the boundaries of the digital banking model, determine the specific features of its activities and banking services to deepen the understanding of the subjects of the banking system of modern features of the development of the banking industry allows. Presented materials identification of the level of development of banking services for orientation and theoretical basis, it may be the digitalization of banking processes in terms of the impact of their activities on the transformation credit organizations and banking systems of countries around the world aimed at improving efficiency promotes coordination.

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Local Taxes Efficiency in the Context of Regional Socio-Economic Development

Mechanism of an economic regulation ◽

10.21272/mer.2021.92.07 ◽

2021 ◽

Vol 2021 (2) ◽

pp. 66-75

Author(s):

Yaryna V. Samusevych ◽

Yuliia O. Sergienko ◽

Bhola Khan

Keyword(s):

Economic Development ◽

Regional Development ◽

Local Governments ◽

Panel Data Analysis ◽

Ordinary Least Squares ◽

Regression Equations ◽

Local Taxes ◽

Tax Revenues ◽

Socio Economic Development ◽

The Impact

Development of regions is one of the priority areas of state regional policy, which purpose is to create appropriate conditions for dynamic, balanced socio-economic development of Ukraine and regions, improving living standards, ensuring compliance with state-guaranteed social protection for each citizen and elimination of main regional imbalances. Ensuring competitiveness and socio-economic development of regions is a prerequisite for growth in the local and national economies. The impact of increasing the financial autonomy of local governments primarily depends on their financial provision. One of the primary sources of local revenues is local taxes and fees, which enhance the efficiency of using budget instruments for the socio-economic development of administrative units. The main contribution of the research lies in the testing of the hypothesis of existing relationship processes between local taxes and indicators of regional development based on panel data analysis for all regions of Ukraine using the regression model in Stata SE and MS Excel. The research period covers 2018–2020. The dataset includes parameters of local tax revenues and indicators of regional development. To substantiate the role of local taxes in regional development, a set of hypotheses about the relationships between local tax revenues and regional development dynamics were specified. In the process of calculations, 18 regression equations (ordinary least squares panel regression method) were created, which allow estimating the impact of local taxes on the general indicators of regional development. Calculations results proved that local taxes have a significant positive effect on ensuring the growth in regional social and economic development indicators. This creates a background for enhancing the financial capacity of local budgets due to the improvements in the local tax system.

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