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Financial structure in Russia: Conclusions for state policy
https://doi.org/10.32609/0042-8736-2018-3-30-47
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.
Keywords
financial structure,
financial development,
economic growth,
estimated financial structure,
systemic risks,
financial inclusion,
inequality,
financial strategies
JEL: E44; G18; G20; O40
About the Authors
Y. A. Danilov
Russian Presidential Academy of National Economy and Public Administration; Faculty of Economics, Lomonosov Moscow State University
Russian Federation
Russian Federation
D. A. Pivovarov
Russian Presidential Academy of National Economy and Public Administration; Faculty of Economics, Lomonosov Moscow State University
Russian Federation
Russian Federation
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Review
For citations:
Danilov Y.A., Pivovarov D.A. Financial structure in Russia: Conclusions for state policy. Voprosy Ekonomiki. 2018;(3):30-47. (In Russ.) https://doi.org/10.32609/0042-8736-2018-3-30-47
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