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National Champions and the Competitive Structure of the Russian Banking Market
https://doi.org/10.32609/0042-8736-2013-3-94-108
Abstract
We assess the effect that the industrial policy of growing state-controlled national champions in Russia had on concentration and competitiveness of the banking system in 2000—2012. A modified method of calculating the indicators of market concentration suggests that the main segments of the market have crossed the threshold of high concentration, whereas the household deposits market has approached a monopoly situation. Supremacy of public banks enhances their market power and enables collecting rent that boosts profitability. We suggest that Russia’s industrial policy in banking might be similar to that of China.
About the Author
A. Vernikov
National Research University Higher School of Economics (Moscow, Russia); Institute of Economics, RAS (Moscow, Russia)
Russian Federation
Russian Federation
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Review
For citations:
Vernikov A. National Champions and the Competitive Structure of the Russian Banking Market. Voprosy Ekonomiki. 2013;(3):94-108. (In Russ.) https://doi.org/10.32609/0042-8736-2013-3-94-108
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