Процентная политика российских банков на рынке вкладов населения

M V Leonov; M N Glukhova

doi:10.22213/2413-1172-2018-1-47-49

Authors

M. V. Leonov Kalashnikov ISTU
M. N. Glukhova Kalashnikov ISTU

DOI:

https://doi.org/10.22213/2413-1172-2018-1-47-49

Keywords:

banking regulation, interest policy, retail deposit market, financial stability, Russian banking system

Abstract

Strengthening supervision over the commercial banks activities in the deposit market is one of the most controversial issues among banking professionals and practitioners in Russia. The paper discusses the main factors determining the interest rate policy of Russian banks in the retail deposit market. The authors systematized the characteristics of the banking system development in Russia. Based on market data, the characteristics of the retail deposit market are summarized, as well as the results of the econometric analysis of the effect of maximum rates on individual performance indicators of commercial banks. The authors justify the need to revise the approaches to regulating the interest rate policy of banks.

Author Biographies

M. V. Leonov, Kalashnikov ISTU

PhD in Economics

M. N. Glukhova, Kalashnikov ISTU

References

Gambacorta L. How do banks set interest rates? // European Economic Review. 2008. Vol. 52, no. 5. Pp. 792-819.

Hutchison D. E., Pennacchi G. G. Measuring rents and interest rate risk in imperfect financial markets: The case of retail bank deposits // Journal of Financial and Quantitative Analysis. 1996. Vol. 31, no. 3. Pp. 399-417.

Hilscher J., Raviv A. Bank stability and market discipline: The effect of contingent capital on risk taking and default probability // Journal of Corporate Finance. 2014. Vol. 29. Pp. 542-560.

Hannan T. H. Market share inequality, the number of competitors, and the HHI: An examination of bank pricing // Review of Industrial Organization. 1997. Vol. 12, no. 1. Pp. 23-35.

Santos J. A. C. Bank capital regulation in contemporary banking theory: A review of the literature // Financial Markets, Institutions & Instruments. 2001. Vol. 10, no. 2. Pp. 41-84.

Barth J. R., Caprio Jr G., Levine R. Bank regulation and supervision: what works best? // Journal of Financial intermediation. 2004. Vol. 13, no. 2. Pp. 205-248.

Baker M., Wurgler J. Do strict capital requirements raise the cost of capital? Bank regulation, capital structure, and the low-risk anomaly // American Economic Review. 2015. Vol. 105, no. 5. Pp. 315-320.