A cross-country comparative analysis of the Russian financial sector model

被引：2

作者：

Stolbov, Mikhail I. ^{[1
]}

Goloshchapova, Irina O. ^{[2
,3
,4
]}

Solntsev, Oleg G. ^{[4
,5
,6
]}

Akhmetov, Renat R. ^{[4
,5
,6
]}

Pankova, Vera A. ^{[4
,5
,6
]}

Tsepilova, Elizaveta A. ^{[4
,5
,6
]}

机构：

[1] Moscow State Inst Int Relat, Moscow, Russia

[2] X5 Retail Grp, Moscow, Russia

[3] Lomonosov Moscow State Univ, Moscow, Russia

[4] Ctr Macroecon Anal & Short Term Forecasting, Moscow, Russia

[5] RAS, Inst Econ Forecasting, Moscow, Russia

[6] Natl Res Univ, Higher Sch Econ, Moscow, Russia

来源：

VOPROSY EKONOMIKI | 2018年 / 05期

关键词：

financial development; comparative analysis of financial systems; cluster analysis; emerging markets; Russia;

D O I：

10.32609/0042-8736-2018-5-5-24

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, based on a cross-country analysis, the authors distil different models of the financial sector, which are characterized by peculiar interrelations among size, structure, efficiency, stability, inclusion and the institutional quality of financial development. Against this backdrop, the model of the Russian financial sector is described. To identify the financial sector models, cluster analysis involving the EM algorithm with a Bayesian extension is performed on a vast sample of countries. The analysis allows setting key long-term indicators of the Russian financial sector development, taking into consideration its potential of transition to the cluster of more financially advanced economies.

引用

页码：5 / 24

页数：20

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