?
Political cycles and bank lending in Russia
Schoors K., Fungáčová Z., Solanko L., Weill L.
State-owned banks tend to increase lending before elections for the purpose of boosting the reelection odds of incumbent politicians. We employ monthly data on individual banks to study whether Russian banks increased their lending before presidential elections during 2004–2019, a period covering four presidential elections. In contrast to the literature, we find that both state-owned and private banks increased their lending before presidential elections. This result stands for all loans, as well as separately for firm and household loans. The pre-election lending surge is followed by a deterioration of loan quality the following year, indicating the lending increase was not driven by higher growth prospects or some positive economic shock. The effect is substantially greater for large banks and banks more involved in lending activities. Our main finding that all types of banks in Russia increase their lending before presidential elections supports the view that the authorities in an electoral autocracy like Russia can influence lending of both private and state-owned banks for political reasons.
Research target:
Economics and Management
Language:
English
Publication based on the results of:
М. : ИДВ РАН, 2016
The proceedings of the III International Scientific Conference of Young Orientalists, which was held at the Institute of Far Eastern Studies in November 2015, cover different aspects of the development of the countries of Northeast Asia and their cooperation with Russia. Particular attention is paid to the analysis of the current state and prospects of ...
Added: October 6, 2019
Safonov G., Korppoo A., Lugovoy O., Copenhagen : Nordic Council of Ministers, 2010
This report analyzes the development trends and conditions of the Russian economy, specifically its energy sector. It also reviews the projections of carbon emissions by 2020 and beyond in the context of the Russian government's scenarios of economic development. The second section of the report focuses on Russia's position in the negotiation process on a ...
Added: July 21, 2016
fgh g., Libman A., Post-Soviet Affairs 2015 Vol. 31 No. 4 P. 304-338
Corruption is widespread throughout the former Communist states, and it is particularly severe and entrenched in Russia. Despite the fact that Russia's contemporary corruption has recently become a subject of analysis, there is, however, no study that has addressed the role of the Communist legacy in the development of various aspects of corruption. This paper ...
Added: September 3, 2015
Georgiy Safonov, Yulia Safonova, Oxford : Oxfam, 2013
Climate change is already having a negative impact on agricultural production in Russia, especially grain production, since this sector is perhaps the most dependent on weather and climate factors. This report presents an economic evaluation of the impact of climate change on crop production at the national level and a long-term economic evaluation of the ...
Added: July 21, 2016
Proskuryakova L. N., Foresight 2017 Vol. 19 No. 2 P. 139-151
Purpose – The purpose of the study is to present and critically assess the outcomes of the Foresight study of the Russian energy sector, undertaken in 2014 in the course of a large-scale national Foresight exercise – ‘Science and Technology (S&T) Foresight 2030’.
Design/methodology/approach - Methods applied in the Foresight study include literature review, statistical, bibliometric ...
Added: January 25, 2017
Каримуллина А. В., Экономика в промышленности 2012 № 2 С. 23-31
Economic development of Singapore has become one of the vivid examples of transition of a developing country to the group of First World economies. Singapores economic success was achieved mainly due to the interventionist measures implemented by the government and embodied in industrial policy. This positive experience can be also of interest to Russia pursuing ...
Added: December 10, 2012
Россия в глобальном мире. Сборник научных трудов 10-й Всероссийской научно-теоретической конференции
СПб. : Издательство Политехнического университета, 2012
Сборник содержит материалы по проблематике: Россия в условиях глобального кризиса: внутренние и внешние угрозы; эволюция взглядов на роль государства в экономии; модель многополюсного мира; преемственность политической власти в России: история и современность; опыт управления развитием по пути национального проектирования; энергетическая безопасность Запада как вызов России; перспективы вступления России в ВТО: экспертные оценки и прогнозы; Россия ...
Added: February 14, 2013
Vernikov A. V., / Social Science Research Network. Series "SSRN Working Paper Series". 2013. No. 2223686.
This paper tries to assess some of the effects from industrial policy of growing state-controlled "national champions" in the Russian banking industry. We look at market concentration and competitiveness and average bank efficiency. A modified method of calculating the indicators of market concentration suggests that main segments of the market have crossed the threshold of high ...
Added: February 25, 2013
Gershman M., Karaulova M., / Manchester Institute of Innovation Research, University of Manchester. Series ES/J012785/1 "Emerging Technologies and Implications of Next Generation Innovation Systems Development in China and Russia". 2015.
Added: February 7, 2015
Safonov G., Clark W., Elkin D. et al., Russia direct, 2015
This report examines the changes happening in Russia ever since the issue of global warming was introduced on the global agenda. Only today, after the planet has experienced a variety of catastrophic natural disasters, have world leaders and decision makers grown more aware of the urgency of the problem. In Russia, where climate changes have ...
Added: July 27, 2016
Yakovlev A. A., Ivanov D., International Journal of Emerging Markets 2021 Vol. 16 No. 2 P. 347-369
This paper investigates the links between investment activity and personal contacts for small and medium-sized firms with public officials at the sub-national level in Russia. A list-experiment design, using a survey of 21,000 Russian firms in 2017, was used to evaluate the importance of personal connections with officials for conducting business. A total of 27% ...
Added: September 4, 2020
Zamulin O. A., Sosunov K. A., / ЦЭФИР и РЭШ. Series WP101-1 "Научные труды ЦЭФИР и РЭШ". 2007. No. 101.
The paper studies monetary policy in an economy, in which the manufacturing sector is ousted completely by the presence of a large natural resource industry. Thus, the economy produces only non-tradable goods, which can complement or substitute imported goods, and the primary shock to the economy comes from the ”uctuations in the world price of ...
Added: April 22, 2013
Lyashok V., / НИУ ВШЭ. Series WP BRP Series "Public and Social Policy". 2019. No. 22/PSP/2019.
This paper examines the impact of the 34% increase in pensions in Russia at the end of 2009 and the beginning of 2010 on the labor market participation of pensioners. Several particular features of the pension system in Russia allow us to estimate the net effect of income from such a reform. For evaluation, we ...
Added: August 8, 2019
Ostrovnaya M., Elena Podkolzina, Journal of Competition Law & Economics 2015 Vol. 11 No. 2 P. 331-352
Why do people violate the law? The Hobbesian outlook would be that people violate the law in the absence of appropriate punishment. John Stuart Mill would have attributed the violation to the lack of incentives to behave legally. In this paper, we combine these two factors to examine the effect of antitrust regulation on price ...
Added: October 21, 2014
М. : Русский сувенир, 2009
В коллективном исследовании особое внимание уделяется важнейшим элементам экономической безопасности, значение которых в сегодняшнем мире постоянно растёт. Вместе с ними рассмотрен комплекс социальных, правовых, экологических и иных проблем, в совокупности составляющих то, что можно назвать невоенными аспектами национальной и международной безопасности. ...
Added: April 13, 2013
Penikas H. I., Andrievskaya I. K., Model Assisted Statistics and Applications 2012 Vol. 7 No. 4 P. 267-280
According to the strategy of the banking system development until 2015, the Central Bank of Russia is going to implement Basel II Internal-Ratings-Based (IRB) approaches in 2015, while Basel III is planned to be introduced in full starting from 2019. Taking into account the effects of the Basel II regulation during the crisis 2008-2009, in ...
Added: November 6, 2012
Proskuryakova L. N., / National Research University Higher School of Economics. Series WP BRP "Basic research program". 2015. No. 44.
The Foresight study presented in this paper is devoted to the sustainable use of water resources in Russia. The authors analyse possible trajectories of development in the three thematic areas (i) sustainability of water systems; (ii) water use by households and in industry; and (iii) new water products and services.
The Foresight methods cover expert interviews ...
Added: August 31, 2015
Proskuryakova L. N., Ермоленко Г. В., М. : Издательский дом НИУ ВШЭ, 2017
В аналитическом докладе представлены результаты форсайт-проекта «Исследование глобальных вызовов и долгосрочных тенденций инновационного развития в сфере возобновляемых источников энергии», проведенного ИСИЭЗ НИУ ВШЭ при информационной и финансовой поддержке Группы компаний «Ренова».
Исследование было сфокусировано на трех тематических областях: преобразование энергии солнца в электрическую; преобразование энергии ветра в электрическую; преобразование энергетической биомассы в тепловую и электрическую энергию. ...
Added: April 4, 2017
Evgeniy Kutsenko, Ekaterina Islankina, Vasily Abashkin, Foresight 2017 Vol. 19 No. 2 P. 87-120
Purpose – This paper aims at assessing the impacts of the national cluster policy, cluster age, cluster development benchmarks of neighbouring regions and the cumulative level of regional innovative capacity on the quantity and quality of cluster initiatives in Russia. Design/methodology/approach – Hypotheses’ testing was carried out by a series of calculations comparing the qualitative ...
Added: May 15, 2017
Салимова Д. И., Khorkina N., Вопросы статистики 2017 № 5 С. 39-51
Population aging is a current demographic trend typical of most countries, including Russia. At the same time, the spread of universal access to information technology increases the number of Internet users including the elderly. Although information technology makes a positive overall impact on the social and labour activity of the elderly, the growing number of ...
Added: April 19, 2017
М. : Издательский дом НИУ ВШЭ, 2015
Текст доклада ориентирован прежде всего на то, чтобы, снабдив экспертное сообщество основанными на науч- ных исследованиях материалами по широкому кругу социальных проб лем, способствовать предметной и плодотворной дискуссии как в самой экспертной среде, так и между лидерами гражданского общества и теми, кто принимает решения от имени государства. ...
Added: January 12, 2016
Proskuryakova L. N., Technological Forecasting and Social Change 2017 Vol. 119 P. 205-210
This paper offers a novel comprehensive conceptualization of Energy Technology Foresight (ETF) in emerging economies, including development trajectories, key methodological tools and elements, major challenges and weaknesses. ETF allows the emerging economies to provide the basis for government's energy policy, to create a common vision among the various actors and to strengthen R&D and innovation ...
Added: June 20, 2016
Liudmila Zasimova, International Journal of Public Health 2019 Vol. 64 No. 3 P. 413-422
Objectives
The study examined the smokers’ non-compliance rates in indoor public places in Russia and the sociodemographic factors associated with non-compliance.
Methods
Univariate analysis and logistic regression models were performed using cross-sectional data from a representative sample of Russian adults (N = 4006).
Results
27.2% of Russian smokers did not comply with smoke-free bans. Non-compliance was attributed to sociodemographic characteristics of smokers, ...
Added: February 15, 2019
Salamon L. M., Benevolenski V., Jakobson L. I., Voluntas: International Journal of Voluntary and Nonprofit Organizations 2015 Vol. 26 No. 6 P. 2178-2214
This article seeks to unravel the dual realities represented by the juxtaposition of the recent series of harsh regulatory impositions on Russian nonprofit organizations and the nearly simultaneous enactment of a series of laws and decrees establishing an impressive “tool box” of positive support programs for a large class of the so-called socially oriented Russian ...
Added: September 18, 2015