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Оценка чувствительности банковских систем России и Бразилии к макроэкономическим шокам
The paper compares the influence of macroeconomic factors on the financial stability of the banking systems of Russia and Brazil using SVAR modeling in 2000-2020. It is commonly believed that the economies of Russia and Brazil are similar, but the study revealed significant differences in their banking systems. The Russian banking system has proven to be more resilient, while the macroeconomic environment has a more significant impact on the Brazilian banking sector. Russia's monetary policy has proven to be more effective, with the Central Bank of Russia acting as a mega-regulator, which contrasts with the role of the Central Bank of Brazil, whose influence on the financial stability of the banking system is limited. The greatest influences on banking systems are unemployment rates, inflation, the volume of credit to the private sector, and the real effective exchange rate.