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Measuring Heterogeneity in Banks’ Interest Rate Setting in Russia
Emerging Markets Finance and Trade. 2022. Vol. 58. No. 14. P. 4103–4119.
We use credit registry data on all corporate loans issued by Russian banks since 2017 to decompose bank interest spreads into a common factor, borrower- and lender-specific components. We find that the variation in loan rates associated with lender-specific factors (heterogeneity of banks) and borrower-specific factors (heterogeneity of borrowers) is substantial. We use the bank-specific components identified to measure the fragmentation of the corporate credit market in Russia. The results indicate that heterogeneity in banks’ interest rate setting is high and increased in the early stage of the pandemic. Finally, our results suggest that banks tightened non-interest loan conditions during the pandemic.
Kozlov N., Semenova M., Journal of Corporate Finance Research 2026 Vol. 20 No. 2 P. 108–135
This paper introduces a novel approach to identifying and operationalizing political connections of banks. We manually code 2,598 bankers who owned or worked in 115 Russian banks between 2015 and 2021 to classify political connections and uncover their institutional patterns through cluster analysis. We propose a set of variables that capture the origins, relevance, and ...
Added: July 6, 2026
Grebnev L., Вопросы философии 2025 № 6 С. 105–116
The relevance of the topic is related to the fact that after the complete abandonment of real values in the 1970s of the main means of international settlements - the US dollar – there is a growing feeling that money increasingly represents an illusory reality. The article begins with an analysis of the illusions associated ...
Added: July 6, 2026
Volkova N., Кочетков Н. В., Чикер В. А., Психологическая наука и образование 2026 Т. 31 № 3 С. 35–49
Context and relevance. Artificial intelligence is a technology with the potential to fundamentally transform all spheres of human life. Its rapid integration into everyday reality intensifies research dedicated to the psychology of using neural networks. However, the development of empirical research in the Russian scientific field is limited by the lack of validated psychodiagnostic tools that ...
Added: July 5, 2026
Ershova N. V., Журнал институциональных исследований 2026 Т. 18 № 2 С. 82–97
This article, based on a survey data from 1,860 Russian manufacturing enterprises, analyzes the
scale of enterprise participation in science-industry collaboration (SIC), defines the characteristics of
enterprises that are more actively involved in SIC, and identifies regional institutional factors that
contribute to increased enterprise participation in SIC using correlation analysis. It is shown that
Russian manufacturing firms are very ...
Added: July 3, 2026
Podrugina A., Романова В. А., Пространственная экономика 2026 Т. 22 № 2 С. 56–85
Исследование посвящено анализу институциональных усилий развивающихся стран по дедолларизации и укреплению роли национальных валют. На основе систематизации теоретических подходов к интернационализации валют авторы разрабатывают новый аналитический инструмент – Индекс институционального развития финансового рынка в национальных валютах. Методология индекса охватывает четыре ключевых направления политики: использование валюты в международных расчетах, создание валютных своп-линий между центральными банками, развитие ...
Added: July 3, 2026
Anikeev K., AlterEconomics (ранее - Журнал экономической теории) 2026 Т. 23 № 2 С. 410–428
This study empirically tests the deposit channel hypothesis, which holds that increases in deposit markups cause liquidity outflows from the banking sector and a contraction in credit supply. The central question is whether deposit substitution effects, whereby depositors shift funds to other financial instruments during monetary tightening, are reflected in banks’ balance sheets and aggregate ...
Added: July 2, 2026
Kuzminov Y., Koshel A., Kruchinskaia E. et al., BRICS Law Journal 2026 Vol. 13 No. 2 P. 5–36
Today’s economy is undergoing a fundamental institutional shift in which digital ecosystems have emerged not only as a key driver of development but also as a critical condition for market access for billions of users. Despite the rapid global proliferation of these phenomena, the evolution of legal regulation—from e-commerce and data protection to antitrust oversight ...
Added: July 2, 2026
Kuzminov Y., Kruchinskaia E., Россия в глобальной политике 2026 Т. 24 № 4 С. 92–109
В статье анализируется структурный разрыв между увеличивающейся когнитивной нагрузкой и снижающейся отдачей от неё. Подход, при котором развитие научных и образовательных школ, ориентированных на тренировку суждения, может стать альтернативой количественному наращиванию вычислительных мощностей, которое служит основной стратегией Китая и США. Применительно к России традиция фундаментального образования и сильных исследовательских школ приобретает в новых условиях значение ...
Added: July 1, 2026
Saakyan T. V., Барабанова Ю. В., Финансовый журнал 2026 Т. 18 № 3 С. 110–121
In this article the authors aim to determine the place and role of methodological guidelines within the system regulating internal state financial control. The research holds both theoretical and applied significance, as a scholarly interpretation of this issue has not been previously undertaken and its examination will enable the full potential of the studied methodological ...
Added: July 1, 2026
Федорова В. С., Zavertiaeva M. A., Экономический журнал Высшей школы экономики 2026 Т. 30 № 2 С. 276–312
Crowdfunding is a relatively new method of project financing that involves raising funds from a large number of non-professional investors. Despite the rapid growth of this sector, only about 41.98% of crowdfunding campaigns are successful, which highlights the need to identify factors that increase the likelihood of successful fundraising. This study aims to address the ...
Added: July 1, 2026
Emelyanova O., Murashkin N., Asia Europe Journal 2025 Vol. 23 No. 4 P. 239–261
The goal of this article is to trace the evolution of Japan’s role in Southeast and South Asian political economy in the 2000s–2010s to understand how Japan’s previously established network power in Asian supply chains has changed amid much-discussed power shifts in the region. The increasing number of emerging and rising regional powers induces Japan ...
Added: June 30, 2026
Kuzina O. E., Моисеева Д. В., Абдураманов А. Я., Russian Journal of Economics 2026 Vol. 2 No. 12 P. 251–273
This paper assesses the relationship between financial literacy and over-indebtedness of Russian households using panel data from the Survey of Consumer Finances collected in Russia during 2018–2024. Russia is an interesting case: a relatively young consumer-finance market in which a lack of financial literacy may increase the likelihood of household over-indebtedness. To test this hypothesis, ...
Added: June 30, 2026
Bessonova E., Russian Journal of Economics 2026 Vol. 12 No. 2 P. 153–175
This paper analyzes total factor productivity (TFP) in Russia over 2009–2015 using firm-level data. Stochastic frontier analysis is employed to simultaneously estimate TFP growth and the distance to the production-possibility frontier for each firm in the sample. The results suggest significant positive rates of technological progress; however, the gap between technological frontier firms and laggards widened over ...
Added: June 30, 2026
Gazman V. D., США и Канада: экономика, политика, культура 2026 № 56 (6) С. 83–98
The article presents the results of the author's analysis of the reasons for the ultra-rapid growth of solar electricity production by large-scale generators (Utility Scale) during the 2020s. Data from 39 stations with a capacity exceeding 100 MW and holding more than 60% of the capacity of electricity storage systems in the United States have been ...
Added: June 29, 2026
Katkalo V., Shumkova N., Ужакина Ю. Б. et al., Издательский дом НИУ ВШЭ, 2026.
Настоящая книга является результатом четвертой волны исследования популяции российских корпоративных университетов, проводимого с 2022 г. высшей школой бизнеса НИУ ВШЭ. В это издание включены анализ даных о бизнес-моделях и портфелях программ этих корпоративных университетов по состоянию на 2025 г. и первый опыт сравнительного исследования отраслевых особенностей корпоративных университетов в ряде ключевых секторов экономики России. Также ...
Added: June 29, 2026
Lukyanova A., Demyanova A., Talakauskas D., Экономический журнал Высшей школы экономики 2026 Т. 30 № 2 С. 313–343
The paper examines methodological challenges of measuring informality following major revisions of international statistical standards. It analyses the Resolution concerning statistics on the informal economy adopted by the 21st International Conference of Labor Statisticians (2023) and offers practical recommendations for implementing this framework in the official statistics of the Russian Federation (Rosstat). Methodologically, the study ...
Added: June 28, 2026
Канихин Т. Н., Вестник Московского университета. Серия 6: Экономика 2026 Т. 61 № 1 С. 264–282
The article examines the attraction of foreign direct investment (FDI) to the renewable energy sector (RES) of the EU. The research aims to identify the factors and evaluate possible strategies for attracting FDI to the EU renewable energy sector. The author assumes that, with rising costs of Chinese equipment imports and shifts in US energy ...
Added: June 28, 2026
Smirnov A., Экономические и социальные перемены: факты, тенденции, прогноз 2021 Т. 12 № 6 С. 258–274
Russia has achieved a high level of Internet connectivity and the use of digital technologies; this helps to accumulate and systematize huge amounts of population data. Modern challenges, such as the COVID-19 pandemic, require a more prompt and detailed analysis of the demographic situation. Understanding the information collected by digital platforms and services can improve ...
Added: March 18, 2026
Ионцев М. А., Финансовый бизнес 2025 № 6 (264) С. 120–127
This article proposes a methodology for systemic risk assessment within a conventional financial system adapted to the specifics of the digital asset ecosystem, which distinguishes between vulnerabilities and shocks. Thus, shocks are sudden or unexpected events that have a negative impact on the financial system, while financial vulnerabilities are factors that increase the negative impact ...
Added: November 10, 2025
Kosov M., Вестник экономической безопасности 2024 № 1 С. 198–202
The sanctions pressure of the United States and the European Union on our country aims to weaken the Russian economy. In other words, to exclude banks’ operations on the international financial market and, if possible, freeze their assets. In February 2022, sanctions were imposed against Russian credit institutions, such as: disconnection from SWIFT, a ban ...
Added: October 22, 2025
Ходаковская Э. Н., Nartova-Bochaver S. K., Социальная психология и общество 2025 Т. 16 № 4 С. 109–126
Context and relevance. Modern student youth is a group of high psychological vulnerability due to high social pressure and contextual tensions caused by global and local threats. Identification of difficult life situations (DLS)of modern students is necessary for well-organized support of their psychological well-being. Objective. To investigate the frequency and patterns of DLS observed by ...
Added: August 23, 2025
Shirobokov A., Annals of Finance 2025 Vol. 21 P. 211–242
Economic sanctions have recently become a prominent tool in international policymaking. However, the mechanisms through which sanctions are transmitted and their impact on the domestic financial sector remain unclear. This paper employs a calibrated New Keynesian small open economy model to analyze the transmission channels of sanctions-induced terms of trade shocks and their impact on ...
Added: July 30, 2025
Antonov E.V., Sheludkov A.V., Regional Research of Russia 2025 Vol. 15 P. 57–69
The article analyzes the processes in the labor market of Russian regions and municipalities in 2019–2022. Despite the crisis-related events associated with the COVID-19 pandemic, the outbreak of hostilities, and subsequent international sanctions, the Russian labor market demonstrated amazing resilience during this period. One of the objectives of the study is to supplement the analysis ...
Added: July 22, 2025
Balanda B., ЭКО 2025 Т. 55 № 6 С. 222–240
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 ...
Added: July 16, 2025