In recent years the Russian banking system has witnessed numerous bank license withdrawals. Many of the failed banks had significant volumes of retail deposits in their liabilities, thus, transmitting the default burden to the Deposit Insurance Agency and ultimately to the taxpayers. In their...

The paper considers the role of public opinion and economic expertise in planning and realization of two important Russia's financial reforms of the nineteenth century: the creation of the State Bank in 1860 and its reform in 1894. It aims at expanding the limits of institutional history and...

Information disclosure is considered as an important prerequisite for the efficient functioning of a financial system. Costs and benefits of information disclosure in the banking system have been extensively theoretically and empirically investigated. However, the effect of voluntary...

This research explores the utility of using strategic indicators to track the performance of the Bank of Russia. This approach is used in international practice and has demonstrated its positive effect. Nowadays, the Bank of Russia has introduced one key indicator, the size of inflation, which...

We propose a new theoretical model of the large-scale banking system of an open economy. It is shown that distribution of relative sizes of individual banks is stable over time and does not depend on the volume of deposits. Our findings provide an additional argument in favor of use of the...

In this paper we study the performance effects of capital structure, ownership structure and corporate governance of Russian companies. To address the lack of research in corporate performance modeling in emerging markets we contribute to the literature by introducing a cluster analysis of the...

This paper investigates the relationship between operating cost efficiency and the loan quality of Russian banks. It tries to answer the question whether it is always beneficial for banks to be highly cost efficient (the “bad management” hypothesis) or whether this higher cost efficiency...

Market discipline is usually studied in the retail or the corporate deposit markets, while the interbank loan market is disregarded. Banks' abilities to exert market discipline are taken for granted, as they are expected to have the expertise to assess correctly the riskiness of other banks....

Vocational schools are involved in partnerships with employers to generate extra resources and in the implementation of high-stake accountability reforms in Russia. We examine school capacity in the top-down implementation of performance-related pay (PRP) in Russia. We consider two cases of...

The article analyzes how Russian students interpret and practice digital technologies of self-tracking (fitness trackers, apps and wearables), that allow to collect biometric and activity data. It is based on the results of reflective thematic analysis of students' essays on this topic. How do...