Anzoategui, DiegoMartinez Peria, Maria SoledadMelecky, Martin2012-03-192012-03-192010-10-01https://hdl.handle.net/10986/3932The Russian banking sector includes approximately 1,000 banks, but is it competitive? This paper analyzes bank competition in Russia during 2002-2008. The authors examine indicators of concentration and contestability, and compute non-structural measures of competition. They compare competition in Russia to that in Brazil, China, and India, and contrast competition across different groups of banks within Russia. Contestability in Russia is obstructed by uneven supervisory practices and an unclear exit process. Non-structural measures reveal that banks in Russia are less competitive than those in Brazil. Within Russia, large banks and state-owned banks exert more market power than the smaller and privately-owned institutions. Finally, business-oriented banks are more competitive than those concentrating on lending to individuals.CC BY 3.0 IGOACCESS TO FINANCEASSET MANAGEMENTAUCTIONSBALANCE SHEETBANK ASSETSBANK COMPETITIONBANK FAILURESBANK INSOLVENCYBANK LICENSINGBANK MANAGEMENTBANK MERGERSBANK OF CANADABANK REGULATIONBANK REGULATIONSBANK REHABILITATIONBANK SUPERVISIONBANKING INDUSTRYBANKING LAWBANKING SECTORBANKING SUPERVISIONBANKING SYSTEMBANKRUPTCYBANKSBARRIERBARRIER TO ENTRYBARRIERS TO ENTRYBUDGETARY SUPPORTBUSINESS LENDINGCAPITAL FLIGHTCAPITAL MARKETSCAPITAL REQUIREMENTCAPITAL REQUIREMENTSCOLLATERALCOMMERCIAL BANKINGCONSOLIDATED SUPERVISIONCONSOLIDATIONCOST OF CAPITALCOUNTRY COMPARISONCOUNTRY COMPARISONSCREDIT COOPERATIVESCREDIT INSTITUTIONCREDIT INSTITUTIONSCREDITORSDEPOSITDEPOSIT INSURANCEDEPOSITORSDEPOSITSDEVELOPING COUNTRIESDISTRESSED BANKSDISTRIBUTION OF DIVIDENDSDOMESTIC BANKSECONOMICSEMERGING ECONOMIESEMERGING MARKETEMERGING MARKETSEMPIRICAL ANALYSISEMUEQUITY CAPITALEUROPEAN CENTRAL BANKFAIR VALUEFEDERAL RESERVEFEDERAL RESERVE BANKFINANCIAL ASSISTANCEFINANCIAL COSTSFINANCIAL CRISESFINANCIAL CRISISFINANCIAL FRAGILITYFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL MARKETSFINANCIAL PRODUCTSFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL SUPPORTFINANCIAL SYSTEMFINANCING NEEDSFOREIGN BANKFOREIGN BANKSFOREIGN EXCHANGEFOREIGN OWNERSHIPGROSS REVENUESGROUP OF BANKSINPUT PRICEINPUT PRICESINSOLVENT BANKSINSURANCE AGENCYINSURED DEPOSITSINTEREST EXPENSESINTEREST INCOMEINTERNATIONAL BANKINTERNATIONAL FINANCIAL MARKETSLEGAL REQUIREMENTSLIQUIDATIONLIQUIDITYMACROECONOMIC CONDITIONSMARGINAL COSTMARGINAL COSTSMARKET STRUCTUREMARKET TRANSPARENCYMONEY LAUNDERINGMONEY MARKETMONOPOLYOUTPUTOUTPUTSOWNERSHIP RIGHTSPERSONNEL EXPENSESPOTENTIAL INVESTORSPRIVATE BANKSPRIVATE SECTOR DEVELOPMENTPROBLEM BANKSPRUDENTIAL REGULATIONPRUDENTIAL REGULATION AND SUPERVISIONPRUDENTIAL REGULATIONSRATES OF INTERESTREGIONAL BANKSRESERVE BANK OF INDIARETURN ON ASSETSRIGHTS OF SHAREHOLDERSSAVINGSSAVINGS BANKSSECURITIESSHARE OF ASSETSSHAREHOLDERSHAREHOLDER RIGHTSSHAREHOLDERSSOLVENCYSUBSIDIARYSUNSET CLAUSESUPERVISORY FRAMEWORKTAXTAX RETURNTREASURIESUNIONWorld Bank10.1596/1813-9450-5449