Suchergebnisse

The Russian banking sector is composed of almost 500 banks, but does it mean it is competitive? The aim of the study is to determine the scale of competition in the Russian banking sector in the light of the undertaken reforms, whose goal has been to reinforce banks' and to limit their number. The analysis covering the period 2010–2015 was based on the financial statements of banks (balance sheets and profit and loss accounts) drawn from BankScope. The author examined the indicators of concentration and computed non-structural measures of competition, then comparing the scale of competition on the Russian banking services market with three emerging economies of a similar size: Brazil, India and China. The applied unstructured measures of competition (H statistics, Lerner index and Boone index) yielded results indicating that the type of competition on the Russian market of banking services could be defined as monopolistic. The structures of the market for banking services of the three other examined countries also correspond to the model of monopolistic competition, but nevertheless they allow more competition than the Russian one.

This article attempts to assess the development of banking sectors in the transition countries of Central, Eastern and Southeastern Europe (CESEE) in years 1990–2011. There are evaluated the recommendations of international financial institutions with regard to the reform of the banking sector and a range of banking intermediation measured by the ratio of internal credit provided by the banking system related to GDP. The results of the evaluation of banking reforms allow positively assess the transformation of banking in the CESEE. Countries that consistently implement the adopted bank reform program, consisting of banking market liberalization and privatization of the commercial banking, have developed a secure, two-tier market oriented banking sectors. The depth of banking intermediation is still lower than it is in developed industrialized market economies, however, the distance between the CESEE countries and the adopted pattern in the second decade of reforms has decreased.

The aim of this report is to present and evaluate the changes which have taken place in institutions of 28 transition countries after 1989. Institutions are here understood as formal rules, including procedural and regulatory institutional solutions determining the economic and political structure of a country. Bearing this in mind, the report provides an analysis of the political system (democracy or dictatorship) and the efficiency of the state institutions, i.e. whether they ensure economic freedom and good governance. Also institutional solutions created by states were analysed, with focus on two areas particularly important for the economy: the labour market and the banking sector. ; Publication with support of the National Science Centre, NCN, grant no. 2011/01/B/HS4/00802, titled: "State in relation to economic freedom. Theory and practice of transition". ; Michał Pilc