Abstract
The purpose of the article is to verify the offered hypothesis and to study the banking system tools in the sphere of joint crises fighting in Russia and Europe. Methodological instrumentarium of the research is based on the use of the method of regression and correlation analysis. The authors perform the analysis of dynamics of banking system development in the conditions of the recent financial crisis and in post-crisis period, evaluate influence of the banking system on Russian and European economies’ crises fighting, and determine the role of the banking system at various stages of the economic cycle in the context of financial crisis. The key authors’ conclusion of the performed research is the fact that, as modern crises are of the financial nature, the tools of their overcoming should relate to the financial sphere—in particular, to the banking system.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Agapova A, McNulty JE (2016) Interest rate spreads and banking system efficiency: general considerations with an application to the transition economies of Central and Eastern Europe. Int Rev Financ Anal 47(1):154–165
Arnould G, Dehmej S (2016) Is the European banking system robust? An evaluation through the lens of the ECB′s comprehensive assessment. Int Econ 147(1):126–144
Christensen T, Lægreid P, Rykkja LN (2016) Organizing for crisis management: building governance capacity and legitimacy. Public Adm Rev 2(1):118–126
Dzhandzhugazova EA, Zaitseva NA, Larionova AA, Petrovskaya MV, Chaplyuk VZ (2015) Methodological aspects of strategic management of financial risks during construction of hotel business objects. Asian Soc Sci 11(10):229–234
European Central Bank (2014) Banking structures report october 2014. https://www.ecb.europa.eu/pub/pdf/other/bankingstructuresreport201410.en.pdf. Accessed 20 Oct 2016
Eurostat (2016) Credit interest rates. http://ec.europa.eu/eurostat/statistics-explained/index.php/File:Short-term_interest_rates_—_three-month_interbank_rates_(annual_average),_2004–14_(%25)_YB15.png#filelinks. Accessed 20 Oct 2016
Fagerberg J, Srholec M (2016) Global dynamics, capabilities and the crisis. J Evol Econ 1(1):1–20
Gornostaeva Z, Zhidkov V (2014) Service technologies as factor of service and tourism companies’ competitiveness. Rev Appl Socio Econ Res 8(2):78
Gornostaeva ZV, Buryakov GA, Zaitseva TV (2014) Banking services improvement through the development of service technologies. Asian Soc Sci 10(23):161–168
International Monetary Fund (2016) ВВП в постоянных ценах по странам мира. imf.org. Accessed 19 Oct 2016
Karyotis C, Alijani S (2016) Soft commodities and the global financial crisis: implications for the economy, resources and institutions. Res Int Bus Financ 37(1):350–359
Kravets A, Shcherbakov M, Kultsova M, Iijima T (2014) Knowledge-based software engineering. 11th joint conference, JCKBSE 2014, Volgograd, Russia, september 17–20, 2014 (Proceedings 2014). Commun Comput Inf Sci 466 CCIS 24(1):56–81
Louhichi A, Boujelbene Y (2016) Credit risk, managerial behaviour and macroeconomic equilibrium within dual banking systems: interest-free vs. interest-based banking industries. Res Int Bus Financ 38(1):104–121
Morel G, Chauvin C (2016) Crisis management: what are the methodological challenges for ergonomics? Trav Hum 79(1):71–92
Nguyen T (2016) The performance of the Chinese banking system before and after the WTO entry. China Financ Rev Int 6(3):245–263
Polinkevych O (2016) Factors of enterprises’ outstripping development in conditions of global economic crisis. Econ Ann XXI 156(1–2):59–62
Popkova EG, Sharkova AV, Merzlova MP, Yakovleva EA, Nebesnaya AY (2013) Unsustainable models of regional clustering. World Appl Sci J 25(8):1174–1180
Prochniak M, Wasiak K (2016) The impact of the financial system on economic growth in the context of the global crisis: empirical evidence for the EU and OECD countries. Empirica 1(1):1–43
Skiter N, Semenychev V, Litvinova TN (2015) Model of economic growth in Russia under conditions of integration into the world economy. Appl Econ Int Dev 15(2):63–70
The Central Bank of the Russian Federation (2016) Statistics of the banking sector. https://www.cbr.ru/statistics/?PrtId=pdko. Accessed 20 Oct 2016
The Global Innovation Index (2014) https://www.globalinnovationindex.org. Accessed 20 Oct 2016
Wijesiri M (2016) Weathering the storm: ownership structure and performance of microfinance institutions in the wake of the global financial crisis. Econ Model 57(1):238–247
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2017 Springer International Publishing AG
About this chapter
Cite this chapter
Zaitseva, T.V. (2017). Banking System Tools in the Sphere of Joint Crises Fighting in Russia and Europe. In: Popkova, E. (eds) Russia and the European Union. Contributions to Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-55257-6_60
Download citation
DOI: https://doi.org/10.1007/978-3-319-55257-6_60
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-55256-9
Online ISBN: 978-3-319-55257-6
eBook Packages: Economics and FinanceEconomics and Finance (R0)