The shift of the competition paradigm in the banking sector of Russia

Abstract

Bank competition has been renowned for its relevance to the national economies in general, especially in developing countries. The paper presents the results of an integrated research of bank competition in Russia on the basis of neoclassic non-structural methods and the political economy approach. The findings show a shift of the competition paradigm in the sector due to the activity of the state which now incorporates the roles of the regulator and of the major competitor in the national banking market.