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Finance and Credit
 

Developing regional cooperation of the real and banking sector of economy

Vol. 15, Iss. 6, FEBRUARY 2009

Available online: 21 August 2009

Subject Heading: Banking

JEL Classification: 

Rykova I.N. Doctor of Science (Economics), associate professor, Academy of Labor and Social Relations
rycova@yandex.ru

Fisenko N.V. North-Caucasian Bank of the Savings bank of Russia, Stavropol city
f-nikolai@yandex.ru

The article states that the main factor of the local economy development is investment in the real sector. Businesses cannot carry out scale investment projects because their funds are limited. Foreign investments to the local economy are influenced by the global economic processes and the macroeconomic situation in Russia. In terms of the global recession, the cooperation of real and banking sectors must be of high significance for the development of the local economy.

Keywords: region, mechanism, sector, bank, investment, finances, economy, process

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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