Finance and Credit

Priorities of banking operations development in expanded reproduction based on technological cooperation of producers

Vol. 24, Iss. 5, MAY 2018

Received: 6 March 2018

Received in revised form: 20 March 2018

Accepted: 3 April 2018

Available online: 29 May 2018

Subject Heading: Banking

JEL Classification: G00, G11, G23, G24, G31

Pages: 1016-1030

Mazhigova E.M. Chechen State University, Grozny, Chechen Republic, Russian Federation

ORCID id: not available

Subject In the transforming economy, the role of bank capital and financial intermediaries becomes increasingly systemic, as they can significantly reduce transaction costs and risks. However, modern commercial banks have stopped meeting the needs of expanded reproduction in the formation of mass channels for transformation of savings into investment.
Objectives The purpose of the study is to identify priorities of banking activities in the disintermediation processes that enable to solve innovation and investment problems of Russian reproduction.
Methods Using the analysis, I investigate new trends in financial intermediation and show the inability to provide for investment financing of all economic sectors. On the basis of systems approach, I define those parts of the structure and organization of the national economy, where expanded reproduction and concentration of financial resources are required.
Results I propose to define areas and organization of bank lending to extended reproduction on the basis of vertical cooperation of innovation-oriented small and medium-sized enterprises with large companies. The findings may be useful for developing the new technological bases of banking in the modern economy.
Conclusions To effectively develop banking activities, it is advisable to apply measures to increase the availability of bank lending based on technological cooperation of producers. It will ensure the system's effective adaptation to challenges of the disintermediation process in the financial sector, and enhance the banking sector's function in the modern Russian reproduction.

Keywords: banking, financial intermediary, reproduction, SME, disintermediation


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Vol. 24, Iss. 5
May 2018