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Restructuring of national banking systems: Domestic and some foreign practices

Vol. 25, Iss. 7, JULY 2019

Received: 25 February 2016

Received in revised form: 27 March 2016

Accepted: 13 April 2016

Available online: 1 August 2019

Subject Heading: Banking

JEL Classification: D81, G21

Pages: 1514–1541

https://doi.org/10.24891/fc.25.7.1514

Ezrokh Yu.S. Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation
ezroh@rambler.ru

ORCID id: not available

Subject The article overviews practical specifics and methods of restructuring national banking systems.
Objectives I examine national and foreign practices of restructuring national banking systems to analyze relevant issues of the national banking system at the current phase. I look into prospects of developing the area in question, considering existing positive and negative experience.
Methods Using a historical method and synthesis of scientific knowledge, I assessed and evaluated premises, methods and results of restructuring of Russia's banking system in 2014–2015 on the basis of data of the Central Bank of Russia, Deposit Insurance Agency.
Results I revealed the specifics of undertaking measures to restructure some national banking systems abroad, evaluated domestic practices so to examine the efficiency of restructuring measures at the current phase, considering the continuing banking and economic crisis. Russia's banking system was proved to have been restricted ineffectively within 2014–2015. The Central Bank of Russia used a part of methods it tested in 2008–2009, without using foreign expertise sufficiently.
Conclusions and Relevance I prove the need to ignite the national banking system restructuring bearing in mind that the economic crisis may aggravate. The crisis may be more devastating and governmental spending on restructuring may increase due to a protracted period of accumulation, keeping banking challenges on hold.

Keywords: restructuring, banking system, crisis, foreign practice

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