THE REALITY OF THE MONOPOLISTIC COMPETITION IN THE RUSSIAN BANKING SECTOR

Abstract

The article provides the analysis of the Russian banking market competition through the modern nonratingbased approach to the research. In particular, the author uses the H-statistics model in order to assess the competitive environment of more than 800 banks which account for 98% of the market. Econometric analysis shows that when there are a considerable number of players on the market the Russian banking sector competition is less fierce than in Central and Eastern European countries.