| Article |
|---|
| Article name |
The Impact of the Crisis and Sanctions on the Development of the Retail Lending Market |
| Authors |
|
| Bibliographic description |
Prokofieva E. N., Izmaiylov A. D. The impact of the crisis and sanctions on the development of the retail lending market // Transbaikal State University Journal. 2023. Vol. 29, no. 1. Pp. 121–128. DOI: 10.21209/2227- 9245-2023-29-1-121-128. |
| Category |
Economy |
| DOI |
336.71; 336.77 |
| DOI |
10.21209/2227-9245-2023-29-1-121-128 |
| Article type |
Original article |
| Annotation |
The article is devoted to the analysis of trends in the development of the retail
lending market in Russia in the context of a sharp deterioration in international economic
and political relations and aggravation of problems in various sectors of the
financial market. The subject of the study is the economic relations arising in the
process of functioning of the retail lending market. The object of research in the article
is not randomly selected banking sector of the retail lending market. For decades,
economists in Russia and the world have emphasized the significant socio-economic
role of the retail lending market. However, at the same time, it has been repeatedly
noted at various levels that an increase in the volume of lending to the population can
have both positive and negative consequences. The positive aspects are the expansion of effective demand and the improvement of the quality of life of citizens. Negative
results are seen in a possible decline in the standard of living of the population, due
to the growth of expenses related to debt servicing. This contradiction is particularly
acute in the conditions of the economic crisis. This determines the relevance of the
study. The purpose of the article is to assess the factors influencing the dynamics and
structure of the banking sector of the retail lending market. Based on this, the objectives
of the study are not only to systematize and analyze trends in the development
of the retail lending market, but also to assess the actions of the Bank of Russia in the
current situation in the credit market. The correctness of the decisions taken by the
banking community and the Bank of Russia, which allowed to prepare for the crisis
to a certain extent and minimize the consequences of increased credit and interest
rate risks, is emphasized. Assumptions are made on the nature of the functioning
of the retail lending market in the short term.The study is based on a comparison of
indicators of retail lending market development during periods of certain stability and
sanctions. The article focuses on the effectiveness of the Bank of Russia’s application
of monetary regulation methods characteristic of Keynesian theory. |
| Key words |
retail lending market,
mortgage lending, credit
cards, unsecured loan, car
loan, overdue debt, sanctions,
refinancing, credit holidays,
credit risk, interest rate risk |
| Article information |
|
| References |
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