Financial Analytics: Science and Experience
 

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
Google Scholar

Online available

EBSCOhost
Eastview
Elibrary
Biblioclub

Archiving

Cyberleninka (12 month OA embargo)

Challenges of developing the banking sector in the Chechen Republic under current circumstances

Vol. 8, Iss. 44, NOVEMBER 2015

PDF  Article PDF Version

Received: 10 September 2015

Received in revised form: 20 October 2015

Accepted: 2 November 2015

Available online: 27 November 2015

Subject Heading: Economic policy

JEL Classification: 

Pages: 43-57

Taimaskhanov Kh.E. Grozny State Oil Technical University named after Academician M.D. Millionshchikov, Grozny, Chechen Republic, Russian Federation
rectorggntu@gmail.com

Musaev R.A. Lomonosov Moscow State University, Moscow, Russian Federation
rasmous@mail.ru

Reshiev S.S. Chechen State University, Grozny, Chechen Republic, Russian Federation
budgetdepchech@mail.ru

Importance It is very reasonable to examine trends in the banking sector of the Chechen Republic and determine what will ensure its effective operations in ever increasing demand for banking services.
     Objectives The research determined prospects and priority areas for developing the banking system of the Chechen Republic during the regionalization and globalization of the world economy.
     Methods The research is based on a system analysis of the sector for the specific period, and various statistical methods. Relying upon the analysis, we evaluate the efficiency of the republican banking sector.
     Results As the research shows, the banking sector has yet to evolve in the Chechen Republic, accounting for a very small market share. The article proposes an effective algorithm for setting up the robust banking sector within a short period of time. The modified version of the algorithm may be applied in other regions.
     Conclusions and Relevance We provide our conclusion on that the regional policymakers should address some specific issues to create the effective banking sector in the Chechen Republic and integrate the Chechen Republic into the single socio-economic processes nationwide and worldwide.

Keywords: Chechen Republic, banking sector, consolidated budget, region, Islamic banking

References:

  1. Azhluni A.M., Petrova A.N. Regional'naya bankovskaya sistema Rossii kak aspekt novoi modeli ekonomicheskogo rosta [The regional banking system of Russia as an aspect of a new model of economic growth]. Region: sistemy, ekonomika, upravlenie = Region: Systems, Economy, Management, 2013, no. 4, pp. 51–57.
  2. Ivanchenko O.G. Rol' finansovykh institutov i uslug v razvitii real'nogo sektora dal'nevostochnoi ekonomiki [The role of financial institutions and services in development of the real economy of the Russian Far East]. Vestnik Tikhookeanskogo gosudarstvennogo universiteta = Bulletin of Pacific National University, 2014, no. 4, pp. 161–172.
  3. Reshiev S., Bisaev I., Daurbekov S. Sistemnye kharakteristiki Chechenskoi Respubliki i vozmozhnosti ikh uluchsheniya [System characteristics of the Chechen Republic and possibilities for their improvement]. Ekonomicheskaya politika = Economic Policy, 2014, no. 1, pp. 160–173.
  4. Kuznetsova O.V. Ekonomicheskoe razvitie regionov: teoreticheskie i prakticheskie aspekty gosudarstvennogo regulirovaniya [Economic development of regions: theoretical and practical aspects of the State regulation]. Moscow, LIBROKOM Publ., 2009, 304 p.
  5. Vanhove N., Klaassen L.H. Regional Policy: A European Approach. Aldershot, Ashgate, 1999, pp. 65–86.
  6. Alaudinov A.A. Regional'naya identichnost': ponyatie, soderzhanie i struktura [Regional identity: the concept, content and structure]. Perspektivy nauki = Science Prospects, 2014, no. 9, pp. 134–137.
  7. Betil'merzaeva M.M. Fenomen mental'nosti skvoz' prizmu psikhofizicheskoi problemy [The mentality phenomenon through the prism of body-mind problem]. Nauchnaya mysl' Kavkaza = Scientific Thought of Caucasus, 2009, no. 4, pp. 18–23.
  8. Yusupov M.M. Sotsiokul'turnye aspekty modernizatsii postkonfliktnogo regiona [Social and cultural aspects of modernization of the post-conflict region]. Filosofskie nauki = Russian Journal of Philosophical Sciences, 2012, no. 7, pp. 42–56.
  9. Button K., Pentecost E. Regional Economic Performance within the European Union. Cheltenham, Northampton, Elgar, 1999, pp. 26–45.
  10. Razin A.S. “Islamskii banking” kak otvet na vyzovy finansovogo krizisa [‘Islamic banking’ as a response to the challenges of the financial crisis]. Evropeiskii zhurnal sotsial’nykh nauk = European Social Science Journal, 2012, no. 5, pp. 375–379.
  11. Sharafutdinova I.R., Kulakova S.A. Sovremennoe sostoyanie i vozmozhnosti razvitiya islamskikh finansov v Rossii [Current state and opportunities of Islamic finance in Russia]. Problemy ekonomiki i menedzhmenta = Problems of Economics and Management, 2014, no. 8, pp. 33–37.
  12. L'vova N.A. Islamskie banki: osobennosti, problemy, perspektivy razvitiya [Islamic banks: characteristics, challenges and prospects]. Vestnik Sankt-Peterburgskogo universiteta. Seriya 5. Ekonomika = Vestnik of Saint-Petersburg University. Series 5. Economics, 2013, no. 1, pp. 100–107.
  13. Antropov V.V., Saburov A.M. Islamskie banki v mire i v Rossii [The Islamic banks in the world and Russia]. Finansy = Finance, 2013, no. 1, pp. 41–48.
  14. Albert M. Kapitalizm protiv kapitalizma [Capitalisme contre Capitalisme]. St. Petersburg, Ekonomicheskaya shkola Publ., 1998, 292 p.

View all articles of issue

 

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 12, Iss. 3
September 2019

Archive