Finance and Credit

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
LCCN Permalink
Google Scholar

Online available



Cyberleninka (12 month OA embargo)

Features of modern credit in the world economy

Vol. 25, Iss. 4, APRIL 2019

Received: 18 February 2019

Received in revised form: 5 March 2019

Accepted: 19 March 2019

Available online: 26 April 2019


JEL Classification: G00, G10, G21, E51, F20

Pages: 873–890

Starodubtseva E.B. Financial University under Government of Russian Federation, Moscow, Russian Federation

Subject The paper considers the issues of credit development in modern conditions.
Objectives The paper aims to analyze the characteristics and trends of credit development in the modern world economy in light of accountability and accounting application in the practice of Russian lending.
Methods Consideration of bank credit is the basis of the study. The basis for the empirical illustration is Germany with the subsequent interpretation of the features of a bank loan in Russia.
Results Being one of the main sources of economic growth, credit forms under its influence. There is a number of established trends in crediting, however, there are changes in the principles of credit: payment, security, urgency etc. Economy digitization has become a driver in development of new types and methods of crediting. Credit relations in Russia follow the same tendencies as other countries. Consumer loan is still playing a significant role, with growth rates far exceeding corporate loans.
Conclusions and Relevance At this time we need to pay more attention to the features and trends in credit development in Russia. We should prepare to minimize the risks that will undoubtedly follow, if the interest rate decreases and the security requirements for the loan drop.

Keywords: credit, interest, credit forms, consumer credit, mortgage credit


  1. Werner R.A. Towards a More Stable and Sustainable Financial Architecture - A Discussion and Application of the Quantity Theory of Credit. Kredit und Kapital, 2013, vol. 52, iss. 1, pp. 357–387. URL: Link
  2. Prokof'eva E.N., Enyutina M.A. [Issues on interrelation and interdependence of consumer credit market and national economy development trends]. Innovatsionnaya ekonomika: perspektivy razvitiya i sovershenstvovaniya, 2016, no. 6, pp. 145–150. URL: Link (In Russ.)
  3. Hüfner F. The German Banking System: Lessons from the Financial Crisis. OECD Economics Department Working Papers, 2010, no. 788, 24 p.
  4. Holmes M.J. Bank Credit in the EU: Long-run Independence or Integration with Germany? Economic Issues, 1997, vol. 2, part 1, pp. 43–54. URL: Link
  5. Khusikhanov R.U. [Features of formation and development of the common market of mortgage lending in the european union]. Vestnik universiteta (Gosudarstvennyi universitet upravleniya), 2016, no. 10, pp. 115–121. URL: Link (In Russ.)
  6. Eremina O.I. Razvitie potrebitel'skogo kreditovaniya v Germanii [Тhe development of consumer credit in Germany]. Ekonomicheskie issledovaniya i razrabotki, 2017. URL: Link
  7. Burghof H.-P., Henschel C. Credit and Information in Universal Banking – A Clinical Study. Schmalenbach Business Review, 2000, vol. 52, iss. 3, pp 282–309. URL: Link
  8. Reich N., Rott P. Verbraucherkreditrecht der Gemeinschaft. URL: Link
  9. Lange H. Mortgage Backed Securitization: Contextual Success Factors. Journal of Commercial Banking and Finance, 2004, vol. 3, no. 1, pp. 39–55.
  10. Ryabinina E.V. [Development of the market for mortgage lending in Russia]. Ekonomika i biznes: teoriya i praktika = Economy and Business: Theory and Practice, 2017, no. 5, pp. 205–212. URL: Link (In Russ.)
  11. Abdrakhmanov R.A., Polyachenko I.A. [The structure of population credit market]. Bankovskoe kreditovanie, 2005, no. 3, pp. 23–29. URL: Link (In Russ.)
  12. Konyagina M.N., Kirillova A.V. [New directions in the development of microfinancing in Russia]. Problemy sovremennoi ekonomiki = Problems of Modern Economics, 2016, no. 3, pp. 125–128. URL: Link (In Russ.)

View all articles of issue


ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 25, Iss. 11
November 2019