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Svetlana Kirdina and Andrei Vernikov Evolution of the Commercial Banking System in Russia Association for Evolutionary Economics at Allied Social Sciences Association conference. January 4-6, 2013. San Diego, CA, the United States of America Abstract: We undertook an institutional analysis of commercial banks in Russia. After the failed experiment with private financial intermediation in the 1990s Russia migrated towards a banking system consisting of three, rather than two, tiers and featuring core institutions controlled by the state directly or indirectly. This evolution is consistent with this country’s historical pattern of financial intermediation. It is also in line with recent trends in the real sector of the economy where public ownership has rebound over the past decade. The core state-controlled banks have evolved into hybrid institutions performing two various sets of functions, those of a regular commercial bank and a policy bank. We found a similar evolution in China but not in transition economies of Central Europe. Institutional matrix theory suggests that in non-market economies centralized finance and credit allocation is the dominant institutional form while private banking activity is a complementary one. Keywords: Russia; banks; state; institutions; institutional matrixJEL Classification Codes: B40, G21, P50 |
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Svetlana Kirdina New systemic institutional approach for comparative political and economic analysis Presentation. Union for Radical Political Economy at Allied Social Sciences Association conference. January 4-6, 2013. San Diego, CA, the United States of America An idea that modern economics as necessarily based on market capitalism continues to dominate in scientific-scholarly discourse. The objective of this presentation is to present an Institutional Matrix Theory, or X- and Y-theory as an alternative systemic institutional approach to economic and political development. It puts forward some new arguments to explain ‘grassroots resistance’ to the deep marketization in many societies and answers the question “why capitalism triumphs in the West and fails everywhere else”. Keywords: systemic institutional approach, comparative analysisJEL classification: P51, B52, A13 |
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Svetlana Kirdina. At the 3rd Conference of World Complexity Science Academy "Mapping Systemic Knowledge" Vienna, Austria, November 19th, 2012 (Video 23Mb)
Yury I. Alexandrov, Svetlana G. Kirdina. Presentation for the 3rd Conference of World Complexity Science Academy "Mapping Systemic Knowledge", Vienna, Austria, November 18th-19th, 2012. |
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Svetlana Kirdina: A shift in the prevailing institutional models of the global order: is a new cycle starting? In: V Forum of Leading Economists from China and Russia, October 24, 2012. Beijing: Renmin University of China, 2012. P. 118-127. |
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Svetlana Kirdina: From Marxian School of Economic Thought to System Paradigm in Economic Studies: The Institutional Matrices Theory // Montenegrin Journal of Economics. Vol.8. Number 2. October 2012. P. 53-71. |
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New Publication: Svetlana Kirdina. Introduction (Gregory Sandstron as a translator) In: Evolutionary and Institutional Economics. Discussions, Methods and Applications / Eds. A. Arkhipov, S. Kirdina, and E. Martishin. Sent-Petersburg: Aleteya, 2012. |
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18-24.06.2012 Yuri Alexandrov (Institute of Psychology, Russian Academy of Sciences, Moscow) Svetlana Kirdina (Institute of Economics, Russian Academy of Sciences, Moscow) On the Interconnection of Mentality and Institutionality The Fifth International Conference on Cognitive Science. Kaliningrad, Russia, 18.06-24.06 2012 |
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12.04.2012 Svetlana Kirdina. “Introduction to the Institutional Matrices Theory, or X- and Y-theory” presentation for the Association for Institutional Thought (AFIT) section of the Western Social Science Association conference, Houston, Texas, April 11-14, 2012. |
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20.10.2011 Kirdina Svetlana. Why did Marxism Take Root in Russia and China and Not in Its Home Country? Lecture delivered at the Shanghai University of Finance and Economics by October 20, 2011. Moderator - Liu Xiao Yin, Ph. D |
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04.02.2009 Kirdina S. Limits and Prospects of Institutional Liberalization for S&T Research Policies: Russia Case  The international conference "Liberalizing Research in Science and Technology: Studies in Science Policy", India, Kanpur, February 4-6, 2009. |
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3-6.09.2007 Institutional self-organization of Russian society: vector of evolution 8th ESA conference on the 3rd - 6th September 2007, Glasgow, Scotland |
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30.05.2007 New Balance of Redistribution and Market Institutions in Modern Russian Economy Hawaii International Conference on Social Sciences, Honolulu, May 30 - June 3, 2007 |
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21-22.09.2006 Risks of Russian Economic Reforms: Lack of Theoretical Economic Knowledge Conference on "Knowledge and Society"(Social Theory Research Network of European Sociological Association), September, 21st-22nd, 2006, Madrid, Spain |
