Regional banking services market: place in the regional socio-economic system

Published: 06/28/2022

Keywords: regional market of banking services; banking services; Russia

Available online: 28.06.2022

To cite this article

Shustov E.A. Regional banking services market: place in the regional socio-economic system. // Moscow University Bulletin. Series 6. Economics. 2022, Issue 3, 63-83. https://doi.org/10.38050/01300105202234.

Shustov E.A. (Lomonosov Moscow State University)

Abstract

The article examines the phenomenon of connection between the regional market of banking services and the regional socioeconomic systems on the example of the Russian Federation’s subjects. In order to identify the measure and nature of this relationship, the regional socio-economic system and the regional banking services market are appropriately parametrized and analyzed for reciprocal causality. The study indicates that this relationship is statistically significant and mainly bilateral as well as partly unilateral with predominance of regional socio-economic system parameters’ causality. The regional socio-economic system, thus being articulated, is co-dependent and co-directed with the regional banking market, nevertheless dominates it.