Abstract
Economic resilience is directly related to the level of development of the banking system within a single economic space. This article identifies the degree of influence of the main indicators of the state of the banking system on the values of the resilience of the national economy of Russia. A review of the main research results in this area is carried out and the similarity of the positions of various authors on the issue of direct influence between the dynamics of banks’ development and economic growth trends is revealed. The dynamic and structural analysis reflecting the degree of integration of the banking system and the Russian economy is carried out. The main determinants of the banking system, which have a direct impact on the dynamics of the national economy, are identified and systematized. An econometric analysis is carried out in the form of a regression model describing the degree of connection and influence of the main banking indicators on the stability of the Russian economy in terms of GDP per capita. The results obtained reflect a high degree of connection between the dynamics of indicators of the state of the banking system and the level the national economic resilience.
Highlights
In recent decades, the problem of ensuring sustainability has become a priority development plan for most of the world's countries, which is exacerbated under globalization of economic relations, technological revolutions, growing instability, and strengthening of the environmental agenda
The significant direct impact of the deposit saturation of the economy on its resilience carries a social aspect, as the propensity of the population to savings determines the growth of GDP value-added as an indicator of the growth of the well-being of citizens
The growth of bank capital in the total volume of assets of the banking sector negatively affects the changes in GDP per capita, which is explained by the following thesis: the growth of the aggregate own bank capital concerning bank assets indicates a decrease in the role of banks in the economic development of the country, as the growing profit and capitalization of the banking sector is not a consequence of the growth of assets in the economy
Summary
The problem of ensuring sustainability has become a priority development plan for most of the world's countries, which is exacerbated under globalization of economic relations, technological revolutions, growing instability, and strengthening of the environmental agenda. The main goal of life for humanity until 2030 is to achieve sustainable rates of development, which is enshrined in the official documents of the UN [1]. This should involve economic growth in interaction with social development and preservation of the environment. The operation of the banking system in all types of economies is a determining factor in the long-term sustainable and stable development of the national economy and all its branches. Forming an integral system of credit and financial organizations within the national economy, the banking sector organizes and maintains a mechanism for mobilizing, accumulating, distributing, and redistributing capital of subjects of economic relations
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