Financial Markets Evolution: From the Classical Model to the Ecosystem. Challengers, Risks and New Features (Palgrave Macmillan Studies in Banking and Financial Institutions)

Financial Markets Evolution
	Preface
	Contents
	Notes on Contributors
	List of Figures
	List of Tables
	Introduction
		Introduction
		Methodology
		Results
			Financial Markets: New Approaches to Defining the Conceptual Apparatus
			Modern Trends
			The Role of Banks in the Russian Financial Market
			The Role of Banks in Ensuring Economic Growth
			Banking Internationalization
		References
	Financial Markets: Current Trends and Factors that Determine the Functioning of Financial and Credit Institutions
		Introduction
		Methodology
		Results
		Conclusions/Recommendations
		References
	Paradoxes of Financial Market Institutions: Traditions and Ecosystems
		Introduction
		Methodology
		Results
		New Banking Business Models
		Conclusions/Recommendations
		References
	The Role of Financial Intermediaries in Digital Economy Development (Chapter23)
		Introduction
		Methodology
		Results
		Conclusions/Recommendations
		References
	Internationalization of Financial Markets: World Financial Centres
		Introduction
		Methodology
		Results
			Financial Technologies in the Context of the Internationalization of Financial Markets and the Development of Global Financial Centers
			Internationalization as a Condition for the Formation of an Alternative Financial Market
			Diversification of Financial Markets Under the Influence of Internationalization: Russian and Global Experiences
			Banking Business in the Context of the Internationalization of Financial Markets and the Development of Global Financial Centers
		Conclusions/Recommendations
		References
	New Challenges for Financial Market Infrastructure Risk Management Systems
		Introduction
		Methodology
		Results
			Development and Regulation of National Market Financial Infrastructure. Russian Case
			Global Risk Management Practices for Financial Market Infrastructure During the Corona-Crisis of 2020
		Conclusions/Recommendations
		References
	Payment Systems in Digital Economy
		Introduction
		Methodology
		Results
		Conclusions
		References
	Role of National Currencies in Transforming International Monetary System
		Introduction
		Methodology
		Results
			The Place of the Euro in the International Monetary System
			Chinese Yuan Internationalization
			Trends in the Use of Other Currencies
		Conclusions/Recommendations
		References
	Monetary Policy: Global Trends and the Development of Bank of Russia’s Approaches
		Introduction
		Methodology
		Results
		Recommendations
		References
	Financial Innovations, Financial Engineering and Financial Technologies: Risks or New Opportunities? Innovations and New Financial Technologies in the Practice of Banking
		Introduction
		Methodology
		Results
		Conclusions
		References
	Banks and Banking: New Trends and Challenges
		Introduction
		New Challenges for the Multilateral Development Banks
		Artificial Intelligence in the Modern Banking
		AI and Banking Governance
		Conclusions
		References
	Transnational and Regional Banks
		Introduction
		Methodology
		Results
			The Concept of Transnational Banks’ Functioning and Development
				Preconditions for Transnational Bank Formation and Functioning in the Context of Globalization
				Impact of Transnational Banks on the Emergence and Neutralization of Economic Crises
				Anti-crisis Regulation of Transnational Banks on an International Scale
			Regional Banks’ Areas of Activity
				Regional Banks’ Development from the Historical Point of View
				The Main Reasons Why Regional Banks Stop Working
				New Bank of Russia’s Approaches to the Regional Banks’ Regulation
		Conclusions/Recommendations
			Transnational Banks
			Regional Banks
		References
	Analysis of Banks with State Participation Functioning the Role of Development Banks in the Global and National Dimensions
		Introduction
		Methodology
		Results
			Theories of State-Owned Banks
			Determinants of SOB Existence in the Modern Economic Context
			SOB in Russia
			Development Banks in Global and National Dimensions
		Conclusions/Recommendations
		References
	Insurance Companies: Prospective Business Models
		Introduction
		Method
		Results
		Conclusion
		References
	Insurance of Financial and Credit Institutions
		Introduction
		Methodology
		Results
		Conclusion
		References
	Pension Funds and Prospects for Reforming the Russian Pension System as a Condition for the Qualitative Implementation of the State’s Social Policy
		Introduction
		Methodology
		Results
		Conclusions
		References
	Microfinance Organizations in Russia and Abroad
		Introduction
		Methodology
		Results
		Conclusions/Recommendations
		References
	Sustainability Trend in Russian Banking Sector
		Introduction
		Definition of “Sustainable Banking”
		Research Problem
		Methodology
		SBPF (Sustainable Banking Performance Framework) Analytical Framework
		Sample, Data Collection and Analysis.
		Results
		Discussion and Conclusion
		Appendix: Sustainable Banking Performance Framework (SBPF)
		References
	Responsible Principles in Banks: Short-Term Trend or Inevitability?
		Introduction
		Methodology
		Results
		Conclusions/Recommendations
		References
	Managing the Risks of Financial Intermediaries: Transforming Approaches and Reality
		Introduction
		Methodology
		Results
		Conclusions/Recommendations
		References
	Problems of Ensuring the Financial Stability of Financial and Credit Institutions in the Digital Economy
		Introduction
		Methodology
		Results
		Conclusion
		References
	Crisis Regulation by Financial Intermediaries
		Introduction
		Methodology
		Results
			Anti-crisis Measures to Regulate the Banking Sector in the Post-crisis Period
		Anti-crisis Regulation Measures. Micro-Level Problems
		Results
		Conclusions/Recommendations
		References
	Banking Stress Testing
		Introduction
		Methodology
		Results
			Interrelation Between the bank’s Liquidity and Soundness
			Components of Bank Liquidity Stress Testing
			Main Sources of Liquidity Risk
			Fundamentals of Modelling the Bank Loan Portfolio Quality
		Modelling the Bank Loan Portfolio Quality Change
		Conclusions/Recommendations
		References
	Mega-Regulation of Financial Markets
		Introduction
		Methodology
		Results
			Digital Financial Intermediation Products as the Basis of Mega-Regulation Practice Development
			Financial Regulation and Supervision Development
			Models of Financial Market Implementation Regulation and Supervision
			Conclusions Obtained by Applying DEA Analysis
		Conclusions/Recommendations
		References
	Conclusion
		Introduction
		Methodology
		Results
		Conclusions/Recommendations
		References
	Index