In the early transition era in Russia entry barriers for commercial banks were about absent. It resulted in the mushrooming of hundreds of small, poorly-endowed and inexperienced banks. In this paper we address the question whether the claimed benefits of low entry barriers - competition and market dynamics - have resulted. We use a sample of commercial saving banks for the 1994-97 period. We conclude that there were important mobility barriers and that the removal of entry barriers did not lead to intensified competition.

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Erasmus Research Institute of Management
hdl.handle.net/1765/36
ERIM Report Series Research in Management
Erasmus Research Institute of Management

Admiraal, P.-H., & Carree, M. (2000). Competition and Market Dynamics on the Russian Deposits Market (No. ERS-2000-25-STR). ERIM Report Series Research in Management. Retrieved from http://hdl.handle.net/1765/36