The impact of financial and economic crises on the banking sector of Russia: Statistical evaluation
<b>Subject</b> The banking sector, having an increasing impact on the economy, is very receptive to changes occurring at the macro- and micro-level. This area of bank activity is assuming greater urgency in conditions of international integration, unstable political situation in the world and increased likelihood of financial crises. <br></br> <b>Objectives</b> We aim to develop a methodology and test the statistical evaluation of financial and economic crises’ influence on the condition of the Russian banking sector. <br></br> <b>Methods</b> The study employs the correlation and regression analysis, including the multidimensional average-based one, the method of periodization, time series analysis, method of extrapolation. <br></br> <b>Results</b> Our retrospective statistical analysis of the impact of financial crises on banking activities showed a strong and direct link. However, the default of 1998 differs significantly from the crises of 2008 and 2014 in terms of its implications for the banking environment. The paper includes a forecast of main indicators of banking activity with regard to potential financial crises for the period up to 2021. <br></br> <b>Conclusions</b> Macroeconomic indicators most affected by inflationary pressures are increasing even during periods of crisis, while banking indicators suggest decelerating growth. Our unique methods enabled to reveal a tendency to GDP growth and GDP deflator decrease.