FINANCIAL AND CREDIT RESOURCES OF THE BANKING SYSTEM OF THE RUSSIAN FEDERATION IN THE INTERNATIONAL ECONOMIC EXCHANGE
The evolution of the global financial system led to the fact that financial institutions of various countries are playing a critical role not only in the redistribution of financial resources, but also in economic development. The article shows that the level of integration of the Russian banking sector in the global financial system is extremely low to increase the share in the international financial and credit system. The paper presents the recommendations that will reveal the potential importance of the Russian banking system in the world community and to increase the integration and overall contribution to the Russian economy into the global financial system. To determine the role of the banking system of the Russian Federation in international economic exchange applies the concept of «global financial integration», which is characterized by intensification of the processes of formation of a single world market for financial services.