Factors of the Population's Credit Activity: Regional Features on the Example of the Russian Far East

DOI

10.2991/iscfec-18.2019.34How to use a DOI?

Keywords

Russian Far East, credit activity, credit behavior, regional development, banks.

Abstract

The dynamic and structural features of the population’s credit activity of the Russian Far East and its federal subjects were compared with other federal districts in the period of 2009-2017.Based on the study of the main retail lending markets characteristics of the Far East (consumer and mortgage lending), the influence of two groups of factors was analyzed and quantified: 1. The features of the region’s traditional interrelations between volume of loans and financial position of potential borrowers (level of income, debt load, characteristics of accumulated assets, including Housing and privately owned vehicles); 2. The closeness of ties between lending activity and demographic and social characteristics of the territories population was assessed within the framework of the behavioral finance concept, including age structure, education, migration mobility, marital status, etc. A high level of segmentation of the Far Eastern territories was established in terms of sensitivity to individual factors within both traditional, and the beha-vioral analysis. The research results prove the necessity of including a number of indicators in development programs aimed at increasing the migration attrac-tiveness of the territories, taking into account the differentiation of their influence on the population’s activity in local credit markets. A purposeful structural adjustment of the retail credit market was proposed under the institutional cha-racteristics of the emerging "Far Eastern financial center".

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - O. Renzin
AU  - T. Trop
AU  - E. Kuzmichev
PY  - 2019/01
DA  - 2019/01
TI  - Factors of the Population's Credit Activity: Regional Features on the Example of the Russian Far East
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 151
EP  - 153
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.34
DO  - 10.2991/iscfec-18.2019.34
ID  - Renzin2019/01
ER  -