Template-Type: ReDIF-Paper 1.0 Author-Name: Andrey Zubarev Author-Name-First: Andrey Author-Name-Last: Zubarev Author-Workplace-Name: Gaidar Institute for Economic Policy Title: Russian Banking System: Stability Factors In the Wake of 2008-2009 Crisis Abstract: This paper discusses different approaches to theoretical and empirical models of bank defaults. Through constructed binary probabilistic models of defaults the paper reveals key factors which have an impact on the viability of Russian banks during the financial crisis of 2008 to 2009. Policy recommendations of the Central Bank of Russia and the banking supervision and regulation aimed at preventing bank defaults in the event of such crises in the future are formulated based on the model results. Length: 19 pages Creation-Date: 2013 Revision-Date: 2013 Classification-JEL: E41, E51, E58, G21, G24, G28 Keywords: bank default, financial crisis, binary models, policy of the Central Bank of Russia. File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0049Zubarev.pdf File-Format: Application/pdf File-Function: Revised version, 2013 Handle: RePEc:gai:wpaper:0049