Ринок фінансового посередництва
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Date
2014
Journal Title
Journal ISSN
Volume Title
Publisher
Український інститут розвитку фондового ринку
Abstract
There was theoretical going exposed in the article with definition of financial
mediation essence, grounded role and importance of financial mediation in the
market economy. The article is devoted to the study of theoretical approaches to
determining the nature of financial mediation, grounding the role and importance
of financial mediation in the market economy. Financial intermediaries play an
important role in the money market functioning and through it in the market
economy development, their economic goal consists in providing basic money
market entities with highest favorable conditions for their successful operating.
Review of financial intermediary’s activity indicates their important role in the
funds transferring within the financial system, to make easier this process between
«points of savings excess» and «points of savings shortage». Complex and various
structures of the institutions engaged in the savings mobilization and its further
investments with the income obtaining purpose, ensures the effectiveness of financial
intermediaries activity. Review of the different author’s approaches to the study of
«financial mediation» and scientific views systematization gives consideration to
assert different interpretations and collision of the concept essence definition that
more fully revealed through its classification. This will provide an opportunity to
highlight those financial intermediaries that are crucial and important according
to its functional purpose and nature of the services provided. In particular, it’s
worth noting that financial service is the product of financial intermediary’s
activity. International researches show that there is more productive growth of
national wealth in the countries with a developed system of financial intermediaries,
which mean « relatively higher accumulated financial potential per unit of GDP».
Financial institutions in advanced economies perform the redistribution of financial
assets among market participants, forwarding to its savings. Ukraine belongs to
the countries with the developing economies and, consequently, financial mediation
is in the early stages of development. The volume of capital attracted by financial
intermediary describes its position among companies of such type. They try to
improve the quality and moderateness of its services competing with each other and
to provide additional benefits to shareholders. The presence of such internal group
competition makes financial intermediaries to reduce their costs of doing business
in order to decreasing value of their services. There are also intergroup competition
occurs. Financial intermediaries functioning play a vital role in ensuring public
welfare and have a positive impact on the economy of Ukraine over promotion of
the efficient capital allocation and ability of investment resources extension.
Description
Keywords
фінансове посередництво, банк, фінансові послуги, financial mediation, bank, financial services
Citation
Крук В. Ринок фінансового посередництва / Володимир Крук, Володимир Ковтун // Ринок цінних паперів. – 2014. – № 11–12. – С. 21–25.