scholarly journals ASSESSMENT OF THE CONDITION OF THE FINANCIAL MEDIATION SECTOR IN RUSSIA

2019 ◽  
Author(s):  
Л.А. Мусаев ◽  
Р.И. Гужулова
Keyword(s):  
Financial Market ◽  
Financial Resources ◽  
Financial Intermediaries ◽  
Economic Systems ◽  
Effective Functioning ◽  
Russian Economy ◽  
Legal Entities

Перераспределением временно свободных финансовых ресурсов экономических систем в лице физических и юридических лиц как вкладчиков и инвесторов для лиц, нуждающихся в этих ресурсах, для того чтобы осуществить расширенное воспроизводство, занимается финансовый рынок. Обеспечением эффективного функционирования данного рынка являются финансовые посредники как основные его участники. Развитие этих посредников предпосылка, которая необходима для того, чтобы формировать остальные сектора российской экономики. The redistribution of temporarily free financial resources of economic systems in the person of individuals and legal entities as investors and investors for those in need of these resources is carried out by the financial market in order to carry out expanded reproduction. The effective functioning of this market is ensured by financial intermediaries as its main participants. The development of these intermediaries is a prerequisite that is necessary in order to form the remaining sectors of the Russian economy.

scholarly journals FINANCIAL MARKET OF UKRAINE - A MODERN LOOK AT THE ESSENCE OF THE CONCEPT

2019 ◽  
pp. 13-20
Author(s):  
I. Blahun
Keyword(s):  
Financial Market ◽  
Financial Institutions ◽  
Financial Services ◽  
Basic Function ◽  
Insurance Companies ◽  
Financial Resources ◽  
Financial Intermediaries ◽  
Financial Instruments ◽  
Investment Funds ◽  
The Impact

The article presents a modern view of understanding of "financial market" concept, as the development of financial technologies gradually influences the change of paradigm of its functioning, new financial institutions, institutions of market infrastructure, financial instruments are emerging, as well as the development of forms of alternative financing. On the base of the systematization, it is determined that the term "financial market" in the current scientific literature is considered from three positions, first as a mechanism of distribution of financial resources, secondly, as a system of economic relations, and thirdly as a set of markets and institutions. As a result of the research on the contrary to the popular opinion that the financial services market and the financial market are two separate markets, it has been substantiated that the financial services market is a part of the financial market, because financial instruments are formed through the provision of financial services. The financial market and the market of financial services have common subjects - financial intermediaries (banks, insurance companies, non-government pension funds, investment funds, etc.), but at the same time the objects of these two markets are different. Financial instruments are objects for financial markets, and services – for the market of financial services. Through the process of financial services providing, financial intermediaries ensure the fulfilment of the basic function of the financial market, which is the redistribution of financial resources in the economy, thereby creating financial assets, liabilities, etc., which is the basis for the formation of financial instruments. Taking into account of the impact of fintech on the development of the financial market, author's definition was presented in this work as a system of financial institutions (market subjects), which create the conditions for transactions with financial instruments of economic agents (market objects) using appropriate infrastructure and financial technologies. Transfer of flows of financial resources in the economy at national, subnational and global levels, adequate assess of financial risks and ability to absorb exogenous and endogenous shocks were determined as a purpose of the functioning of the financial market. Keywords: fintech, financial instruments, financial institutions, financial services market, financial system, financial services..

scholarly journals THE PROBLEMS AND PROSPECTS FOR FINANCIAL INTERMEDIATION DEVELOPMENT IN UKRAINE

2019 ◽  
pp. 92-100
Author(s):  
Iryna PRIKHNO ◽  
Igor CHASTOKOLENKO ◽  
Artem MARCHENKO
Keyword(s):  
Financial Market ◽  
Financial Institutions ◽  
Banking Sector ◽  
Financial Intermediation ◽  
Financial Sector ◽  
Financial Resources ◽  
Financial Intermediaries ◽  
Banking Institutions ◽  
Business Entities ◽  
State Pension

In today's global economy, financial intermediation is an extremely powerful source of financial resources that can be used for investment purposes, since financial intermediaries can combine temporarily free (unused in the economy) financial resources of different business entities and direct them to those sectors of the economy that need investment. At the same time, financial intermediaries simultaneously provide the movement of financial assets and contribute to the development of the economy. It is proved that the objective need for a study of financial intermediation in Ukraine is to establish such a mechanism for the redistribution of financial resources in the country in order to achieve the maximum level of development of the economy both at the micro level and at the macro level. In Ukraine, the process of reforming the economy continues, including the financial market. The main participants in the financial market are financial intermediaries, which bring together buyers and sellers of financial assets. Activities of financial intermediaries in the financial market can be characterized by the fulfillment of the following main functions: accumulation of savings of economic entities; placing of attracted financial resources in the branches of economy; obtaining profit (own, as well as other economic entities); ensuring economic development. We believe that the main purpose of financial intermediaries is to create a balance in the financial market by matching interests and needs of all participants in the financial market and balancing demand and supply on financial resources. The most common is the division of financial intermediaries into banking institutions (banking sector) and non-bank financial institutions (non-banking financial sector). Currently, in Ukraine, banking institutions are represented by universal and specialized commercial banks of Ukraine, and non-bank financial institutions are represented by insurance and financial companies, credit unions and pawnshops, non-state pension funds and trust companies. According to statistics, the banking sector is larger in terms of assets, while the number of financial market participants is dominated by the non-banking financial sector. The analysis carried out shows an increase in the role of non-bank financial institutions in the financial market. Non-financial sector entities are dominated by financial companies. The article outlines the following main problems of the development of financial intermediation entities in Ukraine: the inconsistency of the financial system of Ukraine with the real sector of the economy, as a result of which the non-banking sector of the economy is not able to fully perform its main functions; the presence in the financial market of institutions that practically do not perform the functions assigned to them, thus creating significant risks for the normal functioning of the market; Ineffective legislation and an ineffective system for overseeing the activities of financial intermediaries, which gives rise to distrust of financial institutions; low level of financial literacy of the population. In order to overcome the problems identified and to provide an effective mechanism for the functioning of financial intermediary institutions in Ukraine, it is proposed to: introduce common rules of conduct in the financial market for banks and non-bank financial institutions, but taking into account the specifics of each type of financial intermediary; to intensify activity in the financial market of investment funds, insurance companies and non-state pension funds; Maximize the attraction of the non-banking financial sector to the development of the real sector of the economy; introduce a reliable mechanism for protecting the funds of the population and business entities; to create a service consulting center for the provision of services by non-bank financial institutions. We believe that the outlined directions for solving the problems of the development of financial intermediation create the basis for its further improvement and promote the activation of their effective activity.

Enterprise participation in financial markets and institutions. Monograph

2021 ◽  
Author(s):  
Sergey Kaledin
Keyword(s):  
Financial Markets ◽  
Economic System ◽  
Financial Market ◽  
Financial Resources ◽  
Financial Intermediaries ◽  
Economic Relations ◽  
Markets And Institutions ◽  
Investment Capital ◽  
Investment Process

The financial market is a combination of economic relations related to the allocation of financial resources, the purchase and sale of temporarily free money and securities. Any economic system is characterized by a complex and diverse structure of institutions that stimulate the investment process and the redistribution of financial resources. Such institutions, as financial intermediaries, invest separate financial resources of households and organizations in larger investment capital intended for placement among consumers - objects of investment. Финансовый рынок - это совокупность экономических отношений, связанных с распределением финансовых ресурсов, куплей-продажей временно свободных денежных средств и ценных бумаг. Для любой экономической системы характерна сложная и многообразная структура институтов, стимулирующих инвестиционный процесс, перераспределение финансовых ресурсов. Такие институты, являясь финансовыми посредниками, вкладывают отдельные финансовые средства домашних хозяйств и организаций в более крупный инвестиционный капитал, предназначенный для размещения среди потребителей — объектов инвестиций.

Foreign Direct Investments: The Indirect Way to Economy

2007 ◽  
pp. 63-75 ◽  
Author(s):  
A. Navoi
Keyword(s):  
Russian Federation ◽  
National Economy ◽  
Financial Resources ◽  
Foreign Direct Investments ◽  
Russian Economy ◽  
The Russian Federation ◽  
Methodological Aspects

The article analyzes the situation with attraction of foreign direct investments (FDI) into the Russian Federation. Sharply increased inflow of international financial resources into national economy has highlighted the problem of definitions, the reasons of this phenomenon and its economic contents. The article considers methodological aspects and economic essence of modern FDI. Special accent is made on the estimation of the situation with their attraction into Russia, FDI structure and effectiveness. The conclusions about basic directions of the increase of their effectiveness in the Russian economy are formulated.

Tools for Investing in the “Green” Economy: World Experience and Prospects in Russia

2020 ◽  
pp. 46-50
Author(s):  
N.I. Chovgan ◽  
◽  
O.S. Akupiyan ◽  
Keyword(s):  
Financial Market ◽  
Financial Institutions ◽  
Capital Market ◽  
Capital Flows ◽  
Green Economy ◽  
Financial Resources ◽  
Insurance Markets ◽  
Market Mechanisms ◽  
Research Areas ◽  
Reproduction Process

The development of the modern capital market and innovative technologies, including in the financial sector, creates the need to expand the research areas of the reproduction process and individual mechanisms that support it. Financial institutions are constantly required participants in responsible financing. Investors’ expectations regarding investments in environmental production and technologies reorient capital flows to these areas, and schemes for attracting financial resources and distributing risks in the process of implementing the principles of sustainable development are considered as unified. The article analyzes transformations and reviews the existing experience of forming appropriate mechanisms, justifies the functioning of the most effective ones. Among the investment and financial mechanisms of the “green” economy, the most important are budget investment mechanisms and financial market mechanisms. The mechanisms of the stock, credit and insurance markets are identified as components of the financial market mechanisms.

Regularities of development small entrepreneurship in regions 2015-2018

2019 ◽  
Vol 39 (2) ◽  
pp. 73-80
Author(s):  
I. S. Pinkovetskaia
Keyword(s):  
Initial Data ◽  
Statistical Data ◽  
Russian Economy ◽  
Business Structures ◽  
Regions Of Russia ◽  
Legal Entities

The aim of the study, the results of which are given in this paper, was to assess the saturation of the Russian economy with business structures. Statistical data for 2015 and 2017 were used as initial data. The indicators characterizing activity of subjects small entrepreneurship (legal entities and individual entrepreneurs) in regions of Russia are presented.

scholarly journals The effectiveness of capital management strategies used by the investment funds in Poland

2014 ◽  
Vol 15 (2) ◽  
pp. 119-129
Author(s):  
Paweł Trippner
Keyword(s):  
Financial Market ◽  
Financial Intermediation ◽  
Management Strategies ◽  
Financial System ◽  
The State ◽  
Financial Intermediaries ◽  
Investment Strategies ◽  
Capital Management ◽  
Investment Funds ◽  
Location Policy

Abstract Collective investors play an extremely important role in the financial system of the state and in the economy. They operate in the financial market as institutions that enable households and businesses to convert savings into investments. Investment funds are the most conventional institutions which are dealing with financial intermediation. The main purpose of the submitted paper is to characterise the essence of investment funds operation in the role as financial intermediaries, to present the investment strategies and to characterise the methodology for measuring the effectiveness of capital management entrusted by the clients. The author has formulated a research hypothesis, according to which, the strategies of capital location policy used by the investment funds have an impact on the level of their performance, while funds holding higher risk portfolios perform better compared to the funds using passive investment strategies

EVALUATION OF THE EFFECTIVENESS OF INNOVATIVE DEVELOPMENT OF HIGH-TECH SECTORS OF THE RUSSIAN ECONOMY

2021 ◽  
Vol 3 (5) ◽  
pp. 19-22
Author(s):  
A. M. GUBERNATOROV ◽  
Keyword(s):  
Large Scale ◽  
High Tech ◽  
Economic Systems ◽  
Innovative Development ◽  
Development Indicators ◽  
Russian Economy ◽  
Main Development ◽  
Key Indicators ◽  
Digital Processes

The article deals with the management of innovative development of economic systems. Enterprises of high-tech sectors of the economy were selected as the object of the study. It is proved that innovative trans-formations in the chosen industry are inevitable and this industry is undergoing significant transformations caused by large-scale digital processes. It is proved that the effectiveness of the innovative development of the industry is associated with the monitoring of its main development indicators, and therefore a system for evaluating the innovative development of high-tech industries based on key indicators is proposed.

MULTI-FACTOR MODELING OF THE DEVELOPMENT OF PAID SERVICES TO THE POPULATION

2020 ◽  
pp. 70-79
Author(s):  
Ksenia V. Barmina ◽  
◽  
Marina V. Shinkevich ◽  
Farida F. Galimulina ◽  
◽  
...  
Keyword(s):  
Service Sector ◽  
Urban Infrastructure ◽  
Economic Systems ◽  
Innovative Development ◽  
Key Factors ◽  
Strategy Of Development ◽  
Russian Economy ◽  
Factor Modeling ◽  
Services Innovation ◽  
Relationship Of

The imbalance in the structure of the range of paid services provided to the population, caused by the COVID-19 pandemic, requires a flexible approach to management, identification of alternative business methods, and greater adaptation to the needs of the population. This trend determines measures to manage the urban infrastructure of public services, innovation and investment activities aimed at improving the efficiency of economic systems. The purpose of this study is to build a model for managing the development of paid services, taking into account the key factors of development, aimed at identifying the potential for improving the service sector. The goal was achieved by solving the following tasks: to diagnose the innovative development of paid services to the population; to build an economic and mathematical model for the development of paid services; to determine the direction of development of paid services to the population. The research methods used are comparison, analysis, synthesis, system approach, economic and mathematical modeling. The study identified features of innovative development of sphere of services, characterized by less active innovative activity on industrial production driven by economic factors; the model of «Three I» the development of services based on a mathematical relationship of infrastructure investment and innovative way to develop a balanced strategy of development of sphere of paid services to the population in the Russian economy. Based on this model, a set of recommendations can be formed to ensure business flexibility in the service sector in the conditions generated by the COVID-19 pandemic.

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