Accumulation of Financial Resources by Financial Intermediaries and its Impact on the Economic Development

Journal Title: Бізнес Інформ - Year 2014, Vol 8, Issue 0

Abstract

The article analyzes the effect of the potential of financial intermediaries to provide the economic development with investment resources. The current state of security of financial intermediaries with the necessary resources and the characteristics of their investment activities was analyzed. The study found that modern Ukrainian economy develops in a shortage of investment resources, the minimum required amount of investment resources for economic recovery was defined, and finding the sources of financing was identified as a key factor of economic growth. On the basis of correlation and regression analysis the close linear relationship growth rates of real GDP growth rates of investment in fixed assets and the growth of investment in fixed capital gains assets accumulated by financial intermediaries in Ukraine were revealed. It was proved that in this aspect financial intermediaries have significant potential to provide the economy with investment resources. The directions for enhancing the participation of financial intermediaries in the financial support of economic development were identified, namely, the creation of favorable conditions for increasing the resource base and the establishment of mechanisms for transfer of financial resources between the financial and real sectors of the economy with financial intermediaries.

Authors and Affiliations

Tetiana Paientko, Yulia Syrotiuk

Keywords

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  • EP ID EP116357
  • DOI -
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How To Cite

Tetiana Paientko, Yulia Syrotiuk (2014). Accumulation of Financial Resources by Financial Intermediaries and its Impact on the Economic Development. Бізнес Інформ, 8(0), 237-242. https://europub.co.uk/articles/-A-116357