Place of Financial Intermediaries in the System for Allocating Financial Resources in the Economy
Journal Title: Бізнес Інформ - Year 2015, Vol 11, Issue 0
Abstract
The article evaluates the role of financial intermediation in the system for allocating financial resources in the economy through the establishment of basic relationships and determining the characteristics of their interaction with other participants of financial market in the process of redistribution of financial resources. It is determined that financial intermediaries have the ability to cause corrective influence on the allocation of financial resources in the economy at the expense of changing the direction of financial flows. This influence can be both positive and negative - depending on the direction of flows of funds, terms of their involvement and redistribution, selected tools for moving resources, etc. A study on the characteristics of resources and their allocation among financial intermediaries and other allocation subjects helped to assess the current status and the extent of impact of financial intermediaries in the development of the economy. It has been found that contemporary financial intermediation activity are focused mainly on profit in the short term and does not take enough effective participation in the allocation of financial resources in the economy, operating mainly within the limits of financial sector. A promising direction for increase of the positive role of financial intermediaries in the context of allocating financial resources will be a departure from the financialization of the economy and shifting towards close cooperation with different sectors of the real economy.
Authors and Affiliations
Yulia Syrotiuk
Keywords
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