The Financial Market as an Economic Category: Its Characteristic Features, Social Purpose, and Functions in the Modern Information Society
Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 1
Abstract
The article aims to study the financial market as an economic category with its characteristic features, objective socioeconomic purpose realized through the financial market functions. As an economic category, the financial market is essentially a system of economic relations whose subject matter is monetary capital and the objective is realization of its movement towards a higher rate of return. The article substantiates that the characteristic features of the financial market of the present-day information age are its heterogeneity, a high level of uncertainty, a trend towards globalization, and a focus on innovation. Each of the features, having multiple manifestation aspects, is closely connected with the other features. The socioeconomic purpose of the financial market consists in realization of the monetary capital movement. The objective functions of the market are the accumulative, investment, price, and information functions. The article also considers the connection between the economic category of the financial market and the other financial categories and observes the connection between the financial market and the financial service market.
Authors and Affiliations
Nadiya Ryazanova
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