THE FINANCIAL SECTOR IN THE FINANCIAL SYSTEM ECONOMY: THEORETICAL ASPECTS
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2015, Vol 6, Issue 171
Abstract
Broad and narrow approaches of the financial system are obtained. The difference between the financial system and the financial sector (the financial corporations sector) is shown. Organizational and institutional matrix of the financial system of the economy is proposed. Key positions of institutional sectors classification of Ukraine's economy are analyzed, as well as the System of National Accounts with respect to the financial sector of corporations. The structure of the sector of financial corporations in Ukraine is defined. Introduction. There is no clear delimitation, and well-defined interpretation of the financial system and the financial sector in foreign and domestic sources. This is due to historical and national conditions of economic development. The aim of the article is to study the place of the financial sector in the financial system and the economy as well as to determine its nature and structure. Result. The financial system has broad and narrow understanding. There is a need to bring the interpretation and structure of the financial system to the System of National Accounts and the Classification of institutional sectors of economy of Ukraine. Organizational and institutional matrix of the financial system allows y to see the place in the financial sector (the financial corporations sector). The financial sector includes subsectors: 1) financial intermediaries; 2) auxiliary financial corporations; 3) other financial corporations. Conclusion. The financial system and the financial sector cannot be static. With the development of economy is the development of parallel financial relations that appear to change the approach to their structure. In order to develop effective forms of cooperation and financial management of society is necessary to bring the financial theory into line with modern realities and practice management.
Authors and Affiliations
Yulia Kovalenko
Keywords
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- EP ID EP393861
- DOI 10.17721/1728-2667.2015/171-6/7
- Views 73
- Downloads 0
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