ANALYSIS OF THE ACTIVITIES OF THE MAIN FINANCIAL INTERMEDIARIES ON THE INTERNATIONAL MARKET

Keywords: financial market, financial intermediaries, banks, non-bank financial institutions, credit unions, insurance companies

Abstract

The article is devoted to the activity of financial intermediaries on the international market. The purpose of the article is theoretical substantiation and development of practical recommendations regarding the activity of intermediaries in international trade, the subject of which is the role of intermediaries in international trade and the functioning of financial intermediaries in the international financial market. The chosen topic is currently particularly relevant, since no enterprise, both Ukrainian and foreign, can do without the help of intermediaries. Trading activity is an integral element of the market economy. It is difficult to find an entrepreneur who does not use the services of intermediaries or who himself does not act as an intermediary in the implementation of commercial transactions. An equally important role in all segments of the international financial market is played by financial intermediaries who ensure constant interaction between countries and direct the flow of capital to the most efficient consumers. Research methods in the article are compiled using a systematic approach, statistical and theoretical analysis to determine the main activity of intermediary activity, comparison of types of intermediaries in the international market, as well as comparison of financial intermediaries, conducting an economic analysis to study the financial market, conducting an operational and cost analysis to expand the understanding of profitability of banks, cost and profitability of specific operations, conducting a macroeconomic analysis to compare the activity of financial intermediaries on the international market. In the practical sense of the obtained results, the activity of the main financial intermediaries on the international market was assessed. The influence of the system of intermediary activity on the competitiveness of banking activity is analyzed. The activity of financial intermediaries was evaluated in three main areas: Ukrainian, European and American. In the theoretical and methodological direction, a general set of characteristics and activities of intermediaries in international trade was carried out.

References

Марченко В.М., Шутюк В.В. Логістика : Підручник. Київ : Видавничий дім «Артек», 2018. 312 с.

Мельник П.В., Тарангул Л.Л., Гордей О.Д. Банківські системи зарубіжних країн : підручник. Київ : Центр учбової літератури, 2010. 586 с.

Коваленко А.І. Теоретичні та методологічні аспекти використання. Концепція конкурентоспроможності в наукових дослідженнях. Теоретична конкуренція. 2013. № 6. C. 72–82.

Сало І.В., Мирошниченко О.В. Система управління конкурентоспроможністю банку. Актуальні проблеми економіки. 2012. №5. C. 279–286.

Зимовець В.В., Зубик С.П. Фінансове посередництво. Київ : КНЕУ, 2004. 288 с.

Арутюнян С.С., Добриніна Л.В., Гуляєва В.М. Фінансовий ринок : навч. посібник / за заг.ред. Арутюнян С.С. 2018. 484 с.

Офіційний сайт Національного банку України. URL: www.bank.gov.ua (дата звернення: 03.11.2022).

Federal Reserve Board – Home офіційний сайт. URL: https://www.federalreserve.gov/releases/lbr/current/default.htm (дата звернення: 03.12.2022).

Kidwell, D.S., Blackwell, D.W., Whidbee D.A. and Sias R.W. Financial Institutions, Markets, and Money, 11th ed., John Wiley & Sons, Inc., Danvers, 2012. 708 p.

Freedom finance. 2021. URL: https://ffin.ua/ru/blog/articles/investytsiini-ohliady/post/yak-skilky-ta-u-shcho-investuiut-amerykantsi (дата звернення: 03.12.2022).

EBF Banking in Europe – Facts and Figures.docx 2020. URL: https://www.ebf.eu/wp-content/uploads/2022/01/FINAL-Banking-in-Europe-EBF-Facts-and-Figures-2021.-11-January-2022.pdf

One Third of European Banks Closed Since. 2008. URL: https://finanso.se/one-third-of-european-banks-closed-since-2008 (дата звернення: 03.12.2022).

Marchenko V.M., Shutyuk V.V. (2018), Logistics: Textbook. Kyiv: Artek Publishing House, 312 p. (in Ukrainian)

Melnyk P.V., Tarangul L.L., Gordey O.D. (2010), Banking systems of foreign countries: a textbook. Kyiv: Center of Educational Literature, 586 p. (in Ukrainian)

Kovalenko A.I. (2013), Theoretical and methodological aspects of use. The concept of competitiveness in scientific research. Theoretical competition, no. 6, pp. 72–82 (in Ukrainian)

Salo I.V., Myroshnychenko O.V. (2012), Bank competitiveness management system. Actual problems of the economy, no. 5, pp. 279–286. (in Ukrainian)

Zymovets V.V., Zubyk S.P. (2004), Financial intermediation. KNEU, 288 p. (in Ukrainian)

Arutyunyan S.S., Dobrynina L.V., Gulyaeva V.M. (2018), Financial market: Education. manual for the general editor Harutyunyan S.S. 484 p. (in Ukrainian)

Official website of the National Bank of Ukraine Available at: www.bank.gov.ua. (accessed November 03, 2022)

Federal Reserve Board – Home official site. Available at: https://www.federalreserve.gov/releases/lbr/current/default.htm. (accessed November 03, 2022)

Kidwell, D.S., Blackwell, D.W., Whidbee D.A. and Sias R.W. (2012), Financial Institutions, Markets, and Money, 11th ed., John Wiley & Sons, Inc., Danvers, 708 p. (accessed November 03, 2022)

Freedom finance 2021 Available at: https://ffin.ua/ru/blog/articles/investytsiini-ohliady/post/yak-skilky-ta-u-shcho-investuiut-amerykantsi (accessed November 03, 2022)

EBF Banking in Europe – Facts and Figures.docx 2020. Available at: https://www.ebf.eu/wp-content/uploads/2022/01/FINAL-Banking-in-Europe-EBF-Facts-and-Figures-2021.-11-January-2022.pdf. (accessed November 03, 2022)

One Third of European Banks Closed Since 2008. Available at: https://finanso.se/one-third-of-european-banks-closed-since-2008 (accessed November 03, 2022)

Article views: 250
PDF Downloads: 300
Published
2023-01-31
How to Cite
Bozhkova, V., Samoday, V., & Mashyna, Y. (2023). ANALYSIS OF THE ACTIVITIES OF THE MAIN FINANCIAL INTERMEDIARIES ON THE INTERNATIONAL MARKET. Economy and Society, (47). https://doi.org/10.32782/2524-0072/2023-47-1
Section
FINANCE, BANKING AND INSURANCE