Models of financial intermediation and their classification in Ukraine

Economic Annals-XXI: Volume 131, Issue 7-8(1), Pages: 72-75

Citation information:
Cheberyako, O., & Loboda, A. (2013). Models of financial intermediation and their classification in Ukraine. Economic Annals-XXI, 7-8(1), 72-75. https://ea21journal.world/index.php/ea-v131-19/

Oksana Cheberyako
PhD (Economics),
Senior Lecturer,
Taras Shevchenko Kyiv National University, Ukraine
cheberyako@ukr.net

Anna Loboda
Post-Graduate Student,
Taras Shevchenko Kyiv National University, Ukraine
annalobodaflower@ukr.net

Models of financial intermediation and their classification in Ukraine

Abstract. The authors consider the main approaches to classification of financial intermediaries in Ukraine. The study explains most important differences between market-based and bank-based models of financial intermediation and offers a description of financial intermediaries in Ukrainian conditions with the place of the financial intermediaries identified in the financial system of Ukraine.

The results of the research allow drawing some conclusions. According to the financial system models under consideration, the financial intermediaries are comprised in two groups: the banks and non-bank financial intermediaries that involve the direct and indirect financial intermediaries on the financial market of Ukraine.

The classification of financial intermediaries needs additional research under expanding sector of financial services, amendment of the legislation or a threat of economic crisis.

Keywords: Bank-Based Financial Intermediaries; Market-Based Financial Intermediaries; Financial Intermediaries; Financial Market; Financial System

JEL Classification: G20

References

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Received 24.05.2013