Methodological Bases of Research the Infrastructure of Financial and Credit Market
Journal: Oblik i finansi (Vol.1, No. 82)Publication Date: 2018-12-30
Authors : Oleksiy Kalivoshko;
Page : 124-130
Keywords : financial and credit market; infrastructure of the financial and credit market; infrastructure classification; infrastructure elements; types of infrastructure;
Abstract
The infrastructure of the financial market, as well as the market infrastructure, includes a large number of elements that are closely interconnected, which together play an important role in the economy. The structure of the financial market is complex and the functioning of its subjects has many aspects, so the infrastructure of the financial market is considered from different positions in the scientific literature. At the same time, various interpretations of the financial market infrastructure often do not introduce clarity, but lead to even greater uncertainty regarding the content of this concept. The purpose of the article is to disclose the methodological bases of research the infrastructure of financial and credit market. The analysis of scientific approaches to the interpretation of the essence of the concept "financial market infrastructure" was carried out. To the author's opinion the financial and credit market infrastructure is the organic unity of institutions, mechanisms and instruments that balance the supply and demand for the purchase and sale, issue and circulation of credit financial assets that ensure effective functioning and development of market. The infrastructure elements of the financial and credit market include: institutions, mechanisms and tools. Three forms of infrastructure of the financial and credit market were highlighted: international, national and local. The types and subtypes of infrastructure of the financial and credit market were highlighted. The requirements for infrastructure of the financial and credit market were defined, they are: economic efficiency, stability, elasticity, adjustability and versatility. It was proposed to distribute the objectives of the strategic and tactical level. The principles of the infrastructure of the financial and credit market define clarity and convenience. The main objectives of the infrastructure of the financial and credit market were substantiated.
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