UKRAINE AND GERMANY: COMMON TENDENCIES OF FINANCIAL MARKET DEVELOPMENT ACCORDING TO THE BANK-CENTERED MODEL

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Tetiana Vasilyeva ORCID logo, Sergey V. Leonov, Sergey M. Kozmenko

DOI:10.22495/cocv9i1c2art1

Abstract

In order to confirm the hypothesis about the bank-centered type of the financial market in Ukraine we conducted a comparative analysis of individual indicators of the financial development of Ukraine and Germany, because the financial market of the latter is considered to be the classic example of the bank-centered model. Assuming that the parameters of the development of the banking system, stock market and economy in general of Germany and Ukraine are incommensurable at the present time, the authors introduced the time intervals (lags) which arise between the extremes of the fluctuating tendencies for each indicator.

Keywords: Banking System, Financial Market, Germany, Ukraine

How to cite this paper: Kozmenko, S. M., Vasilyeva, T. A., & Leonov, S. V.(2011). Ukraine And Germany: common tendencies of financial market development according to the bank-centered model. Corporate Ownership & Control, 9(1-2), 247-273. http://dx.doi.org/10.22495/cocv9i1c2art1