Development of the Financial Services Market in the Conditions of Economic Turbulence
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Date
2022
Authors
Ostrovska, Natalia
Popova, Liubov
Pylevych, Dmytro
Panchenko, Olena
Kozlianchenko, Olena
Bazilinska, Olena
Journal Title
Journal ISSN
Volume Title
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Abstract
The article is devoted to the study of the development of the financial services market in conditions of economic turbulence. The concept, essence and approaches to its understanding are clarified. Stabilizing and destabilizing factors that affect the development of financial services market are identified. In order
to study the development of financial services market in conditions of economic turbulence, the article focuses on its essence and leading manifestations. For the purpose of effective functioning in the conditions of economic turbulence the process of detection of turbulence and development of the corresponding
actions taking into account preconditions, the reasons and catalysts of turbulent processes is offered. The main turbulent processes that negatively affect the development of the financial services market are identified, including: occupation of part of the territory, hostilities and further escalation of the conflict,
political instability, devaluation of the national currency, deteriorating macroeconomic situation, reducing the number of financial services market participants. These processes are considered and their impact on the development of financial services market is outlined.
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Keywords
financial market, financial services market, development, turbulence, economic turbulence, article
Citation
Development of the Financial Services Market in the Conditions of Economic Turbulence / Natalia Ostrovska, Liubov Popova, Dmytro Pylevych, Olena Panchenko, Olena Kozlianchenko, Olena Bazilinska // International Journal of Computer Science and Network Security. - 2022. - Vol. 22, No. 1. - P. 509-516. - https://doi.org/10.22937/IJCSNS.2022.22.1.66