Trust cycle of the finance sector and its determinants: The case of Ukraine

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F19%3AN0000067" target="_blank" >RIV/04130081:_____/19:N0000067 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.jois.eu/?572,en_trust-cycle-of-the-finance-sector-and-its-determinants-the-case-of-ukraine" target="_blank" >https://www.jois.eu/?572,en_trust-cycle-of-the-finance-sector-and-its-determinants-the-case-of-ukraine</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.14254/2071-8330.2019/12-4/20" target="_blank" >10.14254/2071-8330.2019/12-4/20</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Trust cycle of the finance sector and its determinants: The case of Ukraine

Popis výsledku v původním jazyce

The paper presents the results of exploring the characteristics of trust cycle in the financial sector of the economy in general and across its main components (trust in banking and non-bank financial and credit systems) illustrated by the economy in transition-Ukraine-for the period 1st quarter 2009-1st quarter 2018. Determinants of nonlinear dynamics of public trust in the financial sector of the economy were also identified. For this purpose, an algorithm has been developed that enables studying the cyclical nature of public trust in the financial sector and testing the hypotheses about the determinants of its nonlinear dynamics. To highlight the cyclical component of the time series, harmonic analysis via Fourier transformations was used. In order to analyze public trust in the financial sector and its main components the following indicators were used: absolute volatility, relative volatility (in relation to financial and business cycles), the persistence of actual values and cyclic components, correlation with financial and business cycles. Our main result is that trust in the banking system has a greater cyclical amplitude than the national economy, the financial sector of the economy, and psychological dimensions of economic agents (a propensity to save and financial savings). High volatility of trust in the banking system indicates that any news or an event could lead to destabilization processes, ignoring of which may lead to a banking crisis.

Název v anglickém jazyce

Trust cycle of the finance sector and its determinants: The case of Ukraine

Popis výsledku anglicky

The paper presents the results of exploring the characteristics of trust cycle in the financial sector of the economy in general and across its main components (trust in banking and non-bank financial and credit systems) illustrated by the economy in transition-Ukraine-for the period 1st quarter 2009-1st quarter 2018. Determinants of nonlinear dynamics of public trust in the financial sector of the economy were also identified. For this purpose, an algorithm has been developed that enables studying the cyclical nature of public trust in the financial sector and testing the hypotheses about the determinants of its nonlinear dynamics. To highlight the cyclical component of the time series, harmonic analysis via Fourier transformations was used. In order to analyze public trust in the financial sector and its main components the following indicators were used: absolute volatility, relative volatility (in relation to financial and business cycles), the persistence of actual values and cyclic components, correlation with financial and business cycles. Our main result is that trust in the banking system has a greater cyclical amplitude than the national economy, the financial sector of the economy, and psychological dimensions of economic agents (a propensity to save and financial savings). High volatility of trust in the banking system indicates that any news or an event could lead to destabilization processes, ignoring of which may lead to a banking crisis.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of International Studies

ISSN

2071-8330

e-ISSN

2306-3483

Svazek periodika

12

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

25

Strana od-do

300-324

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85077458836