DOI: https://doi.org/10.18371/fcaptp.v1i24.128474

GLOBAL FINANCIAL SYSTEM: RISKS AND FORECASTS

V. Ye. Khaustova, N. V. Demchenko, V. G. Kovalchuk, M. V. Volkova

Abstract


The article is devoted to the analysis of the causes of the series of successively occurring crisis phenomena in the global financial system, the identification of imbalances and financial risks of development at the present stage. The article is dedicated to the evolution of the overall structure of the international financial sector, discusses the role of the euro area financial sector in financing non–financial corporations and analyses interconnectedness across different parts of the financial sector in order to assess possible structural risks to financial stability in the euro area and in the world. definition of existing risks and imbalances in the development of the global financial and economic sphere, as well as the possible directions of their minimization. The purpose of the article is to  definition of existing risks and imbalances in the development of the global financial and economic sphere, as well as the possible directions of their minimization.


Keywords


globalization; imbalances; financial risks; Eurozone; financial relations.

Full Text:

PDF

References


Global financial stability report 2017. (2017). Washington: International Monetary Fund, 126 p.

Baker, S. R., Bloom, S., & Davis, S. J. (2016). Measuring Economic Policy Uncertainty. Quarterly Journal of Economics, 131(4), 1593–1636. Available at: http://doi:10.1093/qje/qjw024

Bloomberg Risk Indicators Matrix. Available at: https://www.bloomberg.com/graphics/global–risk–briefing

Morelli, V. L. (2016). Ukraine: Current Issues and U.S. Policy. Congressional Research Service. Available at: https://fas.org/sgp/crs/row/RL33460.pdf

South China Sea Ruling Increases Uncertainty for Shipping, Trade. (2016, July 14). The Wall Street Journal. Available at: http://www.wsj.com/articles/south–china–sea–ruling–increases–uncertainty–forshipping –trade–1468487095

Schengen: Controversial EU free movement deal explained. (2016, April 24). BBC News. Available at: http://www.bbc.com/news/world–europe–13194723

Planning for Brexit Operational impacts on wholesale banking and capital markets in Europe. Available at: https//www.afme.eu/globalassets/downloads/publications/afme–pwc–planning–for–brexit.pdf

Ekonomika Yevropy v 2017 godu bez kataklizmov. RIA Novosti Ukraina. Available at: http://rian.com.ua/abroad /20170109/1020328812.html

Financial Stability Review May 2017. Available at: https://www.ecb.europa.eu /pub/pdf/other/financialstabilityreview201705.en.pdf

Gertler, M., & Kiyotaki, N. (2015). Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy. American Economic Review, 105(7), 2011–2043.

Hanson, S. G., & Stein, J. C. (2015). Monetary Policy and Long–term Real Rates. Journal of Financial Economics, 115(3), 429–448.


GOST Style Citations


Global financial stability report 2017 [Text]. – Washington : International Monetary Fund, 2017. – 126 p.

Baker, S. R. Measuring Economic Policy Uncertainty [Electronic resource] / Scott R. Baker, Nicholas Bloom, Steven J. Davis // Quarterly Journal of Economics. – 2016. – Vol. 131, Issue 4. – P. 1593–1636. – Available at: http://doi:10.1093/qje/qjw024.

Bloomberg Risk Indicators Matrix [Electronic resource]. – Available at https: //www.bloomberg.com/graphics/global–risk–briefing.

Morelli, V. L. Ukraine: Current Issues and U.S. Policy [Electronic resource] / Vincent L. Morelli ; Congressional Research Service. – Available at: https://fas.org/sgp/crs/row/RL33460.pdf.

South China Sea Ruling Increases Uncertainty for Shipping, Trade [Electronic resource] // The Wall Street Journal. – 2016. – 14 July. – Available at: http://www.wsj.com/articles/south–china–sea–ruling–increases–uncertainty–forshipping –trade–1468487095.

Schengen: Controversial EU free movement deal explained [Electronic resource] // BBC News. – 2016. – 24 April. – Available at: http://www.bbc.com/news/world–europe–13194723.

Planning for Brexit Operational impacts on wholesale banking and capital markets in Europe [Electronic resource]. – Available at: https //www.afme.eu/globalassets/downloads/publications/afme–pwc–planning–for–brexit.pdf.

Экономика Европы в 2017 году: без катаклизмов [Электронный ресурс] // РИА Новости Украина. – Режим доступа: http://rian.com.ua/abroad /20170109/1020328812.html.

Financial Stability Review May 2017 [Electronic resourсe]. – Available at: https://www.ecb.europa.eu /pub/pdf/other/financialstabilityreview201705.en.pdf.

Gertler, M. Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy [Text] / Mark Gertler, Nobuhiro Kiyotaki // American Economic Review. – 2015. – Vol. 105, № 7. – P. 2011–2043.

Hanson, S. G. Monetary Policy and Long–term Real Rates [Text] / Samuel G. Hanson, Jeremy C. Stein // Journal of Financial Economics. – 2015. – Vol. 115, Issue 3. – P. 429–448.





Copyright (c) 2018 V. Ye. Khaustova, N. V. Demchenko, V. G. Kovalchuk, M. V. Volkova

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN (print) 2306-4994, ISSN (on-line) 2310-8770