Financial Market Instruments in Conditions of Globalization

Lavryk, Oleksandr Leonidovych; Kovalenko, Tetiana

doi:10.35774/econa2017.04.133

Cited by 3 publications

(2 citation statements)

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“…2 Cryptocurrency transactions can be executed very quickly, especially when compared to banking transactions. 3 Cryptocurrencies provide security for transactions and exchange of digital assets without intermediaries. 4 Cryptocurrencies are not dependent on governments and financial institutions, so they can be used in any country.…”

Section: The Paper's Main Body With Full Reasoning Of Academic Resultsmentioning

confidence: 99%

Cryptocurrencies and Traditional Financial Instruments: A Comparative Analysis and Perspectives

Shevchenko¹,

Havryliuk²,

Рудич³

2023

Investytsiyi: praktyka ta dosvid

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М. М. Шевченко, к. е. н., доцент, доцент кафедри обліку і фінансів, Національний технічний університет "Харківський політехнічний інститут" В. М. Гаврилюк, к. е. н., доцент, асистент кафедри фінансів, банківської справи, страхування та електронних платіжних систем, Заклад вищої освіти "Подільський державний університет" О. О. Рудич, к. е. н., доцент кафедри фінансів банківської справи та страхування, Білоцерківський національний аграрний університет КРИПТОВАЛЮТИ І ТРАДИЦІЙНІ ФІНАНСОВІ ІНСТРУМЕНТИ: ПОРІВНЯЛЬНИЙ АНАЛІЗ І ПЕРСПЕКТИВИ Over the past few years, cryptocurrencies have become popular and are being used just as actively as traditional financial instruments. What is specific about cryptocurrencies is that they are only digital assets, but they can be used for storing and transferring significant sums of money (with low fees and no intermediaries), as well as for converting into fiat money. Despite the popularity of cryptocurrencies, traditional financial instruments remain the basis of the global economy due to their regulation. The advantages and disadvantages inherent in traditional financial instruments and cryptocurrencies shape the prospects for the development of each of these systems, taking into account that each user has their own considerations regarding the acceptability of profitability and riskiness of operations. The study aims to provide opportunities for comparative analysis of cryptocurrency and traditional financial instruments and to determine their development prospects. The results of the study demonstrate that the use of cryptocurrencies for transactions, combined with their advantages such as decentralization, anonymity, and fast transaction processing (compared to banking transactions), increases transaction profitability while also offering relative security and stability against external factors. However, the disadvantages of cryptocurrency, including high volatility, low liquidity, lack of regulation and limited circulation, risk of losing access

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Section: The Paper's Main Body With Full Reasoning Of Academic Resultsmentioning

confidence: 99%

Cryptocurrencies and Traditional Financial Instruments: A Comparative Analysis and Perspectives

Shevchenko¹,

Havryliuk²,

Рудич³

2023

Investytsiyi: praktyka ta dosvid

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“…Problems of increasing the effectiveness of financial market instruments in the conditions of globalization were highlighted in their works by the following domestic economists, in particular: Alekseienko (2016), Berdar & Kot (2020), Blinov (2020), Lavryk (2017), Onyshko (2018), Petruk, Novak (2020), Poliak (2016), Proboiv, Rohovska-Ishchuk (2018), Solodka (2017), Shevchenko (2012) and several others.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Development of Innovative Tools in Global Financial Markets

Danylkiv

Dropa

Petyk

et al. 2022

jpnu

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The purpose of the article is to study the theoretical foundations and develop practical recommendations for improving the process of functioning financial instruments in global financial markets. The article reveals the essence and characterizes the components of the modern global financial market, defines its role in the development of the national economy, and the peculiarities of its formation in the conditions of the expansion of innovative digital technologies. The essence of financial market instruments is revealed and the need to improve their investment qualities to the requirements of modern economic conditions is argued. Financial instruments that are in circulation on the financial market are systematized according to several features. Considerable attention is paid in the work to the circulation of innovative financial instruments, the main feature of which is a high level of risk. Peculiarities of the formation and functioning of derivative financial instruments were studied, and the essence and specifics of the use of credit notes on the stock market were revealed. The mechanism of circulation of credit notes is presented and their main functional features are defined. It is noted that the issuance and sale of credit notes enable borrowers to mobilize funds on the global financial markets, and improve their investment image in the international market through the formation of a high credit rating from global financial institutions. The peculiarities of cryptocurrency circulation on the global financial market from the point of view of today's most popular innovative financial instrument are revealed; the authors emphasized the dual nature of cryptocurrencies, as it has the properties inherent in stock market instruments and features that characterize financial pyramids. The dynamics of the development of the global cryptocurrency market over a long period have been analyzed. The peculiarities and problems of regulating the circulation and taxation of cryptocurrencies in Ukraine and the world are highlighted. The formation and specifics of circulation on the domestic financial market of bitcoin derivatives as a new financial instrument are described. The authors also focused attention on the spread of negative trends in the circulation of cryptocurrencies and substantiated possible ways to overcome them. The article analyzes the functioning and development of the option certificates and derivatives market in Ukraine in terms of stock and over-the-counter markets. The main factors restraining their development include inadequate regulatory and legal support, the small size of the markets, and a small number of tools used in them.

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The use of financial instruments: European experience and lessons for Ukraine

Yaremko¹,

Pikhnyak²,

Dumych³

2022

EEM

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This topic is relevant for the current study of the financial situation in general, and the derivatives market in particular. In this context, it is also important to outline the degree of state support for the development of the derivatives market, having previously identified the priority areas of state activity in this area. The current development of global financial markets indicates their growing efficiency and increasing role of international capital markets in attracting credit resources. The purpose of the article is to study, evaluate and analyze financial instruments, their impact on the national economy, as well as problems in the introduction of new financial instruments. The article summarizes and analyzes foreign experience in the use of financial instruments on the example of EU countries. The most effective methods of state regulation of financial instruments that can be applied in Ukraine are demonstrated. The dynamics of changes in financial instruments used in the Ukrainian financial market is investigated. The importance of using financial instruments in the Ukrainian economy is substantiated. The article identifies the most important problems and suggests methods and ways of more efficient functioning of the studied market. It is proved that to increase the country’s competitiveness in the world financial market it is necessary to develop new financial instruments. The data on the use of financial instruments along with their grouping for 2013-2021 are systematized. It is necessary to further strengthen the tendencies of providing various types of financial support for regional development. In the future, it should also be taken into account that an indispensable condition for sustainable and effective regional development is institutional support, first of all, it is about regional development funds, which provides for an increase in the budgetary self-sufficiency of the regions. Thus, the coordinated activity of the financial system in a harmonious and professional combination of its functions is possible with the assistance of the state apparatus and a developed financial market

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Financial Market Instruments in Conditions of Globalization

Cited by 3 publications

References 0 publications

Cryptocurrencies and Traditional Financial Instruments: A Comparative Analysis and Perspectives

Cryptocurrencies and Traditional Financial Instruments: A Comparative Analysis and Perspectives

Development of Innovative Tools in Global Financial Markets

The use of financial instruments: European experience and lessons for Ukraine

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