Illegal activities of financial intermediaries: A burden of trust crisis

Brychko, Maryna Mykhailivna; Savchenko, Taras Hryhorovych; Vasylieva, Tetiana Anatoliivna; Piotrowski, P.

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Title	Illegal activities of financial intermediaries: A burden of trust crisis
Authors	Brychko, Maryna Mykhailivna Savchenko, Taras Hryhorovych Vasylieva, Tetiana Anatoliivna Piotrowski, P.
ORCID	http://orcid.org/0000-0002-9351-3280 http://orcid.org/0000-0003-4793-054X http://orcid.org/0000-0003-0635-7978
Keywords	illegal activities financial intermediaries financial system financial institutions financial markets public security trust crisis протиправна діяльність противоправная деятельность фінансові посередники финансовые посредники фінансова система финансовая система фінансові установи финансовые учреждения громадська безпека общественная безопасность криза довіри кризис доверия
Type	Article
Date of Issue	2021
URI	https://essuir.sumdu.edu.ua/handle/123456789/85496
Publisher	Journal of International Studies
License	Creative Commons Attribution 4.0 International License
Citation	Brychko M., Savchenko T., Vasylieva T., Piotrowski P. Illegal activities of financial intermediaries: A burden of trust crisis // Journal of International Studies. 2021. № 14(1). P. 172-189. doi:10.14254/2071-8330.2021/14-1/12
Abstract	Based on the explication of structural and functional relations, a scientifically methodical approach to modeling the relationship between financial intermediaries' illegal activities, the trust crisis in the financial sector, and its deformations have been developed. Based on the construction and analysis of the relevant structural equations, it has been empirically confirmed that the probability of financial intermediaries' involvement in shadow transactions increases with the aggravation of the trust crisis in the financial sector. Using the tools of the structural equations modeling, a mediator analysis was performed, the results of which confirmed the hypothesis that the financial sectors’ trust crisis contributes to the degeneration of financial institutions and markets with regard to their depth, access, security and efficiency, which, accordingly, results in higher shadow transactions involving financial intermediaries.
Appears in Collections:	Наукові видання (ННІ БіЕМ)