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Title Trust cycle of the finance sector and its determinants: The case of Ukraine
Authors Brychko, Maryna Mykhailivna  
Polách, Jiří
Kuzmenko, Olha Vitaliivna  
Tadeusz, Olejarz
ORCID http://orcid.org/0000-0002-9351-3280
http://orcid.org/0000-0001-8575-5725
Keywords trust cycle
business cycle
financial cycle
economic agent's behaviour
довірчий цикл
цикл доверия
бізнес -цикл
бизнес- цикл
фінансовий цикл
финансовый цикл
поведінка економічного агента
поведение экономического агента
Type Article
Date of Issue 2019
URI https://essuir.sumdu.edu.ua/handle/123456789/85697
Publisher Journal of International Studies
License
Citation Brychko M., Kuzmenko O., Polách J., & Olejarz T. (2019). Trust cycle of the finance sector and its determinants: The case of Ukraine. Journal of International Studies, 12(4), 300-324. doi:10.14254/2071-8330.2019/12-4/20
Abstract 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.
Appears in Collections: Наукові видання (ННІ БіЕМ)

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Australia Australia
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Canada Canada
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Germany Germany
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India India
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