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Title Trust in the banking sector: EU experience and evidence from Ukraine
Authors Savchenko, Taras Hryhorovych  
Kovacs, L.
Keywords bank
банк
central bank
центральний банк
центральный банк
monetary policy
монетарна політика
монетарная политика
trust in banks
довіра до банків
доверие к банкам
Type Article
Date of Issue 2017
URI http://essuir.sumdu.edu.ua/handle/123456789/61728
Publisher Sumy State University
License
Citation Savchenko, T., Kovács, L. (2017). Trust in the banking sector: EU experience and evidence from Ukraine. Financial Markets, Institutions and Risks, 1(1), 29-42. http://doi.org/10.21272/fmir.1(1).29-42.2017.
Abstract This work presents the results of the investigation of trust to banks in European Union as well as in Ukraine. The special focus was on relevant documents that describe the strategic directions of the Ukrainian banking system’s future development in the context of restoring trust to banks. Furthermore, some of the quantitative results of the authors’ previous publications are summarized, as they may prove valuable in the study of the subject. The authors concluded that the recent crisis is a stark reminder that banking functioning based on trusting. The dramatic changes in the banking environment brought about by financial innovation and technological progress have not diminished the role of trust in banking. Any lack of trust significantly impairs the functioning of the banking sector and prevents banks from contributing to economic growth.
Appears in Collections: Financial Markets, Institutions and Risks (FMIR)

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Finland Finland
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Germany Germany
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Ukraine Ukraine
2232
United Kingdom United Kingdom
11696
United States United States
72491
Unknown Country Unknown Country
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