Modeling the segment interactions of Ukraine’s financial market
This study is devoted to assessing the level of individual segments interconnectedness within the financial market of Ukraine (FMU) and their dynamics in uncertain conditions. The methodology of the systematic approach is used to investigate the dynamic relationship between individual segments of th...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2020-05-01
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| Series: | Investment Management & Financial Innovations |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13518/IMFI_2020_02_Prymostka.pdf |
| _version_ | 1818210670191050752 |
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| author | Liudmyla Prymostka Іryna Krasnova Ganna Kulish Andrii Nikitin Valentyna Shevaldina |
| author_facet | Liudmyla Prymostka Іryna Krasnova Ganna Kulish Andrii Nikitin Valentyna Shevaldina |
| author_sort | Liudmyla Prymostka |
| collection | DOAJ |
| description | This study is devoted to assessing the level of individual segments interconnectedness within the financial market of Ukraine (FMU) and their dynamics in uncertain conditions. The methodology of the systematic approach is used to investigate the dynamic relationship between individual segments of the financial market of Ukraine, namely credit (deposit-credit) market, stock market (market of securities), government securities market, currency market, and interbank market. The study of financial market dynamics focuses on the description of the price indicators of individual market segments, which are monitored using time series analysis and statistical methods. The results of the time series assessment revealed the fractal characteristics of the Ukrainian financial market as a measure of sustainability (namely inertia). It is revealed that all segments of the financial market, except credit, are characterized by persistence. It is established that the development of market segments is uneven and is characterized as bifurcation. The credit segment is addicted to insider behavior and has the highest risk concentration. It is revealed that the foreign exchange market is still in crisis. The results of modeling the correlation relationships between market segments have shown that, in the presence of such relationships, they differ in the strength and nature of the interaction. They are volatile, unstable, and situational, dependent on external conditions. The credit market has a relationship with other segments, not significantly strong but stable. The results of the analysis indicate the dynamic development of segments within the Ukrainian financial market in the presence of interconnections between them.
AcknowledgmentThe study was conducted within the framework of the State Budget of the Kyiv National Economic University named after Vadym Hetman on the topic “Innovative development of banking activities in the integrated financial environment” (state registration number 0117U001178).
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| first_indexed | 2024-12-12T05:20:17Z |
| format | Article |
| id | doaj.art-667ee9abe8434b76b9cf6bb05576e27f |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2024-12-12T05:20:17Z |
| publishDate | 2020-05-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-667ee9abe8434b76b9cf6bb05576e27f2022-12-22T00:36:38ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582020-05-0117210111210.21511/imfi.17(2).2020.0913518Modeling the segment interactions of Ukraine’s financial marketLiudmyla Prymostka0https://orcid.org/0000-0001-5490-2112Іryna Krasnova1https://orcid.org/0000-0002-4507-6629Ganna Kulish2https://orcid.org/0000-0001-5439-121XAndrii Nikitin3https://orcid.org/0000-0001-9184-6471Valentyna Shevaldina4https://orcid.org/0000-0001-7496-1443Doctor of Economics, Professor, Head of the Department of Banking, Kyiv National Economic University named after Vadym HetmanDoctor of Economics, Associate Professor, Department of Banking, Kyiv National Economic University named after Vadym HetmanPh.D. in Economics, Associate Professor, Department of Corporate Finance and Controlling, Kyiv National Economic University named after Vadym HetmanPh.D. in Economics, Associate Professor, Department of Banking, Kyiv National Economic University named after Vadym HetmanPh.D. in Economics, Associate Professor, Department of Banking, Kyiv National Economic University named after Vadym HetmanThis study is devoted to assessing the level of individual segments interconnectedness within the financial market of Ukraine (FMU) and their dynamics in uncertain conditions. The methodology of the systematic approach is used to investigate the dynamic relationship between individual segments of the financial market of Ukraine, namely credit (deposit-credit) market, stock market (market of securities), government securities market, currency market, and interbank market. The study of financial market dynamics focuses on the description of the price indicators of individual market segments, which are monitored using time series analysis and statistical methods. The results of the time series assessment revealed the fractal characteristics of the Ukrainian financial market as a measure of sustainability (namely inertia). It is revealed that all segments of the financial market, except credit, are characterized by persistence. It is established that the development of market segments is uneven and is characterized as bifurcation. The credit segment is addicted to insider behavior and has the highest risk concentration. It is revealed that the foreign exchange market is still in crisis. The results of modeling the correlation relationships between market segments have shown that, in the presence of such relationships, they differ in the strength and nature of the interaction. They are volatile, unstable, and situational, dependent on external conditions. The credit market has a relationship with other segments, not significantly strong but stable. The results of the analysis indicate the dynamic development of segments within the Ukrainian financial market in the presence of interconnections between them. AcknowledgmentThe study was conducted within the framework of the State Budget of the Kyiv National Economic University named after Vadym Hetman on the topic “Innovative development of banking activities in the integrated financial environment” (state registration number 0117U001178). https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13518/IMFI_2020_02_Prymostka.pdfcorrelationcredit marketfractalityintegrationinterconnectednessmarket memory |
| spellingShingle | Liudmyla Prymostka Іryna Krasnova Ganna Kulish Andrii Nikitin Valentyna Shevaldina Modeling the segment interactions of Ukraine’s financial market Investment Management & Financial Innovations correlation credit market fractality integration interconnectedness market memory |
| title | Modeling the segment interactions of Ukraine’s financial market |
| title_full | Modeling the segment interactions of Ukraine’s financial market |
| title_fullStr | Modeling the segment interactions of Ukraine’s financial market |
| title_full_unstemmed | Modeling the segment interactions of Ukraine’s financial market |
| title_short | Modeling the segment interactions of Ukraine’s financial market |
| title_sort | modeling the segment interactions of ukraine s financial market |
| topic | correlation credit market fractality integration interconnectedness market memory |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13518/IMFI_2020_02_Prymostka.pdf |
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