Illegal Activities of Financial Intermediaries: A Burden of Trust Crisis

• Autorzy: Maryna Brychko , Taras Savchenko , Tetiana Vasylieva , Paweł Piotrowski
• Języki publikacji: EN

Abstrakty

EN

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. (original abstract)

Słowa kluczowe

PL

System finansowy; Pośrednictwo finansowe; Instytucje finansowe; Rynki finansowe; Bezpieczeństwo publiczne; Zaufanie; Szara strefa

EN

Financial system; Financial intermediation; Financial institutions; Financial markets; Public security; Trust; Grey economy

• Czasopismo: Journal of International Studies
• Rocznik: 2021
• Tom: 14
• Numer: nr 1
• Strony: 172-189

Twórcy

autor

Maryna Brychko

• Sumy State University, Ukraine

autor

Taras Savchenko

• Sumy State University

autor

Tetiana Vasylieva

• Sumy State University, Ukraine

autor

Paweł Piotrowski

• Higher School of Criminology and Penitentiary Science in Warsaw, Warsaw, Poland

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Identyfikatory

DOI

10.14254/2071-8330.2021/14-1/12