home Finance Groshi that loan - Savluk M.I.

Groshi that loan - Savluk M.I.

3.2. THE INSTITUTIONAL MODEL OF THE GRAIN RINK

Nadzvichayno folded sutnist that bagatolikost існування грошового ринку істотно ускладнимть розуміння механізму його функціонування. For pologshennya chtsogo zavdannya pobuduemo інституційну a model of a penny rink, yaka відображає взаємозв'язки між суб'єктами a penny rink, scho realizes through the streams of penny and tools.

In the case of a fictitious vigilant inostitutionary model of a penny market, you can submit a scheme for the flow of pennies that you can use for the work of groups of economical sub-entities: in the meantime, in order to save money; In this case, pockets of pennies; By financial intermediaries (Figure 3.2).

Mal. 16

Creditors can be either be-yakі ekonomichnyi sub'ekti, scho zaoshchadili grooshov koshti. Tse nasamspered simeinі gosdarstva (poplarenya), and takozh firmi, uroyadovі structuriki, zaklyuchayuchi organ moszcevogo samovyryvannya, inozemnі fіzichnі ta juridicheskikh individuali. Poschalniki kami mozhut budi ti z vid ekonomichnyh sub'ektiv, ale on the first day after the frequency and the ospom zaposichen slіd posaviti dіlovі firmi, and potym - ureadovі structuri, simeinі gosdarstva, inozemtsiv. Strilki, scho pokazuyut rub of pennies,

Спрямовані від кредиторів до позичальників, а стрілки, що відображають рух інструментів, - від позичальників до кредиторів.

For інституційним критерієм грошинвий ринок можно поділити на два сектори:

- sector of direct financing;

- a sector of the mediated finance.

In the sector of direct fіnansuvannya зв'язки між sellers and purchases of grosses здійснемться безпосередньо, і всі питання купівлі-sale stinks вириішують самостійно one and one. Functionality here brokers and dealers vikonuyt skorishe tehnichnu the role of zvichaynyh poprednikiv, dopomagayuchi їм shvidshe know one one. In the sector of the sector one can see two canals collapsing in pennies:

^ Channel kapitalnogo fіnansuvannya, by yakomu pokuptsi nazavzhdi zaluchayut koshti u svіy turn; For which one is to be enacted;

^ Channel is a zaposochen, by yakomu kuprettsi timchasovo zaluchayut koshti in svyy turn, vikoristovoychi for yyogo yak the tool of obligaciya and інші подібні цінні папери.

Nayavnist sector direct financing is important to the economy. For the purchase of groschen rozshiryuyutsya mozvolistі vibor nayvigіdnіshih minds kupіvli, znizhennya tsіni groshe ta peresochennya pay for korostuvannya pozkami. The seller of pennies here can be nobles of his own purchase "in the guise", but it is possible to vibiriti naybilsh nayynih pozhalnikiv, unique zayvikh rizikiv. Zavshyaki tsim verevagam sector direct fіnnisuvannya rozvivayetsya doshit іtensivno in the structures of a penny market. In addition, the involvement of the sector of the sector zazostryu competitiveness of the furrow mizh finance residents on a penny market, primushuy їх znizhuvati tsіni ta sashirjuvati assortment svoїh sgig for sub'ektiv tsiogo rinku.

In the sector of the oposredkovanogo fіnansuvannya зв'язки між sellers and purchases of pennies realizing through fіnansovih mediators, yakі spochatku akumuljuyut at itself resursi, sho proponujutsja on rinku, and potіm sell їх кннцевим покупцям від свого імені. Vony stlyuyayut vlasnіzobovnya i vimogi, yakі mozhut bouti samostіnimi іnstrumentami penny rinku, zumovlyuvati popavu novi гро grošovi поток streamov. To that fіnіsіsі pericents of the оogo sector іstotno відізняються від технічних посередників першого sectors yak for his role in economics, and for technologic processes of function. Wongs actively dyut 'at the strains of the mobs of grotesque koshtivs in the quiet sub'ektivs of the rink, they did not care, but the trees are quietly hidden, so they need to be pinched in dodecaux pennies, supplementing themselves with the shvidsche, zuchnichi i vigidno peremisti vylnyi groshi vіd creditors before Почальників. Qiu diyalnist, yak shche nazivaetsya fіnansovim posrednitvtvom, mediators zdіysnjute zaradi oderzhannya pributku, sho robi її important to the sphere of business.

The sector of the mediated finance is an objectively inexpensive warehouse penny grove. Він not just доповнює sector direct фінансування, and створює спеціальний механізм realizatsії tih zv'yazіv mіzh creditors і pozhal'nikami, yakі not mozhut bouti realizovі through sector direct fіnansuvannya. Nasamperedov MIWE about zvoyazyki, installed some vimagayot great vitras pennies і hour for пошуки і вивчення контрагента, chi realizatsya yakikh pokazyana zі znachnimi risizami. Zavdyaki dіyalostі fіnansovykh okednikіv vadaetsya naybіlsh povno realizovati vsya mozhnostі і вигоди, які влаві грошовому ринку взагалі. Tomu mizh sectors of direct and indirectly financed finance is not competitive competition, but integrating processes, zokrema is actively penetrating the financial sector in the sector of direct financing of the technical settlements, creditors and positivniki (bilsh details of the financing of the financial institutions will be rozglyanuta in rozdіlі 10).

Behind the character of the mediocre operatives, there are the following types of financial intermediaries: banks, insurance companies, investment funds, financial institutions, pension funds, credit unions, and so on. For a miracle on a penny market, you can grow on a group of two: banks that are non-banking and financial-credit institutions.

Виокремлення банків in okremu grupo zumovleno tim, scho stinks muyutno shirshi mozhnovisti operuuvati on a penny market, ніж інші інституції. That banks borrow the key in the sector of the indirectly financed. Cummed duma rice, pritamannim banks:

1) stinks do not mikut akumulyuvati vіlnі кошти of creditors, but thе selі stіlovаati depositnі groshovі koshti in the process of credit dіyalnі;

2) vony zdіysnjutt rozraunkkovo-kasovo obveshvovuvannya vsekh інших фінансово-крединих інституцій, and that mozhut мобілізувати, and отже - тимчачасово використати, вільні кошти останніх.