Formation of the infrastructure of trust in the financial market

Authors

  • O.A. Zolotareva Polessky State University, Pinsk, Republic of Belarus

Keywords:

trust in the financial market, financial depth, crowdinvesting, implicit investment

Abstract

The goal is to determine indicators of confidence in the financial market, to identify tools for increasing the level of confidence in the economy.

Materials and methods. The information base of the research is the data of the World Values Survey, statistics of the World Bank, National Bank of the Republic of Belarus. Methods of comparative analysis, abstract-logical method were used in research.

Results. In the article, based on the study of various approaches to measuring the level of trust in financial markets, a comparative analysis of the level of trust in the financial markets of different countries is carried out. The creation of a crowdinvesting macroinstitution is proposed, which will increase the level of social trust in the financial market of the Republic of Belarus.

Conclusion. The creation of a crowd-investing macroinstitution in the Republic of Belarus will provide an opportunity for inflation-free economic growth, a financial market will be created, the ability of people to spontaneously socialize will increase, which will lead to the development of not only small and medium-sized businesses, but also large-scale industries and new technologies.

Author Biography

O.A. Zolotareva, Polessky State University, Pinsk, Republic of Belarus

Doctor of Econ. Sc., Associate Professor, Professor of the Department of Banking and Financial Markets

References

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Luhmann, N. Trust and Power / N. Luhmann. – Chichester: John Wiley and Sons Inc., 1979, 208 p. (Перевод работы: Luhmann N. Vertrauen – ein Mechanismus der Reduktion sozialer Komplexität. Enke, Stuttgart 1968).

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References

The ECB’S response to the financial crisis. ECB Monthly Bulletin October, 2010, p. 59-74 Available at: http://www.ecb.int/pub/pdf/other/art1_mb201010en_pp59-74en.pdf

Fukuyama F. Doveriye: sotsialnyye dobrodeteli i put k protsvetaniyu [Trust: social virtues and the path to prosperity]. M.: OOO «Publisher ACT»: ZAO NPP «Ermak». 2004, 730 p. (In Russian)

Luhmann N. Trust and Power. Chichester: John Wiley and Sons Inc., 1979, 208 p. Luhmann N. Vertrauen – ein Mechanismus der Reduktion sozialer Komplexität. Enke, Stuttgart 1968.

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Srednyaya shirokaya denezhnaya massa. Denezhno-kreditnaya statistika. Statistika. Natsionalnyy bank Respubliki Belarus [Average broad money supply. Monetary statistics. Statistics. National Bank of the Republic of Belarus]. (In Russian). Available at: https://www.nbrb.by/statistics/monetarystat/avgbroadmoney.

Indicators. The World Bank Available at: https://data.worldbank.org/indicator.

Ermakovich V. Modeli massovoj privatizacii [Mass privatization models]. Varshava: Centr social'no-ekonomicheskih issledovanij, 1997 34 p.

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Published

2021-12-28

How to Cite

Золотарева, О. (2021). Formation of the infrastructure of trust in the financial market. Economy and Banks, (2), 3-12. Retrieved from https://ojs.polessu.by/EB/article/view/1568

Issue

No. 2 (2021)

Section

Finance, money circulation and credit

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