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Finance and Credit
 

The concept of «financial system» in the modern theory of finance

Vol. 18, Iss. 15, APRIL 2012

Available online: 11 April 2012

Subject Heading: THEORY OF FINANCE

JEL Classification: 

Ryabtcev S.V. PhD in Economics, associate professor, department «Management», Baltic State Academy of Fishing Fleet
laturna@interia.pl

The present article is devoted to problems of definition of the financial system. The author considers the system, monetary, distribution, functional and institutional approaches to domestic and foreign scientific schools and describes the main features of the financial system in a market economy.

Keywords: financial system, financial institutions, financial intermediaries, functions of the financial system, monetary relations, financial markets, financial instruments

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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