FINANCIAL INSTITUTIONS FOR ECONOMIC SUPPORT IN POST COVID ERA

Autor: Irina Yarygina
Rok vydání: 2020
Předmět:
Zdroj: Integration of traditional and innovation processes of development of modern science
DOI: 10.30525/978-9934-26-021-6-23
Popis: Article deals with important issues within the international economic relations and displays the role of financial institutions as intermediaries that supply clients with financial instruments and contribute to sustainable economic development in the post .covid period. The purpose of the article is to find out the features of bank activity and to develop recommendations for assessing financial techniques for supporting economic processes. Theoretical and empirical research methods are used to achieve the aim. Results reveal the features of variety of instruments, that can be implemented by public and private financial institutions in reaching the goals of improving leaving standards of population of developing countries and those, who are suffering from the contemporary economic turbulence, caused by global covid-19 pandemic. Originality/scientific novelty is determined by the implementation of the process of contemporary improving banking and its adaptation to the modern needs of high-quality service of economic entities in modern post covid economy. Practical value includes the formed methods and mechanisms of their implementation towards provision of the sustainable development of countries and their cooperation. The results of the study provide a case for inter banking within developing economic in contemporary environment of post covid era. Recommendations can be taken into consideration while constructing economic and political approach to an international infrastructure. It is strongly recommended to take into consideration the international experience and to introduce the required instruments to be successful within contemporary situation. Presented results of the study can benefit regulators and banks by providing new instruments for sustainable economic development.
Databáze: OpenAIRE