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BUSINESS INFORM №11-2014

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47

Section: Finance, Money Circulation and Credit
UDC 330.3:336.7
Yukhymenko T. V.
Principles and Criteria for the Innovative Development of Banking Sector of the Economy (p. 274 - 279)

The aim of the study is allocation of the main criteria of innovative development of the banking system, as well as determination of the principles and factors of the development. The problem of developing criteria for innovative development requires special attention in terms of crisis, because they provide for the introduction of modern tools intended to prevent banks from high-risk activities. The author explored the main approaches to the definition of criteria and the principles of innovative development, on the basis of which it was proposed to draw an analogy between financial and environmental systems. Relating to the numerous common features, it can be asserted that use of well-known laws and principles of ecology in the financial sector will reverse the negative effects of the crisis disturbances of balance, and will be able to ensure sustainable innovative development of both the financial system and the economy as a whole. Use of this approach by regulators as well as observance of the principles should become one of the priorities in the development of new standards, because it allows to make the long term predictions and to identify weaknesses.
Keywords: criteria for innovative development, banking sector, sustainable innovative development, ecological laws
Fig.: 2. Bibl.: 12.

Yukhymenko Tetiana V. – Postgraduate Student, Department of Finance and Credit, University of Banking (1 Andrіivska Str., Kyiv, 04070, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Yukhymenko, Tetiana V. (2014) “Principles and Criteria for the Innovative Development of Banking Sector of the Economy.” Business Inform 11:274–279.


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