The System-Synergetic Approach to Development of Banking Systems under Conditions of Financial Instability

Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 3

Abstract

The aim of the article is to study the theoretical and practical aspects of using the system-synergetic approach to the development and functioning of banking systems under conditions of financial instability. It has been grounded that the theoretical foundations for the development of banking systems are based on the system approach, according to which the banking systems belong to a class of special complex dynamic, self-motivated and open systems with an integrated structure of subsystems and functions. The study of such systems should include two aspects — system-cybernetic and system-synergetic ones. It has been proved that under stationary conditions the banking system development goes on in accordance with the system-cybernetic model, which suggests the presence of a management subsystem, which functions are performed by the central bank. Under conditions of financial instability, in the pre-crisis, crisis and post-crisis periods to study the development of banking systems the system-synergetic approach taking into account the multi-variant and alternative development of the banking system at bifurcation points is used. The criteria of the banking system entering the phase of bifurcation based on assessing the volatility of the current liabilities and possibility of building an analytical trend have been determined. The methodical approaches to evaluating the synergistic effects and level of financial stability of the banking system have been suggested, experimental calculations have been made.

Authors and Affiliations

Ganna Karcheva

Keywords

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  • EP ID EP153803
  • DOI -
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How To Cite

Ganna Karcheva (2015). The System-Synergetic Approach to Development of Banking Systems under Conditions of Financial Instability. Проблеми економіки, 2015(3), 201-207. https://europub.co.uk./articles/-A-153803