THE INTERRELATION AND INTERACTION OF FINANCIAL MARKETS WITH FINANCIAL CYCLES OF THE NATIONAL ECONOMY OF RUSSIA
A market economy assumes the circularity of economic development. Many scholars have speculated on the existing relationship between economic and financial cycles. The emergence of financial markets in the early 20th century gave impetus to the development of the theory of financial cycles which account for financial ups and downs similarly with economic cycles. One of the most impactful areas of research of current trends in financial cycles is the study of how these are influenced by contemporary financial market tools, as this will help determine whether the basic phases of financial cycles can be reconciled.
This article aims at analyzing various aspects of the relationship and the interaction of financial markets with the financial cycles of the national economy in the context of the Russian Federation. We also give consideration to the behavior of the contemporary financial system’s chief players––large corporations, credit institutions, facilitating agencies, and state authorities acting as regulators of financial and economic cycles.
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (Creative Commons Attribution License 3.0 - CC BY 3.0) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
email@example.com, www.iseic.cz, ojs.journals.cz