Application of the Turbulence Approach to Knowledge of the Current State of Financial Services Markets

Abstract

The article presents the results of studying the turbulent approach to knowledge of the current state of the financial services market (FSM). In particular, there justified the expediency of using this approach through stating the presence of a considerable number of processes that emerge spontaneously and are difficult to anticipate in the economic development of Ukraine in recent years. The article substantiates the author’s position regarding the interpretation of the essence of the turbulent approach, describes the method of its use. Operating by the nature of the turbulent approach there identified the main turbulent processes that occurred in the development of the FSM and had a negative impact on it. These processes have been described and discussed in detail. Particular attention is paid to the influence of such processes on the overall development of the financial services market.

Keywords

• financial services market
• turbulent approach
• turbulence
• economic turbulence
• economic process
• financial intermediary
• capitalization
• economic trust