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International Approach to Structuring Liquidity of Banking Systems

Author

Listed:
  • Makarenko Mykhaylo I.

    (Ukrainian Academy of Banking of the National Bank of Ukraine)

  • Dmytriev Evgen E.

    (Ukrainian Academy of Banking of the National Bank of Ukraine)

Abstract

The goal of the article is analysis of liquidity as a system category and study of essential transformation of liquidity from the purely banking notion to its wider interpretation as a financial system category on the basis of international approaches in this sphere. The article states that the liquidity notion is one of the fundamental ones in the theory of finance and banking business, but, until now, the issue of the nature of liquidity has not been completely developed yet. The article also states that the system nature of liquidity is expressed, in international practice, in availability of interaction of specific forms of its manifestation, such as the Central Bank liquidity (monetary basis of the economy), market liquidity (inter-bank market and asset market) and financing liquidity (liquidity of institutional units). In the result of the study the article offers such interpretation of the banking system liquidity as a complex dynamic interaction of such elements as the Central Bank liquidity, liquidity of individual banking institutions and markets (both at national and international levels), which ensures execution of their obligations by banks, easy flow of financial resources and their efficient re-distribution between economic subjects, ensuring continuous general growth of economy.

Suggested Citation

  • Makarenko Mykhaylo I. & Dmytriev Evgen E., 2014. "International Approach to Structuring Liquidity of Banking Systems," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 3, pages 282-286.
    • Handle: RePEc:idp:bizinf:y:2014:i:3:p:282_286
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    References listed on IDEAS

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    1. Ulrich Bindseil & Benedict Weller & Flemming Wuertz, 2003. "Central Bank and Commercial Banks' Liquidity Management - What is the Relationship?," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 32(1), pages 37-66, February.
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