IDEAS home Printed from https://ideas.repec.org/a/idp/redpoe/y2013i3p227_232.html
   My bibliography  Save this article

Transaction component of exogenous factors of influence upon employment under conditions of globalisation of economy

Author

Listed:
  • Glushach Anna V.

    (V. N. Karazin Kharkiv National University)

  • Arkhiyeryeev Sergey I.

    (V. N. Karazin Kharkiv National University)

Abstract

The goal of the article lies in identification of influence of globalisation upon efficiency of financial and loan instruments that ensure regulation and stimulation of employment and the role of transaction costs in these processes. To achieve the goal, the article shows how globalisation processes, which take place in the sphere of the financial sector, influence the real economy and employment of the population, identifies positive and negative sides of this influence. The article conducts analysis of causes and effects of the financial and economic crisis from the point of view of the theory of transaction costs, in the process of which the role of specific types of these costs in the processes that took place was ascertained. In the course of the study the article reveals negative influence of the growing disproportion between the public and private transaction costs of the risks of financial and economic instability, especially in the countries with the transformation economy, and justifies the necessity of stabilising mechanisms of the international financial market with the aim of elimination of the marked transaction disproportions such as introduction of a special tax on financial transactions or establishment of the double currency course: less flexible - for servicing trading operations, and more flexible - for regulation of financial flows. Studies of negative effects of integration processes allowed formation of directions of the state policy, which would prevent dangerous consequences of interference of the foreign capital with the financial sector and would protect the Ukrainian labour market from influence of negative effects of integration processes.

Suggested Citation

  • Glushach Anna V. & Arkhiyeryeev Sergey I., 2013. "Transaction component of exogenous factors of influence upon employment under conditions of globalisation of economy," The Problems of Economy, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), issue 3, pages 227-232.
  • Handle: RePEc:idp:redpoe:y:2013:i:3:p:227_232
    as

    Download full text from publisher

    File URL: https://www.problecon.com/pdf/2013/3_0/227_232.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idp:redpoe:y:2013:i:3:p:227_232. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Rystenko (email available below). General contact details of provider: https://www.problecon.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.