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The Banking Sector As A Factor Of Economic Growth And Smoothing The Fluctuations In Financial Crisis


  • Ganna Panasenko

    (Makiyivka Economics and Humanities Institute)


The article examines the impact of the banking sector on economic growth and its ability to smooth out fluctuations in the financial crisis. With the widespread approach done by Panzar J.C. and Rosse J.N., based on the concept of Raghuram G. Rajan and Luigi Zingales it is built an econometric model of the original function of profitability of banking institutions and the growth rate of GDP per capita. The top five «uncertainties» that lead to the inability to create a closed system of forecasting demand and supply of money market instruments. On the basis of systematic research a theoretical approach to study the relationship of the banking sector and the GDP growth has been developed.

Suggested Citation

  • Ganna Panasenko, 2011. "The Banking Sector As A Factor Of Economic Growth And Smoothing The Fluctuations In Financial Crisis," Ukrainian Journal Ekonomist, Yuriy Kovalenko, issue 12, pages 47-49, December.
  • Handle: RePEc:uje:journl:y:2011:i:12:p:47-49

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    References listed on IDEAS

    1. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters,in: A Theory of the Consumption Function, pages 1-6 National Bureau of Economic Research, Inc.
    2. Heckman, James J, 1990. "Varieties of Selection Bias," American Economic Review, American Economic Association, vol. 80(2), pages 313-318, May.
    3. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, January.
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