Trust in the banking sector: EU experience and evidence from Ukraine

Savchenko, Taras Hryhorovych; Kovacs, L.

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Title	Trust in the banking sector: EU experience and evidence from Ukraine
Authors	Savchenko, Taras Hryhorovych Kovacs, L.
ORCID	http://orcid.org/0000-0003-4793-054X
Keywords	bank банк central bank центральний банк центральный банк monetary policy монетарна політика монетарная политика trust in banks довіра до банків доверие к банкам
Type	Article
Date of Issue	2017
URI	http://essuir.sumdu.edu.ua/handle/123456789/61728
Publisher	Sumy State University
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Citation	Savchenko, T., Kovács, L. (2017). Trust in the banking sector: EU experience and evidence from Ukraine. Financial Markets, Institutions and Risks, 1(1), 29-42. http://doi.org/10.21272/fmir.1(1).29-42.2017.
Abstract	This work presents the results of the investigation of trust to banks in European Union as well as in Ukraine. The special focus was on relevant documents that describe the strategic directions of the Ukrainian banking system’s future development in the context of restoring trust to banks. Furthermore, some of the quantitative results of the authors’ previous publications are summarized, as they may prove valuable in the study of the subject. The authors concluded that the recent crisis is a stark reminder that banking functioning based on trusting. The dramatic changes in the banking environment brought about by financial innovation and technological progress have not diminished the role of trust in banking. Any lack of trust significantly impairs the functioning of the banking sector and prevents banks from contributing to economic growth.
Appears in Collections:	Financial Markets, Institutions and Risks (FMIR)