Institutions of financial mediation in the process of forming the information and network economy

Kornivska, V.O. (2018). Institutions of financial mediation in the process of forming the information and network economy. National Academy of Sciences of Ukraine, SO "Institute for Economics and Forecasting of the NAS of Ukraine". Kyiv [in Ukrainian].

ISBN 978–966–02–8570–5

The monograph presents the results of a research on the transformations of institutions of financial mediation in the process of implementing new principles of economic activities under the emergence of the information-network economy and the transition of the capitalism. The author reveals the historical conditions of the institutionalization of financial intermediation, such as the lack of information and liquidity, and on this basis she defines the original historical economic purpose of financial intermediation, which consists in optimizing information asymmetry and ensuring liquidity. Transformations of the conditions of activities of financial intermediaries in the process of formation of the information-network economy due to information surplus and liquidity surplus have affected the motivations of their operation, caused a crisis of financial mediation as such and led to a change in its place in the system of economic relations. The information and network economy radically transforms the deep foundations of capitalist society. Under information surplus, the institutional and value foundations of economic activities recede into the background, while the basic structuring elements become patterns - models of behavior. The latest technologies lead to the leveling of market mechanisms of economic interaction and become part of new organizational principles that narrow the space of economic freedom and responsibility of economic agents, making their operational activities non-alternatives within the framework of generally accepted patterns.

For experts in the field of economics, and teachers and students of economic and social-humanitarian domain.