MODELS OF FINANCIAL INTERMEDIATION - COMPARATIVE CHARACTERISTICS

Biser Krastev

Authors

Biser Krastev Assoc. Professor, Ph.D., University of agribusiness and rural development, BULGARIA

Keywords:

financial intermediaries, financial structures, models of financial intermediation

Abstract

In the scientific study the role of financial intermediaries in the development of the investment process is taken into account. A detailed classification of their types has been made. The structure of the financial system is explored and its main types are characterized. Bank-based and market-based models of financial intermediation are presented. Based on the use of different criteria, their specific features are outlined. Their advantages and disadvantages are analyzed. Using a system of financial indicators, a conglomerate index of the financial structures of different countries has been constructed.

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