The Role of the Deposit Guarantee System in Raising the Level of Public Confidence in Depository Institutions

The main aim of the article is to study the essence of the deposit guarantee system and determine its role in increasing the level of public confidence in depository institutions. The issues of development of the deposit insurance system in Ukraine are considered, its main elements are defined, in p...

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Main Authors: Prokopenko Valeriia Yu., Dubyna Maksym V.
Format: Article
Language:English
Published: PH "INZHEK" 2018-09-01
Series:Problemi Ekonomiki
Subjects:
Online Access:http://www.problecon.com/export_pdf/problems-of-economy-2018-3_0-pages-178_183.pdf
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spelling doaj-bcbf4cc724ac40949471db94f01112302020-11-25T00:23:17ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862018-09-01337178183The Role of the Deposit Guarantee System in Raising the Level of Public Confidence in Depository InstitutionsProkopenko Valeriia Yu. 0Dubyna Maksym V. 1Doctor of Sciences (Economics), Professor, Director, International Institute of Innovative Educational TechnologiesCandidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Department of Finance, Banking and Insurance, Chernihiv National Technological UniversityThe main aim of the article is to study the essence of the deposit guarantee system and determine its role in increasing the level of public confidence in depository institutions. The issues of development of the deposit insurance system in Ukraine are considered, its main elements are defined, in particular, the deposit guarantee system and the voluntary deposit insurance system. The features of their functioning are analyzed. Furthermore, it is found that in the domestic market of deposit services the leading role in ensuring the return of funds to citizens is played by the system of individual deposit guarantee. It is established that the main subject of the system is the Deposit Guarantee Fund for Individuals, which implements the government policy in this area. The article analyzes the current trends in the operation of the Fund and, in general, the entire system of deposit guarantee. This made it possible to determine the key problems in the work of the system and the direction for its further transformation. http://www.problecon.com/export_pdf/problems-of-economy-2018-3_0-pages-178_183.pdfinsurancedeposit insurancedeposit guaranteeDeposit Guarantee Fund for Individualscommercial banknon-bank organizationcredit union
collection DOAJ
language English
format Article
sources DOAJ
author Prokopenko Valeriia Yu.
Dubyna Maksym V.
spellingShingle Prokopenko Valeriia Yu.
Dubyna Maksym V.
The Role of the Deposit Guarantee System in Raising the Level of Public Confidence in Depository Institutions
Problemi Ekonomiki
insurance
deposit insurance
deposit guarantee
Deposit Guarantee Fund for Individuals
commercial bank
non-bank organization
credit union
author_facet Prokopenko Valeriia Yu.
Dubyna Maksym V.
author_sort Prokopenko Valeriia Yu.
title The Role of the Deposit Guarantee System in Raising the Level of Public Confidence in Depository Institutions
title_short The Role of the Deposit Guarantee System in Raising the Level of Public Confidence in Depository Institutions
title_full The Role of the Deposit Guarantee System in Raising the Level of Public Confidence in Depository Institutions
title_fullStr The Role of the Deposit Guarantee System in Raising the Level of Public Confidence in Depository Institutions
title_full_unstemmed The Role of the Deposit Guarantee System in Raising the Level of Public Confidence in Depository Institutions
title_sort role of the deposit guarantee system in raising the level of public confidence in depository institutions
publisher PH "INZHEK"
series Problemi Ekonomiki
issn 2222-0712
2311-1186
publishDate 2018-09-01
description The main aim of the article is to study the essence of the deposit guarantee system and determine its role in increasing the level of public confidence in depository institutions. The issues of development of the deposit insurance system in Ukraine are considered, its main elements are defined, in particular, the deposit guarantee system and the voluntary deposit insurance system. The features of their functioning are analyzed. Furthermore, it is found that in the domestic market of deposit services the leading role in ensuring the return of funds to citizens is played by the system of individual deposit guarantee. It is established that the main subject of the system is the Deposit Guarantee Fund for Individuals, which implements the government policy in this area. The article analyzes the current trends in the operation of the Fund and, in general, the entire system of deposit guarantee. This made it possible to determine the key problems in the work of the system and the direction for its further transformation.
topic insurance
deposit insurance
deposit guarantee
Deposit Guarantee Fund for Individuals
commercial bank
non-bank organization
credit union
url http://www.problecon.com/export_pdf/problems-of-economy-2018-3_0-pages-178_183.pdf
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