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ORIGINAL ARTICLE
FOREIGN EXPERIENCE OF FUNCTIONING FINANCIAL INSTITUTIONS OF COOPERATIVE TYPE
1
Uman National University of Horticulture (Ukraine)
Umański Narodowy Uniwersytet Ogrodnictwa (Ukraina)
Publication date: 2018-07-09
Corresponding author
Olga Makushok
dr Olga Makushok, Department of marketing, The Faculty of Economics & Entrepreneurship, Uman National University of Horticulture, 1 Institutska st., Uman, Cherkassy region, Ukraine 20305; phone: +38-04744-3-20-11
dr Olga Makushok, Department of marketing, The Faculty of Economics & Entrepreneurship, Uman National University of Horticulture, 1 Institutska st., Uman, Cherkassy region, Ukraine 20305; phone: +38-04744-3-20-11
Olena Rybchak
dr Olena Rybchak, Department of marketing, The Faculty of Economics & Entrepreneurship, Uman National University of Horticulture, 1 Institutska st., Uman, Cherkassy region, Ukraine 20305; phone: +38-04744-3-20-11
dr Olena Rybchak, Department of marketing, The Faculty of Economics & Entrepreneurship, Uman National University of Horticulture, 1 Institutska st., Uman, Cherkassy region, Ukraine 20305; phone: +38-04744-3-20-11
Economic and Regional Studies 2015;8(4):119–127
KEYWORDS
cooperativefinancial cooperative systemcredit cooperationcooperative bankcredit unionscooperative associations
ABSTRACT
The purpose of this research is to examine the role of cooperative financial institutions in modern financial system and determine their place in national financial intermediation. Peculiarities of functioning cooperative financial institutions in world practice are studied and their basic similarities are identified. Need for formation and development of cooperative financial institutions of 2nd and 3d levels, particularly the cooperative banks in national practice is substantiated. On the basis of studying the international experience of countries with different levels of economic development, conditions of formation and activities of cooperative bank institutions in the domestic practice have been determined.
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Digitalization of Economic and Regional Studies/ Studia Ekonomiczne i Regionalne – task financed under the agreement No. 819/P-DUN/2018 by the Minister of Science and Higher Education allocated to the activities of disseminating science.
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