Theoretical aspects of financial engineering in a commercial bank

Authors

DOI:

https://doi.org/10.33987/vsed.1(65).2018.135-143

Keywords:

financial engineering, innovative tools, effective system, financial market, business processes

Abstract

The article deals with theoretical aspects of financial engineering on the financial market. The existing theoretical approaches to the definition of the essence of financial engineering, its role and principles in the management of banking institutions are summarized. Effective banking activity on the financial market, their specifics, problems, dynamic processes ‒ all this requires the formation of an effective system of financial engineering. The most effective system of financial engineering for banks for the purpose of redistribution of financial resources, risks, liquidity, profitability and information in the conditions of financial market volatility and peculiarities of its formation are determined. Methodology of banking engineering, which adapts to transformational conditions for the development of banking business processes is developed.

Author Biographies

Yana Andrieieva, Odessa National Economics University

PhD in Economics, Lecturer, Department of Financial Management and Stock Market

Gennadiy Velishko, Odessa National Economics University

PhD in Economics, Professor, Department of Financial Management and Stock Market

Iryna Ropotan, Odessa National Economics University

PhD in Economics, Associate Professor, Department of Financial Management and Stock Market

References

Finnerty, J. D. (2007). Project financing. Asset-based financial engineering, John Wiley & Sons. Inc., New Jersey, 476 p.

Maslenchenkov, Yu. S. (1997). Financial management in a commercial bank: technology of financial management of a client [Finansovyy menedzhment v kommercheskom banke: tekhnolohiya finansovogo menedzhmenta klienta], Perspektiva, Moskva, 221 s. [in Russian]

Marshall, J. F., Bansal, V. K. (1998). Financial engineering. A comprehensive guide to financial innovation [Finansovaya inzheneriya. Polnoe rukovodstvo po finansovym novovvedeniyam], Infra-M, Moskva, 784 s. [in Russian]

Yehorycheva, S. B. (2010). Banking innovations [Bankivski innovatsii], Tsentr uchbovoi literatury, Kyiv, 208 s. [in Ukrainian]

Dosmukhambetov, M. Banking engineering [Bankovskyi inzhyniring], available at: http://oldconf.neasmo.org.ua/node/1007 [in Russian]

Sokhatska, O. M., Havryliuk-Yensen, L. V., Oleiko, V. M. (2011). Financial engineering. Ed. by O. M. Sokhatska [Finansovyi inzhynirynh; za red. O. M. Sokhatskoi], Kondor, Kyiv, 660 s. [in Ukrainian]

Chmutova, I. M. (2014). Adaptation of the financial management system of the bank to the cyclicality of its development [Adaptatsiia systemy finansovoho menedzhmentu banku do tsyklichnosti yoho rozvytku], Ekonomika rozvytku, No. 4, s. 54–60 [in Ukrainian]

Belyaeva, V. Y. (2014). Determining the economic essence of the concept of «financial engineering» using content-analysis, Mizhnarodne ekonomichne spivrobitnytstvo: pryntsypy, mekhanizmy, efektyvnist: zbirnyk materialiv Mizhnarodnoi naukovo-praktychnoi konferentsii, 5–6.12.2014, HO «Kyivskyi ekonomichnyi naukovyi tsentr», Kyiv, Ch. 3, s. 29–31 [in Ukrainian]

Financial engineering for profitable financial instruments, available at: http://www.internationalfinancemagazine.com/article/Financial-Engineering-for-ProfitableFinancial-Instruments.html.

Darushyn, I. A. (2015). Financial engineering. Tools and technologies: monograph [Finansovyy inzhyniring. Instrumenty i tekhnologii: monografiya], Prospekt, Moskva, 296 s. [in Russian]

Published

2018-03-28

Issue

Section

MONEY, FINANCE AND CREDIT