OLEG V. LUNYAKOV
Self-Organized Complexity of the Financial Sector
(original language – Russian)
The self-organized complexity of the financial sector by the system approach application is researched. It is proposed to consider the financial sector as an integral entity within the financial system, which has key features of the “system”. It is shown that the financial sector continuously self-organizes in the process of its evolution and tends to achieve the most effective structure to the objectives of the participants of financial relations. It manifests in the adaptation of the financial sector to new economic conditions through the evolution of financial instruments and financial institutions. Moreover, in the process of financial sector evolution, there is a need to develop the flexible mechanism of its regulation for achieving and maintaining the financial stability in the economy.
Key words: financial sector, self-organization, complexity, imbalances, regulation, system approach.
Placed in №1, 2013.
Article text: download.