| | PROBLEMS OF MODERN ECONOMICS, N 3 (31), 2009 | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | Kuropjatnik D. A. PhD student, Chair of Economic Theory, St.Petersburg State University
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| The article discusses two models of financial markets: bank model (continental European) and fund model (American), analyzes major theoretical approaches of national financial system, presents results of empirical research of effectiveness of financial systems in various countries, and makes a conclusion on the possible interaction between the bank- and the fund models of financial architecture | Key words: market, financial system, macroeconomic politics, bank model, fund model | |
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