| Scientific field |
Description |
| Pioneering orthodox theories |
The financial sector provides only monetary services; therefore, the activities of its institutions do not affect real economic processes |
| Neoclassical theories |
Financial markets and institutions mediate investment movements, take on investment risks, promote rational distribution of social capital and, in this regard, stimulate economic dynamics |
| Evolutionary theory |
The financial sector provides monetary services in conditions of simple reproduction. The development associated with extended reproduction involves the expansion of market financing for investments |
| Keynesian theories |
The dynamics of investments depends on functioning of the financial system; therefore, the development of the financial sector contributes to economic dynamics. The key role of the financial sector in the implementation of investment demand and the formation of a social product is substantiated using three basic psychological factors |
| Marxist theory |
The study of the interaction of financial and industrial capital leads to the substantiation of their relative isolation, the interaction of the real and financial sectors is a key condition for evolutionary sustainable social reproduction |
| New institutional theory |
Financial markets and institutions facilitate the allocation of financial resources while minimizing transaction costs, which stimulates economic dynamics |
| Modern monetary theory |
The financial sector is considered as the key factor in economic development, its functioning contributes to economic dynamics |
