Interaction between the real and the financial sectors of economy during the financial crisis

The article is devoted to studying the interaction of real and financial sectors of economy during the world financial crisis. The classical financial sector mission is effective financial resources redistribution between the market participants, but, during globalisation process, the financial sector broke away from the real one and began to grow independently. There, new opportunities are available - offshore zones, the use of social funds, and, above all, a wide application of the derivatives. The analysis of the real and financial sectors interaction identified some factors that indicate the contradiction between them, including the financial sector restructuring due to a very rapid growth of the derivatives; domination of the capital market indicators over the indicators of the market of goods and services; permanent excess of interest rates over the economic growth rate. These factors, along with some others, demonstrate the financial resources overflow from real economy to speculative business. The financial sector is based on the real sector and should facilitate its production process, but in the evolution the process was divided into two parts. The first part supports the connections of "producer - consumer" and "accumulation - investment." The second part currently provides the precarious speculative capital only. The key factor of financial sector changes is information technology for these markets are changing faster than people can perceive and the traditional financial regulation cannot cope with its tasks. For effective financial and real sectors interaction we need: a useful increase in transactions self-monitoring by market participants; improving mutual market controls, which would track changes in market conditions. Financial sector regulators should focus on information collecting, market analysis supported by a just price mechanism, and only during the crisis intervention into the market processes, providing direct assistance to market participants and maintain competitiveness are required

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