PRINCIPLES OF STATE REGULATION FINANCIAL SERVICES MARKET OF UKRAINE

Authors

  • V. Shpachuk Educational and Research Institute of Management, Economy and Ecology of the V. I. Vernadsky Taurida National University
  • T. Bezverkhniuk Odessa Regional Institute for Public Administration of the National Academy for Public Administration under the President of Ukraine
  • V. Vyshnevska Odessa Regional Institute for Public Administration of the National Academy for Public Administration under the President of Ukraine
  • I. Sencha Odessa Regional Institute for Public Administration of the National Academy for Public Administration under the President of Ukraine
  • V. Zalizniuk Interregional Academy of Personnel Management

DOI:

https://doi.org/10.18371/fcaptp.v4i35.221708

Keywords:

institution, state regulation, principles, mechanism, financial services market

Abstract

The article reveals the main features of the financial services market and its regulation by the state. The analysis of factors influencing the formation of the system of state regulation and infrastructure of the financial services market of Ukraine is carried out, the current state of the system of state regulation of the financial services market of Ukraine is characterized. The periodization of the evolution of the formation and development of the system of state regulation of the domestic financial services market has been carried out. The results of this study suggest that ensuring the greatest efficiency of the system of state regulation of the domestic financial services market is possible through the comprehensive implementation of a number of measures and actions. In particular, a set of measures is proposed, which takes into account the factors influencing the formation and formation of the system of state regulation of the financial services market, the most pressing problems of the financial services market, strategic priorities for further development of the domestic financial services market regulation system. At the same time, it is established that the priority should be to strengthen the institutional capacity of state financial institutions, increase the level of transparency of their activities, as well as increase the functional efficiency of the financial services market regulation system.

Author Biographies

V. Shpachuk, Educational and Research Institute of Management, Economy and Ecology of the V. I. Vernadsky Taurida National University

Doctor of Science in Public Administration, Associate Professor,
Professor of the Department of Public Governance and Administration

T. Bezverkhniuk, Odessa Regional Institute for Public Administration of the National Academy for Public Administration under the President of Ukraine

Doctor of Sciences in Public Administration, Professor; Chair of the Project Management Department 

 

V. Vyshnevska, Odessa Regional Institute for Public Administration of the National Academy for Public Administration under the President of Ukraine

Ph. D. in Technical Sciences, Associate Professor, Associate Professor at the Project Management Department

I. Sencha, Odessa Regional Institute for Public Administration of the National Academy for Public Administration under the President of Ukraine

Ph. D. in Pedagogical Sciences, Associate Professor, Associate Professor at the Project Management Department

V. Zalizniuk, Interregional Academy of Personnel Management

Doctor of Science in Public Administration, Associate Professor Department of Finance, Banking and Insurance

References

Ivanytska, O. M. (2005). Derzhavne rehuliuvannia rozvytku finansovoi infrastruktury [State regulation of financial infrastructure development]. Kyiv: Vyd-vo NADU [in Ukrainian].

Beck, T., Demirgus-Kunt, A., & Levine, R. A. (2000). New Database on Financial Development and Structure. World Bank Economic Review, 14.

Stiglitz, J. E. (1998). Ekonomika derzhavnoho sektora [Public Sector Economics]. (A. Oliinyk, R, Skilskyi, Trans.). Kyiv: Osnovy [in Ukrainian].

Shkolnyk, I. O. (2008). Finansovyi rynok Ukrainy: suchasnyi stan i stratehiia rozvytku [Financial market of Ukraine: current status and development strategy]. Sumy: VVP «Mriia-1» LTD, UABS NBU [in Ukrainian].

Azarov, M. Ya. (Ed.). (2011). Derzhavnyi biudzhet i biudzhetna stratehiia v umovakh ekonomichnykh reform [State budget

and budget strategy in the context of economic reforms]. T. 1: Stabilizatsiia derzhavnykh finansiv u konteksti stratehii reform

[Vol. 1: Stabilization of public finances in the context of the reform strategy]. Kyiv [in Ukrainian].

Matseliukh, N. (2010). Kontseptsiia ta alhorytm pobudovy orhanizatsiino-ekonomichnoho mekhanizmu rehuliuvannia finansovoho rynku Ukrainy [The concept and algorithm for constructing an organizational and economic mechanism for regulating the financial market of Ukraine]. Ekonomika — Economy, 7 [in Ukrainian].

Vorotin, V. Ye. (2002). Makroekonomichne rehuliuvannia v umovakh hlobalnykh transformatsii [Macroeconomic regulation in the context of global transformations]. Kyiv: Vyd-vo UADU [in Ukrainian].

Kirieiev, O. I., Shapovalova, M. M., & Hrebenyk, N. I. (Eds.). (2005). Pytannia funktsionuvannia ta vdoskonalennia infrastruktury fondovoho rynku Ukrainy: informatsiino-analitychni materialy [Questions of functioning and improvement of infrastructure of the stock market of Ukraine: information and analytical materials]. Kyiv: Tsentr naukovykh doslidzhen NBU [in Ukrainian].

Naumenkova, S. V., & Mishchenko, S. V. (2010). Rynok finansovykh posluh [Financial services market]. Kyiv: Znannia [in Ukrainian].

Khodakivska, V. P., & Danilov, O. D. (2001). Rynok finansovykh posluh [Market of financial services]. Irpin: Akademiia DPS Ukrainy [in Ukrainian].

Yashchuk, V. (2011). Stanovlennia i perspektyvy rozvytku fondovoho rynku Ukrainy [Formation and prospects of the stock market of Ukraine]. Visnyk KNTEU — Bulletin of KNTEU, 6, 46—55 [in Ukrainian].

Shpachuk, V. V. (2012). Derzhavne antykryzove upravlinnia bankivskoiu systemoiu: teoriia, metodolohiia, praktyka [State anti-crisis management of the banking system: theory, methodology, practice]. Kyiv: VPTs AMU [in Ukrainian].

Trydid, O., Azarenkova, H. (2009). Finansova arkhitektonika yak uzahalniuvalna kharakterystyka orhanizatsii vzaiemodii finansovykh potokiv [Financial architecture as a generalizing characteristic of the organization of interaction of financial flows]. Visnyk UBS NBU — The Banking University Bulletin, 1 (4), 7—12 [in Ukrainian].

Verkhovna Rada Ukrainy. (1999). Pro Natsionalnyi bank Ukrainy: Zakon Ukrainy № 679-XIV vid 20.05.1999 [On the National Bank of Ukraine: Law of Ukraine № 679-XIV of 20.05.1999]. Vidomosti Verkhovnoi Rady Ukrainy — Bulletin of the Verkhovna Rada of Ukraine, 29. Retrieved from http://zakon.rada.gov.ua [in Ukrainian].

Verkhovna Rada Ukrainy. (2002). Pro finansovi posluhy ta derzhavne rehuliuvannia rynkiv finansovykh posluh: Zakon Ukrainy № 2664-III vid 12.07.2001 [On financial services and state regulation of financial services markets: Law of Ukraine № 2664-III of 12.07.2001]. Vidomosti Verkhovnoi Rady Ukrainy — Bulletin of the Verkhovna Rada of Ukraine, 1. Retrieved from http://zakon.rada.gov.ua.

Lysenko, Zh. P. (2014). Finansovyi rynok Ukrainy — stan, trendy ta napriamy rozvytku [Financial market of Ukraine — state, trends and directions of development]. Efektyvna ekonomika — Efficient Economy, 6, 43—45 [in Ukrainian].

Downloads

Published

2020-12-24

Issue

Vol. 4 No. 35 (2020)

Section

The Modern banking. The problems and prospects of development

License

Copyright (c) 2020 V. Shpachuk, T. Bezverkhniuk, V. Vyshnevska, I. Sencha, V. Zalizniuk

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors of research articles published in the Collection agree to the following terms:

-       authors reserve the right to his authorship of scientific articles and broadcast journal right of first publication of scientific articles licensed under CC Attribution (Creative Commons Attribution License), which allows others to freely distribute the published scientific article referring to the original authors of the article and the first publication of the article in Research Works’ Collection on "Finance and credit activity: problems of theory and practice";

-       authors have the right to enter a separate agreement concerning additional exclusive distribution of the article in the form it was published in the journal (for example, to post the research in an electronic storage of the establishment or publish as a part of a monograph), provided that the reference to the first publication of the article in the Collection.