Adaptation of Financial Policy of Ukraine to the Conditions of Globalization and European Integration Processes
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 2
Abstract
The process of European integration of Ukraine provides for the implementation of a number of measures aimed at the harmonization and unification of these components of the financial policy: such as monetary, fiscal and currency policies, and institutional conditions of the process for our country. The aim of the research is to study the basic aspects of financial integration of Ukraine into the European Community. International financial integration intensifies around the world, especially among the advanced economies. The main consequence of interstate integration for countries is the reduction of the number of available instruments of financial policy, which can be applied for the purposes of macroeconomic stabilization. In particular, the country is not able to fully use monetary and credit policy to smooth the negative effects of the economic crisis and the main instrument of financial stabilization is fiscal policy. If we consider the path of development of Ukraine's European integration and the possibility of moving the national economy to the innovative type, the emphasis in shaping financial policy should shift towards fiscal regulation. Particular attention in the process of European integration of Ukraine should be given to the development of the domestic financial market. Financial policy should be aimed at satisfying the interests of the general public. The success of fiscal policy leads to the development of the real economy, leading to an expansion of the tax base and strengthening Ukraine's strategic position in the international arena.
Authors and Affiliations
Viktoriia Petrushevska
Keywords
Related Articles
- EP ID EP163160
- DOI -
- Views 98
- Downloads 0
Analysis of Directions of Increase of Energy Supply of Kharkov Region
In article the problem of energy supply as one of the pillars of national security and sustainable development of Ukraine. We analyze the situation in this area in the country and in the Kharkiv region. Analyzes the rese...
Evaluation of the Effectiveness of the Economic Mechanism of Solving International Problems of Nature Management
On the basis of the development of ideas about scientific views of neoclassical economic theory in the direction of justifying the priority of importance of the general economic efficiency theory of nature management eco...
Indicative Planning of Regional Development as a Socio-Economic System
In the article the necessity of using the indicative planning as one of the effective mechanisms for the implementation of strategic goals and objectives of socio-economic development of the regions of Ukraine is substan...
Peculiarities of Using the Balanced Scorecard Technology at Different Stages of the Bank Life Cycle
The objectives and indicators of projections of the Balanced Scorecard system (BSC): "finance", "clients", "internal business processes", "staff development" at different stages of the bank life cycle have been defined....
Macrofinancial Indicators in the Economic Strategy of the State
The aim of the article is to study the effectiveness of the set strategic objectives of the state and the fact of their implementation. On the basis of the analysis and systematization of the existing practical and theor...