INTRODUCTION OF FOREIGN EXPERIENCE IN THE SYSTEM OF STATE REGULATION OF THE FINANCIAL SECTOR OF UKRAINE'S ECONOMY
Journal Title: International Journal of Innovative Technologies in Economy - Year 2017, Vol 1, Issue 1
Abstract
Problem setting. The relevance and necessity of the theoretical study of the state’s role in regulating the financial sector of Ukraine's economy is preconditioned by several factors. First, high-quality, well-regulated financial market reduces the overall risk which investors associate with a particular country, secondly, high-quality, well-regulated market is an indispensable tool for engaging the entire savings of the population in the process of economic development, thirdly, the high quality of the financial market increases the dynamism of the system and its reputation that is really important to ensure that the population will gradually approve the transition to the market economy, and, fourthly, the real situation in the financial sector of the Ukrainian economy against the background of the global financial crisis is currently deteriorating with the progressive pace. Recent research and publications analysis. A significant contribution to the study of the theoretical issues and the development of certain aspects of the state regulation of the financial sector of the economy from the standpoint of improving the financial security of its activities has been made in the works of leading scholars and practitioners The paper main body. In the article the current problem of introduction of foreign experience in the system of state regulation of the financial sector of the economy was analyzed. On the basis of the economic systems and mechanisms of their improvements, the conclusions about implementation of the best positions in Ukraine were made. The methods of using the taxes as regulatory instruments that provide market participants with considerable freedom of action and strengthen the economy were considered. Conclusions of the research. On the basis of the analysis of domestic and foreign experience of functioning of the mechanism of state regulation of the financial sector in the system of economic security, the conclusion was made that the conditions for the emergence of the crisis phenomena were largely formed because of the use in the financial sector of many countries “The supervision system based on risk”. With the growing interpenetration of the economies of different countries, intensification of the international financial institutions activities, and transnational economic structures, the financial systems of the countries become extremely vulnerable that directly threatens not only economic but also national security in general.
Authors and Affiliations
Oleksandr Vasylovych Denysiuk
Keywords
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