ROLE OF THE BANKING SYSTEM IN CREDIT RELATIONS STABILIZATION IN UKRAINE
Journal Title: ЕКОНОМІЧНИЙ ДИСКУРС - Year 2017, Vol 1, Issue 1
Abstract
Introduction. Credit relations get into all spheres of business activities at the current stage of the development of the economic system of Ukraine, moderate the whole process of social capital reproduction; penetrate into the sphere of exchange, monetary relations, finance, and process of production and consumption. The aim of the article lies in the determination of destabilization causes of credit relations in the country and in the grounding of influence reduction directions on functioning of credit market as well as on the actual sector of Ukraine’s economics. Methods. The methods of economic mathematical analysis, synthesis and generalization in statistical data processing; methods of induction and deduction while deterring the cause-effect relationship, are used during investigation. Results. As the result of investigation those causes are distinguished which determine the direction of credit relations and the amounts of used accumulated credit resources, which are formed under the influence of market influence mechanisms. It is also substantiated that the development of fund market is one of the directions of credit relations stabilization as an alternative variant of formation of money resources proposition. It is determined that the global financial integration, possessing indisputable advantages, makes credit relations unprotected from the negative activities of causes of international stock markets such as changeability of stock exchange, percentage rate, liquidity, and money stream amounts, having heavy results for economic development. The role of credit relationships to ensure the dynamic development of the real sector of Ukraine has been analyzed. Particular attention is paid to the impact of bank lending channel on the dynamics of economic development of Ukraine. The peculiarities of credit relations arising from the participation of credit institutions have been substantiated. The author proves the effectiveness of monetary instruments of state regulatory impact by means of study of the influence of expansion or restriction of credit resources on the dynamics of economic development. Discussion. The determination of credit relations’ change under the influence of state regulation instruments serves as perspectives for the further development.
Authors and Affiliations
Tetiana Chernychko, Pavlo Senyshch
Keywords
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- EP ID EP310917
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