UDK: 336.71:339.732

Jerzy WĘCŁAWSKI

Doctor of Economics, Professor, Maria Curie-Sklodowska University in Lublin

REGULATIONS OF THE BANK SECTOR IN THE EU IN RESPONSE TO THE FINANCIAL CRISIS

The banking sector plays a leading role in financing economic development in the countries of the European Union. The recent crisis revealed how insufficient the banks stability is. As a result of the process of concentration in the banking sector there came to strong reliance of economies on the financial standing of big banks. A number of them were supported financially by governments which at the same time are tightening the control over their operations. The creation of the banking union taking supervision of banks, the regulation principles and controlled bankruptcy (Banking Recovery and Resolution Plan) as well as the deposit guarantee scheme has already started. However, conflicting interests of different EU countries make these solutions to be introduced in stages and not comprising all the countries.

UDK: 339.7

Lesia O. PETKOVA

Doctor of Economics, Professor, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

UKRAINE’S INTEGRATION INTO THE GLOBAL FINANCIAL SPACE IN INTERNATIONAL COMPARISONS AND MACROECONOMIC DYNAMICS

In this article theoretical and practical aspects of Ukraine’s integration into the global financial market are analyzed, the basic factors determining this process in the post-crisis period and global key trends are specified. The level of economic development of Ukraine by international rating systems and its prospects are investigated. The strategic objectives of the development of the financial market of Ukraine are determined.

Full Article in Ukrainian

UDK: [336.76+336.77]:330.33

Oleg V. LUNYAKOV

Candidate of Economics, Associate Professor, Sevastopol Institute of Banking of Ukrainian Academy of Banking of the National Bank of Ukraine (Kyiv)

INTEGRATED APPROACH TO THE ASSESSMENT OF IMBALANCES AND SOUNDNESS OF FINANCIAL SECTOR

The shortcomings of the current system of FSI are pointed out in the article. The features of the imbalances of the financial sector are shown. The use of the integral financial soundness indicator as well as credit aggregates for more adequate assessment of susceptibility of the financial sector to financial stress are proposed.

Full Article in Russian

UDK: 369.03:336.717.8

Nelya G. NAGAICHYK

Candidate of Economics, Associate Professor, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

Olena O. MEKHANIKOVA

Candidate of Philology, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

THE PLACE AND ROLE OF INSURANCE COMPANIES IN INVESTMENT SECURITY OF ECONOMY OF UKRAINE

The place of insurance companies in the system of financial intermediaries is observed. The functions of insurance companies as financial intermediaries are determined. It is found out that insurance companies act as a financial intermediary by means of the investment activity in the use of formed investment potential. It is proved that currently aggregate investment potential insurance companies do not significantly affect on investment activity in the economy. In prospect, the inter-sectoral cooperation deepening between insurance companies and other financial intermediaries is determined.

UDK: 336.01

Olga I. PECHONYK

Candidate of Economics, Associate Professor, Kurgan Affiliate of the Economics Institute of the Ural Branch of the Russian Academy of Sciences

DEVELOPMENT OF THE FINANCIAL SECTOR IN THE PROCESS OF SUBSTITUTION OF TECHNOLOGICAL MODES

Investigated are the ways of eliminating the consequences of the financial crisis from a position of substitution of technological modes. The role of a key institution – the state as of a realization tool of socially significant objectives of the economic system in relation to the new objectives and characteristics of the development of economy, society and finance is considered. Proposed are the directions of management forms development in financial sector.

Full Article in Russian

UDK: 336.7.332.1.330.3

Vitaliy S. NITSENKO

Candidate of Economics, Associate Professor, Odessa State Agrarian University

Evgeniia S. KUZMENKO

Association of ukrainskikh Banks

THE TENDENCIES OF BANKING NETWORK DEVELOPMENT IN UKRAINE

The present situation and problems of the banking network of Ukraine are under consideration. The biggest banks structures including their branches and their concentration are studied.

Full Article in Ukrainian

UDK: 336.71

Nadiya V. ROGOZHNIKOVA

Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

Iryna V. IVANOVA

Candidate of Pedagogical Sciences, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

BANKING CREDIT POLICY AS A SPECIAL INVESTIGATION OBJECT

The article deals with the essence and peculiarities of commercial bank credit policy formation and implementation. The structure and dynamics of the loans given during crisis and post-crisis periods have been analyzed. The problems arising in the process of lending have been identified and their influence on the development of Ukraine’s economy has been proved.

UDK: 336.714

Viacheslav L. PLASTUN

Candidate of Economics, Associate Professor, State Higher Educational Institution «Ukrainian Academy of Banking of the National Bank of Ukraine» (Sumy)

PECULIARITIES OF THE INSTITUTIONAL INVESTORS’ INFLUENCE ON THE STOCK MARKET STABILITY

The paper examines the main effects of institutional investors’ activity in the stock market. The author summarizes the approaches that explain institutional investors’ decisions and their influence on the stability of the stock market. The conclusions about the effects of stock market volatility for economic development have been made.

Full Article in Ukrainian

UDK: 330.341

Robert F. PUSTOVIYT

Doctor of Economics, Professor, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

Inna Y. KOCHUMA

Candidate of Economics, Associate Professor, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

PRIORITY IMPROVEMENT DIRECTIONS OF INSTITUTIONAL ENVIRONMENT OF HUMAN POTENTIAL DEVELOPMENT IN UKRAINE

The problems in the institutional framework of human development in Ukraine are analysed. The institutional functioning of education, health, social security and social partnership is examined, and institutional priority measures for their improvement are proposed in the article.

Full Article in Ukrainian

UDK: 330.322(477)

Viktoriia I. HUNKO

Candidate of Economics, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

FACTORS AND INDICATORS OF FORMING ENTERPRISES’ INVESTMENT ATTRACTIVENESS

The factors having an influence on forming enterprises' investment attractiveness are analyzed. The main approaches to the assessment of enterprises’ investment attractiveness are pointed out.

Full Article in Ukrainian

UDK: 658.14

Tetyana M. ODINTSOVA

Candidate of Economics, Associate Professor, Institute of Masters and Postgraduate Education of the University of Banking of the National Bank of Ukraine (Kyiv)

Olena V. NEVMERZHYTSKA

Candidate of Economics, University of Banking of the National Bank of Ukraine (Kyiv)

Iryna V. CHAUS

Candidate of Geological and Mineralogical Sciences, Associate Professor, University of Banking of the National Bank of Ukraine (Kyiv)

CVR-ANALYSIS AS THE TOOL FOR MANAGING FINANCIAL RESULTS OF THE ENTERPRISE

The article deals with the method of managing profit - «CVR analysis». The features and main problems of using this method in practice have been pointed out. An improved approach of CVR analysis, namely the use of the management approach to cost sharing as an alternative to traditional, one has been offered.

Full Article in Ukrainian

UDK: [331.522.4 : 314.18] : 332.1 : 005

Maryana M. BIL

Candidate of Public Administration, Institute of Regional Researches of the National Academy of Science of Ukraine

CONCEPTUAL DIRECTIONS OF THE DEVELOPMENT OF SOCIO-DEMOGRAPHIC POTENTIAL OF THE REGION

The scientific and theoretical basis of the influence of socio-demographic potential of the region on its economic growth was performed in the article. It was highlighted conceptual development of the social and demographic potential characteristics of the population due to the results of their activities which can realize powerful determination of the state of regional economic system. The attention was paid to the exclusiveness of the development of social morality, as well as to the effectiveness of time resource usage as important potential components of the socio-demographic potential of the region.

Full Article in Ukrainian

UDK: 334.1

Oleg S. KRJUCHKO

High Educational Institution of Ukoopspilka «Poltava University of Economics and Trade»

IMPROVEMENT OF REMUNERATION OF LABOR IN THE SOCIO-ECONOMIC DEVELOPMENT OF REGIONS

The article highlights the main aspects in remuneration of labor, affecting the economic development of the region. Directions to improve remuneration of labor in the context of socio-economic development of the region are offered.

Full Article in Ukrainian

UDK: 331.101.26

Stanislava R. PASIEKA

Doctor of Economics, Associate Professor, Cherkasy National B. Khmelnytsky University

INNOVATIVE DEVELOPMENT OF SOCIAL AND LABOUR POTENTIAL OF A REGION: INSTITUTIONAL ARRANGEMENTS

Institutional component of the innovative development of social and labour potential of a region with the formation of mechanism of this development under the conditions of modernization changes in economy has been studied. The article presents the critical review of the legal provision of social and labour potential. Based on such conclusions the recommendations concerning new strategic directions of Cherkasy region have been formulated.

Full Article in Ukrainian

UDK: 11/33

Mykola P. ISHCHENKO

Doctor of Philosophy, Professor, Cherkasy National B. Khmelnytsky University

Ivan I. RUDENKO

Candidate of Philosophy , Associate Professor, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

THE ESSENCE AND PECULARITIES OF THE TRUTH AND MODERN IDEAS IN ECONOMICS

The article is devoted to the analysis of the history of the category of „the truth“, the ambiguity of its estimation and its basic concepts. Their analysis is carried out in the context of interaction, as they are complementary in nature. It is shown that the problem of the truth and ways of its searching are also guiding in economic science, which requires the study of all areas, schools and currents of the economic thought, as well as their rational synthesis of a coherent economic vision. Its evaluation in terms of good and evil, justice and injustice, humanity is of particular importance in the economic theory. The principles of historicism, specificity, consistency, objectivity, conflicts, increasing complexity of economic systems and continuity have been analyzed."

Full Article in Ukrainian

UDK: 330.341.1

Korzeniowska ANNA

PhD, Associate Professor, Maria Curie-Sklodowska University in Lublin

THE STRUCTURE OF FINANCING INNOVATIONS IN THE POLISH AND UKRAINIAN ECONOMIES

The paper compared the level of expenditure on innovations in different European countries, especially in Poland and Ukraine. The structure of instruments financing innovations was analysed. The conclusion is that less developed, poorer countries need public funds to finance their innovation development, whereas highly developed countries have more efficient financial market so their enterprises do not require subsidies or any other public aid.

UDK: 330.341.1:339

Wojciech MISTEREK

PhD, Maria Curie-Sklodowska University in Lublin

INNOVATION OF LUBLIN REGION AGAINST SELECTED REGIONS OF CENTRAL AND EASTERN EUROPE

The purpose of this paper is to present a comparable analysis of innovation in Lublin Region compared to selected regions of Central and Eastern Europe. It should allow to diagnose a current situation and provide the answer, which regions with comparable specificity may be viewed as more or less innovative. At the same time it would be possible to verify whether Lublin Region developed specific market advantages in the investigated area, and whether it may build up the potential to intensify the development for the years to come. The subject of this research is also to identify tendencies which appeared in the years 2007-2011 in order to verify the direction of the change in the examined region compared to other regions, as well as to identify the areas which require improvement for increasing development dynamics by means of innovation.

UDK: 378.1:657

Alla О. SAYUN

Candidate of Economics, Associate Professor, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

Olga R. HOTKINA

East European University of Economics and Management

PROBLEMS OF TRAINING IN ACCOUNTING, ANALYSIS AND AUDIT

It is presented the content and significance of the research component in the preparation of bachelors and masters in accounting, analysis and audit in the education process. It is also examined the experience of its implementation and the relationship with the processes of standardization of accounting, reporting, auditing and education.

Full Article in Ukrainian