UDK: 339.92

Jozef Antoni HABER

PhD, Professor, Poznan School of Business, Faculty in Chorzow, Poland.

GLOBAL RIVALRY AS A DRIVING FORCE OF THE TRANSATLANTIC ALLIANCE

The article dwells on political and economic reasons of Transatlantic Alliance. Special attention is paid to its influence on the global market, positive and negative effects on political situation in the world. The author analyzes the actions to undertake to make Transatlantic Alliance more effective.

UDK: 336.22(477)

Mar’iana I. VYKLIUK

Candidate of Science in Economics, Associate Professor, Lviv Branch of European University

Yurii Ye. MOSTIPAN

European University

THE ANALYZES OF CURRENT STATUS OF THE UKRAINE TAX SYSTEM DEVELOPMENT INDICATORS

The paper investigates theoretical and practical aspects of assessment of Ukrainian tax system, main factors that determine it and key global trends. The level of efficiency of Ukrainian tax system on the basis of certain fundamental indicators is observed. The problematic aspects of the tax system in crisis and post-crisis period are determined.

Full Article in Ukrainian

UDK: 332.132(477)

Mykhailo Y. GEDZ

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

MODELING OF REGIONAL ECONOMIC DEVELOPMENT PROCESSES

Scientific views on the development forecasting of Ukrainian regions are studied in the article. Possibility and necessity of the development of two scenarios types concerning the description of sequence steps and possible consequences for a region was identified. Approaches to the creation of regional development scenarios from the positions of main stakeholders were grounded. Necessity of scenario planning and modeling with attention to the key macroeconomic factors that influence the development of Ukraine's economy and provide forecasts, reflecting alternative development options was underlined. A scheme of the formation of crediting model for innovative-active enterprises was proposed.

Full Article in Ukrainian

UDK: 338.2

Oleksandra S. HUMENIUK

Chernigiv State Institute of Economics and Management

FINANCIAL POTENTIAL AS A COMPONENT OF ENDOGENOUS POTENTIAL OF INNOVATIVE ECONOMY DEVELOPMENT

The article defines financial capacity as the complex of interrelated financial resources and ability to implement them, determining its ability to reconcile the external requirements of internal capabilities. Components of the financial capacity define financial capacity of population with organized and unorganized savings potential market for financial services, including factoring and leasing services as a source of additional economic opportunities of innovation development. Separate section of the financial capacity is venture capital funds and the ability to attract long-term investment for innovation projects. The problem of the current financing of innovative projects is a weak infrastructure implementation of financial capacity. A high level of public distrust to the banking system affects only the prevalence of short-term deposits. The author proposes to rebuild pension system to make it similar to the system of Poland Republic as one of the ways to attract “long-term money”.

Full Article in Ukrainian

UDK: 330

Peter S. LEMESHCHENKO

Doctor of Science in Economics, Professor, Belarusian State University, Minsk

IRRATIONALITY OF MODERN ECONOMIC THINKING AND PROBLEM OF DIALOGUE BETWEEN SCIENTIFIC COMMUNITY AND ECONOMIC PRACTICE

The author touches upon wide problem of gnosiological possibilities of a modern economic science, concerning a category of rationality. Conditions of transition of rationality to irrationality which strengthens effects of instability of modern world economy are analyzed on specific examples.

Full Article in Russian

UDK: 336:330.564.2

Stepan A. NAVROTSKYI

Doctor of Science in Economics, Professor, NSC “Institute of Agrarian Economy”, Uman State Agrarian University

Iryna V. PETLIN

Candidate of Science in Economics, Associate Professor, Lviv Branch of European University

SYSTEM OF FINANCIAL REGULATION OF HOUSEHOLDS INCOME UNDER MODERN CONDITIONS

Theoretical and applied aspects of financial regulation of households’ incomes are investigated in the article. The necessity of financial regulation of households’ incomes is underlined. Priority lines of financial regulation of households’ incomes are described.

Full Article in Ukrainian

UDK: 374.134

Svitlana Yu. OBRUSNA

Doctor of Law, Associate Professor, Cherkasy Institute of Banking of the University of Banking of the NBU

THE PLACE OF THE BANKING LAW IN THE LEGAL SYSTEM OF UKRAINE

The article deals with the disputable problems of determining the essence and the place of the banking law in the legal system of Ukraine. The main scientific approaches to the above mentioned problem have been evaluated. The point of view concerning the determination of the banking law as a separate branch has been grounded on the basis of the analysis of the subject, method, system and sources of the banking law.

Full Article in Ukrainian

UDK: 339.92

Mykola P. OVCHARUK

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

Valentyna M. MOTRYCHENKO

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

DISTRIBUTION FEATURES AND IMPACT OF TNCS ON ECONOMY OF UKRAINE

The authors analyze the nature of TNCs, history of their development and their current status. Rating of the largest TNCs, the flow of investment resources and the main trends of the world market of investment resources are defined. The influence of TNCs on the economy of Ukraine and the volume of investment resources and ratings of leading international MNCs Ukraine are studied. Positive and negative trends of such effects are determined and directions for their removal are offered.

Full Article in Ukrainian

UDK: 336.71

Nataliya M. PANTIELIEIEVA

candidate of technical science in Technical Sciences, Associate Professor, Cherkasy Institute of Banking of the University of Banking of the National Bank of Ukraine (Kyiv)

BANKS INNOVATIVE BUSINESS MODELS AS A RESPONSE TO THE CHALLENGES AND CONSEQUENCES OF THE FINANCIAL CRISIS

Analysis of the banking business has enabled to identify the tendencies of innovative business models implementation by leading banks of different countries of the world. The essence, formation principles and structure of innovation business model were defined. The peculiarities of some innovative business models that can serve as standards for development and subsequent evaluation of domestic banks models effectiveness are highlighted.

Full Article in Ukrainian

UDK: 336.132.11

Nataliya V. TKACHENKO

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

PRAGMATICS AND PROBLEMS OF IMPLEMENTATION OF PROGRAM-TARGET METHOD INTO THE BUDGETARY PROCESS

The differences between program-target and itemized budgeting methods are systematized. The advantages of program-target method of budget planning and features required for its application in Ukraine are identified.

Full Article in Ukrainian

UDK: 336.71

Roman S. VOVCHENKO

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

DIRECTIONS OF INCREASING THE FINANCIAL SECURITY OF THE BANKING SECTOR OF ECONOMY OF UKRAINE

The article deals with the main directions of financial security increasing of the national economy banking sector. The author suggests variants of conceptual approaches towards the development of a strategy to ensure financial security of domestic banking sector and its stages.

Full Article in Ukrainian

UDK: 336.01

Liudmyla P. KOVAL

Candidate of Science in Economics, Associate Professor, Lviv Branch of European University

CONCEPTS AND CATEGORICAL APPARATUS OF FINANCIAL SECURITY INVESTIGATION

Existing approaches to understanding the essence of financial security are considered, through which the main problematic moments of forming the conceptual and categorical apparatus of research in this category are identified. The specific features that allow to allocate the financial component of the general concept of economic security are identified. The use of static and active approach to the interpretation of the financial security essence is proposed. A universal definition of «financial security» is formulated.

Full Article in Ukrainian

UDK: 334.012.34

Iryna P. MIGUS

Doctor of Science in Economics, Associate Professor, Cherkasy National University named after Bohdan Khmelnytskyi

METHODOLOGICAL APPROACH TO ASSESSMENT OF THRETS INFLUENCE ON ECONOMIC SECURITY OF STOCK COMPANIES’ EMISSION ACTIVITY

Systematized basic classification features, which grouped the major threats to economic security company in the process of production and allocation of shares. Based on the major stages of the production and placement of shares of public joint stock companies in Ukraine, was identified major threats to economic security corporation during the production and placement of equity securities , and identified the main effects of threats to economic security issuers. The methodical approach that involves the evaluation of the degree of impact of these threats by using a stochastic dual model.

Full Article in Ukrainian

UDK: 336.63

Natalia A. TSIKANOVSKA

Candidate of Science in Economics, Cherkassy Institute of banking of the University of Banking of the National Bank of Ukraine (Kyiv)

INTERPRETATION OF TERMS OF “CHALLENGE”, “DANGER”, “THREAT” AND “RISK” IN FINANCIAL SECURITY THEORY

The scientific approaches to the interpretation of concepts of «challenge», «danger», «threat» and «risk» in the theory of financial security are analyzed. The author’s definitions of concepts are suggested that has allowed to distinguish between these concepts and to find sources of negative influence on the financial security of business entities.

Full Article in Ukrainian

UDK: 336.761

Olha Yu. SHUTIEIEVA

Kharkiv National University of Economics

THEORETICAL PRINCIPLES TO DETERMINE THE ESSENCE OF THE FINANCIAL PROVISION OF EQUITY MARKET FUNCTIONING

The essence of the notion of the financial provision of the equity market functioning and the components of the system have been determined. The essence of the financial provision has been specified. The components of the system of the financial support of the equity market have been studied.

Full Article in Ukrainian

UDK: 330.322:631.1

Alla P. ADAMENKO

Sumy National Agrarian University

STRATEGIC PLANNING OF AGRICULTURAL COMPANIES INVESTMENT ACTIVITY

In the article the question of strategic planning of investment activity is considered and the scheme of agricultural enterprises investment strategy development is offered.

Full Article in Ukrainian

UDK: 330.101.542

Tetiana A. D’IAKOVA

Sumy National Agrarian University

FACTORS OF ENSURING ECONOMIC STABILITY OF AGRICULTURAL ENTERPRISES OF SUMY REGION

In the article the question of ensuring economic stability of development of agrarian enterprises in Sumy area is considered, internal and external factors are allocated and analyzed, conclusions are drawn.

Full Article in Ukrainian

UDK: 658.15.01:005.21

Nataliia V. ZAMIATINA

Chernivtsi Trade and Economics Institute of KNTEU

THEORETICAL AND METHODOLOGICAL BASES OF FIRMS INVESTMENT

The paper investigates approaches to understanding the essence of investment activities management. The basic essential features of the concept are founded. Three-tier system of company’s investment activities management, that involves the implementation of investment management functions at the macro, meso and micro levels, is described. Theoretical principles of strategic, tactical and operational investment activities management are defined.

Full Article in Ukrainian

UDK: 368.02

Jurii M. KLAPKIV

Candidate of Science in Economics, Ternopil National Economic University

DEFINITION AND FEATURES OF CLASSIFICATION OF CATASTROPHIC RISKS IN THE THEORY OF INSURANCE

The article investigates the nature of catastrophic risks from the standpoint of the theory of insurance. Systematized their particular classification. Author determined the specific characteristics of catastrophic risks, and conceptual foundations of their realization.

Full Article in Ukrainian

UDK: 368

Olha V. KNEISLER

Candidate of Science in Economics, Associate Professor, Ternopil National Economic University

IDENTIFICATION OF THE REINSURANCE SERVICES IN THE SYSTEM OF INSURANCE RELATIONS

In the paper the nature of reinsurance services and its interrelation with insurance services is investigated. The identification criteria of reinsurance services in the system of insurance relations are defined.

Full Article in Ukrainian

UDK: 368

Olha H. KUZMENKO

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

INVESTMENT ACTIVITY OF INSURANCE COMPANIES

The main aspects of the investment activity of insurance companies are summarized, the key factors shaping the effective optimization of the insurance portfolio are identified in the article.

Full Article in Ukrainian

UDK: 338.336

Natalya M. TRETYAK

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

FACTORS THAT FORM INVESTMENT CLIMATE IN UKRAINE

The factors that shape the investment climate of the state are studied. Investment climate in the state is analyzed. Factors of adverse and favorable impact on the investment climate are identified.

Full Article in Ukrainian