Jurij RENKAS

Assistant Professor, Cracow University of Economics

LABORISM AS A BASIS FOR THE CREATION OF MONETARY UNIONS

Stability indicator of labour productivity makes it a good measure of the economic level achieved by an economy. The aim of the paper is to present a method for the application of labour productivity index Q to solve an important macroeconomic questions. It is also a good basis to build rankings of labour productivity, as well as monitoring the development of each country. Article focuses on determining the level of labour productivity of the economy of Ukraine in comparison to the economies of other countries. In Ukraine, the labor productivity index Q falls in the past few years. This means that every year on 1 hryvnia labor cost accounts for less real GDP. This is a very negative trend, which indicates the need to implement urgent measures aimed at changing the country’s economic policy. In article also suggests an original solution to the problems of creation of monetary unions.

UDK: 336.17 (075)

Vyacheslav V. ANISIMOV

Candidate of History, Associate Professor, Cherkasy Institute of the State higher educational institution "Banking University"

COMMERCIAL BANKS UNDER ANNEXATION OF THE CRIMEA RUSSIAN FEDERATION

Created chronology and investigated the capture of the Russian Federation of Ukrainian banks on the territory of the Autonomous Republic of Crimea. The analysis of the activities of commercial banks under the annexation of the Crimea. Proposed conclusions about the effects of occupation on the banking system of Ukraine.

Full Article in Ukrainian

UDK: 332.1.711

Denis V. GRIZOGLAZOV

PhD, senior lecturer, State university “KNEU named after Vadym Hetman”

THE POSSIBLE IMPACT OF FISCAL DECENTRALIZATION ON ECONOMIC GROWTH IN UKRAINE

The question of influence of fiscal decentralization on economic development of the state is discussed in the article. Essence of fiscal decentralization is determined. The factors of effective process of decentralization are characterized. Directions of optimization of profits are offered at local level.

UDK: 336.71

Karina V. DALGIC

State higher educational institution "University of Banking»

DIRECTIONS OF IMPROVEMENT OF THE BANKING SYSTEM OF UKRAINE

The article describes and analyzes the current state and prospects of development of the banking system of Ukraine, highlighted the key issues and risks in the activity of the modern banking system, the basic ways of restructuring the banking system and improving banking supervision based on international experience.

Full Article in Ukrainian

UDK: 336.71

Oleksiy О. DRUHOV

Doctor of Science in Economics, Professor, Lviv Institute of Banking of University of Banking of the National Bank of Ukraine

Oksana PRYIMA

Student of magistracy, Lviv Institute of Banking of HSEI “Banking University

RESTRUCTURING OF THE BANKING SYSTEM OF UKRAINE: CURRENT STATE AND PROSPECTS

The article deals with the current situation in the banking system of Ukraine, analyzes the activities of the National Bank of Ukraine on restructuring the banking system, considered international experience and areas of further restructuring.

Full Article in Ukrainian

UDK: 336.76

Igor KRAVCHUK

PhD, associate professor, Ternopil National Economic University

ЕCONOMIC AND LAW ANALYSIS OF DERIVATIVES

The article according sensu stricto defined the concept of "derivatives" as negotiable instruments in the form of aleatory bilateral contracts on the underlying assets, and suggested areas of improvement of legislation of Ukraine on the legal definition of instruments to restore the value of both state warrant and the adoption of regulations that determine the content and morphology derivatives in accordance with the formal European law.

Full Article in Ukrainian

UDK: 336.743(477)

Olesya LEBID

PhD, associate professor, Kharkiv National University of Economics

Anastasiya CHОRNOBAI

Kharkiv National University of Economics

THE VALUATION OF BANK’S CURRENCY OPERATIONS EFFICIENCY LEVEL

The scientifically based set of indicators with a minimum number of them to determine the effectiveness of foreign exchange transactions of banks was done. A grouping of Ukrainian banks according to their level of efficiency of foreign exchange transactions was done using multivariate cluster analysis based on method of k-means. Еру discriminant functions for groups of banks according to their rate of efficiency of foreign exchange transactions were built. The general scheme of the foreign exchange transactions efficiency level of Ukrainian banks was created.

Full Article in Ukrainian

UDK: 336.741

Volodymyr I. MISHCHENKO

Doctor of Science in Economics, Professor, National Bank of Ukraine

Igor LON

Banking University (Kiev)

THE TRANSFORMATION OF THE QUANTITY THEORY OF MONEY AND ITS USE IN CENTRAL BANKING

It was researched he features of forming of demand and supply of money in the context of modern approaches to the implementation of the quantity theory of money, the theoretical and methodological basis for monetary regulation of the economy to ensure balanced development of monetary market, the main factors shaping demand and supply of money, and it is proved that in modern conditions the system of regulation of monetary circulation is the dominance of the supply of money over demand, and therefore the formation is the main method Central banks implement monetary policy.

Full Article in Ukrainian

UDK: 336

Nelya G. NAGAICHYK

Candidate of Economics, Associate Professor, Cherkasy Institute of the State higher educational institution "Banking University"

Iryna V. TKACHENKO

Candidate of Science in Philology, Associate Professor, Cherkasy Banking Institute of the University of Banking, NBU

FINANCIAL CONGLOMERATES: SIGNS OF IDENTIFICATION, PECULIARITIES OF FORMATION AND REGULATION IN UKRAINE

The economic nature of financial conglomerates is considered. The features that allow to identify a financial conglomerate as an organizational form of integrated financial intermediary are revealed. The legal forms in which financial conglomerates can function in Ukraine are defined. Financial conglomerates are a new source of threat to national financial systems, and that requires the introduction of prudential supervision and creating a mega regulator.

UDK: 336.771

Oleksii SHAPOVAL

Department of the National Bank of Ukraine

THE OPTIMISATION OF FUNDING BASE OF BANKING CONSUMER LENDING

The article investigated basic conditions and trends of the banking consumer lending, analyzed the market of bank deposit resources, investigated the differences in the dynamics of deposits of individuals and legal entities, substantiated practicability of usage, and suggested the mechanism of securitization of consumer loans in order to increase the resource base of banks.

Full Article in Ukrainian

UDK: 336.71

Iryna V. TSYSTAN

Cherkasy Institute of Banking State higher educational institution "Banking University"

INVESTMENT BANKS POTENTIAL USE AS IMPORTANT PRECONDITION FOR DEVELOPMENT OF ECONOMY OF UKRAINE

The article considers preconditions of use banking investment potential and the basic principles of banking investment activities, and proposed a comprehensive approach to understanding the importance of using the investment potential of banks as an important precondition of economic development of Ukraine.

Full Article in Ukrainian

Myroslava Е. KHUTORNA

Candidate of Economics, Associate Professor, Cherkasy Institute of the State higher educational institution "Banking University"

Olga M. BARTOSH

Cherkasy Institute of the State higher educational institution "Banking University"

INFLATION TARGETING IN UKRAINE: PRECONDITIONS, CHALLENGES AND PROSPECTS

The main challenges for the effective inflation targeting implementation in Ukraine are studied in this paper. We define the range of essential actions that are to be realized immediately by the Ukrainian government and the central bank.

UDK: 657.1

Olena HRYHOREVSKA

PhD, associate professor, Kyiv National University of Technology and Design

Julija HMARA

Kyiv National University of Technology and Design

PROBLEMS OF FORMATION IN THE MAIN ACCOUNTING OF FINANCIAL INSTITUTIONS

A basic tools to understand in tangible assets used by the entity for its activities and its provision for long periods and carries its cost parts to the start of production. At the same time, core funding  is the actual increase fixed assets as a result of certain events as a result of which the object was included on the balance sheet. The principles, which should be guided in the core funding and determining the initial value of fixed assets depending on how they are received.

Full Article in Ukrainian

UDK: 657.6:35.073.52

Deniza DOLBNEVA

PhD, associate professor, National University of Lviv Ivan Franko

THE NECESSITY AND PROSPECTS OF ADOPTION OF THE EFFECTIVENESS AUDIT AS A FORM OF THE STATE FINANCIAL CONTROL IN UKRAINE

The article describes the nature, purpose and objectives of the effectiveness audit. Given the foreign experience and domestic realities of organization of the state financial control, the necessity of introduction of effectiveness audit, as a progressive form of the state financial control is justified, and also problems and prospects of his adoption in Ukraine are defined.

Full Article in Ukrainian

UDK: 336.6

Anna М. LYUTOVA

Candidate of Economics, Associate Professor, Cherkasy Institute of the State higher educational institution "Banking University"

Mykola MELNYK

Cherkasy educational-scientific Institute of the State higher educational institution “Banking University”

PECULIARITIES OF REFLECTING THE INCOME OF CREDIT UNIONS IN THE FINANCIAL STATEMENTS, IT’S RECOGNITION AND CLASSIFICATION

The essence of the income of credit union and its features of reflected in the financial statements; provided the proposals for improving the process of reflection income of credit union in the financial statements.

Full Article in Ukrainian

UDK: 657

Katarzyna SZYMCZYK-MADEJ

PhD, associate professor, Cracow University of Economics

Jan MADEJ

PhD, associate professor, Cracow University of Economics

THE INTERNAL CONTROL SYSTEM AND OTHER CONTROLS IN ACCOUNTING INFORMATION SYSTEM

Each company has a system of accounting. Its proper functioning is both a formal legal requirement and a prerequisite for effective economic activity. However, answer questions about correctly functioning accounting system, it is often difficult without a corresponding internal controls. Existing general control procedures relating to information systems can not always be used in the information system of accounting. This article is the proposal of separation of control procedures in the information system of accounting to the general control and application control.

Full Article in Russian

UDK: 631.164.23

Oleksandr Sergijovych BALAN

k.t.n., dotsent, Odessa National Polytechnic University

Elena KOTLYAR

Odessa National University politehnychnyy

FEATURES MONITORING OF INVESTMENT PROJECTS FOR THE PRODUCTION OF BIOFUELS

Summary. The analysis and monitoring of the peculiarities of biofuels, which take place during the implementation of investment projects as basis for the accounting and analytical tools to their view of the future.

Full Article in Ukrainian

UDK: 338.24

Nadia BOBROVSKA

PhD, Mykolaiv agrarian national University

Olena HRYTSEVSKA

Mykolaiv agrarian national University

Viktoriia SUKHORUKOVA

Mykolaiv agrarian national University

FORMATION OF FINANCIAL RESULTS OF AGRICULTURAL ENTERPRISES OF THE ZHOVTNEVOE AREA OF MYKOLAIV REGION

In the article the theoretical aspects of the essence of the process of forming financial results of activity. Defined the role and feature of the process of formation of the financial results of Zhovtnevoe area of Mykolaiv region. Calculated income (loss) and profitability of production and salling of agricultural enterprises of the Zhovtnevoe area. Reasonably structurally-logical schema of profit from the sale of agricultural products by enterprises and provided suggestions for areas of increasing financial activity results.

Full Article in Ukrainian

UDK: 658.152.153:631.11

Larysa VDOVENKO

Doctor, associate professor, Vinnytsia National Agrarian University

Dmytro CHERNENKO

The National Scientific Center "Institute of Agrarian Economics"

Oleksandr KELMAN

Vinnytsia National Agrarian University

CAPITAL MANAGEMENT - THE BASIS OF EFFECTIVENESS ENTERPRISES OF AGRICULTURAL SPHERE

The article describes theoretical approaches to the interpretation of the economic essence of the category "capital". It is concluded that capital not only provides the production process, and is a reflection of the efficiency of business entities of agrarian sector of the economy, an integral part of the production cycle, its determinant and the driving force of expanded reproduction, which necessitates an effective management structure to implement the strategy of financial policy of agricultural enterprises. The multidimensional nature of the concept of "capital", the diversity of its characteristics, which are analyzed in the literature, broadens the understanding of the nature of capital and increase its role in ensuring the continuous production process, including in the agricultural sector of the economy.

Full Article in Ukrainian

UDK: 330.101.5

Oleg M. GORDUNOVSKY

Doctor of Sciences (Economics), Associate Professor, Cherkasy Institute of the State higher educational institution "Banking University"

NATURE AND FORMS OF ECONOMIC FREEDOM AND ITS PECULIARITIES IN UKRAINE

Theoretical approaches to determining the nature and role of economic freedom in market economy are considered. The implementation of criteria and indicators of economic freedom are investigated. It identifies and describes the internal and external forms of economic freedom. Factors affecting the change in views on the role and limits of economic freedom under the influence of market relations transformation are analyzed. The international approaches to assessing the economic freedom of national economies are considered. The features of the manifestation of economic freedom in Ukraine for the effect of the uncertainty of the market environment and high transaction costs are explore.

Full Article in Ukrainian

UDK: 338.43+368.5

Anatoly LITVINOV

PhD, associate professor, KhNTUA, Ukraine

RISK MANAGEMENT AND INSURANCE IN THE SYSTEM OF REPRODUCTION AND SUSTAINABLE DEVELOPMENT OF THE AGRICULTURAL ENTERPRISE

Approaches to the management of risk that occurs during the agricultural enterprise operations were substantiated. It has been shown that the risk management sphere contains unused reserves for improving the economic efficiency of agricultural enterprises.

Full Article in Ukrainian

UDK: 368.9.06

Iryna А. CHKAN

Candidate of Science in Economics, Tavria State Agrotechnological University

Nataliya RUBTSOVA

PhD, associate professor, Tavria State Agrotechnological University

MODERN STATUS MARKET OF MEDICAL INSURANCE IN UKRAINE: PROBLEMS AND PROSPECTS OF DEVELOPMENT

Work of market of medical insurance is analyzed in Ukraine. Determine the portion of the voluntary health insurance in the insurance market of Ukraine. The dynamics of each of the types of voluntary health insurance. Basic problems retentive effective development of medical insurance in a country are certain. On the basis of foreign experience, the prospects for the introduction of obligatory social health insurance in Ukraine and the reasons for that inhibit this process.

Full Article in Ukrainian

UDK: 336.338

Natalya M. TRETYAK

Candidate of Economics, Associate Professor, Cherkasy Institute of the State higher educational institution "Banking University"

Nelya G. NAGAICHYK

Candidate of Economics, Associate Professor, Cherkasy Institute of the State higher educational institution "Banking University"

FORMATION OF OPTIMAL STRUCTURE FINANCING OF INNOVATIVE ENTERPRISES

The structure of sources of funding innovation was considered in the context of traditional and non-traditional sources, was proposed use of alternative sources of funding for the formation of optimum structure.

Full Article in Ukrainian

UDK: 330.322.2:330.341.1

Kseniia KHAUSTOVA

PhD, associate professor, Mucachevo State University

INVESTMENT AND INNOVATION STRATEGY OF ENTERPRISE AND APPROACHES TO ITS CLASSIFICATION

This article provides an overview of scientific approaches to the definition and classification of investment and innovation strategies, has been defined of the term "investment and innovation strategy" along with the author’s approach to its classification.

Full Article in Ukrainian