The Financial Architecture of the National Economy: Configuration and Structural Components

The aim of the article is to study the configuration of the financial architecture of the national economy, determine its structural components, as well as reveal the properties of its construction. It is proposed to single out the following main structural components: national, international, global (supranational) one, presented in the configuration and investigated in conjunction with the external environment. The national component represents conditions for the functioning of the financial system within the national economy. To a certain extent, this component characterizes the degree of liberalization of the country’s financial sector. The international component is the state’s activities to create and develop conditions for free movement of capital and to a certain extent ensure the financial sovereignty of an individual country. The global (supranational) component includes the development and implementation of fundamentally new mechanisms and methods for managing the international community as a whole (in financial terms), without limiting national sovereignty. A classification of types of financial architecture depending on the properties of its construction and the specifics of its interaction with the external environment is proposed. Taking into account the totality of the properties presented in the article, it is proved that the financial architecture is a complex hierarchical configuration of constituent components, and, in this regard, signs of complexity are identified. The analysis showed that further studies should be aimed at considering the dynamic patterns of institutional changes in the financial architecture

Analyzing the Methods of Estimation of the Economic Security of Enterprises

The article is aimed at researching the basic methodological approaches of estimation of the economic security of enterprises. The basic methods of estimation of the level of economic security of the enterprises which are expedient for grouping according to such approaches are suggested: the resource-functional approach based on the estimation of economic security of enterprise by its functional components and for enterprise as a whole; indicator approach, which involves the estimation of the level of economic security of enterprise based on the use of an aggregate of indicators in various functional areas and comparison of their actual values with thresholds (indicators); expert approach based on the use of expert estimations of the level of economic security of enterprise; matrix approaches, involving the use of matrices to estimate the level of economic security of enterprise, built on the basis of clear and logical algorithms; methods of economic-mathematical modelling, implying the use of mathematical models and showing the influence of individual indicators (factors) on the level of security of enterprise, allowing to foresee different scenarios of the enterprise development subject to change of any given factor

The Banking System of Ukraine as Part of the Financial Market

The aim of the article is to study the banking system of Ukraine as part of the financial market. An analysis of macroeconomic indicators, based on data from the National Bank of Ukraine and the Ministry of Finance of Ukraine, is carried out. It is found that today the development of the banking sector of Ukraine is largely conditioned by economic growth of the country and the situation in international financial markets. It is proved that improving the quantitative and qualitative features of the development of the financial sector as a whole is an important condition for state regulation of the financial system of Ukraine, preceding the adoption of effective and adequate management decisions aimed at searching for approaches and appropriate methods, with regard to challenges posed by the external financial environment, at the stage of integration processes. It is justified that the Ukrainian banking sector is gradually integrating into the international banking system and is forming its own development model, which should fully realize Ukraine’s potential in financial globalization. There highlighted the trends in the banking industry of Ukraine: restoration of profitable activities of banks (in the system in general); increase by the National Bank of the discount rate, which led to a growing attractiveness of investment in government bonds and NBU certificates of deposit; slow pace of business lending; rapid development of consumer lending. It is concluded that a tight monetary policy, restrained fiscal policy, forecasted decrease in the grain harvest and decline in the volume of international trade, in particular, as a result of protectionist measures, can be considered the main levers of maintaining economic growth in 2019