Patoinstitutions of the Ukrainian capital market: opportunities for recovery and effective functioning.

Ruzanna Arutyunyan
PhD in Economics, Associate Professor, Department of Banking, Odessa National Economic University, Ukraine, e-mail:ruzaodessa@gmail.com, ORCID ID:https://orcid.org/0000-0001-6577-390X

Svetlana Arutyunyan
PhD in Economics, Associate Professor, Department of Financial Management and Stock Market, Odessa National Economic University, Ukraine, e-mail:svetlar9950@gmail.com, ORCID ID:https://orcid.org/0000-0002-7072-4739

Iryna Ropotan
in Economics, Associate Professor, Department of Financial Management and Stock Market, Odessa National Economics University, Ukraine, e-mail:ropotan4ik@ukr.net, ORCID ID:https://orcid.org/0000-0003-0804-8204

Cite this article:

Arutyunyan, R., Arutyunyan, S., Ropotan, І. (2018). Patoinstitutions of the Ukrainian capital market: opportunities for recovery and effective functioning. Ed.: M. Zveryakov (ed.-in-ch.) and others [Patoinstytuty rynku kapitaliv Ukrainy: mozhlyvosti ozdorovlennia ta efektyvnoho funktsionuvannia; za red.: М. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 1 (65), pp. 144‒152.

Abstract

The article analyzes modern problems of development of the capital market in Ukraine and the pathology of its main institutions, suggests areas for their recovery and effective functioning to provide investment resources for the real sector of economy and structural adjustment. The basic goals of the state's long-term strategy in the capital market development, in particular, the stock market and the market of bank loans, are defined. The necessity of reforming the system of regulation of the financial sector to overcome the causes of structural and cyclical and financial crises is substantiated. The goals and guidelines for the functioning of the financial system and financial market are defined to provide the real sector of economy with investment resources and to promote industrial, economic, social and ecological modernization of the country.

Keywords

capital market; pathinstitutions; stock market; banking system; recovery.

JEL classification: G180; G210; G280; DOI: https://doi.org/10.33987/vsed.1(65).2018.144-152

UD classification: 336.71.339

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