BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

Challenges of Financial Globalization for the Development of the Territories of Ukraine: Directions of Minimization and Regulation
Mulska O. P., Gudzovata O. О.

Mulska, Olha P., and Gudzovata, Oksana О. (2021) “Challenges of Financial Globalization for the Development of the Territories of Ukraine: Directions of Minimization and Regulation.” Business Inform 1:164–170.
https://doi.org/10.32983/2222-4459-2021-1-164-170

Section: Regional Economy

Article is written in Ukrainian
Downloads/views: 7

Download article (pdf) -

UDC 336.025:336.15

Abstract:
The active development of digital technologies, in particular Internet banking, algorithmic trading, big data industry, credit electronic platforms, blockchain and cryptocurrencies with a gradual abandonment of cash payments, causes a radical transformation of the financial system of most countries and creates new challenges in monetary lending and increases financial imbalances in the regional development of Ukraine. The article is aimed at deepening the theoretical and applied bases of the study of the mutual relationship between the challenges of globalization and financial imbalances in regional development, substantiating the main directions of their regulation, and minimizing the negative consequences of financial globalization. The article defines the need for a radical transformation of Ukraine’s regional financial systems and the development of a new policy to counteract the challenges of globalization in order to overcome financial imbalances in the regions of the country, namely: clear separation of powers of the subjects of regional regulation of the cryptocurrency market; implementation of financial regional monitoring and control over the subjects of primary financial monitoring; development of digital infrastructure, creation of conditions for the implementation of network segmentation technologies; retraining and social adaptation of financial workers due to the active development of information technologies. Counteracting financial crime, money laundering, cross-border and international crime is a key component in overcoming financial imbalances in the development of Ukrainian regions. It is proved that the introduction of a comprehensive system of minimizing the manifestations of shadowing the monetary sector will have positive results in the context of strengthening financial security.

Keywords: challenges of globalization, financial imbalances, regional development, cryptocurrency, financial system, regional monitoring.

Fig.: 2. Bibl.: 22.

Mulska Olha P. – Candidate of Sciences (Economics), Senior Research Fellow, Department of Problems of Social and Humanitarian Development of Regions, Institute of Regional Research named after M. I. Dolishniy of the NAS of Ukraine (4 Kozelnytska Str., Lvіv, 79026, Ukraine)
Email: [email protected]
Gudzovata Oksana О. – Doctor of Sciences (Economics), Associate Professor, Professor, Lviv Business School of Ukrainian Catholic University (2a Kozelnytska Str., office 312, Lviv, 79026, Ukraine)
Email: [email protected]

List of references in article

“Pro pidsumky diialnosti system perekazu koshtiv u 2017 r.“ [On the Results of the Transfer of Funds in 2017]. http://finsb.com.ua/news-ua/pro-pidsumki-diyalnosti-sistem-perekazu-koshtiv-u-2017-r/
Storonyanska, I., and Benovska, L. “Risks of administrative and financial decentralisation: theoretical hypotheses and empirical assessment“. Economic Annals-XXI, vol. 166, no. 7-8 (2017): 76-79. DOI: https://doi.org/10.21003/ea.V166-15
Yehorov, A. O., Lazneva, I. O., and Zheronkin, B. O. “Hlobalni dysbalansy ta kryzovi protsesy u svitovii finansovo-ekonomichnii systemi“ [Global Imbalances and Crisis Processes in the World Financial and Economic System]. Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu. Seriia «Mizhnarodni ekonomichni vidnosyny ta svitove hospodarstvo». 2017. http://www.visnyk-econom.uzhnu.uz.ua/archive/12_1_2017ua/26.pdf
Kornieiev, M. V. “Proiavy dysbalansiv rukhu finansovykh resursiv v ekonomitsi“ [Displays of Disbalances of Motion Financial Resources in Economy]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu. Seriia «Ekonomichni nauky», vol. 3, no. 11 (2015): 113-116.
Reznikova, O. O., and Tsiukalo, V. Yu. “Formuvannia systemy stratehichnoho planuvannia i prohnozuvannia u sferi natsionalnoi bezpeky Ukrainy : analitychna zapyska“ [Formation of a System of Strategic Planning and Forecasting in the Field of National Security of Ukraine: An Analytical Note]. Natsionalnyi instytut stratehichnykh doslidzhen. http://old2.niss.gov.ua/articles/1847/
Shehda, A. V. “Pryiniattia upravlinskykh rishen v umovakh nevyznachenosti ta ryzyku“ [Making Management Decisions in Conditions of Uncertainty and Risk]. Teoretychni ta prykladni pytannia ekonomiky. 2011. http://tppe.econom.univ.kiev.ua/data/2011_26/zb26_01.pdf
“Detsentralizatsiia v Ukraini ta yii vplyv na sotsialno-ekonomichnyi rozvytok terytorii: metodychni pidkhody ta rezultaty otsiniuvannia : naukova dopovid“ [Decentralization in Ukraine and Its Impact on the Socio-economic Development of Territories: Methodological Approaches and Evaluation Results: Scientific Report]. Lviv : IRD NAN Ukrainy, 2018. http://ird.gov.ua/irdp/p20180705.pdf
“Stale endohenne zrostannia rehioniv Ukrainy v umovakh detsentralizatsii“ [Sustainable Endogenous Growth of Regions of Ukraine in the Conditions of Decentralization]. http://ird.gov.ua/irdp/p20190009.pdf
Shults, S. L. “Rehionalna polityka v Ukraini: evoliutsiini zasady ta stratehichni perspektyvy“ [Regional Policy in Ukraine: evolutionary principles and strategic perspectives]. Rehionalna ekonomika, no. 3 (2014): 26-36.
“Terytorialnyi rozvytok i rehionalna polityka: Vyklyky ta priorytety staloho endohennoho zrostannia rehioniv Ukrainy v umovakh suchasnykh reform“ [Territorial Development and Regional Policy: Challenges and Priorities of Sustainable Endogenous Growth of Ukraine's Regions in the Context of Modern Reforms]. Lviv, 2018. http://ird.gov.ua/irdp/p20180701.pdf
Voznyak, H., Kloba, L., and Kloba, T. “Financial imbalances in the endogenous development of regions: an assessment attempt“. Zeszyty Naukowe Wyzszej Szkoly Bankowej w Poznaniu, vol. 89, no. 2 (2020): 67-82.
Vozniak, H. V. Biudzhetna polityka rozvytku rehioniv Ukrainy: suchasna paradyhma ta oriientyry podalshykh reform [Budget Policy of Development of Regions of Ukraine: Modern Paradigm and Guidelines for Further Reforms]. Lviv, 2016.
Storonianska, I. Z., and Benovska, L. Ya. “Efektyvnist vykorystannia finansovykh resursiv mistsevykh biudzhetiv: problemno-oriientovanyi analiz“ [Efficiency of Use of Financial Resources of Local Budgets: Problem-oriented Analysis]. Stratehichni priorytety, no. 1 (2014): 84-90.
Kravchuk, N. Ya. “Kontseptualizatsiia hlobalnykh finansovykh dysbalansiv“ [Conceptualisation of Global Financial Imbalances]. Zovnishnia torhivlia: ekonomika, finansy, pravo. 2013. http://zt.knteu.kiev.ua/files/2013/3(68)/uazt_2013_3_18.pdf
Pantielieieva, N. “Novi formy hroshei v umovakh formuvannia informatsiinoho suspilstva“ [New Forms of Money in Formation of the Information Society]. Visnyk NBU, no. 5 (2015): 25-31.
Vasyltsiv, T. H., and Hudzovata, O. O. “Instrumenty detinizatsii hroshovo-kredytnoho sektoru v systemi zabezpechennia finansovoi bezpeky Ukrainy“ [Instruments for the Depilation of the Monetary Sector in the System of Financial Security of Ukraine]. Sotsialno-ekonomichni problemy suchasnoho periodu Ukrainy. 2018. http://ird.gov.ua/sep/sep20184(132)/sep20184(132)_095_VasyltsivT,HudzovataO.pdf
“Ryzyky teroryzmu ta separatyzmu - 2017“ [Risks of Terrorism and Separatism - 2017]. Derzhavna sluzhba finansovoho monitorynhu Ukrainy. https://www.nfp.gov.ua/files/DepFinMon/Ризики_тероризму_та_сепаратизму.pdf
Mitrashevska, A. “Shcho take bitkoin i chomu vin takyi dorohyi?“ [What Is Bitcoin and Why Is It So Expensive?]. http://zbruc.eu/node/5340
“Ryzyky vykorystannia hotivky - 2017“ [Risks of Using Cash - 2017]. Derzhavna sluzhba finansovoho monitorynhu Ukrainy. https://nfp.gov.ua/files/DepFinMon/Ризики_використання_готівки_2017_Nalichka.pdf
[Legal Act of Ukraine] (2017). http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=62684
[Legal Act of Ukraine] (2017). http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=62710
[Legal Act of Ukraine] (2017). http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?id=&pf3511=62816

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster