JEL Classification: G02, G21, D1. DOI: https://doi.org/10.31521/modecon.V14(2019)-38 Semenog Andrii, Ph.D. in Economics, Associate Professor, Associate Professor of Finance, Banking and Insurance Department, Sumy State University, Sumy, Ukraine ORCID ID: 0000-0003-3222-9574 Brychko Maryna, Ph.D. in Economics, Senior Lecturer of Finance, Banking and Insurance Department, Sumy State University, Sumy, Ukraine ORCID ID: 0000-0002-9351-3280 e-mail: m.brychko@uabs.sumdu.edu.ua Semenog Viktoriia,Read more