{"id":14840,"date":"2021-03-20T14:00:13","date_gmt":"2021-03-20T12:00:13","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=14840"},"modified":"2021-03-22T21:11:27","modified_gmt":"2021-03-22T19:11:27","slug":"the-institutional-financial-markets-infrastructure","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/the-institutional-financial-markets-infrastructure\/","title":{"rendered":"Sirenko N., Bodnar O., Shyshpanova N. The Institutional Financial Markets Infrastructure: Theoretical and Practical Aspects"},"content":{"rendered":"

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JEL Classification<\/strong>: G20; G21; G23; G28<\/i>
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V25(2021)-20<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Sirenko Natalia<\/b>, Doctor of Economics, Professor, The Head of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0003-1660-1073<\/a>
\ne-mail:<\/strong> sirenko@mnau.edu.ua<\/a><\/p>\n

Bodnar Olena<\/b>, PhD (Economics), Assistant Professor of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0002-0152-4290<\/a>
\ne-mail:<\/strong> bodnarolena1606@gmail.com<\/a><\/p>\n

Shyshpanova Nataliia<\/b>, PhD (Economics), Associate Professor of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0001-8347-5682<\/a>
\ne-mail:<\/strong> Shishpanova@mnau.edu.ua<\/a><\/p>\n

 <\/p>\n

The Institutional Financial Market\u2019s Infrastructure: Theoretical and Practical Aspects<\/b><\/h2>\n

 <\/p>\n

Annotation. Introduction<\/b>. The relevance of the study is conditioned to the significant influence of modern financial markets on the real economy and social development as a whole.\u00a0<\/span><\/p>\n

Purpose<\/b>. The purpose of the article is to generalize the theoretical provisions for determining the model of the financial market, highlighting the elements of the financial market infrastructure, analysis of the development of the domestic financial market.<\/span><\/p>\n

Results<\/b>. We have done the characteristic of the current stage of the financial system\u2019s and financial market\u2019s development. Denotes the inhomogeneity of the existing theoretical approaches \u00a0 to the definition of a financial market and its structural classification, with emphasis on the importance of the institutional component. We have done the analysis of the different models (types) of the financial system and financial markets and the factors determining the use of these models in different countries. Background of selection of so-called mixed model of the financial system in Ukraine are systematized, when equal opportunities and rights, with no serious legislative restrictions and financial transactions are carried out banking and non-banking financial institutions. The current stage of development of the domestic financial market is characterized by a dominant share of universal banks, but the industry non-bank financial institutions has also received its development, which generally creates a competitive environment for all market participants. At the same time, certain non-bank credit institutions, recently appeared on the market and very dynamic, require special attention from the mega-regulator.\u00a0<\/span><\/p>\n

Conclusions.<\/b> In this regard, we have done the conclusion about the need to improve legislation in the field of financial markets and to ensure an acceptable level of control.<\/span><\/p>\n

Keywords:<\/b> financial market; financial system; banking and non-banking financial institutions.<\/span><\/p>\n

References:<\/strong><\/p>\n

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    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> \u00a007 December 2020<\/span><\/p>\n

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    Sirenko N., Bodnar O., Shyshpanova N. (2021). The Institutional Financial Markets Infrastructure: Theoretical and Practical Aspects. Modern Economics<\/em>, 25(2021), 130-135. DOI: https:\/\/doi.org\/10.31521\/modecon.V25(2021)-20.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: G20; G21; G23; G28 DOI: https:\/\/doi.org\/10.31521\/modecon.V25(2021)-20 [\/vc_column_text][vc_column_text] Sirenko Natalia, Doctor of Economics, Professor, The Head of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine ORCID ID: 0000-0003-1660-1073 e-mail: sirenko@mnau.edu.ua Bodnar Olena, PhD (Economics), Assistant Professor of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University,
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