Особенности структуры кредитного рынка Украины.

Authors

  • М.И. Хмелярчук (Khmelyarchuk, M.I.)

Abstract

В статье изложены методические принципы структуризации национального кредитного рынка на основании определения «банковского» и «фондового» («рыночного») каналов кредитования национальной экономики. С этих позиций проведен структурный анализ кредитного рынка Украины, который засвидетельствовал преимущественные позиции «банковского» канала, следовательно, и важнейшее значение банковской системы в посткризисном восстановлении национальной экономики. В статье также проанализирован и «фондовый» канал кредитного рынка Украины, в структуре которого, в условиях низкого уровня развития национального фондового рынка, доминируют операции с государственными облигациями, а также корпоративные облигации государственных и финансовых учреждений. Автором обосновано, что недостаточный уровень институционализации и государственного регулирования процессов кредитования национальной экономики являются главными сдерживающими факторами эффективного функционирования кредитного рынка в Украине. Ключевые слова: кредитный рынок, «банковский» канал, «фондовый» канал, банковская система, фондовый рынок, облигации. = In the article were defined the methodic principles of national credit market structuration under the de-scription of «banking» and «fund» («market») channels of credit financing of national economy. Under these bases the structural analysis of Ukrainian credit market showed the prevalence of «banking» channel and consequently the important role of banking system in the processes of postcrises recovery of national economy. In the article was also analyzed the «fund» channel of Ukrainian credit market, that showed prepotency on the operations with state and corporate bonds under the conditions of underdevel-opment fund market in Ukraine. The author grounded that the low levels of institutional development and government regulation in credit financing of national economy are the main factors that restrain the effective development of Ukrainian credit market. Key words: credit market, «banking» channel, «market» channel, banking system, stock market, bonds.

References

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How to Cite

Хмелярчук (Khmelyarchuk, M.I.) М. (2015). Особенности структуры кредитного рынка Украины. Economy and Banks, (1), 25-31. Retrieved from https://ojs.polessu.by/EB/article/view/365

Issue

No. 1 (2014)

Section

Finance, money circulation and credit

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