The paradigm of formation of modern financial architecture

Житар, Максим Олегович and Сосновська, Ольга Олександрівна (2019) The paradigm of formation of modern financial architecture Проблеми економіки (4(42)). pp. 172-178. ISSN 2311-1186

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Abstract

The aim of the article is to study the paradigm of formation of modern finan- cial architecture. It is proved that the paradigm of economic development in the context of a systemic crisis of management mechanisms is the designed format of the financial architecture to increase the predictability and man- ageability of the global financial system; trends in its development are identi- fied. The systematization of generalizations of theoretical aspects concerning the paradigm of formation of modern financial architecture is presented. It is substantiated that the scientific investigation of the paradigm of formation and development of financial architecture in the context of financial develop- ment can serve as the basis for further research on the impact of financial de- velopment on economic growth of the national economy, with consideration for the role of financial architecture in this process. In this regard, the issue of modern financial science of XXI century is becoming relevant. It is con- cluded that the paradigm of formation of modern financial architecture can become the basis for studying organizational and methodological support to form the financial architecture of the Ukrainian economy, identifying modern trends in its development, presenting methodological approaches to analy- sis of transformations of financial architecture and considering the impact of financial globalization on the formation of the financial architecture of the national economy. Using a theoretical analysis, based on the Finance-Growth Nexus-FG model, the existence of a relationship between the degree of devel- opment of the financial architecture of the national economy and the level of economic growth of the country is revealed. It is determined that a stron- ger positive relationship is characteristic of countries with lower rates of eco- nomic development, a decrease in the degree of responsibility of dependence is characteristic of countries with a higher (complex) level of development of the financial system and financial architecture.

Item Type: Article
Uncontrolled Keywords: financial architecture; national economy; paradigm; financial development; economic growth
Subjects: Статті у наукометричних базах > Index Copernicus
Статті у журналах > Фахові (входять до переліку фахових, затверджений МОН)
Divisions: Факультети > Факультет інформаційних технологій та управління > Кафедра фінансів та економіки
Depositing User: Sosnovska Ольга Александровна Сосновская
Date Deposited: 18 Nov 2020 13:13
Last Modified: 19 Nov 2020 09:51
URI: https://elibrary.kubg.edu.ua/id/eprint/32736

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