№ 6/2016

Fìnansi Ukr. 2016 (6): 96–0

MARKET OF FINANCIAL SERVICES

KUZNETSOVA Anzhela , OLEFIR Ievgeniia

FEATURES OF BANKING SYSTEM DEVELOPMENT IN UKRAINE IN THE CONTEXT OF UNDERTAKING ADAPTATION ACTIONS

This article is devoted to studying adaptation actions undertaken by the National Bank of Ukraine and banks at each stage of banking system evolution. Since the domestic banking system is in crisis, it is necessary to take effective actions that would allow the system to reach a qualitatively new level of development. In this regard, there is a need to identify adaptation actions that would contribute to its further development, and actions by the regulator, the government, and banks that, on the contrary, slowed down the process. Using retrospective analysis and the method of induction, it is found out that at stages 2 (1996-1997) and 4 (2000-2005), the actions undertaken were generally highly effective, at other stages – only some actions were effective but they could not give a competitive edge to the national banking system at the international level. The article provides a comparative analysis of adaptation actions undertaken across the globe (including in Ukraine) in the crisis (2008-2009) and post-crisis (2010-2015) periods and concludes that the banking system will not develop in an active manner until a number of structural economic reforms are implemented. Based on research into the features of adaptation actions, the authors identify the most typical forms and methods of adaptation for each period of the system development. Further research will be focused on finding the best combination of adaptation forms, taking into consideration cycles (recessions/growth) of economic development and financial markets.

Keywords:banking system, stages of development, adaptation actions, forms and methods of adaptation.

JEL: G20, G21, G29.

Kuznetsova A. . FEATURES OF BANKING SYSTEM DEVELOPMENT IN UKRAINE IN THE CONTEXT OF UNDERTAKING ADAPTATION ACTIONS / A. Kuznetsova, I. Olefir // Фінанси України. - 2016. - № 6. - C. 96-0.

Article original in Ukrainian (pp. 96 - 107)

Download

Downloads :145

1. Vovchak, O. D., Rushhy`shy`n, N. M. (2008). Banking. L`vіv: Novy`j Svіt-2000 [in Ukrainian].
2. Dudchenko, V. Yu. (2014). Stages of development and current problems of the banking system of Ukraine. Problems and prospects of the banking system of Ukraine, 40, 99–109 [in Ukrainian].
3. Karcheva, H. T. (2012). The efficiency of the operation and prospects of the banking system of Ukraine. Kyiv: Іnsty`tut ekonomіky` ta prohnozuvannya NAN Ukrayiny` [in Ukrainian].
4. Bojko, Yu. O. (2012). Managing the concentration of banking capital in Ukraine (Unpublished master's thesis). Unіversy`tet bankіvs`koyi spravy`, Kyiv [in Ukrainian].  5. Boldy`ryev, O. O. (2012). Crisis management of bank (Unpublished master's thesis). Ky`yivs`ky`j Nacіonal`ny`j ekonomіchny`j unіversy`tet іmenі Vady`ma Het`mana [in Ukrainian].
6. Hrebeny`k, N. (2007). Milestones in the formulation and conduct of monetary policy in Ukraine. Article One. The formation of monetary policy in independent Ukraine. Bulletin of the National Bank of Ukraine, 5, 12–22 [in Ukrainian].
7. Kovalenko, V. V. (Ed.). (2012). The development of the banking system in the emerging architecture of the financial market. Odesa: Atlant [in Ukrainian].
8. Hasyuk, M. O. (2015). The transformation of the banking system of Ukraine in terms of the movement of foreign capital (Unpublished master's thesis). Unіversy`tet bankіvs`koyi spravy` Nacіonal`noho banku Ukrayiny` [in Ukrainian].
9. Chub, O. O. (2010). The development of the banking system of Ukraine under globalization (Unpublished doctoral thesis). Ky`yivs`ky`j Nacіonal`ny`j ekonomіchny`j unіversy`tet іmenі Vady`ma Het`mana [in Ukrainian].
10. My`s`kіv, H. V. (2014). Research stages of the credit market of Ukraine. Scientific Proceedings of the National University "Ostroh Academy", 26, 67–72 [in Ukrainian].
11. Arzhevіtіn, S. M. (2015). Banking crisis: causes and ways out. Kyiv: UBS NBU [in Ukrainian].
12. The official website of the National Bank of Ukraine. (n. d.). Statistics. Retrieved from www.bank.gov.ua/control/uk/publish/article?art_id=65162&cat_id=36674 [in Ukrainian].
13. Usoskin, V. M. (2015). The anti-crisis policy of the central banks in 2007-2014 years: objects, features, results. Money and Credit, 6, 20–27 [in Russian].
14. Lazarenko, R. P. (2014). The anti-crisis policy of the German Federal Bank. Finance of Ukraine, 12, 96–102 [in Ukrainian].