Respondent
Theme
Stock Market of Ukraine in Conditions of global Financial Instability.
Defence Date
Annotation
Dissertation for the scientific degree of Candidate of economic sciences, specialty
08.00.08 –Money, finances and credit. – Ivan Franko National University of Lviv. –
Lviv, 2016.
Theoretical, methodological and practical fundamentals of the stock market of
Ukraine in an unstable global financial environment were studied in the dissertation.
The essence of the stock market as a necessary element of the market economy
infrastructure was proved.
Systematizing of the historical genesis of scientific thought on the formation and
development of the stock market in Ukraine was made to highlight historic milestones
of the stock market for certain types of social production and stages of economic
development.
It is proved that the origin and development of the stock market in Ukraine is
closely related to the functioning of the market of real assets.
A system of internal and external factors that influence the formation and
effective functioning of the stock market in market and transitional economies was
revealed.
The mechanism of state regulation of the stock market of Ukraine was improved.
It includes formation of special instruments of state regulation of securities market
and institutional infrastructure; revitalization of institutional investors activity,
especially investment and pension funds; development of information infrastructure
and increase of the share of electronic trading networks in the stock market and new
financial instruments, including infrastructure bonds, long-term government bonds
indexed to inflation.
The necessity of self-regulation of the stock market of Ukraine in modern
conditions was grounded. The principle of maximum self-regulation stipulates that the
state regulates the activity of the market only when it is absolutely necessary and
delegates part of its rule-making and regulatory functions to professional securities
market operators organized in self-regulatory organizations (SROs )
The modern concept of the operation and development of the stock market in
terms of Ukraine’s economy is based on using the methods of structural and functional
analysis of the stock relations nature and institutional theory of property rights. It
allows to get a systematic understanding of the stock market as an economic category
and apply it as a mechanism for effective financial resources redistribution and
transformation of property relations.
Key words: financial market, stock market, international stock market, securities
market, the mechanisms of regulation of the stock market, stock market instruments,
the functions of the stock market, stock exchange, securities, stocks, bonds.