ФІНАНСОВИЙ РИНОК ЯК РУШІЙ ГЛОБАЛІЗАЦІЙНИХ ЗМІН ТА ЙОГО ЗВ’ЯЗОК ІЗ РІВНЕМ ФІНАНСОВОЇ БЕЗПЕКИ

Abstract

The study focuses on the lack of effective implementation in connecting financial security and the functioning of the financial market, which leads to potential losses in solving socio-economic problems. To comprehensively consider the set of determinants that form the general course of development of financial security and the financial market, the special role of globalization is indicated. Globalization has a deep impact on world social relations and occupies an important and decisive place in solving major problems of national security. At the same time, the role of the financial market as a driver of globalization processes dictates the need for practical implementation of fundamental foundations and changes in the organization of the financial market related to globalization. The financial market has an inherent system-forming function regarding the financial system, and its integration into the financial space indicates its ability to contribute to or pose a threat to the stability of the financial system and the strengthening of financial security. It is argued that discovering ways to accumulate the potential of both spheres is associated with the opening of additional access within the financial market to organic sources of strengthening financial security, in addition to mechanical sources. Mechanical sources are characteristic of financial security and the financial market in the plane of relatively isolated systems, while organic sources are actively generated by horizontal links within the bounds of alternative ways of development of the financial market and financial security. It is emphasized that the conceptual transformation of relations in the "financial security – financial market" chain lies in the plane of dialectical interaction between them, based on the controlled integration of their strategic goals and potential. This transformation actively affects the functional and organizational models of financial security and financial market functioning, contributing to the overall transformation of their development mechanism from the currently prevailing mobilization one into an innovative one that asserts the advanced characteristics of development by activating intensive sources.