Виклики фінансової глобалізації для розвитку територій України: напрями мінімізації та регулювання

Abstract

The active development of digital technologies, in particular Internet banking, algorithmic trading, big data industry, credit electronic platforms, blockchain and cryptocurrencies with a gradual abandonment of cash payments, causes a radical transformation of the financial system of most countries and creates new challenges in monetary lending and increases financial imbalances in the regional development of Ukraine. The article is aimed at deepening the theoretical and applied bases of the study of the mutual relationship between the challenges of globalization and financial imbalances in regional development, substantiating the main directions of their regulation, and minimizing the negative consequences of financial globalization. The article defines the need for a radical transformation of Ukraine’s regional financial systems and the development of a new policy to counteract the challenges of globalization in order to overcome financial imbalances in the regions of the country, namely: clear separation of powers of the subjects of regional regulation of the cryptocurrency market; implementation of financial regional monitoring and control over the subjects of primary financial monitoring; development of digital infrastructure, creation of conditions for the implementation of network segmentation technologies; retraining and social adaptation of financial workers due to the active development of information technologies. Counteracting financial crime, money laundering, cross-border and international crime is a key component in overcoming financial imbalances in the development of Ukrainian regions. It is proved that the introduction of a comprehensive system of minimizing the manifestations of shadowing the monetary sector will have positive results in the context of strengthening financial security.