ФОНДОВИЙ РИНОК ЯК ІНСТРУМЕНТ СТАБІЛІЗАЦІЇ ЕКОНОМІЧНОГО РОЗВИТКУ УКРАЇНИ

Abstract

To restore and stabilize economic development in Ukraine, it is necessary to ensure access to investment resources through effective capital formation mechanisms. Therefore, an urgent issue is the study of the essence and clarification of the functions of the stock market in conditions of a deep crisis, as well as as a tool for the implementation of financial policy in the country. The purpose of the article is a theoretical generalization of the essence of the stock market category and clarification of the functions of the stock market during the stabilization of the national economy. The subject of the research is the essence and functions of the stock market in the context of recovery and stabilization of economic growth. The methods of the research: generalization, comparison, analysis, synthesis. The statement of basic materials. The article highlights controversial issues regarding the definitions of "stock market" and "securities market". A refined definition of the concept of "stock market" is proposed, taking into account the current conditions of the functioning of the economy of Ukraine. Based on the generalization of the theoretical and methodological principles, the key functions of the stock market are highlighted. The peculiarities of the manifestation of the functions of the stock market during the recovery and stabilization of the national economy have been clarified. The practical significance of the obtained results lies in the formation of a theoretical basis for determining the priority directions of the development of the stock market in crisis conditions. Conclusions and perspectives of further research. Stabilization of the national economy largely depends on the development and functioning of the stock market, which will ensure a balanced distribution of capital to restore the stability of economic development after the end of the war in Ukraine. The stock market is a system of economic and legal relations related to the emission and circulation of securities and their derivatives, it must act in accordance with the relevant standards and perform a number of functions. Given its purpose in the country's economic system during a period of deep crisis, the key functions are mobilization, distribution (redistribution), regulation, price formation, information, stabilization, and stimulation.