Abstract

The article substantiates that the development of the financial architecture, being a component of overall economic stability and financial development, reaches the optimal level with the help of state regulation and the implementation of financial policy. The proposed scientific-methodical approach to assessing the development of the financial architecture is based on the calculation of the composite index of the development of the financial architecture - as a symbiosis of the subindices of the following components: banking, budgetary, non-banking, currency, money credit and stock market components. The algorithm of the scientific and methodical approach includes the following stages: the selection of indicators for assessing the development of the financial architecture - in total, the use of 29 indicators is proposed for six sub-indices; normalization of single indicators taking into account the type of their influence on the development of the financial architecture; block assessment taking into account the weight of individual indicators of the development of the financial architecture for each sub-index; calculation of the composite index of financial architecture development; determination of zones of development of financial architecture in accordance with the limit values and identification of the obtained values of the composite index for a certain zone.

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