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 sub-indices 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. Approbation of the proposed scientific and methodological approach to assessing the development of the financial architecture for 2016-2021 was carried out. According to the results of the assessment, it was established that the development of the financial architecture of Ukraine was the highest in 2020 and was characterized as satisfactory.

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