Abstract

The article implements a systematic approach to the study of the institutional component of resource support of the functioning and development of the credit market. The essence, role and importance of infrastructure provision in improving of the efficiency of the main entities of the credit market – creditors, borrowers and the quality of credit services are identi-fied. The main components of the credit market infrastructure support - subsystems and elements are revealed and character-ized. It is shown that in the credit market as a system that can be attributed to hierarchical types of structures, the direction of functional relationships is mostly reversed, which is determined by the influence of lower levels of the hierarchical structure of the system on its performance efficiency. The expediency of credit market decomposition as a system in the study of its individual components - subsystems and elements is considered. As the detail of these components deepens, it is possible to identify the factors and the nature of their impact on the credit market. It is shown that the degree of detail in the process of decomposition is determined by the depth of research, which implements the task of finding those negative factors that are the root causes of threats to the effective functioning of the credit market. It is noted that the activity of the credit market is af-fected not only by segments of its infrastructure supply (informational, institutional, technical, etc.), but also by the financial and economic crisis and a number of other macroeconomic factors. It is shown that the state plays a key role in institutionalsupport of the credit market’s functioning through its institutions (NBU, Ministry of Finance, etc.). Factors that negatively affect the credit relations of creditors and borrowers are revealed, which requires the development of effective measures to remedy the situation in the credit market. A systematic approach to the study of the credit market, the analysis of its components, the relationships between its sub-systems and elements allowed to elaborate a number of measures to improve the efficiency of its operation and development. In the process of studying the credit market it was found that the most developed component of its infrastructure supply is a set of different specialized institutions. However, there are a number of issues that need to be solved regarding the effectiveness of the implementation of their functions and the quality of the regulatory impact of regulatory and legal provision for the functioning of the credit market. The prospect of further research on certain topic is the development of proposals and effective tools aimed at improving the efficiency of institutional support for the functioning and development of the credit market of Ukraine.

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