Abstract

Abstract. The existing methods of separate central banks, regulators of financial markets, international financial and credit institutions, rating agencies and consulting companies, which can be used partially to assess the quality of transformational processes taking place in the financial sector, are analyzed. An adequate methodical toolkit is proposed, which will allow to assess the potential of the domestic financial sector, to identify the patterns of transformation processes, and also to assess the impact of their quality on the functioning of financial intermediaries and to propose appropriate mechanisms for ensuring their further development. The structural-logical scheme of formation of criteria and system of indicators of the quality of transformational processes in the financial sector of the country’s economy is developed. Investigated general approaches are considered to be useful for developing a methodology for the integral assessment of the quality of transformation processes in the financial sector of the economy by specifying the content of the main stages and methodological approaches to the goals and object of the research. Assessment of the quality of transformation processes in the financial sector of the national economy is an ambiguous process. This is due to the fact that, firstly, in this regard it can be considered as the impact of transformations on the quality of objects, and as the quality of the transformations in particular. Secondly, transformation processes in the financial sector of the national economy can be positive and negative; general and specific; large-scale and minor; systematic and dotted; intensive and extensive; priority and non-priority; stimulating and moderating; divergent; resource, technological, institutional, organizational, quality, behavioral; timely and spatial; painful, conflict and non-conflict; and also they are made with different expenses. Thirdly, both expected and actual results of transformation processes in the financial sector should be assessed. Keywords: financial sector, transformation, transformation processes, indicators of the quality of transformation processes, methodology for assessing the quality of transformational processes. Formulas: 6; fig.: 1; tabl.: 0; bibl.: 15.

Highlights

  • Current development trends of the domestic financial intermediaries are determined by the efforts of foreign financial institutions, as well as changes in the quality of transformation processes in the financial sector (FS)

  • Assessment of the quality of transformation processes in the financial sector of the national economy is an ambiguous process. This is due to the fact that, firstly, in this regard it can be considered as the impact of transformations on the quality of objects, and as the quality of the transformations in particular

  • Transformation processes in the financial sector of the national economy can be positive and negative; general and specific; large-scale and minor; systematic and dotted; intensive and extensive; priority and non-priority; stimulating and moderating; divergent; resource, technological, institutional, organizational, quality, behavioral; timely and spatial; painful, conflict and non-conflict; and they are made with different expenses

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Summary

Introduction

Current development trends of the domestic financial intermediaries are determined by the efforts of foreign financial institutions, as well as changes in the quality of transformation processes in the financial sector (FS). The issue of improving its financial stability, competitiveness, institutional efficiency and functional safety is currently of great interest. To consider this problem, it’s necessary to develop adequate methodical toolkit for assessing the domestic financial sector potential, identifying the patterns of transformation processes, assessing the impact of their quality on the financial intermediaries functioning and proposing the appropriate mechanisms for their further development

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