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EFFICIENCY OF MECHANISMS OF DEVELOPMENT OF ENTERPRISES OF THE BANKING SECTOR OF THE NATIONAL ECONOMY

Journal: International Scientific Journal "Internauka" (Vol.1, No. 65)

Publication Date:

Authors : ;

Page : 34-38

Keywords : development mechanisms; enterprises; banking sector; national economy;

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Abstract

The article deals with the interaction of capital markets and mobility of financial resources, which promote an efficient allocation of funds among industries that stimulate the development of market relations and positively affect the well-being of people's lives. A major role in ensuring a high level of capital activity among the spheres of economy and enterprises is played by the banking sector, which shows the growth of promising sectors and stimulates the decline of non-promising ones. The paper analyzes the factors that influence the effectiveness of the mechanisms of development of participants in the banking sector of the national economy, which, unlike the known ones, are formed on the basis of weight estimates of the studied coefficients obtained with the use of an expert survey that does not allow consideration of factors that are not important in the context of the conducted analysis, and taking into account the factors that play a significant role in ensuring the development of participants in the banking sector of the national economy. The author determines that the banking sector does not function effectively without achieving co-ordination with the components of the socio-economic system. In this case, the economic efficiency of the functioning of the banking sector implies the effectiveness of its activities as the main component of the financial system of the state and the normal exercise of its functions under the influence of external and internal factors. It is also worth noting that without exploring the essence, purpose, components, methods and tools of the banking sector it is impossible to ensure the steady growth of the national economy. The global financial crisis has a negative impact on the Ukrainian banking system. Because of this, topical issues are the financial stability of the domestic banking sector in conditions of internal and external instability. It is impossible to solve this issue without studying the essence of the mechanisms of development of enterprises of the banking sector.

Last modified: 2019-10-29 20:05:15