Financial european integration policy of Ukraine
Journal: The Journal of International Economic Policy (Vol.2, No. 19)Publication Date: 2013-12-01
Authors : Kateryna Kovtonyuk;
Page : 119-139
Keywords : Financial space; economic law; pattern; internationalisation; integration; globalisation; financial space levels; integration association; convergence; economic interest.;
Abstract
The article reviews the theoretical foundations of legitimate nature of formation of the global financial space and its regional subsystems, which primarily influenced by the objective economic laws. It was proven that systemic interaction of these laws creates the foundation for the global financial space based on a comprehensive process of internationalisation of economic life in the form of integration and globalisation. Increased influence of these laws helps define integration as a leading pattern of the global financial space. The multilevel system of the regional financial space contributes to its harmonisation and facilitation of accession of new players. It was ascertained that the European Union is one of the most successful integration associations. The necessity of Ukraine’s integration into the European financial sector was reasoned. The article contains the comparative analysis of statistics and financial and economic convergence indicators showing the prerequisites for expanding of the integration kernel (the Eurozone) as well as of the most effective integration mechanism.
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