CHURCH AND RELIGIOUS FACTOR IN THE DEVELOPMENT OF FINANCIAL AND CREDIT SECTOR IN TERMS OF INSTITUTIONAL CHANGES ERA OF FREE ENTERPRISE

The change of priority of the institutional principles of church as well as change of the perception of some economic phe-nomena are discussed. The findings of this study reveal that influence of church on the development of financial-credit relations took place on spiritual and material levels. This study presents evidence to the hypothesis that development of the financial organizations under the church supervision is strictly connected with the development of entrepreneurship in Ukraine.