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FINANCIAL REGULATORY MECHANISM OF THE ECONOMY

Journal: University Economic Bulletin. Collection of scientific articles of scientists and post-graduate students (Vol.1, No. 28)

Publication Date:

Authors : ;

Page : 158-165

Keywords : state regulation of the economy; financial mechanism; fiscal mechanism; economic policy;

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Abstract

The research subject contains number of questions in the area of formation and implementation of financial regulatory mechanism of the economy. The article purpose is to disclose the essence of financial regulatory mechanism of the economy and to define directions to increase its efficiency. The research methodology. In the investigation author used the set of scientific methods, such as structural, systematic, comparable and factor analysis method. Results. The article focuses on set of questions which refer to define the essence and role of financial regulatory mechanism of the economy. Author determined instruments of financial policy which used in order to achieve sustainable economic growth. Assessment of influence of regulatory financial mechanism on economy is conducted. The main forms of state regulation of the economy in modern conditions are examined. We defined vital components of financial policy and methods of their implementation in the conditions of economic transformations. This article also evaluates statements of impact of financial policy instruments on economic growth and social development including institutional features of nation financial system. Scope of results. Financial policy and instruments of policy implementation. Conclusion. State institutions which are responsible for process of formation and implementation of financial policy should consider features and structure of domestic economy, depth of globalization transformations. Main directions of financial management on macroeconomic level conclude concentration, distribution and redistribution of economic resources, orientation economy to innovative model of development and to achieve the balance of economic growth and social assistance, to raise the level welfare. In order to enhance the financial policy government should create conditions for improvement the institutional framework of the financial mechanism of economic growth. Author defined main directions of such improvement, they are: to increase the quality of human capital, to rise the fractions of high-tech economy in its general structure, to enhance financial stability, further implementations instruments of public-private partnership.

Last modified: 2016-07-21 08:59:30