Does the growth of state bank capital stimulate the development of the financial sector and the economy? A look through the prism of the global financial crisis of 2008-2009

The authors of a given article analyze the impact of increasing the share of state bank capital on such indicators of economic development and the financial system of the country as: the quality and depth of financial interme-diation, the level of confidence in the banking sector, the level of transaction costs, the policy of banks on lending to the private sector of the economy, the level of political engagement of the banking sector, quality of loan portfolios of commercial bankst rate of economic growth of the country and indicators of economic development. Calculations based on the example of Ukraine give grounds to assert that the existing model of functioning of state-owned banks has a negative impact on the development of the banking system and the economy as a whole.