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Journal: Scientific Bulletin of Mukachevo State University. Series “Economics” (Vol.3, No. 1)

Publication Date:

Authors : ;

Page : 277-282

Keywords : financial relations; financial relations institutional structure; stability of financial relationships; GDP.;

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Ensuring economic development is impossible without optimizing financial relations as the main element of organizational and economic relations in the economic system. The study aims at justification criteria (evaluation parameters) of assessment of the financial relations stability and, through them, determine the dynamics of financial relations in Ukraine. Methods of economic and mathematical analysis, synthesis in processing of statistical data; induction and deduction in determining cause-effect relationships have been used in the study. The focus is on stabilizing the financial relations connected with the creation and use of financial resources businesses, households and the state. It has been proved that financial relations is the part of the economic relationship that defines relations between economic agents, employees and the state for the purpose of distribution and redistribution of gross social product. State, economic businesspersons and employees are subject to financial relations and create the necessary financial (cash) funds providing expanded reproduction process, meet social and other needs, material incentives of employees. The subject of economic relations taking part in the distribution of gross product can be considered as structure-forming sign of classification of financial relations. Characteristics of determination of the optimal proportions in the field of development and distribution of final incomes have been suggested. Based on the analysis the basic problems of the institutional structure of financial relations in Ukraine have been determined. An assessment of factors of influence on the stages of actual GDP formation (as the basis of financial relations), the formation of primary incomes and formation of gross disposable income of institutional sectors relative to GDP provide scientific novelty of the study. Evaluation of the current state of stability of financial relationships does not allow determining their condition as stable. Signs of instability, and in some cases criticality, need to identify potential options for stabilizing the financial relations. Further studies will be used to identify potential macro shocks that lead to the destabilization of financial relations in Ukraine.

Last modified: 2016-07-06 20:56:52