Uman NUH | today: 12/21/2024
| Author(s) | Савчук І. І., , , | ||
|---|---|---|---|
| Category | Economics | ||
| year | 2024 | issue | Issue 105 part 2 |
| pages | 204-211 | index UDK | 336.7 | DOI | 10.32782/2415-8240-2024-105-2-204-211 (Link) |
| Abstract | The financial market is one of the main tools for the development of the economy, business, and the welfare of the population. However, it is important to find out what are the functional foundations of its implementation. After all, the priority areas of development and the efficiency of the functioning of the financial market in its various transformations depend on them. It is the identification of certain functions of the financial market, from the standpoint of its multifunctionality, that will allow not only to navigate in a certain situation, such as the state of war in Ukraine and the crisis in the financial and economic system of the state, but also to outline the prospects for future development. Summarizing the opinions of foreign and domestic scientists who were engaged in the study of the financial market, in particular its functions, made it possible to identify the most relevant of them for the modern Ukrainian financial market. It is worth noting that the scientific community clearly tends to divide the functions of the financial market into general market and special functions. Moreover, if the former refer to certain attributes of the financial market, the latter are related to the sphere in which it is implemented. Attention is also focused on the functions of the financial market, identified by domestic scientists, which highlight in detail the relevance of its direction in modern Ukrainian realities. The necessity of division of functions by spheres of activity was separately emphasized. Based on the functional direction of the financial market, a step has been taken to identify priority areas of activity that require increased attention during the post-war reconstruction of Ukraine. And they foresee not only the sustainable development of the financial market, but, above all, its active interaction with the population in the direction of the growth of its well-being. As a result of the analysis, the need for socialization of the financial market through the prism of the moral and psychological sphere of interaction with the aim of forming the public's understanding and perception of the financial market as an integral part of state activity and social life is emphasized. | ||
| Key words | financial market, functions of financional market, wide-market functions, special functions | ||