The System Determinants of the Current Development of the Credit Market in Ukraine
The functioning of the credit market always takes place in difficult conditions of macroeconomic development. Today, this market is an integral part of the financial system of any country, and therefore of the respective national economy. The credit market and economic growth are closely interconnec...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Research Centre of Industrial Problems of Development of NAS of Ukraine
2023-09-01
|
| Series: | Bìznes Inform |
| Subjects: | |
| Online Access: | https://www.business-inform.net/export_pdf/business-inform-2023-9_0-pages-206_212.pdf |
| _version_ | 1797373910645211136 |
|---|---|
| author | Sadchykova Iryna V. Yevtushenko Yurii V. Suslenko Stanislav V. |
| author_facet | Sadchykova Iryna V. Yevtushenko Yurii V. Suslenko Stanislav V. |
| author_sort | Sadchykova Iryna V. |
| collection | DOAJ |
| description | The functioning of the credit market always takes place in difficult conditions of macroeconomic development. Today, this market is an integral part of the financial system of any country, and therefore of the respective national economy. The credit market and economic growth are closely interconnected, and this causes an increased interest of scientists in analyzing the features of the functioning of such a market, the basic problems of ensuring its stable development and the search for systemic determinants of the intensification of credit relations in the country. Ukraine is in a difficult economic situation because of the ongoing military aggression of the part of russian federation. This, accordingly, has a destructive effect on the functioning of the entire financial system of the country. Of course, both banking and non-banking financial institutions, whose activities today are associated with the existence of a number of unpredictable risks, have suffered a significant negative impact. The outlined situation has led to transformational processes in the credit market, contributed to the formation of new trends in its current functioning. Understanding these processes is important from the point of view of understanding the state of functioning of credit institutions in Ukraine and their ability to positively influence the economic situation of the country. Precisely these issues achieve consideration in the article. Within the framework of the study, in order to specify the prerequisites for the formation of the basic characteristic features of the functioning of the credit market, the main historical stages of development of such a market and credit relations in general, both in Ukraine and in other more developed countries are considered. The main determinants of the development of the credit market of Ukraine are also highlighted on the basis of an analysis of modern trends in the formation of credit relations between different subjects of such a market. The article analyzes the current trends in the development of certain types of lending, identifies the basic problems in their development, which arose through the military aggression of the russian federation. As a result, the systemic relevant determinants of the state of the credit market of Ukraine are specified and the directions of its further development under conditions of stochastic functioning of the country’s financial system are described. |
| first_indexed | 2024-03-08T18:56:15Z |
| format | Article |
| id | doaj.art-d09af6c4761d4efdad7a7f08f79011ae |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2311-116X |
| language | English |
| last_indexed | 2024-03-08T18:56:15Z |
| publishDate | 2023-09-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-d09af6c4761d4efdad7a7f08f79011ae2023-12-28T12:26:44ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2023-09-01954820621210.32983/2222-4459-2023-9-206-212The System Determinants of the Current Development of the Credit Market in UkraineSadchykova Iryna V.0https://orcid.org/0000-0001-5144-1306Yevtushenko Yurii V.1https://orcid.org/0000-0002-1029-0625Suslenko Stanislav V.2National University «Chernihiv Polytechnic»National University «Chernihiv Polytechnic»National University «Chernihiv Polytechnic»The functioning of the credit market always takes place in difficult conditions of macroeconomic development. Today, this market is an integral part of the financial system of any country, and therefore of the respective national economy. The credit market and economic growth are closely interconnected, and this causes an increased interest of scientists in analyzing the features of the functioning of such a market, the basic problems of ensuring its stable development and the search for systemic determinants of the intensification of credit relations in the country. Ukraine is in a difficult economic situation because of the ongoing military aggression of the part of russian federation. This, accordingly, has a destructive effect on the functioning of the entire financial system of the country. Of course, both banking and non-banking financial institutions, whose activities today are associated with the existence of a number of unpredictable risks, have suffered a significant negative impact. The outlined situation has led to transformational processes in the credit market, contributed to the formation of new trends in its current functioning. Understanding these processes is important from the point of view of understanding the state of functioning of credit institutions in Ukraine and their ability to positively influence the economic situation of the country. Precisely these issues achieve consideration in the article. Within the framework of the study, in order to specify the prerequisites for the formation of the basic characteristic features of the functioning of the credit market, the main historical stages of development of such a market and credit relations in general, both in Ukraine and in other more developed countries are considered. The main determinants of the development of the credit market of Ukraine are also highlighted on the basis of an analysis of modern trends in the formation of credit relations between different subjects of such a market. The article analyzes the current trends in the development of certain types of lending, identifies the basic problems in their development, which arose through the military aggression of the russian federation. As a result, the systemic relevant determinants of the state of the credit market of Ukraine are specified and the directions of its further development under conditions of stochastic functioning of the country’s financial system are described.https://www.business-inform.net/export_pdf/business-inform-2023-9_0-pages-206_212.pdffinancial relationscredit systemcredit marketcredit programslendingbanking institutionscredit riskfinancial and credit services. |
| spellingShingle | Sadchykova Iryna V. Yevtushenko Yurii V. Suslenko Stanislav V. The System Determinants of the Current Development of the Credit Market in Ukraine Bìznes Inform financial relations credit system credit market credit programs lending banking institutions credit risk financial and credit services. |
| title | The System Determinants of the Current Development of the Credit Market in Ukraine |
| title_full | The System Determinants of the Current Development of the Credit Market in Ukraine |
| title_fullStr | The System Determinants of the Current Development of the Credit Market in Ukraine |
| title_full_unstemmed | The System Determinants of the Current Development of the Credit Market in Ukraine |
| title_short | The System Determinants of the Current Development of the Credit Market in Ukraine |
| title_sort | system determinants of the current development of the credit market in ukraine |
| topic | financial relations credit system credit market credit programs lending banking institutions credit risk financial and credit services. |
| url | https://www.business-inform.net/export_pdf/business-inform-2023-9_0-pages-206_212.pdf |
| work_keys_str_mv | AT sadchykovairynav thesystemdeterminantsofthecurrentdevelopmentofthecreditmarketinukraine AT yevtushenkoyuriiv thesystemdeterminantsofthecurrentdevelopmentofthecreditmarketinukraine AT suslenkostanislavv thesystemdeterminantsofthecurrentdevelopmentofthecreditmarketinukraine AT sadchykovairynav systemdeterminantsofthecurrentdevelopmentofthecreditmarketinukraine AT yevtushenkoyuriiv systemdeterminantsofthecurrentdevelopmentofthecreditmarketinukraine AT suslenkostanislavv systemdeterminantsofthecurrentdevelopmentofthecreditmarketinukraine |