Broad and narrow approaches of the financial system are obtained. The difference between the financial system and the financial sector (the fi-nancial corporations sector) is shown. Organizational and institutional matrix of the financial system of the economy is proposed. Key positions of institutional sectors classification of Ukraine’s economy are analyzed, as well as the System of National Accounts with respect to the financial sec-tor of corporations. The structure of the sector of financial corporations in Ukraine is defined.
Keywords: financial system; financial sector; financial corporations sector; institutional units; financial intermediaries.
DOI: http://dx.doi.org/10.17721/1728-2667.2015/171-6/7
References
1. Kovalenko, Yu.M. (2011), “The financial system and the financial sector”, Finansy Ukrainy, № 4, pp. 75–87, Ukraine.
2. L’ovochkin, S. Oparin, V. and Fedosov, V. (2008), “Financial infrastructure of market economy: conceptual ap-proaches Ekonomika Ukrainy”, vol. 11, pp. 57–71, Ukraine.
3. Gorlov, I.Ja. (1841), Teorija finansov [Finance theory], Universitetskaja tipografija, Kazan’, Russia.
4. Aleksandrov, A.M. (1952), Finansy SSSR [Finances of the USSR], Gosfinizdat, Moscow, USSR.
5. Zlobin, I.D. and other (1967), Finansy SSSR [Finances of the USSR], Finansy, Moscow, USSR.
6. Shermenev, M.K. and other (1977), Finansy SSSR [Finances], Finansy, Moscow, USSR.
7. Kovalenko, Yu.M. (2013), Instytutsializatsiia finansovoho sektoru ekonomiky [Institutionalization of the financial sec-tor], NUDPSU, Irpin’, Ukraine.
8. Habbard, R.H. (2004), Hroshi, finansova systema ta ekonomika [Money, the financial system and the economy], KNEU, Kyiv, Ukraine.
9. Darbinjan, A.R. and Sandojan, Je.M. (2010), “Institutes of financial intermediation in the modern economy”, Bjulleten’ Mіzhnarodnogo Nobelі vs’kogo ekonomіchnogo forumu, № 1 (3), vol. 1, Ukraine.
10. Gurley, J.G. and Shaw, E.S. (1960), Money in a Theory of Finance, Brooking Institution, Washington D.C., USA.
11. Naumenkova, S.V. and Mischenko, S.V. (2009), Rozvytok finansovoho sektoru Ukrainy v umovakh formuvannia no-voi finansovoi arkhitektury [The development of the financial sector of Ukraine in the formation of a new financial architec-ture], Universytet bankivs’koi spravy, Tsentr naukovykh doslidzhen’ Natsional’noho banku Ukrainy, Kyiv, Ukraine.
12. Zymovets’, V.V. (2010), Derzhavna finansova polityka ekonomichnoho rozvytku [State financial policies of economic development], NAS of Ukraine, Institute of Economics and Forecasting, Kyiv, Ukraine.
13. Ministry of Finance of Ukraine, “Strategy of development of financial sector of Ukraine for the period up to 2015”, available at: www.ufin.com.ua/koncepcia/002.doc (Accessed 6 May 2015).
14. Shkol’nyk, I.O. and Semenoh, A.Yu. (2013), “The financial sector of Ukraine: theoretical analysis of the economic definition”, Visnyk Ukrains’koi akademii bankivs’koi spravy, № 1 (34), pp. 31–36, Ukraine.
15. United Nations Statistics Division (2008), “System of National Accounts”, available at: http://unstats.un.org/ unsd/nationalaccount/sna2008.asp (Accessed 6 May 2015).
16. State statistics service of Ukraine (2014), “Order of the State statistics service of Ukraine “On approval of the Classi-fication of institutional sectors of economy of Ukraine”, available at: http://ukrstat.org/uk/norm_doc/2014/378/378_2014.htm (Accessed 6 May 2015).
17. VanHorne, J.C. and Wachowicz, J.M. (2009), Fundamentals of Financial Management, 13th ed, FT Prentice Hall, Harlow, UK.