Butenko O. The Organization of Management and Regulation of Finance and Credit Systems in Transient Economies.

The thesis presents the integrated study of the formation and development of finance and credit systems from the planned economy to the market economy during the transient period. Conceptual models and functional peculiarities of the organization of finance and credit systems in the contemporary economic conditions are defined. The thesis analyses the existing points of view of the scientists on the nature of finance and credit relations and their role in the economic development of the society. The analysis of the strategy role in the development of the banking area as the basis of the finance and credit system is made. The special emphasis is laid on the role of the diversification in the process of the banking institutions functioning. The investigation of the stages and the basic directions of finance and credit systems reform in Ukraine is in the focus of attention. The role of the National Bank of Ukraine as the special central headquarters of the governmental management and the regulation of finance and credit institutions is investigated in the thesis. The experience of finance and credit systems reforming of certain countries with transient economies is generalized. An attempt to delineate the ways of development of finance and credit systems of the countries with transient economies is made. The history of the development of banking systems in countries with transient economy is compared. The analysis of the current indices of the development of finance and credit systems in the given countries is carried out. As a result, the forecast of the considerable reduction of the number of banks in Ukraine in the process of finance and credit system development is made. The prospective growth of the foreign banking capital in the Ukrainian economy is predicted. The dissertation gives validity to the argument about finance and credit system development expediency in Ukraine which is based on the general tendencies and world-wide experience taking into consideration local peculiarities. The suggested approach gives Ukrainian commercial banks the possibility to integrate into the world financial market. The thesis generalizes the experience of the direct and indirect mechanisms influence on the finance and credit system development. The features of the finance and credit system regulation formation and development in the transient economies are formulated. The priorities and the most effective ways and trends of reformation are defined on the basis on the study and analyses of finance and credit systems. The role of central banks of the countries under consideration in management and control of finance and credit institutions is analyzed. Definite ways of improvement organization of management and regulation of finance and credit systems are developed.