Rozit T. The contradictions of national and supranational economic institutionc in the context of globalization

Object of research: social economic relations in the global financial space as a system of interaction between national and supranational economic institutions. A research objective: study and systematization of the modern trends of development of national and supranational economic institutions, revealing the contradictions of their functioning in the contemporary phase of globalization.. Researching methods: dialectical method, the methods of systematic, logical, functional, historical and economic analysis, new institutional approach, the method of statistical analysis. Results, novelty: The results of the novelty: there is the trend towards strengthening the role of supranational external resources and constraints in implementation of the sovereign functions of the central bank as lender of last resort in intensive redistribution of powers and responsibilities between the national state and supranational institutions, which is accompanied by conflicts and gaps in the regulation of domestic financial markets, resulting in the crisis nature of the modern phase of globalization. It is improved the theoretical understanding of the conflict between state institutions and supranational institutions; systematization of modern factors of transaction costs increasing in connection with the intensification of the global market asymmetry. It is further developed the theoretical understanding of the contradictions of interaction between national and supranational economic institutions, the limited effectiveness of monetary regimes based on a uniform solid rule, treatment of the contradictions of contemporary global financial system by incorporating additional transaction costs that arise due to the influence of supranational institutions. Usage: The description of limited effectiveness of monetary regimes based on a uniform solid rule can be used in the process activities on European integration of Ukraine, because it is demonstrated that direct extrapolation of the European monetary tradition in Ukrainian realities of the institutional environment may not yield positive results.