Paimanova V. The Institutional Design of the Capital Market in the Conditions of Market Transformation of the Economy

Object of research: the institutional set of the capital market of transformational economy. A research objective:disclosure of institutional set of the capital market in transitive economic system and ways of its improvement from the point of theory of institutional design. Research methods: the unity of analysis and synthesis, comparison, induction and deduction, the unity of the historical and logical, transition from the abstract to the concrete, system analysis. Results, novelty: the relation between institutional design and institutional architectonics has been grounded. The essence of institutional design of economic systems as a process of task-oriented formations of institutional economic structures in order to create effective institutional environments has been exposed. The influence of psychological factors on the economic behavior of capital markets participants by their division into positive and negative factors has been systematized. The degree of influence of financial globalization on the quality of capital markets in the transitive economy has been specified. The influence of credit expansion on the condition of trust in economic systems has been disclosed. The role of specific factors that spread the opportunistic behaviors on capital markets in transitive economies has been exposed. Use sphere: research, teaching work, the practical activity of bodies of state regulation of economy.