Mykhalchynets H. Structural transformations of the financial market of Ukraine and modeling of its development

The dissertation is devoted to the development of a complex of models for the visibility, assessment, and forecasting of the effectiveness of the financial market through its effectiveness in a broad sense and the formation of effective measures of public policy, aimed at its enhancement and the prevention of its destabilization processes. The dissertation used the method of multidimensional analysis. It allowed deepening the terminology apparatus of research of essence of efficiency of financial market through the allocation of its basis, based on properties of adaptability or ability of the financial market to adaptation to positive or negative changes of its environment in time. Taking into account the obtained results, the essence of efficiency of the financial market in a broad sense is interpreted as its adaptability, reflecting changes and forecasts on the cost characteristics of assets of the market and their profitability. For an in-depth study of the efficiency of the financial market, its essence is interpreted as a recursive reflection of the features of market adaptability by the cost characteristics of its assets and their profitability, provided that they are dependent on known information, concerning the driving forces of their formation. Under such conditions, the presentation of the content of financial market efficiency requires mathematical interpretation in models. The paper focuses on the fact that the structuring procedures of the financial market and its factor environment expand the potential of economic and mathematical tools for modeling its effectiveness based on an integrated approach. This is due to the focus of the procedures on acquiring the ability to provide a step-by-step implementation of actions to build stochastic and dynamic models. The implementation of such procedures will allow for disclosure and evaluate all aspects of the formation and redistribution of free financial resources by sectors of the financial market of Ukraine.