Stukalo N. Global imperatives of national financial systems development

The dissertation paper is focused on theoretical substantiation and practical recommendations development as for national financial systems development in globalization consequences. The theoretical approaches to internationalization and globalization estimation are analyzed. It is shown that the same indexes are used to estimate these two processes. The main factors of financial globalization development are divided into seven groups: regulative, quality changes in finance, humanization, political, psychological, technological, and the others. The theoretical approaches to financial globalization development are analyzed. Paradoxes of global financial market are investigated. The positive and negative effects of globalization influence on national financial systems are shown. The theory of economic and financial globalization cyclic character is substantiated. The methodology of national financial systems comparative analysis is developed. Financial globalization index is developed. It integrates the following components: volume of export and import of financial services, volume of currency deposits in domestic banks, volume of currency credits to the country, volume of the gross internal debt, volume of direct, portfolio, and other investments, volume of foreign banks capital. The Ukrainian financial system is analyzed according to the developed methodology of national financial systems comparative analysis. The general analysis of government regulation problems and tendencies as well as banking internationalization is made. The modern problems of Ukrainian financial markets development are shown.