Bublyk Y. Financial openness and its regulation in Ukraine

The object of research is the system of economic relations for the formation of financial openness and its relationship with the development of the national economy. The aim of the research is to deepen the theoretical and methodological foundations of the analysis of financial openness in the context of economic growth and the development of scientific and methodological approaches and practical recommendations for its state regulation in Ukraine. The methodology of the research based of institutionalism and financial theory through methods of abstraction, induction-deduction, analysis and synthesis, dialectics for the justifying and predicting the variability of the state and real effects of financial openness; comparative institutional analysis to determine the institutional capacity of state regulation; mathematical modeling to formalize the sphere of influence of capital flows on the development of the economy and the financial sector, the determination of macroprudential indicators of the financial openness interconnections. The theoretical results of the study are a justification of the theoretical and methodological foundations of the analysis of financial openness. The practical results are recommendations and proposals for public authorities on the formation of policies to regulate financial openness in Ukraine. Scientific innovation consists of the for the first time substantiated theoretical and methodological bases of research of financial openness as system of institutional relations; methodological approach to assessment the relative institutional capacity of the state to regulate financial openness; formalized system of macroprudential indicators for assessing the potential impact of cross-border capital flows on the development of the national economy. Has been improved the methodical approach to the assessment of the actual level of financial openness; analysis of the impact of financial openness on the development of the national economy and its financial sector; formalization of the relationship between the dynamics of national investment and savings in Ukraine. There was further developed conceptualization of the principles of regulating financial openness; determining the pro-cyclical nature of cross-border movement of private capital; patterns of formation of risks of financial openness; substantiation of directions of strengthening of productive effects of financial openness. Scope (branch) of use: financial sector and monetary policy, educational process.