Lomachynska I. Institutional transformation of the financial system of Ukraine

This research deals with a formation of the conceptual basis and scientific substantiation of the theoretical and methodological base, methodological guidelines and recommendations related to the institutional transformation of the financial system of Ukraine. The research is aimed at solving current problems concerning assurance of stability, safety and effectiveness of the national financial system by use of the concepts of its institutional transformation. A concept of the financial system institutional transformation is based upon the institutional development paradigm and suggests a large-scale, qualitative and fundamental change in its institutional structure, which alters the stereotypes and models of the financial behavior, includes the qualitative change of the financial system structure, the financial activity practices and its targets; changes the incentives, stimuli and factors influence decision-making in the financial sphere, the institutions and the mechanisms of their accomplishment. The concept of the financial architecture construction, as the organizational and institutional structure of the financial system, and the internal structure of its institutional hierarchy have been established. The conceptual basis and methodological factors defining the research of the financial system institutional transformation have been formulated. Substantiated as well are the concepts of financialization and financial economy as the current paradigm of the economic and financial development.