FEATURES OF THE FUNCTIONING OF THE CREDIT SYSTEM AND ITS CURRENT DEVELOPMENT IN UKRAINE

Author:

Gonta Olena, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Maksym Dubyna, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Parhomenko Irina, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Language: ukrainian

Annotation:

The article considers the theoretical aspects of the functioning of the credit system within the national economy. In particular, two scientific approaches to the study of the outlined system have been identified, and its main institutions, which have been divided into two groups: banks (Central Bank and commercial banks) and non-bank financial institutions (credit unions, pawn shops, financial institutions, leasing companies) have been given. Also, the historical principles of the formation of credit systems have been analyzed, the main periods of the mentioned process have been determined, and the features of their occurrence have been described. The current state of the Ukrainian credit system has been analyzed, the trends of the functioning of its basic credit institutions have been described, and the main features of the development of such a system have been identified.

Key words:

credit; credit system; bank; credit union; financial company; pawn shop; leasing company

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