DESHADOWING THE FINANCIAL AND ECONOMIC SECTOR AS A PREREQUISITE FOR THE IMPLEMENTATION OF LIBERALIZATION PROCESSES IN UKRAINE
Boronos Volodymyr, Sumy State University (2 Rymskogo-Korsakova Str., Sumy, Ukraine).
Humenna Yuliia, Sumy State University (2 Rymskogo-Korsakova Str., Sumy, Ukraine).
Tiutiunyk Inna, Sumy State University (2 Rymskogo-Korsakova Str., Sumy, Ukraine).
The article examines the key advantages and disadvantages of the implementation of financial capital flow liberalization for various institutions and economic entities. The prospects and threats from economic liberalization for countries with economies in transition and for developing countries have been considered. the choice of slow rates of liberalization processes implementation in the long term has been justified on the basis of the market-oriented instruments of control over the capital flow. It has been proved that the effectiveness of the policy implementation for removing restrictions on the movement of currency flows depends significantly on the factors of macroeconomic instability, in particular on the volume of the shadow economy sector.
economic liberalization; administrative instruments; market-oriented instruments; shadowing of economy; direct foreign investment.