Financial regulation of economy of Ukraine in a state of deep recession
Abstract
The emergence of economic recession is considered as a consequence of irregularities the economic system ability to self-organize, to enhance the dissipativity of economic processes. Within synergetic approach the sustainability of economic development is presented as a result of balance of dissipative and entropy processes that can be implemented with some lag relatively to the actual pace of economic performance. On the basis of the study of patterns of quantitative changes in macro-financial indicators in the economy of Ukraine its specific properties have been determined. Amon them we can distinguish the following ones: high volatility of financial flows; great multiplication of the capital in the financial sector; reduction of diversification of economy; structural inconsistencies. These properties caused the rapid and deep dissipation of financial flows. It has become a prerequisite of deep financial crisis. These patterns are associated with high level of uncertainty in the economy and financial processes. This article describes the application areas of financial instruments on stage of recession of economy of Ukraine. They have been developed with with a glance of the level of uncertainty. Among the initial characteristics of financial instruments that are proposed to use to overcome the effects of the recession, it is proposed to consider their own entropy. The general direction of application of the financial mechanism to exit the recession, according to the author, is in the context of "Beijing Consensus", which has to accelerate the processes of dissipation and thus reduce the depth of the crisis.
Keywords
References
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Science Works Journal "Ekonomichnyy analiz"
ISSN 1993-0259 (Print) ISSN 2219-4649 (Online) DOI: 10.35774/econa
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