Financial and Credit Systems of Ukraine and the Usa: Structure, Features of Functioning and Regulation, Development Prospects

In the context of increasing globalization and Ukraine’s integration into the global economic space, studying the financial and credit systems of leading world economies, particularly the United States, is of utmost importance. This analysis allows for the identification of key development trends, best practices, and potential risks that may impact Ukraine’s financial system. Understanding the functioning of developed countries’ financial and credit systems, such as that of the U.S., is essential for creating a favorable investment climate in Ukraine. Therefore, the study of the financial and credit systems of Ukraine and the U.S. is highly relevant and holds significant practical value for the development of the national financial sector and economy as a whole. The object of the study is the comprehensive analysis of the financial and credit systems of Ukraine and the U.S. to identify their characteristics, compare them, and determine development prospects. The subject of the study is the analysis of relationships between financial institutions, the state, enterprises, and the population, as well as the processes and mechanisms that shape the structure, functioning, and development of the financial and credit systems of Ukraine and the U.S.
The purpose of the study is to gain a comprehensive understanding of the financial and credit systems of Ukraine and the U.S., identify their similarities and differences, and develop practical recommendations for improving Ukraine’s financial and credit system based on U.S. experience.
Key research tasks: 1) сonduct a comparative analysis of the structure, functioning, and regulation of the financial and credit systems of Ukraine and the U.S. ; 2) study the historical development stages of financial and credit systems in both countries; 3) Identify common and distinctive features in the development of financial systems in Ukraine and the U.S.; 4) develop recommendations for improving Ukraine’s financial and credit system considering U.S. experience; 5) determine the development prospects of financial and credit systems in the context of Ukraine’s integration into the global financial space.
To achieve the research goals and tasks, the study employs comparative analysis, historical analysis, generalization, statistical analysis, document analysis, and financial analysis methods.
Improvement of Ukraine’s financial and credit sector can be achieved by enhancing the autonomy of the National Bank of Ukraine, refining monetary strategies, stimulating the stock market, increasing cybersecurity levels, and improving the regulatory framework. The U.S. experience demonstrates that effective risk management, financial service digitalization, and the adoption of FinTech innovations contribute to market stability. The future of financial systems in Ukraine and the U.S. will be shaped by globalization, innovative technologies, and political influences. Integration into global financial markets, the use of artificial intelligence, and the advancement of digital assets will play a crucial role in transforming the sector.