Objective. The objective of the study is to assess the effectiveness of the financial resources management of the territorial community of the Kryvyi Rih city in the context of decentralization and to identify the alternative sources of funding for the city development based on the effectiveness of the formation, the use of its budget and tax capacity. Methods. In preparing the article, general and special methods of scientific research of economic processes are used, in particular, a systematic approach, comparison, grouping, detailing, generalization, methods of statistical analysis, and others. Results. The possibilities of the formation of an effective budget of the territorial community on the example of the Kryvyi Rih city are investigated. It is determined that the revenues are given a central place in ensuring the financial independence of the territorial community, and the local taxes and fees are the main source of increasing the local budget. The analysis of the state of execution of budget revenues of the city of Kryvyi Rih for 2018–2020 is carried out. It is noted that despite the numerous crisis phenomena, including the COVID-19 pandemic, the city ensured the implementation of the budget by 87.7 % for the period of the 2020 year. It is emphasized that it is impossible to speak about the effectiveness of the formation of the revenue side of the city budget without an analysis of the expenditures, especially in terms of comparing social expenditures and expenditures aimed at ensuring the strategic economic development programs. The analysis of the state of the execution of the budget expenditures in Kryvyi Rih for 2018–2020 allowed the authors to make a conclusion about the social direction of the expenditure policy, which is characterized by a constant increase in the need for the financial resources for the social expenditures and requires the constant growth of the local budget revenues. However, in the context of the general economic instability and the long-term development of the COVID-19 pandemic, it is difficult for the city to compensate for losses and to ensure the effective development. The authors offered a set of the strategically important measures that will help increase revenues to the city’s budget. Among these measures: strengthening the fruitfulness of cooperation with stakeholders in terms of job creation; development of economic platforms to promote the convergence of the interests of participants in the resource system, formed on the model of the interaction between the government and business and the formation of the economic basis of the community development and the joint social responsibility of the government and business for the future of the community; creating a favorable business and investment environment for business development and taxation system culture.

Objective. The objective of the article is to study the possibilities of using art banking as a tool of crisis management in an emergent economy through the prism of foreign experience. Methods. In preparing the article, general and special methods of scientific research of economic processes are used, in particular, a systematic approach, comparison, grouping, detailing, generalization, methods of statistical analysis, etc. Results. The possibilities of art-banking as a tool of anti-crisis management under conditions of growing emergent of economy and various kinds of shocks art investigated. It is determined that art-assets demonstrate exceptional price stability in the time of unstable political events, periods of wars and extreme situations, which increases their interest as an alternative form of investment. The analysis of world sales of art and antiques, including online since 2009 is made. It is noted that despite the numerous crisis phenomena, including the COVID-19 pandemic as well, the art market does not lose its value. As a result, the demand for art investing stimulates the development of art banking. An overview of the complex of art banking services, which may be in the arsenal of banking institutions is made. The analysis of the main trends in the global art market, consideration of a range of art banking services and options for art investment allows the authors to outline the prospects of the model of investing in art assets in Ukraine. It is emphasized that the clients of Ukrainian banking institutions have financial opportunities to make art investments. However, under conditions of total economic instability and long-term development of the COVID-19 pandemic, it is difficult for the domestic banking institutions to develop a range of art banking services and offer the art investment options. The authors suggest paying attention to the possibility of using the latest innovative technologies in terms of digitization of art objects and the introduction of block-chain technologies. Dividing artwork into art promotions or cryptographic tokens that canbe purchased by multiple buyers will democratize the art market and revise the traditional patterns of purchasing and selling artworks. There has been emphasized the obvious advantage of the following measures: low-income individuals and small investors, who have hitherto found it difficult to make the significant purchases in the art sphere, obtain the opportunity to own the parts of the expensive art objects and thus diversify their investment portfolios, and the banking institutions are given the opportunity to serve them as a gateway, while gaining new opportunities in the development of the banking business. For searching the potential investors, banks are offered to use the Big Data technology, that with the help of the digital traces and the portraits of customers will be able to advertise art banking and come up with the proposals for art investment options which are actual to a bank’s client at the moment.

No abstract

кандидат економічних наук, доцент кафедри економіки та бізнесу Донецького університету економіки і торгівлі імені Михайла Туган-Барановського У статті розглянуто процеси функціонування та розвитку національної банківської системи на сучасному етапі. Визначено її системотворні характеристики, виявлено цілі функціонування та розвитку банківської системи. Визначено дефініцію сталого розвитку. На цій основі надано основні стратегії та завдання сталого розвитку банківської системи України. Обґрунтовано чинники впливу на функціонування банківської системи в контексті концепції сталого розвитку. Ключові слова: банківські ресурси, банківська система, Національний банк України, сталий розвиток, банк, національна валюта. Коверза В.С. МЕТОДОЛОГИЧЕСКИЕ АСПЕКТЫ ФУНКЦИОНИРОВАНИЯ И РАЗВИТИЯ БАНКОВСКОЙ СИСТЕМЫ УКРАИНЫ В СОВРЕМЕННЫХ ЭКОНОМИЧЕСКИХ УСЛОВИЯХ В статье рассмотрены процессы функционирования и развития национальной банковской системы на современном этапе. Определены ее системообразующие характеристики, обнародованы цели функционирования и развития банковской системы. Определена дефиниция устойчивого развития. На этой основе представлены основные стратегии и задачи устойчивого развития банковской системы Украины. Обоснованы факторы влияния на функционирование банковской системы в контексте концепции устойчивого развития. Ключевые слова: банковские ресурсы, банковская система, Национальный банк Украины, устойчивое развитие, банк, национальная валюта. Koverza V.S. METHODOLOGICAL ASPECTS OF FUNCTIONING AND DEVELOPMENT THE BANKING SYSTEM OF UKRAINE IN MODERN ECONOMIC CONDITIONS The article deals with the processes of functioning and development of the national banking system at the present stage. The system's characteristics have been determined, the goals of functioning and development of the banking system have been identified. Definition of sustainable development is defined. On this basis, the main strategies and tasks of the sustainable development of the banking system of Ukraine are provided. The factors influencing the functioning of the banking system in the context of the concept of sustainable development are substantiated.