RISK MANAGEMENT OF INVESTMENT ACTIVITY OF UKRAINIAN BANKS IN THE CONDITIONS OF INFORMATION ECONOMY DEVELOPMENTСучасна економічна система і суспільство відчувають значний вплив інформаційних технологій, які стрімко розвиваються, і динамічно використовуються в управлінні бізнес процесами на всіх рівнях ринкового середовища. Нові інформаційні та комунікаційні технології роблять кордони «прозорими», породжують абсолютно нові види банківських операцій і послуг, які не мали аналогів в минулому. Розподіл капіталу відбувається в світовому масштабі. Учасники міжнародних фінансових ринків використовують новітні інформаційні системи, бази даних і інтегровані комп'ютерні системи управління. Водночас зростає число ризиків діяльності банківських установ як провідника грошово-кредитної політики. Виникає новий феноменінформаційні ризики, який відображає загальні проблеми інформатизації суспільства і вимагає більш пильного розгляду. Дослідження сучасних наукових поглядів на визначення управління ризиками банківських інвестицій дає змогу окреслити сутність та виокремити його основні етапи, концепції, закони, принципи і методи управління ризиками, що в загальній сукупності визначає стратегію і тактику досягнення основних бізнес-цілей банку. Таким чином розкриття змісту управління ризиками банківських інвестиційних операцій як однієї з важливих складових системи ризик-менеджменту банку в умовах розвитку інформаційної економіки обумовлює актуальність наукових досліджень у даному напрямку.

Abstract. The article analyzes the historical periods of development of the taxation system in Soviet times and during the independence of Ukraine. The stages of transformation of the country’s taxation system and the deduction of the development of the national taxation system are outlined. It was found that during the years of independence there were five transformations of the tax system in 1991, 1995, 1999, 2011 and 2015, respectively. The preconditions of each of the specified stages of realization of transformation of system of the taxation are analyzed. Among the key preconditions for transformational changes in certain periods are: rapid deterioration of key macroeconomic indicators, implementation of laws and regulations on the establishment of the tax police and the transformation of the State Tax Administration into a central executive body as a controlling body for legal entities and individuals, changes in the composition and mechanisms of tax calculation, chaos and invalidity of the system of tax benefits, changes in the legalization of the wage fund and in the system of compulsory state social insurance. The functions of taxes as defining concepts of formation of the tax system of the country that were in each period defined above are investigated. The types and role of tax relief as a tool of state tax regulation and stimulation of socio-economic processes are considered. The assessment of the process of transformation of the tax system identified the existing criteria for reform, including diversity, complementarity and consistency, compromise and evolution, the depth of transformation and innovation of the tax system of Ukraine. It is proved that the tools of transformation of the implementation of the taxation system of Ukraine used in these processes did not always correspond to the peculiarities of the socio-economic situation of the country and the tax policy of the state goal and set of tasks of economic strategy. Existing shortcomings in the Ukrainian taxation system hinder economic growth and lead to high economic shadowing. Thus, the application of these tools in the process of transformation of the tax system has partially solved the existing problems, a significant number of identified tasks currently remain unresolved. Keywords: taxation system, taxes, tax deductions, the state budget, taxation. JEL Classification E62 Formulas: 0; fig.: 0; tabl.: 1; bibl.: 18.

The aim of the article is studying the process of implementation of promotional monetary policy by investigation of the functionality of the transmission mechanism channels. The paper singles out the peculiarities of the implementation of monetary policy in well-developed and developing countries. The subject of the study is: the structure of the monetary transmission mechanism; the functionalities of both traditional and non-traditional channels and their influence on promotional monetary policy are defined. An analysis of the existing structure of the transmission mechanism made it possible to determine the strength and speed of feedback between participants and the degree of influence on the real sector and to formulate appropriate proposals for its adjustment or activation. In addition, it is indicated that, under the present conditions, it is non-traditional channels that acquire special significance; also, the main factors that have shifted the priority vector in their direction are defined. Alongside this, the study presents modern modifications of promotional monetary policy and their significance for the modern economic world. Methodology. The classic methods of scientific research are used in the article, among which are the following: observation, abstraction, comparison, systematic approach, analysis, and synthesis. Results. The conducted study clearly demonstrates that, in the process of changing financial relations, the significance of the transmission mechanism channels in the process of implementing promotional monetary policy changed, too. At the same time, it is expedient to single out the reasons that lead to a change in the role of some channels of monetary transmission in relation to others. Current research and developments are not limited to the above structure of the transmission mechanism channels. Moreover, their list is constantly replenished, which is indicative of the existence of transformational processes affecting the financial sector. The approaches to the structure of the transmission mechanism and the functionality of its channels, determined in this article, make it possible to assess the effectiveness of implementing monetary policy. Practical implications. Clarified complex causes of destructive nature, which initially level out practically any actions with regard to the system approach, namely, the absence of the integrated combination of interests of all social and economic spheres: state-business-society. Also, the results of the study provide an opportunity to identify further trends in the changing transmission mechanism channels in the implementation process of monetary policy and use this knowledge by planning and forecasting for the functionality of transmission channels. Value/originality. This research was carried out within the framework of the scientific work

О. О. Казак, к. е. н., доцент кафедри фінансів та економіки, Київський університет імені Бориса Грінченка Т. В. Обелець, к. е. н., старший викладач кафедри теоретичної та прикладної економіки факультету менеджменту та маркетингу, Національний технічний університет України "Київський політехнічний інститут імені Ігоря Сікорського" НОВА ПРОМИСЛОВА ПОЛІТИКА В КРАЇНАХ ЦЕНТРАЛЬНОЇ ТА СХІДНОЇ ЄВРОПИ: ДОСВІД РОЗВИТКУ ТА ВИСНОВКИ ДЛЯ УКРАЇНИ In this article, the experience of the new going is analyzed near industrial politics of successful countries of region of Central and East Europe (CEE). Research method. The method of comparative analysis of new industrial politician is used for research of similar with Ukraine economies of Poland, Chech Republic and Hungary. By the method of ascent from part to general we defined such general and distinctive signs politician of countries of region of CEE. Main part. We are studied, analyzed and groupped an instruments of industrial politics in area of stimulation of Export, including for the enterprises of small and middle businesses (SME). These mechanisms were worked out and successfully mastered in the United States of America and were used on the stages of economic transformation of post-socialistic countries. We distinguished the features of vertical and horizontal instruments of industrial politics and then the most often applied events of Hard and Soft variants of industrial politics are structured in a CEE region. In this Region it was come forward basis of successful stimulation of height of industry such as presence of own currency (zloty, chech crowne and forint) and realization of independent currency-course politics, creation of industrial parks and special economic zones, and also application of mechanisms of reduction of prices and insurance of export by means of Export-credit Agencies. By the distinctive feature of Poland in realization of industrial politics there is reducing of greater part and successful restructuring of remaining volume of a Sovereign debt on new basis. This Debt was re-profiled on the advantageous terms for Poland both before international financial organizations (IMF, World bank etc.) and before large private creditors. Reduction of promissory burden pawned basis for creation of new workplaces and technological rearmament in industry, that resulted in the speed-up economy growing of Poland. The feature of new industrial politics of Hungary are state measures on support of enterprises with specialization on NT with the large stake of value-added -in particular electronics. It distinguishes Hungary from nearby Republic of Slovakia, where by a government a course was taken on stimulation of creation of cluster of automobile and motor industry. Also the feature of Hungary is the developed system of trade houses with the purpose of advancement of the Hungarian export abroad at the financial assistance of the state participating Export-import bank and Export-credit agency, working in close cooperation. We recommend within the framework of realizatio...

SIMULATION OF EFFICIENCY OF PRODUCTION ACTIVITY OF THE ENTERPRISE У статті запропоновано і реалізовано методичний підхід щодо моделювання ефективності виробничої діяльності підприємства. На основі використання багатофакторного кореляційно-регресійного аналізу побудовано мультиплікативні моделі виробничої функції Кобба-Дугласа для Товариства з додатковою відповідальністю «Русь», де результуючою ознакою взято чистий дохід від реалізації продукції, а факторними-залишкову вартість основних засобів як фактор капіталу, річний фонд оплати праці як трудовий фактор (за даними 2009-2018 рр.). На основі моделі виробничої функції побудовано цільову функцію і одержано розв'язки задач максимізації операційного прибутку для короткострокового і довгострокового періодів. За результатами оптимізації розроблено оптимальні плани розвитку: оперативний і стратегічний, можливість реалізації яких у господарській діяльності ТДВ «Русь» стане перспективою подальших досліджень автора. operating profit for short and long periods. In particular, improving the economic performance of Superadded Liability Company "Rus" can be achieved through the intensification of the production process, and therefore is required additional investment and innovation. In order to develop the enterprise in the long run and increase the efficiency of its production activity, it is necessary to additionally involve 14 employees, optimize material costs and acquire modern fixed assets. According to the results of optimization, optimal development plans have been developed: operational and strategic, the possibility of which implementation of the economic activity of Superadded Liability Company "Rus" will become a prospect for further researches of the author.