GLOBAL SYSTEM EFFECTS AND MECHANISMS FOR RESISTING ECONOMIC SHOCKS

The financial sphere turned out to be the most advanced in terms of globalization. The internationalization of the financial sector is unfolding in three main areas. Internationalization of financial services with penetration into the economies of developing countries, foreign banks and other financial institutions. Growth in international equity flows, taking into account foreign direct investment, which has recently been higher than debt flows. Increased debt flows, the main indicators of which are interest rates and exchange rates.

Thus, the most active is financial globalization, which is manifested in the free transfer of financial capital between national and regional capital markets, which will lead to the fact that large flows of foreign capital will be in the domestic financial market. This may have an ambiguous impact on the domestic financial market. That is why today scientists, bankers, politicians are paying more and more attention to such a phenomenon as financial globalization, looking for new ways to organize the financial system of Ukraine and provide recommendations for its improvement.