FINANCIAL DEBT MARKET IN THE SYSTEM OF INDICATORS OF DEVELOPMENT OF THE ECONOMY OF THE COUNTRY

Abstract

The development of the financial market has a significant impact on the restructuring of the country's economy, contributes significantly to long-term economic growth and to the functioning of the relevant institutions.Financial depth of the market is a standard that is evaluated using key indicators that characterize the maturity of the financial system in accordance with international standards. The study of this indicator is relevant, because insufficient financial depth undermines long-term competitiveness of the country and increases the influence of external and internal risks on the financial market.The purpose of the article is to study and systematize theoretical and practical aspects regarding the estimation of the financial depth of the market, as well as the provision of its forecast indicators.The object of research is the financial depth of the market, as a set of financial instruments and financial institutions.The subject of the article is theoretical, methodological and practical principles for assessing the financial depth of the market.The article reveals a number of quantitative indicators that influence the financial depth of the market: monetization, capitalization, GDP. The extended list of indicators for the development of the banking system, which has a direct correlation with the financial depth of the market, according to the World Bank, is calculated and reflected. Along with the quantitative indicators, a number of qualitative indicators that characterize the sufficiency of the financial depth of the market in terms of range, breadth, coverage and volume of services provided by the financial market are proposed. The study of these indicators provided an opportunity to form and analyze the current situation of the financial depth of the market in Ukraine.The conclusions made it possible to predict quantitative indicators of the financial depth of the market and provide practical recommendations for improving these indicators in the context of the Ukrainian economy.