International Congress on Eurasian Economies

International Conference on Eurasian Economies

12-14 October 2011 – Bishkek, KYRGYZSTAN

Paper detail

Paper ID : 233
Status : Paper published
Language : English
Topic : Finance and Financial Crises
Presenter: Dr. Nataliya Rad
Session : 5A Finance

Ukraine Pension System and Financial Markets: Conceptualization Problems
Ukraine Pension System and Financial Markets: Conceptualization Problems

Abstract

The paper analyzes some aspects of Ukrainian pension system formation. All its three levels taken as a whole are a real source for the formation of domestic investment resources and implementation of their potential through financial market instruments. At the present stage relationship of these two institutes is pronounced in the frameworks of non-state pension funds. Implementation of the accumulative level of pension system has only to accelerate processes at work. Investigation is focused on the problems of integrating pension system investment resource into financial market infrastructure. It is noted that in the current conditions infrastructure of domestic financial market is being formed. Its instruments are developed and are functioning irregularly. However, there exist general problems that require their solution. They are related to insufficient operational capacity and efficiency of financial market regulating mechanism and other factors. Analysis of the quality of implementation of financial market basic macroeconomic function associated with redistribution of pension savings allowed us to make conclusion on the incompatibility of the achieved level of its development with the current needs adjusted for pension reform. Proposals for improvement of the concept of pension system and financial market along the lines of their harmonization and enhancement of the functioning efficiency in the context of social-economic development of Ukraine are worked out.

JEL codes: D53, G23, G28

Rad, Nataliya (2011). "Ukraine Pension System and Financial Markets: Conceptualization Problems" in Proceedings of International Conference of Eurasian Economies 2011, pp.293-298, Bishkek, KYRGYZSTAN.

DOI: https://doi.org/10.36880/C02.00233

Full paper in PDF format.

Session 5A: Finance

Istanbul Beykent University Kyrgyz-Turkish Manas University Promotion Fund of the Turkish Prime Ministry Turkish Central Bank