Acta Univ. Agric. Silvic. Mendelianae Brun. 2015, 63(6), 2067-2076 | DOI: 10.11118/actaun201563062067

The Comparative Analysis of Financial System of Czech Republic, Poland and Ukraine

Olena Oliynyk1, Viktor Adamenko2, Ludmila Oliynyk3
1 Department of Finance and Credit, Faculty of Economics, National University of Life and Environmental Sciences of Ukraine, Heroyiv Oborony str., 11, Kyiv, 03041, Ukraine
2 Department of Economy and Finance Company, Faculty of Economics, management and law, Kyiv National University of Trade and Economics, Kyoto str., 19, Kyiv, 02156, Ukraine
3 Department of Geodesy and Cartography, Faculty of Land Management, National University of Life and Environmental Sciences of Ukraine, Heroyiv Oborony str., 11, Kyiv, 03041, Ukraine

We create the simplified model of integral indicator - the model "3 + 3", which allows simplicity and affordability, but quite adequate, provide a comparative analysis of financial systems of individual countries and identify their type (bank-based or market-based). The results of comparative analysis demonstrate that the financial system of Ukraine in comparison with two leading members of the CEE countries - the Czech Republic and Poland - showed its viability as an independent integrated system and the possibility to develop in the terms of normal political situation.

Keywords: financial systems, bank-based system, market-based system, model "3 + 3", the integral indicator of the relative level of the financial system development
Grants and funding:

The paper was prepared as part of the post-doc research program funded by the Erasmus Mundus Action II Alrakis II Project Number 2012-2733.

Prepublished online: December 26, 2015; Published: January 1, 2016  Show citation

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Oliynyk, O., Adamenko, V., & Oliynyk, L. (2015). The Comparative Analysis of Financial System of Czech Republic, Poland and Ukraine. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(6), 2067-2076. doi: 10.11118/actaun201563062067
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