FORMATION AND DEVELOPMENT OF FINANCIAL SYSTEMS OF FOREIGN COUNTRIES ( Є також український варіант роботи. + готова доповідь для захисту та презентація(українською) захищена на відмінно ) ) (ID:1100640)

INTRODUCTION Relevance of the study. The relevance of the issues of formation of the financial system makes us turn to foreign experience in this area in order to identify the budget indicators of federal and unitary states and their features of the formation of the financial system at the state and regional levels. The importance of research on the problem of foreign experience in the formation of the financial system is substantiated in the studies of foreign and domestic authors: Bogachova O.S., Kysiev Z.E., Nekhaychuk Y.S., Nekhaychuk D.V., Tokayeva S.K., Yangirov A.V., Nechiporuk A.A. and others. The financial system of the state ensures the creation and flow of financial resources that allow the state to produce public goods, services, goods, and also promotes the accumulation and use of financial resources in order to implement the activities of the authorities. The financial system mediates the relationship between the state, organizations, and citizens, which take place continuously with the help of modern communication technologies not only within the country, but also abroad. An important condition for building an effectively functioning financial system of the state, as well as its improvement, is the study of foreign experience, including the need to compare theoretical approaches to the definition of the financial system, its structure, which is carried out by modern financial policy in order to assess the possibility of using the best practice for the implementation of the financial policy of states. The purpose of the study is to theoretically substantiate and practically consider the features of the process of formation and development of financial systems of foreign countries. According to the outlined goal, the following range of tasks was formulated: - to conduct a theoretical study of the concept of finance and financial system at the present stage of development of the world financial and economic system; - to define the content and concept of finance as an integral economic category and to consider the principles of formation and development of finance; - to explore modern views on the concept of the financial system and its composition; - to classify national financial systems; - to conduct an analytical study of the development and modern functioning of foreign financial systems; - to consider the history of the development and functioning of the financial system of Ukraine; - to find out the peculiarities of the functioning of the financial system of the countries of the European Union, the features of the American financial system and the financial system of Islamic countries; - to consider the main promising directions of development of the world financial system; - to study the world experience of forming local budgets as an element of the financial system. The object of research is finance and the financial system as a set of spheres and links of financial relations. The subject of the research is the peculiarities of the process of formation and development of financial systems of foreign countries. In the process of preparing the study, modern methods of conducting scientific research, systematic and integrated approaches, and the method of comparative analysis were used. The informative and legal base of the research is the legislative and non-normative acts, as well as the official statistic, methodological and analytic materials, the data of the Internet. The main scientific research is the scientific research of domestic and foreign scientists on the formation and development of financial systems of foreign countries.