POST-WAR RECOVERY OF REGIONAL ECONOMIES THROUGH THE DEVELOPMENT OF FINANCIAL INFRASTRUCTURE

Анотація

The article examines the conceptual underpinnings of the formation, functioning and restoration of financial infrastructure as a systemic element of the economy, particularly in the post-crisis period. The key role of financial infrastructure in ensuring the stability of the economic system, maintaining financial flows and stimulating economic growth in the midst of significant transformation challenges is highlighted. The analysis focuses on the relationship between institutional and regulatory barriers, which have a significant impact on the efficiency of financial institutions and markets. The institutional issues that have been identified are as follows: the fragmentation of financial flows; a low level of coordination between state and regional financial institutions; the limited ability of financial institutions to respond quickly to crises; insufficient integration of international standards; and weak communication among actors within the financial system. Of particular pertinence are the regulatory barriers that impede the recovery of financial infrastructure, such as the instability of the regulatory environment, the over-regulation of procedures, the absence of long-term regulatory strategies, and a lack of transparency in regulatory decisions. The article considers the consequences of these issues, including a slowdown in economic rehabilitation, a decline in trust in financial institutions, a shortage of investment resources, and increased risks to financial stability. The author puts forward a number of recommendations for overcoming these barriers, including the reform of financial institutions to enhance their capacity, the harmonisation of legislation with international standards, the digitalisation of financial processes, the development of public-private partnership mechanisms, and the promotion of financial inclusion. The importance of implementing innovative technologies, such as automated financial flow monitoring systems and platforms for integrating financial institutions into a unified ecosystem, is emphasised. The conclusions may serve as a theoretical basis for further research in the field of economics and finance, as well as be used to develop practical recommendations for reforming Ukraine's financial system in the context of post-crisis recovery.