UDC 336.76:338.246.025.2
Zablotsky, M. B. (2014). Balansova finansovo-rynkova rehulyatyvna systema: mekhanizm synkhronizatsiyi trendiv hroshovoyi propozytsiyi i natural'noho produktu [Balancing financial and market regulatory system: mechanism for synchronizing trends of money supply and natural product]. Rehional'na ekonomika - Regional Economy, 72(2), 132-147. [in Ukrainian].
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Authors

Resume

In the present publication author proposes modernized type of liberal centralized regulatory system aimed at balancing financial-market regulation of markets and the economy equilibrium.

The publication noted that in the basis of liberal centralized system is introduced the concept of John Maynard Keynes in relation to the establishment of stability and equilibrium of the economy across increasing aggregate demand, i.e. cash income of consumers for enhancing consumption that would cause activization of investment activities and growth in the production of the product to the needs of the consumer. Emphasis was placed on the short term, though when prices are fixed and growth in aggregate demand will not affect on the inflation.

However, the author based on the formalized models of financial and commodity markets shows that at the Ukrainian market and markets of countries with transition economy rates are not stable not only in the long term, but short term. As the author notes, the question is in order to create a regulatory system in which the key factors in the financial and commodity markets were moving synchronously, i.e. increased – fell at the same time, then the resulting indicators remain unchanged.

At the basis of the balance approach to regulating equilibrium of the markets and the economy proposed to apply formal models of financial and commodity markets, especially the static model of commodity market: the product of the number of natural products and the unit price of the product must meet the by multiplying the amount of money and the coefficient of turnover. Money supply reasonably presented as a monetary form of national income, which is allocated on the accumulation (savings) and consumption. The volume of real product and the unit price of the product is considered as a function of the distribution of national income on savings and consumption. Statistical model of commodity market moved in a dynamic volume of interest as the multiplication of the natural product and price and multiplication of indices in money supply and the coefficient of its turnover.

Logically justified two models of regulation of markets:

a) consumer-inflation model which provides for the distribution of national income in favor of the consumer; model argues that consumption growth is possible only by reducing volume of investments accordingly to capital-equipping, productivity and volume of production of real product and only increasing the money supply, which would inevitably lead to price increases;

b) cumulative-deflationary model that takes the focus on the regulation and market economy equilibrium with the volume of consumption on the volume of accumulation which is a source of investment, increasing of production of natural products, reducing of costs and growth of national income and consumption.

Here, of course, is important so that increasing investments implemented in technical means and technologies which actually raise the productivity of capital and labor of employees.

Keywords:

free funds, investments, natural product, national income, the system of regulation, balancing equilibrium, the rate of accumulation, the rate of consumption