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

Abstract

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