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The financial system of the region: structural-functional aspect

Zotova A.   (Southern Federal University (Rostov-on-Don))

Kirichenko M.   (Southern Federal University (Rostov-on-Don))

The regional financial system is regarded as an independent object of scientific research and practical management the region to be treated as territory within the administrative borders of a subject of Federation. This aspect reflects the economic and administrative control of the territory, that gives a possibility to include not only the federal subject level, but also the municipal level in the regional financial system architecture. Based on the analysis of existing approaches to the interpretation of the concept «financial system», the regional financial system structure is explained, its subject-object characterization is given, the functional role of each part of the financial system is revealed in the real interaction, aimed at effective and sustainable development of the region.

Keywords:financial system of region, structure, subjects of financial relations, functional role, development priorities.

 

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Citation link:
Zotova A. , Kirichenko M. The financial system of the region: structural-functional aspect // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2015. -№11-12. -С. 82-86
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